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Forex Analytics GBP/USD: "Breakaway Gap" has been formed 25 April 2016 Sergey Logachev The price has been rising since a «V-Bottom» pattern arrived at the local low. The pair faced a resistance at 1.4458, so the market is likely going to reach a support at 1.4347. If a pullback from this...

Forex Analytics EUR/USD: correction from the "V-Bottom" 25 April 2016 Sergey Logachev The pair was moving down on Friday, so we've got a support at 1.1233 and a «V-Bottom» pattern. It's likely to see a local upward correction. At the same time, bears have enough power to get a support at...

Forex Analytics USD/JPY continues consolidation 21 April 2016 Tatiana Norkina, FBS analyst Yesterday USD/JPY managed to consolidate its position inside of the four-hour Ichimoku cloud. Tenkan-sen, Kijun-sen lines and the lower boundary of the Ichimoku cloud simultaneously has played the role...

Forex Analytics Nikkei 225 broke pivotal resistance level 17170.00 21 April 2016 By: Dmitriy Chernovolov -Nikkei 225 broke pivotal resistance level 17170.00 -Next buy target – 17800.00 Nikkei 225 continues to rise – following the earlier breakout of the pivotal resistance level 17170.00...

Forex Analytics AUD/CHF reached buy target 0.7540 21 April 2016 By: Dmitriy Chernovolov -AUD/CHF reached buy target 0.7540 -Next buy target – 0.7700 AUD/CHF recently broke above the strong resistance level 0.7540 (which reversed earlier waves (A) and 1 and which was set as the buy target in...

Forex Analytics EUR/AUD reached sell targets 1.4600 and 1.4470 21 April 2016 By: Dmitriy Chernovolov -EUR/AUD reached sell targets 1.4600 and 1.4470 -Next buy target - 1.4400 EUR/AUD has been falling in the last few trading sessions - following the earlier breakout of the support levels...

Forex Analytics GBP/USD: price reached the "Thorn" once again 21 April 2016 Sergey Logachev The price has formed a “Double Top” under the nearest resistance at 1.4426. Considering a confirmation of this pattern, the market is likely going to get a support at 1.4282. If so, a rise becomes...

Forex Analytics EUR/USD: bears took a cue from the "Double Top" 21 April 2016 Sergey Logachev We've got a “Double Top”, which has been confirmed, so the price reached a support at 1.1284. The market is likely going to achieve the next support at 1.1259 – 1.1233. If a pullback from this area...

Forex Analytics Forex trading plan for April 21 EUR/USD: The market’s attention will be focused on the European Central Bank’s decision (11:45 GMT, no changes in policy are expected) and the press conference of the ECB President Mario Draghi (12:30 GMT). European economic figures were...

Forex Analytics Forex trading plan for April 20 By Kira Iukhtenko Risk-sentiment: Despite the evident failure of the Doha talks, market sentiment remains rather upbeat: we’ve seen the risky currencies strengthen significantly over the recent days. Economic calendar for April 20: 8:30 GMT –...

Forex Analytics USD/JPY: yesterday's "Window" becomes a support 19 April 2016 Galina Svetlova The previously formed a “Morning Doji Star” and a “Three White Soldiers” have been confirmed, so yesterday’s “Window” was closed by the last white candles. We haven’t got any reversal patterns so...

Forex Analytics EUR/USD: "harami" is the only one hope for bears 19 April 2016 Galina Svetlova The 89 Moving Average and the lower “Window” have acted as a support, so we’ve got a “Hammer” at the last low. Bulls formed two “Three Methods” patterns on the way, which points to a possibility...

Forex Analytics NZD/JPY reached buy target 76.200 19 April 2016 By: Dmitriy Chernovolov -NZD/JPY reached buy target 76.200 -Next buy target – 78.00 NZD/JPY continues to rise inside the minor ABC correction 2 – which earlier broke through the resistance level 76.200, which was set as the buy...

Forex Analytics NZD/USD reached buy target 0.7000 19 April 2016 By: Dmitriy Chernovolov -NZD/USD reached buy target 0.7000 -Next buy target - 0.7050 NZD/USD continues to rise after the earlier breakout of the resistance level 0.7000, which was set in our previous forecast as the buy target...

Forex Analytics GBP/USD: bulls run smack into the bearish "Thorn" 19 April 2016 Sergey Logachev The price has formed two “Thorns” in a row, which led to the current rise. Moreover, the downtrend line has been broken, so bulls are probably going to taste a resistance at 1.4426. Considering a...

Forex Analytics EUR/USD: bullish correction in a range of "Pennant" 19 April 2016 Sergey Logachev The price faced a support on the 89 Moving Average, which led to the current upward movement. There's a possible “Pennant” in progress, so the market is likely going to reach the upper side of...

Forex Analytics Forex trading plan for April 19 By Elizabeth Belugina Risk sentiment initially suffered on Monday because of decline in oil prices and an earthquake in Ecuador. However, oil was rather quick to recover the initial losses after the world’s leading oil producers failed on Sunday...

Forex Analytics AUD/CAD rising inside minor impulse wave 3 18 April 2016 By: Dmitriy Chernovolov -AUD/CAD rising inside minor impulse wave 3 -Next buy target – 1.0000 AUD/CAD recently reversed up sharply from the support zone lying at the intersection of support level 0.9800, lower daily...

Forex Analytics GBP/JPY reversed from resistance zone 18 April 2016 By: Dmitriy Chernovolov -GBP/JPY reversed from resistance zone -Next sell target - 148.70 GBP/JPY opened this week with the downward gap – which follows the earlier downward reversal from the resistance zone lying between...

Forex Analytics USD/JPY: bears let the "Black Crows" run free 18 April 2016 Galina Svetlova There're a “Doji” and a “Three Black Crows” at the last high. Monday’s opening brought a new “Window”, so the price is likely going to get a resistance on it. If so, it’ll be possible to see a decline...