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USD/JPY: DOLLAR GOING TO APRIL’S HIGHS 05:29 26.04.2017 Technical levels: support – 110.80, 110.50; resistance – 111.50. Trade recommendations: 1. Sell — 111.50; SL — 111.70; TP1 — 110.80; TP2 — 110.50. Reason: bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and...

GBP/USD: POUND IN CONSOLIDATION 05:27 26.04.2017 Technical levels: support – 1.2810; resistance – 1.2830, 1.2900. Trade recommendations: 1. Buy — 1.2840; SL — 1.2820; TP1 — 1.2900; TP2 — 1.2980. 2. Sell — 1.2820; SL — 1.2840; TP1 — 1.2710; TP2 — 1.2630. Reason: bullish Ichimoku Cloud, but...

GBP/USD: POUND IN CONSOLIDATION 05:27 26.04.2017 Technical levels: support – 1.2810; resistance – 1.2830, 1.2900. Trade recommendations: 1. Buy — 1.2840; SL — 1.2820; TP1 — 1.2900; TP2 — 1.2980. 2. Sell — 1.2820; SL — 1.2840; TP1 — 1.2710; TP2 — 1.2630. Reason: bullish Ichimoku Cloud, but...

EUR/USD: WAVE (III) GOING TO END 16:11 25.04.2017 We’ve got a new high on the four-hours chart. However, if the price couldn’t find a lodgment, bears are likely going to deliver a correction. The main target for wave (iv) is 4/8 MM Level. There’s a possible double zigzag in wave (iii)...

USD/JPY: BULLS CAN'T STOP 13:16 25.04.2017 There’s a bullish “Three Methods” pattern, which has been confirmed enough. Therefore, the price is likely going to continue moving up until any bearish candle pattern arrives. More: https://fbs.com/analytics/articles/usd%2fjpy%3a_bulls_can%27t_stop_701

EUR/USD: "WINDOW" STILL OPEN 13:10 25.04.2017 Monday’s “Window” are pushing the price even higher despite of the last “Belt Hold” pattern. Therefore, if a pullback from the nearest support happens, bulls are likely going to test the last high in the short term. We’ve got a “Three Black...

WHERE BITCOIN IS HEADING? 12:46 25.04.2017 Bitcoin’s price spiked to $1,270 on Monday leaving it within $40 of its all-time high ($1,316) reached in early March on the speculation that the Securities and Exchange Commission might soon approve the first bitcoin exchange-traded fund. Bitcoin has...

AUD/USD: BULLS SHOWED THEIR WEAKNESS 06:47 25.04.2017 On the AUD/USD daily chart, the bulls for the second time in the last couple of days tried to push quotes out of the downward trading channel. They failed to do so. Most likely, they fail to implement an inverted Gartley pattern with target...

EUR/USD SHORT-TERM AND LONG-TERM FORECASTS FROM BANKS 08:37 25.04.2017 Now, when political risks amid French presidential elections have faded, euro traders will focus on the Thursday’s European Central Bank monetary policy meeting and press conference. The market participants will be eager to...

EUR/USD: BULLS GOING TO TEST MONDAY'S HIGH 07:03 25.04.2017 There’s a “V-Top” at the last high, so the price is consolidating between the levels 1.0872 – 1.0828. Therefore, bulls are likely going to test the nearest resistance at 1.0918. If a pullback from this level happens, there’ll be an...

GOLD CAME ACROSS THE WEDGE 06:49 25.04.2017 On the daily chart of gold, the bulls failed to settle down above the important resistance level of $1,287 per ounce. There might be a pullback towards $1,260 and $1,250. To restore the uptrend, buyers need to update the April high. If they succeed...

MORNING BRIEF FOR APRIL 25 06:26 25.04.2017 Safe-haven assets, including the yen and gold, are still under pressure as investors whet their appetites for the riskier assets after centrist Macron qualified for the May 7 runoff alongside far-right nationalist Marine Le Pen. While polls show...

AUD/USD: BULLS ARE STOPPED BY CLOUD 05:16 25.04.2017 Technical levels: support – 0.7550; resistance – 0.7570. Trade recommendations: 1. Sell — 0.7540; SL — 0.7560; TP1 — 0.7470; TP2 — 0.7430. Reason: bearish Ichimoku Cloud, horizontal Senkou Span A and B; a new golden cross of Tenkan-sen and...

EUR/USD: EURO NEEDS A CORRECTION 05:15 25.04.2017 Technical levels: support – 1.0800; resistance – 1.0900. Trade recommendations: 1. Sell — 1.0860; SL — 1.0880; TP1 — 1.0800. 2. Buy — 1.0800; SL — 1.0780; TP1 — 1.0900; TP2 – 1.0930. Reason: bullish Ichimoku Cloud, but Senkou Span A and B are...

AUD/NZD REVERSED FROM SUPPORT ZONE 15:42 24.04.2017 AUD/NZD reversed from support zone Next buy target - 1.0850 AUD/NZD continues to rise after the earlier sharp upward reversal from the support zone lying between the key support level 1.0650 (which also reversed the price in February), lower...

EUR/NZD RISING INSIDE INTERMEDIATE IMPULSE WAVE (3) 15:41 24.04.2017 EUR/NZD rising inside intermediate impulse wave (3) Next buy target - 1.5700 EUR/NZD continues to rise inside the intermediate impulse wave (3) – which started earlier from the support area lying between the key support level...

EUR/USD: WAVE 2 ON THE WAY 14:45 24.04.2017 Wave 2 has been continued, so there’s a new local high. Previously, we’ve got a wedge pattern in wave 1. The main bullish target is 5/8 MM Level, which could be a departure point for wave 3. As we can see on the four-hours chart, there’s a...

USD/JPY: BULLS GOING TO TEST LAST HIGH AGAIN 13:03 24.04.2017 A new “Window” has just arrived, but the price faced a resistance on the 55 Moving Average. Also, we’ve got a “Belt Hold”. If this pattern confirms and a pullback from the 89 Moving Average happens, there’ll be an opportunity to...

EUR/USD: BULLISH "WINDOW" 13:00 24.04.2017 There’s a new “Window”, but we’ve got a bearish “Belt Hold” at the local high. Nevertheless, the middle of the last huge black candle is likely going to act as a resistance. If a pullback from this level happens, there’ll be an opportunity to have a...

OIL MARKET OVERVIEW 10:24 24.04.2017 Oil prices regained their footing on Monday following substantial losses they experienced last week as an OPEC-led committee pledged to back extension of the supply cut deal and as investors favored riskier assets after the first round of the election...