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GBP/USD: BULLS SUPPORTED BY CLOUD

07:40 25.07.2017

 

Technical levels: support – 1.3000; resistance – 1.3060.

 

Trade recommendations:

 

Buy — 1.3020/30; SL — 1.3000; TP1 — 1.3100; TP2 — 1.3130.

Reason: bullish Ichimoku Cloud with rising Senkou Span A and B; a new dead cross of Tenkan-sen and Kijun-sen, rising Tenkan-sen; the prices are on the support of the Cloud and Tenkan-sen.

 

1500957586-5838ef800660551113de2aff99712

 

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USD/JPY: DOLLAR RETURNED TO JUNE’S LEVELS

07:41 25.07.2017

 

Technical levels: support – 110.30; resistance – 111.00, 111.50.

 

Trade recommendations:

 

Sell — 111.00; SL — 110.20; TP1 — 110.30; TP2 — 110.10.

Buy — 110.30; SL — 110.10; TP1 — 111.00; TP2 — 111.40.

Reason: bearish Ichimoku Cloud, but horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen, falling Tenkan-sen; the prices are bounced from Tenkan-sen and going lower in the negative area.

 

1500957586-3dcc4d3b0e9d38341d309e86e7227

 

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GBP/USD GOT STUCK AT THE BORDER

09:57 25.07.2017

 

Recommendations:

 

BUY 1.3120 SL 1.3065 TP1 1.3250 TP2 1.3500

 

SELL 1.2930 SL 1.2985 TP 1.2810 

 

On the daily chart, there are medium- and long-term trading channels. If GBP/USD rises to June high, it will be able to continue rising towards 200% target of AB=CD pattern. On the other hand, a break below diagonal support and 1.2930 will increase the risks of correction towards the lower border of the medium-term channel.

 

1500965807-b6b56ed02b1869ac79ae2067aff9c

 

On H1, bulls are in control. Never the less, decline below the psychological level of 1.3000 may change everything.

 

1500965823-2cf183d9aa99dd882e50bd88c66a5

 

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EUR/USD: 34 MA ACTED AS SUPPORT

10:10 25.07.2017

 

1500966569-f0cc917fc2b4958cc9d2d87ba582d

 

The price is consolidating between the levels 1.1679 - 1.1615. Nevertheless, bulls are likely going to reach the next resistance at 1.1712 in the coming hours. If a pullback from this level happens, there'll be an opportunity to have a decline towards the nearest support at 1.1615.

 

1500966569-f99cecf4f92583c75e796fdf224a1

 

The 34 Moving Average has acted as support. Also, the price is testing resistance at 1.1657, which could be a departure point for another decline in the direction of the closest support at 1.1625. Meanwhile, if we see a pullback from this level, bulls will probably try to reach resistance at 1.1679 - 1.1712 afterwards.

 

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USD/CHF: FRANC APPROACHED THE TARGET

10:11 25.07.2017

 

Recommendation: SELL 0.9525 SL 0.9580 TP1 0.9400 TP2 0.9370

 

On the daily chart, USD/CHF is trading within a downtrend towards 224% and 127.2% targets of AB=CD and “Crab” patterns. To activate the reversal “Wolfe waves” pattern bears have to move the pair above 0.9600.

 

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On H1, USD/CHF reached targets of “three Indians” and “Spike and ledge” patterns. As a result, the pair reached 161.8% targets of AB=CD. This increases the risks of correction towards 0.9525. The short-term outlook for the franc will depend on this level.

 

1500966562-351a015a31e5fdb2fee97b43bc66a

 

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GBP/USD: BULLISH "PENNANT" PATTERN

10:13 25.07.2017

 

1500966569-157c8778fc8bb6062318b06d2de1a

 

Bulls faced resistance at 1.3057, so the price is consolidating. Meanwhile, the pair is likely going to achieve the next resistance at 1.3077 in the short term. If a pullback from this level happens, we should keep an eye on the nearest support at 1.3029 - 1.3006 as a bearish target.

 

1500966569-cc21088c39881af15cd0f99807ec1

 

There's a bullish "Pennant" pattern, so the price is likely going to reach the closest resistance at 1.3057 - 1.3077 in the coming hours. Considering a possible pullback from this area, there's an option to have a decline towards the Moving Averages afterwards.

