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EUR/USD IS LOOKING FOR A HINT 11:06 21.08.2017 Recommendation: SELL 1.1705 SL 1.1760 TP1 1.1625 TP2 1.1530 BUY 1.1825 SL 1.1770 TP 1.1925 On the daily chart, bulls are trying to return the pair inside the uptrend channel at the phase of the “Spike and reversal with acceleration”. If they...

GBP/USD: OUTLOOK FOR AUGUST 21-25 16:23 18.08.2017 Reports released this week in the UK showed a mixed picture. Consumer price inflation in Britain unexpectedly held steady in July at an annual rate of 2.6%, despite the fact that analysts were looking forward to a higher number. This news...

USD/JPY: OUTLOOK FOR AUGUST 21-25 15:46 18.08.2017 USD/JPY had a very volatile week. The pair rebounded from 109.00 to 111.00, but then was rejected down and returned to 109.00. Japanese GDP showed the biggest expansion in more than 2 years (+1% q/q) in the second quarter as consumer and...

USD/JPY: BEARS GOING TO REACH LOWER "WINDOW" 13:34 18.08.2017 There isn't any reversal pattern so far, which means we should keep an eye on the lower "Window" as an intraday target. If a pullback from this level happens, we could have an upward correction towards the Moving Averages We've...

EUR/USD: "ENGULFING", "DOJI" AND "HARAMI" 13:31 18.08.2017 There are bullish patterns such an "Engulfing", a "Doji" and a "Harami", which all have been formed on the 55 Moving Average line. So, the market is likely going to test the nearest resistance in the short term The price has...

EUR/USD: OUTLOOK FOR AUGUST 21-25 13:25 18.08.2017 In line with expectations, EUR/USD moved horizontally between 1.1845 and 1.1685 during the past week. European stocks were affected by terrorist attack n Barcelona. The minutes of the ECB July meeting revealed the central bank’s concern over...

USD/JPY: DOLLAR RETURNED TO NEGATIVE AREA 13:18 18.08.2017 Technical levels: support – 109.00; resistance – 109.50. Trade recommendations: Sell — 109.50; SL — 109.70; TP1 — 109.00; TP2 — 108.60. Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A; a cancelled golden cross of...

USD: OUTLOOK FOR AUGUST 21-25 13:17 18.08.2017 The US dollar index (DXY) got support at 92.80 last week and went up to consolidate between 93.20 and 94.00. The minutes of the Federal Reserve’s July meeting showed that most central bank officials supported a move towards unwinding the Fed's...

GBP/USD: UNDER KIJUN’S RESISTANCE 13:17 18.08.2017 Technical levels: support – 1.2840; resistance – 1.2900. Trade recommendations: Sell — 1.2900; SL — 1.2920; TP1 — 1.2840; TP2 — 1.2810. Reason: expanding bearish Ichimoku Cloud with horizontal Senkou Span B; a dead cross of Tenkan-sen and...

EUR/USD: BEARS ARE READY FOR A NEW ATTACK 10:37 18.08.2017 Recommendation: SELL 128 SL 128.55 TP1 126.90 TP2 125.80 On the daily chart, bears attempted for the second time to test important support at 128. It failed, but sellers don’t give up and hope to develop correction and reach 88.6%...

GBP/USD: BEARISH "FLAG" PATTERN 10:00 18.08.2017 We've got a bearish "Flag" pattern, so the market is likely going to reach the next support at 1.2830 - 1.2811 in the short term. At the same time, bulls will probably try to achieve the nearest resistance at 1.2892 - 1.2911 afterwards The...

USD/JPY IS LOOKING FOR DIRECTION 10:30 18.08.2017 Recommendation: BUY 110.95 SL 110.40 TP 112.50 On the daily chart, bears managed to lead the pair outside of the triangle. This increases the possibility of pattern AB=CD with the target at 161.8% in case of a successful break below support...

EUR/USD: "V-BOTTOM" PATTERN[/NB] 09:56 18.08.2017 There's a "V-Bottom" pattern, so the price reached the 55 Moving Average. In this case, the market is likely going to test the nearest resistance at 1.1801 - 1.1846. If a pullback from this area happens, there'll be an opportunity to have a...

USD/JPY: CONFIRMED BULLISH "HARAMI" 14:08 17.08.2017 We've got a "Tweezers" and a "Hanging Man", which both have been formed on the 89 Moving Average. Therefore, the pair is likely going to test the lower side of the nearest "Window" soon. There's a bullish "Harami", which has been...

EUR/USD: BEARISH "TWEEZERS" 14:02 17.08.2017 There's a local bearish "Tweezers" pattern, which has been confirmed. So, bears are likely going to test the 89 Moving Average. If any bullish pattern arrives little later on, there'll be an opportunity to have an upward price movement. The...

GBP/USD: "TRIPLE BOTTOM" PATTERN 10:39 17.08.2017 We've got a "Triple Bottom" pattern, which has been confirmed. It's likely that bears are going to achieve the closest support at 1.2853 in the short term. However, if a pullback from this level happens, bulls will have a green light to reach...

EUR/USD: BEARS GOING TO TEST CLOSEST SUPPORT 10:36 17.08.2017 There's a "Double Bottom", so the price reached the nearest resistance at 1.1801. In this case, bears are likely going to test the closest support at 1.1727 - 1.1712 in the short term. If we have a pullback from this area, bulls...

USD/CHF: BEARS ARE WINNING 09:47 17.08.2017 Recommendation: SELL 0.9585 SL 0.9630 TP1 0.9510 TP2 0.9475 On the daily chart, USD/CHF failed to overcome resistance at 0.9765. This points at buyer’s weakness. If bears manage to settle above 0.9650 and trigger Gartley pattern, risks of decline...

GBP/USD: BEARS FULFILLED THEIR MISSION 09:33 17.08.2017 Recommendation: SELL 1.2940 SL 1.3005 TP 1.2730 SELL 1.3005 SL 1.3060 TP1 1.2850 TP2 1.2730 SELL 1.3055 SL 1.3110 TP1 1.2925 TP2 1.285 TP3 1.2730 On the daily chart, GBP/USD reached 88.6% target of Shark pattern and reached the lower...

SILVER (XAG/USD): LOOKING FORWARD TO RIDE A BULLISH WAVE 19:58 16.08.2017 Silver has been riding an overall bullish structure that it’s looking for a consolidation above the 200 SMA at H1 chart. According to our Fibonacci’s projections, the XAG/USD pair has made a rebound above a key demand...