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EUR/USD: BULLISH "INVERTED HAMMER" 12:31 09.06.2017 The bearish correction is still developing, so there isn't any bullish pattern so far. In this case, the market is likely going to continue declining towards the nearest "Window". We've got an "Inverted Hammer" at the last low, but...

GBP/USD: PLUNGED LIKE A STONE 09:08 09.06.2017 The last upward "Wedge" has been broken, so the pair plunged like a stone. Finally, bears meet with support at 1.2634, so we could have an upward correction towards the closest resistance at 1.2768, which could be a departure point for another...

GBP/USD: OUTLOOK FOR JUNE 12-16 09:05 09.06.2017 The pound slumped to 1.2635 after the Conservative lost its parliamentary majority in a general election, throwing the UK into political turmoil and potentially disrupting Brexit negotiations. Before the election, the UK was set to start...

EUR/USD: "TRIPLE TOP" PUSHED PRICE LOWER 09:05 09.06.2017 We've got a "Triple Top", which has been confirmed, so the price is consolidating between the 34 & 55 Moving Averages. Therefore, bears are likely going to test the nearest support at 1.1160 - 1.1108 in the short term. If we see a...

EUR/JPY: BEARS REQUIRE THE DEVELOPMENT OF THE CORRECTION 06:25 09.06.2017 Recommendation: SELL 123,2 SL 123,75 TP 121. On the EUR/JPY daily chart, target 113% of the inverted "Shark" pattern has been implemented. As a result, the risks for the development of the correction towards 38.2% and...

GOLD FAILED TO FIND HAPPINESS IN THE NORTH 06:22 09.06.2017 Recommendation: SELL $1270 SL $1285 TP $1240. On the daily chart of gold, the bulls failed to hold the quotes above the important level of $1280. As a result, there is a risk of the correction towards the convergence zone $1250-1256...

USD/JPY: DOLLAR CORRECTED TO KIJUN-SEN 06:21 09.06.2017 Technical levels: support – 109.90; resistance – 110.40. Trade recommendations: Sell — 109.80; SL — 110.00; TP1 — 108.70; TP2 — 108.30. Reason: expanding bearish Ichimoku Cloud, falling Senkou Span A; a dead cross of Tenkan-sen and...

AUD/USD: AUSSIE UNDER MAIN RESISTANCE 06:20 09.06.2017 Technical levels: support – 0.7520; resistance – 0.7540. Trade recommendations: Sell — 0.7510; SL — 0.7530; TP1 — 0.7470; TP2 — 0.7420. Reason: bullish Ichimoku Cloud, rising Senkou Span A and B; a golden cross of Tenkan-sen and...

MORNING BRIEF FOR JUNE 9 05:55 09.06.2017 Seven weeks ago, prime minister Theresa May called the snap election seeking a stronger mandate in talks over leaving the European Union. Today, while writing this brief, I can hear the Rolling Stones singing in chorus to her “You can always get what...

NZD/USD REACHED BUY TARGET 0.7200 17:28 08.06.2017 NZD/USD reached buy target 0.7200 Next buy target - 0.7250 NZD/USD continues to rise after the earlier breakout of the resistance level 0.7200 (which was set as the buy target in our previous forecast for this currency pair). The breakout of...

EUR/USD REACHED BUY TARGET 1.1270 17:27 08.06.2017 EUR/USD reached buy target 1.1270 Next sell target - 1.1160 EUR/USD recently reversed down from the powerful, long-term resistance level 1.1270 (which reversed the pair sharply in November and May and which was set as the buy target in our...

EUR/USD: NEW HIGH COMING SOON 15:41 08.06.2017 There's a developing diagonal triangle in wave (v) of [c], which is taking place on the four-hours chart. The main intraday target is 5/8 MM Level, which could act as resistance. If so, there'll be an opportunity to have a bearish price movement...

HIGHLIGHTS OF THE ECB MEETING AND PRESS CONFERENCE. 12:53 08.06.2017 The European Central Banks left its key interest rates. The Council decided to remain the rates at the present levels for an extended period of time, and well past the horizon of the net asset purchase. The asset purchase...

USD/JPY: BULLISH "THREE METHODS" 11:48 08.06.2017 There's an "Inverted Hammer", which has confirmation. Also, we've got bullish "Three Methods", so the market is likely going to test the nearest resistance. If we see any bearish pattern on this level, there'll be an opportunity to have a...

EUR/USD: "TWEEZERS" PATTERN 11:45 08.06.2017 We've got a "Tweezers" pattern, which has been confirmed. So, bears are likely going to test the 34 Moving Average line, which could be a departure point for another bullish price movement The 144 Moving Average has acted as support, but there's...

GBP/USD: "FLAG" PUSHING PRICE HIGHER 08:05 08.06.2017 Bulls faced resistance at 1.2964, so the price is consolidating. Meanwhile, we've got a "Flag" pattern, the market is likely going to achieve the nearest resistance at 1.2988 - 1.2995. However, if we see a pullback from this area, there'll...

EUR/USD: BULLISH "RECTANGLE" 08:00 08.06.2017 The price has been consolidating under resistance at 1.1287. The 34 Moving Average is acting as support, so the pair is likely going to test the nearest resistance at 1.1307 - 1.1325. If a pullback from this area happens, there'll be an...

USD/JPY: BEARS SHOWED THEIR WEAKNESS 06:42 08.06.2017 Recommendation: BUY 110,6 SL 110,05 TP1 112,1 TP2 113,8. On the USD/JPY daily chart, the Bears' failure to move below support at 109.35 (78.6% of the last corrective wave) was a signal of their weakness. To launch a counterattack, the...

NZD/USD: KIWI IS POISED TO FALL LOWER 06:39 08.06.2017 On the NZD/USD daily chart, a workout of the triangle with its lower border acting as a solid resistance allowed the quotes to approach 113% and 161.8% targets of the Crab and AB = CD patterns. A break of the convergence zone 0.6745-0.6785...

MORNING BRIEF FOR JUNE 8 06:14 08.06.2017 Currency ranges in Tokyo morning were subdued as traders take a time out ahead of an onslaught of major events today including a general snap election in the UK, an ECB monetary policy meeting, and testimony by James Comey, the former FBI director. The...