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EUR/USD Daily Analytics

12:23 12.12.2017

 

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The 55 & 89 Moving Averages are acting as resistance, so there's a "Shooting Star" pattern, which has been confirmed. In this case, if a pullback from the 34 MA happens soon, there'll be an opportunity to have another decline.

 

1513081319-476c27925ff4c1f19dc1ae3c43d2b

 

There are bearish patterns such a "Doji" and a "Harami", which both have been formed on the 55 Moving Average. So, the market is likely going to decline towards the nearest support area in the short term.

 

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USD/JPY Daily Analytics

12:25 12.12.2017

 

1513081318-ceecb5b20936f68754867532234a1

 

We've got a bearish "Harami", but confirmation of this pattern is a quite weak. Therefore, the pair is likely going to test the upper "Window", which could be a departure point for a downward correction.

 

1513081318-dfd119e7e5b29fe8d046dfded88af

 

The price is still consolidating. The 21 Moving Average is acting as support. It seems like we're going to have a new local high in the coming hours. If any bearish pattern forms afterwards, there'll be a moment to have a decline.

 

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EUR/USD Dailt Analytics

15:34 12.12.2017

 

1513092790-85c5795b4b0b4b2e1af7acb971b18

 

There's a possible ending diagonal in wave 5. If correct, we're likely going to have wave [iii] inside this pattern. So, we should keep an eye on +2/8 MM Level as the next bullish target.

 

1513092790-8d406d8d436578173dd9aa0f630be

 

We've got an upward impulse, which could be wave i. If so, wave ii is about to end. Therefore, there's an opportunity to have wave iii of (a). The main intraday target is 5/8 MM Levels.

 

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GBP/USD Daily Analytics

01:15 13.12.2017

GBP/USD remains supported by the Fibonacci zone of 65% at 1.3335 and looks forward to test fresh highs across the board. Such level should give up in order to invalidate the bullish scenario and the next target will be the November 28th lows at 1.3220. However, to the upside, if the pair manages to break above December 8th highs, then the next target lies at -23.6% Fibo level at 1.3626.

 

RSI indicator remains hovering in the positive territory.

 

1513127656-a826eb853c8d859f5b9d16a5c78c3

 

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BITCOIN (BTC/USD) Daily Analytics

01:26 13.12.2017

The optimism for Bitcoin is still latent in the financial markets and is that during the session of December 11, it reached new heights above the barrier of 17,000. Recall that the BTC/USD has been bouncing from the 200-hour moving average and this has helped it gain momentum in the short and medium term.

 

The resistance of 17,076 continues to be a major obstacle for the bulls and it is possible that news regarding the capitalization of cryptocurrency in the futures market in the United States continues to be the main driver of movements in the short term. During the first day of operations, the BTC remained bullish and above the 17,000 mark.

 

In a few minutes, the Bitcoin moved about 1,000 against the US dollar, which indicates that there is still caution regarding the interest of this cryptocurrency in the futures market. According to the capitalization shown by CoinMarketCap, the BTC has been showing gains among the top 10 of the main critics worldwide, making a total of $ 456 billion dollars.

 

What do we expect?

 

According to our projections on the H1 chart, the Parabolic SAR continues to support the bullish price action in the Bitcoin and it is possible that the rebound made on the 200-hour moving average is enough to reach the next Fibonacci target of -23.6% in 19,114.29. On the downside, we have a strong support in the psychological barrier of 15,000. The RSI remains in positive territory, favoring the bullish scenario for the short term.

 

 

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GBP/USD Daily Analytics

06:46 13.12.2017

Technical levels: support – 1.3310; resistance – 1.3370.

 

Trade recommendations:

 

Buy — 1.3320/30; SL — 1.3300; TP1 — 1.3370; TP2 — 1.3400.

Reason: narrowing bullish Ichimoku Cloud, falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, with falling Tenkan-sen; the prices in a cloudy area on the support of Senkou Span B.

