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GBP/USD Daily Analitycs

08:17 08.11.2017

 

1510128734-4f396cdf10a4ad5036df9066b3f40

 

The 34 Moving Average has acted as resistance twice, so the market is likely going to achieve the closest support at 1.3120 - 1.3081. If we see a pullback from these levels, bulls will probably try to reach another resistance at 1.3250 - 1.3239.

 

1510128734-e45c513bc296e6e0cfc38d2c3f91b

 

There are two "Double Top" patterns in a row, but the Moving Averages are acting as support, so we could have a new local high. If a pullback from the nearest resistance at 1.3177 - 1.3182 happens, bears are likely going to reach the next support area.

 

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EUR/USD Daily Analitycs

11:35 08.11.2017

 

1510140565-837ce0b0dd1aa5a5e7ae9e6921c50

 

There're bullish patterns such a "Morning Star" and a "High Wave", which both have been confirmed. So, the 55 Moving Average is likely going to act as resistance. If so, we could have another decline afterwards.

 

1510140565-dca6a2b906ddd010b272ef3937868

 

We've got a "Shooting Star", which has been formed on the 55 Moving Average. However, confirmation of this pattern is a quite weak, so we could have a local bearish correction and the following decline littel later on.

 

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USD/JPY Daily Analitycs

11:38 08.11.2017

 

1510140565-59470c3a4d0a22ffec4edbf4498c4

 

The last bearish "Harami" led to the current decline, but the Moving Averages are acting as support. Also, there isn't any reversal pattern so far, which means the price is likely going to continue declining until any bullish pattern forms.

 

1510140565-9e82d6d12096ff71df317a8ee11a0

 

The 89 Moving Average has acted as resistance, so we've got a bearish "High Wave" pattern. In this case, the last low is likely going to be broken soon. If any reversal pattern arrives afterwards, we could have a bullish correction towards the nearest resistance.

 

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EUR/USD Daily Analitycs

05:58 09.11.2017

 

Technical levels: support – 1.1550, 1.1580; resistance – 1.1620, 1.1640.

 

Trade recommendations:

 

Sell — 1.1620; SL — 1.1640; TP1 — 1.1580; TP2 – 1.1550

Reason: expanding bearish Ichimoku Cloud, falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen; the prices are fixed inside a channel of Tenkan-Kijun and may go to the bottom border of a Cloud.

 

1510207086-5974574d0f06c411e972e24d898d2

 

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GBP/USD Daily Analitycs

05:59 09.11.2017

Technical levels: support – 1.3080; resistance – 1.3130, 1.3180.

 

Trade recommendations:

 

Sell — 1.3130; SL — 1.3150; TP1 — 1.3080; TP2 — 1.3010.

Reason: expanding bearish Ichimoku Cloud, falling Senkou Span A; an irregular golden cross of Tenkan-sen and Kijun-sen; the market returned to Tenkan-sen in a local correction movement.

 

1510207086-5838ef800660551113de2aff99712

 

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EUR/JPY Daily Analitycs

06:45 09.11.2017

 

Recommendation:

 

BUY 132.40

 

SL 131.85

 

TP1 133.3 TP2 134.15

 

On the daily chart, EUR/JPY formed “Wolfe waves” and a pin bar. Their formation will increase the odds of the uptrend resumption. If bulls manage to return inside the uptrend channel, risks of advance to 224% and 161.8% targets of senior and junior AB=CD patterns will significantly increase.

 

1510209858-8afba167b3e7c15d0d5d28d0f3c7b

 

On H1, a break of the diagonal resistance at 2-4 within the “Wolfe waves” pattern will become a signal for opening long positions towards 113% target of the “Shark” pattern.

 

1510209879-144c086f9efd0dd7367f2818eb875

 

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USD/JPY Daily Analitycs

06:58 09.11.2017

 

Recommendation:

 

BUY 114.3

 

SL 113.75

 

TP1 115.3 TP2 116.25 

 

On the daily chart, USD/JPY will continue forming the “Shark” pattern with the target at 113%. Rebound of the quotes from the lower border of the upside trend channel with the following formation of the pin bar means that bulls are seizing back the initiative.

