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NZD/USD REACHED BUY TARGET 0.7050 16:20 29.05.2017 NZD/USD reached buy target 0.7050 Next buy target - 0.7130. NZD/USD continues to rise after the earlier breakout of the resistance level 0.7050 (top of wave 4, which was set as the buy target in our earlier forecast for this currency pair). The...

CHF/JPY REVERSED FROM RESISTANCE ZONE 16:18 29.05.2017 CHF/JPY reversed from resistance zone Next sell target - 113.00 CHF/JPY recently reversed down sharply from the resistance zone surrounding the key resistance level 115.00, which has been steadily reversing all upward impulse waves from...

USD/JPY: BULLS GOING TO TEST MA 13:03 29.05.2017 We've got a "Hammer" at the last local low, but a confirmation of this pattern is a quite weak. So, the price is likely going to test the 55 Moving Average in the coming hours. However, if a pullback from this line arrives afterwards, bulls...

EUR/USD: BULLISH "TWEEZERS" 13:00 29.05.2017 There's a consolidation, which is taking place on the four-hours chart. Also, we've got a bullish "Tweezers", but this pattern hasn't been confirmed yet. In this case, the current correction is likely going to be continued. We've got a bullish...

GBP/USD: "V-BOTTOM" STOPPED BEARS 08:13 29.05.2017 The last upward trend has been broken, so the price meet with support at 1.2755, which led to forming a "V-Bottom" pattern. Therefore, the market is likely going to rise towards the nearest resistance at 1.2913. If a pullback from this level...

EUR/USD: "DOUBLE TOP" PATTERN 08:01 29.05.2017 The price is consolidating between resistance at 1.1267 and support at 1.1171. Also, we've got a "Double Top" pattern, so the market is likely going to decline towards the nearest support at 1.1103 - 1.1075. If we see a pullback from this area...

USD/JPY: BULLS WAIT FOR THE SIGNAL TO ATTACK 06:33 29.05.2017 Recommendation: BUY 111,95 SL 111,4 TP 113,9 TP2 117. On the USD/JPY daily chart, the transformation of the inverted Shark pattern into 5-0 continues. A corrective movement towards 50% and 61.8% levels of the CD wave can be used for...

EUR/JPY: BEARS WANT TO DEVELOP CORRECTION 06:32 29.05.2017 Recommendation: BUY 124,9 SL 1,2435 TP 127,9. On the EUR/JPY daily chart, bears launched a counterattack willing to develop correction and push quotes beyond the upward trading channel. As a result, the Double-Top pattern was formed...

MORNING BRIEF FOR MAY 29 06:16 29.05.2017 The start of this week was really quiet with the UK, the US observing Memorial Day and China celebrating Dragon Boat Festival. The British pound slumped to 1.2775 on Friday after YouGov poll suggested the UK election race was getting tighter with...

USD/JPY: DOLLAR STUCK IN THE CLOUDS 05:39 29.05.2017 Technical levels: support – 111.00; resistance – 112.20/30. Trade recommendations: Buy — 111.50; SL — 112.30; TP1 — 112.20; TP2 — 113.20. Reason: bearish Ichimoku Cloud, horizontal Senkou Span A and B; a new weak dead cross of Tenkan-sen...

AUD/USD: BEARS READY TO CONTINUE SALES 05:32 29.05.2017 Technical levels: support – 0.7370, 0.7400/10; resistance – 0.7440. Trade recommendations: Sell — 0.7440; SL — 0.7460; TP1 — 0.7370; TP2 — 0.7340. Reason: narrow bullish Ichimoku Cloud, falling Senkou Span A; a new dead cross of...

EUR/GBP REACHED BUY TARGET 0.8700 13:21 26.05.2017 EUR/GBP reached buy target 0.8700 Next buy target - 0.8800 EUR/GBP continues to rise after the earlier breakout of the resistance zone lying at the intersection of the resistance level 0.8700 (which was set as the buy target in our earlier...

GBP/NZD BROKE DAILY UP CHANNEL 13:19 26.05.2017 GBP/NZD broke daily up channel Next sell target - 1.8000 GBP/NZD continues to fall after the earlier breakout of the support trendline of the daily up channel from the start of February (which has enclosed the (C)-wave of the previous ABC...

USD/JPY: BULLISH "HAMMER" 13:06 26.05.2017 There are a "Doji" and an "Engulfing", which both have been confirmed. In this case, the price is likely going to get resistance in the middle of the last huge black candle. If a pullback from this level arrives afterwards, there'll be an option to...

EUR/USD: PRICE GOING TO GET SUPPORT ON MA 13:04 26.05.2017 There's a correction, which is taking place on the four-hours chart. Also, we've got a developing a "Three Methods" pattern, so the market is likely going to continue moving down towards the Moving Averages. We've got a "Shooting...

EUR/USD: BEARS TRYING TO DELIVER REVERSE 12:28 26.05.2017 We've got a couple of pullbacks from 8/8 MM Level, so wave [y] of 2 may have been formed. Therefore, we could have a bearish impulse in wave (i) in the coming days. In this case, we should keep in mind 6/8 MM Level as an intraday...

USD/CAD: OUTLOOK FOR MAY 29 - JUNE 2 12:04 26.05.2017 USD/CAD was trading choppily in the course of the past week. The loonie got lots of strength in the first half of the week with the Bank of Canada being more positive on the domestic growth outlook, a less hawkish Fed’s meeting minutes and...

GBP/USD: OUTLOOK FOR MAY 29 - JUNE 2 12:02 26.05.2017 The British pound dropped in the past week on UK election jitters and weak economic fundamentals. Monday’s terrorist attack in Manchester city rattled people’s confidence in the government and shrank May’s lead in the polls. British GDP for...

USD/JPY: OUTLOOK FOR MAY 29 - JUNE 2 11:58 26.05.2017 USD/JPY has posted slight gains in the first half of past week as political tumult over Trump's obstruction of justice subsided. The yen regained its momentum following the release of the FOMC meeting minutes that conveyed a less hawkish...

GBP/USD: SUPPORT WAITING FOR BEARS 07:50 26.05.2017 The price faced support at 1.2865, but the market is likely going to continue falling down in the direction of the next support at 1.2843. If a pullback from this level forms afterwards, there'll be an option to have an upward price movement...