 

1513147591-5838ef800660551113de2aff99712

 

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AUD/USD Daily Analytics

06:47 13.12.2017

Technical levels: support – 0.7540; resistance – 0.7580

 

Trade recommendations:

 

Sell — 0.7570; SL — 0.7590; TP1 — 0.7540; TP2 — 0.7490.

Reason: bearish Ichimoku Cloud with rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices are under strong resistance of the Cloud.

 

1513147591-42a68b4bfa2f0515dfbaa054e9dba

 

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USD/CHF Daily Analytics

07:44 13.12.2017

Recommendation:

 

BUY 0.9855

 

SL 0.98

 

TP1 0.9955 TP2 1.0005 TP3 1.0145

 

On the daily chart, a break of support at 0.9880-0.9890 will allow bears to develop correction to the lower border of an uptrend channel. On the other hand, a pullback can create grounds for an advance towards 200% target of AB=CD.  

 

1513150993-a5903a7f3cf43bc4f33886526fd84

 

On H1, USD/CHF is transforming the inverted “Shark” pattern into 5-0. Usually, a pullback of the pair from 38.2%, 50% and 61.8% of the wave CD is used for opening long positions.

 

1513151015-351a015a31e5fdb2fee97b43bc66a

 

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GBP/USD Daily Analytics

07:58 13.12.2017

Recommendation:

 

BUY 1.3430

 

SL 1.3375

 

TP1 1.3530 TP2 1.3585

 

On the daily chart, GBP/USD is retesting the upper border of the previous consolidation range 1.3040-1.3320. In case of successful break of support at 1.3290-1.3320, bears will have an opportunity to trigger “Shakeout-Fakeout” pattern. To resume the uptrend, bulls need to conquer resistance at 1.3520 and 1.3585.

 

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On H1, GBP/USD has almost reached 78.6% target of the “Gartley” pattern. A pullback of support at 1.3295 with the following return inside the uptrend channel will allow bulls to develop their attack.

 

1513151747-2cf183d9aa99dd882e50bd88c66a5

 

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EUR/USD Daily Analytics

09:54 13.12.2017

 

1513158750-d1fb6193af218d06aa85c9b243160

 

Bears faced with support at 1.1712, so there's a "V-Bottom", which pushed the price to the nearest resistance at 1.1756. Considering that there was a pullback from the Moving Averages, the market is likely going to test the nearest support at 1.1712 - 1.1695 in the short term.

 

1513158750-9f8f935d620f6d05c17a9c41a506b

 

There's a "Double Top", which has been formed under the 34 Moving Average. The main intraday target is the next support at 1.1712 - 1.1695. If a pullback from this area happens little later on, there'll be an opportunity to have an upward price movement towards the nearest resistance at 1.1756 - 1.1772.

 

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GBP/USD Daily Analytics 

10:00 13.12.2017

 

1513158749-756dcbb41788724697e87580fe79c

 

The 89 Moving Average has acted as support, so the price is consolidating. Considering that there are a "Double Top" and a "V-Top" patterns, the pair is likely going to achieve the closest support at 1.3278 - 1.3259 in the coming hours.

 

1513158750-4463fe286e26dc572a69af6871fff

 

There's a "Flag" pattern, so bears are likely going to reach the nearest support area at 1.3278 - 1.3259. Meanwhile, if a pullback from these level arrives afterwards, we could have an upward price movement in the direction of another resistance at 1.3336 - 1.3357.

 

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EUR/USD Daily Analytics

10:54 13.12.2017

 

1513162371-2aa152c86de0783a929e974f2d8a5

 

There are bullish patterns such a "Piercing Line" and a "Harami", which both have been confirmed. Therefore, the market is likely going to test the 34 & 55 Moving Averages. If a pullback from these lines happens little later on, there'll be an opportunity to have another decline.

