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EUR/USD: 34 MA ACTED AS SUPPORT 10:46 08.08.2017 The 34 Moving Average has acted as support, so the price is consolidating. Nevertheless, bears are likely going to test the next support at 1.1757, so we could have a new low soon. If a pullback from this level happens, there'll be an...

USD/JPY: BULLS PREVENTED BY CLOUD 11:34 08.08.2017 Technical levels: support – 110.00, 110.40; resistance – 110.70. Trade recommendations: Sell — 110.40; SL — 110.60; TP1 — 110.00; TP2 — 109.60. Buy — 110.80; SL — 110.60; TP1 — 111.40; TP2 — 111.80. Reason: bearish Ichimoku Cloud with...

EUR/NZD REVERSED FROM SUPPORT ZONE 20:22 07.08.2017 EUR/NZD reversed from support zone Next buy target - 1.6200 EUR/NZD continues to rise inside the minor impulse wave (iii) which earlier reversed up from the key support zone lying between the support level 1.5890 (which stopped the previous...

NZD/CHF FALLING INSIDE PRIMARY IMPULSE WAVE ? 20:21 07.08.2017 NZD/CHF falling inside primary impulse wave ? Next buy target - 0.9800 NZD/CHF continues to fall inside the primary impulse wave ?, which started earlier from the resistance zone lying between the key resistance level 0.7320 (which...

USD/JPY: "WINDOW" ACTED AS SUPPORT 14:21 07.08.2017 The lower "Window" has acted as support, so there are bullish patterns such a "Hammer" and a "Doji". In this case, we should keep an eye on the 89 Moving Average as an intraday target, which could bring any bearish pattern afterwards...

EUR/USD: "HAMMER" LED TO BULLISH CORRECTION 14:19 07.08.2017 The last "Shooting Star" and "Engulfing" patterns have been confirmed, but the 34 Moving Average has acted as support. So, we could have a local upward correction in the short term. Nevertheless, bears are likely going to test the...

EUR/JPY: BULLS MADE A STOP 11:36 07.08.2017 Recommendation: SELL 129.5, SL 130.05, TP1 128.5, TP2 127.95 BUY 130.2, SL 129.65, TP1 131.2, TP2 134.00 On the daily chart, EUR/JPY starts consolidating in the 128.5-131.3. If support at 128.5 fails, the pair may decline to 88.6% target of the...

USD/JPY: YEN FOUND A DRAGON 11:14 07.08.2017 Recommendation: BUY 111.05 SL 110.6 TP1 111.65 TP2 112.15 On the daily chart, USD/JPY managed to overcome resistance at 100.52 (23.6% of the long-term descending wave) and quit the uptrend channel. To prove the seriousness of their intentions...

GBP/USD: BEARISH "PENNANT" PATTERN 10:55 07.08.2017 The 89 Moving Average has acted as support, so the price is consolidating. It's likely that the market is going to reach the nearest support at 1.2997 - 1.2982 in the short term. Meanwhile, if a pullback from these levels happens, bulls will...

GBP/USD: BEARISH "PENNANT" PATTERN 10:55 07.08.2017 The 89 Moving Average has acted as support, so the price is consolidating. It's likely that the market is going to reach the nearest support at 1.2997 - 1.2982 in the short term. Meanwhile, if a pullback from these levels happens, bulls will...

EUR/USD: CONFIRMED "DOUBLE TOP" PATTERN 10:51 07.08.2017 We've got a "Double Top" pattern, which has been confirmed. Also, the 34 Moving Average has acted as support, so the price is consolidating. Nevertheless, the pair is likely going to reach the next support at 1.1683 in the short term...

AUD/USD: AUSSIE ENTERED INTO NEUTRAL AREA 09:57 07.08.2017 Technical levels: support – 0.7910, 0.7830; resistance – 0.7990. Trade recommendations: Buy — 0.7830; SL — 0.7810; TP1 — 0.7990; TP2 — 0.8030. Sell — 0.7920; SL — 0.7940; TP1 — 0.7830. Reason: bullish Ichimoku Cloud, but falling...

GBP/USD: POUND SUPPORTED BY SSB 09:56 07.08.2017 Technical levels: support – 1.3030; resistance – 1.3140. Trade recommendations: Buy — 1.3040; SL — 1.3020; TP1 — 1.3110; TP2 — 1.3140. Reason: narrowing bullish Ichimoku Cloud with falling Senkou Span A; a new correctional dead cross of...

GBP/USD WITH ANOTHER POSSIBLE LEG LOWER 22:45 06.08.2017 GBP/USD was one of the major losers during last week, following BoE’s decision to keep rates unchanged and positive NFP data in the United States. Currently, the pair is forming a lower low pattern below the 1.3058 level and it’s awaiting...

USD/JPY: CONFIRMED BULLISH "ENGULFING" 12:08 04.08.2017 There's a "Hammer", which has been formed on the lower "Window". If this pattern confirms, the pair is likely going to test the 21 Moving Average, which could be a departure point for another decline The last bullish "Engulfing"...

EUR/USD: BULLISH "HAMMER" 12:06 04.08.2017 The last "Shooting Star" hasn't been confirmed. Also, there isn't any reversal pattern so far, which means the market is likely going to continue moving up. If any bearish pattern forms afterwards, there'll be an opportunity to have a downward...

USD/CHF: PREPARING FOR A RALLY 10:46 04.08.2017 Recommendation: BUY 0.9720 SL 0.9665 TP1 0.9890, TP2 1.0025 On the daily chart, USD/CHF keeps trading within the “Wolfe waves” pattern. Bulls managed to keep the pair above support at 0.9650. If the pair rises above July high, it will...

GBP/USD: "RISING WEDGE" LED TO MASSIVE DECLINE 10:41 04.08.2017 We've got a "Triple Top" pattern, so the price reached the 34 Moving Average. Nevertheless, bears are likely going to test the next support at 1.3083. If we see a pullback from this level, there'll be an option to have an upward...

EUR/USD: BULLS GOING TO TEST NEXT RESISTANCE 10:39 04.08.2017 The price is consolidating along resistance at 1.1875. So, bulls are likely going to test the next resistance at 1.1923. If a pullback from this level happens afterwards, there'll be an opportunity to have a decline towards the...

GBP/USD: PICTURE TURNED NEGATIVE 10:36 04.08.2017 Recommendation: SELL 1.3075 SL 1.3130 TP1 1.2925 TP2, 1.2860 On the daily chart, there was a combination of the senior and junior “3 Indians” patterns. As a result, the pair fell to support at 1.3120. To develop correction, bears will have...