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EUR/USD: 34 MA ACTED AS SUPPORT 10:10 25.07.2017 The price is consolidating between the levels 1.1679 - 1.1615. Nevertheless, bulls are likely going to reach the next resistance at 1.1712 in the coming hours. If a pullback from this level happens, there'll be an opportunity to have a decline...

GBP/USD GOT STUCK AT THE BORDER 09:57 25.07.2017 Recommendations: BUY 1.3120 SL 1.3065 TP1 1.3250 TP2 1.3500 SELL 1.2930 SL 1.2985 TP 1.2810 On the daily chart, there are medium- and long-term trading channels. If GBP/USD rises to June high, it will be able to continue rising towards 200%...

USD/JPY: DOLLAR RETURNED TO JUNE’S LEVELS 07:41 25.07.2017 Technical levels: support – 110.30; resistance – 111.00, 111.50. Trade recommendations: Sell — 111.00; SL — 110.20; TP1 — 110.30; TP2 — 110.10. Buy — 110.30; SL — 110.10; TP1 — 111.00; TP2 — 111.40. Reason: bearish Ichimoku Cloud, but...

GBP/USD: BULLS SUPPORTED BY CLOUD 07:40 25.07.2017 Technical levels: support – 1.3000; resistance – 1.3060. Trade recommendations: Buy — 1.3020/30; SL — 1.3000; TP1 — 1.3100; TP2 — 1.3130. Reason: bullish Ichimoku Cloud with rising Senkou Span A and B; a new dead cross of Tenkan-sen and...

GBP/USD WITH POSSIBLE BULLISH MOMENTUM ABOVE 1.2920 01:04 25.07.2017 GBP/USD is now finding support around a key Fibonacci zone between the 50% and 65% levels. Such area, established in the 1.2967 and 1.2920 levels could bring a fresh momentum for the bulls and if the pair manages to break...

USD/JPY: "HARAMI" LED TO DECLINE 14:01 24.07.2017 The price has been declining since a "Harami" pattern formed. Also, there isn't any reversal pattern so far, which means bears are likely going to test the next support level in the short term. If any reversal pattern arrives afterwards, bulls...

EUR/USD: BEARISH "SHOOTING STAR" PATTERN 13:55 24.07.2017 The bullish trend is still on the table, but we've got a bearish "Shooting Star" pattern, which hasn't been confirmed yet. Therefore, the market is likely going to test the nearest support level, which could be a departure point for...

EUR/USD: PULLBACK FROM 7/8 MM LEVEL 11:50 24.07.2017 There's a pullback from 7/8 MM Level, so the price is declining in wave (iv). However, if 6/8 MM Level acts as support afterwards, there'll be an opportunity to have another bullish impulse in wave (v) of [v]. As we can see on the...

GBP/USD: BEARISH "THORN" PATTERN 11:21 24.07.2017 There's a consolidation, which is taking place near the 55 Moving Average. The main intraday target is the nearest resistance at 1.3057 - 1.3077. If a pullback from this area happens, there'll be an opportunity to have a decline towards...

EUR/USD: BULLS GOING TEST NEXT RESISTANCE 11:19 24.07.2017 The price is consolidating under resistance at 1.1679. However, bulls are likely going to test the next resistance at 1.1712. If we have a pullback from this level, there'll be an opportunity to have a downward correction towards the...

EUR/JPY: BEARS TRY TO REGAIN POWER 10:48 24.07.2017 Recommendations: BUY 130.50 SL 129.95 TP 131.50 BUY 127 SL 126.45 TP1 128.5 TP2 129.6 TP3 130.50 On the daily chart, bears are trying to counter attack and realize the 1-2-3 pattern. The break of support at 128.50 will increase the risks...

EUR/USD: EURO APPROACHED THE WEDGE 10:38 24.07.2017 Recommendation: BUY 1.1580 SL 1.1525 TP 1.1715, TP2 1.1780 On the daily chart, EUR/USD has come close to the highest level since August 2015 and the interim 127. 2% target of the inverted “Crab” pattern. If the pair returns to 1.1714, it...

USD/CHF FIBONACCI ANALYSIS: 0.9940 AS A KEY LEVEL FOR BUYERS 00:12 24.07.2017 There is a strong bearish bias in the USD/CHF and it has been forming a channel since mid-July. Now, the target is placed in the Fibonacci expansion levels of 100% and 123.6%, which corresponds to the 0.9941 and...

EUR/USD: PRICE IS FORMING WAVE [V] OF 3 14:51 21.07.2017 The main wave count has been changed. It seems like there's a developing flat pattern in wave . Therefore, we've got an upward impulse in wave (C), which is taking place on the Daily chart. Wave 3 is likely about to end, so we could...

USD/JPY: "HIGH WAVE" AND "TWEEZERS" 14:48 21.07.2017 The upper "Window" acted as resistance, so there's a bearish "Harami", which has been confirmed. In this case, the pair is likely going to decline in the direction of the closest support. The 34 Moving Average acted as resistance, so...

EUR/USD: BULLISH "THREE METHODS" 14:44 21.07.2017 There's a bullish "Three Methods", but this pattern hasn't been confirmed yet. Nevertheless, the price is likely going to continue moving up until any bearish pattern arrives. If so, we could have a local downward correction. We've got a...

GBP/USD: "PENNANT" PUSHED PRICE HIGHER 10:56 21.07.2017 The price faced support at 1.2926, so there's a "Thorn" pattern. In this case, the pair is likely going to reach the nearest resistance at 1.3032 - 1.3047. If a pullback from this area happens, bears will probably try to deliver a...

EUR/USD: "FLAG" PATTERN HAS BEEN BROKEN 10:53 21.07.2017 The last "Flag" pattern has been broken, so bulls faced resistance at 1.1679. Nevertheless, the market is likely going to reach the next resistance at 1.1712 in the coming hours. If a pullback from this level happens, there'll be an...

AUD/USD IS PLAYING HIDE-AND-SEEK 09:49 21.07.2017 Recommendation: BUY 0.7840, SL 0.7785, TP1 0.7990, TP2 0.8050 BUY 0.7805 SL 0.775 TP1 0.7990 TP2 0.8050 On the daily chart, AUD/USD is undergoing a correction to the uptrend. Bears are trying to return the pair to the inside of the uptrend...

USD/CAD: THE FIGHT OF BEARS AND BULLS 09:41 21.07.2017 Recommendation: SELL 1,264 SL 1,2585 TP 1,274. On the daily chart, USD/CAD reached 88.6% target of a “Shark” pattern. As a result, the possibility of corrective movement towards 23.6%, 50% and 61.8% of the wave CD increased. The following...