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USD/JPY: BULLISH "HAMMER"

11:13 18.09.2017

 

1505732838-cc0afb98f0d8bcc838d4066980024

 

We've got a bullish "Hammer", which has been confirmed. So, just after the local correction, the market is likely going to continue rising towards the nearest resistance area.

 

1505732838-cb2ab6474a0d1027d2ca66035a6a2

 

There are bearish patterns such a "Tweezers" and an "Engulfing", but both of them haven't been confirmed yet. In this case, the pair is likely going to test the 34 Moving Average in the short term. If a pullback from this line happens, we could have another bullish rally.

 

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EUR/USD: 0/8 MM LEVEL ACTED AS SUPPORT

12:37 18.09.2017

 

1505738192-99acef59bb5dafcf353e036541bbd

 

We've got a pullback from 5/8 MM Level, so wave 4 has been finished. In this case, we could have another bullish impulse in wave 5 in the short term. The main intraday target is 8/8 MM Level.

 

1505738192-c40223a694f7b3de3243100565e04

 

0/8 MM Level acted as support, so there's an upward impulse in wave . The price couldn't fixate below 3/8 MM Level, so wave [ii] may have been formed. Therefore, bulls are likely going to deliver wave [iii] in the coming hours.

 

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EUR/USD: BULLS GOING TO DELIVER REST OF WAVE 5

05:14 19.09.2017

 

1505797993-9be61adf172d8de04264474e7df8d

 

The price has been rising since a pullback from 5/8 MM Level happened. If the pair fixates above 6/8 MM Level, bulls are likely going to deliver the rest of wave 5. In this case, we should keep an eye on 8/8 MM Level as the next target.

 

1505797993-0500abe3042f34a465d1bc9c91a30

 

3/8 MM Level has acted as support, so the price is rising. It seems like we're going to have an extension in wave [iii] of 5. In this case, wave (iii) is going to move on towards 8/8 MM Level in the short term.

 

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USD/CAD: BULLS DECIDED TO COUNTERATTACK

07:32 19.09.2017

 

Recommendation:

 

SELL 1.242

 

SL 1.2475

 

TP1 1.232 TP2 1.2185

 

On the daily chart, USD/CAD pulled back after reaching the 200% target of AB=CD. If bulls manage to get to resistance at 1.2310, the road to the upper border of the uptrend channel will be open.

 

1505806169-6088e8d31b2d73dc580e4165ab233

 

On H1, USD/CAD is forming “Spike with reversal and acceleration”. Without a break of the trendline in the area of 1.2150, resumption of the downtrend is not possible. The inability of bulls to overcome resistance at 1.2340 and 1.2420 will point at their weakness.

 

1505806188-5c726ce87bf89e31cdcfbd4c37b26

 

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EUR/USD: BULLS RETURNED INTO MARKET

08:17 19.09.2017

 

Technical levels: support – 1.1960; resistance – 1.2000, 1.2090.

 

Trade recommendations:

 

Buy — 1.1960; SL — 1.1940; TP1 — 1.2000; TP2 – 1.2090.

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 breaking out the upper bound of the Cloud and may going higher.

 

1505809058-5974574d0f06c411e972e24d898d2

 

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GBP/USD: POUND IS OVERBOUGHT

08:18 19.09.2017

 

Technical levels: support – 1.3400; resistance – 1. 3575.

 

Trade recommendations:

 

Sell — 1.3575; SL — 1.3595; TP1 — 1.3500; TP2 — 1.3475.

Reason: expanding bullish Ichimoku Cloud, rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with the rising Tenkan-sen; but the market is overbought – waiting for the correction.

 

1505809058-5838ef800660551113de2aff99712

 

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XAU/USD: BEARS WANT MORE

07:20 19.09.2017

 

Recommendation:

 

SELL $1302

 

SL $1317

 

TP1 $1379 TP2 $1268

 

On the daily chart, bears managed to pull the pair below $1320.4-1321.6 an ounce. A break of the lower border of the uptrend channel will strengthen the risks of a pullback towards $1279 and $1268. On the other hand, recoil from support at $1302 will create grounds for consolidation in the $1300-1350 area.

