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EUR/USD: NO ONE WANTS TO GIVE IN

07:01 13.10.2017

 

Recommendations:

 

SELL 1.193 SL 1.1985 TP 1.177

 

BUY 1.177 SL 1.1705 TP 1.193

 

On the daily chart, the “Shark” pattern is transforming into 5-0. Pullbacks towards 38.2%, 50% and 61.8% of the wave CD are usually used for selling. The inability of bulls to lead the pair outside of the downtrend channel will point at their weakness.

 

1507878025-8afba167b3e7c15d0d5d28d0f3c7b

 

On H1, EUR/USD keeps forming the “Widening wedge”. Pullbacks towards 23.6%, 38.2% and 50% of the wave 4-5 are usually used for buying. Long positions can be entered at 1.1715 and 1.1695.

 

1507878039-144c086f9efd0dd7367f2818eb875

 

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EUR/GBP DOESN’T WANT TO GIVE UP

07:28 13.10.2017

 

Recommendation:

 

BUY 0.8855 SL 0.88 TP1 0.8955 TP2 0.9055

 

BUY 0.902 SL 0.8965 TP1 0.91 TP2 0.92

 

On the daily chart, the “Shark” pattern is transforming into 5-0. Pullbacks towards 38.2%, 50% and 61.8% of the wave CD are usually used for buying. 

 

1507879638-bc1ce4ebdd72b71af2881b8edc2b5

 

On H1, a break below support at 0.8905-0.8915 will trigger the senior “Shark” pattern with targets at 61.8%, 78.6%, and 88.6%. Risks of the uptrend’s resumption will strengthen in case of a successful test of resistance at 0.9020 (88.6% of the wave CD of the junior “Shark” pattern).

 

1507879656-311438cdc50bb0f634d8ee27e47a0

 

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GBP/USD: POUND IS GOING TO SSB

07:37 13.10.2017

 

Technical levels: support – 1.3270; resistance – 1.3340.

 

Trade recommendations:

 

Sell — 1.3340; SL — 1.3360; TP1 — 1.3270; TP2 — 1.3240.

Reason: narrowing bearish Ichimoku Cloud, rising Senkou Span B; a golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen and  Kijun-sen; the prices are going to Senkou Span B after supported by Kijun-sen.

 

1507880223-5838ef800660551113de2aff99712

 

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AUD/USD: AUSSIE ENTERED INTO CLOUD

07:38 13.10.2017

 

Technical levels: support – 0.7800; resistance – 0.7850, 0.7880.

 

Trade recommendations:

 

Sell — 0.7850; SL — 0.7870; TP1 — 0.7800; TP2 — 0.7780.

Reason: bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen; the prices are entered into the Cloud and will test the highs of a last week.

 

1507880223-42a68b4bfa2f0515dfbaa054e9dba

 

 

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EUR/USD: 34 MA ACTED AS SUPPORT

08:08 13.10.2017

 

1507882028-321d858d61e125903ee11bf960e60

 

The price is consolidating between the levels 1.1892 - 1.1822. It's likely that bulls are going to reach the nearest resistance at 1.1892 in the short term. If a pullback from this level happens little later on, there'll be an opportunity to have a decline towards the closest support at 1.1822 - 1.1793.

 

1507882028-076e62ecec93eb570bba973a268d6

 

The 34 Moving Average has acted as support, so the price is consolidating. In this case, bears are likely going to test the 55 Moving Average soon. However, if we have a pullback from this line, bulls will probably try to reach another resistance at 1.1879 - 1.1889.

 

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GBP/USD: "THORN" PATTERN

08:09 13.10.2017

 

1507882028-e0a35a68c5463919245166309dc44

 

Bulls faced with resistance at 1.3290, but the market is likely going to continue moving up, so we should keep an eye on the next resistance at 1.3290 - 1.3342 as an intraday target. If we have a pullback from this area, there'll be an opportunity to have a decline towards the nearest support at 1.3221 - 1.3182.

