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GBP/USD: "Pennant" highlight possibility to have a new low 8/12/2016 We’ve got a “Double Top” pattern, which has been confirmed enough, so the price reached a support at 1.2954. Also, bears have delivered a new low. Under this circumstances, sellers are likely going to move on, so we should...

EUR/USD: "Triple Top" stand in the way of bulls 8/12/2016 There’s a “Triple Top” pattern, so the market is likely going to get a support at 1.1120 – 1.1113 in the short term. However, if a pullback from this area happens, there’ll an opportunity to have an upward price movement in the...

USD/JPY: bouble bottom discouraged the bears 8/12/2016 On the daily USD/JPY chart the bulls keep aiming for resistance at 102.69. If the buyers manage to get here, risks of growth to 103.97 and 104.38 will increase. The latter corresponds to the upper border of an uptrend and 23.6% of the last...

AUD/USD met Three Indians 8/12/2016 On the daily AUD/USD chart the pair formed "Three Indians" pattern. A pin bar appeared in the area of the third top, it's lower border is close to 78.6% Fibo of the last bullish wave. If the bears manage to hold the pair below 0.7688, risks of decline to...

USD/JPY & U.S. Retail Sales: What will happen with the greenback? 8/12/2016 Today at 12:30 GMT we'll know the US retail sales numbers for July, where the markets are expecting a decrease from 0.6% to 0.4%, and the latest release suggested that the consumer force is a key factor for the economic...

Forex trading plan for August 12 8/11/2016 US dollar index hold its ground on Thursday after two previous days of decline. American unemployment claims came better than expected showing that the nation’s labor market is on good shape. We’ll find out more about American economy on Friday: the US...

EUR/AUD reached sell target 1.4500 8/11/2016 EUR/AUD reached sell target 1.4500 Next sell targets - 1.4300 EUR/AUD continues to fall after the earlier breakout of the long-term support level 1.4500, which has been steadily reversing this currency pair from December (as can be seen from the...

GBP/USD reached sell target 1.3000 8/11/2016 GBP/USD reached sell target 1.3000 Next sell target - 1.2840 GBP/USD today broke below the round support level 1.3000, which was set as the sell target in our previous forecast for this currency pair. The breakout of this support level continues the...

USD/JPY: "Window" has been waiting for bulls 8/11/2016 There’s a bullish “Harami” at the local low, but its confirmation is a quite weak. So, there’s an opportunity to have a local upward correction towards the nearest “Window” and the 34 Moving Average. If we see a pullback from these...

EUR/USD: "Tweezers" reversed the local trend 8/11/2016 We’ve got a lot of bearish patterns at the local high such as a “Harami”, a “Two Crows” and a “Tweezers”. So, the price is declining, but there’s also an opportunity to have a local bullish correction. Nevertheless, bears are likely going...

Key option levels for Thursday, August 11th 8/11/2016 EUR/USD Main trend Short-term period Medium-term period Bearish Bearish Changes in the open interest + 44 094 ? + 150 164 ? Closest resistance levels 1.1205; 1.1230; 1.1263; 1.1287 Closest support levels 1.1144/26...

EUR/USD: wave [d] of 4 is about to start 8/11/2016 Wave 4 is taking place on the four-hour chart. We’ve got a pullback from 3/8 Murrey Math Level (P=250), so there’s an opportunity to have wave [d] of 4. The main intraday target is 3/8 MM Level, which could set up wave [e] of 4 afterwards...

GBP/USD: "Flag" increasing bearish pressure 8/11/2016 Bulls faced a resistance at 1.3119, so we’ve got a “Double Top” pattern. Under this circumstances, the price is likely going to get a support at 1.2954 – 1.2877. Nevertheless, buyers will probably try to move on afterwards, so it’s likely...

EUR/USD: "Double Top" stopped bullish rally 8/11/2016 The price faced a resistance at 1.1186, which led to the current decline. So, the market is likely going to get a support at 1.1145 – 1.1120 in the short term. However, if we see a pullback from this area, then bulls will probably try to...

USD/JPY: consolidation under the cloud 8/11/2016 Technical levels: support – 101.00; resistance – 101.70. Trade recommendations: 1. Sell — 101.70; SL — 101.90; TP1 — 101.20; TP2 — 100.60. Reason: a new dead cross formed by Tenkan-sen and Kijun-sen; bearish Ichimoku Cloud; strong resistance...

AUD/USD: on the new highs[/URL] 8/11/2016 Technical levels: support – 0.7680/90, 0.7630; resistance – 0.7730. Trade recommendations: 1. Buy — 0.7680/90; SL — 0.7660; TP1 — 0.7730; TP2 — 0.7790. Reason: bullish Ichimoku Cloud; a golden cross of Tenkan-sen and Kijun-sen with its supporting of...

EUR/USD: euro has entered to positive zone 8/11/2016 Technical levels: support – 1.1150, 1.1120; resistance – 1.1170, 1.1190. Trade recommendations: 1. Buy — 1.1150; SL — 1.1130; TP1 — 1.1190; TP2 – 1.1230. Reason: bullish Ichimoku Cloud, rising Senkou Span A; a golden cross of Tenkan-sen...

EUR/USD: eurobulls are on the attack 8/10/2016 Technical levels: support – 1.1120, 1.1100; resistance – 1.1170. Trade recommendations: 1. Buy — 1.1120; SL — 1.1100; TP1 — 1.1170; TP2 – 1.1200. Reason: bullish Ichimoku Cloud, rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen...

USD/JPY: new low is coming because of "Engulfing" 8/10/2016 There’s a bearish “Engulfing” on the 34 Moving Average, which has been confirmed enough. However, there’s also an opportunity to have a local correction towards the nearest “Window”. As we can see on the Daily chart, here’s an...

NZD/CHF continues the strong uptrend 8/10/2016 NZD/CHF continues the strong uptrend Next buy targets - 0.7150 and 0.7200 NZD/CHF continues to rise inside the minor impulse wave 5, which stared earlier when the pair reversed up from the support zone lying between the pivotal support level 0.6850...