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USD/JPY: SUPPORT BY THE NEAREST "WINDOW" 12:16 19.06.2017 The last bullish "Engulfing" has been confirmed strongly, but we've got a bearish "Engulfing", which has a quite weak confirmation. So, the pair is likely going to test the 21 Moving Average in the short term. If a pullback from this...

EUR/USD: "TOWER" AND "HIGH WAVE" PATTERNS 12:14 19.06.2017 The last "Tower" and "High Wave" patterns led to the current upward price movement. It seems like the market is likely going to rise even higher in the short term. If any bearish pattern arrives afterwards, there'll be an opportunity...

EUR/USD: EURO RETURNED AGAIN TO SSA 05:34 19.06.2017 Technical levels: support – 1.1160; resistance – 1.1210. Trade recommendations: Buy — 1.1220; SL — 1.1200; TP1 — 1.1300; TP2 – 1.1340. Sell — 1.1180; SL — 1.1200; TP1 — 1.1080; TP2 – 1.1060 Reason: bearish Ichimoku Cloud, falling Senkou...

GBP/USD: RESISTANCE WAITING FOR BULLS 08:59 19.06.2017 The price is consolidating under the 34 Moving Average, so there's a possible developing "Rising Wedge" pattern. Under this circumstances, bears are likely going to test the nearest support at 1.2738 - 1.2705. If a pullback from this area...

EUR/USD: BEARS GOING TO TEST NEAREST SUPPORT 08:56 19.06.2017 We've got a "Double Bottom", so the price tested resistance at 1.1204. Therefore, bears are likely going to test the nearest support at 1.1131 - 1.1108 in the short term. If a pullback from this area happens, there'll be an...

USD/CHF: FRANC PLAYS WITH THE PATTERNS 06:28 19.06.2017 Recommendation: BUY 0,977 SL 0,9715 TP1 0,993 TP2 1,005. On the USD/CHF daily chart, the realization of the inverted Shark pattern continues. The growth of quotes above high (0.9765) of the internal bar may lead to the continuation of the...

EUR/USD: ?URO TESTED THE BORDERS OF CONSOLIDATION RANGE 06:25 19.06.2017 Recommendation: SELL 1,117 SL 1,1225 TP1 1,11 TP2 1,1025. On the EUR/USD daily chart, neither bulls nor bears managed to force the quotes out of the consolidation range 1.117-1.129. The retest of its upper or lower...

MORNING BRIEF FOR JUNE 19 05:59 19.06.2017 USD/JPY is trading a little bit higher this morning at 110.95 as we got a surprise trade deficit from Japan. The current move is a part of a consolidation phase. The pair will likely trade sideways between the wide range of 110.3 – 111.10. Political...

GBP/USD: BULLS ENTERED INTO CLOUD 05:35 19.06.2017 Technical levels: support – 1.2750, 1.2660; resistance – 1.2805, 1.2840. Trade recommendations: Buy — 1.2780; SL — 1.2760; TP1 — 1.2840; TP2 — 1.2900. Sell — 1.2750; SL — 1.2770; TP1 — 1.2660; TP2 — 1.2610. Reason: narrowing bearish Ichimoku...

EUR/USD: PULLBACK FROM 1/8 MM LEVEL 15:19 16.06.2017 A bullish impulse in wave [c] of 2 may have been formed. Also, there's a small bearish impulse in wave (i). In this case, we're likely going to have another decline in wave (iii) in the coming hours. We've got a pullback from 1/8 MM...

USD/JPY: "THREE METHODS" PATTERN 12:05 16.06.2017 We've got a bullish "Engulfing", which has been confirmed. Also, there isn't any reversal pattern so far, which means the pair is likely going to continue moving up in the short term. There's a "Three Methods" pattern, so bulls have broken...

EUR/USD: "TOWER" AND "HIGH WAVE" 12:01 16.06.2017 We've got a "Tower" and a "High Wave", but both patterns haven't been confirmed yet. So, the price is likely going to test the nearest resistance. If a pullback from this level happens, there'll be an opportunity to have another decline...

GBP/USD: OUTLOOK FOR JUNE 19 -23 08:42 16.06.2017 The British pound gained as more members of the Bank of England monetary policy committee voted for the rate increase. The BOE decided to maintain its monetary policy settings but at 5-3 vote. Three dissenters advocating rate hike became...

GBP/USD: CONSOLIDATION ALONG THE MA 07:37 16.06.2017 There's a developing "Rising Wedge", so the price faced resistance on the 34 Moving Average. In this case, the pair is likely going to decline towards support at 1.2738 - 1.2705. At the same time, if we see a pullback from these levels...

EUR/USD: DEVELOPING "FLAG" PATTERN 07:29 16.06.2017 Bears have broken the "Rising Wedge" and the last upward trendline. Also, there's a possible "Flag" pattern, so the market is likely going to decline towards the nearest support at 1.1108. If a pullback from this level happens, there'll be...

AUD/USD: THE BULLS WILL BE GIVEN A THIRD ATTEMPT 06:25 16.06.2017 Recommendation: BUY 0,7625 SL 0,757 TP1 0,771 TP2 0,78. On the AUD/USD daily chart, the implementation of the inverted Bat pattern continues. Its target 88.6% is located near 0.771. Bulls twice tried to test the resistance at...

USD/CAD: LOONIES BREAKS THE TREND 06:24 16.06.2017 Recommendation: SELL 1,3185 SL 1,324 TP1 1,3 TP2 1,2875. On the USD/CAD daily chart, the realization of the Wolfe Waves pattern continues. Its target is located near the 1.3 mark. The Bears' attempt to push quotes beyond the long-term upward...

MORNING BRIEF FOR JUNE 16 05:57 16.06.2017 The Bank of Japan was in the spotlight in the Asian session. Traders were waiting for its rate decision. The BOJ left its monetary policy settings unchanged having pledged to continue pouring stimulus into the economy and striving to reach their 2%...

AUD/USD: AUSSIE SUPPORTED BY TENKAN AND KIJUN 05:02 16.06.2017 Technical levels: support – 0.7580; resistance – 0.7620, 7670 Trade recommendations: Buy — 0.7600; SL — 0.7580; TP1 — 0.7670; TP2 — 0.7700. Reason: expanding bullish Ichimoku Cloud, rising Senkou Span A and B; a golden cross of...

GBP/USD: POUND WILL TEST CLOUD AGAIN 05:00 16.06.2017 Technical levels: support – 1.2750, 1.2660; resistance – 1.2805, 1.2840. Trade recommendations: Buy — 1.2780; SL — 1.2760; TP1 — 1.2840; TP2 — 1.2900. Sell — 1.2750; SL — 1.2770; TP1 — 1.2660; TP2 — 1.2610. Reason: expanding bearish...