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USD/JPY Daily Analytics

12:20 19.12.2017

 

1513685724-47b5a26689b8f922ac747adf86a29

 

There's a bullish "Hammer", which has been confirmed. So, if a pullback from the lower "Window" happens little later on, there'll be an opportunity to have an intraday upward price movement.

 

1513685723-e21ded0caceb02a76d96fadbd9ff1

 

The price is consolidating inside the "Window". Also, we've got a bullish "High Wave", so the price is likely going to test the last high. If a pullback from this level happens, there'll be an option to have another decline.

 

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USD/CHF Daily Analytics

05:12 20.12.2017

Recommendation:

 

SELL 0.9775 SL 0.983 TP1 0.9675 TP2 0.964

 

BUY 0.9925 SL 0.987 TP1 1.0025 TP2 1.0145

 

On the daily chart, USD/CHF bears managed to lower the pair below important support at 0.9880-0.9890. They are focused on testing the lower border of an uptrend channel. The presence of a triangle means that to continue the way down the pair has to go below support at 0.9775.

 

1513746672-a5903a7f3cf43bc4f33886526fd84

 

On H1, to resume the rally bulls have to form a double bottom and then return the pair inside the uptrend channel.

 

1513746694-351a015a31e5fdb2fee97b43bc66a

 

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GBP/USD Daily Analytics

05:37 20.12.2017

Recommendation:

 

BUY 1.3415

 

SL 1.3360

 

TP 1.3525 TP2 1.3585 TP3 1.3655

 

On the daily chart, GBP/USD bears for the third time tried to pull the pair below 1.3320 (upper border of the previous consolidation range). Formation of 2 inside bars points at the market’s uncertainty. A break of their highs around 1.3215-1.3420 will increase the odds of the pair’s advance.

 

1513747976-b6b56ed02b1869ac79ae2067aff9c

 

On H1, GBP/USD formed “Wolfe waves” pattern. A break of support at 1.3415 will trigger the “Butterfly” pattern and create grounds for a further rally.

 

1513748001-2cf183d9aa99dd882e50bd88c66a5

 

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EUR/USD Daily Analytics

07:57 20.12.2017

Technical levels: support – 1.1810; resistance – 1.1880.

 

Trade recommendations:

 

Buy — 1.1810; SL — 1.1790; TP1 — 1.1880; TP2 – 1.1920.

Reason: narrowing bearish Ichimoku Cloud, rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen; the prices are tested the resistance of Senkou Span B and exit to the positive area.

 

1513756644-5974574d0f06c411e972e24d898d2

 

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GBP/USD Daily Analytics

07:59 20.12.2017

Technical levels: support – 1.3380; resistance – 1.3450.

 

Trade recommendations:

 

Buy — 1.3380; SL — 1.3360; TP1 — 1.3450; TP2 — 1.3500.

Reason: narrow bearish Ichimoku Cloud with horizontal Senkou Span A and B; a weak dead cross of Tenkan-sen and Kijun-sen with narrowing channel of Tenkan-Kijun; the market in a positive area, on the strong support of Tenkan, Kijun and Senkou Span A.

 

1513756644-5838ef800660551113de2aff99712

 

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EUR/USD Daily Analytics

11:55 20.12.2017

 

1513770824-ca737db678d8df6d88264d1ecfaff

 

Bulls faced with resistance at 1.1859, so the price is consolidating. The main intraday target is the next resistance at 1.1875 - 1.1884. If a pullback from this area happens, we could have a bearish correction towards the nearest support at 1.1833 - 1.1811.

 

1513770824-033affd884c0e90a7fffbea430137

 

The price has been consolidating since the downtrend was broken. It's likely that the pair is going to test the closest resistance at 1.1871 - 1.1890 in the short term. If a pullback from this area happens, there'll be an opportunity to have a downward correction.

