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GBP/USD Daily Analytics

07:40 22.11.2017

Technical levels: support – 1.3240; resistance – 1.3300.

 

Trade recommendations:

 

Buy — 1.3250; SL — 1.3230; TP1 — 1.3300; TP2 — 1.3330.

Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising lines; the prices are supported on Tenkan-sen and will continue the uptrend.

 

1511336373-5838ef800660551113de2aff99712

 

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EUR/USD Daily Analytics

00:51 23.11.2017

 

1511398212-cb05949be6227944e2f6b16444610

 

There's a "Double Bottom" pattern, which has been confirmed. So, the price is likely going to test the nearest resistance at 1.1859 - 1.1874. If a pullback from this area happens little later on, there'll be an opportunity to have a decline towards the closest support at 1.1821 - 1.1787.

 

1511398212-f6fbd2fc8bf745e9b18d6837a3363

 

We've got a bullish "Diamond" with confirmation, so the price is rising. Finally, the pair faced with resistance at 1.1821, so we could have a bearish correction in the direction of the nearest support at 1.1808 - 1.1787. This area could be a departure point for an upward price movement towards another resistance at 1.1821 - 1.1859.

 

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GBP/USD Daily Analytics

00:54 23.11.2017

 

1511398212-43c4b1e09638ea5c7665d749b6712

 

There are three bullish "Thorn" patterns in a row, so the price is rising. The main intraday target is the next resistance at 1.3336 - 1.3370. If a pullback from these levels happens little later on, there'll be an option to have a decline in the direction of the nearest support at 1.3298 - 1.3278.

 

1511398212-9542477030bf79b97dc4123939ae2

 

There's a "Triangle" pattern, which upper side has been broken, so the price is still rising. It's likely to have a bearish correction in the short term. However, if we have a pullback from the closest support at 1.3298 - 1.3278, we could have just another bullish rally.

 

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EUR/USD Daily Analytics

02:09 23.11.2017

 

1511402856-f85506b416dcd4b68172e246f2bbf

 

The 34 & 55 Moving Averages have acted as support, so the price is rising, cause there's still no any reversal pattern so far. In this case, the pair is likely going to test the nearest resistance area, which could be a departure point for a decline.

 

1511402856-527be83e13fe46ff3450864a6a221

 

There's no any bearish pattern so far. Also, the nearest "Window" has acted as support. Therefore, the market is likely going to continue moving up until any reversal candle model forms.

 

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USD/JPY Daily Analytics

02:13 23.11.2017

 

1511402856-46daeea4b726f5510cbf957e19a35

 

The price has been declining since a "Tweezers" formed under the Moving Averages. So, the pair is likely going to test lower "Window" in the short term. If a pullback from this level happens, we could have an upward correction.

 

1511402856-bd6007fb2252ffae79f233fed91a6

 

There's still no any bullish pattern, but the price faced with support by the lower "Window". Therefore, we could have a local upward correction during the day, but bears will probably try to deliver a new local low afterwards.

 

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EUR/USD Daily Analytics

03:43 23.11.2017

 

1511408526-4106f4ad48c8c525436d2be46551e

 

There's another pullback from 4/8 MM Level, so wave [ii] might have been formed. In this case, we're likely going to have an upward impulse in wave [iii]. The nearest bullish target is +2/8 MM Level.

 

1511408526-4f23f6da926e026395bbb6a025851

 

4/8 MM Level acted as support, so the price is rising. It seems like wave (i) is about to end. If correct, there's an opportunity to have wave (ii) in the short term.

 

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EUR/JPY Daily Analytics

07:10 23.11.2017

Recommendation:

 

BUY 132.40

 

SL 131.85

 

TP1 133.6 TP2 134.4 TP3 136

 

On the daily chart, bears are testing support at 131.50 for the third time. The inability of the sellers to lower the pair below an important support is a signal of their weakness. This increases the risks of the uptrend’s resumption and advance towards 161.8% and 224% of AB=CD.

 

1511420930-8afba167b3e7c15d0d5d28d0f3c7b

 

On H1, EUR/JPY declined after reaching targets of “Wolfe waves” and “Shark”. The pair’s currently forming a “Dragon” with the following successful test of resistance at 132.40.

 

1511420949-144c086f9efd0dd7367f2818eb875

 

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USD/JPY Daily Analytics

07:17 23.11.2017

Recommendation:

 

BUY 111.65

 

SL 111.10

 

TP1 112.50 TP20 112.90  

 

On the daily chart, USD/JPY returned to the previous long-term channel. At the same time, the pair reached 113% target of the “Shark” pattern. As a result, the risks of a pullback increased. The necessary condition for the start and the development of a correction are a successful test of resistance at 111.65.

 

1511421382-3297c54597baddc0779dab87f7356

 

On H1, the risk of transformation of the “Shark” into 5-0 have increased. Correction towards 38.2% and 50% of the wave CD is usually used for opening short positions.