 

1513162371-b7b57f555c4d5ef4a2c6847ae776e

 

We've got a confirmed "Hammer", which has been formed at the last local low. Meanwhile, we could have a local bearish correction during the day, but bulls are likely going to reach the 144 Moving Average afterwards.

 

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USD/JPY Daily Analytics

10:57 13.12.2017

 

1513162372-329a4b41ef9f21eabbc173ff0b154

 

The upper "Window" has acted as resistance, so there's a confirmed bearish "Harami". The main intraday target is the 34 Moving Average. If a pullback from this line happens, we could have a local upward correction towards the "Window".

 

1513162371-d4065112eb3298ec2aea28862e7e9

 

The price has been consolidating between the Moving Averages. Also, there's a bearish "Three Methods" pattern, so the market is likely going to test the nearest support area in the short term.

 

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EUR/USD Daily Analytics

06:50 14.12.2017

Technical levels: support – 1.1800; resistance – 1.1840.

 

Trade recommendations:

 

Buy — 1.1800; SL — 1.1780; TP1 — 1.1870; TP2 – 1.1900

Reason: narrowing bearish Ichimoku Cloud, rising Senkou Span A; a cancelled dead cross of Tenkan-sen and Kijun-sen with rising lines; the prices are returned to the positive area and may go higher.

 

1513234190-5974574d0f06c411e972e24d898d2

 

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USD/JPY Daily Analytics

06:51 14.12.2017

Technical levels: support – 112.40; resistance – 113.00.

 

Trade recommendations:

 

Buy — 112.50/60; SL — 112.30; TP1 — 113.00; TP2 — 113.50.

Reason: narrowing bullish Ichimoku Cloud with horizontal Senkou Span A and B; a cancelled golden cross of Tenkan-sen and Kijun-sen; the prices are entered into the Cloud, but supported by Senkou Span B.

 

1513234190-3dcc4d3b0e9d38341d309e86e7227

 

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EUR/JPY Daily Analytics

07:59 14.12.2017

Recommendation: BUY 134 SL 133.45 TP1 135 TP2 136 TP3 138

 

On the daily chart, EUR/JPY keeps consolidating in the 131.50-133.95 within the “Spike and ledge”. Another test of resistance at 133.95 in case of success will increase the odds of an advance to 200% target of AB=CD.

 

1513237960-151f939c6df1fdb4a28b3d5785d89

 

On H1, a “Widening wedge” pattern is still actual. Bulls and bears didn’t choose a winner, but a successful test of resistance at 134 will mean the victory of the euro against the Japanese yen. 

 

1513237984-b35d7fb0c22de42ad09055593ba2f

 

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USD/JPY Daily Analytics

09:02 14.12.2017

Recommendation:

 

SELL 112

 

SL 112.55

 

TP 111

 

On the daily chart, the fact that USD/JPY left the short-term uptrend channel points at the seriousness of bears. If they manage to hold the USD below 113.00, the odds of a 5-0 pattern will increase.

 

1513241992-3297c54597baddc0779dab87f7356

 

On H1, the senior “Shark” pattern is transforming into 5-0. Bears managed to return the pair below important levels of 113.25 and 112.80. They want to trigger the junior pattern with a target of 88.6%.

 

1513242018-1f50b4d918123f905c31c70a9dfda

 

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EUR/USD Daily ANalytics

11:31 14.12.2017

 

1513250978-164fe5444ab041b1ebc5783194081

 

There's a "Triple Bottom", which has been confirmed, so all the Moving Averages have been broken. The main intraday target is the next support at 1.1814, which could be a departure point for an upward price movement towards the nearest resistance at 1.1884 - 1.1919.

 

1513250978-be25caf0aecc2cac61887a5947aa5

 

 

Bulls faced with resistance at 1.1847, so the price is consolidating. In this case, bears are likely going to reach the closest support at 1.1814 in the short term. If a pullback from this level happens little later on, we should keep an eye on another resistance at 1.1871 - 1.1890 as the next bullish target.