 

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GBP/USD Daily Analytics

11:58 20.12.2017

 

1513770824-efb8893298405d6b15061977e676a

 

The 89 Moving Average is acting as support, so the market is likely going to test the nearest resistance at 1.3454. If a pullback from this level happens, we could have a decline towards another support at 1.3369.

 

1513770824-86a42eda76f55a5f35dc4b61dcfda

 

The price is consolidating above the Moving Averages. The main intraday target is the next resistance at 1.3430 - 1.3447, which could be a departure point for a downward price movement in the direction of the 89 Moving Average.

 

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EUR/USD Daily analytics

12:01 20.12.2017

 

1513771166-e956939619d74fa233a6044f2d5fe

 

There's a "Shooting Star", which has been formed at the last local high. So, we're likely going to have a local bearish correction. However, if a pullback from the Moving Averages happens little later on, bulls will probably try to test the upper "Window".

 

1513771166-8c5290a1929ebb0e1758d6ae8b08c

 

We've got a "Shooting Star", which hasn't been confirmed yet. Nevertheless, bears are likely going to test the lower "Window", which could be a departure point for another upward price movement.

 

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USD/JPY Daily Analytics

12:03 20.12.2017

 

1513771166-9195b2dad2d559c3649efc13e7e42

 

The last "Hammer" pattern pushed the price higher. The main intraday target is the upper "Window". If a pullback from this level happens, there'll be an opportunity to have a decline.

 

1513771165-9f2390ee2815c7363bc71d696138d

 

There's still no any reversal pattern on the one-hour chart. Meanwhile, it's likely to have a downward correction in the coming hours. At the same time, bulls will probably try to test the next resistance area afterwards.

 

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EUR/JPY Daily Analytics

06:40 21.12.2017

Recommendation:

 

BUY 134.00

 

SL 133.45

 

TP1 135 TP2 136

 

On the daily chart, EUR/JPY left the medium-term consolidation range 131.50-133.95 as it traded within “Spike and ledge” pattern. As a result, the pair resumed bullish trend and the chances of advance to 200% of AB=CD pattern increased. It’s situated near 136.

 

 

1513838337-151f939c6df1fdb4a28b3d5785d89

 

On H1, EUR/JPY formed a “Widening wedge”. The fact that it went to point 5 means that bulls have total control. Pullbacks to supports may be used for forming long positions.

 

1513838365-b35d7fb0c22de42ad09055593ba2f

 

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USD/JPY Daily Analytics

06:47 21.12.2017

Recommendations:

 

BUY 113.65 SL 113.1 TP1 114.65 TP2 115.35

 

SELL 112.75 SL 113.3 TP 111.75

 

On the daily chart, USD/JPY bulls managed to conquer resistance at 113.00 and return initiative in their hands. As a result, the odds of reaching 113% target of the inverted junior “Shark” pattern increased.  

 

1513838758-3297c54597baddc0779dab87f7356

 

On H1, USD/JPY keeps correcting to the wave CD as the “Shark” pattern is transforming into 5-0. Return of the pair 50% and the following successful test of the diagonal support will increase the risk of decline. On the other hand, increase above 78.6% and 88.6% will allow bulls to continue the rally.

 

1513838773-1f50b4d918123f905c31c70a9dfda

 

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EUR/USD Daily Analytics

10:12 21.12.2017

 

1513851075-8ba6e4741ea2e2fdcb3d87e686ec6

 

Bulls faced with resistance at 1.1919, so the price is consolidating. The main intraday is the next resistance at 1.1901 - 1.1919. If a pullback from this area happens, there'll be an opportunity to have a decline towards the closest support at 1.1859 - 1.1833.

 

1513851075-ccaa95753e816cd7177756eb97e20

 

The price is consolidating between the levels 1.1871 - 1.1890. Also, there's a "Pennant" pattern, so it's likely that the pair is going to test the nearest resistance at 1.1914 - 1.1941. Meanwhile, if a pullback from this area happens little later on, bears will probably try to reach another support at 1.1848 - 1.1833.

