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USD/CHF Daily Analytics

07:37 28.03.2018

Recommendations:

 

BUY 0.951 SL 0.9455 TP1 0.961 TP2 0.9715 TP3 0.986

 

SELL 0.9435 SL 0.949 TP1 0.936 TP2 0.9335 TP3 0.927

 

On the daily chart of USD/CHF, the pair needs to break the March high to continue rising. On the contrary, an implementation of the “three Indians” pattern will increase risks of a long-term bearish trend. 

 

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On H1, there is a short-term consolidation in the range of 0.9435-0.951. If bulls manage to break its upper boundary, the rally will continue. Vice versa, the break of the support at 0.9435 will increase risks of decline to the 88.6% target of the “Shark” pattern.

 

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EUR/USD Daily Analytics

09:34 28.03.2018

 

1522229595-9558b3768729f5421bfd4f3866b8d

 

There's a 'Double Top' pattern, so the price is declining. In this case, the market is likely going to test the Moving Averages, which could be a departure point for another upward price movement.

 

1522229595-20259b459a7100c1a7a9a181a60d3

 

The price is testing the 55 Moving Average. Considering the last 'Pennant' pattern, the pair is likely going to test the nearest support area at 1.2348 - 1.2331. If a pullback from this area happens little later on, there'll be a moment for a bullish price movement in the direction of the next resistance at 1.2445 - 1.2476.

 

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GBP/USD Daily Analytics

09:36 28.03.2018

 

1522229595-31976eb69aa471f53c6d44ed65489

 

The main trend is still bullish, but there's a 'Double Top' pattern. In this case, we should keep on track the nearest support at 1.4027. If a pullback from this area happens little later on, there'll be a moment for an upward price movement towards another resistance at 1.4217 - 1.4277.

 

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There's a 'V-Top' pattern, so the price is likely going to test the closest support at 1.4075 - 1.4064. If we see a pullback from these levels, bulls will probably try to reach the next resistance area at 1.4217 - 1.4243.

 

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EUR/USD Daily Analytics 

14:29 28.03.2018

 

1522247131-41b53b3c43d672df039fc06f5b645

 

The last bullish 'Harami' hasn't been confirmed because all the last candles are bearish. So, the market is likely going to test the Moving Averages, which could be a departure point for another upward price movement.

 

1522247131-2af82b3c99d9f839920e3e2c43553

 

There's a bullish 'Hammer', which has been formed on the 55 Moving Average. However, confirmation of this pattern is quite weak. So, after a short break, bears are likely going to test the 144 Moving Average.

 

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USD/JPY Daily Analytics

14:33 28.03.2018

 

1522247130-87fef1c097503e6d4668695a452e0

 

The price has been rising since a 'High Wave' pattern formed at the last low. However, if the 89 Moving Average acts as resistance, there'll be a moment for another decline.

 

1522247130-223a448704eeb0a13a9937c0ceefb

 

The last 'Harami' pattern led to the current upward price movement. If any reversal pattern forms in the coming hours, there'll be an opportunity to have a bearish correction. Nevertheless, the pair is likely going to test the upper 'Window' afterwards.

 

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GOLD (XAU/USD) ENDING A POSSIBLE CORRECTIVE MOVE

18:40 28.03.2018

 

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Gold has been trading in a bearish tone below the 50 SMA at H1 chart following the US GDP data release during March 28th session. Currently, we’re seeing a corrective move to take place in favor of the overall bullish structure and if the XAU/USD pair touches the 65% Fibonacci level at 1324, it could gather momentum to resume the bullish bias towards the -23.6% Fibonacci area at 1368.

 

RSI indicator is in the oversold territory, calling for an imminent rebound.

 

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BITCOIN (BTC/USD): STRONG BIDS PLACED AROUND 7,586

18:36 28.03.2018

 

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Bitcoin continues to find support above the 7586 level, where buyers are actively concentrated and trying to resume the upward bias in the short term. Currently, there is a slight consolidation below the 50-hour moving average, which suggests that the current formation is that of a bearish pattern.