 

1505805563-20c6ebb86722ac92f8a505b7903a9

 

On H1, XAU/USD has reached the targets of “Spike and reversal with acceleration”. Correction towards targets at 88.6% and 113% of the Shark pattern continues.

 

1505805577-e12a637cc937326a9c7981d6dfc46

 

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EUR/USD: "PENNANT" LED TO BULLISH RALLY

09:53 19.09.2017

 

1505814742-6382527a604810a3bb0180c4d0afd

 

The 34 Moving Average has acted as support, so the price is rising. So, we should keep an eye on the next resistance at 1.2029 - 1.2042 as an intraday target. If a pullback from this area arrives little later on, there'll be an opportunity to have a bearish correction.

 

1505814742-35c6d680126daa6b5d825229b1eab

 

The last "Pennant" pattern led to another bullish rally, so the pair is likely going to reach the nearest resistance at 1.2029 - 1.2042. However, if we see a pullback from these levels, bears will try to test the closest support at 1.1941 - 1.1934 shortly.

 

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GBP/USD: BEARISH "DOUBLE TOP"

09:56 19.09.2017

 

1505814742-915f44cfbf6b5ec92f072d0b881c4

 

We've got a bearish "Double Top", which has been confirmed, so the price reached the nearest support at 1.3497. Nevertheless, the market is likely going to test the next support at 1.3444 - 1.3374 in the coming hours. If a pullback from this area happens, we could have just another upward price movement.

 

1505814742-f977624c6a87bec959f4bc8ee041e

 

The 34 Moving Average has acted as support, so there's a local bullish price movement, which could turn out to be a "Flag" pattern. If so, there'll be an opportunity to have a decline towards the 55 MA.

 

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EUR/USD: 89 MA ACTED AS SUPPORT

14:15 19.09.2017

 

1505830448-a77343ceb03ea671ad9260b6f6fde

 

The 89 Moving Average has acted as support, so we've got a "Shooting Star", but this pattern remains unconfirmed. So, the price is likely going to continue moving up towards the next "Window".

 

1505830449-bbe1065deeb0a51fa2e0cf94640a8

 

We've got a "High Wave", which has been confirmed. In this case, we're likely going to have a local decline towards the 34 Moving Average, which could be a departure point for another upward price movement.

 

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USD/JPY: "TWEEZERS" AND "HARAMI"

14:17 19.09.2017

 

1505830449-f7e6bb920117039d11f07222dd88c

 

The last bearish "Shooting Star" hasn't been confirmed yet. So, we could have a local decline in the short term and another bullish price movement afterwards.

 

1505830449-574312958e80c916acddd8ff9e7a3

 

We've got bearish patterns such a "Tweezers" and a "Harami", which both have confirmation. Therefore, the market is likely going to test the 34 Moving Average in the short term. If a pullback from this line happens, we could have just another upward price movement.

 

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USD/CHF: BULLS ARE STUBBORN

05:28 20.09.2017

 

Recommendation:

 

BUY 0.965

 

SL 0.9495

 

TP1 0.9745 TP2 0.9785

 

On the daily chart, bulls are still hoping to form a “Dragon” pattern. The first step will be the pair’s exit out of the short-term consolidation range between 0.9575 and 0.9650. The second step will be a successful attack on diagonal resistance. Only if these 2 conditions are met, USD/CHF will get a chance to rise to 0.9785 and higher.

 

1505885237-083795b321e38920c618c02f6224a

 

On H1, USD/CHF is forming the “Dragon’s head”. To complete it, it needs to overcome resistance at 0.9650. In this case, the activation of AB=CD with the target at 161.8% will become more likely.

 

1505885263-351a015a31e5fdb2fee97b43bc66a

 

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GBP/USD: BULLS MADE A STOP

05:35 20.09.2017

 

Recommendation:

 

BUY 1.357 SL 1.3515

 

TP 1.367, SELL 1.3465

 

SL 1.352 TP1 1.34 TP2 1.3325

 

On the daily chart, GBP/USD formed an inside bar. It points at the indecisiveness of market players. A break of the inside bar’s low together with the formation of “Three Indians” pattern will strengthen the risks of a pullback towards 1.34, 1.33 and 1.3265.

