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EUR/NZD falling inside impulse wave 3 and (3) 1/17/2017 EUR/NZD falling inside impulse wave 3 and (3) Next sell target – 1.4730 EUR/NZD has been falling in the last few trading sessions inside the minor impulse wave 3, which started earlier from the resistance zone lying between the pivotal...

EUR/USD: wave 2 going to move on 1/17/2017 It turns out that wave 2 is going to be continued, because we’ve got a wedge in wave [a]. Therefore, bears are likely going to deliver wave in the short term. If a pullback from 2/8 MM Level happens afterwards, there’ll be an opportunity to have...

USD/JPY: bullish "Harami" 1/17/2017 We’ve got an “Evening Star”, which has been confirmed. However, there’s a bearish “Three Methods” pattern, so the price is likely going to test the nearest “Window”. If a pullback from this level happens, there’ll be an opportunity to have another upward...

EUR/USD: bearish "Engulfing" near the "Window"[/] 1/17/2017 The 21 Moving Average acted as a support, so we’ve got a local “Tweezers” pattern, which led to the last upward price movement. If the pair faces a support on the nearest “Window” bulls are likely going to move on. We’ve got a...

AUD/USD: bulls are tested resistance 1/17/2017 Technical levels: support – 0.7490; resistance – 0.7530/40. Trade recommendations: 1. Sell — 0.7540; SL — 0.7560; TP1 — 0.7490; TP2 — 0.7450. Reason: bullish Ichimoku Cloud and the rising Senkou Span A and B; a golden cross of Tenkan-sen and...

GBP/USD: correction may finished soon 1/17/2017 Technical levels: support – 1.2060; resistance – 1.2150. Trade recommendations: 1. Sell — 1.2150; SL — 1.2170; TP1 — 1.2060; TP2 — 1.2030. Reason: bearish Ichimoku Cloud; a dead cross of Tenkan-sen and Kijun-sen, but the lines are horizontal...

GBP/USD: bulls going to close the gap 1/17/2017 The main trend is still bearish. However, we’ve got a “Thorn” and a “V-Bottom” patterns, so the price is likely going to fulfil yesterday’s “Breakaway Gap”. At the same time, bears are likely going to test a support at 1.1986 – 1.1946 later on...

EUR/USD: bullish "Flag" 1/17/2017 There’s a consolidation, which is taking place between the nearest resistance at 1.0669 and the 89 Moving Average. Also, we’ve got a “Flag” pattern, so bulls are likely going to test a resistance at 1.0697 – 1.0709. If a pullback from this area happens...

EUR/GBP & UK CPI for December: Is the opportunity to fill the gap? 1/17/2016 The United Kingdom continues to be the headline on the wires during this week, as today at 09:30 GMT we’ll have the UK CPI for December, which is expected to see an increase to 1.4% from 1.2%.This move is likely to...

EUR/JPY falling inside minor C-wave 1/16/2017 EUR/JPY falling inside minor C-wave Next sell target - 120.00 EUR/JPY continues to fall inside the C-wave of the active intermediate ABC correction (4) from the middle of December (which started when the pair reversed down from the powerful...

CAD/JPY falling inside intermediate impulse wave (3) 1/16/2017 CAD/JPY falling inside intermediate impulse wave (3) Next sell target – 86.00 CAD/JPY has been falling in the last few trading sessions inside the intermediate impulse wave (3), which started earlier from the powerful multi-month...

EUR/USD: wedge in wave (i) 1/16/20117 There’s a zigzag in wave 2. Previously a wedge in wave 1 has been formed, so bears are likely going to form another impulse in wave . The main intraday target is 1/8 MM Level. As we can see on the one-hour chart, there’s a small wedge in wave (i). So...

USD/JPY: bullish "Engulfing" 1/16/2017 We’ve got a “Hammer” and a “Harami” patterns, but both of then haven’t been confirmed yet. Therefore, the pair is likely going to test the nearest support level, which could be a departure point for another bullish movement. There’re an “Inverted...

EUR/USD: "Window" acted as a resistance 1/16/2017 The upper “Window” acted as a resistance, so we’ve got a bearish “Doji”, which has been confirmed enough. So, the price is likely going to test the 34 & 55 Moving Averages in the short term. If any bullish pattern arrives afterwards, there’ll...

USD/JPY: on the new local lows 1/16/2017 Technical levels: support – 113.80; resistance – 114.50. Trade recommendations: 1. Sell — 114.50; SL — 114.70; TP1 — 113.80; TP2 — 113.10. Reason: bearish Ichimoku Cloud, falling Senkou Span A and B; a new dead cross of falling Tenkan-sen and...

EUR/USD: euro supported by Cloud 1/16/2017 Technical levels: support – 1.0570; resistance – 1.0640, 1.0700, 1.0730. Trade recommendations: 1. Buy — 1.0570; SL — 1.0550; TP1 — 1.0640; TP2 – 1.0700. Reason: expanding bullish Ichimoku Cloud; a new golden cross of Tenkan-sen and Kijun-sen, but...

GBP/USD: "Breakaway Gap" 1/16/2017 There’s a “Breakaway Gap”, so we’ve got a new low. Bulls are likely going to fulfil the gap in the short term, so we should keep an eye on a resistance at 1.2113 as a possible intraday target. Nevertheless, there’s an opportunity to have another decline...

EUR/USD: bearish "Double Top" 1/16/2017 The price is still consolidating in a support area. Therefore, buyers are likely going to test the nearest resistance at 1.0650 - 1.0669 in the short term. If we see a pullback from these levels, there’ll be an opportunity to have another decline...

EUR/USD: bears decided to repeat attack 1/16/2017 On the daily EUR/USD chart the inability of the bulls to renew January high led to the formation of the inside bar. During trading on January 13 there was support at 1.0595-1.0600. Its first test was unsuccessful, but in the near term bears will...

AUD/USD: bears are counting on the wedge 1/16/2017 On the daily AUD/USD chart, the bears are trying to use the inside bar and return the quotes below support at 0.7467 (50% of the last medium-term descending wave). If they succeed, risks of decline towards $0.7390 will increase. On H1...