 

1507882027-782a2d2fad77dd5db39efcdd29062

 

We've got a "Thorn" pattern, so the price is consolidating. Therefore, the market is likely going to reach the nearest support at 1.3256 - 1.3221 during the day. At the same time, if we have a pullback from these levels, bulls will probably try to test the next resistance at 1.3290 - 1.3343.

 

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EUR/USD: BULLS GOING TO DELIVER WAVE [iII]

10:26 13.10.2017

 

1507890323-d6ff00347a7d6f1f0340a6623f409

 

There's a zigzag in wave 4, so an upward impulse in wave has been formed. In this case, we could have a correction, which could be wave [ii]. Nevertheless, bulls are likely going to deliver wave [iii] afterwards.

 

1507890323-6e21e226f50228a64fc3792a21dde

 

Wave (v) of may have been ended, cause there's a pullback from 5/8 MM Level. Wave [ii] is likely going to take the form of a zigzag, so we should keep an eye on 2/8 MM Level, which could be a departure point for wave (i) of [iii].

 

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NZD/USD: BEARS ARE IN THE FORTRESS

07:05 16.10.2017

 

Recommendation: SELL 0.7145 SL 0.72 TP 0.698

 

On the daily chart, NZD/USD formed AB=CD pattern with a target at 127.2%. The pair failed to reach 78.6% of the Gartley pattern. This gives bears hope for a resumption of the downtrend. Their main task is not to let bears get above 0.7190 and 0.7780.

 

1508137466-fb9be1d9d65d6402746f6573306cf

 

On H1, further dynamics of the pair will depend on bears’ ability to return the pair below support at 0.7145. If they manage to do this, chances for a resumption of the downtrend will increase.

 

1508137486-3696dc2326705fd45dfa7b732beb8

 

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AUD/USD: AUSSIE GOING TO SSB

07:47 16.10.2017

 

Technical levels: support – 0.7860; resistance – 0.7915, 0.7955

 

Trade recommendations:

 

Buy — 0.7880; SL — 0.7860; TP1 — 0.7915; TP2 — 0.7955.

Reason: narrowing bearish Ichimoku Cloud, rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, rising Tenkan-sen and Kijun-sen; the prices are on the strong support, but the market is overbought.

 

1508140047-42a68b4bfa2f0515dfbaa054e9dba

 

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USD/JPY: DOLLAR WILL TEST SSB’S SUPPORT

07:49 16.10.2017

 

Technical levels: support – 111.50; resistance – 112.40.

 

Trade recommendations:

 

Buy — 111.50; SL — 111.30; TP1 — 112.40; TP2 — 112.80.

Reason: narrow bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with horizontal Tenkan-sen; the prices are falling down to the support of lower border of the Cloud.

 

1508140047-3dcc4d3b0e9d38341d309e86e7227

 

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AUD/USD: BULLS COUNTERATTACKED

08:41 16.10.2017

 

Recommendations:

 

BUY 0.7815 SL 0.776 TP1 0.7955 TP2 0.8055

 

SELL 0.775 SL 0.7805 TP 0.7615

 

On the daily chart, the inability of bears to pull the prices below 0?7727 pointed at their weakness. Bulls counterattacked and count on the inverted “Shark” pattern. To begin with, they need to hold above 0.7872.

 

1508143220-1db64c049cc9775b27418fd0e6b08

 

On H1, AUD/USD formed a “widening wedge”. Pullbacks towards 23.6%, 38.2% and 50% of the wave 4-5 are usually used for buying. A decline below support levels at 78.6% and 88.6% may represent good selling opportunities.

 

1508143254-ef00342837a633bda01cab6a3fe3e

 

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EUR/USD: BULLISH "HAMMER"

14:08 16.10.2017

 

1508162826-d75037310e801ff342755a78df682

 

The price reached the nearest support, so we could have a reversal bullish pattern soon. If so, the price is likely going to test the closes resistance level, which could be a departure point for another decline.

 

1508162827-e95d4040711e3663fa83b062fa572

 

We've got a bullish "Harami" at the local low. Considering confirmation of this pattern, the market is likely going to test the next resistance level during the day. If any bearish pattern arrives little later on, we'll likely have just another decline.

