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EUR/USD: DEVELOPING WAVE (I) 14:31 15.06.2017 The price hasn't fixed above 4/8 MM Level, so wave [c] of 2 may have been ended. Therefore, there's developing wave (i). If we have a pullback from 3/8 MM Level, bulls are likely going to deliver wave (ii). 6/8 MM Level has acted as resistance...

HIGHLIGHTS OF THE BANK OF ENGLAND'S MEETING 12:09 15.06.2017 The Bank of England published its latest views on interest rates and monetary policy setting earlier today. Bank rate was held at 0.25%, government bond purchases at £435bn and corporate bond purchases at £10bn. No changes from its...

USD/JPY: CONSOLIDATION ALONG THE 34 MA 11:44 15.06.2017 We've got a bullish "Engulfing", so the market is likely going to test the nearest resistance. If a pullback from this level happens, there'll be an opportunity to have another decline. The price is consolidating along the 34 Moving...

EUR/USD: CONFIRMED "SHOOTING STAR" 11:42 15.06.2017 We've got a "Shooting Star", which has been confirmed. Also, there isn't any reversal pattern so far, which means all the last candles are bearish. Therefore, the 89 Moving Average is likely going to be tested once again There's a bullish...

POST-FOMC NEWS BRIEF FOR JUNE 15 08:15 15.06.2017 The Fed’s policymakers agreed to raise their benchmark lending rate, projected additional hike in 2017 and revealed their plans on how they intend to shrink their $4.5. trillion balance sheet this year. The Fed’s decision was overshadowed by...

GBP/USD: BEARISH "FLAG" 08:00 15.06.2017 The 34 Moving Average has acted as resistance, so there's a "V-Top" pattern, which has confirmation. In this case, the pair is likely going to test the next support at 1.2705 - 1.2678. However, if a pullback from this area happens, there'll be a green...

EUR/USD: DEVELOPING "RISING WEDGE" 07:56 15.06.2017 The price is consolidating above the lower side of the developing "Rising Wedge". So, bears are likely going to reach the nearest support at 1.1204 - 1.1165 in the short term. If we see a pullback from this area, there'll be an opportunity...

USD/JPY: YEN WANTS TO BE SET FREE 06:50 15.06.2017 Recommendations: BUY 110,25 SL 109,7 TP1 111,5 TP2 113,2. On the USD/JPY daily chart, a bar with a long shadow was formed. The Bears will try to break the diagonal resistance in the form of the upper boundary of the downward trading channel...

GOLD NEEDS THE CORRECTION 06:41 15.06.2017 Recommendations: SELL $1260 SL $1280 TP1 $1230 TP2 $1220. On the daily chart of gold, the formation of a double top and the inability of the "Bulls" to test the resistance at $1,280 tell us about weakness. A successful test of the convergence area...

USD/JPY: BEARS MADE A NEW LOWS 05:18 15.06.2017 Technical levels: support – 108.70; resistance – 109.70/90. Trade recommendations: Sell — 109.60; SL — 109.80; TP1 — 108.70; TP2 — 108.30. Reason: expanding bearish Ichimoku Cloud, falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen...

EUR/USD: EURO SUPPORTED BY CLOUD 05:17 15.06.2017 Technical levels: support – 1.1210; resistance – 1.1300. Trade recommendations: Buy — 1.1230; SL — 1.1210; TP1 — 1.1300; TP2 – 1.1340. Reason: expanding bullish Ichimoku Cloud, rising Senkou Span a; a golden cross of Tenkan-sen and Kijun-sen...

USD/JPY: "WINDOW" ACTING AS SUPPORT 10:47 14.06.2017 The "Window" is acting as support, so we've got a bullish "Harami", which has been confirmed. Therefore, the market is likely going to test the closest resistance once again. If a pullback from this level happens, there'll be an opportunity...

EUR/USD: "HIGH WAVE" AT THE LOCAL LOW 10:43 14.06.2017 The price has been consolidating since the last "Inverted Hammer" formed. However, we've got a "High Wave" at the local low. Considering confirmation of this pattern, the market is likely going to test the nearest resistance, which could...

GBP/USD: "DOUBLE BOTTOM" CONFIRMED BY "FLAG" 09:21 14.06.2017 We've got a "Double Bottom", which has been confirmed. Bulls faced resistance at 1.2793, but the market is likely going to rise even higher, so we should keep an eye on the next resistance at 1.2830 - 1.2845 as an intraday target...

EUR/USD: CONSOLIDATION RIGHT ABOVE THE "WEDGE" 09:16 14.06.2017 The price is still consolidating right above the "Wedge" pattern's lower side. So, the market is likely going to test the nearest resistance at 1.1232 - 1.1249 in the short term. If we see a pullback from this area, there'll be...

GBP/USD: DECISION TIME FOR THE POUND 07:11 14.06.2017 On the daily chart, GBP/USD broke down through the lower border of the rising trend channel. The return above resistance at 1.2770 will strengthen the possibility of the pound increase to 1.2900. On the other hand, decline below 1.2640 will...

EUR/CAD APPROACHED SUPPORT LEVEL 1.4830 17:41 13.06.2017 EUR/CAD approached support level 1.4830 Next sell target - 1.4600 EUR/CAD continues to fall sharply after the recent breakout of the round support level 1.5000 (which reversed earlier wave 4 and which was set as the sell target in our...

USD/CAD BROKE PIVOTAL SUPPORT LEVEL 1.3260 17:40 13.06.2017 USD/CAD broke pivotal support level 1.3260 Next sell target - 1.3150 USD/CAD has been falling sharply in the last few trading sessions inside the C-wave of the minor ABC correction 2 from the start of May. The price earlier broke the...

USD/JPY: BULLISH "HARAMI" 11:25 13.06.2017 There's a bullish "Harami", which has been confirmed enough. In this case, the market is likely going to test the closest resistance, which could be a departure point for a decline in the direction of the lower "Window". We've got a "Harami" on...

EUR/USD: YESTERDAY'S "WINDOW" GOING TO ACT AS SUPPORT 11:23 13.06.2017 There's a developing consolidation, but we've got a confirmed "Inverted Hammer" on the 55 Moving Average. So, the market is likely going to test the nearest resistance in the short term. If we see a pullback from this...