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EUR/USD: "V-BOTTOM" PATTERN

09:24 31.10.2017

 

1509441614-1125db2055b7db41fb2271692a9f6

 

There's a "V-Bottom" pattern, so the price is consolidating. It's likely that bulls are going to reach the nearest resistance at 1.1668 - 1.1695 in the short term. If a pullback from this area happens, there'll be an opportunity to have a decline towards the next support at 1.1560 - 1.1533.

 

1509441614-8147a1cfc125aefdd6db2d059a042

 

The price is consolidating under the 34 Moving Average, so bears are likely going to test the next support at 1.1615 - 1.1601 during the day. Meanwhile, if we see a pullback from these levels, there'll be an option to have an upward price movement in the direction of the 55 Moving Average.

 

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GBP/USD: BULLISH "FLAG"

09:28 31.10.2017

 

1509441614-b6a670eefd35a65d2a5d5eec972f0

 

The Moving Averages are acting as resistance. Nevertheless, the pair is likely going to test the next resistance at 1.3278 - 1.3311 in the short term. If we have a pullback from this area, there'll be an option to have a decline towards the closest support at 1.3227 - 1.3182.

 

1509441613-2aecc075db2eef8b367593aa00653

 

There's a bullish "Flag" pattern, so the market is likely going to test the nearest resistance at 1.3278 - 1.3286 in the coming hours. This area could be a departure point for a bearish correction towards the closest support at 1.3208 - 1.3182.

 

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EUR/USD: ZIGZAG IN WAVE (IV)

09:56 31.10.2017

 

1509443660-a648c995f845e888121bc50ed0070

 

There's a pullback from 2/8 MM Level, so wave (iii) might have been formed. Also, wave (iv) hasn't been finished yet, so we should keep an eye on 3/8 MM Level as an intraday target. If a pullback from this level happens, there'll be an opportunity to have another bearish impulse in wave (v) of [iii].

 

1509443660-e1f292d06da3e849a022ddcf4bb76

 

Wave (iv) is taking the form of a zigzag. 3/8 MM Level has acted as resistance, so we could have wave b during the day. If a pullback from 2/8 MM Level happens little later on, bulls are likely going to deliver wave c of (iv).

 

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EUR/USD: "TWEEZERS" AND "HARAMI"

12:43 31.10.2017

 

1509453701-277d35c53f911b6cb7ae754984e85

 

There's a bearish "Harami", but confirmation of this pattern isn't enough. So, bulls are likely going to test the 34 Moving Average, which could be a departure point for another decline.

 

1509453700-ac26b956751e21e4ece97f51c52cc

 

The 34 Moving Average is acting as resistance, so we've got a "Tweezers" and a "Harami" on this line. In this case, we could have a local decline during the day. Nevertheless, bulls will probably try to resume an upward correction afterwards.

 

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USD/JPY: "WINDOW" GOING TO ACT AS RESISTANCE

12:48 31.10.2017

 

1509453700-992f114f6e52422bdee11cd19e3d5

 

The 55 Moving Average has acted as support, so there are a "Hammer" and a "Doji" patterns on this line. So, the upper "Window" is likely going to act as resistance in the short term. If a pullback from this level happens little later on, there'll be an opportunity to have just another decline.

 

1509453701-122338a3ead6c7ca7bb362acc417e

 

 

The price has been rising since an "Inverted Hammer" formed at the local low. So, bulls are likely going to reach the next "Window" in the coming hours. If a pullback from this level arrives, bears will try to deliver a downward price movement in the direction of the lower "Window".

 

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EUR/USD: 34 MA ACTED AS RESISTANCE

06:33 01.11.2017

 

1509517889-9d0e6be5cf3c4f83622525a1532c9

 

The price is consolidating between the levels 1.1668 - 1.1615. The main intraday target is the nearest resistance at 1.1695. If a pullback from this level happens, there'll be an opportunity to have a decline towards the closest support at 1.1582 - 1.1560.

 

1509517889-2899e369ef425892de4a34c3f0f29

 

The 34 Moving Average has acted as resistance, so bears are likely going to test the nearest support at 1.1615 - 1.1601. This area could be a departure point for another bullish price movement in the direction of the 89 Moving Average.