 

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EUR/USD: POSSIBLE TRIANGLE IN WAVE (IV)

11:50 25.07.2017

 

1500972567-5b6bb0e1aeaae5a6e90140e6155b6

 

The price is consolidating near 7/8 MM Level. Wave (iv) is likely going to end soon, so we could have another bullish impulse in wave (v) of [v] in the short term. The main intraday target is 8/8 MM Level.

 

1500972567-492c18b2734a82e8256c1b4bfff4f

 

There's a possible triangle in wave (iv). The price is likely going to test the lower side of this pattern during the day. If we have a pullback from this level, there'll be an opportunity to have a new local high.

 

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EUR/USD: BULLS TRY TO DELIVER NEW LOCAL HIGH

16:48 25.07.2017

 

1500990442-c748b736945e6a3b6cba01c5b83d3

 

There isn't any reversal pattern so far. However, if we have a pullback from the nearest resistance level, bears are likely going to test the middle of the last group of white candles. Anyway, bulls will probably try to deliver a new local high afterwards.

 

1500990441-1493e5201dfbfd6782a8ed87f5485

 

All the last candles are bullish. Meanwhile, if we see any bearish pattern in the coming hours, there'll be an opportunity to have a downward correction towards the Moving Averages.

 

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USD/JPY: "HARAMI" AND "THREE METHODS"

16:53 25.07.2017

 

1500990441-60961ef6cc8fada2f1e4c59664a07

 

There are bullish patterns such a "Harami" and a "Three Methods", which both have been confirmed. So, the market is likely going to reach the 55 Moving Average in the short term

 

1500990442-483fb9512826f912ba31eda68969d

 

The price reached the 55 Moving Average, but we don't have any reversal pattern so far. In this case, the price is likely going to continue moving up during the day. However, we could have a local bearish correction in the next few hours.

 

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GBP/USD: MARKET KEEP STAYING ON CLOUD

09:33 26.07.2017

 

Technical levels: support – 1.3000/10; resistance – 1.3090.

 

Trade recommendations:

 

Buy — 1.3000; SL — 1.2980; TP1 — 1.3040; TP2 — 1.3090.

Reason: bullish Ichimoku Cloud with rising Senkou Span A and B; a new golden cross of Tenkan-sen and Kijun-sen, rising Tenkan-sen; the prices are on the support of Kijun-sen

 

1501050789-5838ef800660551113de2aff99712

 

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AUD/USD: AUSSIE RETURNED TO CLOUD

09:34 26.07.2017

 

Technical levels: support – 0.7840, 0.7810; resistance – 0.7930.

 

Trade recommendations:

 

Buy — 0.7840; SL — 0.7820; TP1 — 0.7910; TP2 — 0.79300.

Reason: bullish Ichimoku Cloud, but falling Senkou Span A; an irregular golden cross of Tenkan-sen and Kijun-sen with falling lines; the prices are returned to the Cloud.

 

1501050789-42a68b4bfa2f0515dfbaa054e9dba

 

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USD/JPY: BULLS ARE GETTING MORE ACTIVE

10:41 26.07.2017

 

Recommendation:

 

BUY 112.10

 

SL 111.55

 

TP1 113.05, TP2 114.05 

 

On the daily chart, USD/JPY recoiled from support at 110.55. This allowed bulls to counter attack. The pair left the long-term descending channel and is testing resistance at 112.05-112.10. If the test is successful, USD/JPY will continue rising. Otherwise, the pair will reverse downwards.

 

1501054716-3297c54597baddc0779dab87f7356

 

On H1, USD/JPY reached targets of an inverted “Head and Shoulders” pattern. As a result, the pair approached resistance at 112.10 (38.2% of the last bearish wave). The break will increase the odds of the inverted “Shark” pattern with a target at 113%.

 

1501054730-1f50b4d918123f905c31c70a9dfda

 

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NZD/USD: RISKS OF DECLINE

11:00 26.07.2017

 

Recommendation:

 

SELL 0.7405

 

SL 0.7460

 

TP1 0.7305, TP2 0.7225 

 

On the daily chart, NZD/USD reached 113% target of the inverted “Shark” pattern. As a result, the risks of correction towards 23,6%, 38,2% and 50% of the wave CD increased. The “Shark” pattern may transform into 5-0 pattern. For a start, bears should bring the pair below support at 0.7410.

