Search results

GBP/USD: POUND IS APPROACHING RESISTANCE 04:59 08.06.2017 Technical levels: support – 1.2910; resistance – 1.2980. Trade recommendations: Sell — 1.2980; SL — 1.3000; TP1 — 1.2910; TP2 — 1.2870. Reason: narrow bullish Ichimoku Cloud and horizontal Senkou Span A and B; a golden cross of...

EUR/USD: ON SUPPORT OF TENKAN AND KIJUN 04:57 08.06.2017 Technical levels: support – 1.1250; resistance – 1.1360. Trade recommendations: Buy — 1.1250/60; SL — 1.1230; TP1 — 1.1340; TP2 – 1.1360. Reason: bullish Ichimoku Cloud, but the lines Senkou Span A and B are horizontal; a cancelled...

AUD/USD BROKE KEY RESISTANCE LEVEL 0.7510 17:01 07.06.2017 AUD/USD broke key resistance level 0.7510 Next buy target - 0.7670 AUD/USD continues to rise after the earlier breakout of the key resistance level 0.7510 (which stopped the earlier minor correction (a) in May, as can be seen below)...

NZD/CAD REACHED BUY TARGET 0.9630 17:00 07.06.2017 NZD/CAD reached buy target 0.9630 Next buy target - 0.9630 NZD/CAD continues to rise sharply – after the earlier breakout of the resistance level 0.9630 (which stopped the previous waves 1 and B and which was set as the buy target in our...

USD/JPY: "MORNING STAR" PUSHING PRICE HIGHER 12:53 07.06.2017 The price meet a support by the lower "Window", but we still don't have any reversal pattern so far. Therefore, bears are likely going to reach the next "Window" in the short term. We've got a "Morning Star", so there's a green...

EUR/USD: BEARISH "TWEEZERS" 12:50 07.06.2017 The upper "Window" has acted as resistance, so we've got a bearish "Tweezers", which has been confirmed. Therefore, the pair is likely going to test the 55 Moving Average, which could be a departure point for another bullish price movement. The...

GBP/USD: BULLS GOING TO DELIVER NEW LOCAL HIGH 09:51 07.06.2017 Bulls faced resistance at 1.2945, so the price is consolidating. However, the price is likely going to test the next resistance at 1.2945 - 1.2964 in the short term. If a pullback from this area happens, we should keep an eye on...

EUR/USD: BULLISH "PENNANT" 09:46 07.06.2017 The price has been consolidating under resistance at 1.1287. Also, we've got a "Pennant" pattern, so the pair is likely going to test the next resistance at 1.1307 - 1.1325. If a pullback from this area happens, there'll be an opportunity to have a...

DAILY OIL MARKET OVERVIEW 07:57 07.06.2017 The oil prices are higher at the time of writing. They managed to regain their strength that was undermined after OPEC meeting on May 25. The market participants expected deeper and longer cuts from OPEC market, but were disappointed with the meeting’s...

GBP/USD: POUND DREAMS OF REVENGE 06:11 07.06.2017 The GBP/USD daily chart, the transformation of the Shark pattern into 5-0 continues. If bulls fail to return to the borders of the upward trading channels. It will be a signal of their weakness and will allow us to sell the pound from the break...

MORNING BRIEF FOR JUNE 7 05:57 07.06.2017 There is lots of anxiety ahead of Thursday’s events. Nervous investors streamed into low-risk bonds and other safe-haven assets ruled by fears of Britain general election, the ECB policy meeting and James Comey’s testimony, all planned for Thursday...

USD/JPY: DOWNTREND CONTINUES 05:16 07.06.2017 Technical levels: support – 108.70; resistance – 109.90. Trade recommendations: Sell — 109.90; SL — 110.10; TP1 — 109.10; TP2 — 108.70. Reason: expanding bearish Ichimoku Cloud, falling Senkou Span A and B; a dead cross of Tenkan-sen and...

AUD/USD: AUSSIE UNDER MAY’S HIGHS 05:14 07.06.2017 Technical levels: support – 0.7510, 0.7480; resistance – 0.7550. Trade recommendations: Sell — 0.7550; SL — 0.7570; TP1 — 0.7510; TP2 — 0.7480. Reason: bullish Ichimoku Cloud, rising Senkou Span A and B; a golden cross of Tenkan-sen and...

EUR/NZD REACHED SELL TARGET 1.5700 15:41 06.06.2017 EUR/NZD reached sell target 1.5700 Next sell target - 1.5480 EUR/NZD continues to fall after the earlier breakout of the support level 1.5700 (previous sell target, which has been reversing the price from the start of May, as can be seen from...

GBP/NZD REACHED SELL TARGET 1.8000 15:39 06.06.2017 GBP/NZD reached sell target 1.8000 Next sell target - 1.7630 GBP/NZD today broke through the support zone lying between the round support level 1.8000 (which was set as the sell target in our previous forecast for this currency pair and...

EUR/USD: DEVELOPING IMPULSE 14:58 06.06.2017 There's a developing impulse in wave [c] of 2 with a diagonal triangle in wave (v). If a pullback from the upper side of this pattern happens, bears are likely going to test 3/8 MM Level. Wave iv of (v) may have been ended, so we could have a...

USD/JPY: LOCAL CORRECTION COMING SOON 13:05 06.06.2017 The price reached the nearest "Window", so there's an opportunity to have a bullish pattern. If so, the market is likely going to test the closest resistance, which could be a departure point for another decline. In this case, we should...

EUR/USD: RESISTANCE BY THE UPPER "WINDOW" 12:33 06.06.2017 There's resistance by the upper "Window", so we've got a bearish "Tweezers", which has been confirmed. Therefore, there's an opportunity to have a correction in the direction of the 34 Moving Average, which could be a departure point...

GBP/USD: BROKEN "TRIANGLE" 08:32 06.06.2017 Bulls faced resistance at 1.2945, so the pair is likely going to achieve the closest support at 1.2901 in the short term. Meanwhile, if a pullback from this level happens, there'll be an option to have the price higher. In this case, we should keep...

EUR/USD: BULLS PUSHING PRICE HIGHER 08:05 06.06.2017 There's a consolidation, which is taking place under resistance at 1.1287. So, the market is likely going to decline towards support at 1.1232 - 1.1204. If a pullback from this area happens, there'll be an opportunity to have an upward...