 

In Denmark, Danske Bank has announced that it will prohibit the trading of cryptocurrencies on its platforms, although they will still allow credit card transactions to customers in general. In addition, a regulated entity of the United States has sent a reminder to its members to report all activities that concern cryptocurrency.

 

The Parabolic SAR continues in favor of the bulls, although we are observing that this indicator is showing signs of weakness for the short term. The resistance of 8041 continues being an important barrier to face, reason why the rupture of the level of 7586 will be key to determine the following way of the BTC.

 

What do we expect?

 

According to our forecasts in the short-term, the BTC/USD pair aims to enter a consolidation stage above 7586, so that buyers could help push upwards towards the 200-hour moving average as the first objective. However, if such support comes to cede, the Bitcoin could rush to the level of 7068.

 

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EUR/USD Daily Analytics

06:52 30.03.2018

Technical levels: support – 1.2300; resistance – 1.2380.

 

Trade recommendations:

 

Buy — 1.2310/20; SL — 1.2290; TP1 — 1.2380; TP2 — 1.2420

Reason: narrowing bullish Ichimoku Cloud with falling Senkou Span A; a correctional dead cross of Tenkan-sen and Kijun-sen with the falling Tenkan-sen; the market had corrected to the Cloud and keep staying on its support.

 

1522392687-5974574d0f06c411e972e24d898d2

 

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GBP/USD Daily analytics

06:53 30.03.2018

Technical levels: support – 1.3990; resistance – 1.4090.

 

Trade recommendations:

 

Buy — 1.3990; SL — 1.3970; TP1 — 1.4155; TP2 — 1.4225.

Reason: bullish Ichimoku Cloud, but the lines Senkou Span A and B are horizontal; a correctional dead cross of Tenkan-sen and Kijun-sen; the prices entered inside a Cloud and can test the support of Senkou Span B.

 

1522392687-5838ef800660551113de2aff99712

 

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EUR/USD Daily analytics 

07:28 30.03.2018

Recommendation:

 

SELL 1.2245

 

SL 1.2300

 

TP1 1.2095 TP2 1.2050 TP3 1.1965

 

On the daily chart, EUR/USD may form a unique chart pattern: a wedge inside a wedge. Point 5 of the junior pattern “Widening wedge” corresponds to 23.6% of the senior pattern’s wave 4-5. This creates a powerful entry point on the break of support at 1.2245-1.2250.

 

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On H1 of EUR/USD, there’s a combination of “Spike and ledge” and “Widening wedge”. A break of the lower border of the consolidation range 1.2245-1.2445 will increase the possibility of a “Gartley” pattern.

 

1522394850-144c086f9efd0dd7367f2818eb875

 

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EUR/GBP Daily Analytics

08:07 30.03.2018

Recommendation:

 

SELL 0.882 SL 0.8875 TP1 0.8735 TP2 0.867 TP3 0.845

 

SELL 0.8855 SL 0.891 TP1 0.8755 TP2 0.867 TP3 0.845

 

On the daily chart, EUR/GBP keeps medium-term consolidation in the 0.8700-0.9015 range in line with the “Spike and ledge” pattern. A break of its lower border will create grounds for the decline to 200% of AB=CD.

 

1522397210-8afba167b3e7c15d0d5d28d0f3c7b

 

On H1, the “Shark” pattern is transforming into 5-0 after the pair reached 88.6% target of the former. Pullbacks towards 50% and 61.8% of the wave CD are usually used for selling.

 

1522397225-144c086f9efd0dd7367f2818eb875

 

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EUR/USD Daily Analytics

09:44 30.03.2018

 

1522402989-3c9c13f85697073477d815ec819ef

 

There's a 'V-Bottom' pattern, so the price is testing the 89 Moving Average. If this line turns out to be broken, we should keep an eye on the nearest resistance at 1.2359 - 1.2372 as an intraday target. A pullback from this area could be a departure point for another decline towards the next support at 1.2272 - 1.2250.

