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EUR/USD: "HARAMI" AND "ENGULFING"

14:18 14.08.2017

 

1502709439-b19fe1138d0769f2aa36af7fee045

 

The 55 Moving Average has acted as support, but there's a bearish "Doji" on the last high. So, the price is likely going to test the 34 MA, which could be a departure point for another upward price movement.

 

1502709439-824d2bd4495423b8e05fd79b66c6e

 

There are bearish patterns such a "Harami" and an "Engulfing". So, the 34 & 55 Moving Averages are going to act as support. If we have a pullback from these lines, there'll be an opportunity to see a local upward price movemen

 

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USD/JPY: "DOJI" PUSHED PRICE HIGHER

14:19 14.08.2017

 

1502709439-8a1e14a2e528e1e2bd5906e5ed956

 

The last "Doji" pushed the price higher. However, there isn't any bearish pattern so far, so the pair is likely going to test the next Moving Average. If a pullback from this line happens, we could have just another decline.

 

 

1502709439-83c0a3ff4d84b4d2ed22d969182d6

 

We've got a "Doji" and a "Hammer", which both have been confirmed enough. So, bulls are likely going to test the nearest "Window" in the short term. If any bearish pattern arrives little later on, there'll be an opportunity to have a decline.

 

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GBP/USD: BEARS CAN REACH NEW LOWS

08:37 15.08.2017

 

Technical levels: support – 1.2960, 1.2910; resistance – 1.3040, 1.3100.

 

Trade recommendations:

 

Buy — 1.2980; SL — 1.2960; TP1 — 1.3040; TP2 — 1.3100.

Buy — 1.2910; SL — 1.2890; TP1 — 1.3000; TP2 — 1.3040.

Reason: bearish Ichimoku Cloud with horizontal Senkou Span A and B; a cancelled dead cross of Tenkan-sen and Kijun-sen; the prices on the strong support, but the Bears can breakdown it to 1.2910.

 

1502775453-5838ef800660551113de2aff99712

 

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USD/JPY: DOLLAR ROSE TO CLOUD

08:38 15.08.2017

 

Technical levels: support – 109.80; resistance – 110.70.

 

Trade recommendations:

 

Sell — 110.70; SL — 110.90; TP1 — 109.80; TP2 — 109.10.

Reason: bearish Ichimoku Cloud with falling Senkou Span B; a cancelled dead cross of Tenkan-sen and Kijun-sen, rising lines; the Cloud will resist the bull’s attack.

 

1502775453-3dcc4d3b0e9d38341d309e86e7227

 

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EUR/USD: BEARS GOING TO TEST NEXT SUPPORT

10:05 15.08.2017

 

1502780607-b71d1ac03a23c61779acd397d911c

 

Bulls faced resistance at 1.1846, so there's a "Triple Top", which pushed the price to support at 1.1757. So, the market is likely going to test the nearest support at 1.1712 in the short term. If a pullback from this level happens, bulls will probably try to reach the nearest resistance at 1.1846 - 1.1875.

 

1502780607-e21a48bdd7e6cd43b1dc9f578de7e

 

The last "Pennant" pattern has been broken, so the price found support at 1.1757. Nevertheless, the pair is likely going to test the next support at 1.1727 - 1.1712 during the day. However, there's an opportunity to have an upward correction towards resistance at 1.1801 - 1.1823 afterwards.

 

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GBP/USD: BEARISH "PENNANT"

10:08 15.08.2017

 

1502780607-f0f084a7703435c6fbfd57a6f3cb9

 

The price is consolidating between the levels 1.3032 - 1.3047. Also, there's a "Flag" pattern, so bears are likely going to achieve the closest support at 1.2926 - 1.2951. If a pullback from this area happens, we should keep an eye on the nearest resistance at 1.3013 - 1.3032 as an intraday bullish target.

 

1502780606-088563e5ccf24c4213a189c3c7e87

 

The 55 Moving Average has acted as resistance, so we've got a "Triple Top" pattern. At the same time, there's a "Pennant", so the market is likely going to test the next support at 1.2926 - 1.2951 in the coming hours. Considering a possible pullback from these levels, there's an option to have a bullish price movement towards resistance at 1.2997 - 1.3013 little later on.

