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EUR/USD: WAVE IV OF (I) GOING TO END SOON 10:12 13.06.2017 There's a diagonal triangle in wave (v) of [c], so wave 2 may have been ended. In this case, we're likely going to have wave (i) in the coming hours. In this case, we should keep an eye on 3/8 MM Level as the nearest bearish target...

USD/CHF: FRANC WAS CAUGHT BY THE DRAGON 07:42 13.06.2017 Recommendation: BUY 0.9725 SL 0.9670 TP1 0.9915, TP2 1.0000. On the daily chart, bulls managed to return the pair inside the previous descending channel. As a result, the risks of correction to the current bearish trend increased...

EUR/USD: SHARK FRIGHTENED THE EURO 07:18 13.06.2017 Recommendation: SELL 1.1170, SL 1.1225, TP1 1.1095, TP2 1.1000. On the daily EUR/USD chart, the risks of correction of the medium-term uptrend increase. Successful test of support at 1.1700 with the following decline to 1.1100-1.1130 will...

GBP/USD: "THORN" ACTED AS SUPPORT 06:57 13.06.2017 The last "Thorn" pattern has acted as support, so the price is consolidating. Nevertheless, the local low is likely going to be broken, so we should keep an eye on the nearest support at 1.2634 - 1.2581 as an intraday target. If a pullback...

EUR/USD: CONSOLIDATION ABOVE THE "WEDGE" 06:52 13.06.2017 The price is still consolidating above the "Wedge" pattern's lower side. However, the pair is likely going to continue falling down towards the nearest support at 1.1165 - 1.1108. If we see a pullback from this area, there'll be an...

GBP/USD: POUND IS OVERSOLD 04:51 13.06.2017 Technical levels: support – 1.2630; resistance – 1.2700, 1.2740. Trade recommendations: Buy — 1.2630; SL — 1.2610; TP1 — 1.2700; TP2 — 1.2740. Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A; a new dead cross of Tenkan-sen and...

EUR/USD: EURO FALLING INTO CLOUD 04:50 13.06.2017 Technical levels: support – 1.1190; resistance – 1.1240. Trade recommendations: Buy — 1.1200; SL — 1.1180; TP1 — 1.1260; TP2 – 1.1300. Reason: narrowing bullish Ichimoku Cloud, rising Senkou Span B; a dead cross of Tenkan-sen and Kijun-sen...

GBP/USD BROKE SUPPORT ZONE 18:11 12.06.2017 GBP/USD broke support zone Next sell target - 1.2400 GBP/USD continues to fall after the earlier breakout of the support zone lying between the support level 1.2750 (which reversed earlier waves (iv) and 1, as can be seen from the daily GBP/USD chart...

EUR/GBP REACHED BUY TARGET 0.8800 18:10 12.06.2017 EUR/GBP reached buy target 0.8800 Next buy target - 0.8950 EUR/GBP today broke above the key resistance level 0.8800 (which was set as the buy target in our previous forecast for this currency pair). The breakout of the resistance level 0.8800...

EUR/USD: BEARISH IMPULSE 14:08 12.06.2017 An impulse in wave [c] of 2 may have been ended, so the price found a lodgement under 4/8 MM Level. In this case, there's an opportunity to have a bearish impulse in wave (i). We've got a pullback from 8/8 MM Level, so wave iv ended on the one-hour...

FOREX MAJORS: OUTLOOK FOR JUNE 12-16 12:34 12.06.2017 The US dollar index recovered last week from 96.45 (the lowest point since November 2016) to the levels above 97.00. The Federal Reserve is expected to raise the federal funds rate on Wednesday, June 14. The 25-basis-point rate hike is...

USD/JPY: "SHOOTING STAR" AND "HARAMI" 12:21 12.06.2017 The price is still declining. Moreover, there're a "Shooting Star" and a "Harami", which both have been confirmed. Therefore, bears are likely going to test the last low in the short term. There isn't any bullish pattern so far, which...

EUR/USD: "INVERTED HAMMER" ON THE 55 MA 12:18 12.06.2017 We've got an "Inverted Hammer" on the 55 Moving Average. Considering confirmation of this pattern, the market is likely going to test the upper "Window" in the coming hours. If a pullback from this level happens, there'll be an...

GBP/USD: BULLISH "THORN" 08:31 12.06.2017 We've got a bullish "Thorn", so the price is consolidating. In this case, we should keep an eye on the nearest support at 1.2705 as an intraday target. If a pullback from this level happens, bulls will probably try to test the next resistance at...

EUR/USD: "RISING WEDGE" 08:28 12.06.2017 We've got a "Rising Wedge", so the price formed a pullback from the 55 Moving Average, which led to the current consolidation under the 34 Moving Average. Therefore, the pair is likely going to test the nearest resistance at 1.1249 - 1.1267 in the...

EUR/USD: BULLS HAVE BUILT FORTRESSES 07:08 12.06.2017 On the daily EUR/USD chart bears failed to break support at 1.1170 from the first attempt. At this level and in the 1.1100-1.1130 bulls constructed powerful fortresses. The trend remains bullish as long as the pair stays above 1.08. The odds...

USD/CAD: BEARS PREPARE AN ATTACK 07:05 12.06.2017 On the daily USD/CAD chart bulls and bears are fighting for an important area of 1.3435-1.3505. Bulls’ victory will allow them to count on the resumption of the medium-term uptrend. On the other hand, if bears win, the odds of Wolfe Waves...

CAD/JPY REVERSED FROM SUPPORT ZONE 16:46 09.06.2017 CAD/JPY reversed from support zone Next buy target - 83.70 CAD/JPY continues to rise after the earlier upward reversal from the support zone lying between the powerful support level 80.80 (which reversed the price with the daily hammer in the...

GBP/CHF REVERSED FROM RESISTANCE ZONE 16:42 09.06.2017 GBP/CHF reversed from resistance zone Next sell target - 1.2220. GBP/CHF recently reversed down from the resistance zone lying at the intersection of the resistance level 1.1250 (former support level, which was set as the sell target in our...

USD/JPY: "THREE METHODS" PATTERN 12:33 09.06.2017 The price has been rising since we had an "Inverted Hammer" at the last low. So, the pair is likely going to test the nearest resistance by the middle of the last huge bearish candle. If a pullback from this level happens, there'll be an...