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GBP/JPY REVERSED FROM RESISTANCE ZONE 16:52 11.05.2017 GBP/JPY reversed from resistance zone Next sell target - 144.60 GBP/JPY recently reversed down from the powerful resistance zone lying between the multi-month resistance level 148.60 (which stopped the previous primary ABC correction ② in...

USD/JPY: BEARISH "TOWER" 14:19 11.05.2017 We've got a local bearish correction inside the main bullish trend. Considering the last "Engulfing" pattern, the market is likely going to test the 21 Moving Average, which could be a departure point for another upward price movement towards the...

EUR/USD: LOWER "WINDOW" WAITING FOR BEARS 13:46 11.05.2017 There's resistance by the "Window", but the 55 Moving Average is acting as support. Also, we don't have any reversal pattern so far, which means bears are going to test the next "Window" in the short term. The 34 Moving Average is...

Key option levels for Thursday, May 11th 11/05/2017 If you have any questions or requests fill out the feedback form. EUR/USD Main trend Short-term period Medium-term period Bullish Neutral Changes in the open interest + 69 735 ↑ + 81 101 ↑ Closest resistance levels...

EUR/USD: WAVE II GOING TO END 09:45 11.05.2017 There's a pullback from 6/8 MM Level, so wave 2 may have been ended in the form of a double zigzag. Therefore, we could have a bearish impulse in wave (i). The main intraday target is 4/8 MM Level. As we can see on the one-hour chart, there's...

GBP/USD: "RISING WEDGE" GOING TO BE BROKEN 07:03 11.05.2017 Bulls faced resistance at 1.2995, so there's a "V-Top" pattern. Under this circumstances, the market is likely going to achieve the 34 Moving Average in the short term. If a pullback from this line arrives afterwards, there'll be an...

EUR/USD: BEARS GOING TO TEST "BREAKAWAY GAP" 06:59 11.05.2017 The price is consolidating above the 55 Moving Average. Therefore, the market is likely going to decline towards support at 1.0819, which is near the last "Breakaway Gap". If a pullback from this level happens, there'll be an...

USD/JPY: DOLLAR APPROACHED TO RESISTANCE 05:17 11.05.2017 Technical levels: support – 113.90, 113.30; resistance – 114.50. Trade recommendations: 1. Sell — 114.50; SL — 112.70; TP1 — 113.30; TP2 — 112.80. Reason: bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen...

GBP/USD: POUND STUCK IN CONSOLIDATION 05:15 11.05.2017 Technical levels: support – 1.2910; resistance – 1.2950, 1.2980. Trade recommendations: 1. Buy — 1.2960; SL — 1.2940; TP1 — 1.3050. 2. Sell — 1.2930; SL — 1.2950; TP1 — 1.2810; TP2 — 1.2710. Reason: bullish Ichimoku Cloud, horizontal...

NZD/CHF REVERSED FROM KEY SUPPORT ZONE 14:30 10.05.2017 NZD/CHF reversed from key support zone Next buy target - 0.7060 NZD/CHF has been rising from the start of this week – following the earlier sharp upward reversal from the key support zone lying between the support level 0.6800 (former...

AUD/NZD BROKE SUPPORT ZONE 14:28 10.05.2017 AUD/NZD broke support zone Next sell target - 1.0560 AUD/NZD continues to decline after the earlier breakout of the support zone lying between the support level 1.0650 (which has been reversing the price from February, as can be seen from the daily...

USD/JPY: NEXT "WINDOW" WAITING FOR BULLS 12:24 10.05.2017 We've got a bearish "Engulfing", but a confirmation of this pattern is quite weak. So, the market is likely going to reach the 21 Moving Average, which could be a departure point for another bullish rally in the direction of the upper...

EUR/USD: PRICE REACHED "WINDOW" 12:19 10.05.2017 The current bearish correction is continuing, so the price reached a "Window" and the 55 Moving Average. Considering that there isn't any reversal pattern so far, the market is likely going to fall towards the next "Window". There's a...

Key option levels for Wednesday, May 10th 10/05/2017 If you have any questions or requests fill out the feedback form. EUR/USD Main trend Short-term period Medium-term period Bullish Neutral Changes in the open interest + 10 450 ↑ - 101 364 ↓ Closest resistance levels...

GBP/USD: "RISING WEDGE" 07:53 10.05.2017 Bulls found resistance at 1.2995, which pushed the price a little bit lower. Also, we've got a "Rising Wedge", so the pair is likely going to test the nearest resistance at 1.3023. If a pullback from this level happens, there'll be an opportunity to...

EUR/USD: BEARS BROKE LOCAL TREND 07:49 10.05.2017 The price is still declining, but bears faced support on the 55 Moving Average. Nevertheless, the market is likely going to reach the next support at 1.0851, which could be a departure point for an upward movement in the direction of...

USD/JPY: BULLS WILL MAKE A STOP 07:36 10.05.2017 Recommendation BUY 112.85, SL 112.30, TP 114.00 BUY 111.85, SL 111.3, TP 114.00. On the daily USD/JPY chart, the pair ran into the convergence area of 114-114.55 (23.8% of the long-term bullish wave – 61.8% of the descending medium-term wave)...

USD/CAD: LOONIE WENT TO SWEET ZONE 07:27 10.05.2017 Recommendation: SELL 1.3650 SL 1.3705 TP1 1.3525, TP2 1.3370 On the daily chart, USD/CAD reached 127.2% target of the inverted "butterfly" pattern. At the present time, the quotes are in the Sweet Zone of the "Wolfe Waves" pattern. A...

GBP/CHF BROKE PIVOTAL RESISTANCE LEVEL 1.2890 16:19 09.05.2017 GBP/CHF broke pivotal resistance level 1.2890 Next buy target - 1.3120 GBP/CHF continues to rise inside the minor impulse wave (v) – which belongs to the impulse 3 from the middle of March. The price earlier broke above the pivotal...

USD/JPY BROKE DAILY DOWN CHANNEL 16:17 09.05.2017 USD/JPY broke daily down channel Next buy target - 115.40 USD/JPY has been rising sharply in the last few trading sessions inside the intermediate impulse wave (3) - which belongs to the long-term upward impulse wave ③ from April. The price...