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GBP/USD: BEARS ENTERED INTO CLOUD

07:17 27.09.2017

 

Technical levels: support – 1.3310, 1.3255; resistance – 1. 3560.

 

Trade recommendations:

 

Buy — 1.3260; SL — 1.3240; TP1 — 1.3440; TP2 — 1.3560.

Reason: bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, with the falling lines; the market entered into the cloudy area and may go lower to the support of Senkou Span B.

 

1506496620-5838ef800660551113de2aff99712

 

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AUD/USD: AUSSIE IS OVERSOLD

07:18 27.09.2017

 

Technical levels: support – 0.7830; resistance – 0.7900, 0.7940.

 

Trade recommendations:

 

Buy — 0.7830; SL — 0.7810; TP1 — 0.7900; TP3 — 0.7870.

Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen; the prices are in the oversold area; strong support on 0.7830.

 

1506496620-77792247dfb92d8a1910c0d72fd89

 

 

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GBP/USD: POUND IS FLIRTING WITH INDIANS

07:23 27.09.2017

 

Recommendations:

 

SELL 1.34 SL 1.3455 TP 1.3325 TP2 1.322

 

BUY 1.356 SL 1.3505 TP1 1.356 TP2 1.375

 

On the daily chart, GBP/USD keeps forming “Three Indians” pattern. A successful test of support at 1.3400 will allow bears to develop correction. Never the less, pound is in the clear bullish trend, so targets of shorts should be moderate.

 

1506496946-b6b56ed02b1869ac79ae2067aff9c

 

On H1, a repeated test of support at 1.34 will increase the odds of realization of 88.6% target of the “Shark” pattern. Return of the price to the middle of the 1.3465-1.3610 consolidation range will trigger “Shakeout-Fakeout” pattern and create grounds for resumption of the bullish trend.

 

1506496969-2cf183d9aa99dd882e50bd88c66a5

 

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EUR/USD: BROKEN "PENNANT"

08:32 27.09.2017

 

1506501083-84d83230f72f5a16f189c4d2e4697

 

Bears went through support at 1.1772, so we should keep an eye on the next support at 1.1714 - 1.1688 as the next intraday target. If a pullback from this area happens, we could have an upward correction towards the nearest resistance at 1.1772 - 1.1793.

 

1506501083-225443a50fe34bf07d28d2c4cdac4

 

The last "Pennant" pattern has been broken, so the price is declining. The main target is the closest support area at 1.1714 - 1.1688, which could be a departure point for a bullish correction.

 

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GBP/USD: BEARS GOING TO TEST ANOTHER SUPPORT

08:34 27.09.2017

 

1506501082-9afc452c8140c689855ef68f22a15

 

The local uptrend has been broken, so the pair is likely going to decline in the direction of the next support at 1.3328 - 1.3278. However, if we have a pullback from these levels, there'll be an opportunity to have an upward correction towards the nearest resistance at 1.3444 - 1.3479.

 

1506501082-348fa99cf0afc9179a6d7dda2ca9c

 

The pair faced with resistance at 1.3374, so bears are likely going to test another support at 1.3328 - 1.3278 during the day. If we have a pullback from this area, bulls will probably try to test the closest resistance at 1.3404.

 

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EUR/USD: BEARISH "THREE METHODS"

12:45 27.09.2017

 

1506516291-93aa58d0f278d8c18b41209485fe1

 

We've got a bearish "Three Methods" pattern, so the price is declining. There isn't any reversal pattern so far, which means bears are likely going to push the price even lower in the short term.

 

1506516291-185673d510bdd10a8e1fabeb5546f

 

There's a bullish "Harami", but this pattern remains unconfirmed. Therefore, we could have just a local upward correction. If a pullback from the nearest resistance happens little later on, bears will try to deliver a new local low.

 

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USD/JPY: PAIR GOING TO CONTINUE MOVING UP

12:48 27.09.2017

 

1506516291-7de61e9c3f747e5bb1115b19af1ad

 

The last "Window" has been broken, so we don't have any reversal pattern so far. In this case, the pair is likely going to continue moving up towards the next resistance level.