 

1510210642-3297c54597baddc0779dab87f7356

 

On H1, a break above of the neckline of “Head and shoulders” pattern points at unsuccessful retest. This strengthens the risks of the pair’s advance. Its return to resistance at 114.30 with the following increase above this level will allow bulls to continue the rally.

 

1510210656-1f50b4d918123f905c31c70a9dfda

 

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EUR/USD Daily Analitycs

08:59 09.11.2017

 

1510217892-62a1a429cfa610f25a481c6f2dad8

 

There's a new local low, but bears faced with support at 1.1560, so we've got a "V-Bottom", which pushed the price higher. In this case, the pair is likely going to reach the nearest resistance at 1.1615 - 1.1634 in the short term. If a pullback from this area happens, there'll be an opportunity to have another decline.

 

1510217892-13f2d7cac3c9ef017342bcbe76b44

 

We've got a bullish "Pennant" on the one-hour chart, so the market is likely going to test the closest resistance at 1.1634 during the day. If a pullback from this level happens little later on, bears will probably try to deliver a downward price movement in the direction of the next support at 1.1560 - 1.1553.

 

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GBP/USD Daily Analitycs

09:04 09.11.2017

 

1510217892-b23792d52c4950d54bef3367f1b17

 

There's a "V-Bottom" pattern, which has been confirmed, so the pair is likely going to test the 55 Moving Average soon. If we have a pullback from this line, bears will probably try to start another decline towards the last low.

 

1510217892-df01c802e1b1d99273a97138663d6

 

Bulls have broken the last "Pennant" pattern, so the price is rising. However, if a pullback from the nearest resistance at 1.3177 - 1.3182 happens afterwards, we could have a decline in the direction of the next support area.

 

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EUR/USD Daily Analytics

14:03 09.11.2017

 

1510236152-49bc75afccf00ddd26b0fbb9303f8

 

The price reached the 34 Moving Average, but there isn't any reversal pattern so far. In this case, bulls are likely going to test the 89 MA in the short term. If a pullback from this line happens, we could have just another decline.

 

1510236153-991b9893f553ad0e8b0694a5b52a3

 

The last "Three Methods" pattern has acted as support. At the same time, we don't have any bearish candle pattern for now. In this case, the upward correction is likely going to move on until any reversal pattern forms.

 

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USD/JPY Daily Analytics

14:05 09.11.2017

 

1510236153-90b7a989e98a7a2469ccc95089a86

 

There isn't any reversal pattern, so the price is still declining. Therefore, the market is likely going to continue moving down until any bullish candle pattern arrives.

 

1510236153-facfd88c0e4e8b6d62b0d5645ddde

 

The last "Tweezers" pattern pushed the price lower. All the last candles are black, so we could see the pair even lower in the coming hours. The main intraday target is the lower "Window", which could be a departure point for an upward correction.

 

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AUD/USD Daily Anlytics

06:04 10.11.2017

Technical levels: support – 0.7640; resistance – 0.7690

 

Trade recommendations:

 

Buy — 0.7700; SL — 0.7680; TP1 — 0.7760.

Sell — 0.7670; SL — 0.7690; TP1 — 0.7590; TP2 — 0.7540.

Reason: bearish Ichimoku Cloud with rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen; the prices returned to bottom border of the Cloud and may enter into cloudy area.

 

1510293881-42a68b4bfa2f0515dfbaa054e9dba

 

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USD/JPY Daily Analytics

06:06 10.11.2017

 

Technical levels: support – 113.20; resistance – 113.80.

 

Trade recommendations:

 

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

Sell — 113.30; SL — 113.50; TP1 — 112.40; TP2 — 112.20.

Reason: narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen; the prices are tested the support of Senkou Span B and staying inside a Cloud.

