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USD/CHF: BULLS WANT REVENGE

06:25 06.09.2017

 

Recommendation:

 

BUY 0.964

 

SL 0.9585

 

TP1 0.9765 TP2 0.986

 

On the daily chart, a double bottom allows the bulls to retain hopes of finishing a “Dragon” pattern. To do it they have to return the quotes to resistance levels at 0.9650 and 0.9765 and conquer them.

 

1504679084-a5903a7f3cf43bc4f33886526fd84

 

On H1, a successful test of resistance at 0.9640 (upper border of the downtrend channel) will increase the risks of an inverted butterfly pattern. Its 127.2% target corresponds to 0.9860.

 

1504679096-351a015a31e5fdb2fee97b43bc66a

 

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GBP/USD: BULLS RETURN TO THE GAME

06:36 06.09.2017

 

Recommendation:

 

SELL 1.296

 

SL 1.3015

 

TP1 1.2835 TP2 1.2775

 

On the daily chart, GBP/USD returned inside the long-term bullish channel. This points at buyers’ strength. Bears can regain the initiative only if the pair slide below $1.2962. A break of this support will increase the risks of triggering “Head and shoulders” pattern.

 

1504679719-b6b56ed02b1869ac79ae2067aff9c

 

On H1, GBP/USD keeps forming the 5-0 pattern. Conservative approach suggests opening short positions as the pair returns to the previous correction level (38.2%) of the wave CD.

 

1504679740-2cf183d9aa99dd882e50bd88c66a5

 

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GBP/USD: BULLS LOOK STRONG

07:08 06.09.2017

 

Technical levels: support – 1.2920, 1.2980; resistance – 1.3020/40.

 

Trade recommendations:

 

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

Reason: bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the Bulls are breaking out the Cloud’s resistance and may go higher.

 

1504681698-5838ef800660551113de2aff99712

 

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AUD/USD: AUSSIE RETURNED TO 0.8000

07:09 06.09.2017

 

Technical levels: support – 0.7940, 0.7980; resistance – 0.8000.

 

Trade recommendations:

 

Sell — 0.7970; SL — 0.7990; TP1 — 0.7940; TP3 — 0.7920.

Buy — 0.7930; SL — 0.7910; TP1 — 0.8000; TP3 — 0.8040.

Reason: bullish Ichimoku Cloud, horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the Bulls are tested the strong resistance on 0.8000, but can’t break it out.

 

1504681698-42a68b4bfa2f0515dfbaa054e9dba

 

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EUR/USD: BEARS GOING TO TEST 55 MA

09:38 06.09.2017

 

1504690625-a962dd7f6c1c04bcf4445af4e5469

 

The price is still consolidating between the levels 1.1959 - 1.1875. So, bears are likely going to test the 55 Moving Average, which could act as support. If so, there'll be an opportunity to have an upward correction towards the nearest resistance at 1.1975 - 1.2003.

 

1504690625-91e265185bb80855fd52f5cd278dc

 

There's a consolidation, which is taking place above the Moving Averages. It's likely that the market is going to test the closest support at 1.1874 - 1.1864. If a pullback from this area happens, bulls will try to achieve the next resistance at 1.1975 - 1.2003.

 

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GBP/USD: "TRIPLE TOP" LED TO CONSOLIDATION

09:44 06.09.2017

 

1504690626-6498ec73842878d5599c27c5d3137

 

The Moving Averages have acted as support, so the price is rising, but bulls faced with resistance at 1.3032 - 1.3047. In this case, we should keep an eye on the nearest support at 1.2994 - 1.2977 as an intraday target. If a pullback from these levels happens, there'll be an opportunity to have even more bullish pressure.

 

1504690626-98077fa5e2e9a25c6dc6cea552940

 

There's a "Triple Top", so the price is consolidating. Therefore, the market is likely going to test the closest support at 1.2994 - 1.2977 during the day. Meanwhile, bulls could deliver a new local high afterwards.

 

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EUR/USD: UPPER "WINDOW" ACTING AS RESISTANCE

10:36 06.09.2017

 

1504693998-d5129e98475a10fe35df0068f2607

 

The 34 & 55 Moving Averages have acted as support, so the price is moving up. There's no any reversal pattern, cause all the last candles are bullish. Therefore, the market is likely going to continue rising towards the nearest resistance level.