 

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GBP/USD: "DOUBLE TOP" PATTERN

06:35 01.11.2017

 

1509517888-5bbae55503c200b1c564d870c0585

 

All the Moving Averages have been broken, but bulls faced with resistance at 1.3311, so the price is consolidating. In this case, the 89 Moving Average is likely going to act as support. If so, there'll be an opportunity to have another upward price movement towards another resistance at 1.3336 - 1.3370.

 

1509517889-1bbe57552640f76dea6cbd0c485d6

 

There's a "Double Top" pattern, so the pair is likely going to get support on the 34 Moving Average during the day. If a pullback from this line happens little later on, bulls will probably try to reach the next resistance area at 1.3311 - 1.3336.

 

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EUR/USD: EURO IN CONSOLIDATION ON TENKAN-SEN

07:00 01.11.2017

 

Technical levels: support – 1.1630; resistance – 1.1670.

 

Trade recommendations:

 

Sell — 1.1670; SL — 1.1690; TP1 — 1.1600; TP2 – 1.1580

Reason: expanding bearish Ichimoku Cloud, falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling Kijun-sen; the prices are in consolidation inside a channel of Tenkan-Kijun.

 

1509519588-5974574d0f06c411e972e24d898d2

 

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USD/JPY: DOLLAR READY TO CONTINUE UPTREND

07:01 01.11.2017

 

Technical levels: support – 113.70; resistance – 114.40.

 

Trade recommendations:

 

Buy — 113.70; SL — 113.50; TP1 — 114.40; TP2 — 114.80.

Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the prices are entered into the positive area and fixed up on Kijun-sen and Senkou Span A.

 

1509519588-3dcc4d3b0e9d38341d309e86e7227

 

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USD/CHF: BULLS MADE ANOTHER ATTACK

07:24 01.11.2017

 

Recommendation:

 

BUY 1.0005

 

SL 0.995

 

TP1 1.0105 TP2 1.0145

 

On the daily chart, USD/CHF after forming the “Dragon” pattern and reaching 200% target of AB=CD there was a natural pullback towards 0.9965 (61.8% of the descending wave). Never the less, bulls didn’t have enough resolve to repeat the test of an important level. In case of success, the road up to 1.0145 will be open.

 

1509520986-a5903a7f3cf43bc4f33886526fd84

 

On H1, there’s a “Spike and ledge” pattern. A break of resistance at 1.0005 (upper border of the “Ledge” or rebound from support at 0.9940 (lower border) will increase the risks of an uptrend’s resumption.

 

1509521000-351a015a31e5fdb2fee97b43bc66a

 

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GBP/USD: WILL POUND RETURN TO THE TRIANGLE?

07:43 01.11.2017

 

Recommendation:

 

SELL 1.326 SL 1.3315 TP1 1.316 TP2 1.306

 

SELL 1.319 SL 1.3245 TP1 1.309 TP2 1.299

 

On the daily chart, bulls attempted to lead GBP/USD outside of the triangle and develop correction to the short-term downtrend. If the pound manages to break above 1.3340, risks of continuation to the upside to 1.3415 and 1.3520 will increase. On the other hand, the return of the pair to the triangle will return the initiative to bears.

 

1509522121-b6b56ed02b1869ac79ae2067aff9c

 

On H1, GBP/USD may form “Wolfe waves” pattern. The decline of the pound below 1.3190 will increase the odds of triggering the “Widening wedge” pattern.

 

1509522140-2cf183d9aa99dd882e50bd88c66a5

 

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EUR/USD: LEADING DIAGONAL IN WAVE A

11:06 01.11.2017

 

1509534275-35a7f41a494c216173b7ec532f088

 

Wave (iv) has been developing since a pullback from 2/8 MM Level happens. It's likely that 3/8 MM Level is going to act as resistance once again. So, if we have another pullback from this level, there'll be an opportunity to have wave (v) of [iii].

 

1509534275-cd0360c7a0187555911e4d5cd0b6c

 

There's a leading diagonal in wave a, so bears are likely going to deliver wave b in the coming hours. If 6/8 MM Level acts as support, we could have another upward price movement, which could be wave c of (iv).