 

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On H1, the break below the lower border of the downtrend and consolidation within the “Spike and ledge” pattern on the basis of 1-2-3 will increase the risks of a pullback with the following triggering of the “Shark” pattern (88.6% and 113%).

 

1501055925-3696dc2326705fd45dfa7b732beb8

 

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EUR/USD: "V-TOP" PATTERN

11:52 26.07.2017

 

1501059057-fdce66a40d2f95db1049b63be9a33

 

Bulls faced resistance at 1.1712, so we've got a "V-Top" pattern, which has been confirmed. Therefore, the market is likely going to test the nearest support at 1.1615 - 1.1582. If a pullback from this area happens, the price will probably test the last high.

 

1501059093-83893d23d4063e375bba520e5c8de

 

We've got a "V-Top" pattern, so the price is testing the 34 Moving Average. In this case, bears are likely going to reach the closest support at 1.1615 - 1.1582 during the day. Meanwhile, there's an opportunity to have another bullish price movement afterwards.

 

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GBP/USD: MARKET GOING TEST NEXT SUPPORT

11:55 26.07.2017

 

1501059094-f35441504a136c973082c25b81ee0

 

The price is consolidating. Also, we've got a "V-Top" pattern, so the market is likely going to test the 34 Moving Average in the short term. If a pullback from this line arrives afterwards, bulls will have a green light to achieve the next resistance at 1.3057 - 1.3083.

 

1501059094-af7a5daac0ff0262b8b22a6aa4104

 

We've got a bearish "V-Top" pattern, which pushed the price towards the 55 Moving Average. So, the market is likely going to test the next support at 1.2982. If we have a pullback from this level, there'll be an opportunity to have another upward price movement in the direction of resistance at 1.3047 - 1.3057.

 

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EUR/USD: 55 MA ACTED AS SUPPORT

12:54 26.07.2017

 

1501062783-596bc22a3da6145cb705ce7749123

 

We've got a bearish "Engulfing", which has been confirmed enough. So, the market is likely going to test the 34 Moving Average. If a pullback from this line happens, there'll be an opportunity to have another upward price movement.

 

1501062783-0776745cb8780ab48c78fa776dac1

 

There are bearish patterns such a "High Wave" and an "Engulfing". The 55 Moving Average has acted as support, so we could have a local upward correction. However, bears are likely going to deliver a new local low afterwards.

 

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USD/JPY: BEARISH "HARAMI"

12:56 26.07.2017

 

1501062784-9df2e827abd3fa402a43cadfced38

 

The last bullish "Three Methods" pushed the price to the 144 Moving Average. At the same time, there's a bearish "High Wave", but this pattern hasn't been confirmed yet. So, the pair is likely going to test the nearest support, which could be a departure point for another bullish price movement.

 

1501062784-55680eb39b744c7f0dcf70dd6f3be

 

We've got a bearish "Harami", but this pattern hasn't been confirmed yet. If the price fixates under the 55 Moving Average, the market is likely going to continue declining in the short term.

 

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EUR/USD: PRICE FIXATED UNDER 7/8 MM LEVEL

13:47 26.07.2017

 

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The price fixated under 7/8 MM Level, so wave [v] of 3 may have been formed. Therefore, we could have a downward impulse in wave [a]. The main intraday target is 5/8 MM Level.

 

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The last triangle in wave (iv) led to form wave (v) of [v]. Also, we've got bearish wave (i). It seems like wave (ii) is about to end, so we could have another downward impulse in wave (iii) soon.

 

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EUR/USD: CONFIRMED "V-TOP" PATTERN

11:13 27.07.2017

 

1501143156-d8274ed53de0de819089296338105

 

Bulls faced resistance at 1.1757, so we've got a "V-Top" pattern, which pushed the price lower. So, the market is likely going to decline towards the nearest support at 1.1712. If a pullback from this level happens, there'll be an opportunity to have another upward price movement in the direction of the next resistance at 1.1757 - 1.1801.

 

1501143156-61a54576b0baa925c83a1edc85e31

 

We've got a "V-Top", which has been confirmed, so the price is consolidating. In this case, bears are likely going to reach the closest support at 1.1712 - 1.1679. However, if we have a pullback from this area, bulls will probably try to test another resistance at 1.1776 - 1.1801.