 

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USD/JPY: BULLISH "HAMMER"

15:33 16.10.2017

 

1508162827-ecba764ae555bda4cd4831d1a95a5

 

The 89 Moving Average is acting as support, so we've got a bullish "Hammer" on this line. Therefore, the pair is likely going to test the 34 MA, which could act as resistance.

 

1508162827-0745a9342df788e05d8395a757e46

 

There's a bullish "Hammer", so the market is likely going to test the Moving Averages in the coming hours. If a pullback from these lines happens, there'll be an opportunity to have a new local low.

 

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EUR/USD: WAVE [iI] ENDED LIKE A ZIGZAG

15:43 16.10.2017

 

1508168533-1633536f92d35167565bb64d2ea70

 

There's a pullback from 1/8 MM Level, so wave [ii] may have been formed. So, we're likely going to have another upward price movement. The main target for wave [iii] is 6/8 MM Level.

 

1508168533-94e3d1298503605ba5df03576c95c

 

Wave [ii] ended like a zigzag, so the price is rising. 2/8 MM Level has acted as support. In this case, we could have wave (i) in the coming hours and wave (ii) little later on.

 

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EUR/USD: EURO RETURNED TO SENKOU SPAN A

06:02 17.10.2017

 

Technical levels: support – 1.1770, 1.1730; resistance – 1.1825.

 

Trade recommendations:

 

Buy — 1.1730; SL — 1.1710; TP1 — 1.1800; TP2 – 1.1825

Reason: bearish Ichimoku Cloud wit falling Senkou Span A; a new weak dead cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices are breakdown the Kijun’s support and going to bottom border of a Cloud.

 

1508220072-5974574d0f06c411e972e24d898d2

 

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GBP/USD: POUND SUPPORTED BY KIJUN-SEN

06:03 17.10.2017

 

Technical levels: support – 1.3230; resistance – 1.3340.

 

Trade recommendations:

 

Buy — 1.3230; SL — 1.3210; TP1 — 1.3340; TP2 — 1.3375.

Reason: bearish Ichimoku Cloud with horizontal Senkou Span A and B; a new golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices are returned to Kijun-sen in a correctional movement.

 

1508220072-5838ef800660551113de2aff99712

 

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XAU/USD: GOLD IS FALLING INTO ABYSS

07:14 17.10.2017

 

Recommendation:

 

SELL $1267

 

SL 1282

 

TP1 $1237 TP2 $1222 TP3 $1212

 

On the daily chart, the inability of bulls to overcome resistance at $1299-1302 an ounce points at their weakness. If sellers manage to trigger AB=CD, risks of continuation towards the 200% target will significantly increase.

 

1508224391-d8029dd1a750de79fab315e2c8c95

 

On H1, gold is correcting as the “Shark” pattern is transforming into 5-0. If bears want to return the quotes to support levels at 78.6% and 88.6% and conquer them, the continuation of the downtrend will become a reality.

 

1508224425-ec8be01d836e6a0db07525bf3cdc0

 

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USD/CAD: BULLS ARE READY FOR NEW HIGHS

07:45 17.10.2017

 

Recommendation:

 

BUY 1.256

 

SL 1.2505

 

TP1 1.2715 TP2 1.292 TP3 1.324

 

On the daily chart, bulls are trying to restore the short-term uptrend. They managed to defend their fortress near 1.2460. Now buyers are counting on growth towards 88.6% target of the inverted “Shark” pattern.

 

1508226203-1430b06b52ccdf0a9e951da313446

 

On H1, USD/CAD formed a “Spike and ledge” pattern. The pair’s trading within the consolidation range of a ledge (1.2435-1.2560). A break of its upper border will strengthen the case for the uptrend to resume.

 

1508226221-5c726ce87bf89e31cdcfbd4c37b26

 

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EUR/USD: "DOUBLE TOP" PATTERN

09:14 17.10.2017

 

1508231595-33b3d91daf232fde458e4a3a3ccd9

 

The last "Double Top" pattern led to the current decline. The main intraday target is the nearest support at 1.1745 - 1.1719. If we see a pullback from this area, there'll be an opportunity to have an upward price movement towards the closest resistance at 1.1822 - 1.1837.