 

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USD/JPY: "HAMMER" AND "DOJI" PATTERNS

12:38 01.11.2017

 

1509539781-51e51f60043e6853f19b886319c2a

 

The last "Hammer" and "Doji" patterns led to the current upward price movement. If a pullback from the nearest resistance happens soon, we're likely going to have a bearish correction towards the lower "Window".

 

1509539781-9e5bdaf42b96a649f86ec48355934

 

There isn't any reversal pattern so far, which means bulls are going to test the closest resistance in the coming hours. If we have a pullback from this level, there'll be an option to have a local downward correction.

 

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EUR/USD: 34 MA ACTING AS RESISTANCE

12:41 01.11.2017

 

1509539781-7f8aa7068e808437b3886bd7da6b4

 

There's a bearish "High Wave" pattern, which hasn't been confirmed enough. So, the market is likely going to test the 34 Moving Average in the short term. If a pullback from this line happens, there'll be an opportunity to have another decline.

 

1509539781-84c436c5b47004608475540edd3f4

 

The 34 Moving Average is acting as resistance, so we've got a "Tweezers" and a "Harami" patterns. In this case, we could have a decline during the day. If any bullish pattern forms afterwards, bulls will probably try to deliver a new local high.

 

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EUR/JPY: BULLS MADE A STOP

06:44 02.11.2017

 

Recommendation:

 

BUY 134.15 SL 133.60 TP1 135.15 TP2 136.00

 

SELL 132.15 SL 132.70 TP 131.15

 

On the daily chart, EUR/JPY formed a “Widening wedge” pattern. The trend remains bullish, 161.8% and 224% targets of the junior and senior AB=CD patterns are still in place, so buying is still a relevant strategy. Potential of the correction is limited.

 

1509604987-8afba167b3e7c15d0d5d28d0f3c7b

 

On H1, EUR/JPY is forming the “Shark” pattern. After reaching 113% target the pair will likely pull back towards 23.6%, 38.2% and 50% of the wave CD. It may be used for opening long positions. 

 

1509605001-144c086f9efd0dd7367f2818eb875

 

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USD/JPY: BULLS WILL FIGHT TILL THE END

06:53 02.11.2017

 

Recommendation:

 

BUY 114.30

 

SL 113.75

 

TP1 115.30 TP3 116.25

 

On the daily chart, after reaching 88.6% target of an inverted “Shark” pattern and a pullback USD/JPY resumed the short-term uptrend. A break of resistance at 114.35 will open the way to 113% target and 78.6% level of the descending long-term wave.

 

1509605509-3297c54597baddc0779dab87f7356

 

On H1, USD/JPY keeps forming a “Widening wedge”. A break of resistance at 114.30 will be a signal for buying. On the other hand, return of the pair to support at 113.30 will allow to think about selling.

 

1509605523-1f50b4d918123f905c31c70a9dfda

 

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GBP/USD: POUND FIXED ABOVE CLOUD

06:56 02.11.2017

 

Technical levels: support – 1.3240; resistance – 1.3340.

 

Trade recommendations:

 

Buy — 1.3280; SL — 1.3260; TP1 — 1.3340; TP2 — 1.3380.

Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A and B; a strong golden cross of Tenkan-sen and Kijun-sen with rising lines; the prices was fixed above a Cloud and Tenkan-sen and may go higher to 1.3340.

 

1509605777-5838ef800660551113de2aff99712

 

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AUD/USD: AUSSIE ENTERED INTO CLOUDY AREA

06:58 02.11.2017

 

Technical levels: support – 0.7670; resistance – 0.7710

 

Trade recommendations:

 

Sell — 0.7710; SL — 0.7730; TP1 — 0.7670; TP2 — 0.7630.

Reason: bearish Ichimoku Cloud, but rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen, horizontal Tenkan-sen and Kijun-sen; the prices entered into the Cloud, but there is a strong resistance on 0.7710-0.7730.

 

1509605777-42a68b4bfa2f0515dfbaa054e9dba

 

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EUR/USD: "TRIPLE BOTTOM" PATTERN

08:13 02.11.2017

 

1509610305-de1a16baba4027945cea7a052751e

 

The price is consolidating between the levels 1.1668 - 1.1582. Also, there's a "Double Bottom" pattern, which has been confirmed. The main intraday target is the nearest resistance at 1.1724 - 1.1729, which could be a departure point for a bearish price movement.