 

1504693997-55b68e7100925eca8f2dff320f077

 

The upper "Window" is acting as resistance, so we could have a local bearish correction towards the Moving Averages. If a pullback from these lines arrives little later on, there'll be an opportunity to have another bullish price movement.

 

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USD/JPY: "TWEEZERS" AND "HAMMER"

10:38 06.09.2017

 

1504693998-b2e3beb655479ff9e0a50562f1d7c

 

There's a possible "Three Methods" pattern, so the current local correction is likely going to end soon. Previously, a "Shooting Star" pattern has been formed on the 89 Moving Average. In this case, we could have a new local low pretty soon.

 

1504693998-306085b7e0258752f146451291818

 

There are bullish patterns such a "Tweezers" and a "Hammer", but both of them haven't been confirmed yet. So, we could have just a local correction towards the 34 Moving Average. If a pullback from this line happens, bears are going to break the last low.

 

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EUR/USD: POSSIBLE ENDING DIAGONAL

11:06 06.09.2017

 

1504695924-a87920c56ccaab6fe1c2578258f11

 

The price is still consolidating under 4/8 MM Level, which could be a departure point for wave [c]. The main target for wave 4 is 1/8 MM Level. If we have a pullback from this level, bulls are likely going to deliver another upward impulse.

 

1504695924-08cc2f51831668d971fd539c917ef

 

There's a possible ending diagonal in wave © of . If a pullback from 4/8 MM Level happens, there'll be an opportunity to have a bearish impulse in wave [c] of 4. If so, we should keep an eye on 1/8 MM Level as an intraday target.

 

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EUR/USD: READY TO CONTINUE UPTREND

06:45 07.09.2017

 

Technical levels: support – 1.1910; resistance – 1.1960, 1.1990.

 

Trade recommendations:

 

Buy — 1.1910; SL — 1.1890; TP1 — 1.1960; TP2 – 1.1990.

Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; an irregular dead cross of Tenkan-sen and Kijun-sen, narrowing channel of Tenkan-Kijun; the prices are on the support of Tenkan-sen and Kijun-sen and breaking out the SSA’s resistance.

 

1504766712-5974574d0f06c411e972e24d898d2

 

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GBP/USD: CONSOLIDATION OVER CLOUD

06:46 07.09.2017

 

Technical levels: support –  1.2980/90; resistance – 1.3020/40.

 

Trade recommendations:

 

Buy — 1.3050; SL — 1.3030; TP1 — 1.3100; TP2 — 1.3130.

Buy — 1.2990; SL — 1.2970; TP1 — 1.3040; TP2 — 1.3100.

Reason: expanding bullish Ichimoku Cloud, rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, the rising lines; the market is out from the overbought area soon and may go higher.

 

1504766713-5838ef800660551113de2aff99712

 

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USD/JPY: YEN IS MOVING THROUGH CHANNELS

07:09 07.09.2017

 

Recommendations:

 

SELL 108.5 SL 109.05 TP 106.4

 

BUY 109.75 SL 109.2 TP 112.1

 

On the daily chart, USD/JPY bulls are trying to leave the short-term descending channel. If they fail and bears manage to renew August low and conquer support at 108.03, risks of decline towards 127.2% and 161.8% targets of the AB=CD pattern will increase.

 

1504768102-3297c54597baddc0779dab87f7356

 

On H1, USD/JPY formed a “Widening wedge". The return of the pair to 38.2% and 23.6% of the wave 4-5 may be used for buying. On the other hand, another test of support at 108.54 can be used for selling.

 

1504768120-1f50b4d918123f905c31c70a9dfda

 

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EUR/JPY: BULLS ARE PREPARING AN ATTACK

07:42 07.09.2017

 

Recommendation:

 

BUY 130.65 S

 

L 130.1

 

TP 131.65 TP2 133.8

 

On the daily chart, EUR/JPY entered the dead zone between the short-term downtrend and the long-term uptrend channels. To develop correction, bears need to form and reach targets of the “Widening wedge”. The presence of the inside bar creates a possibility for the short-term trades.

 

1504766556-1e5e1c2582f1145750a65ae155a45

 

On H1, EUR/JPY is consolidating in range as the “Shark” pattern is transforming into 5-0. Bulls managed to lead the pair outside the downtrend channel. To resume the uptrend, they need to overcome resistance at 130.65.

