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AUD/CHF REVERSED FROM POWERFUL RESISTANCE LEVEL 0.7290 16:57 31.05.2017 AUD/CHF reversed from powerful resistance level 0.7290 Next sell target - 0.7150 AUD/CHF continues to fall after the earlier downward reversal from the powerful resistance level 0.7290 (former major support level which had...

EUR/USD REVERSED FROM SUPPORT ZONE 16:56 31.05.2017 EUR/USD reversed from support zone Next buy target - 1.1270 EUR/USD recently reversed up from the support zone lying at the intersection of the support trendline of the narrow up channel from April and the upper trendline of the recently...

USD/JPY: "WINDOW" ACTED AS RESISTANCE 13:34 31.05.2017 Bears are still pushing the price lower, so there isn't any bullish pattern. However, if we see a pullback from the nearest support level, there'll be an opportunity to have an upward correction. The upper "Window" has acted as...

EUR/USD: "THREE METHODS" PATTERN 13:31 31.05.2017 The price has been rising, so there isn't any reversal pattern so far. At the same time, the pair is likely going to test the nearest support level, which could be a departure point for another upward price movement. The last "Three...

GBP/USD: BEARISH "FLAG" 07:51 31.05.2017 There's a consolidation, which is taking place on the four-hours chart. Moreover, we've got a "Flag", so bears are likely going to test support at 1.2755 - 1.2705 in the short term. Meanwhile, if a pullback from these levels happens, we should keep an...

EUR/USD: "V-BOTTOM" PATTERN 07:43 31.05.2017 The price faced support at 1.1103, so we've got a "V-Bottom" pattern, which pushed the pair towards resistance at 1.1204. Therefore, bulls are likely going to reach the next resistance at 1.1232 - 1.1249 in the short term. If a pullback from this...

EUR/USD: EURO GOT CAUGHT IN THE CROSS FIRE 06:33 31.05.2017 On the EUR/USD daily chart, the Bears tried to launch a counterattack, but they stumbled upon the solid resistance.There are many buyers in the area of 1.108 - 1.112. As a result, a triangle was formed and the risks for consolidation...

USD/CHF: BULLS TRY TO RESTORE UPTREND 06:31 31.05.2017 Recommendations: BUY 0,978 SL 0,9725 TP 0,995. On the USD/CHF daily chart, the first attempt of Bulls to test the resistance at 0.9785 and activate the Double bottom reversal pattern has failed. Nevertheless, they still rekindle dream of...

MORNING BRIEF FOR MAY 31 06:04 31.05.2017 The British pound fell sharply with a YouGov/Times poll showing the ruling Conservatives could lose 20 seats and their majority in parliament at the coming June election. GBP/USD immediately dropped to 1.2800 from circa 1.2860. At the present moment...

AUD/CAD REVERSED FROM SUPPORT ZONE 16:44 30.05.2017 AUD/CAD reversed from support zone Next buy target - 1.0100 AUD/CAD today reversed up from the support zone lying between the key support level 1.0000, lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse wave (1)...

AUD/NZD BROKE SUPPORT LEVEL 1.0550 16:43 30.05.2017 AUD/NZD broke support level 1.0550 Next sell target - 1.0450 AUD/NZD continues to fall after the earlier breakout of the support level 1.0550 (former resistance level from January). The breakout of the support level 1.0550 was preceded by the...

GBP/USD: BEARS BROKE TREND 13:15 30.05.2017 The pair faced support at 1.2755, so there's a "Double Bottom", which has been confirmed. Nevertheless, bulls couldn't break resistance at 1.2887, which means there's an option to have another decline towards the next support at 1.2816 - 1.2774. If...

EUR/USD: "DOUBLE TOP" PUSHED PRICE LOWER 13:10 30.05.2017 The last "Double Top" pattern has been confirmed, so the price got support at 1.1103, which led to forming a "V-Bottom", which pushed the price towards resistance at 1.1204. Therefore, the market is likely going to decline in the...

USD/JPY: "TOWER" PUSHING PRICE HIGHER 12:52 30.05.2017 Resistance by the middle of the last huge black candle is still on the table. Also, we’ve got a “Hammer”, which hasn’t been confirmed yet. So, the pair is likely going to test the 21 Moving Average which could be a departure point for...

EUR/USD: BULLISH "HIGH WAVE" 12:48 30.05.2017 The price has reached the lower “Window”, so we’ve got a “High Wave”, but confirmation of this pattern is a quite weak. Therefore, the “Window” is likely going to act as support once again in the short term. There’s a bullish “Engulfing”...

AUD/USD: BEARS REGAIN THEIR STRENGTH 06:43 30.05.2017 On the AUD/USD daily chart, bears try to return quotes to the borders of the downward channel. If they succeed, the risks for the restoration of the downward trading channel will increase. In contrast, the rebound from the diagonal support...

USD/CAD: LOONIE CHOOSES THE WAY 06:38 30.05.2017 Recommendation: BUY 1,3505 SL 1,346 TP1 1,359 TP2 1,364. On the USD/CAD daily chart, there is an attack on the diagonal support in the form of the upper border of the previous downward trading channel. If the Bulls manage to resist the Bears'...

MORNING BRIEF FOR MAY 30 06:09 30.05.2017 Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support. The ECB has long argued that even with accelerating...

AUD/USD: AUSSIE GOING LOWER 05:01 30.05.2017 Technical levels: support – 0.7370; resistance – 0.7440. Trade recommendations: Sell — 0.7420; SL — 0.7440; TP1 — 0.7370; TP2 — 0.7340. Reason: narrow bullish Ichimoku Cloud, falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen...

EUR/USD: EURO FALLING INTO THE CLOUD 04:59 30.05.2017 Technical levels: support – 1.1110, 1.1050; resistance – 1.1190, 1.1210. Trade recommendations: Buy — 1.1110/00; SL — 1.1080; TP1 — 1.1190; TP2 – 1.1210. Reason: narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of...