 

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GBP/USD DAily Analytics

11:36 14.12.2017

 

1513250978-c3a7d471f15cb8bf43e597fa851f7

 

We've got a confirmed "Triple Bottom", so the price has broken all the Moving Averages. The main intraday target is the next support at 1.3408 - 1.3386. Meanwhile, if a pullback from this area happens, bulls will probably try to reach the nearest resistance at 1.3479 - 1.3519.

 

1513250978-f36eca9fb9a8f075d2969ad9f5c9e

 

The pair faced resistance at 1.3454, so the price is consolidating. It's likely that the market is going to reach the closest support at 1.3408 - 1.3398. This area could be a departure point for an upward price movement in the direction of the next resistance at 1.3478.

 

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EUR/USD Daily Analytics

11:41 14.12.2017

 

1513251516-450bc335a993060aa05a798cf7c01

 

There's a "Harami", which has been formed at the last local high. So, the market is likely going to test the nearest Moving Averages. If a pullback from these lines happens little later on, we should keep an eye on the upper "Window" as the next bullish target.

 

1513251516-dc63f87bc82b9d41533f03943f92e

 

We've got a "Belt Hold", so the price is likely going to test the 89 Moving Average. This line could be a departure point for an upward price movement towards the nearest "Window".

 

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USD/JPY Daily Analytics

11:46 14.12.2017

 

1513251516-5a6b2af3d98ff5da5f93c412b204b

 

There's an "Inverted Hammer", but confirmation of this pattern is a quite weak. So, we could have just a local upward correction in the short term. Nevertheless, bears are likely going to test the lower "Window" afterwards.

 

1513251516-937a21bde8b58dedbe3031e236a7d

 

The last "High Wave" pattern is still unconfirmed. Therefore, the market is likely going to decline during the day. Anyway, bulls will probably try to test the Moving Averages little later on.

 

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EUR/USD Daily Analytics

06:15 15.12.2[017

Recommendation:

 

SELL 1.1750

 

SL 1.1805

 

TP1 1.1640 TP2 1.1600 TP3 1.1550

 

On the daily chart, the inability of bulls to push the pair above resistance at 1.1821 points at their weakness. To continue decline towards 127.2% and 161.8% targets of a “Crab” bears need to lead the pair outside of the uptrend channel and conquer support at 1.1750.

 

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On H1, a break of support at 1.1730-1.1750 will make EUR/USD go to 161.8% and 88.6% targets of the “Shark” and AB=CD.

 

1513318509-144c086f9efd0dd7367f2818eb875

 

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EUR/GBP Daily Analytics

06:32 15.12.2017

Recommendation:

 

BUY 0.8850

 

SL 0.8795

 

TP1 0.8975 TP2 0.9015 TP3 0.9075

 

On the daily chart, EUR/GBP keeps consolidating between 0.8740 and 0.9015. A condition needed for the uptrend’s resumption is for the pair to return inside an uptrend channel. On the other hand, if the pair renews December low, the odds of it going to 200% target of AB=CD will increase.

 

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On H1, there are conditions for the formation of the “Head and shoulders”. Successful of resistance close to the neckline at 0.8840-0.8850 will open the way to the upside to bulls.

 

1513319455-311438cdc50bb0f634d8ee27e47a0

 

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GBP/USD Daily Analytics

06:33 15.12.2017

Technical levels: support – 1.3420; resistance – 1.3470.

 

Trade recommendations:

 

Buy — 1.3420/30; SL — 1.3400; TP1 — 1.3470; TP2 — 1.3510.

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

 

1513319584-5838ef800660551113de2aff99712

 

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AUD/USD Daily analytics

06:35 15.12.2017

Technical levels: support – 0.7630; resistance – 0.7680

 

Trade recommendations:

 

Sell — 0.7680; SL — 0.7700; TP1 — 0.7630; TP2 — 0.7590.

Reason: bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices are under strong resistance of 0.7680.

 

1513319584-42a68b4bfa2f0515dfbaa054e9dba

 

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