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EUR/USD: "TRIPLE TOP" PATTERN 12:14 14.08.2017 The upper side of the last "Wedge" pattern has been broken, so the price is rising. The main intraday target is the nearest resistance at 1.1875 - 1.1909. If a pullback from this area happens afterwards, there'll be an opportunity to have a...

NZD/USD IS PREPARING TO TAKE OFF 11:03 14.08.2017 Recommendation: BUY 0.7335 SL 0.7280 TP1 0.7445 TP2 0.7525 On the daily chart, NZD/USD keeps forming the inverted 5-0 pattern. The recoil of support at 0.7278 (38.2% of the wave CD) allowed traders to form longs in hope for a resumption of...

USD/JPY: YEN WANTS TO COME BACK 10:48 14.08.2017 On the daily chart, USD/JPY bulls are trying to return the pair inside the triangle. If they manage to do it, successful test of resistance at 110.52 will strengthen the risks of correction towards the upper border of the downtrend channel. On...

AUD/USD: AUSSIE TRIED TO BREAKOUT SSA’S RESISTANCE 09:37 14.08.2017 Technical levels: support – 0.7880; resistance – 0.7930. Trade recommendations: Buy — 0.7890; SL — 0.7870; TP1 — 0.7930; TP3 — 0.7990. Reason: irregular bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of...

EUR/USD: BULLS RETURNED TO POSITIVE AREA 09:36 14.08.2017 Technical levels: support – 1.1780; resistance – 1.1820. Trade recommendations: Buy — 1.1830; SL — 1.1810; TP1 — 1.1900; TP2 – 1.1930. Reason: expanding bullish Ichimoku Cloud with rising Senkou Span B; a new golden cross of Tenkan-sen...

GOLD (XAU/USD): $1300 AS THE NEXT TARGET? 03:31 14.08.2017 The precious metal has been strong across the Forex market and it’s consolidating gains well above the $1290 level. So far, according to the H1 chart, a bullish crossover is happening with the 50 and 200 SMA, which reinforces the...

EUR/GBP REACHED BUY TARGET 0.9100 19:59 11.08.2017 EUR/GBP reached buy target 0.9100 Next buy target - 0.9200 EUR/GBP continues to rise inside the minor impulse wave (iii), which earlier reversed up from the round support level 0.9000 (former strong resistance level which stopped the previous...

EUR/USD RISING INSIDE MINOR (B)-WAVE 19:57 11.08.2017 EUR/USD rising inside minor (b)-wave Next buy target - 85.70 EUR/USD continues to rise inside the minor (b)-wave which started earlier – when the pair reversed up from the combined support zone lying between the support level 1.1700 and the...

USD/JPY: BULLISH "DOJI" 15:19 11.08.2017 The "Window" has been broken, but there's a bullish "Doji", which hasn't been confirmed yet. It's likely that the pair is going to test the nearest resistance. If a pullback from this level happens, we could have just another decline. We've got a...

EUR/USD: BEARISH "SHOOTING STAR" AND "DOJI" 15:16 11.08.2017 The 55 Moving Average has been tested once again, so we've got a bearish "Tower", but this pattern remains unconfirmed. So, the pair is likely going to continue declining until any bullish pattern forms. There're bearish patterns...

GBP/USD: DEVELOPING "TRIANGLE" 11:22 11.08.2017 The price is consolidating near the 89 Moving Average. Also, there are two bullish "Thorn" patterns in a row, so the pair is likely going to test the closest resistance at 1.3032 - 1.3047 in the coming hours. If a pullback from these levels...

EUR/USD: PRICE BROKE THE "WEDGE" 11:20 11.08.2017 The price has broken the upper side of a "Wedge" pattern. So, the market is likely going to test the nearest resistance at 1.1846 - 1.1875 in the coming hours. If a pullback from these levels happens, there'll be an opportunity to have a...

EUR/JPY: BEARS PREPARE A DECLINE 10:41 11.08.2017 On the daily chart, EUR/JPY the break of diagonal support (lower border of the uptrend channel) was a signal for correction towards 88.06% target of the “Shark” pattern. However, bears have to meet 2 conditions. Firstly, hold the pair below...

GBP/USD: WEDGE HELPED BULLS 10:26 11.08.2017 Recommendation: BUY 1.3025 SL 1.2970 TP1 1.3150 TP2 1.3250 SELL 1.2960 SL 1.3015 TP 1.2850 On the daily chart, GBP/USD formed junior and senior “3 Indians”. As a result, the pair declined to support at 1/2965. The break will strengthen the risks...

AUD/USD: AUSSIE TESTED SSB’S SUPPORT 08:23 11.08.2017 Technical levels: support – 0.7820/30; resistance – 0.7910. Trade recommendations: Buy — 0.7850/60; SL — 0.7830; TP1 — 0.7910; TP3 — 0.7950. Reason: bearish Ichimoku Cloud, but rising Senkou Span B; a dead cross of Tenkan-sen and...

GBP/USD: POUND IS IN CONSOLIDATION UNDER CLOUD 08:22 11.08.2017 Technical levels: support – 1.2980; resistance – 1.3000, 1.3090. Trade recommendations: Sell — 1.2980; SL — 1.3000; TP1 — 1.2910; TP2 — 1.2870. Buy — 1.3010; SL — 1.2090; TP1 — 1.3090; TP2 — 1.3140. Reason: bearish Ichimoku Cloud...

USD/JPY: "ENGULFING" AND "DOJI" 16:07 10.08.2017 There's a bearish "High Wave", which has been confirmed. So, the price is likely going to continue moving down towards the lower "Window", which could be a departure point for a bullish correction. We've got bearish patterns such an...

EUR/USD: BEARISH "SHOOTING STAR" 16:04 10.08.2017 The 55 Moving Average has acted as support, but there isn't any bullish pattern so far. So, we could have a new local low soon. If we have another pullback from the 55 MA, there'll be an opportunity to have an upward price movement. The...

USD/CHF: BEARS PREPARE TO ATTACK 11:30 10.08.2017 Recommendation: BUY 0.9740 SL 0.9685 TP1 0.9840 TP2 0.9890 On the daily chart, USD/CHF reached the target of “Wolfe waves” pattern. After this, there was a correction to the short-term uptrend. A recoil from the lower border of the bullish...

GOLD: BULLS PUSH PRICES UP 11:10 10.08.2017 Recommendation: SELL $1270, SL $1278, TP1 $1250, TP2 $1230 On the daily chart, bulls made a second attempt during the 2 weeks to return the prices inside the previous rising channel. If it succeeds, the odds of an increase at least towards $1295 an...