 

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AUD/USD IS GETTING READY FOR A BREAK

11:12 15.08.2017

 

Recommendations: BUY 0.7918 SL 0.7863 TP 0.8030, SELL 0.7838 SL 0.7893 TP 0.7740 

 

On the daily chart, AUD/USD keeps consolidating in the range between 0.7835 and 0.7915. The break of its upper border will create an opportunity for the bullish trend resumption. On the other hand, successful test of support at 0.7835 will increase the risks of 113% target of the “Shark” pattern.

 

1502784743-1db64c049cc9775b27418fd0e6b08

 

On H1, AUD/USD formed a “widening wedge”. A successful test of the upper border of the rising channel with the following retest of point 5 will be a signal for long positions. On the other hand, return to point 4 and break below support will allow bears to continue their assault.

 

1502784756-ef00342837a633bda01cab6a3fe3e

 

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EUR/USD: 55 MA TESTED ONCE AGAIN

14:01 15.08.2017

 

1502794851-3eca75e10603eaa29fbf59630383e

 

The 55 Moving Average has been tested once again, but we still don't have any confirmed bullish pattern. So, we could have a new local low soon. If another pullback from the nearest support happens, there'll be an option to have an upward price movement

 

1502794850-28cf62372d025bd1f17982aa411a1

 

We've got a bullish "Hammer" at the local low, but confirmation of this pattern isn't enough. So, the price is likely going to test the 34 & 55 Moving Averages, which could be a departure point for another decline.

 

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USD/JPY: BULLISH "THREE METHODS"

14:04 15.08.2017

 

1502794851-43235800841fe287e0904612a6f02

 

There isn't any reversal pattern so far, cause all the last candles are bullish. Therefore, the market is likely going to test the 89 Moving Average in the coming hours.

 

1502794850-0bfc571dcbe743bdfa0614fa22ede

 

We've got a bullish "Three Methods", which hasn't been confirmed yet. Anyway, bulls are likely going to continue pushing the price even higher until any bearish pattern arrives.

 

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EUR/USD: EURO FELL INTO CLOUD AGAIN

08:44 16.08.2017

 

Technical levels: support – 1.1700, 1.1640; resistance – 1.1770, 1.1820.

 

Trade recommendations:

 

Buy — 1.1640; SL — 1.1620; TP1 — 1.1700; TP2 – 1.1770.

Reason: narrowing bullish Ichimoku Cloud with falling Senkou Span A; a new dead cross of Tenkan-sen and Kijun-sen; the prices returned into the Cloud and will test the support of Senkou Span B.

 

1502862248-5974574d0f06c411e972e24d898d2

 

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AUD/USD: AUSSIE CONTINUE TO FALLING

08:45 16.08.2017

 

Technical levels: support – 0.7820; resistance – 0.7890.

 

Trade recommendations:

 

Buy — 0.7830; SL — 0.7810; TP1 — 0.7890; TP3 — 0.7940.

Reason: bearish Ichimoku Cloud with falling Senkou Span A; a new dead cross of Tenkan-sen and Kijun-sen; the prices are on the strong support of 0.7800/20.

 

1502862248-42a68b4bfa2f0515dfbaa054e9dba

 

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GOLD: BULLS SHOWED WEAKNESS

09:50 16.08.2017

 

Recommendation:

 

SELL $1267

 

SL $1280

 

TP $1250 TP2 $1235 TP3 $1224

 

On the daily chart, the second attempt of bulls to return the quotes inside the previous medium-term bullish channel failed. If bears manage to let gold outside the short-term bullish channel and then pull the price below support at $1250 an ounce, the odds of reaching 88.6% target of the Shark pattern will strengthen.

 

1502866185-3c3c5205e2350e553c87bfb24c322

 

On H1, bears still have a chance of the “Widening wedge” pattern. For that, there’s the need of successful test of support at $1267 and $1252.

 

1502866202-ccae822ec07d68fa61b1c2713a582

 

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USD/CAD: BULLS SAW A RED RAG

10:02 16.08.2017

 

Recommendation: BUY 1,277 SL 1,2715 TP1 1,287 TP2 1,294. 

 

On the daily chart, bulls are trying to develop their advantage and conquer resistance at 1.2737-1.2765. If they succeed, the odds of correction towards 1.2925-1.2939 will increase. To resume the downtrend, bears need to lead the pair outside of the bullish trend channel and then overcome support at 1.2650.