 

1504766571-b35d7fb0c22de42ad09055593ba2f

 

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EUR/USD: POSSIBLE TRIANGLE PATTERN

09:07 07.09.2017

 

1504775191-a861efd9ee0543fe7d26b55f8a36c

 

The price is still consolidating near the 34 Moving Average, so bears are likely going to reach the nearest support at 1.1909 - 1.1892. If a pullback from this area happens, there'll be an opportunity to have an upward price movement in the direction of the closest resistance at 1.1975 - 1.2003.

 

1504775190-b2098cc4d35e63944baddba0a2565

 

There's a possible triangle pattern. In this case, the market is likely going to get support on the 89 Moving Average. Meanwhile, if we see a pullback from this line, bulls will try to test another resistance at 1.1975 - 1.2003.

 

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GBP/USD: "V-TOP" PATTERN

09:10 07.09.2017

 

1504775191-2226306b03e34aa88889e4248fa16

 

There's a "Thorn" pattern, which pushed the price to the nearest support at 1.3047 - 1.3032. However, bears are likely going to test the next support at 1.2994 - 1.2977 in the short term. If a pullback from these levels happens little later on, there'll be an option to have a bullish price movement towards the closest resistance at 1.3082 - 1.3096.

 

1504775191-5848b97f23254e0d8f1652df29f3a

 

Bulls faced with resistance at 1.3082, so there's a "V-Top" pattern. Therefore, the pair is likely going to decline towards the nearest support area at 1.2994 - 1.2977. At the same time, bulls will probably try to deliver a new local high afterwards.

 

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EUR/USD: DEVELOPING WAVE 4

09:41 07.09.2017

 

1504777228-9a96f3bc3f279f87342f410b23cb1

 

There's a developing wave 4, which is likely going to take the form of a zigzag. So, if a pullback from 4/8 MM Level happens, there'll be an opportunity to have a bearish impulse in wave [c]. The main target for wave 4 is 1/8 MM Level.

 

1504777228-e2e51f9d98a0f2faed9a286032048

 

It seems like we've got an ending diagonal pattern in wave © of . In this case, if we have a pullback from 4/8 MM Level, bears are likely going to test 1/8 MM Level, which could be a departure point for wave (i).

 

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EUR/USD: BULLISH "THREE METHODS"

11:33 07.09.2017

 

1504783953-8f05c965e7ae15ecdba125ecf9894

 

We've got a bullish "Three Methods", which has been confirmed. So, the market is likely going to continue moving up towards the nearest resistance area. If any bearish pattern forms little later on, there'll be an opportunity to have a decline.

 

1504783953-7a85297ebfbdf0d996f524add379e

 

The 34 Moving Average has acted as support, so the price is rising. The last "Window" has been broken. If a pullback from the achieved resistance happens, bears are likely going to deliver a local downward correction.

 

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USD/JPY: PULLBACK FROM THE LOWER "WINDOW"

11:36 07.09.2017

 

1504783953-b5223b5f226b5ee94ba5c72b2c5fd

 

There's a pullback from the lower "Window", but we've got a local bearish "Shooting Star", which has been confirmed. So, the market is likely going to test the lower "Window" once again in the short term.

 

1504783953-e8605a4409581254d59f5dc874a26

 

We've got a "Doji" and a "High Wave" on the 55 Moving Average. Considering of confirmation of both patterns, the pair is likely going to continue moving down towards the last low until any bullish pattern arrives.

 

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EUR/USD: BULLS NEED A REST

07:17 08.09.2017

 

Recommendation:

 

SELL 1.2035

 

SL 1.209

 

TP 1.1935

 

On the daily chart, EUR/USD keeps forming “Spike and ledge with acceleration”. The trend’s angle is increasing the risks of correction. The inability of bulls to keep the pair above 1.2062 and 1.2156 (161.8% and 200% targets) points at their weakness.

 

1504855032-e9ff47f8c2c95bae92efa0a8e19e3

 

On H1, EUR/USD formed 2 convergence areas with the help of senior and junior AB=CD patterns. The fall of the pair below the low of the bar, which marked the previous minimum, will signal the start of bears’ counterattack.

