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#8181
riki143

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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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#8182
riki143

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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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#8183
riki143

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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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#8184
riki143

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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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#8185
riki143

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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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#8186
riki143

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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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#8187
riki143

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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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#8188
riki143

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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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#8189
riki143

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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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#8190
riki143

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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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#8191
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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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#8192
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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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#8193
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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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#8194
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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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#8195
riki143

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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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