 

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GBP/USD Daily Analytics

10:15 21.12.2017

 

1513851075-b8918e2486822d1bea5a9319f342e

 

The market is still consolidating along the Moving Averages. The main intraday target is the next resistance area at 1.3419 - 1.3445. At the same time, if a pullback from these levels takes place, there'll be an opportunity to have another decline in the direction of the nearest support at 1.3336 - 1.3300.

 

1513851074-20dc0daa3340475ca166cbf97efdb

 

There's a consolidation, which is happening under the Moving Averages. Therefore, the pair is likely going to test the closest resistance at 1.3408 - 1.3419. This area could be a departure point for a downward price movement towards the nearest support at 1.3336 - 1.3319.

 

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EUR/USD Daily Analytics

11:12 21.12.2017

 

1513854688-e116077c934506db56e567ef6d899

 

There's a bullish "Three Methods" pattern, which has been formed on the nearest "Window". So, the market is likely going to test the next "Window" in the short term.

 

1513854688-1b39fca2f5b7337a05eb8c08a9056

 

We've got a bullish "Hammer" pattern, which has been confirmed. In this case, it's likely that the pair is going to continue moving up in the direction of the upper "Window" in the coming hours.

 

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USD/JPY Daily Analytics

11:15 21.12.2017

 

1513854688-548c89809da8c83e1165155947327

 

There's a "Shooting Star", which has been formed at the last local high. However, this pattern doesn't have confirmation so far. Therefore, we could have just a local bearish correction towards the Moving Averages.

 

1513854688-8436b4c7e78eb6c242a8d7c7f6817

 

We've got a bearish "High Wave", but confirmation of this pattern is a quite weak. So, we should keep an eye on the 89 Moving Average as the next intraday target. If a pullback from this line happens little later on, there'll be an opportunity to have another bullish price movement.

 

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EUR/USD Daily Analytics

15:28 21.12.2017

 

1513869995-dfbe8a491add0d0ffbf373c034a84

 

There's a developing ending diagonal in wave 5, so we're likely going to have a zigzag in wave [iii] in the short term. The main intraday target is +2/8 MM Level.

 

1513869995-730add97c4344e480809a488f7faf

 

The price has been rising since a pullback from 1/8 MM Level happens. It's likely that wave [4] ended, so we could have another bullish impulse in wave [5] of iii in the coming hours. In this case, we should keep an eye on 7/8 MM Level as the next target.

 

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AUD/USD Daily Analytics

06:17 22.12.2017

Technical levels: support – 0.7680; resistance – 0.7760

 

Trade recommendations:

 

Buy — 0.7700; SL — 0.7680; TP1 — 0.7760; TP2 — 0.7790.

Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A and B; a new golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices are breaking out the resistance of 0.7680 and may go higher.

 

1513923448-42a68b4bfa2f0515dfbaa054e9dba

 

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USD/JPY Daily Analytics

06:18 22.12.2017

Technical levels: support – 113.00; resistance – 113.60.

 

Trade recommendations:

 

Buy — 113.00; SL — 112.80; TP1 — 113.60; TP2 — 114.00.

Reason: expanding bulllish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen; the prices are tested the main resistance and returned to support of Tenkan-sen.

 

1513923448-3dcc4d3b0e9d38341d309e86e7227

 

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EUR/USD Daily Analytics

07:29 22.12.2017

Recommendation:

 

SELL 1.1815

 

SL 1.187

 

TP1 1.1715 TP2 1.167 TP3 1.16

 

On the daily chart, EUR/USD created grounds for the realization of the |Head and shoulders” pattern. The necessary conditions include a break of support at 1.1805-1.1820 with the following exit of the pair outside of the uptrend channel. On the other hand, renewal of last high above 1.19 will increase the risks of the rally’s continuation.

 

1513927442-60c2e2faf75c4ef7ec692f3315c7d

 

On H1, EUR/USD the exit of the pair outside of the uptrend channel will create grounds for triggering AB=CD pattern. Its 127.2% target is near 1.1670.