 

1511421398-1f50b4d918123f905c31c70a9dfda

 

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AUD/USD Daily Analytics

08:20 23.11.2017

Technical levels: support – 0.7560; resistance – 0.7630

 

Trade recommendations:

 

Sell — 0.7630; SL — 0.7650; TP1 — 0.7560; TP2 — 0.7530.

Reason: narrowing bearish Ichimoku Cloud with rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen, rising Tenkan-sen; the prices are entered into the Cloud.

 

1511425066-42a68b4bfa2f0515dfbaa054e9dba

 

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USD/JPY Daily Analytics

08:21 23.11.2017

Technical levels: support – 111.00; resistance – 111.80.

 

Trade recommendations:

 

Buy — 111.00; SL — 110.80; TP1 — 111.80; TP2 — 112.00.

Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen; the market made new lows, but there is a strong support on 111.00.

 

1511425065-3dcc4d3b0e9d38341d309e86e7227

 

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EUR/USD Daily Analytics

00:36 24.11.2017

 

1511483660-5d4279d0de3de90f2b5eb10d8bd8b

 

Bulls faced with resistance at 1.1859, so the price is consolidating. The main intraday target is next resistance at 1.1879 - 1.1897. If a pullback from these levels happens little later on, there'll be an opportunity to have a decline towards the closest support at 1.1821 - 1.1787.

 

1511483660-7705090e7a0ff23987cfebf1c2746

 

The price has been consolidating since a pullback from resistance at 1.1859 happened. So, bears are likely going to test the nearest support at 1.1821, which could be a departure point for an upward price movement in the direction of another resistance at 1.1879 - 1.1897.

 

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GBP/USD Daily Analytics

00:42 24.11.2017

 

1511483661-d83397076f3f8cbee60c207d49d79

 

The bullish rally has been stopped by resistance of the last "Triple Top" pattern. Nevertheless, the market is likely going to continue moving up towards the next resistance at 1.3336 - 1.3370. If a pullback from this area happens, we could have a decline in the direction of the nearest support at 1.3298 - 1.3278.

 

1511483661-90e3f3fe3595addb0fd4162792b16

 

The price is consolidating between the levels 1.3336 - 1.3278. The main intraday target is the next support at 1.3298 - 1.3278. At the same time, if a pullback from these levels happens afterwards, bulls will probably try to test the next resistance at 1.3336 - 1.3370.

 

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EUR/USD Daily Analytics

00:45 24.11.2017

 

1511484261-98bd79f02b606091ff77ea965ac53

 

The price is still rising, so there isn't any reversal pattern so far. In this case, the pair is likely going to climb even higher in the short term. If any bearish pattern arrives little later on, there'll be an opportunity to have a decline.

 

1511484261-2d3f41e4e8f193a738196d0090993

 

There's a "Three Methods" pattern, which pushed the price even higher. At the same time, there isn't any reversal candle model, so we could have a new local high pretty soon.

 

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USD/JPY Daily Analytics

00:47 24.11.2017

 

1511484261-b13856c78d82dc821768a025790f5

 

The price is still consolidating, but we don't have any reversal pattern so far. In this case, the pair is likely going to break the last low. If any bullish pattern forms afterwards, the 21 Moving Average will be the next target.

 

1511484261-b5ab086ea47bff7239a5cc33fcd06

 

There's resistance by the middle of the last huge black candle. Also, we don't have any confirmed reversal pattern. So, the market is likely going to continue declining.

 

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EUR/USD Daily Analytics

03:43 24.11.2017

 

1511494942-795b1d3535d67fcc09219db91eb02

 

There's a pullback from 4/8 MM Level, so the price is rising. It's likely that we're going to have bullish wave [iii] in the short term. In this case, we should keep an eye on +2/8 MM level as the next intraday target.

 

1511494942-d5ed208fead2de540989511c2ea11

 

Wave [ii] took the form of a double zigzag, so there's a developing impulse in wave (i). Considering that wave v of (i) is about to end, there's an opportunity to have a downward correction, which could be wave (ii) of [iii].

 

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EUR/USD Daily Analytics

07:59 24.11.2017

Recommendation:

 

BUY 1.1875

 

SL 1.1820

 

TP1 1.2000 TP2 1.205

 

On the daily chart, EUR/USD bulls are preparing to test resistance at 1.1875-1.1885 and trigger the inverted “Shark” pattern. In case of success, risks of reaching 88.6% will increase. Failure will lead to consolidation in the 1.1710-1.1885 range.

 

1511510131-8afba167b3e7c15d0d5d28d0f3c7b

 

On H1, EUR/USD reached the targets of the “Widening wedge”: after a pullback from 38.2% of the wave 4-5 and return to 23.6% there was a possibility to form long positions. To increase them one may use resistance at 1.1875 and trigger AB=CD pattern.  

