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GBP/USD: POSITIVE SENTIMENTS RETURNED TO MARKET

06:30 22.09.2017

 

Technical levels: support – 1.3550; resistance – 1. 3650.

 

Trade recommendations:

 

Buy — 1.3550; SL — 1.3530; TP1 — 1.3650; TP2 — 1.3700.

Reason: expanding bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a cancelled golden cross of Tenkan-sen and Kijun-sen, the lines are horizontal; the Bulls are gaining the strength and returned the prices above Kijun-sen.

 

1506061798-5838ef800660551113de2aff99712

 

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USD/JPY: DOLLAR IS CORRECTED TO KIJUN-SEN

06:31 22.09.2017

 

Technical levels: support – 112.00; resistance – 112.70.

 

Trade recommendations:

 

Buy — 112.00; SL — 109.80; TP1 — 112.70; TP2 — 113.40.

Reason: expanding  bullish Ichimoku Cloud with rising Senkou Span A; a cancelled golden cross of Tenkan-sen and Kijun-sen; the prices are returned to the support of Tenkan and Kijun and may go higher.

 

1506061799-3dcc4d3b0e9d38341d309e86e7227

 

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EUR/USD: "V-BOTTOM" PUSHED PRICE HIGHER

07:05 22.09.2017

 

1506063874-dde83825b946fc5b16045e949fbf4

 

The main trend is still bullish, so we've got a "V-Bottom" pattern, which pushed the price higher. So, the market is likely going to continue rising towards the next resistance at 1.2021 - 1.2033. If a pullback from this area happens, we could have a decline towards the nearest support at 1.1925 - 1.1909.

 

1506063875-f74cc26046165239cc47eb2c825f8

 

We've got a "Triple Bottom", which has been confirmed, but bulls faced with resistance at 1.1968. In this case, the price is likely going to test the closest support at 1.1941 - 1.1934. However, if we have a pullback from these levels, bulls will try to achieve another resistance at 1.2021 - 1.2033.

 

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GBP/USD: BULLISH "PENNANT"

07:07 22.09.2017

 

1506063874-0344af6ccf7a042578af5d3325964

 

The price is consolidating between the levels 1.3652 - 1.3444. Tha main intraday target is the nearest resistance at 1.3625 - 1.3681. If a pullback from this area arrives little later on, there'll be an opportunity to have a decline in the direction of the closest support at 1.3533.

 

1506063874-8ddf95f3c449914d418d4be4c8731

 

There's a bullish "Pennant", so the pair is likely going to reach the nearest resistance at 1.3625 -1 .3681. Meanwhile, if we see a pullback from these levels, bears will probably try to deliver a downward correction.

 

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EUR/USD: DEVELOPING TRIANGLE IN WAVE 4

07:26 22.09.2017

 

1506065170-53b14d622912957806ab3b51a52ae

 

There's a pullback from 7/8 MM Level, so we've got a developing triangle in wave 4. It's likely that the price is going to test the lower side of this pattern. If a pullback from this level happens, there'll be an opportunity to have an upward impulse in wave 5.

 

1506065171-f43666d738b7c8554d96a2d1f8210

 

The price is consolidating between the 5/8 and 2/8 MM Levels. Wave [d] of 4 is about to end, so we could have wave [e] of 4 in the short term. If another pullback from 3/8 MM Level arrives later on, bulls will try to deliver wave .

 

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EUR/USD IS MAKING A CHOICE

07:38 22.09.2017

 

Recommendation:

 

SELL 1.1825 SL 1.188 TP 1.171

 

BUY 1.2025 SL 1.197 TP 1.2155

 

On the daily chart, EUR/USD broke below the diagonal support and left the uptrend channel. This increases the possibility of a “Shark” and “Head and Shoulders”. Their realization will lead to a pullback towards 1.1710. To resume the uptrend, bulls need to conquer resistance at 1.2030.

 

1506065880-8afba167b3e7c15d0d5d28d0f3c7b

 

On H1, EUR/USD formed a “Widening wedge”. To trigger it, the pair needs a confident test of support at 1.1825-1.1840.