 

1513927456-cd38927ea0f956dcaeee884bec774

 

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EUR/GBP Daily Analytics

07:43 22.12.2017

Recommendation:

 

BUY 0.889

 

SL 0.8835

 

TP1 0.8980 TP2 0.9020 TP3 0.9070

 

On the daily chart, EUR/GBP is consolidating within a bullish channel. A break of its lower border near 0.8740 will increase the risks of the pair going to 200% target of AB=CD. On the other hand, bears’ inability to let the pair below the diagonal support will allow bulls to resume the uptrend.

 

1513928535-bc1ce4ebdd72b71af2881b8edc2b5

 

On H1, EUR/GBP keeps forming the “Head and shoulders”. To continue the rally, the pair needs to break above resistance at 0.8890.

 

1513928554-311438cdc50bb0f634d8ee27e47a0

 

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EUR/USD Daily Analytics

09:45 22.12.2017

 

1513935821-f0521a00412ac21ebf75964c59b99

 

There's a "Double Top" pattern, so the price was declining, but the 34 Moving Average acted as support. Therefore, we've got a bullish "Thorn" pattern. In this case, we should keep an eye on the nearest resistance at 1.1902 as an intraday target.

 

1513935821-87eee803fe8172905a69e587537fd

 

The 89 Moving Average has acted as support, so there's a "Thorn" pattern. However, a "V-Top" was formed afterwards, so the pair is likely going to test the closest support at 1.1833, which could be a departure point for an upward price movement.

 

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GBP/USD Daily Analytics

09:48 22.12.2017

 

1513935820-fb6ef4283183f4b8adb7feca560f0

 

The price is still consolidating along the Moving Averages. The main intraday target is the next resistance at 1.3419 - 1.3445. If a pullback from this area happens little later on, there'll be an opportunity to have a decline towards the closest support at 1.3336 - 1.3319.

 

1513935820-0576dbf03ff90233188879d95b52c

 

There's a consolidation, which is taking place between the levels 1.3386 - 1.3369. It's likely that bears are going to achieve the next support at 1.3350. Meanwhile, if a pullback from this level is on the table, we could have another upward price movement in the direction of the nearest resistance at 1.3419 - 1.3430.

 

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EUR/USD Daily Analytics

09:52 22.12.2017

 

1513936241-4d2f76a2ddb6e57ce2814a9d50c45

 

There's a "Tower" pattern, which has been formed on the upper "Window". So, the market is likely going to test the 55 Moving Average line, which could be a departure point for another bullish rally.

 

1513936241-ecac68d3a353f581726ae4e050178

 

There are bearish patterns such a "Hanging Man" and a "High Wave", which both have been confirmed. Therefore, the price is likely going to reach the lower "Window" in the coming hours.

 

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USD/JPY Daily Analytics

09:54 22.12.2017

 

1513936241-0203575081c0badef7b6b9fd3afa2

 

We've got a "Shooting Star", which has been formed at the last local high. In this case, we should keep an eye on the Moving Averages as the next intraday target. If a pullback from these lines happens, there'll be an opportunity to have another upward price movement.

 

1513936241-09c6cd334853979a1090ec26c5384

 

The last bearish "High Wave" pattern has been confirmed by the "Three Methods". So, the pair is likely going to test the 144 Moving Average in the short term.

 

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EUR/USD Daily Analytics

15:01 22.12.2017

 

1513954745-50e7b34d15870039f772eb84a729d

 

There's a developing ending diagonal in wave 5 on the four-hour chart. It's likely that wave [iii] is going to move on. The main intraday target is +2/8 MM Level.

 

1513954745-6f084636c6f0b75d1af0a1f7bc6e4

 

4/8 MM Level acted as support, so wave ii might have been formed. Therefore, we're likely going to have an upward price movement in wave iii of © of [iii] in the coming hours.

 

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