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EUR/USD: BEARISH "ENGULFING" 16:21 12.07.2017 We've got a bearish "Engulfing", which hasn't been confirmed yet. In this case, the price is likely going to decline towards the nearest resistance in the short term. The 34 Moving Average has acted as support, so the market is likely going to...

EUR/USD: PULLBACK FROM 7/8 MM LEVEL 14:39 12.07.2017 There's a quite interesting moment on the Daily chart, cause we've got a pullback from 7/8 MM Level. However, the market is likely going to test this level once again. If the price couldn't fixate above 7/8 MM Level, bears will have a green...

GBP/USD: BULLS GOING TO REACH THE NEXT SUPPORT 11:31 12.07.2017 Bears faced support at 1.2817, but the pair is likely going to reach the next support at 1.2793 - 1.2768. Meanwhile, if we have a pullback from this area, there'll be an option to have an upward price movement in the direction of...

EUR/USD: BEARISH "V-TOP" PATTERN 11:27 12.07.2017 Bulls faced resistance at 1.1494, so we've got a bearish "V-top" pattern, which pushed the price lower. So, the market is likely going to test the nearest support at 1.1425 - 1.1398 in the coming hours. If a pullback from this area happens...

EUR/USD: EURO SAW A CEILING 09:55 12.07.2017 On the EUR/USD daily chart quotes reached target 88.6% of the inverted Bat pattern. As a result, the risks of correction towards 1.1345 (78.6% from the last near-term downward wave + lower border of the upward trading channel) and lower. On the...

USD/CHF: FRANC ENTERED THE INTERSECTION 09:52 12.07.2017 On the USD/CHF daily chart, there is a struggle for the important level of 0.9636. If Bulls manage to push quotes higher, the risk of correction towards the current downtrend in the direction of 0.972 and higher will increase. In...

USD/JPY: DOLLAR IS CORRECTED TO CLOUD 09:47 12.07.2017 Technical levels: support – 113.30, 113.00; resistance – 113.90, 114.20. Trade recommendations: Buy — 113.30; SL — 113.10; TP1 — 113.90; TP2 — 114.30. Reason: bullish Ichimoku Cloud, horizontal Senkou Span A and B; a golden cross of...

AUD/USD: BULLS RETURNED AUSSIE TO POSITIVE AREA 09:46 12.07.2017 Technical levels: support – 0.7630; resistance – 0.7660, 0.7680. Trade recommendations: Buy — 0.7630; SL — 0.7610; TP1 — 0.7680; TP2 — 0.7700. Reason: narrow bearish Ichimoku Cloud with rising Senkou Span A and B; a golden cross...

MORNING BRIEF FOR JULY 12 08:59 12.07.2017 A fresh twist in the controversy over Donald Trump’s alleged collusion with Russia provided a portion of volatility overnight. Trump’s eldest son released a streak of email in which he would welcome the possibility of Russia helping his father to win...

USD/CAD LOOKING FOR DOWNSIDE TARGETS 00:28 12.07.2017 Loonie has been weak and given that decline, it has started to correct its overall bias. Currently, buyers are being capped by the Fibonacci retracement zone established by the 61.8% and 50% in 1.2941 and 1.2901 respectively. That’s one...

THE GUIDANCE FOR JANET YELLEN’S TESTIMONY 15:31 11.07.2017 Janet Yellen, the Federal Reserve chairwoman, is set to deliver her semiannual testimony to Congressional lawmakers on Wednesday and Thursday. Traders will be focused on her view regarding interest rate policy and on the timing of the...

USD/JPY: BULLS GOING TO TEST NEAREST RESISTANCE 15:28 11.07.2017 The price is still rising and there isn't any reversal pattern so far. So, bulls are likely going to test the nearest resistance, which could be a departure point for a bearish correction. Anyway, we should have an eye on the...

EUR/USD: "ENGULFING" AT THE LOCAL LOW 15:25 11.07.2017 There's a bearish "Tower" pattern, which has been confirmed enough. Therefore, the market is likely going to decline towards the 55 Moving Average. If we see any bullish pattern on this line afterwards, there'll be an opportunity to have...

BITCOIN MIGHT SPLIT IN TWO 11:47 11.07.2017 The Bitcoin surged 160% this year as more and more people become attracted to its cyber shine. Some crypto adepts advise other traders to brace for extreme swings and troughs in the BTC/USD movement towards the end of this month as the conflict...

GBP/USD: "DOUBLE BOTTOM" PATTERN 11:19 11.07.2017 Bears faced support on the 55 Moving Average, so we've got a "V-Bottom" pattern, which has been confirmed. In this case, bulls are likely going to test the nearest resistance at 1.2926 - 1.2947. Meanwhile, if a pullback from this area happens...

EUR/USD: DEVELOPING BULLISH PATTERN 11:15 11.07.2017 The price is consolidating between the levels 1.1444 - 1.1387. We've got a developing bullish pattern, so the market is likely going to reach the nearest resistance at 1.1444 in the short term. If a pullback from this level happens...

AUD/USD: BULLS DON’T BELIEVE IN THEIR STRENGTH 10:10 11.07.2017 On the AUD/USD daily chart, there is a consolidation in the range of 0.7575 – 0.7635 within the correction towards the upward near-term trend. To restore the uptrend, the Bulls need to meet the following conditions: to test the...

USD/CAD: BEARS PREPARE TRAPS 10:09 11.07.2017 On the USD/CAD daily chart, target 113% of the Shark pattern has been fulfilled. This increases the risks of the rollback towards 23.6%, 50% and 61.8% of the CD wave in the course of transformation of the Shark pattern into 5-0. The correction can be...

GBP/USD: POUND GOING TO SENKOU SPAN B 09:07 11.07.2017 Technical levels: support – 1.2840, 1.2810; resistance – 1.2920. Trade recommendations: Buy — 1.2840; SL — 1.2820; TP1 — 1.2920; TP2 — 1.3020. Reason: bullish Ichimoku Cloud, but falling Senkou Span A; a new dead cross of Tenkan-sen and...

EUR/USD: EURO IN CONSOLIDATION 09:06 11.07.2017 Technical levels: support – 1.1380; resistance – 1.1430. Trade recommendations: Buy — 1.1380; SL — 1.1360; TP1 — 1.1430; TP2 – 1.1500. Reason: expanding bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a new golden cross of Tenkan-sen...