 

1522402988-da9bc8c94fcaf0884c13946fe7057

 

The price has been rising since a 'Double Bottom' formed at the last low. It's likely that the pair is going to test the closest resistance at 1.2359 - 1.2372 in the coming hours. Meanwhile, if a pullback from these levels happens little later on, there'll be an opportunity to have a decline in the direction of another support at 1.2285 - 1.2272.

 

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GBP/USD Daily analytics

09:46 30.03.2018

 

1522402988-2b9940f4a81e0226fcd716a41826c

 

There's a 'V-Bottom', which has been formed on the 55 Moving Average. The main intraday target is the nearest resistance at 1.4144, which could be a departure point for a downward price movement towards the closest support 1.3982 - 1.3928.

 

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We've got a 'Triple Bottom' pattern, so the market is likely going to reach the nearest resistance at 1.4133. If a pullback from this level forms afterwards, bears will probably try to achieve the next support at 1.4027 - 1.3982.

 

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EUR/USD Daily analytics

12:11 30.03.2018

 

1522411776-94572436f6d1c62f6b4cfcfc2a715

 

There's an 'Inverted Hammer', which has been confirmed. So, the market is likely going to test the nearest resistance area, which could be a departure point for another decline.

 

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The lower 'Window' acted as support, so there's a developing upward correction. Also, we've got a bullish 'Three Methods' pattern, so the pair is likely going to reach the closest resistance area in the coming hours.

 

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USD/JPY Daily analytics

12:14 30.03.2018

 

1522411775-12147548a4b995068df034fc4cd09

 

The last 'Evening Star' and 'High Wave' patterns led to the current decline. The main bearish target is the 34 Moving Average, which could be a starting point for another upward price movement.

 

1522411775-47401ae1d5e77f7eb234a4bdec7dc

 

There's a bearish 'Three Methods' pattern, but the price faced with support on the Moving Averages. In this case, we could have a local correction in the short term. Nevertheless, there's an opportunity to have another decline afterwards.

 

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Gold prices (XAU/USD) opened the year with $1,309.65 and it has been growing since then.  Geopolítical tensions, change of american monetary policies, the weakness in the US dollar, among other key factors have affected the quotes of the yellow metal.Can we expect more bullish moves, what do you think? will you go long or short this week? 

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USD/JPY Daily Analytics

06:59 02.04.2018

Technical levels: support – 106.15; resistance – 106.70, 107.00.

 

Trade recommendations:

 

Buy — 106.30/40; SL — 106.10; TP1 — 107.00; TP2 — 107.50.

Reason: bullish Ichimoku Cloud, but there is a falling Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with narrowing channel of Tenkan-Kijun; the market had returned to the Cloud but supported by Senkou Span B.

 

1522652120-3dcc4d3b0e9d38341d309e86e7227

 

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AUD/USD Daily Analytics

06:55 02.04.2018

Technical levels: support – 0.7610, 0.7670; resistance – 0.7690

 

Trade recommendations:

 

Sell — 0.7660; SL — 0.7680; TP1 — 0.7610; TP2 — 0.7580.

Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen, but narrowing channel of Tenkan-Kijun; the prices are corrected to Kijun’s support and now may continue the existing downtrend bounced from the lines.

 

1522652120-42a68b4bfa2f0515dfbaa054e9dba

 

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NZD/USD Daily analytics

07:10 02.04.2018

Recommendation:

 

BUY 0.7275 SL 0.7220 TP1 0.7375 TP2 0.7395 TP3 0.7475

 

SELL 0.7170 SL 0.7225 TP1 0.7075 TP2 0.6965 TP3 0.6780

 

On the daily chart of NZD/USD, the fourth attempt of bears to conquer support at 0.7185 was a failure. As a result, bulls got a chance to counterattack. The first thing for that is to get the pair out of the downtrend channel.  

 

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On H1, NZD/USD formed a “Widening wedge”. A break of resistance at 0.7270-0.7275 will open the pair way to the upside. On the other hand, to continue the declines bears need to pull the pair below 0.7170.

 

1522652953-3696dc2326705fd45dfa7b732beb8

 

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