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GBP/USD: TWO "THORN" PATTERNS 07:00 24.05.2017 The price is consolidating along the 34 Moving Average. It's likely that the market is going to achieve the 55 Moving Average in the short term. If a pullback from this line happens, there'll be an option to have an upward price movement in the...

EUR/USD: "DOUBLE TOP" PUSHED PRICE LOWER 06:57 24.05.2017 We've got a "Double Top" pattern, so the price is consolidating. So, the market is likely going to decline towards the nearest support at 1.1139 - 1.1103. If a pullback from this area happens, we could have another bullish price...

USD/CHF: BEARS SAW A DRAGON 06:22 24.05.2017 Recommendation: BUY 0,9765 SL 0,971 TP1 0,985 TP2 0,9895. On the USD/CHF daily chart, quotes reached the lower border of the downward trading channel and rebounded from support located at 0.9715 (78.6% of the last upward wave). These factors...

EUR/USD: EURO CAUGHT THE BAT'S TAIL 06:20 24.05.2017 Recommendation: BUY 1,108 SL 1,1025 TP1 1,121 TP2 1,13. On the EUR/USD daily chart, the target 88.6% of the "Bat" pattern was fulfilled. As a result, the risks of correction towards 1.113 (61.8% of the last downward medium-term wave) and...

Key option levels for Wednesday, May 24th 24/05/2017 If you have any questions or requests fill out the feedback form. USD/JPY Main trend Short-term period Medium-term period Bullish Neutral Changes in the open interest + 381 ? + 95 ? Closest resistance levels 111.96...

MORNING BRIEF FOR MAY 24 06:17 24.05.2017 The USD strengthened in Tokyo morning against its major peers due to rising 10-year Treasury note yield climbing 3 basis points overnight. The news that Trump asked intelligence directors to deny any collusion between his election campaign and Russian...

USD/JPY: BULLS TOOK OFFENSIVE 05:14 24.05.2017 Technical levels: support – 111.30, 110.15; resistance – 112.20. Trade recommendations: Buy — 111.60; SL — 112.40; TP1 — 112.20; TP2 — 113.20. Reason: narrowing bearish Ichimoku Cloud, horizontal Senkou Span B; a new golden cross of Tenkan-sen and...

AUD/USD: MARKET RETURNED INTO CLOUD 05:13 24.05.2017 Technical levels: support – 0.7370, 0.7400/10; resistance – 0.7450. Trade recommendations: Sell — 0.7440; SL — 0.7460; TP1 — 0.7340; TP2 — 0.7310. Buy — 0.7460; SL — 0.7440; TP1 — 0.7520; TP2 — 0.7560. Reason: narrow bullish Ichimoku Cloud...

EUR/AUD REVERSED FROM RESISTANCE LEVEL 1.5060 16:49 23.05.2017 EUR/AUD reversed from resistance level 1.5060 Next sell target - 1.4900 EUR/AUD recently reversed down from the powerful resistance zone lying between the major, multi-month resistance level 1.5060 (which reversed the price in the...

USD/CHF BROKE SUPPORT ZONE 16:48 23.05.2017 USD/CHF broke support zone Next sell target - 0.9670 USD/CHF continues to fall after the earlier breakout of the support zone lying at the intersection of the support level 0.9750 (sell target set in our earlier forecast for this currency pair) and...

EUR/USD: PULLBACK FROM 8/8 MM LEVEL 12:37 23.05.2017 The price is trying to form a pullback from 8/8 MM Level, so wave [y] of 2 may have been ended. In this case, we should keep an eye on 6/8 MM as a local bearish target. Bulls couldn't fixate above 8/8 MM Level, so there's time for a...

USD/JPY: BULLISH "HAMMER" STILL ON THE TABLE. 09:38 23.05.2017 The price is still consolidating in a tight range. However, the last bullish "Hammer" is on the table, so bears are likely going to test the 144 Moving Average soon. If a pullback from this line happens, there'll be an option to...

EUR/USD: "WINDOW" WAITING FOR BULLS 09:33 23.05.2017 The price has been rising since the last "Hammer" was formed on the lower "Window". There isn't any reversal pattern so far, so the market is likely going to test the upper "Window" in the short term. If any bearish pattern arrives...

GBP/USD: BEARISH "THORN" 07:12 23.05.2017 There's a consolidation, which is taking place along the 34 Moving Average. In this case, we should keep an eye on support at 1.2945 - 1.2913 as an intraday bearish target. If a pullback from these levels happens, the pair is going to rise in the...

EUR/USD: CONFIRMED "DOUBLE TOP" 07:10 23.05.2017 The price faced resistance at 1.1249, so there's a consolidation. Also, we've got a "Double Top" pattern, so the pair is likely going to test the nearest support at 1.1171 - 1.1139 in the short term. If a pullback from this area happens...

USD/CAD: WILL 5-0 BE REALIZED? 06:33 23.05.2017 Recommendations: BUY 1.3435 SL 1.3380 TP 1.3650 BUY 1.3375 TP 1.3320 TP 1.3525 On USD/CAD daily chart, the 5-0 and Wolf Waves patterns are in the process of realization. If "bears" manage to test support levels at 1.3435 and 1.334, the target...

AUD/USD: AUSSIE CAME CLOSER TO RUBICON 06:32 23.05.2017 On the AUD/USD daily chart, bulls managed to push the quotes beyond the downward trading channel and tested the resistance at 0.749. if it is broken successful, the way towards the 0.7525-0.7535 convergence zone will be opened. In...

MORNING BRIEF FOR MAY 23 06:15 23.05.2017 The British pound slumped after authorities said a blast at an Ariana Grande concert in Manchester could be a terror-related. A suspected terrorist attacked killed at least 19 people and wounded 50. It happened in the middle of an election campaign and...

USD/JPY: ""WINDOW" ACTING AS STRONG SUPPORT 13:37 22.05.2017 There's a consolidation, which is taking place on the four-hours chart. The 34 Moving Average is acting as resistance. Considering the last bearish "Tweezers", the price is likely going to test the closest support level in the short...

EUR/USD: MORNING STAR PUSHING PRICE HIGHER 13:31 22.05.2017 The price has been rising since the lower "Window" acted as support. Also, we don't have any reversal pattern so far, which mean the pair could test the upper "Window" soon. If we see any bearish pattern on this level, there'll be an...