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EUR/USD: BULLISH "TRIANGLE" 07:44 26.05.2017 The price is consolidating between resistance at 1.1267 and support at 1.1171. Also, there's a triangle, so the market is likely going to test the next resistance at 1.1278 - 1.1307 in the short term. If a pullback from this area happens, there'll...

OIL: BULLS ARE PREPARING FOR THE ATTACK 06:26 26.05.2017 Recommendation: BUY 51.5 SL 50.5 TP1 52.8 TP2 53.9. On the daily chart of Brent futures, "bulls" failed to overcome resistance at $54.42 per barrel. As a result, we got a rollback and formation of the short-term downward trading...

GOLD IS TRAPPED IN THE TRIANGLE 06:24 26.05.2017 Recommendations: BUY $1262,5 SL $1252,5 TP $1315, SELL $1248 SL $1258 TP1 $1233 TP2 $1224. On the daily chart of gold, quotes are hovering near the upper border of the triangle. A break of the resistance and return of quotes to the upward...

MORNING BRIEF FOR MAY 26 06:04 26.05.2017 Brent futures dropped to $51.00 from $54.65 overnight after OPEC and some non-OPEC producers agreed to extend output cuts until the end of the first quarter of 2018. Market participants expected longer and deeper cuts to curb a global oil glut. So, oil...

USD/JPY: TRADES CONTINUE IN CLOUDY AREA 04:54 26.05.2017 Technical levels: support – 111.50, 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 golden cross of...

AUD/USD: BEARS BREAKDOWN CLOUD’S SUPPORT 04:53 26.05.2017 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: narrowing bullish Ichimoku Cloud, falling Senkou Span A; a cancelled golden...

USD/JPY: BEARISH "SHOOTING STAR" 12:21 25.05.2017 The 55 Moving Average is acting as resistance, so we've got a "Doji" and an "Engulfing" at the local high. However, these patterns haven't been confirmed enough, so the pair is likely going to test the 55 Moving Average once again. If we see a...

EUR/USD: "HIGH WAVE" STOPPED BULLS 12:18 25.05.2017 There are bearish patterns such are a "Tower" and a "Shooting Star", which both have been confirmed enough. Therefore, the market is likely going to test the 34 Moving Average in the short term. If we see a pullback from this line, there'll...

EUR/USD: SECOND PULLBACK FROM 8/8 MM LEVEL IN A ROW 11:02 25.05.2017 We've got the second pullback from 8/8 MM Level in a row. So, wave [y] of 2 may have been finished. In this case, bears are likely going to deliver wave (i), which means we should keep an eye on 6/8 MM Level as an intraday...

TRADING THE OPEC MEETING 08:22 25.05.2017 Today the OPEC members are set to discuss in Vienna whether to prolong a production cut agreement reached in November 2016. An extension of the accord could potentially spark a rally in oil prices. In the following article, we will explicate how the...

GBP/USD: "TRIANGLE" PUSHING PRICE HIGHER 08:04 25.05.2017 The price is consolidating between the 34 Moving Average and resistance at 1.3057. Also, there's a triangle, so the pair is likely going to test the nearest resistance at 1.3057 - 1.3090. If a pullback from this area happens, there'll...

EUR/USD: BULLS GOING TO TEST NEXT RESISTANCE 08:02 25.05.2017 We've got a "Triple Bottom" pattern, so the price is rising. Therefore, bulls are likely going to test the next resistance at 1.1287 - 1.1307 in the short term. If a pullback from this area happens, there'll be an opportunity to...

GBP/USD: POUND IS WANDERING IN THE CHANNELS 06:25 25.05.2017 Recommendations: BUY 1,3035 SL 1,298 TP1 1,31 TP2 1,3135, SELL 1,293 SL 1,2985 TP 1,278. On the GBP/USD daily chart, there is a consolidation within the upwards trend. A breakout of the diagonal support followed by activation of...

NZD/USD: KIWI IS GOING UPWARDS 06:19 25.05.2017 Recommendations: hold long positions (BUY 0,695 SL 0,6895 TP 0,708), BUY 0,6995 SL 0,694 TP1 0,712 TP2 0,734. On the NZD/USD daily chart, the break of the diagonal resistance in the form of the upper border of the downward trading channel...

MORNING BRIEF FOR MAY 25 05:53 25.05.2017 The US dollar dropped against many major currencies on less hawkish FOMC meeting minutes. Overall Fed’s policymakers seemed content to hike rate at the coming meeting in June if US economic information came in about in line with their expectations. The...

GBP/USD: MARKET SUPPORTED BY CLOUD AGAIN 04:24 25.05.2017 Technical levels: support – 1.2960; resistance – 1.3070. Trade recommendations: Buy — 1.2980; SL — 1.2960; TP1 — 1.3070; TP2 — 1.3150. Reason: narrow bullish Ichimoku Cloud; horizontal Senkou Span A, but rising Senkou Span B; an...

EUR/USD: BULLS LOOKS STRONG 04:23 25.05.2017 Technical levels: support – 1.1200; resistance – 1.1250, 1.1300. Trade recommendations: Buy — 1.1210/00; SL — 1.1180; TP1 — 1.1250; TP2 – 1.1300. Sell — 1.1310; SL — 1.1330; TP1 — 1.1120; TP2 – 1.1080. Reason: expanding bullish Ichimoku Cloud with...

USD/JPY: BULLISH "HAMMER" 13:23 24.05.2017 We've got a bullish "Hammer", which has been confirmed. Also, there's a "Doji" on the 144 Moving Average, but this pattern remains unconfirmed. So, bears are likely going to test the nearest support level shortly. We've got bearish patterns such a...

EUR/USD: BEARISH PATTERNS 13:19 24.05.2017 We've got bearish patterns such a "Tower" and a "High Wave", which both have confirmation. Therefore, the pair is likely going to test the 34 Moving Average in the short term. There's a "High Wave" pattern, which has formed on the 34 Moving...

EUR/USD: BEARISH IMPULSE ARRIVED 09:17 24.05.2017 We've got a pullback from 8/8 MM Level, so a double zigzag in wave [y] of 2 may have been formed. Therefore, we could have bearish wave (i) in the short term. In this case, we should keep an eye on 6/8 MM Level as an intraday target...