 

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EUR/GBP Daily Analytics

08:09 24.11.2017

Recommendation:

 

BUY 0.8950

 

SL 0.8895

 

TP1 0.9100 TP2 0.9250

 

On the daily chart, the inability of bears to keep the pair below the lower border of the uptrend channel points at their weakness. To reach 88.6% target of the “shark” pattern bulls need to conquer resistance at 0.8926 and renew November low.

 

1511510858-bc1ce4ebdd72b71af2881b8edc2b5

 

On H1, the return of EUR/GBP to the uptrend channel with the following successful test of resistance at 0.8948 will increase the risks of going to 127.2% target of the butterfly.

 

1511510879-311438cdc50bb0f634d8ee27e47a0

 

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EUR/USD Daily Analytics

08:23 24.11.2017

Technical levels: support – 1.1800; resistance – 1.1850.

 

Trade recommendations:

 

Buy — 1.1800; SL — 1.1780; TP1 — 1.1850; TP2 – 1.1880

Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen; the prices are a tested the main daily resistance, but the market needs a correction.

 

1511511772-5974574d0f06c411e972e24d898d2

 

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GBP/USD Daily Analytics

08:24 24.11.2017

Technical levels: support – 1.3280; resistance – 1.3330.

 

Trade recommendations:

 

Buy — 1.3310; SL — 1.3290; TP1 — 1.3400; TP2 — 1.3480.

Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, rising Kijun-sen; the market supported by Tenkan-sen and it will continue the uptrend.

 

1511511773-5838ef800660551113de2aff99712

 

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AUD/JPY Daily Analytics

00:46 27.11.2017

 

AUD/JPY is looking to consolidate its losses across the board below the 200 SMA at H1 chart. Currently, it remains supported by the 84.45 level, at which we’re expecting to make a correction that drives the pair to test the Fibonacci zone of 50% at 86.03. Around that area, the pair could find offers in order to resume the bearish bias and reaches the Fibo target of -23.6% at 83.70.

 

RSI indicator is close to test the 50 level, strengthening the idea of sideways moves.

 

1511743553-53091941dfb0e4eca84e1d5f829d0

 

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EUR/USD Daily Analytics

08:39 27.11.2017

Technical levels: support – 1.1920; resistance – 1.1960.

 

Trade recommendations:

 

Sell — 1.1960; SL — 1.1980; TP1 — 1.1920; TP2 – 1.1880

Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen; the prices are made a new monthly high, but the market is overbought.

 

1511771977-5974574d0f06c411e972e24d898d2

 

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USD/JPY Daily Analytics

08:40 27.11.2017

Technical levels: support – 110.90; resistance – 111.50.

 

Trade recommendations:

 

Buy — 110.90; SL — 110.70; TP1 — 111.50; TP2 — 111.80.

Reason: bearish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the market is oversold and supported by 111.00.

 

1511771977-3dcc4d3b0e9d38341d309e86e7227

 

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NZD/USD Daily Analytics

10:18 27.11.2017

Recommendation:

 

BUY 0.6895

 

SL 0.684

 

TP1 0.6995 TP2 0.7165

 

On the daily chart, bulls managed to lead the pair outside of the descending channel. If they manage to bring the NZD above 0.6907, the risks of a “Shark” pattern will increase. Its 88.6% target lies at 0.7165.

 

1511777793-fb9be1d9d65d6402746f6573306cf

 

On H1, NZD/USD is retesting the “Head and shoulders” neckline. Recoil from resistance will allow bears to pull the kiwi down to 88.6% and 113% targets of the “Shark” pattern. On the other hand, successful test of resistance at 0.6895 will increase the risks of more upside.

 

1511777808-3696dc2326705fd45dfa7b732beb8

 

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EUR/USD Daily Analytics

10:26 27.11.2017

 

1511778258-7d71490b9b1255f47c777f3dd91a6

 

The price has been rising since a pullback from 4/8 MM Level happened. So, there's an opportunity to have an extension in wave [iii]. However, it's likely to have a local downward correction, so we should keep an eye on 6/8 MM Level as an intraday target.

 

1511778258-add7e8d800b3891071420a9d362ac

 

The current upward impulse is ready to end, which means we could have wave (ii) in the coming hours. The main bearish target is 6/8 MM Level, which could be a departure point for another bullish rally.

 

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AUD/USD Daily Anlytics

10:47 27.11.2017

Recommendation:

 

BUY 0.7640

 

 SL 0.7585

 

TP1 0.775 TP2 0.7895

 

On the daily chart, AUD/USD bulls managed to keep the pair inside the long-term uptrend channel. A break of the upper border of the medium-term descending channel with the following successful test of resistance at 0.7637 will increase the risks of correction to the medium-term bearish trend.

 

1511779582-1db64c049cc9775b27418fd0e6b08

 

On H1, AUD/USD formed a “Dragon” pattern. A successful test of resistance at 0.7636-0.7639 will finish the formation of “Dragon’s head” and will be a signal for opening long positions.

 

1511779603-ef00342837a633bda01cab6a3fe3e

 

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