 

1505885660-b6b56ed02b1869ac79ae2067aff9c

 

On H1, GBP/USD is consolidating in the 1.3465-1.3570 area in line with “Spike and ledge” pattern. A successful test of its upper border will open the way to the north. On the other hand, a break of support at 1.3465 will increase the risks of correction to 1.3400-1.3420 and 1.3300-1.3325.

 

1505885684-2cf183d9aa99dd882e50bd88c66a5

 

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EUR/USD: "DOUBLE TOP" PATTERN

10:47 20.09.2017

 

1505904393-42c78f6a30299c16f43567b52bc94

 

Bulls faced with resistance at 1.2029, so the price is likely going to decline towards the nearest support area at 1.2003 - 1.1975 in the short term. If a pullback from this area happens, there'll be an opportunity to have an upward price movement towards the next resistance at 1.2042 - 1.2059.

 

1505904393-62afa33ea66b8d8f1b3fc0715d6e3

 

We've got a "Double Top" pattern, which has been confirmed. So, bears are likely going to test the closest support at 1.1975. However, if we have a pullback from this level, bulls will try to reach another resistance at 1.2029 - 1.2042.

 

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GBP/USD: DEVELOPING "PENNANT" PATTERN

10:49 20.09.2017

 

1505904393-f8c755418f34c1cddbfaec83c9190

 

There's a "Double Top", which has been confirmed, so the price is consolidating. The main intraday target is the nearest support at 1.3444. If we have a pullback from this level, there'll be an option to have a bullish price movement towards the closest resistance at 1.3652 - 1.3681.

 

1505904393-3030a6ea4fdd0574f5e0029bf1797

 

The price is consolidating between the levels 1.3479 - 1.3532. Also, there's a developing "Pennant" pattern. In this case, bears are likely going to achieve the 55 Moving Average, which could be a departure point for another bullish rally.

 

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EUR/USD: BEARISH "SHOOTING STAR"

12:21 20.09.2017

 

1505910029-44ed1c5623da967e39606b41b8f30

 

There's a reversal "Doji" pattern, which hasn't been confirmed yet. Therefore, the market is likely going to test the 34 Moving Average in the short term. If a pullback from this line happens, we could have another upward price movement.

 

1505910029-cd0e303daaef4f757dad56abcf858

 

We've got a bearish "Shooting Star", but confirmation of this pattern is quite weak. So, we should keep an eye on 55 Moving Average as an intraday target. If this MA acts as support, bulls are likely going to deliver a new local high.

 

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USD/JPY: BEARS GOING TO TEST NEAREST "WINDOW"

12:23 20.09.2017

 

1505910029-d2b3bb7ba8384a6b510621d813948

 

There are a "Shooting Star" and a "Harami" patterns, which both have been confirmed enough. In this case, bears are likely going to test the nearest "Window", which could be a departure point for another upward price movement.

 

1505910029-3e1207ca2e0e849afa4c15d6fa5e8

 

The price reached the 34 Moving Average, so there's an opportunity to have a local bullish correction. However, bears are likely going to test the 89 MA afterwards, which could act as support.

 

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EUR/USD: POSSIBLE WEDGE IN WAVE

13:18 20.09.2017

 

1505913466-3f904c458804e26d6cc829ba862f7

 

We've got a pullback from 5/8 MM Level, so wave 4 has been ended. The price is rising, so we could have a bullish impulse in wave 5. The main intraday target is 8/8 MM Level.

 

1505913466-4cb6273a51174c1f2813258c06c14

 

There's a possible wedge, which could be wave , so bears are likely going to deliver wave [ii] during the day. If a pullback from 4/8 MM Level happens little later on, there'll be an opportunity to have wave [iii] of 5.

 

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EUR/USD: DEVELOPING DOUBLE ZIGZAG

07:07 21.09.2017

 

1505977552-30425fa6b9d239155ec0e64067197

 

Wave 4 turned out to be bigger, so 5/8 MM Level is likely going to be tested once again. If a pullback from this level arrives later on, there'll be an opportunity to have wave 5. In this case, we should keep an eye on 8/8 MM Level as an intraday target.

 

1505977553-e351b54669599f400702d859e6800

 

It seems like wave 4 is taking the form of a double zigzag. The last decline could be wave (a) of [y], so bulls are likely going to deliver wave (B) during the day. Nevertheless, we could have another bearish impulse in wave © of [y] of 4 afterwards.