 

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GBP/USD: MARKET WILL RISE EVEN HIGHER

11:17 27.07.2017

 

1501143156-f08b3a504622aab476dc34ae6ab85

 

The price has achieved resistance at 1.3137. If a pullback from this level happens, bears are likely going to test the nearest support at 1.3116 - 1.3082. However, the market will probably rise even higher, so we should keep in mind the next resistance at 1.3184 - 1.3234 as an intraday target.

 

1501143156-9396410b6a9cf4ee48ba923d7aed1

 

There's a "V-Top" pattern, which led to the current consolidation. Therefore, the pair is likely going to decline towards the closest support at 1.3105 - 1.3082. If we see a pullback from these levels, there'll be an option to have a local upward price movement in the direction of the next resistance at 1.3156 - 1.3184.

 

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GOLD IS RETURNING HOME

12:09 27.07.2017

 

On the daily chart, after the false break of the neckline of the “Head and shoulders” pattern and successful test of $1255 bulls are trying to return the price inside the previous uptrend channel. If they succeed, the possibility of the uptrend’s resumption will significantly increase. On the other hand, recoil from the diagonal resistance to the downside will return power to bears.

 

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On H1, gold is trading within a rising channel. The nearest resistance is at $1276-1279 per ounce (200% target of AB=CD + 78.6% of the last descending wave).

 

1501146551-ccae822ec07d68fa61b1c2713a582

 

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AUD/USD IS AIMING HIGH

12:19 27.07.2017

 

Recommendation:

 

BUY 0.8015, SL 0.7960, TP1 0.8100 TP2 0.8200

 

BUY 0.7965 SL 0.7910 TP1 0.8100 TP2 0.8200

 

On the daily chart, AUD/USD returned to the uptrend after the consolidation. The pair keeps aiming to 0.8200. As long as it’s trading above 0.7965, bulls are in no danger. The main strategy is to buy Aussie on the pullbacks to the downside.

 

1501147126-bbdfbddd46f7c37498b1971206983

 

On H1, AUD/USD has made the “Spike and Ledge” pattern on the basis of 1-2-3. The pair aims for the 200%target of AB=CD. The nearest support levels are at 0.8015 and 0.7965.

 

1501147142-ef00342837a633bda01cab6a3fe3e

 

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EUR/USD: "SHOOTING STAR" AND "ENGULFING"

15:43 27.07.2017

 

1501159337-e149089e9389e482a0201f7831d1f

 

We've got bearish patterns such a "Shooting Star" and an "Engulfing", which both have been confirmed enough. So, the market is likely going to test the nearest support by the middle of the last white candle.

 

1501159336-3b9bfc84591a58a08574fa453063d

 

There are a "Shooting Star" and a "Harami". Considering confirmation of these patterns, bears are likely going to reach the Moving Averages. If a pullback from these lines happens, we could have another upward price movement.

 

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USD/JPY: BEARISH "ENGULFING"

15:45 27.07.2017

 

1501159337-fda114ff0a41437e29eb8b5349066

 

The 55 Moving Average has acted as resistance, so there's a bearish "Engulfing". However, we also have a bullish "Doji", so there's time for a local upward correction. Anyway, bears are likely going to test the last low in the short term.

 

1501159336-5fe2d1c97b4c7e590b5150d6f0092

 

The price has reached the 34 MA, but we don't have any reversal pattern so far. Therefore, bulls are likely going to test the middle of the black candle's group during the day. If any bearish pattern arrives afterwards, there'll be an opportunity to have another decline.

 

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EUR/USD: +1/8 MM LEVEL ACTED AS RESISTANCE

19:13 27.07.2017

 

1501171960-e33da64157df6b1d7f8a5b6502ecf

 

We've got a pullback from +2/8 MM Level, so wave [v] of 3 may have been ended. So, there's a developing impulse in wave . However, if a pullback from 5/8 MM Level happens, there'll be an opportunity to have a local upward correction.

 

1501171960-47819d72f259e74ba3c8e8f3966ac

 

+1/8 MM Level acted as resistance, so the price is declining in wave [a]. The main intraday target is 4/8 MM Level. Therefore, the low of wave (iv) of [v] is likely going to be broken soon.

 

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