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USD/JPY: BEARISH "ENGULFING" 15:45 27.07.2017 The 55 Moving Average has acted as resistance, so there's a bearish "Engulfing". However, we also have a bullish "Doji", so there's time for a local upward correction. Anyway, bears are likely going to test the last low in the short term. The...

EUR/USD: "SHOOTING STAR" AND "ENGULFING" 15:43 27.07.2017 We've got bearish patterns such a "Shooting Star" and an "Engulfing", which both have been confirmed enough. So, the market is likely going to test the nearest support by the middle of the last white candle. There are a "Shooting...

AUD/USD IS AIMING HIGH 12:19 27.07.2017 Recommendation: BUY 0.8015, SL 0.7960, TP1 0.8100 TP2 0.8200 BUY 0.7965 SL 0.7910 TP1 0.8100 TP2 0.8200 On the daily chart, AUD/USD returned to the uptrend after the consolidation. The pair keeps aiming to 0.8200. As long as it’s trading above 0.7965...

GOLD IS RETURNING HOME 12:09 27.07.2017 On the daily chart, after the false break of the neckline of the “Head and shoulders” pattern and successful test of $1255 bulls are trying to return the price inside the previous uptrend channel. If they succeed, the possibility of the uptrend’s...

GBP/USD: MARKET WILL RISE EVEN HIGHER 11:17 27.07.2017 The price has achieved resistance at 1.3137. If a pullback from this level happens, bears are likely going to test the nearest support at 1.3116 - 1.3082. However, the market will probably rise even higher, so we should keep in mind the...

EUR/USD: CONFIRMED "V-TOP" PATTERN 11:13 27.07.2017 Bulls faced resistance at 1.1757, so we've got a "V-Top" pattern, which pushed the price lower. So, the market is likely going to decline towards the nearest support at 1.1712. If a pullback from this level happens, there'll be an...

EUR/USD: PRICE FIXATED UNDER 7/8 MM LEVEL 13:47 26.07.2017 The price fixated under 7/8 MM Level, so wave [v] of 3 may have been formed. Therefore, we could have a downward impulse in wave [a]. The main intraday target is 5/8 MM Level. The last triangle in wave (iv) led to form wave (v) of...

USD/JPY: BEARISH "HARAMI" 12:56 26.07.2017 The last bullish "Three Methods" pushed the price to the 144 Moving Average. At the same time, there's a bearish "High Wave", but this pattern hasn't been confirmed yet. So, the pair is likely going to test the nearest support, which could be a...

EUR/USD: 55 MA ACTED AS SUPPORT 12:54 26.07.2017 We've got a bearish "Engulfing", which has been confirmed enough. So, the market is likely going to test the 34 Moving Average. If a pullback from this line happens, there'll be an opportunity to have another upward price movement. There are...

GBP/USD: MARKET GOING TEST NEXT SUPPORT 11:55 26.07.2017 The price is consolidating. Also, we've got a "V-Top" pattern, so the market is likely going to test the 34 Moving Average in the short term. If a pullback from this line arrives afterwards, bulls will have a green light to achieve the...

EUR/USD: "V-TOP" PATTERN 11:52 26.07.2017 Bulls faced resistance at 1.1712, so we've got a "V-Top" pattern, which has been confirmed. Therefore, the market is likely going to test the nearest support at 1.1615 - 1.1582. If a pullback from this area happens, the price will probably test the...

NZD/USD: RISKS OF DECLINE 11:00 26.07.2017 Recommendation: SELL 0.7405 SL 0.7460 TP1 0.7305, TP2 0.7225 On the daily chart, NZD/USD reached 113% target of the inverted “Shark” pattern. As a result, the risks of correction towards 23,6%, 38,2% and 50% of the wave CD increased. The “Shark”...

USD/JPY: BULLS ARE GETTING MORE ACTIVE 10:41 26.07.2017 Recommendation: BUY 112.10 SL 111.55 TP1 113.05, TP2 114.05 On the daily chart, USD/JPY recoiled from support at 110.55. This allowed bulls to counter attack. The pair left the long-term descending channel and is testing resistance at...

AUD/USD: AUSSIE RETURNED TO CLOUD 09:34 26.07.2017 Technical levels: support – 0.7840, 0.7810; resistance – 0.7930. Trade recommendations: Buy — 0.7840; SL — 0.7820; TP1 — 0.7910; TP2 — 0.79300. Reason: bullish Ichimoku Cloud, but falling Senkou Span A; an irregular golden cross of Tenkan-sen...

GBP/USD: MARKET KEEP STAYING ON CLOUD 09:33 26.07.2017 Technical levels: support – 1.3000/10; resistance – 1.3090. Trade recommendations: Buy — 1.3000; SL — 1.2980; TP1 — 1.3040; TP2 — 1.3090. Reason: bullish Ichimoku Cloud with rising Senkou Span A and B; a new golden cross of Tenkan-sen and...

USD/JPY: "HARAMI" AND "THREE METHODS" 16:53 25.07.2017 There are bullish patterns such a "Harami" and a "Three Methods", which both have been confirmed. So, the market is likely going to reach the 55 Moving Average in the short term The price reached the 55 Moving Average, but we don't...

EUR/USD: BULLS TRY TO DELIVER NEW LOCAL HIGH 16:48 25.07.2017 There isn't any reversal pattern so far. However, if we have a pullback from the nearest resistance level, bears are likely going to test the middle of the last group of white candles. Anyway, bulls will probably try to deliver a...

EUR/USD: POSSIBLE TRIANGLE IN WAVE (IV) 11:50 25.07.2017 The price is consolidating near 7/8 MM Level. Wave (iv) is likely going to end soon, so we could have another bullish impulse in wave (v) of [v] in the short term. The main intraday target is 8/8 MM Level. There's a possible triangle...

GBP/USD: BULLISH "PENNANT" PATTERN 10:13 25.07.2017 Bulls faced resistance at 1.3057, so the price is consolidating. Meanwhile, the pair is likely going to achieve the next resistance at 1.3077 in the short term. If a pullback from this level happens, we should keep an eye on the nearest...

USD/CHF: FRANC APPROACHED THE TARGET 10:11 25.07.2017 Recommendation: SELL 0.9525 SL 0.9580 TP1 0.9400 TP2 0.9370 On the daily chart, USD/CHF is trading within a downtrend towards 224% and 127.2% targets of AB=CD and “Crab” patterns. To activate the reversal “Wolfe waves” pattern bears have to...