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EUR/USD: BEARISH "FLAG" 10:14 07.07.2017 Bulls faced resistance at 1.1425, so the price is consolidating. In this case, the market is likely going to test the nearest support at 1.1389 - 1.1387. If a pullback from this area happens, there'll be an opportunity to have an upward price movement...

GBP/USD: POUND CANNOT GET HOME 09:51 07.07.2017 On the GBP/USD daily chart, there is a unique situation. Bears cannot return the quotes within the borders of the downwards trading channel. Bulls have no strength to return the pound to the upward trading channel. If target 88.6% of the Shark...

NZD/USD: KIWI IS ON THE CROSSROADS 09:49 07.07.2017 On the NZD/USD daily chart, there is a correction towards the uptrend. A break of the resistance at 0.7345 will increase the risks for the implementation of the target 113% in the Shark pattern. In contrast, an update of the July low will lead...

Banks’ preview: NFP, unemployment rate and average hourly earnings BANKS’ PREVIEW: NFP, UNEMPLOYMENT RATE AND AVERAGE HOURLY EARNINGS 09:21 07.07.2017 The consensus expectation for the US NFP – 178K jobs. That is stronger than the 138K in May. A number like that (or any other number above 118K)...

MORNING BRIEF FOR JULY 7 08:46 07.07.2017 USD/JPY edged higher in the Asian session as the Bank of Japan’s officials have recently said they will start buying unlimited amount of bonds to return the yield back to their zero target. JGB yields were on the, with the 100 year spiking above 0.105%...

USD/JPY: "HIGH WAVE" AND "HAMMER" 15:58 06.07.2017 The price is consolidating, but we've got bullish patterns like a "High Wave" and a "Hammer". Therefore, the market is likely going to reach the nearest resistance level in the short term. The upper "Window" has acted as resistance, so...

EUR/USD: BULLISH "HARAMI" 15:50 06.07.2017 We've got a bullish "Harami" at the local low. This pattern has been confirmed, so the market is likely going to rise until any bearish pattern forms. There're bullish patterns such a "Harami" and a "Tweezers", which both have been confirmed...

WHEN THE EURO WILL RISE ABOVE 1.15 AND HIGHER? 15:12 06.07.2017 The euro has climbed to 1.1445 (its highest level in more than a year) due to improving the Euro area economic environment and Draghi’s hawkish commentaries at the last-week central banking conference in Sintra. According to some...

USD/JPY: DOLLAR IS IN CONSOLIDATION 14:26 06.07.2017 Technical levels: support – 113.00, 112.40; resistance – 113.60. Trade recommendations: Sell — 113.20; SL — 113.40; TP1 — 112.40; TP2 — 112.10. Reason: narrow bullish Ichimoku Cloud; a golden cross of Tenkan-sen and Kijun-sen with rising...

GBP/USD: POUND TESTED CLOUD’S SUPPORT 14:25 06.07.2017 Technical levels: support – 1.2960, 1.2900; resistance – 1.3010. Trade recommendations: Buy — 1.2950; SL — 1.2930; TP1 — 1.3010; TP2 — 1.3050. Reason: bullish Ichimoku Cloud, but falling Senkou Span A; a correctional dead cross of...

EUR/USD: 4/8 MM LEVEL ACTED AS RESISTANCE TWICE 12:06 06.07.2017 The price has been declining in wave since a pullback from 3/8 MM Level was formed. The main bearish target is 0/8 MM Level, which could be a departure point for an upward correction. 4/8 MM Level has acted as resistance...

THE US STOCK MARKET OVERVIEW 11:31 06.07.2017 US equities ended mostly higher yesterday in the post-holiday trade buoyed by gains in technology, healthcare in and financial shares. A recent drop in oil prices dragged energy stocks a bit lower but failed to divert the composite indices from...

GBP/USD: "V-BOTTOM" PATTERN 11:01 06.07.2017 Bears faced support at 1.2887, so there's a "V-Bottom" pattern, which pushed the price to the nearest resistance at 1.2947. Moreover, bulls are likely going to reach the next resistance at 1.2964 - 1.2976. Considering the previously formed "Double...

EUR/USD: CONSOLIDATION BETWEEN 34 & 55 MA The 34 Moving Average has acted as support, so the price is consolidating. Also, there's a "V-Top" pattern, which has been confirmed. Therefore, the market is likely going to test the nearest support at 1.1307 - 1.1287 in the coming hours. If a...

USD/CHF: FRANC STUMBLED ACROSS DOJI-BAR 09:39 06.07.2017 On the USD/CHF daily chart, the formation of doji-bar with the long upper shadow tells us about the Bulls’ weakness. Bears are ready to restore the downward trend towards target 224%, 127.2% in the AB=CD and Crab patterns. But before...

EUR/USD: THERE MIGHT BE A REBOUND 09:36 06.07.2017 On the EUR/USD daily chart, there is a correction towards the upward near-term trend. If Bulls manage to consolidate above the level of 1.344 (78.6% from the downward near-term wave), the risks of the continuation of the rally towards the...

MORNING BRIEF FOR JULY 6 08:46 06.07.2017 The US dollar suffered losses overnight following a bit divided FOMC meeting minutes which disappointed investors expecting confirmation of Janet Yellen’s hawkishness. There were several rather than just a few members who expressed their concerns that...

GBP/USD FALLING INSIDE INTERMEDIATE IMPULSE WAVE (3) 17:09 05.07.2017 GBP/USD falling inside intermediate impulse wave (3) Next sell target - 1.2750 GBP/USD continues to fall inside the intermediate impulse wave (3), which started earlier from the strong resistance zone lying between the round...

USD/CHF REACHED SELL TARGET 0.9550 17:08 05.07.2017 USD/CHF reached sell target 0.9550 Next buy target - 0.9750 USD/CHF has been rising in the last few trading sessions – following the earlier upward reversal form the support area lying between the powerful support level 0.9550 (which has been...

USD/JPY: PRICE FIXATED ABOVE THE "WINDOW" 16:11 05.07.2017 The price fixated above the "Window", so we've got bullish patterns like a "High Wave" and a "Hammer". Under this circumstances, bulls are likely going to continue pushing the pair even higher. There's a "Shooting Star", which has...