 

1502866847-1430b06b52ccdf0a9e951da313446

 

On H1, USD/CAD formed the “Dragon” pattern. A successful test of resistance at 1.2770 will strengthen the risks of a pullback to 1.2870 and 1.2940.

 

1502866859-5c726ce87bf89e31cdcfbd4c37b26

 

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EUR/USD: "V-BOTTOM" PATTERN

11:43 16.08.2017

 

1502872975-832cfca388db09b59e99363bd0b7c

 

We've got a "Triple Top", so the price is declining, but bears faced support at 1.1683. Anyway, the market is likely going to test the 89 Moving Average soon. If a pullback from this line happens, we could have an upward price movement towards the nearest resistance at 1.1757 - 1.1801.

 

1502872974-8cad3a836f0c5daadc6b14aae9ce9

 

There's a "V-Bottom", so we've got a consolidation, which is taking place under resistance at 1.1748. However, the market is likely going to reach another support at 1.1670 - 1.1649 in the short term. If we have a pullback from this area, bulls will probably try to achieve the nearest resistance at 1.1757 - 1.1767.

 

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GBP/USD: ANOTHER BEARISH "PENNANT"

11:46 16.08.2017

 

1502872975-39bc872590706022010fb463ae927

 

The last "Flag" has been broken, so price plunged. It seems like bears are ready to move on, so we should keep an eye on the next support at 1.2830 - 1.2811 as an intraday target. Meanwhile, if a pullback from these levels happens little later on, there'll be an opportunity to have an upward price movement towards resistance at 1.2853 - 1.2892.

 

1502872975-6ed742ee86e5f6c41c3b31e48dac5

 

There's a "Pennant" pattern, so the pair is likely going to reach the closest support at 1.2830 - 1.2811 during the day. If we have a pullback from this area, bulls will have a green light to deliver an upward correction.

 

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EUR/USD: BEARISH "DOJI"

14:52 16.08.2017

 

1502884326-01929ee65d0c275535ffe63efb655

 

There's a bullish "Harami", but this pattern hasn't been confirmed yet. So, the price is likely going to test the 89 Moving Average. If any bullish pattern forms on this line, there'll be an opportunity to have an upward correction.

 

1502884326-db68544a46ded457c2a17ec8d02b5

 

The 34 & 144 Moving Averages acted as resistance, so there's a bearish "Doji", which has been confirmed. So, the market is likely going to continue moving down towards the next support level.

 

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USD/JPY: PRICE REACHED 89 MOVING AVERAGE

14:56 16.08.2017

 

1502884326-c11137a0dbf237ce6606ad50e6a38

 

The price has reached the 89 Moving Average, but there isn't any reversal pattern so far. We could have a local bearish correction, but the pair is likely going to climb even higher afterwards.

 

1502884326-e797346e837ba56ba4c05d81964bf

 

We've got a bearish "Tweezers", but confirmation of this pattern is a quite weak. Therefore, the market is likely going to reach the upper "Window", which could be a departure point for a decline.

 

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AUD/JPY REVERSED FROM SUPPORT AREA

19:42 16.08.2017

 

AUD/JPY reversed from support area

Next buy target - 88.00

AUD/JPY has been rising in the last few trading sessions – following the earlier upward reversal from support area lying between the strong support level 85.70 (which reversed earlier waves 4 and (ii), as can be seen from the daily AUD/JPY chart below), lower daily Bollinger Band and the 50% Fibonacci correction of the previous upward price impulse from the start of June. AUD/JPY is expected to rise to next buy target at the next resistance level 88.00 (target price for the completion of wave (2)).

 

GFWqYYb.png

 

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CAD/JPY RISING INSIDE MINOR B-WAVE

19:43 16.08.2017

 

CAD/JPY rising inside minor B-wave

Next buy target - 89.00

CAD/JPY continues rise inside the minor B-wave which started earlier from the support zone lying between the support level 85.60, 50% Fibonacci retracement of the previous upward impulse (3) from the start of June and the lower daily Bollinger Band. The active B-wave belongs to the intermediate ABC correction (4) from the end of July. CAD/JPY is expected to rise to next buy target at the next resistance level 89.00 (target price for the termination of the active wave B).

 

GFWsr4h.png

 

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SILVER (XAG/USD): LOOKING FORWARD TO RIDE A BULLISH WAVE

19:58 16.08.2017

 

Silver has been riding an overall bullish structure that it’s looking for a consolidation above the 200 SMA at H1 chart. According to our Fibonacci’s projections, the XAG/USD pair has made a rebound above a key demand zone between the 16.67 and 16.50 levels (50% - 65%) and it’s now pointing to test the 17.49 level, at which lies the -23.6% Fibonacci retracement level.

