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EUR/USD: BULLISH "HIGH WAVE" 16:09 05.07.2017 The price is still declining, so the last "Three Methods" pattern is still on the table. Also, there isn't any reversal model so far. In this case, the market is likely going to continue moving down towards the lower "Window". We've got a...

IRON ORE MARKET DYNAMICS MAY HURT AUSSIE 13:36 05.07.2017 Aussie dropped to 0.7595 in the recent session from the Monday’s opening price of 0.7680. The Reserve Bank of Australia released a neutral statement on Tuesday without even a partly hawkish tilt the market participants waited since the...

EUR/USD: DEVELOPING WAVE (III) 13:35 05.07.2017 There's a pullback from 3/8 MM Level, so the price is declining in wave . The main intraday target is 0/8 MM Level, which could be a departure point for an upward correction. Wave (ii) may have been finished, so there's a developing wave...

GOLD MARKET OVERVIEW 11:44 05.07.2017 Gold prices dropped sharply this Monday to $1218 (the lowest level in 2 months). The relative strength of the USD and stronger equities and higher yields kept traders away from precious metal. The rally in equities and yields has started last week...

GBP/USD: "DOUBLE TOP" PATTERN 11:04 05.07.2017 The pound is consolidating along support at 1.2926. Also, there's a "Double Top" pattern, which has been confirmed. In this case, the market is likely going to decline towards the nearest support at 1.2887 - 1.2860. At the same time, if a...

EUR/USD: "V-TOP" PATTERN 11:00 05.07.2017 The consolidating between the levels 1.1365 - 1.1340. Also, we've got a "V-Top" pattern, so the market is likely going to decline towards the nearest support at 1.1307 - 1.1287. If a pullback from this area happens, there'll be an option to have an...

EUR/JPY: BULLS ARE GOING TO ATTACK ONCE AGAIN 10:00 05.07.2017 On the EUR/JPY daily chart, there is an uptrend. Bulls failed to test the resistance at 128.9 (61.8% from the XA wave of the Bat pattern). A successful retest will increase the risks for the realization of the targets in junior and...

AUD/NZD: BULLS BREAK WEDGES 09:59 05.07.2017 On the AUD/NZD daily chart, there is a rollback towards 61.8% from the wave 4—5 of the Expanding Wedge pattern. The failure of the Bears to keep quotes below the convergence zone 1.0507 – 10512 will tell us about their weakness and might lead to the...

AUD/USD: AUSSIE SUPPORTED BY CLOUD 09:05 05.07.2017 Technical levels: support – 0.7600; resistance – 0.7650, 0.7690. Trade recommendations: Buy — 0.7620; SL — 0.7600; TP1 — 0.7690; TP2 — 0.7730. Reason: narrow bullish Ichimoku Cloud with rising Senkou Span B; a dead cross of Tenkan-sen and...

EUR/USD: EURO IN CORRECTION TO CLOUD 09:04 05.07.2017 Technical levels: support – 1.1315; resistance – 1.1390. Trade recommendations: Buy — 1.1320; SL — 1.1300; TP1 — 1.1390; TP2 – 1.1430. Reason: bullish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and...

MORNING BRIEF FOR JULY 5 08:44 05.07.2017 It has not been a big session if we refer to the price actions. As the US markets were closed yesterday for the Independence Day holiday, today’s and overnight’s liquidity was thinner than normal elsewhere. The largest moves were registered in AUD/USD...

USD/JPY: BULLISH "ENGULFING" PATTERN 15:08 04.07.2017 The price fixated above the "Window", so there's a bullish "High Wave" pattern, which hasn't been confirmed yet. In this case, the pair is likely going to continue moving up towards the nearest resistance. We've got a bullish...

EUR/USD: BEARS GOING TO TEST 89 MA 15:04 04.07.2017 There are two bearish "Three Methods" patterns in a row. In this case, the market is likely going to decline towards the lower "Window", which could be a departure point for another upward price movement. We don't have any reversal...

BITCOIN: IS THERE A BUBBLE? 14:03 04.07.2017 Bitcoin hovered to $3000 in recent weeks more than doubling its value since the beginning of this year. Anyone smart or lucky enough to have bought a pile of these coins in July 2010, when the price stood steadily at $0.05, would now have earned a...

EUR/USD: PRICE DECLINING IN WAVE 13:30 04.07.2017 The price is still declining in wave . Previously, wave [v] of C has been ended near 7/8 MM Level. So, the market is likely going to continue moving down towards 4/8 MM Level. There's a bearish impulse, which could be wave (i), so bulls...

EUR/USD: PRICE DECLINING IN WAVE 13:30 04.07.2017 The price is still declining in wave . Previously, wave [v] of C has been ended near 7/8 MM Level. So, the market is likely going to continue moving down towards 4/8 MM Level. There's a bearish impulse, which could be wave (i), so bulls...

THE MISSING FACTOR IN YOUR FUNDAMENTAL ANALYSIS 12:02 04.07.2017 In this article we will tell about one of the most significant fundamental factors the traders sometimes overlook while analyzing the currency’s movement. This is a country’s foreign exchange reserves. Then, we will talk about the...

GBP/USD: CONFIRMED "DOUBLE TOP" 11:42 04.07.2017 There's a "Double Top", which has been confirmed, so bears found support at 1.2926. Therefore, the pair is likely going to decline in the direction of the nearest support at 1.2887. However, if a pullback from this level happens, bulls will...

EUR/USD: "V-TOP" PATTERN 11:31 04.07.2017 We've got a "V-Top" pattern, so the price reached support at 1.1340. Meanwhile, the market is likely going to continue moving down towards the next support at 1.1307 in the short term. If a pullback from this level happens, there'll be an opportunity...

AUD/USD: AUSSIE PREPARES FOR TRANSFORMATION 09:52 04.07.2017 On the AUD/USD daily chart, there was a rollback after target 88.6% of the Bat pattern had been hit. The Bear’s failure to test the support at 0.7635 tells us about their weakness. Update of the June high may lead to the...