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04-14-2017, 04:00 AM
NZD/USD: kiwi came to the Rubicon
On the NZD/USD daily chart, quotes are moving within the downward trading channel. A break of its upper border can lead to the correction towards 0.707 and higher. In contrast, if the "bears" manage to keep the New Zealand dollar below the psychologically important level of 0.7, it might lead to the continuation of the downward movement and implementation of the 113% and 161.8% targets in the Shark and AB = CD patterns.
On the NZD/USD hourly chart, the further downward movement will depend on whether sellers manage to return quotes to within the borders of the downward trading channel. The drop of the pair below 0.697 can lead to the restoration of the downward trend.
04-17-2017, 01:32 AM
GBP/USD: pound is a bit cramped on the ledge
On the GBP/USD daily chart, the realization of "Splash and ledge" pattern on the basis of 1-2-3 continues. If quotes go beyond the consolidation range 1.237-1.258 it will be a signal for the opening positions. Resistances at 1.256-1.2575 corresponds to the upper boundary of the triangle. The breakout will increase the risk of continuation of the rally towards 1.273 and 1.277.
On the GBP/USD hourly chart, an expanding wedge pattern can be formed. For this to happen, bears need to return quotes to 1.236. A successful test of the support at 1.2495 can lead to the development of consolidation followed by the move of quotes to downsides.
SELL 1,2495 SL 1,255 TP 1,236,
BUY 1,2575 SL 1,252 TP 1,273.
04-17-2017, 01:44 AM
EUR/USD: "Double Top" still pushing price lower
The main trend is still bearish. The price faced a support at 1.0600, so there’s a developing upward correction. Nevertheless, the market is likely going to reach the next support at 1.0571 in the short term. If a pullback from this level happens, we should keep an eye on the nearest resistance at 1.0655 as an intraday bullish target.
The price is testing the downtrend, which is likely going to be broken in the coming hours. So, the main intraday target is a support at 1.0588 – 1.0578. If we see a pullback from these levels, bulls will probably try to achieve the closest resistance at 1.0594 – 1.0655.
04-18-2017, 01:35 AM
USD/JPY: yen returned to the convergence zone
On the USD/JPY daily, the quotes reached the lower border of the downward trading channel, but, then, they returned 108.8. There is a target 161.8% in AB = CD and 50% correction level from the last long-term upward wave. The further movement of the pair will depend on the test of this level.
On the USD/JPY hourly chart, the rise of quotes above the corrective high at 109.45 will activate the "Shark" pattern. Its 113% target is located in the area of 110.05-110.1. There is the upper border of the descending channel. Big sellers might be very active near the resistance at 110.25.
04-18-2017, 01:49 AM
USD/CHF: franc is at a crossroads
On the USD/CHF daily chart bears managed to return quotes to the important support at 1.004. Breakout of the lower border of the upward trading channel can lead to the correction. The bulls don't lose hopes for the implementation of the targets in the Wolf Waves and Shark patterns. To implement them, they need to update April high.
On the USD/CHF hourly chart, quotes went beyond the rising trading channel and formed a downward triangle. A successful test of its lower border can lead to the development of correction towards 0.995.
SELL 1,001 SL 1,0065 TP 0,995,
BUY 1,0085 SL 1,003 TP 1,02.
04-19-2017, 01:05 AM
EUR/USD: euro tested SSBs resistance
Technical levels: support 1.0660, 1.0680; resistance 1.0740.
1. Buy 1.0680; SL 1.0660; TP1 1.0740; TP2 1.0790.
Reason: narrowing bearish Ichimoku Cloud with rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen; the prices are tested the resistance if upper border of the Cloud.
04-19-2017, 01:41 AM
AUD/USD: Aussie chooses south
On the AUD/USD daily chart, the failure of the bulls to test the resistance at 0.7612 was a signal of their weakness. Quotes returned to support at 0.7523. If it is tested successfully, targets 127.2% and 161.8% in the "Crab" pattern will likely be implemented.
On the AUD/USD hourly chart, quotes are moving within the downward trading channel. The bears remain their control over the pair. Positions of big buyers are located near the 0.7515 and 0.7485 marks. If the levels are tested successfully, the sellers might count on the restoration of the downtrend.
04-20-2017, 03:17 AM
USD/JPY: Dollar in consolidation to Cloud
Technical levels: support – 108.70; resistance – 109.20.
1. Sell — 109.20; SL — 109.40; TP1 — 108.70; TP2 — 108.20.
Reason: bearish Ichimoku Cloud with horizontal Senkou Span A and B; a weak golden cross of Tenkan-sen and Kijun-sen; the prices are under pressure of the Cloud.
Last edited by pedagoreng; 04-20-2017 at 03:21 AM.
04-21-2017, 04:11 AM
EUR/USD: breakout SSBs resistance
Technical levels: support 1.0700, 1.0680; resistance 1.0740, 1.0790.
1. Buy 1.0720; SL 1.070; TP1 1.0790; TP2 1.0820.
Reason: narrowing bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, rising Kijun-sen; the prices are breaking out the resistance of SSB; local market is overbought.
04-21-2017, 04:14 AM
NZD/USD: bulls were spooked by their own audacity
On the NZD/USD daily chart, the bulls managed to kick the quotes out of the downward trading channel. But the bears were strong enough not to allow the bulls to move higher. There is a consolidation range within 0.696-0.705 levels. A breakout of its lower border will allow us to count on the implementation of 113% and 161.8% targets in the Crab and AB = CD patterns.
On the NZD/USD hourly chart, the expanding wedge pattern has been formed. A rollback towards 38.2% and 50% levels from the 4-5 wave can be used for opening short positions.
SELL 0,701 SL 0,7065 TP 0,691,
SELL 0,702 SL 0,7075 TP 0,692,
BUY 0,7045 SL 0,699 TP 0,715.
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