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GBP/USD: waiting for the end of correction 8/4/2016 Technical levels: support – 1.3270; resistance – 1.3370, 1.3480. Trade recommendations: 1. Buy — 1.3270; SL — 1.3250; TP1 — 1.3370; TP2 — 1.3480. Reason: a bullish Cloud with growing range; golden cross of Tenkan-sen and Kijun-sen; the...

EUR/USD: euro has corrected 8/4/2016 Technical levels: support – 1.1130/40, 1.1105; resistance – 1.1170, 1.1220. Trade recommendations: 1. Buy — 1.1130/40; SL — 1.1110; TP1 — 1.1220; TP2 – 1.1270. Reason: bullish Ichimoku Cloud; golden cross of Tenkan-sen and Kijun-sen; the markets...

EUR/USD: wave going to end 8/4/2016 Wave 4 has been ended in a form of a “Double Three”, so we’ve got a pullback from 4/8 Murrey Math Level (P=200). It’s likely that we’ve got wave in progress, which main target is 2/8 Murrey Math Level. If we see a pullback from this level, there’ll be an...

GBP/USD: consolidation going to be continued 8/4/2016 The price is moving up and down along a resistance at 1.3339. So, the pair is likely going to achieve a support near the 55 Moving Average. If bears be stopped here, then an upward movement becomes possible, so we should keep an eye on the...

EUR/USD: "Double Top" stopped bullish rally 8/4/2016 The price has faced a resistance at 1.1235, which led to form a “V-Top” pattern, so we’ve got the current downward movement. Therefore, bears are likely going to reach a support at 1.1120 in the short term. If we see a pullback from this...

USD/CAD: loonie is searching for a new driver 8/4/2016 On the daily chart USD/CAD returned to the levels inside the rising triangle. A break above its upper bordrer will help to restore the medium-term bullish trend. As a result, the pair may realize 161.8% of AB=CD pattern target at 1.3520. On...

EUR/USD: bulls showed weakness 8/4/2016 On the daily EUR/USD chart one may see that the attack of the bulls have spluttered. The inability of the bulls to hold the pair above 1.1175 points at their weakness. Whether it's temporary or we are speaking about the resumption of bearish trend will...

GBP/USD & BoE Interest Rate Decision: Will the downside pressure return to the Sterling? 8/4/2016 Today at 11:00 GMT will be released the BoE interest rate decision, where the markets are expecting a rate cut by 25 bp. Currently, the rates stand at 0.50% and that could give the bears enough...

USD/JPY: bears going to break the last low 8/4/2016 There's a “Shooting Star” at the local high, which has been confirmed strongly. So, the price is likely going to decline towards the nearest “Window”. We've got a confirmed bullish “Harami” at the last low, but the nearest “Window” could...

EUR/USD: new yearly low is coming because of "Shooting Star" 8/4/2016 There’s a correction inside the main bearish trend. Also, the price faced a resistance on the 34 & 55 Moving Average lines. Moreover, there’s a “Shooting Star” at the local high, which has been confirmed by the “Three Line...

Forex trading plan for August 4 US dollar index: DXY recovered a bit, but remains under bearish pressure after breaking below important support in the 95.40 area on Tuesday. According to ADP report, US private sector added 179K new jobs in July and the reading for June was also revised higher...

CHF/JPY falling inside sharp impulse wave 8/3/2016 CHF/JPY falling inside sharp impulse wave Next sell target - 102.20 CHF/JPY continues to fall inside the sharp intermediate impulse wave (3), which began previously – when the pair reversed down from the resistance zone lying between the...

NZD/JPY continues daily downtrend 8/3/2016 NZD/JPY continues daily downtrend Next sell target - 72.00 NZD/JPY has been falling in the last few trading sessions inside the minor impulse wave (iii), which belongs to the impulse wave 3 of the intermediate downward impulse (3) from March. The...

NZD/USD: bears going to deliver wave (i) 8/3/2016 It seems like wave [ii] has been ended in a form of a zigzag, so there’s a possibility to have a downward impulse in wave (i). The nearest bearish target is 5/8 Murrey Math Level (P=200). If the price breaks this level, bears will likely going...

EUR/USD: wave v of (c) successfully ended 8/3/2016 We’ve got a pullback from 4/8 Murrey Math Level (P=200), which points to a possible ending of wave 4 in a form of a “Double Three”. Therefore, wave of 5 is likely going to be started, so we should keep an eye 2/8 Murrey Math Level, which...

Key option levels: August 3rd 8/3/2016 EUR/USD Main trend Short-term period Medium-term period Bearish Bearish Changes in the open interest - 28 580 ↓ + 71 490 ↑ Closest resistance levels 1.1251; 1.1269; 1.1289; 1.1319 Closest support levels 1.1209...

AUD/USD: the bullish mood 8/3/2016 Technical levels: support – 0.7560; resistance – 0.7620. Trade recommendations: 1. Buy — 0.7560; SL — 0.7540; TP1 — 0.7620; TP2 — 0.7680. Reason: bullish Ichimoku Cloud, Senkou Span A and B are growing up; golden cross of Tenkan-sen and Kijun-sen is...

GBP/USD: pound feels great 8/3/2016 Technical levels: support – 1.3290; resistance – 1.3370, 1.3480. Trade recommendations: 1. Buy — 1.3290; SL — 1.3270; TP1 — 1.3370; TP2 — 1.3480. Reason: a bullish Cloud with growing range; golden cross of Tenkan-sen and Kijun-sen; a new highs for last...

GBP/USD: "Pennant" highlight possibility of more bullish pressure 8/3/2016 We’ve got a correction in progress. The price has already faced a resistance at 1.3339, which brought a local decline into the market. Therefore, bulls are likely going to reach the 89 Moving Average in the short term...

EUR/USD: "Flag" calling bulls to deliver new high 8/3/2016 As we can see on the four-hour chart, a bullish movement is taking place. The price found a resistance at 1.1235, which led to the current local consolidation. So, buyers are likely going to move on, which makes possible an...