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GBP/AUD RISING INSIDE SHARP C-WAVE 12:53 05.05.2017 GBP/AUD rising inside sharp C-wave Next buy target - 1.7780 GBP/AUD continues to rise inside the sharp minor impulse wave (iii) - which previously broke above the key resistance level 1.7210 (which stopped earlier wave A and which was set as...

AUD/CHF REACHED SELL TARGET 0.7270 12:51 05.05.2017 AUD/CHF reached sell target 0.7270 Next buy target - 0.7320 AUD/CHF today reversed up from the support zone lying between the powerful support level 0.7270 (previous sell target, which has been steadily reversing the price from last August -...

USD/JPY: "SHOOTING STAR" LED TO CORRECTION 12:33 05.05.2017 There's a downward correction, which is taking place on the four-hours chart. However, bulls are likely going to test the nearest "Window", which could be a departure point for a decline towards the 34 Moving Average. The 55...

EUR/USD: UPPER "WINDOW" STILL ON THE TABLE 12:24 05.05.2017 There's a pullback from the lower "Window", but we've got a "Tower" at the last high. Therefore, the market is likely going to test the 21 Moving Average once again. If a pullback from this line happens, there'll be an opportunity to...

GBP/USD: SUPPORT BY 34 MOVING AVERAGE 07:44 05.05.2017 There's a "Double Top", but bears couldn't move on because of support by the 34 Moving Average. At the same time, we've got a "V-Bottom", so the pair is likely going to test the nearest resistance at 1.2945 - 1.2964. If bulls stop here...

EUR/USD: BROKEN "TRIANGLE" 07:34 05.05.2017 Bulls have broken the last "Triangle", but price faced resistance at 1.0991, so there's a consolidation. In this case, the market is likely going to test the next resistance nears the current downtrend. If a pullback from this level happens...

USD/JPY: DOLLAR MADE NEW HIGHS 04:53 05.05.2017 Technical levels: support – 112.00, 111.30; resistance – 112.80. Trade recommendations: 1. Buy — 111.30; SL — 111.10; TP1 — 112.00; TP2 — 112.80. 2. Sell — 112.40; SL — 112.60; TP1 — 111.60; TP2 — 111.30. Reason: bullish Ichimoku Cloud with...

GBP/USD: POUND KEEP STAYING ON CLOUD 04:52 05.05.2017 Technical levels: support – 1.2900; resistance – 1.2960. Trade recommendations: 1. Buy — 1.2930; SL — 1.2910; TP1 — 1.2980; TP2 — 1.3050. 2. Sell — 1.2900; SL — 1.2920; TP1 — 1.2810; TP2 — 1.2710. Reason: narrowing bullish Ichimoku...

EUR/AUD BROKE PIVOTAL RESISTANCE LEVEL 1.4650 16:12 04.05.2017 EUR/AUD broke pivotal resistance level 1.4650 Next buy target - 1.4900 EUR/AUD continues to rise inside the sharp minor impulse wave 3 - which previously broke the pivotal resistance level 1.4650 (which stopped earlier waves (4) and...

AUD/USD BROKE SUPPORT ZONE 16:11 04.05.2017 AUD/USD broke support zone Next sell target - 0.7320 AUD/USD continues to fall after the earlier strong breakout of the important support zone lying at the intersection of the support level 0.7450 and the 50% Fibonacci correction of the previous...

EUR/USD: BEARISH CORRECTION JUST AROUND THE CORNER 14:52 04.05.2017 Wave (iii) is going to end soon. If a pullback from the upper side of the current ending diagonal happens, there’ll be time for correction. The main target for wave (iv) is 5/8 MM Level, which could be a departure point for...

USD/JPY: BULLS GOING TO PUSH PRICE HIGHER 14:29 04.05.2017 The price is still rising, so bulls have broken the nearest “Window”. Considering that there isn’t any reversal pattern so far, the price is likely going to climb even higher. However, if a pullback from the next resistance happens...

EUR/USD: CONSOLIDATION GOING TO MOVE ON 14:22 04.05.2017 The 21 Moving Average has acted as a support, but we still don’t have any reversal pattern so far. Therefore, the market is likely going to test the nearest resistance once again. If a pullback from this level happens, there’ll be an...

ATTENTION: FRENCH PRESIDENTIAL ELECTION 10:09 04.05.2017 The decisive second round of French presidential election will take place on Sunday, May 7. Two candidates will compete for France’s top position. Far-right leader Marine Le Pen, who aims to fight immigration and leave the euro area...

GBP/USD: BEARS GOING TO TEST NEAREST SUPPORT 06:50 04.05.2017 There’s a consolidation, which is taking place on the four-hours chart. Moreover, we’ve got a “Double Top”, which has been confirmed. So, the market is likely going to decline towards the 34 Moving Average, which could be a...

EUR/USD: POSSIBLE "TRIPLE TOP" 06:44 04.05.2017 The price is still consolidating near the upper side of the current “Wedge”. At the same time, there’s a possible “Triple Top”. If this pattern confirms, the market is likely going to decline towards the 55 Moving Average. If a pullback from...

AUD/USD: AUSSIE MADE NEW LOWS 05:38 04.05.2017 Technical levels: support – 0.7380, 0.7340; resistance – 0.7450. Trade recommendations: 1. Sell — 0.7450; SL — 0.7460; TP1 — 0.7380; TP2 — 0.7340. Reason: expanding bearish Ichimoku Cloud, falling Senkou Span A and B; a new dead cross of...

EUR/USD: EURO SUPPORTED BY CLOUD 05:37 04.05.2017 Technical levels: support – 1.0890; resistance – 1.0960. Trade recommendations: 1. Buy — 1.0900/10; SL — 1.0880; TP1 — 1.0960; TP2 – 1.1000. Reason: expanding bullish Ichimoku Cloud, rising Senkou Span A; a cancelled golden cross of...

BANKS FORECASTS AHEAD OF THE FOMC MEETING 12:35 02.05.2017 The Federal Open Market Committee will deliver its rate statement on May 3. Most analysts expect the FOMC to stay on. Current Target Rate probabilities for the Fed Meeting: 95.2% for leaving interest rate unchanged at 1%, and only 4.8%...

EUR/USD: WAVE (III) NEARLY OVER 11:34 02.05.2017 The pair is still consolidating under 7/8 MM Level. Therefore, there’s an opportunity to have a new local high in the short term. Anyway, wave (iii) is likely going to end soon, which means we could have wave (iv) later on. As we can see on...