 

1510293881-3dcc4d3b0e9d38341d309e86e7227

 

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EUR/USD Daily Analytics

07:22 10.11.2017

 

Recommendation: out of market

 

On the daily chart, the pair’s fate will depend on bulls’ ability to move the price towards resistance at 1.1695. In case of failure, the risk of reaching 200% target of AB=CD with the following formation of “Wolfe waves” pattern will increase. A break of resistance will create a ground for euro’s advance to $1.1750 and $1.1880. At these levels positions of sellers are strong.

 

1510298187-8afba167b3e7c15d0d5d28d0f3c7b

 

On H1, the end of forming a “Widening wedge” doesn't guarantee a fast move through the diagonal resistance close to 1.1750. If bulls manage to conquer it, risks of realization of 113% target of the “Shark” pattern will increase.

 

1510298214-144c086f9efd0dd7367f2818eb875

 

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EUR/GBP Daily Analytics

07:44 10.11.2017

 

Recommendation:

 

BUY 0.8940

 

SL 0.8885

 

TP1 0.9040 TP2 0.9100

 

On the daily chart, EUR/GBP is trying to break out of the medium-term descending channel. This is a bullish signal. Formation of the “Double bottom” pattern points at the uptrend’s resumption.

 

1510299748-bc1ce4ebdd72b71af2881b8edc2b5

 

On H1, a break of resistance at 0.8940 and triggering of an inverted “Ideal butterfly” will increase the odds of reaching a 127.2% target. At the same time, in case of the break of 88.6% of the wave 4-5 a “Widening wedge” will be formed.

 

1510299766-311438cdc50bb0f634d8ee27e47a0

 

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GBP/USD Daily Analytics

08:57 10.11.2017

 

1510303971-e4acb37a5087397dbf84bad47a8a1

 

The price is consolidating under the 34 Moving Average. There isn't any reversal pattern, so we should keep an eye on the 89 MA as the next bullish target. If a pullback from this line arrives little later on, bears will probably try to deliver just another decline.

 

1510303971-8d1b97c524439366ded7694006b45

 

The 34 Moving Average is acting as support. Also, there's a bullish "Pennant" pattern, so the pair is likely going to reach the nearest resistance area at 1.3182 - 1.3205 during the day. If we see a pullback from these levels afterwards, there'll be a moment to have a downward price movement.

 

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EUR/USD Daily Analytics

08:54 10.11.2017

 

1510303972-0ee1255379ab9414178900f25bdd1

 

The 34 Moving Average has acted as resistance, so the price is consolidating. Meanwhile, the market is likely going to reach the next resistance at 1.1668 - 1.1695. If a pullback from these levels happens, we could have another decline towards the closest support at 1.1615 - 1.1582.

 

1510303972-e2c72082978517bafb24b4c2a0e60

 

There's a "Pennant" pattern, so bulls are likely going to test the nearest resistance at 1.1668 - 1.1689 during the day. However, if a pullback from these levels happens, there'll be an opportunity to have a bearish price movement in the direction of another support at 1.1615 - 1.1601.

 

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EUR/USD Daily Analytics

12:33 10.11.2017

 

1510317121-b2222b355408f2f6b1f28099643a3

 

There isn't any reversal pattern, so the price is still rising. The main intraday target is the 89 Moving Average, which could be a departure point for another decline.

 

1510317121-e31729d9ff9db28674c6892b04348

 

The 89 Moving Average has acted as support, so we've got a "High Wave" pattern, which was confirmed. In this case, the market is likely going to continue rising until any bearish pattern arrives.

 

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USD/JPY Daily Analytics

12:36 10.11.2017

 

1510317121-68fd2dfc727adaf325ae98e3e986a

 

There's a bullish "Harami", but confirmation of this pattern is a quite weak. So, if a pullback from the nearest resistance happens little later on, we could have just another decline.

 

1510317121-280bc526c2a07e9c8778204a13660

 

The price is consolidating under the lower "Window". Previously, we have a bullish "Doji" pattern, which pushed the price higher. It seems like we're about to have another test of the Moving Averages, which could be a departure point for a decline towards the next "Window".

