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GBP/USD: OUTLOOK FOR JUNE 5-9 13:09 02.06.2017 Sterling was really volatile in the course of the past week as we approach the general election on 8 June. The recent polls indicated that Theresa May’s lead has narrowed. This made the pound to lose its ground in the beginning of the week. The UK...

GBP/USD: MOVING AVERAGES ACTING AS SUPPORT 08:12 02.06.2017 The price is consolidating along the Moving Averages. Considering the double pullback from resistance at 1.2913, bears are likely going to test the closest support at 1.2843 - 1.2816. However, if we have a pullback from this area, we...

EUR/USD: BEARISH "PENNANT" 08:07 02.06.2017 Bulls faced resistance at 1.1249, so the price is consolidating. Also, we've got a "Double Top" pattern, which means bears are likely going to test the nearest support at 1.1204 - 1.1171 in the short term. If we see a pullback from this area...

BANKS PREVIEW FOR THE NONFARM PAYROLLS 07:19 02.06.2017 Analysts from major banks offer insights on their expectation from the today’s US labor market report which is due at 3:30 pm MT time. It will be critical for the Fed’s rate June decision as its monetary policy decisions are based on the...

USD/JPY: BULLS REGAIN THEIR STRENGTH 06:31 02.06.2017 Recommendation: BUY 111,95 SL 111,4 TP1 113,5 TP2 114,6. On the USD/JPY daily chart, the Bears failed to consolidate below 110.5. This tells us about their weakness. Bulls launched a counterattack and became ready to activate the Crab...

GOLD: STEP FORWARD, TWO BACKWARDS 06:30 02.06.2017 On the daily chart of gold, the exit of quotes from the triangle allowed the Bulls to return to the upward trading channel. If buyers fail to gain a foothold there and push the quotes towards the support at $1256 will tell us about their...

MORNING BRIEF FOR JUNE 2 06:02 02.06.2017 Today’s news headline is that Trump officially announced the withdrawal of the US from the Paris climate agreement. The President considered the deal a burden and unfair to the US and said he would welcome renegotiation with the other countries. The...

GBP/USD: BULLS TESTED CLOUD’S RESISTANCE 05:15 02.06.2017 Technical levels: support – 1.2850; resistance – 1.2910. Trade recommendations: Sell — 1.2840; SL — 1.2860; TP1 — 1.2780; TP2 — 1.2750. Reason: bearish Ichimoku Cloud, but horizontal Senkou Span A and B; a new weak golden cross of...

EUR/USD: EURO READY TO CONTINUE UPTREND 05:14 02.06.2017 Technical levels: support – 1.1210; resistance – 1.1250. Trade recommendations: Buy — 1.1210/20; SL — 1.1190; TP1 — 1.1300; TP2 – 1.1340. Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; a new golden cross of...

EUR/AUD BROKE STRONG RESISTANCE LEVEL 1.5060 17:10 01.06.2017 EUR/AUD broke strong resistance level 1.5060 Next buy target - 1.5060E EUR/AUD has been under strong bullish pressure lately – after the earlier breakout of the strong, multi-month resistance level 1.5060 (which also reversed the...

GBP/AUD REVERSED FROM COMBINED SUPPORT ZONE 17:09 01.06.2017 GBP/AUD reversed from combined support zone Next buy target - 1.7650 GBP/AUD continues to rise after the earlier upward reversal from the combined support zone lying between the support level 1.7200 (former strong resistance level...

USD/JPY: "THREE METHODS" PATTERNS 13:32 01.06.2017 There's a bullish "Hammer", which has been confirmed enough. So, the pair is likely going to test the 55 Moving Average once again. However, if a pullback from this line happens, there'll be a green light for another decline. The last...

EUR/USD: BULLISH "HIGH WAVE" 13:13 01.06.2017 Bulls are still pushing the price higher, but there's a bearish "Engulfing" pattern, which hasn't been confirmed yet. Therefore, the market is likely going to test the nearest support, which could be a departure point for another upward price...

GBP/USD: "V-TOP" PATTERN 08:14 01.06.2017 The price faced resistance at 1.2913, so we've got a "V-Top" pattern, which pushed the price lower. Therefore, the market is likely going to decline in the direction of the nearest support at 1.2816 - 1.2793. If we see a pullback from this area...

EUR/USD: RESISTANCE WAITING FOR BULLS 08:11 01.06.2017 The price is still rising, so bulls faced resistance at 1.1249, which led to the current consolidation. Therefore, the pair is likely going to test the nearest support at 1.1204 - 1.1171 in the short term. If we see a pullback from this...

NZD/USD: BULLS STUMBLED ACROSS PIN-BAR 07:11 01.06.2017 Recommendation: BUY 0,7045 SL 0,6990 TP1 0,715 TP2 0,723. On the NZD/USD daily chart, bulls hit an intermediate target 127.2% of the Deep Shark pattern. Then, there was a rollback. The formation of a pin-bar with a long shadow increases...

GBP/USD: POUND MADE FRIENDS WITH THE WEDGE 06:34 01.06.2017 Recommendation: BUY 1,2865 SL 1,281 TP 1,3025, SELL 1,28 SL 1,2855 TP 1,264. On the GBP/USD daily chart, the Bulls hit the target 88.6% of the Shark pattern. At the present moment, we may observe the transformation of the Shark...

USD/JPY: DOLLAR TESTED 3W LOWS 06:32 01.06.2017 Technical levels: support – 110.50; resistance – 111.00, 111.30. Trade recommendations: Sell — 111.00; SL — 111.30; TP1 — 110.50; TP2 — 110.10. Reason: expanding bullish Ichimoku Cloud, falling Senkou Span A; a dead cross of Tenkan-sen and...

AUD/USD: BEARS HAVE WON 06:31 01.06.2017 Technical levels: support – 0.7370, 0.7340; resistance – 0.7440. Trade recommendations: Sell — 0.7410; SL — 0.7420; TP1 — 0.7370; TP2 — 0.7340. Reason: narrowing bullish Ichimoku Cloud, falling Senkou Span A and B; a new dead cross of Tenkan-sen and...

MORNING BRIEF FOR JUNE 1 06:00 01.06.2017 Australian manufacturing PMI and NZ terms of trade kicked the Asian session off but did little to give rise to market fluctuations. Aussie gained some strength in the light of the data but then was hit by the Caixin China manufacturing data that showed...