 

1506065901-144c086f9efd0dd7367f2818eb875

 

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EUR/GBP: BULLS BEFRIEND A DRAGON

07:50 22.09.2017

 

Рекомендация:

 

BUY 0.89

 

SL 0.8845

 

TP1 0.8985 TP2 0.904

 

On the daily chart, bulls are trying to catch hold of 0.8810 (50% of the last bullish wave). To counterattack in order to resume the uptrend, they need to conquer resistance at 0.8900. On the other hand, a break of support at 0.8775 will increase the risks of continuation of the decline.

 

1506066562-bc1ce4ebdd72b71af2881b8edc2b5

 

On H1, a break of resistance at 0.8900 will create the potential for the realization of the “Dragon” pattern. However, for a start bulls have to defend current positions and form a “Double bottom”.

 

1506066589-311438cdc50bb0f634d8ee27e47a0

 

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EUR/USD: PRICE GOING TO TEST 34 MA

09:50 22.09.2017

 

1506073763-194cf7ea790e59785e4ea65083f4f

 

The 89 Moving Average has acted as support, so we've got a "High Wave" pattern, which pushed the price to the nearest resistance. In this case, the market is likely going to test the 34 MA, which could be a departure point for another upward price movement.

 

1506073763-58e831b5837eefd8f14e4815d5c1f

 

There's a "Shooting Star" at the local high, but this pattern hasn't been confirmed enough. Therefore, we're likely going to have a bearish correction towards the Moving Averages. If a pullback from these lines happens, bulls will probably try to reach the upper "Window".

 

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USD/JPY: "WINDOW" ACTED AS RESISTANCE

09:52 22.09.2017

 

1506073764-ae722c054c3990dcdebb5bf7d7041

 

The upper "Window" has acted as resistance, so we've got a "Shooting Star" pattern, which has been confirmed. However, bulls are likely going to test the "Window" once again in the short term. If we have another pullback from this level, there'll be an opportunity to have a decline towards the Moving Averages.

 

1506073763-c425da23bf241a718492cc6ce4630

 

The 55 Moving Average has acted as support, so we've got a bullish "Harami". Under this circumstance, the market is likely going to rise towards the last high during the day.

 

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EUR/USD: BULLS GOING TO DELIVER WAVE 5

05:19 25.09.2017

 

1506316680-dfc87a3caea6d4c19c941b01313a3

 

There's a possible triangle pattern in wave 4. So, if the price fixates above 6/8 MM Level, bulls are likely going to deliver wave 5. In this case, we should keep an eye on 8/8 MM Level as an intraday target.

 

1506316680-c9f6b7f6d70cd0255b61b10cefa4d

 

2/8 MM Level acted as support, so the triangle may have been ended. Therefore, we're likely going to have an upward impulse in wave in the coming hours. If another pullback from 5/8 MM Level arrives later on, there'll be an opportunity to have a local bearish correction.

 

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GBP/USD: READY TO GO

06:36 25.09.2017

 

Technical levels: support – 1.3520; resistance – 1. 3600.

 

Trade recommendations:

 

Buy — 1.3540/50; SL — 1.3520; TP1 — 1.3650; TP2 — 1.3700.

Reason: bullish Ichimoku Cloud with rising Senkou Span B; a correctional dead cross of Tenkan-sen and Kijun-sen, the lines are horizontal; the market supported by the Cloud and ready to make the new highs.

 

1506321382-5838ef800660551113de2aff99712

 

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AUD/USD: GAME WILL CONTINUE UNDER CLOUD

06:37 25.09.2017

 

Technical levels: support – 0.7930; resistance – 0.8000, 0.8040.

 

Trade recommendations:

 

Sell — 0.7960; SL — 0.7980; TP1 — 0.7900; TP3 — 0.7870.

Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A; a new dead cross of Tenkan-sen and Kijun-sen; the prices are in the negative area and the bears will continue selling the Aussie.

 

1506321382-42a68b4bfa2f0515dfbaa054e9dba

 

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NZD/USD: BEARS RETURN TO THE GAME

10:23 25.09.2017

 

Recommendation:

 

SELL 0.728 SL 0.7335

 

TP 0.719 TP2 0.7105

 

TP3 0.705

 

On the daily chart, the inability of bulls to push the pair above the resistance level at 0.7280 was a signal of their weakness. In case of a break of the lower border of the short-term trend channel, bears will have a chance to form an AB=CD pattern.

