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USD/JPY: the bears are coming 7/6/2016 As we expected, rebound from the bottom of the four-hour Ichimoku’s cloud has led to a resumption of the downtrend on USD/JPY market. During the past days the currency pair has updated 2-week lows dropping to 100.60. It’s a strong supporting area. There...

EUR/USD: the downtrend has resumed 7/6/2016 During yesterday's trading the Eurodollar unsuccessfully tested again the 1.1170 resistance. The frustrated bulls had left the market resulting in strong short sales of the currency pair. During the day the major Forex currency pair had lost more than...

GBP/USD: don't try to catch falling knives 7/6/2016 British pound keeps declining versus the US dollar. GBP/USD has reached our previous targets. The main question now is: where is the bottom? Harmonic patterns will show us an answer. On H1 long-term model AB=CD, painted in red, with target...

EUR/USD: bears started to attack 7/6/2016 The downtrend is resuming on the daily EUR/USD chart. This may be seen from the position of the moving averages (EMA9 and EMA26) and the fact that –DMI is above +DMI. MACD begins declining - a reason to look for sell signals. On H1 EUR/USD is moving...

USD/JPY: bears in the game again 7/5/2016 The price has been falling down since a “Doji” arrived at the last high. So, bears is likely going to move on in the short term. As we can see on the Daily chart, there’s an “Engulfing” at the local high, which has been confirmed enough. Considering...

EUR/USD: "Shooting Star" calling bears into the market 7/5/2016 The price has achieved the 55 Moving Average, so we’ve got a “Shooting Star” here, but this pattern hasn’t been confirmed yet. At the same time, the upper side of the current window is acting as a resistance. So, the 55 Moving...

GBP/CHF broke key support level 1.2860 7/5/2016 GBP/CHF broke key support level 1.2860 Next sell target - 1.2600 GBP/CHF recently reversed down sharply from the resistance zone lying at the intersection of the resistance level 1.3200 and the 23.6% Fibonacci retracement level of the earlier...

GBP/CAD broke daily down channel 7/5/2016 GBP/CAD broke daily down channel Next sell target - 1.6500 GBP/CAD recently broke through the support levels 1.7600 (previous sell target set in our earlier forecast for this currency pair) - and 1.7500. After breaking below 1.7500 – the pair corrected...

GBP/USD: new low is on the way due to the "Triangle" 7/5/2016 We’ve got a consolidation in a range of the current “Pennant” above the local support at 1.3226. This pattern is likely going to be broken shortly, so we should keep an eye on the next support at 1.3116 – 1.3016. If a pullback from...

EUR/USD: bears going to break the "Triangle" 7/5/2016 There’s a consolidation in progress under the 34 Moving Average. It seems like the price is about to finish forming the local high. Therefore, the market is likely going to reach a support area between the levels 1.1057 – 1.1032 in the...

AUD/USD: the Aussie is overbought 7/5/2016 Yesterday the pair AUD/USD updated the two-week highs to the 0.7540. As we noted earlier, there is a strong resistance at this level. Additionally, the market was quite overbought. It's stopped the recovery process. Therefore today we saw a correction...

USD/JPY: rebounding from the clouds 7/5/2016 As we expected, yesterday the pair USD/JPY was trading at the lower boundary of the four-hour Ichimoku cloud. The bulls failed breaking out that resistance. Therefore the downtrend was continued. Today trading goes already at the 102-th figure...

EUR/USD: inside the cloud area 7/5/2016 During yesterday's session Eurodollar has remained inside the Ichimoku cloud on the four-hour timeframe. The bulls still can’t breakout through the resistance of 1.1170. Therefore, the prices made a pullback to the lines of Tenkan-Sen and Kijun-Sen...

XAU/USD: gold wants more 7/5/2016 There's a steady uptrend at the daily chart: ADX>25 and rising, +DMI>-DMI, EMA9>EMA26. Correction in the form of declining MACD will be short-lived and may be used to open long positions. We recommend buying on the pullbacks and on the break above important...

EUR/JPY: yen is waiting for the right time 7/5/2016 There's correction on the daily EUR/JPY chart. This is expressed in higher MACD and convergence of the moving averages (EMA26 and EMA9). At the same time, the trand remains bearish, ADX>25 and keeps rising, +DMI>-DMI. In the situation like...

USD/JPY: "Engulfing Bearish" points to a new downward movement 7/4/2016 There’s a “Doji” at the local high, which has been confirmed enough. So, the price is likely going to reach the 34 Moving Average shortly. As we can see on the Daily chart, we’ve got an unconfirmed “Engulfing”. If it...

EUR/USD: "Harami" increase bearish pressure 7/4/2016 We’ve got a “Tower” and a “High Wave” on the 34 Moving Average, but both patterns haven’t been confirmed yet. Also, there’s a strong resistance by the upper “Window”. As we can see on the Daily chart, here’s a “Harami”, but without a...

EUR/NZD reached sell target 1.5450 7/4/2016 EUR/NZD reached sell target 1.5450 Next sell target - 1.5200 EUR/NZD has been falling in the last few trading sessions inside the minor impulse wave 3, which is a part of the intermediate impulse wave (3) from the start of May. The price reversed...

GBP/NZD falling inside intermediate impulse wave (3) 7/4/2016 GBP/NZD falling inside intermediate impulse wave (3) Next sell target - 1.8200 GBP/NZD recently broke sharply through the support zone lying between the support trendline of the extended daily down channel from last September and the...

GBP/USD: how do big banks trade? 7/4/2016 Goldman Sachs: Short from 1.3281, Take Profit at 1.3177, Stop Loss at 1.3364 (July 3) UOB: Short from 1.3400, Take Profit at 1.3000, Stop Loss at 1.3530 (June 26) Societe Generale: Short from 1.3750, Take Profit at 1.2500, Stop Loss at 1.4500 (June...