 

1509610304-19c36fec315eecbd4cc8271843ec6

 

There's a "Triple Bottom" pattern, so the price reached the nearest resistance at 1.1668. In this case, there's an opportunity to have a bearish correction towards the closest support at 1.1634 - 1.1615. If a pullback from this area happens, we could have another bullish price movement.

 

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GBP/USD: CONSOLIDATION NEAR 34 MA

08:20 02.11.2017

 

1509610305-240ded1102333c0b4a440ec0db748

 

The price has been consolidating since a pullback from resistance at 1.3336 happened. The main intraday target is the next resistance at 1.3370 - 1.3408. However, if we have a pullback from this area, there'll be an opportunity to have a decline towards the 89 Moving Average.

 

1509610305-40bab07fe1804baacac08a327fa75

 

There's a consolidation, which is taking place near the 34 Moving Average. It's likely that bears are going to test the 55 Moving Average during the day. If a pullback from this line happens, we could have another upward price movement in the direction of the next resistance at 1.3336 - 1.3370.

 

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EUR/USD: BULLISH "ENGULFING"

13:21 02.11.2017

 

1509628738-514fa35e7100d74ecf63910202219

 

The 21 Moving Average has acted as resistance, but there isn't any bearish pattern so far. In this case, bulls are likely going to test the 55 Moving Average, which could be a departure point for another decline.

 

1509628739-b4cc4e4140afff9bcff3c9ff4b30d

 

There's a bullish "Engulfing", but confirmation of this pattern isn't enough. So, the pair is likely going to get resistance on the 144 Moving Average during the day.

 

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USD/JPY: 55 MA ACTED AS SUPPORT AGAIN

13:23 02.11.2017

 

1509628739-9bf54d051362f3ed378bbe3b9e61c

 

The lower "Window" has acted as support, so the pair is likely going to test the nearest resistance. If any bearish pattern forms little later on, there'll be an opportunity to have a decline towards the Moving Averages.

 

1509628739-30c3fe14b384f05127e7c491d7687

 

The 55 Moving Average has acted as support once again. Also, there isn't any reversal pattern so far. Therefore, bulls are likely going to continue pushing the price higher in the short term.

 

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EUR/USD: EURO GROWING UP TO CLOUD

06:26 03.11.2017

 

Technical levels: support – 1.1640; resistance – 1.1670.

 

Trade recommendations:

 

Sell — 1.1670; SL — 1.1690; TP1 — 1.1600; TP2 – 1.1580

Reason: bearish Ichimoku Cloud, horizontal Senkou Span A; a weak golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices are in consolidation and rising to resistance of the bottom border of the Cloud.

 

1509690381-5974574d0f06c411e972e24d898d2

 

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USD/JPY: DOLLAR FIXED POSITIONS ON CLOUD

06:27 03.11.2017

 

Technical levels: support – 113.90, 113.50; resistance – 114.40.

 

Trade recommendations:

 

Buy — 114.00; SL — 113.80; TP1 — 114.40; TP2 — 114.80.

Sell — 113.80; SL — 114.00; TP1 — 113.00; TP2 — 112.40.

Reason: bullish 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 on the support of the Cloud.

 

1509690381-3dcc4d3b0e9d38341d309e86e7227

 

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EUR/USD: EURO APPROACHED THE MILESTONE

07:21 03.11.2017

 

Recommendation:

 

BUY 1.1680

 

SL 1.1625

 

TP1 1.1775 TP2 1.18

 

On the daily chart, bulls are trying to counterattack and conquer resistance at 1.1670-1.1680. If they succeed, euro will manage to go to the area of trade channel’s intersection ($1.1775-$1.1800). On the other hand, return to support at 1.1595-1.1610 with the following successful will increase the odds of realization of 200% target of AB=CD.

 

1509693621-8afba167b3e7c15d0d5d28d0f3c7b

 

On H1, a successful test of resistance at 1.1670-1.1680 will increase the odds of formation of the “Crab” pattern with targets at 78.6% and 88.6%.

 

1509693635-144c086f9efd0dd7367f2818eb875

 

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