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EUR/USD: DEVELOPING WAVE (II) 17:09 26.06.2017 There's developing wave (ii), which is taking place under 4/8 MM Level. Previously, we've got a triangle in wave (iv). If a pullback from 4/8 MM Level happens afterwards, bears are likely going to deliver wave (iii). As you can see on the...

USD/JPY: "WINDOW" ACTED AS SUPPORT FOR THE SECOND TIME 14:58 26.06.2017 The 21 Moving Average has acted as support, so we've got a "Tweezers" and a "Hammer", which all have been confirmed. In this case, the pair is likely going to test the nearest resistance level. If any bearish pattern...

EUR/USD: BEARISH "HIGH WAVE" AND "ENGULFING" 14:55 26.06.2017 The price tested the nearest resistance once again, so we've got a bearish "Tweezers" on this level. Considering a confirmation of this pattern, bears are likely going to test the 89 Moving Average in the short term. If a pullback...

GBP/USD: RESISTANCE WAITING FOR BULLS 10:46 26.06.2017 The price found resistance at 1.2757, but bulls are likely going to reach the next resistance at 1.2817 in the short term. Meanwhile, if a pullback from this level arrives afterwards, there'll be an option to have a local decline in the...

EUR/USD: BULLISH "PENNANT" 10:43 26.06.2017 The price is consolidating above the 55 Moving Average. Therefore, the market is likely going to reach the nearest resistance at 1.1204 - 1.1232 in the short term. If a pullback from this area happens, there'll be an opportunity to have a decline...

GBP/USD: POUND RESTORES THE TREND 10:01 26.06.2017 On the GBP/USD daily chart, there is a realization of the Wolfe Waves pattern. The breakout of the diagonal resistance will be a signal for the start of the rally towards $ 1,305. A prerequisite for the implementation of the target is the...

NZD / USD: KIWI SETS NEW TARGETS 09:58 26.06.2017 Recommendation: BUY 0,7297 SL 0,7242 TP 0,7445. On the NZD/USD daily chart, the correction has finished at the level 23,5% of the CD wave of the Shark patter. This is a signal of the bulls’ strength. If they manage to update June high, the...

GBP/USD: POUND IS UNDER CLOUD’S RESISTANCE 09:42 26.06.2017 Technical levels: support – 1.2670; resistance – 1.2765. Trade recommendations: Sell — 1.2740; SL — 1.2460; TP1 — 1.2670; TP2 — 1.2630. Reason: narrowing bearish Ichimoku Cloud; rising Senkou Span A; a golden cross of Tenkan-sen and...

EUR/USD: EURO BOUNCED FROM SENKOU SPAN B 09:41 26.06.2017 Technical levels: support – 1.1150; resistance – 1.1200. Trade recommendations: Sell — 1.1180/90; SL — 1.1210; TP1 — 1.1150; TP2 – 1.1110. Reason: narrow bearish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of...

MORNING BRIEF FOR JUNE 26 09:32 26.06.2017 In the absence of the news catalysts over the weekend, the market moves were subdued in Asia today. In the early hours of the session, the focus was on the Bank of Japan's summary of opinion - the info from the last bank's meeting. It did the i's and...

AUD/USD APPROACHES A POSSIBLE BUY ZONE BETWEEN 0.7500 AND 0.7460 01:32 26.06.2017 AUD/USD is starting to retrace from June 14th highs and it’s now heading to a key demand zone established by the 50% Fibonacci retracement level, given that it reached an extreme zone in the upside which coincides...

CAD/JPY REVERSED SUPPORT ZONE 20:35 23.06.2017 CAD/JPY reversed support zone Next buy target - 85.00 CHF/JPY continues to rise inside the minor impulse wave 3, which started earlier from the support area lying between the key support level 113.00 (previous sell target), lower daily Bollinger...

EUR/USD REVERSED FROM SUPPORT AREA 19:26 23.06.2017 EUR/USD reversed from support area Next buy target - 1.1270 EUR/USD recently reversed up from the support area lying between the support levels 1.1160 (which was set as the sell target in our previous forecast for this currency pair) and...

EUR/USD: BEARS GOING TO DELIVER ANOTHER IMPULSE 14:11 23.06.2017 The price is still consolidating under 4/8 MM Level. The main target for wave (i) is 3/8 MM Level, which could be a departure point for wave (ii). Anyway, bears are likely going to deliver wave (iii) afterwards. There's a...

USD/JPY: "TWEEZERS" AND "HAMMER" ON THE TABLE 14:06 23.06.2017 The last "Tweezers" and "Hammer" are still on the table. However, the 55 Moving Average could act as support once again. If so, bulls are likely going to deliver a new local high. We've got a bearish "Tweezers", which has been...

EUR/USD: "SHOOTING STAR" ON MOVING AVERAGE 14:02 23.06.2017 The lower "Window" acted as support once again. However, we've got a "Shooting Star" on the 55 Moving Average. So, the market is likely going to test the nearest support. We've got a "Shooting Star" on the 144 Moving Average...

EUR/USD: EURO RESISTS CORRECTION 10:48 23.06.2017 Recommendation BUY 1.1175 SL 1.112 TP1 1.1235 TP2 1.1285 On the daily chart, EUR/USD is undergoing short-term consolidation in the 1.1110-1.1180 area. Bears try to return inside the previous rising channel. If they fail, risks of the...

USD/CHF: BULLS SHOWED WEAKNESS 10:41 23.06.2017 Recommendation BUY 0.9770 SL 0.9715 TP 0.9925 On the daily chart, bulls didn’t manage to push USD/CHF above resistance at 0.9770 and this is the sign of their weakness. A successful test of the diagonal support in the form of the lower border...

GBP/USD: PRICE NEAR THE LAST HIGH 10:38 23.06.2017 There's a consolidation, which is taking place below resistance at 1.2705. So, the pair is likely going to achieve the 34 Moving Average in the short term. If we have a pullback from this line, bears will have a green light to reach the...

EUR/USD: MARKET GOING TO REACH NEXT RESISTANCE 10:20 23.06.2017 The price is consolidating near the 55 Moving Average. It seems like bulls are going to test the 34 MA, which could be a departure point for a decline towards the nearest support at 1.1108. Bulls faced resistance at 1.1165...