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EUR/USD: "DOUBLE TOP" PATTERN

11:10 17.07.2017

 

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Bulls faced resistance at 1.1464, so we've got a bearish "V-Top" pattern, which pushed the price to support at 1.1425. However, bears are likely going to test the next support at 1.1398 in the short term. If a pullback from this level happens, there'll be an opportunity to have an upward price movement towards the nearest resistance at 1.1494 - 1.1529.

 

1500278936-a70844522a13d5425611764247aab

 

There's a "Double Top" pattern, which has been confirmed. The price is testing support at 1.1444, so we could have another decline in the direction of the 89 Moving Average. Meanwhile, if a pullback from this line happens, bulls will have a green light to reach the next resistance at 1.1488 - 1.1494.

 

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GBP/USD: BEARS GOING TO ACHIEVE CLOSEST SUPPORT

11:13 17.07.2017

 

1500278936-3d2290f4b8c5ee6f10aab9fbfd0ae

 

The price found resistance at 1.3119, so we've got a "V-Top" pattern, which set up a bearish correction. The main intraday target is the nearest support at 1.3057 - 1.2032. However, if we see a pullback from this area, we should keep in mind the next resistance at 1.3184 as a bullish goal.

 

1500278936-5e75530e9ec51e8ada7b075988d89

 

We've got a "Double Top" pattern, which has been confirmed. So, bears are likely going to achieve the closest support at 1.3057 - 1.3032 during the day. At the same time, if a pullback from these levels happens, there'll be an option to have a bullish price movement towards resistance at 1.3119

 

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USD/CAD: SHARK PATTERN

11:29 17.07.2017

 

On the daily chart, USD/CAD has caught up with the convergence area of 1.2690-1.2620. Here we find the target of the “Shark” pattern. If bulls manage to protect these levels, the possibility of consolidation in the 1.2590-1.2780 area will increase. On the other hand, the quick break will allow bears to go down, towards 1.245-1.2460.

 

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On H1, large players formed two areas of shorts accumulation: 1.2720-1.2765 and 1.2865-1.3010. Without successful tests of these levels the development of the correction is not possible.

 

1500280132-5c726ce87bf89e31cdcfbd4c37b26

 

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EUR/USD: ENDING DIAGONAL PATTERN

12:55 17.07.2017

 

1500285276-ef378a6ff5895ec7c8632b6004f5e

 

It seems like wave (E) of is about to end, which means a bullish impulse in wave C of (E) is going to finish soon. If we have a pullback from 7/8 MM Level, there'll be an opportunity to have a downward price movement towards 6/8 MM Level.

 

1500285276-b705594464254446c0618c5bbc751

 

There's a possible ending diagonal pattern in wave [v] of C. Wave (v) of [v] is likely going to be continued, so we could have a new local high in the short term.

 

1500285276-37e967092bf4c1ae89145b3aae27a

 

As we can see on the one-hour chart, wave (v) of [v] is taking the form of a zigzag. So, we're likely going to have another bullish impulse in wave c of (v). The main intraday target is +1/8 MM Level.

 

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EUR/USD: BULLISH "TWEEZERS" PATTERN

14:31 17.07.2017

 

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The last bullish "Tweezers" pattern has been confirmed. However, there's a bearish "Dark Cloud", so we could have a local downward correction. Anyway, the market is likely going to continue falling down afterwards until any reversal pattern forms.

 

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The 34 Moving Average has acted as support, so there's a bullish "Harami", which has been confirmed. Therefore, we're likely going to have a new local high during the day.

 

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GBP/USD: 55 MA ACTING AS RESISTANCE

14:35 17.07.2017

 

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The price is consolidating along the "Window". The 55 Moving Average is acting as resistance. In this case, the pair is likely going to achieve the 144 MA in the short term.

 

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There's a bearish "High Wave", which has been confirmed enough. So, the market is likely going to test the lower "Window". If any bullish pattern arrives afterwards, we could have an upward price movement towards the Moving Averages.

 

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EUR/USD: OUTLOOK IS BULLISH

09:47 18.07.2017

 

Recommendation:

 

BUY 1.1480

 

SL 1.1425

 

TP1 1.1600 TP2 1.1800. 

 

On the daily chart, bulls managed to break above resistance at 1.1472-1.1480. This put the longer-term bearish trend to an end. Resistance became support, “Bat” pattern turned into “Crab” with interim target of 127.2% at 1.1800.

 

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On H1, EUR/USD is trading within the bullish channel. Bulls are in control. Buy on any pullbacks to the downside.

 

1500360412-144c086f9efd0dd7367f2818eb875

 

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USD/CHF: FRANC IS FALLING DOWN

10:03 18.07.2017

 

Recommendation:

 

SELL 0.9600

 

SL 0.9655

 

TP1 0.9500

 

TP2 0.9390 

 

On the daily chart, bears are trying to resume the downtrend. If they manage to get below June low, the possibility of the decline to 127.2% and 224% targets of “Crab” and AB=CD patterns will significantly increase.  

