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GBP/USD: price consolidating under "Triangle" 7/29/2016 The price is consolidating between the 55 Moving Average and the nearest support at 1.3116. So, the pair is likely going to get the next support at 1.3015 in the short term. However, if we see a pullback from this support, a bullish...

EUR/USD: "Double Top" prevented further bullish steps 7/29/2016 The price faced a resistance at 1.1120, which led to form a “V-Top” pattern, so we’ve got a local decline. Therefore, the market is likely going to achieve the nearest support area’s lower side at 1.1032. However, if a pullback...

USD/JPY: the Bears attacked again 7/29/2016 Technical levels: support – 102.90; resistance – 103.70, 104.40. Trade recommendations: 1. Sell — 103.70; SL — 103.90; TP1 — 102.50; TP2 — 101.50. Reason: dead cross of Tenkan-sen and Kijun-sen; bullish Ichomoku Cloud but falling Senkou Span A...

EUR/USD: consolidation above the cloud 7/29/2016 Technical levels: support – 1.0950, 1.1070; resistance – 1.1090, 1.1170. Trade recommendations: 1. Buy — 1.1080; SL — 1.1060; TP1 — 1.1170. Reason: bearish mood of Ichimoku Cloud, but there is a rising Senkou Span A, Tenkan and Kijun; the...

USD/JPY: yen is resuming the trend 7/29/2016 On the daily USD/JPY chart recoil from the upper border of the long-term downtrend and the following decline of the price means that the bearish trend has resumed. It's target is at 100.8 (224% according to AB=CD). The nearest resistance is near...

EUR/USD: bears prepare their revenge 7/29/2016 On the daily EUR/USD chart the bulls came to the upper border of the rising channel. Successful test of the diagonal resistance will open the way to 1.1175 (38.2% Fibonacci of the last medium-term descending wave). However, if the bears manage to...

AUD/USD: optimistic Aussie 7/28/2016 Technical levels: support – 0.7505; resistance – 0.7560, 0.7600, 0.7620. Trade recommendations: 1. Sell — 0.7480; SL — 0.7500; TP1 — 0.7390; TP2 — 0.7320. Reason: bearish Ichomoku Cloud, but Senkou Span B is growing up; neutral Tenkan-sen and Kijun-sen; a...

EUR/USD reversed from support area 7/28/2016 EUR/USD rising inside minor correction (ii) Next buy target – 1.1150 EUR/USD recently reversed up sharply from the support area located between the strong support level 1.0950 (which also previously reversed the earlier minor impulse wave (i) in...

AUD/USD reversed from support zone 7/28/2016 AUD/USD reversed from support zone Next buy target - 0.7650 AUD/USD continues to rise after the earlier upward reversal from the support zone lying between the support level 0.7430 (which also earlier reversed the price sharply at the start of July)...

Why everyone awaits the BOJ decision? 7/28/2016 USD/JPY presents a difficult market. With the Bank of Japan’s meeting on Friday traders are nervous. The market players hesitate – should they prepare to the increase in Japanese monetary stimulus or should they brace themselves for the...

USD/JPY: "High Wave" points to a possible upward correction 7/28/2016 There’re a “Shooting Star” and a “High Wave” on the 144 Moving Average. So, the market is likely going get a support on the nearest “Window” once again. As we can see on the Daily chart, we’ve got a “Harami”, but it hasn’t...

EUR/USD: "Shooting Star" highlight a possibility of local correction 7/28/2016 The price is trading inside the “Window”. We haven’t got any reversal pattern so far, which makes possible an achievement of the 144 Moving Average. As we can see on the Daily chart, there’s a “Hammer” at the local...

EUR/USD: bears going to deliver wave 5 7/28/2016 There’s a possible ending of wave 4 in a form of a “Double Three”. Also, we’ve got a resistance by 2/8 Murrey Math Level (P=200). So, it’s very likely to see the beginning of wave 5 of (1) in the short term. As we can see on the one-hour...

GBP/USD: "Triple Top" points to a possible decline 7/28/2016 The price is testing the “Triangle’s” lower side. Also, we’ve got a resistance by the 55 Moving Average, so the price is likely going to continue falling down. If we see a pullback from a support at 1.3116 – 1.3015, there’ll be an...

USD/JPY: hiding in a cloud 7/28/2016 Technical levels: support – 104.60; resistance – 105.30, 105.60. Trade recommendations: 1. Buy — 104.80; SL — 104.60; TP1 — 105.60; TP2 — 106.00. Reason: the cancelled dead cross of Tenkan-sen and Kijun-sen; bullish Ichomoku Cloud and a Senkou Span A is...

EUR/USD: bulls have felt the blood 7/28/2016 Technical levels: support – 1.1020, 1.0950; resistance – 1.1070, 1.1090. Trade recommendations: 1. Sell — 1.1080; SL — 1.1110; TP1 — 1.0950; TP2 — 1.0910. Reason: bearish mood of Ichimoku Cloud, but there is a golden cross of Tenkan and Kijun...

GBP/USD: cloud attacked by bulls 7/28/2016 Technical levels: support – 1.3150/70, 1.3100; resistance – 1.3270, 1.3290. Trade recommendations: 1. Buy — 1.3180; SL — 1.3160; TP1 — 1.3270; TP2 — 1.3290. 2. Sell — 1.3150; SL — 1.3170; TP1 — 1.3060; TP2 — 1.3010. Reason: a weak range of the...

USD/CAD: bulls won't give up easily 7/28/2016 On the daily USD/CAD chart the bulls failed to settle above the upper border of the triangle, that increasses the risks of further correction. Resumption of the uptrend is possible only in case of return above July high. On H1 USD/CAD the attempt...

EUR/USD: bulls try to secure their advance 7/28/2016 On the daily EUR/USD chart the bulls returned the prices into 1.1-1.1175 channel. The pair's currently trying to take out resistance at 1.1072. The break of this level will inrease the risks of a rally to the upper border of consolidation...

USD/CAD & Low oil's prices: Targeting to 1.35? 7/28/2016 We've been seeing a very interesting action during this week regarding Oil's prices, as the recent data had helped the Canadian dollar to weaken against the greenback and at this stage, USD/CAD is testing new weekly highs, without...