 

1506516291-24f475003b9a0655e1e97464429ac

 

We've got a bearish "Harami", which hasn't been confirmed yet. So, there's an opportunity to have a local correction during the day. However, bulls will try to deliver a new local high afterwards.

 

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EUR/USD: PRICE ACHIEVED 0/8 MM LEVEL

13:33 27.09.2017

 

1506519146-a1dcfbc641c9bdbb4a9306d2073a9

 

The price is still declining. It seems like wave 4 is taking the form of a zigzag, which is about to end. So, if a pullback from 0/8 MM Level happens later on, there'll be an opportunity to have wave of 5.

 

1506519147-fb7e1ef6f549363bd469a744d113c

 

The pair has achieved 0/8 MM Level, which could act as support. If so, bulls are likely going to deliver wave . The main intraday target is 2/8 MM Level.

 

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EUR/JPY: BEARS ARE LOSING POWER

07:10 28.09.2017

Recommendation:

 

BUY 133.05

 

SL 132.5

 

TP1 134.45 TP2 135.5

 

On the daily chart, after EUR/JPY reached 161.8% target of AB=CD and corrected, it rebounded from the key support level at 132.05. Bulls are trying to use pin bar and resume the uptrend.

 

1506582572-1f6af6cb3116c37c6462f86b902bb

 

On H1, EUR/JPY formed a “Widening wedge” and broke below the diagonal support in the lower part of the trade channel. To resume the uptrend, bulls will need to return the pair inside the trend channel. To do this, they should get above resistance at 133.05.

 

1506582586-b5844b895084494810d4a7763b181

 

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USD/JPY: BULLS KEEP PUSHING

07:15 28.09.2017

 

Recommendation:

 

BUY 112.5 SL 111.95 TP1 113.7 TP2 114.25 TP3 115.3

 

BUY 111.85 SL 111.35 TP1 113.7 TP2 114.25

 

On the daily chart, USD/JPY approached 88.6% target of the inverted “Shark” pattern. If they succeed to keep the pair above 113, the pair may go for 113% target.

 

1506582882-3297c54597baddc0779dab87f7356

 

On H1, USD/JPY keeps rising towards 224% target of AB=CD. The nearest resistance is close to 113.65. A recoil down from this level is likely. Trend remains bullish, so correction with the following recoil to the downside may be used for buying.  

 

1506582898-1f50b4d918123f905c31c70a9dfda

 

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EUR/USD: EURO ON MAIN SUPPORT

07:25 28.09.2017

 

Technical levels: support – 1.1725; resistance – 1.1800, 1.1875.

 

Trade recommendations:

 

Buy — 1.1725; SL — 1.1700; TP1 — 1.1800; TP2 – 1.1825.

Reason: bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, falling lines; the market is oversold and the prices on the main daily support of the Cloud.

 

1506583534-5974574d0f06c411e972e24d898d2

 

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USD/JPY: DOLLAR REACHED NEW HIGHS

07:28 28.09.2017

 

Technical levels: support – 112.40; resistance – 113.40.

 

Trade recommendations:

 

Sell — 113.40; SL — 113.60; TP1 — 112.60; TP2 — 112.20.

Reason: bullish Ichimoku Cloud with rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen; but the market is overbought and the prices under the strong daily resistance.

 

1506583534-3dcc4d3b0e9d38341d309e86e7227

 

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EUR/USD: PRICE GOING TO CONTINUE FALLING

09:05 28.09.2017

 

1506589445-205d40d853f47d3079eeeddd04f8d

 

Bears faced with support at 1.1714, so the price is consolidating. However, the market is likely going to continue falling down towards the next support at 1.1688 - 1.1661. If a pullback from this area happens, we could have an upward price movement in the direction of the nearest resistance at 1.1793 - 1.1822.

 

1506589445-133466c6f9afafe21f7151d7a5058

 

The price is consolidating between the levels 1.1714 - 1.1772. The 34 Moving Average is likely going to act as resistance during the day. If a pullback from this line happens, we could have another decline towards the closest support at 1.1714 - 1.1688.