 

1506334939-fb9be1d9d65d6402746f6573306cf

 

On H1, NZD/USD there are pattern “Head and Shoulders” and “Shark”.   Further dynamics of the pair will depend on bulls’ ability to keep the pair above support at 0.7185-0.7205. If they fail, triggering of the “Widening wedge” pattern will allow bears to continue correction.

 

1506334955-3696dc2326705fd45dfa7b732beb8

 

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AUD/USD: FIGHTING CONTINUES

10:48 25.09.2017

 

Recommendation:

 

SELL 0.795 SL 0.8005 TP1 0.7875 TP2 0.782

 

BUY 0.8055 SL 0.8 TP1 0.8155 TP2 0.824

 

On the daily chart, AUD/USD triggered Gartley pattern with a target at 78.6%. The necessary condition for its formation is the decline of the pair below support at 0.7937. On the other hand, if bulls manage to return the pair inside the bullish trend channel, a rally towards 161.8% of the AB=CD pattern will continue.

 

1506336459-1db64c049cc9775b27418fd0e6b08

 

On H1, AUD/USD is forming a “Widening wedge” pattern. The decline of the pair below 0.7950 will be a signal for correction. Buying is possible from 78.6% and 88.6% of the wave 4-5.

 

1506336489-ef00342837a633bda01cab6a3fe3e

 

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EUR/USD: NEW "BREAKAWAY GAP"

13:19 25.09.2017

 

1506345481-7d98c66344b63312742bc1f8b5dc4

 

There's a "V-Top" pattern, so a new "Breakaway Gap" was formed this morning. The 89 Moving Average is acting as support, but bears are likely going to test the next support at 1.1837 - 1.1822. If a pullback from this area happens, we could have an upward price movement towards the closest resistance at 1.1909 - 1.1925.

 

1506345481-9fb6f9e22f7d4207a950f5c24edef

 

The downward trend has been broken, so the price is still declining. The main bearish target is the nearest support at 1.1837 - 1.1822. If we have a pullback from this area, there'll be an opportunity to have an upward correction in the direction of the closest resistance at 1.1897 - 1.1909.

 

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GBP/USD: DEVELOPING "RECTANGLE" PATTERN

13:23 25.09.2017

 

1506345481-ff442a020314d890fd3423d26d82d

 

The price is still consolidating between the levels 1.3652 - 1.3444. It seems like bears are going to test the next support at 1.3479 - 1.3444. However, if a pullback from this area happens later on, bulls will probably try to reach the nearest resistance at 1.3618 - 1.3625.

 

1506345480-f869a95b8c22702923f9ea93f1afb

 

There's a possible developing "Rectangle" pattern, so the price is likely going to achieve the nearest support at 1.3444. Meanwhile, if we have a pullback from this level, we could have a bullish correction towards the closest resistance at 1.3618 - 1.3625.

 

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EUR/USD: "WINDOW" REMAINS OPEN

13:51 25.09.2017

 

1506347426-916b3799b440804232a599ae404e7

 

We've got a bearish "Harami", but the last "Window" remains open. So, the market is likely going to continue declining towards the nearest support. If any bullish pattern arrives later on, we could have an upward correction.

 

1506347426-37d6b506fccf3233ea15fc33130a7

 

The price reached the "Window", but there isn't any reversal pattern so far. Therefore, we could have just a local upward correction and a decline afterwards

 

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USD/JPY: "SHOOTING STAR" PATTERN

13:54 25.09.2017

 

1506347426-bc7640d8fb960e2598eb8d367aca1

 

The upper "Window" has acted as resistance once again, so we've got a "Shooting Star". In this case, the market is likely going to test the nearest "Window", which could act as support.

 

1506347426-b9fc4f1b03a3fc96124572d05cc2b

 

We've got a "Hammer", which has been formed on the 34 Moving Average. So, bulls are likely going to test the closest "Window", which could be a departure point for a decline.

 

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EUR/USD: BEARS IN GAME

07:30 26.09.2017

 

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

 

Trade recommendations:

 

Buy — 1.1800; SL — 1.1780; TP1 — 1.1850; TP2 – 1.1875.

