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GBP/USD: BEARS HOLD THE LINE 06:13 19.05.2017 Recommendations: SELL 1,297 SL 1,3025 TP1 1,286 TP2 1,278, SELL 1,299 SL 1,3035 TP1 1,286 TP2 1,278. On the GBP/USD daily chart, quotes are moving within the borders of the upward trading channel. A break of its lower border might lead to the return...

GOLD: BEARS CAME UP WITH SHARK 06:11 19.05.2017 Recommendation: BUY $1265 SL $1245 TP $1320. On the daily chart of gold, the bulls make desperate attempts to return to the borders of the rising trading channel. If they succeed, it will lead to the continuation of the rally. A signal will be a...

MORNING BRIEF FOR MAY 19 05:48 19.05.2017 Strong economic indicators from the US lifted the dollar overnight. US initial for unemployment claims fell to 232K vs estimate of 240K. The Philadelphia Fed business outlook index for May came much higher at 38.8 vs previous 18.5. The Political news...

USD/JPY: SSB IS UNDER ATTACK 05:14 19.05.2017 Technical levels: support – 111.00, 110.15; resistance – 111.70. Trade recommendations: Sell — 111.70; SL — 111.90; TP1 — 111.00; TP2 — 110.15. Buy — 111.20; SL — 111.00; TP1 — 111.70. Reason: neutral Ichimoku Cloud, Senkou Span A and B have a same...

AUD/USD: AUSSIE BOUNCED FROM SSB 05:12 19.05.2017 Technical levels: support – 0.7370, 0.7400/10; resistance – 0.7450. Trade recommendations: Buy — 0.7430; SL — 0.7410; TP1 — 0.7470; TP2 — 0.7500. Sell — 0.7400; SL — 0.7420; TP1 — 0.7340; TP2 — 0.7310. Reason: narrowing bearish Ichimoku Cloud...

USD/JPY: BEARS STILL IN THE GAME 12:40 18.05.2017 There isn't any reversal pattern so far, which means the nearest support level is likely going to be tested once again. If any bullish pattern arrives later on, there'll be an opportunity to have an upward price movement towards the Moving...

EUR/USD: "EVENING STAR" AT THE LAST HIGH 12:37 18.05.2017 There's an "Evening Star", so the lower "Window" is likely going to act as support. However, bulls will probably try to test the last high once again firstly. We've got a "High Wave" at the local low, but a confirmation of this...

EUR/USD: PULLBACK FROM 7/8 MM LEVEL 10:59 18.05.2017 Bulls have gone through 7/8 MM Level, but the price came back to this line. So, if we see the market below 7/8 in the coming hours, there'll be an opportunity to have an impulse in wave (i). In this case, we should keep an eye on 6/8 MM...

EURO SOARED AMID WHITE HOUSE TURMOIL. WILL BE THERE A CONTINUATION OF THE RALLY? 08:53 18.05.2017 EUR/USD hit 1.1173 level overnight amid concerns over US President Donald Trump’s future following the reports that he tried to interfere with a federal investigation (that he obstructed justice)...

GBP/USD: BEARS GOING TO TEST NEAREST SUPPORT 06:33 18.05.2017 The price is consolidating along the 55 Moving Average. It's likely that the pair is going to test support at 1.2945 - 1.2913 in the short term. However, if we see a pullback from these levels, bulls will probably try to reach...

EUR/USD: "TRIPLE TOP" STOPPED BULLS 06:30 18.05.2017 Bulls have faced resistance at 1.1152, so we've got a "V-Top" pattern. Therefore, the price is likely going to decline towards the nearest support at 1.1122 - 1.1102. If a pullback from this area happens, there'll be an opportunity to have...

EUR/USD: EURO BROKE THE TREND 06:28 18.05.2017 On the EUR/USD daily chart, there is a change in the long-term downward trend. It became clear after quotes went outside the downward trading channel and increased the slope of the medium-term "bullish" trend. In the nearest future, the euro may...

NZD/USD: KIWI IS GAINING ITS STRENGTH 06:27 18.05.2017 Recommendation: BUY 0,695 SL 0,6895 TP 0,708. On the NZD/USD daily chart, bulls managed to return quotes to the upper boundary of the downward trading channel and to the lower boundary of the previously formed triangle. If the resistance...

MORNING BRIEF FOR MAY 18 06:10 18.05.2017 The US dollar was hurt and Treasury yields declined with allegations against Trump on the collusion between his election campaign and Russian entities. This came following the New York Times release of James Comey’s memo. It states that Trump pressured...

USD/CHF REACHED SELL TARGET 0.9870 16:09 17.05.2017 USD/CHF reached sell target 0.9870 Next sell target - 0.9750 USD/CHF recently broke through the support zone lying between the pivotal support level 0.9870 (previous sell target, which has been reversing the price from last January) and the...

EUR/USD REACHED BUY TARGET 1.1100 16:07 17.05.2017 EUR/USD reached buy target 1.1100 Next buy target - 1.1200 EUR/USD continues to rise after the earlier breakout of the resistance zone lying at the intersection of the resistance level 1.1100 (which was set as the buy target in out previous...

USD/JPY: BROKEN "WINDOW" AND BEARISH CANDLES 13:04 17.05.2017 Bears have broken the "Window", so the price achieved the 144 Moving Average. Therefore, this broken "Window" is likely going to act as resistance in the coming hours. If we see a pullback from this level, bears will try to push...

EUR/USD: NEW HIGH COMING SOON 12:58 17.05.2017 The market has been rising since the lower "Window" acted as support. However, there's a bearish "Engulfing", but this pattern hasn't been confirmed yet. So, the pair is likely going to test the next resistance level in the short term. If any...

EUR/USD: PRICE TESTING 7/8 MM LEVEL 12:22 17.05.2017 The price is testing 7/8 MM Level, so wave 2 is about to end. If we see a pullback from this level, there'll be an opportunity to have an impulse in wave (i). In this case, the nearest bearish target will be 6/8 MM Level. There's a...

XAU/USD NEAR-TERM OUTLOOK 10:32 17.05.2017 The bullion rose to $1245 as Trump-related news sparked safe-haven demand. Gold has started its upsurge last week following Trump’s firing of FBI director James Comey. On Monday, Trump was accused of disclosing the US highly classified intelligence...