 

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GBP/USD: BEARISH "PENNANT"

09:07 28.09.2017

 

1506589446-b42b245bd8c6528671e381f13716d

 

There's a downward "Wedge", so the market is likely going to decline towards the nearest support at 1.3328 - 1.3278. If a pullback from this area happens little later on, there'll be an opportunity to have an upward price movement in the direction of the closest resistance at 1.3444 - 1.3479

 

1506589445-a1865e43e1ffac004a1ccfcd9c788

 

We've got a consolidation, which is taking place under the 34 Moving Average. Also, there's a "Pennant", so bears are likely going to decline towards the next support at 1.3328 - 1.3278. Meanwhile, if a pullback from these levels arrives afterwards, bulls will try to test the nearest resistance at 1.3374 - 1.3404.

 

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EUR/USD: BULLISH "TWEEZERS" PATTERN

12:40 28.09.2017

 

1506602368-e33f6801b512c0fd40d95d319ccb2

 

There are bullish patterns such an "Inverted Hammer" and an "Engulfing", which both have been confirmed enough. So, we could have a local upward correction. If a pullback from the nearest resistance happens, bears will try to deliver a new local low.

 

1506602368-f99738892c94965f1f51c8264bce0

 

We've got a bullish "Tweezers" pattern. Also, there's a "Three White Soldiers", so we should keep an eye on the 55 Moving Average as an intraday target. If a pullback from this line happens, there'll be an opportunity to have another decline.

 

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USD/JPY: BEARISH "ENGULFING

12:42 28.09.2017

 

1506602368-9b3402130b5add5c974b351bfa9fb

 

We've got a bearish "Engulfing", but confirmation of this pattern is a quite weak. So, we could have just a local correction. In this case, bulls are likely going to break the last high once again.

 

1506602368-90f8fa4f628b9cbc46c62930a7d2d

 

There are a "Harami" and a "High Wave" patterns, which both have been formed at the local high. Therefore, the 55 Moving Average is likely going to act as support during the day.

 

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EUR/USD: TWO PULLBACKS FROM 0/8 MM LEVEL

13:06 28.09.2017

 

1506603955-1cf44e8e7098782e26c836c1138f8

 

Wave 4 may have been formed like a zigzag, cause there's a pullback from 0/8 MM Level. Therefore, we're likely going to have an upward impulse in wave 5 soon.

 

1506603955-cf5a9963aa5c15e3db2dc4025422a

 

There are two pullbacks from 0/8 MM Level in a row, so the price is rising. It's likely that we've got developing wave . If so, wave (iii) is going to move on in the short term.

 

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GBP/USD: POUND SUPPORTED INSIDE CLOUD

06:47 29.09.2017

 

Technical levels: support – 1.3310, 1.3380; resistance – 1. 3560.

 

Trade recommendations:

 

Buy — 1.3400; SL — 1.3380; TP1 — 1.3510; TP2 — 1.3560.

Reason: narrow bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with the falling Kijun-sen; the prices are on the strong support inside a Cloud.

 

1506667624-5838ef800660551113de2aff99712

 

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AUD/USD: AUSSIE REACHED MAIN SUPPORT

06:48 29.09.2017

 

Technical levels: support – 0.7800, 0.7830; resistance – 0.7880, 0.7900.

 

Trade recommendations:

 

Buy — 0.7840; SL — 0.7820; TP1 — 0.7880; TP2 — 0.7900.

Reason: bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen; the prices are in the oversold area yet, but entered into the channel of Tenkan-Kijun and can grow to Kijun’s levels.

 

1506667625-42a68b4bfa2f0515dfbaa054e9dba

 

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EUR/USD: EURO PAINTED A WEDGE

07:31 29.09.2017

 

Recommendation:

 

SELL 1.1870 SL 1.1925 TP 1.1755

 

SELL 1.1910 SL 1.1965 TP 1.1790

 

On the daily chart, EUR/USD keeps forming “Shark” pattern and “Head and Shoulders”. Further fate of the pair will depend on the test of the neckline. There’s an important resistance at 1.1860-1.1865.

