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EUR/USD: BEARISH IMPULSE ARRIVED 14:47 09.05.2017 There's a pullback from 6/8 MM Level, so wave 2 may have been ended like a double zigzag. Therefore, the market is likely going to form a bearish impulse in wave (i) in the short term. More...

USD/JPY: BULLISH "THREE METHODS" 14:13 09.05.2017 We've got a "Three Methods" pattern, which has been confirmed. In this case, the market is likely going to continue moving up in the direction of the next resistance level. There isn't any reversal pattern so far, which means bulls are...

EUR/USD: BEARS GOING TO TEST NEXT "WINDOW" 14:10 09.05.2017 Bears have reached the lower "Window", so if any bullish pattern arrives, there'll be an opportunity to have a local upward correction. However, we could have a decline towards the 55 Moving Average afterwards. The price has been...

Key option levels for Tuesday, May 9th 9/5/2017 If you have any questions or requests fill out the feedback form. EUR/USD Main trend Short-term period Medium-term period Bearish Neutral Changes in the open interest - 681 ↓ + 32 459 ↑ Closest resistance levels 1.0955...

GBP/USD: BEARISH "FLAG" 08:14 09.05.2017 Bulls faced resistance at 1.2995, so we've got a "Double Top" pattern, which has been confirmed. Therefore, the pair is likely going to test the 34 Moving Average. If a pullback from this line happens, bulls will probably try to test resistance at...

EUR/USD: "TRIPLE TOP" STOPPED BULLS 08:10 09.05.2017 We've got a "Triple Top", so there's a correction, which is taking place on the four-hours chart. Therefore, the market is likely going to decline towards support at 1.0874 - 1.0851. If a pullback from this area happens, there'll be an...

EUR/USD: LOCAL BULLISH IMPULSE 17:07 08.05.2017 There's wave 2, which is taking the form of a double zigzag. Also, we've got a zigzag in wave [y], so wave (c) is likely going to be continued. The main intraday target is 7/8 MM Level. As you can see on the one-hour chart, there's a possible...

EUR/CHF BROKE KEY RESISTANCE LEVEL 1.0900 16:15 08.05.2017 EUR/CHF broke key resistance level 1.0900 Next buy target - 1.0976 EUR/CHF has been rising sharply in the last few trading sessions inside the minor impulse wave (iii) – which started earlier from the support level (former strong...

USD/CHF REVERSED FROM SUPPORT ZONE 16:14 08.05.2017 USD/CHF reversed from support zone Next buy target - 1.0100 USD/CHF recently reversed up from the support zone lying between the pivotal support level 0.9880 (which stopped the previous sharp downward waves (A) and (C) - as can be seen from...

USD/JPY: "HAMMER" ON MOVING AVERAGE 11:52 08.05.2017 There's a correction, which is taking place around the "Window". Also, there's a bullish "Hammer", which has been confirmed. If the 21 Moving Average acts as a support, bulls are likely going to break the last high. The 34 Moving Average...

EUR/USD: "WINDOW" STILL ON THE TABLE 11:43 08.05.2017 The main trend is still bullish, cause we've got a pullback from the lower "Window". However, there's a bearish "Engulfing", which has been confirmed enough. So, the market is likely going to get support on the 34 Moving Average, which...

GBP/USD: RESISTANCE WAITING FOR BULLS 08:07 08.05.2017 There's a possible "V-Bottom" pattern, so the market is likely going to rise towards resistance at 1.3023. At the same time, there's an opportunity to have a downward correction later on, so we should keep an eye on support at 1.2945 as...

EUR/USD: BULLS CAN GO HIGHER 08:04 08.05.2017 The price is still consolidating under the main downtrend. However, bulls are likely going to test the nearest resistance at 1.1025 in the short term. If a pullback from this level happens, there'll be an opportunity to have a decline towards...

AUD/USD: AUSSIE ENTERED TO CHANNEL TENKAN-KIJUN 05:17 08.05.2017 Technical levels: support – 0.7400; resistance – 0.7450. Trade recommendations: 1. Buy — 0.7400; SL — 0.7380; TP1 — 0.7450. 2. Sell — 0.7450; SL — 0.7460; TP1 — 0.7380; TP2 — 0.7340. Reason: expanding bearish Ichimoku Cloud...

EUR/USD: EURO MADE NEW LOCAL HIGHS 05:15 08.05.2017 Technical levels: support – 1.0960; resistance – 1.1000, 1.1070. Trade recommendations: 1. Buy — 1.0960; SL — 1.0940; TP1 — 1.1000; TP2 – 1.1070. Reason: expanding bullish Ichimoku Cloud, rising Senkou Span A and B; a new golden cross of...

US DOLLAR: OURLOOK FOR MAY 8-12 15:57 05.05.2017 During the past week, the US dollar index (DXY) has been fluctuating around the 98.90 level. The Federal Reserve kept interest rates unchanged at May meeting and downplayed weak first-quarter economic growth, bolstering market expectations for...

GBP/USD: OUTLOOK FOR MAY 8-12 15:55 05.05.2017 GBP/USD was fluctuating around 1.2895 during the past week helped by strong UK economic fundamentals and the US dollar weakness. Economic data from the United Kingdom came out positive: manufacturing, construction, and services PMIs exceeded...

USD/JPY: OUTLOOK FOR MAY 8-12 15:50 05.05.2017 USD/JPY has managed to strengthen to 112.50 during the past week. The pair traded in the situation of low liquidity as Japanese banks were on holidays from Wednesday to Friday. The US dollar gained as the possibility of the Federal Reserve’s June...

EUR/USD: OUTLOOK FOR MAY 8-12 15:54 05.05.2017 EUR/USD rose to 6-month highs ahead of the final round of the French presidential election, which will take place on Sunday, May 7. The market expects that centrist Emmanuel Macron will win the run-off against far-right candidate Marine Le Pen and...

EUR/USD: WAVE 2 ON THE WAY 14:02 05.05.2017 Price has been rising since a pullback from 1/8 MM Level happens. Previously a leading diagonal has been formed in wave 1. The main target for wave 2 is 7/8 MM Level, which could be a departure point for another bearish impulse wave. As we can...