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USD/JPY: "SHOOTING STAR DOJI" PATTERN 15:38 14.07.2017 The 21 Moving Average is acting as resistance. All the last candles are bearish, so there isn't any reversal pattern so far. Therefore, the pair is likely going to test the lower "Window" in the short term. There's a "Shooting Star...

EUR/USD: BEARISH "HIGH WAVE" 15:36 14.07.2017 The 34 Moving Average has acted as support, so we've got a "Hammer", but this pattern hasn't been confirmed yet. So, we could have a local downward correction in the short term. Meanwhile, bulls are likely going to test the nearest resistance...

USD/CAD: OUTLOOK FOR JULY 17-21 15:00 14.07.2017 USD/CAD fell below 1.2680 in the past week after the Bank of Canada raised its benchmark rate by 25 basis points to 0.75%. While markets had priced in a rate hike, the central bank’s a much more hawkish rhetoric was a real surprise for them and...

EUR/USD: DEVELOPING WAVE A OF (V) 11:28 14.07.2017 There's a developing ending diagonal in wave [v] of C. Inside this pattern, wave (iv) may have been formed. So, there's an opportunity to have wave (v) of [v] in the short term. In this case, the high of wave (iii) is likely going to be...

GBP/USD: BULLISH "THORN" PATTERN 10:59 14.07.2017 We've got a pullback from the Moving Averages and a bullish "Thorn" pattern, so the price is rising. The main intraday target is resistance at 1.2982 - 1.3006, so if we see a pullback from this area, there'll be an opportunity to have a...

GBP/USD: BULLS FEELS GOOD 09:14 14.07.2017 Technical levels: support – 1.2900/20; resistance – 1.3000. Trade recommendations: Buy — 1.2920; SL — 1.2900; TP1 — 1.3000; TP2 — 1.3020. Reason: bullish Ichimoku Cloud with rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen; the...

EUR/USD: EURO RETURNED TO CLOUD AGAIN 09:13 14.07.2017 Technical levels: support – 1.1400; resistance – 1.1470. Trade recommendations: Buy — 1.1410; SL — 1.1390; TP1 — 1.1470; TP2 – 1.1500. Reason: bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a new dead cross of Tenkan-sen and...

MORNING BRIEF FOR JULY 14 08:56 14.07.2017 It is a Bastille day in France. The US President and other foreign heads are visiting France and watching military parade on the Champs-Élysées. Donald Trump has already posted a tweet about his unbreakable relationship with the French President...

EUR/USD: TIME TO REBOUND? 00:20 14.07.2017 EUR/USD is currently trading inside a strong demand zone that has been established by our Fibonacci’s projections. The 200 SMA at H1 chart is also providing the line in the sand for bulls, at which could gather enough momentum to ride the bullish bias...

EUR/USD: DEVELOPING ENDING DIAGONAL 16:15 13.07.2017 There's a developing ending diagonal in wave [v] of C. It seems like wave (iv) has been formed, so bulls are likely going to deliver wave (v) of [v] in the coming hours. In this case, we could have a new high soon. As we can see on the...

USD/JPY: BULLISH "HARAMI" 15:39 13.07.2017 There's a possible "Three Methods" between the Moving Averages. If this pattern confirms, bears are likely going to reach the 55 Moving Average shortly. We've got a bullish "Harami", which has been formed on the lower "Window". So, the pair is...

EUR/USD: BEARISH "THREE METHODS" PATTERN 15:33 13.07.2017 There's an "Engulfing", which has been confirmed by the last bearish "Three Methods" pattern. So, the market is likely going to decline towards the 55 Moving Average in the short term. The 144 Moving Average acted as support, so...

GOLD MARKET OVERVIEW 14:53 13.07.2017 Gold prices posted a fourth-straight gain on Thursday reaching $1222.50 amid political uncertainty in the US and a bit dovish read on Fed’s Chair Janet Yellen’s testimony to Congress. Most analysts believe that gold’s rally was triggered by the turmoil in...

BANK OF CANADA RAISED RATE. WILL OTHER CENTRAL BANKS FOLLOW ITS LEAD? 12:47 13.07.2017 Canada became the first G-7 country to join the US in raising interest rates yesterday, proving the fact that the world’s central bankers have started entering a tightening cycle (as they promised at...

GBP/USD: CONFIRMED "THORN" PATTERN 12:01 13.07.2017 The price faced support at 1.2817, so there's a "Thorn" pattern, which has been confirmed. Therefore, the pair is likely going to continue moving up in the direction of the next resistance at 1.2947 - 1.2982. Meanwhile, if a pullback from...

EUR/USD: "V-BOTTOM" PATTERN 11:58 13.07.2017 Bears faced support at 1.1398, so we've got a "V-Bottom" pattern, which pushed the price to resistance at 1.1464. Therefore, bulls are likely going to test the next resistance at 1.1494. If a pullback from this level happens, there'll be an...

GBP/USD: POUND IS AT A STALEMATE 09:43 13.07.2017 BUY 1.2925 SL 1.287 TP1 1.3030, TP2 1.3200. On the GBP/USD daily chart, the pound is in a stalemate: bulls cannot return the quotes to the borders of the near-term upward channel, while bears cannot return quotes to the borders of the...

NZD/USD: KIWI WOKE UP THE SHARK 09:41 13.07.2017 On the NZD/USD daily chart, Bears failed to keep quotes below the support at 0.723. It was a signal of their weakness, the Bull acted proactively. A successful test of the resistance at 0.7345 might lead to the restoration of the uptrend and...

MORNING BRIEF FOR JULY 13 08:40 13.07.2017 The Canadian dollar is the major beneficiary in FX markets after the Bank of Canada raised its rates by 0.25% to 0.75% and slightly upgraded its growth forecasts. There was not even a hint for dovishness. So, the loonie surged on the rate announcement...

USD/JPY: "TWEEZERS" AND "DOJI" 16:23 12.07.2017 There are bearish patterns such a "Tweezers" and a "Doji", which both have been confirmed. So, the pair is likely going to test the 144 Moving Average line during the day. The nearest "Window" has been broken, so the price is declining. If we...