 

To the downside, if Silver manages to break below 16.50, then it can plummet towards 16.35 (78.6%), which is the last hurdle before to invalidate the bullish bias. RSI indicator remains in the positive territory.

 

1502902697-354b81df40e63674b85ac426ba69f

 

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GBP/USD: BEARS FULFILLED THEIR MISSION

09:33 17.08.2017

 

Recommendation:

 

SELL 1.2940 SL 1.3005 TP 1.2730

 

SELL 1.3005 SL 1.3060 TP1 1.2850 TP2 1.2730

 

SELL 1.3055 SL 1.3110 TP1 1.2925 TP2 1.285 TP3 1.2730

 

On the daily chart, GBP/USD reached 88.6% target of Shark pattern and reached the lower border of the uptrend channel. This increases the risks of correction towards 23.6%, 38.2% and 50% of the wave CD within the transformation of the “Shark” into 5-0.

 

1502951458-b36b128f0e9f8c6f63f21aa38fa9e

 

On H1, GBP/USD formed a “Widening wedge” and a “Shark”. Correction movement towards 1.2940, 1.3005 and 1.3055 may be used for selling.

 

1502951476-7950db3e3df29116244cdc879773f

 

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USD/CHF: BEARS ARE WINNING

09:47 17.08.2017

 

Recommendation:

 

SELL 0.9585 SL 0.9630 TP1 0.9510 TP2 0.9475

 

On the daily chart, USD/CHF failed to overcome resistance at 0.9765. This points at buyer’s weakness. If bears manage to settle above 0.9650 and trigger Gartley pattern, risks of decline towards the lower border of the downtrend channel will increase.

 

1502952319-083795b321e38920c618c02f6224a

 

On H1, USD/CHF keeps forming “Widening wedge”. A break of support at 0.9585 will end the process (point 5) will strengthen the odds of a pullback to 78.6% and 88.6% of the last bullish wave.

 

1502952338-351a015a31e5fdb2fee97b43bc66a

 

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EUR/USD: BEARS GOING TO TEST CLOSEST SUPPORT

10:36 17.08.2017

 

1502955330-f4f17b56174bf9520d945405de47c

 

There's a "Double Bottom", so the price reached the nearest resistance at 1.1801. In this case, bears are likely going to test the closest support at 1.1727 - 1.1712 in the short term. If we have a pullback from this area, bulls will probably try to achieve the next resistance at 1.1801 - 1.1846.

 

1502955330-476a21e72b4e98856b86a54dd3bff

 

Bulls found resistance at 1.1784, so the price is consolidating. Therefore, the market is likely going to reach the 34 Moving Average soon. If a pullback from this line happens little later on, there'll be an opportunity to have an upward price movement towards another resistance at 1.1801 - 1.1823.

 

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GBP/USD: "TRIPLE BOTTOM" PATTERN

10:39 17.08.2017

 

1502955330-ed4dbfaf56906b0cecaf39a21a320

 

We've got a "Triple Bottom" pattern, which has been confirmed. It's likely that bears are going to achieve the closest support at 1.2853 in the short term. However, if a pullback from this level happens, bulls will have a green light to reach the nearest resistance at 1.2832 - 1.2951.

 

1502955330-19fb7ea6270cce661ddd8f8fbcc25

 

The price is consolidating near the 34 Moving Average. Also, the price faced resistance at 1.2911, so we should keep an eye on the closest support at 1.2853. If we have a pullback from this level, there'll be an opportunity to have a bullish price movement towards the next resistance at 1.2926 - 1.2932

 

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EUR/USD: BEARISH "TWEEZERS"

14:02 17.08.2017

 

1502967696-6db33b4050dd678b5dde4eb0d40eb

 

There's a local bearish "Tweezers" pattern, which has been confirmed. So, bears are likely going to test the 89 Moving Average. If any bullish pattern arrives little later on, there'll be an opportunity to have an upward price movement.

 

1502967696-c92242d262c6638d3aa664df7ec1d

 

The price has reached the previously tested support level, but we still don't have any reversal pattern. So, the market is likely going to test the next support in the coming hours.

 

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