Reason: bearish Ichimoku Cloud with falling Senkou Span A; a new dead cross of Tenkan-sen and Kijun-sen with falling lines; the prices are entered into the negative area, but there is a strong support on 1.1800 and the market is oversold.

 

1506410990-5974574d0f06c411e972e24d898d2

 

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USD/JPY: DOLLAR IS IN CORRECTION TO CLOUD

07:30 26.09.2017

 

Technical levels: support – 111.40, 111.10; resistance – 111.90, 112.20.

 

Trade recommendations:

 

Buy — 111.40; SL — 111.20; TP1 — 111.90; TP2 — 112.20.

Reason: bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with narrow channel Tenkan-Kijun; the prices are breaking down the Kijun’s support and  in correction local trend to the Cloud.

 

1506410990-3dcc4d3b0e9d38341d309e86e7227

 

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EUR/USD: BEARS FACED WITH SUPPORT

07:59 26.09.2017

 

1506412634-518a639f396217f1f0f43f2bafe15

 

The 89 Moving Average has been broken, so there's a new local low. In this case, the market is likely going to continue declining towards the nearest support at 1.1837 - 1.1822. If a pullback from this area happens, we could have an upward correction in the direction of the closest resistance at 1.1925 - 1.1952.

 

1506412633-d15d5370df0bb00edf4b7d098f705

 

Bears faced with support at 1.1837, so the price is consolidating. Therefore, we should keep an eye on the nearest resistance at 1.1864 - 1.1874 as an intraday target. Meanwhile, if we have a pullback from these levels, bears will probably try to catch another support at 1.1837 - 1.1822.

 

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GBP/USD: BULLISH "WEDGE" PATTERN

08:01 26.09.2017

 

1506412633-ec3348dffc6c4ca6a332e46a1c72b

 

The price is consolidating between the levels. Also, there's a bullish "Wedge" pattern, so the pair is likely going to test the nearest support at 1.3444 - 1.3404. If a pullback from this target happens, there'll be an opportunity to have an upward price movement in the direction of the next resistance at 1.3625 - 1.3681.

 

1506412633-09f970e131fab6f1a9206362ceb14

 

The 89 Moving Average has acted as support, so we could have a local upward correction. However, if the 34 MA acts as resistance, bears are likely going to reach another support at 1.3404 afterwards.

 

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EUR/USD: BEARISH "HARAMI" LED TO DECLINE

12:19 26.09.2017

 

1506428232-b80d818189619375eb55ad1ba5289

 

The last bearish "Harami" led to a decline. Also, there's a "Three Methods" pattern, so the market is likely going to continue falling down towards the nearest support area in the short term.

 

1506428232-ac7aeb3eb3a9265a21631ce61732a

 

There isn't any reversal pattern so far, but we could have a local upward correction. Anyway, bears are likely going to push the price even lower afterwards.

 

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USD/JPY: 89 MA ACTED AS SUPPORT

12:23 26.09.2017

 

1506428232-3c0237f6901c8279f4cec2bdcb014

 

There are a "Shooting Star" and a "Harami" patterns, which both have been confirmed. So, we should keep an eye on the 55 Moving Average as an intraday target.

 

1506428232-44a52ca186c20f3b9a2689d5dd97c

 

The 89 Moving Average has acted as support, so we've got a bullish "High Wave" pattern on this line. In this case, the pair is likely going to test the 34 MA, which could be a departure point for another decline.

 

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USD/CHF: FRANC HAS DRAWN A TRIANGLE

07:09 27.09.2017

 

Recommendation:

 

BUY 0.9745 SL 0.969

 

TP 0.9845, SELL 0.965

 

SL 0.9705 TP 0.9585

 

On the daily chart, USD/CHF keeps forming the “Dragon” pattern. Renewal of September high will allow to expect process growth towards the curl of the Dragon’s tail and the upper border of the descending trend channel.

 

1506496089-a5903a7f3cf43bc4f33886526fd84

 

On H1, USD/CHF formed a triangle. A successful test of its upper border and resistance at 0.9745 will increase the odds of the rally’s continuation. On the other hand, a break below the triangle’s lower border, the uptrend channel, and support at 0.9650 will trigger a correction.

 

1506496110-351a015a31e5fdb2fee97b43bc66a

 

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