 

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NZD/USD Daily Analytics

06:47 13.11.2017

Registration:

 

BUY 0.7000

 

SL 0.6945

 

TP 0.7105

 

On the daily chart, NZD/USD is consolidating between 0.6820-0.7000 (October low and the lower border of the uptrend trade channel). A break of resistance at 0.7000 will return bulls’ hope for resuming the uptrend. On the other hand, successful test of support at 0.6820 will increase the risks of going to 127.2% and 161.8% targets of “Crab” pattern

 

1510555288-fb9be1d9d65d6402746f6573306cf

 

On H1, aggressive market entries imply getting in on the break of the 0.6905-0.6990 range. According to the conservative approach, it’s necessary to wait for a break of a wider trading range 0.6820-0.7000.

 

1510555348-3696dc2326705fd45dfa7b732beb8

 

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AUD/USD Daily Analytics

06:56 13.11.2017

Recommendation:

 

BUY 0.7695 SL 0.764 TP 0.7805

 

SELL 0.762 SL 0.7675 TP 0.75

 

On the daily chart, AUD/USD keeps consolidating within 0.7620-0.7735. A break of its upper border will open the way up to 0.7805-0.7820, 0.7860 and higher. On the other hand, successful test of support at 0.7620 will increase the odds of 113% target of the “Shark” pattern.

 

1510556070-1db64c049cc9775b27418fd0e6b08

 

On H1, AUD/USD keeps forming “Wolfe waves” pattern. Aggressive entry implies long positions on the break of resistance at 0.7695. According to a conservative approach, one should wait for a test of diagonal resistance and (or) formation of the point 5 of the pattern “Widening wedge”.

 

1510556099-ef00342837a633bda01cab6a3fe3e

 

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AUD/USD Daily Analytics

08:03 13.11.2017

Technical levels: support – 0.7640; resistance – 0.7670

 

Trade recommendations:

 

Sell — 0.7630; SL — 0.7650; TP1 — 0.7570; TP2 — 0.7530.

Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A and B; an irregular golden cross of Tenkan-sen and Kijun-sen, falling Kijun-sen; the prices returned into the negative area and may continue falling down.

 

1510560220-42a68b4bfa2f0515dfbaa054e9dba

 

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USD/JPY: DOLLAR SUPPORTED BY SENKOU SPAN B

08:04 13.11.2017

Technical levels: support – 113.00; resistance – 113.60, 114.00.

 

Trade recommendations:

 

Buy — 113.50; SL — 113.30; TP1 — 114.00; TP2 — 114.40.

Reason: bullish Ichimoku Cloud, but falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen; the prices are supported by Senkou Span B and may return to upper border of a Cloud.

 

1510560220-3dcc4d3b0e9d38341d309e86e7227

 

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EUR/USD Daily Analytics

09:20 13.11.2017

 

1510564720-1570aea20a8c054d0ef2b8db4dd51

 

The 34 Moving Average has acted as resistance, so there's a "Thorn" pattern. In this case, we could have a decline towards the nearest support area at 1.1634 - 1.1615. If a pullback from this area happens, bulls will probably try to reach another resistance at 1.1668 - 1.1695.

 

1510564720-5597ecd9a1a6efad44269f413a0ec

 

We've got a "Thorn" pattern, so the market is consolidating. It's likely that the pair is going to achieve the next support at 1.1615 in the coming hours. However, if a pullback from this level happens little later on, there'll be an opportunity to have an upward price movement towards the closest resistance at 1.1689 - 1.1695.

 

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GBP/USD Daily Analytics

09:23 13.11.2017

 

1510564720-cf649630f60733beb2845d364cd2a

 

The last "Thorn" pattern has been confirmed by the "Breakaway Gap". So, the market is likely going to test the nearest support area 1.3087 - 1.3069. If we see a pullback from these levels, we should keep an eye on the next resistance at 1.3150 - 1.3182 as an intraday target.

 

1510564720-41c5b38405f956f60cdacca97aed8

 

There's a new "Breakaway Gap", which was formed this morning. The main bearish target is the next support area at 1.3080 - 1.3074, which could be a departure point for a bullish price movement in the direction of another resistance at 1.3182 - 1.3105.

 

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