 

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EUR/JPY: BULLS FULFILLED THEIR MISSION

07:43 21.09.2017

 

Recommendation:

 

SELL 133.25

 

SL 133.8

 

TP 132.3

 

On H1, EUR/JPY reached 161.8% target of the junior and senior AB=CD patterns. This increases the risks of a pullback to the uptrend. Never the less, as long as the pair’s inside the uptrend channel, bulls remain in control of the situation.

 

1505979689-151f939c6df1fdb4a28b3d5785d89

 

On H1, EUR/JPY is forming a “widening wedge” pattern. Its end together with the break of support at 133.25 will open the way south towards 23.6% and 38.2% correction levels of the last bullish wave.

 

1505979755-b35d7fb0c22de42ad09055593ba2f

 

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USD/JPY: BULLS ARE BREAKING OBSTACLES

07:53 21.09.2017

 

Recommendations:

 

BUY 112.1 SL 111.55 TP1 113.3 TP2 113.85

 

BUY 111.85 SL 111.3 TP1 112.85 TP2 113.3

 

On the daily chart, USD/JPY keeps going north towards 88.6% target of the “Shark” pattern. Bulls showed their strength by managing to conquer resistance at 112.07. Currently it is acting as support.

 

1505980299-5a117e210f07e8a06e5a07b2ea892

 

On the daily chart, USD/JPY reached the targets of the “Widening wedge”. The pair is trading within the uptrend channel. This means that bulls are in control of the pair. Pullbacks towards 112.10 and 111.85 can be used for forming long positions. 

 

1505980343-1f50b4d918123f905c31c70a9dfda

 

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EUR/USD: BEARISH "PENNANT"

09:37 21.09.2017

 

1505986618-3961eac364cacc2a3350c2213190d

 

We've got a "Triple Top", so the market has plunged. In this case, we should keep an eye on the next support at 1.1837 - 1.1822 as an intraday target. If a pullback from this area happens, we could have an upward correction in the direction of the 89 Moving Average.

 

1505986618-fa39e2fdf88aa6431bd7714a767d3

 

We've got a "Pennant", so the pair is likely going to test the closest resistance at 1.1907 during the day. However, if we have a pullback from this area, there'll be an opportunity to have another decline towards the next support at 1.1975 - 1.1822.

 

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GBP/USD: 55 MA ACTED AS SUPPORT

09:40 21.09.2017

 

1505986618-9fc4a9c3570be455bc567034d26ac

 

There's a "Double Top", but the price is consolidating. It's likely that bears are going to reach the nearest support at 1.3374. Meanwhile, if we have a pullback from this level, bulls will probably try to reach the closest resistance afterwards.

 

1505986619-bf8d1571c3784e248056efb7d4b69

 

The 55 Moving Average has acted as support, so the price is consolidating. Also, we've got a developing bearish "Flag" pattern. In this case, bulls are likely going to test the nearest resistance at 1.3532 - 1.3550. If a pullback from these levels arrives later on, there'll be an opportunity to have a bearish price movement towards the 89 Moving Average.

 

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EUR/USD: BULLISH "HIGH WAVE"

11:20 21.09.2017

 

1505992788-417d3a51a29adc234fc41093ce46e

 

The 89 Moving Average has acted as support, so we've got a "High Wave" pattern, which was confirmed. So, we could have an upward correction and a decline afterwards.

 

1505992787-bec6ea92f9c51638839328799c2bd

 

There's a bullish "High Wave", which has been confirmed. In this case, the market is likely going to test the nearest "Window". If a pullback from this level happens, bears will try to deliver a new local low.

 

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USD/JPY: BEARISH "HARAMI"

11:24 21.09.2017

 

1505992788-ef9defc7766f56b6b9b02c4e839f3

 

We've got a "Shooting Star", but this pattern hasn't been confirmed yet. So, we could have a local downward correction. If any bullish pattern arrives afterwards, there'll be an opportunity to have another upward price movement.

 

1505992788-8316c325d5754bd7154d599c3990a

 

There's a bearish "Harami", which has been confirmed enough. However, we could have a local upward correction in the short term. Nevertheless, bears are likely going to test the 55 Moving Average later on.

 

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