 

1508231595-b1ef295d7227ec7fb9025bd03ad66

 

There's a "Double Top" pattern, which has been formed under the Moving Averages. In this case, the market is likely going to test the next support at 1.1761 - 1.1738. If a pullback from these levels happens little later on, we could have an upward correction in the direction of the 34 Moving Average.

 

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GBP/USD: DEVELOPING "PENNANT" PATTERN

09:15 17.10.2017

 

1508231594-eea1d512e208c3d60c82063ffd009

 

We've got a local "V-Top", so the price is consolidating. Also, there's a possible "Pennant" pattern, so the pair is likely going to test another support at 1.3221 - 1.3150. Meanwhile, if we have a pullback from these levels, there'll be an opportunity to have a bullish price movement towards the closest resistance at 1.3342 - 1.3400.

 

1508231594-26b267c8f51da410469415e1d25fc

 

The price is still consolidating. Also, there's a possible developing "Pennant" pattern. Therefore, bears are likely going to test the nearest support at 1.3221 - 1.3202. If a pullback from this area happens, we should keep an eye on the nearest resistance at 1.3290 - 1.3342 as an intraday target.

 

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EUR/USD: DEVELOPING WAVE [iI]

10:50 17.10.2017

 

1508237390-2a6a583e6c6a80abdbfeb3251a54a

 

The price is still declining, which means we should keep an eye on 0/8 MM Level as the nearest bearish target. If a pullback from this level happens, there'll be an opportunity to have another upward impulse in wave [iii].

 

1508237391-fe171ce898fcaa8cf37e3ddaf9268

 

There's a developing wave [ii], which hasn't been finished yet, so an impulse in wave © is likely going to be continued. The main intraday target is 0/8 MM Level, which could be a departure point for wave (i) of [iii].

 

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USD/JPY: CONFIRMED BULLISH "HAMMER"

13:52 17.10.2017

 

1508248251-a04a3d1d9c8f856c51dec02e9c5fd

 

The 89 Moving Average has acted as support, so we've got a "Hammer" and a "Tweezer" patterns. So, bulls are likely going to test the nearest "Window" in the short term.

 

1508248250-15c52d460568f9ed2f179bdb81e13

 

The last bullish "Hammer" has been confirmed. However, there's a pullback from the Moving Averages, so we could have a local correction during the day. Nevertheless, bulls will probably try to deliver a new local high afterwards.

 

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EUR/USD: "WINDOW" GOING TO ACT AS SUPPORT

13:54 17.10.2017

 

1508248251-d4b3f34e3e78d597d23a59a293f14

 

The last bearish "Three Black Crows" led to the current decline. At the same time, there isn't any bullish pattern so far. In this case, the market is likely going to continue declining in the direction of the nearest support.

 

1508248251-33b2f8bde3bbaeb50eb7477410bb5

 

The lower "Window" is likely going to act as support. If a pullback from this level happens, we could have an upward correction towards the Moving Averages.

 

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AUD/USD: AUSSIE SUPPORTED BY KIJUN-SEN

05:19 18.10.2017

Technical levels: support – 0.7830; resistance – 0.7915, 0.7955

 

Trade recommendations:

 

Buy — 0.7830; SL — 0.7810; TP1 — 0.7915; TP2 — 0.7955.

Reason: narrowing bearish Ichimoku Cloud, rising Senkou Span A; a cancelled golden cross of Tenkan-sen and Kijun-sen, but rising Kijun-sen; the prices are on the strong support of Kijun-sen and the market is left the local overbought area.

 

1508303972-42a68b4bfa2f0515dfbaa054e9dba

 

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USD/JPY: BULLS TESTED SSA’S RESISTANCE

05:21 18.10.2017

 

Technical levels: support – 112.00; resistance – 112.40, 112.90.

 

Trade recommendations:

 

Buy — 112.20; SL — 112.00; TP1 — 112.90; TP2 — 113.40.

Reason: narrowing bearish Ichimoku Cloud with rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen; the prices are supported by Tenkan-sen and Kijun-sen and will going to positive area.

 

1508303972-3dcc4d3b0e9d38341d309e86e7227

 

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