 


 

On H1, USD/CHF formed “Three Indians” pattern. Bears are currently trying to pull the pair outside of 0.9600-0.9690 consolidation range within “Spike and ledge” pattern. Success in this will slow seller to continue the decline.

 

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EUR/USD: LOCAL CORRECTION COMING SOON

10:50 18.07.2017

 

1500363635-eac34d84fc7e083e2a5b008a2fac8

 

Bulls faced resistance at 1.1529, so the market is likely going to test the nearest support at 1.1494 in the short term. If a pullback from this area happens, there'll be an opportunity to have another upward price movement towards the next resistance at 1.1529 - 1.1560.

 

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The price is consolidating along resistance at 1.1529. If any bearish pattern forms in the coming hours, the pair is likely going to reach the closest support at 1.1494. However, if we see a pullback from this level, bulls will have a green light to achieve another resistance at 1.1529 - 1.1560.

 

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GBP/USD: LOCAL "V-BOTTOM" PATTERN

10:56 18.07.2017

 

1500363634-a5641795b454fbb03caa3dafc4521

 

The price faced support at 1.3057, so there's a local "V-Bottom" pattern, which pushed the pair higher. So, the market is likely going to test the next resistance at 1.3137 - 1.3184 soon. At the same time, if a pullback from this area happens, there'll be an option to have a decline in the direction of the nearest support at 1.3047 - 1.3032.

 

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There's a consolidation, which is taking place near resistance at 1.3116. In this case, bulls are likely going to deliver a new local high, so we should keep an eye on the closest resistance at 1.3137 as an intraday target. Considering a possible pullback from this level, we could have a bearish correction afterwards.

 

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EUR/USD: PULLBACK FROM 6/8 MM LEVEL

12:10 18.07.2017

 

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It's likely that the current ending diagonal pattern has been formed. Therefore, if the price fixates under 5/8 MM Level, bears are going to deliver an impulse in wave (i). The main intraday target is 3/8 MM Level

 

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There's a pullback from 6/8 MM Level. So, if the pair comes back to the upper side of the diagonal, there'll be an opportunity to have wave i of (i). In this case, we should keep in mind 4/8 MM Level as the nearest bearish target.

 

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GBP/USD: POUND DECIDED TO CORRECT

14:25 18.07.2017

Technical levels: support – 1.2980; resistance – 1.3090.

 

Trade recommendations:

 

Buy — 1.2980; SL — 1.2960; TP1 — 1.3090; TP2 — 1.3150.

Reason: bullish Ichimoku Cloud with rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen; the prices made a new local highs and corrected to Kijun-sen.

 

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AUD/USD: AUSSIE GOING HIGHER

14:26 18.07.2017

Technical levels: support – 0.7820, 0.7850; resistance – 0.7990.

 

Trade recommendations:

 

Sell — 0.7990; SL — 0.7810; TP1 — 0.7910; TP2 — 0.7850.

Reason: bullish Ichimoku Cloud with extremely rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with rising lines; the prices are on the new 2Y-highs, but under the strong daily resistance.

 

1500377122-42a68b4bfa2f0515dfbaa054e9dba

 

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EUR/USD: BULLISH "THREE METHODS" PATTERN

15:07 18.07.2017

 

1500379568-3f04a816460c3e225f49694547573

 

There's a bullish "Engulfing" pattern, which has been confirmed, so the price reached the nearest resistance level. However, we don't have any reversal pattern so far, which means bulls are likely going to continue pushing the price higher.

 

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We've got a bullish "Three Methods" pattern, so the price is rising. At the same time, there's an opportunity to have a local decline towards the nearest support. If we see a pullback from this level, bulls will be free to move on.

 

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USD/JPY: "WINDOW" ACTED AS RESISTANCE

15:09 18.07.2017

 

1500379569-46287a23cb3ea6f20a26067b56239

 

Bears have broken the "Window", so the price is declining. The 144 Moving Average is acting as support. There isn't any reversal pattern so far. Therefore, the market is likely going to continue falling down in the short term.

 

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The broken "Window" acted as resistance, so there's a "Shooting Star" pattern, which has been confirmed. In this case, the pair is likely going to reach the nearest support area. If any bullish pattern arrives afterwards, there'll be an opportunity to have an upward correction

 

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GBP/USD REMEMBERED THE TRIANGLE

10:06 19.07.2017

 

Recommendation:

 

SELL 1.3000, SL 1.3055, TP 1.2900

 

BUY 1.3125 SL 1.3070 TP1 1.3300 TP2 1.3500

 

On the daily chart, bears are trying to return GBP/USD inside the rising triangle. If they succeed, the possibility of the medium-term consolidation in the 1.2600-1.3000 will increase. On the contrary, rebound from the current support will increase the risks of continuation to the upside, towards 200% target of AB=CD.