 

1506670245-8afba167b3e7c15d0d5d28d0f3c7b

 

On H1, EUR/USD is finishing “Widening wedge” pattern. A successful test of resistance at 1.1805 will trigger the “Dragon” pattern and increase the odds of growth towards 50%, 61.8% and 78,6% of the wave 4-5. The sellers will take it from there.

 

1506670259-144c086f9efd0dd7367f2818eb875

 

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EUR/GBP: BULLS COUNTERATTACKED

07:41 29.09.2017

 

Recommendations:

 

BUY 0.881 SL 0.8755 TP1 0.891 TP2 0.9

 

SELL 0.8755 SL 0.881 TP 0.8655

 

On the daily chart, EUR/GBP bulls are trying to hold at the lower border of the 0.8775-0.8900 consolidation range. If they fail, a formation of the “Shark” and “Shakeout-Fakeout” pattern will increase the risks of the pair’s advance above 0.9000.

 

1506670805-56123217670f454135dc08eee35d0

 

On H1, EUR/GBP is in the final stage of the “Widening wedge”. A break of resistance at 0.8795 (23.6% of the wave 4-5) and 0.8810 will open the way to the upside. Selling the pair will become a good idea below support at 0.8755.

 

1506670820-311438cdc50bb0f634d8ee27e47a0

 

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EUR/USD: "DOUBLE BOTTOM"

09:14 29.09.2017

 

1506676415-9e6489d0933af31b2ffd26b9dfaf5

 

There's a "Double Bottom", so the price reached the nearest resistance at 1.1793. Meanwhile, the market is likely going to continue moving up towards the next resistance at 1.1822 - 1.1837. If a pullback from this area happens, we could have a decline in the direction of the closest support at 1.1793 - 1.1772.

 

1506676415-d0adcc2420ad6f4a63982c707ff05

 

The price is consolidating between the levels 1.1772 - 1.1793. Also, we've got a "Pennant" pattern, which has been broken. So, we bulls are likely going to reach the next resistance at 1.1822 - 1.1837 in the coming hours. If we have a pullback from these levels, bears will probably try to deliver a downward correction.

 

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GBP/USD: "PENNANT" PATTERN

09:17 29.09.2017

 

1506676415-fe643e743a47f7e577516988b1816

 

The market is consolidating between the levels 1.3444 - 1.3328. At the same time, there's a downward "Wedge", so the pair is likely going to reach the nearest resistance at 1.3479 - 1.3533 in the short term. If a pullback from this area happens, we could have a decline towards the closest support at 1.3444 - 1.3374.

 

1506676415-921e6f3abed336006efafa34846ed

 

There's a downward "Wedge", so the price is consolidating. Also, we've got a "Pennant" pattern, so bulls are likely going to achieve the next resistance at 1.3479 - 1.3513 during the day. However, if we have a pullback from this area, there'll be an opportunity to have a downward price movement in the direction of support at 1.3404 - 1.3374.

 

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EUR/USD: BULLISH "THREE METHODS"

12:30 29.09.2017

 

1506688151-25eaad07399ed342357bc53c8d48a

 

The last "Inverted Hammer" and "Engulfing" patterns led to the current bullish price movement. Also, there's a "Three Methods", so we could have the price even higher. However, if a pullback from the nearest resistance happens little later on, we could have another decline.

 

1506688151-28d241ed07d13022d9832bc4942c1

 

There's a bullish "Three Methods", which has been confirmed. So, the 89 Moving Average is likely going to act as resistance in the coming hours.

 

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USD/JPY: PRICE GOING TO TEST 55 MA

12:32 29.09.2017

 

1506688151-cc58da585b3846145b6fb56ae0aa3

 

We've got a bearish "Engulfing" pattern, which is still on the table. So, the price is likely going to test the 55 Moving Average, which could be a departure point for another upward price movement.

 

1506688151-1b829e1d91fd02e324b6c37635154

 

There's a bullish "Harami", which has been formed on the 55 Moving Average. However, this pattern hasn't been confirmed enough. In this case, the pair is likely going to test the nearest "Window" during the day. If a pullback from this level happens, we could have a decline towards the last low.

 

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