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USD/JPY: DOLLAR’S FALLING CONTINUE 09:04 04.08.2017 Technical levels: support – 110.00; resistance – 110.50. Trade recommendations: Sell — 110.50; SL — 110.70; TP1 — 110.00; TP2 — 109.60. Reason: bearish Ichimoku Cloud with falling Senkou Span A; a cancelled dead cross of Tenkan-sen and...

AUD/USD: BULLS LOOK STRONG 09:03 04.08.2017 Technical levels: support – 0.7950; resistance – 0.7990. Trade recommendations: Buy — 0.7970; SL — 0.7950; TP1 — 0.8030; TP2 — 0.8080. Reason: bullish Ichimoku Cloud; horizontal Senkou Span A, but rising Senkou Span A; a correctional dead cross of...

USD/JPY: PRICE GOING TO TEST "WINDOW" 15:13 03.08.2017 There's a bearish "Engulfing" on the 21 Moving Average, so the price is likely going to test the last low and the nearest "Window". If a pullback from this level happens, there'll be time for a local upward correction. The 89 Moving...

EUR/USD: "SHOOTING STAR" PATTERN 15:10 03.08.2017 We've got a "Shooting Star" pattern, which hasn't been confirmed yet. So, we could have just a local bearish correction towards the last "Three Methods" pattern. However, bulls will probably try to deliver a new high afterwards. There's a...

GBP/USD: "RISING WEDGE" PATTERN 11:27 03.08.2017 The price is consolidating under resistance at 1.3234, but we've got a "Double Top". If this pattern confirms, bears are likely going to test the nearest support at 1.3184. If a pullback from this level happens, there'll be an opportunity to...

EUR/USD: "THORN" PATTERN 11:25 03.08.2017 The last "Flag" pattern led to another bullish rally, so the price faces resistance at 1.1923. Also, there's a "Thorn" pattern, which means the market is likely going to reach the nearest support at 1.1801. If a pullback from this level happens, we...

USD/CAD: BULLS ARE HAVING TROUBLES 09:55 03.08.2017 Recommendation: SELL 1.2540 SL 1.2595 TP1 1.2420, TP2 1.2200 On the daily chart, we see a start of correction to the downtrend towards 23.6%, 38.2% and 50% of the wave CD. It became possible because the “Shark” pattern transformed into...

EUR/USD: EURO IS AIMING NORTH 09:47 03.08.2017 On the daily chart, EUR/USD keeps forming the wave 4-5 of the “Widening wave” pattern. In future, 23.6%, 38.2% and 50% of this wave may be used for opening long positions. However, it’s firstly necessary to wait until the wave is finished. On...

USD/JPY: "WINDOW" ACTED AS SUPPORT 14:48 02.08.2017 The last bullish "High Wave" pattern has been confirmed, so the price reached the 21 Moving Average. However, the pair is likely going to test the next 34 MA. If a pullback from this line happens afterwards, there'll be an opportunity to...

EUR/USD: "HARAMI" PATTERN 14:45 02.08.2017 There's a bearish "Harami" at the last high. If this pattern confirms, the market is likely going to test the nearest support level. Anyway, bulls will probably try to push the price even higher afterwards. We've got a "Harami" pattern, so bears...

AUD/USD: AUSSIE RETURNED TO CLOUD AGAIN 12:41 02.08.2017 Technical levels: support – 0.7910/20; resistance – 0.7990. Trade recommendations: Buy — 0.7910; SL — 0.7890; TP1 — 0.7990; TP2 — 0.8030. Reason: bullish Ichimoku Cloud, but falling Senkou Span A; a cancelled golden cross of Tenkan-sen...

EUR/USD: EURO ON NEW HIGHS 12:41 02.08.2017 Technical levels: support – 1.1820; resistance – 1.1935. Trade recommendations: Buy — 1.1820; SL — 1.1800; TP1 — 1.1900; TP2 – 1.1930. Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A and B; a golden cross of Tenkan-sen and...

AUD/USD MADE A STOP 11:03 02.08.2017 Recommendations: SELL 0.7920, SL 0.7985, TP 0.7820 BUY 0.7760, SL 0.7705, TP1 0.7880, TP2 0.8030, TP3 0.8200 On the daily chart, there’s a “Spike and reversal with acceleration” pattern. The break of a trendline in the ‘spike” phase increases the risks...

GOLD: BULLS STARTED TO LOSE 10:56 02.08.2017 Recommendation: SELL $1263 SL $1273 TP $1248. On the daily chart, bulls keep trying to return the prices inside the previous uptrend channel. Gold price formed an inside bar and doji. This points at uncertainty. Buyers’ success will allow us to...

GBP/USD: BEARS GOING TO TEST NEAREST SUPPORT 10:55 02.08.2017 There's a "Triple Top" at the last high. If this pattern confirms, bears are likely going to test the nearest support at 1.3158. Meanwhile, if a pullback from this level happens afterwards, there'll be an opportunity to have...

EUR/USD: "FLAG" PATTERN 10:53 02.08.2017 The price is consolidating between the levels 1.1846 - 1.1776. Also, there's a "Flag" pattern, so the market is likely going to test the nearest resistance at 1.1846 - 1.1875. If a pullback from this area happens, there'll be an opportunity to have a...

USD/JPY: BULLISH "HIGH WAVE" 16:54 01.08.2017 There's a bullish "High Wave" at the last low. Considering confirmation of this pattern, there's an opportunity to have an upward price movement towards the 21 Moving Average. If a pullback from this line happens, we could have just another...

EUR/USD: BEARISH "TWEEZERS" 16:52 01.08.2017 We've got a bearish "Tweezers", but this pattern hasn't been confirmed yet. So, we should keep an eye on the nearest support level, which could be a departure point for another upward price movement. There are bearish patterns such an...

GBP/USD: CONFIRMED "THORN" PATTERN 10:06 01.08.2017 The price found resistance at 1.3234, so we should keep an eye on the nearest support at 1.3158 as an intraday bearish target. If a pullback from this level arrived afterwards, there'll be an option to have another bullish rally towards the...

EUR/USD: "DOUBLE TOP" PATTERN 10:03 01.08.2017 Bulls faced resistance at 1.1846, so the price is consolidating. Therefore, the market is likely going to reach the nearest support at 1.1776 in the short term. If we see a pullback from this level, there'll be an opportunity to have another...