 

1504855051-144c086f9efd0dd7367f2818eb875

 

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EUR/GBP: BULLS ARE LIFTING THEIR HEADS

07:28 08.09.2017

 

Recommendation:

 

BUY 0.9215

 

SL 0.916

 

TP 0.929 TP2 0.9355 TP3 0.942

 

On the daily chart, EUR/GBP keeps forming “Spike and reversal with acceleration”. Until the price falls below both trendlines, bulls will retain control of the situation. Their further movement up will increase the possibility of an advance towards 127,2%, 161.8%, 200% and 224% targets of AB=CD.

 

1504855678-1b185fa62bc60dfe496809f3b325c

 

On H1, a break above resistance at 0.9213 and the following triggering of the “Widening wedge” and the “Shark” patterns will increase the possibility of an advance to 0.9285-0.9290.

 

1504855698-480bf18779fe5c8e690881b193480

 

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EUR/USD: "DOUBLE TOP" PATTERN

08:29 08.09.2017

 

1504859296-c487d7d8ba14a5b41822478241f96

 

The 34 Moving Average has acted as support so the price is rising. However, bulls didn't fixate above the "Runaway Gap", so we could have a local downward correction. Nevertheless, the market is likely going to climb even higher, so we should keep an eye on the next resistance at 1.2080 - 1.2129 as an intraday target.

 

1504859296-b577e0e10833625c02c0c019aaa8f

 

We've got a "Double Top" pattern, which has been confirmed, so the price is likely going to achieve the closest support at 1.2022. If a pullback from this level happens, there'll be an opportunity to have an upward price movement towards another resistance at 1.2129.

 

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GBP/USD: BULLS FACED WITH RESISTANCE

08:31 08.09.2017

 

1504859296-d69ca6c19469c51847948696a397b

 

Bulls faced with resistance at 1.3164, so the market is likely going to decline towards the nearest support at 1.3119 - 1.3083. However, if a pullback from this area happens, we could have an upward price movement in the direction of the closest resistance at 1.3164 - 1.3190.

 

1504859296-d84024918020af76cf82a28fd25c6

 

There's a "Thorn" pattern, which pushed the pair to support at 1.3114. Meanwhile, the price is likely going to reach the next support at 1.3093 - 1.3083, which could be a departure point for a bullish price movement. In this case, we should keep in mind the nearest resistance at 1.3164 - 1.3190 as the next bullish target.

 

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EUR/USD: BULLS GOING TO TEST NEXT RESISTANCE

11:51 08.09.2017

 

1504871414-1e1eb788a34b0b4bd33bceb7c596a

 

The price is still rising, but we've got a bearish "High Wave" at the local high, so there's a local consolidation. However, bulls are likely going to test the next resistance in the short term. If a pullback from this level happens afterwards, there'll be an opportunity to have a bearish correction.

 

1504871413-56b8a7ac14acee644e78f9a4aab96

 

We've got a "Shooting Star", but this pattern is unconfirmed, cause the last candles have been closed above the middle of the huge white candle. In this case, the market is likely going to continue moving up.

 

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USD/JPY: BEARISH "THREE METHODS" PATTERN

11:53 08.09.2017

 

1504871413-bf47c9e590b5bbb8cf5e822620676

 

Bears are still pushing the price lower, so we don't have any reversal pattern. Therefore, the pair is likely going to continue falling down towards the lower "Window". If any bullish pattern arrives later on, we could have an upward correction.

 

1504871413-6718673e439bb2eea03423bda3ec6

 

We've got a bearish "Three Methods" pattern at the local low. Previously, a bearish "Engulfing" has been formed. So, the market is likely going to continue declining during the day.

 

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EUR/USD: 7/8 MM LEVEL ACTED AS RESISTANCE

12:38 08.09.2017

 

1504874249-196826367071d15a88209f1bcb196

 

We've got a new high, so wave 5 may have been started. At the same time, wave 4 turned out to be a triangle pattern, so there's a bullish impulse in wave of 5. 7/8 MM Level acted as resistance, which means we could have a local bearish correction in the short term. Nevertheless, bulls are likely going to deliver wave [iii] of 5 afterwards.

 

1504874249-24107b4968669c8a30eb0adbb5b8e

 

Wave (v) of has been ended on 8/8 MM Level, so it's time for a correction. The nearest target for wave [ii] is 6/8 MM Level, which could be a departure point for another bullish rally.

 

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