 

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On H1, decline below 1.3000 will create the basis for correction to 1.2920 and 1.2900. For the uptrend to resume, the pair has to rise to July high

 

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NZD/USD: BULLS SHOWED STRENGTH

10:20 19.07.2017

 

Recommendations:

 

BUY 0.7370, SL 0.7315, TP1 0.7450, TP2 0.7470

 

BUY 0.7290, SL 0.7235, TP 0.7450  

 

On the daily chart, inability of bears to lead NZD/USD outside of the bullish trend channel points at their weakness. The condition required for continuation of the rally to 0.7450 (113% target of the “Shark” pattern) is the settlement of the New Zealand’s dollar above support at 0.7345 with the following increase to July high.

 

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On H1, NZD/USD managed to return to the uptrend. As long as the pair is trading above 0.7210, the outlook will remain bullish.

 

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GBP/USD: POUND SUPPORTED BY KIJUN-SEN

10:23 19.07.2017

 

Technical levels: support – 1.3030; resistance – 1.3090, 1.3150.

 

Trade recommendations:

 

Buy — 1.3030/40; SL — 1.3010; TP1 — 1.3090; TP2 — 1.3150.

Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, rising Kijun-sen; the prices are in the channel of Tenkan-Kijun and supported by Kijun-sen.

 

1500448992-5838ef800660551113de2aff99712

 

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USD/JPY: DOLLAR TESTED SSB’S SUPPORT

10:24 19.07.2017

 

Technical levels: support – 111.70/80; resistance –  112.60, 113.00.

 

Trade recommendations:

 

Buy — 112.10; SL — 111.90; TP1 — 113.00; TP2 — 113.30.

Reason: narrow bearish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen and the lines are horizontal; the market is in a correction,  tested the strong support of Senkou Span B.

 

1500448992-3dcc4d3b0e9d38341d309e86e7227

 

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EUR/USD: "V-TOP" PATTERN

11:11 19.07.2017

 

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Bulls faced resistance at 1.1560, so we've got a "V-Top" pattern, which led to the current decline. Therefore, the market is likely going to decline towards the nearest support at 1.1494. If a pullback from this level happens, we could have another upward price movement in the direction of the next resistance at 1.1582.

 

1500451823-2654ce2002f58816844e116dcdcb4

 

We've got a "V-Top" pattern, so the pair found support at 1.1529. In this case, the pair is likely going to reach the closest resistance at 1.1560. However, if we see a pullback from this level, bears will have a green light to achieve the 34 Moving Average.

 

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GBP/USD: CONSOLIDATION ALONG 55 MA

11:15 19.07.2017

 

1500451823-62713d1eb8f607bc0dd255ae69088

 

There's a "Double Top" pattern, which has been confirmed. Therefore, the pair is likely going to test the nearest support at 1.2982 in the short term. If we have a pullback from this level, there'll be an opportunity to see the price even higher. So, we should keep in mind the next resistance at 1.3116 as an intraday target

 

1500451823-c1a49f7b9b74000d628495fc12bd7

 

The price is consolidating along the 55 Moving Average. It's likely that the market is going to reach the closest resistance at 1.3077 during the day. If a pullback from this level happens, we're likely going to have another decline towards the next support at 1.3006 - 1.2982.

 

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EUR/USD: PULLBACK FROM 7/8 MM LEVEL

13:36 19.07.2017

 

1500460556-b4550c48c35c9b05bc49d56464c6a

 

It seems like we've got a bullish impulse in wave C. Also, there's a triangle in wave [iv]. So, there's an opportunity to have wave in the short term. The main intraday target is 3/8 MM Level.

 

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There's a pullback from 7/8 MM Level, so wave [v] of C may have been ended. Moreover, we've got a bearish impulse in wave (i). It's likely that bulls are going to deliver wave (ii) soon, so we could have the next bearish wave (iii) during the day.

 

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EUR/USD: "TOWER" LED TO DECLINE

15:43 19.07.2017

 

1500468174-92adf44d5e637448dc804c9376f77

 

There's a bearish "Shooting Star" pattern, which has been confirmed. Therefore, the market is likely going to test the nearest support level, which could be a departure point for another upward price movement.

 

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The last bearish "Tower" pattern led to the current decline. However, there's a bullish "Hammer", so we could have a local upward correction during the day. Meanwhile, bears are likely going to deliver a new local low later on.

 

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USD/JPY: PRICE FIXATED UNDER "WINDOW"

15:46 19.07.2017

 

1500468174-c72e102c19ee879360c47f90918d2

 

There are a "Hammer" and a "Harami", but both patterns remain unconfirmed. The 144 Moving Average is acting as resistance. In this case, bears are likely going to continue pushing the price lower

 

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The pair has fixated under the "Window", so the price is consolidating. Therefore, the decline is likely going to be continued, but if any bullish pattern arrives afterwards there'll be an opportunity to have a correction.

 

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