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Thread: ForexPeoples Daily Technical Analysis for The Majors (4 Pair Forex)

  1. #4401
    riki143 is offline Senior Member
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    USD/CAD: SHARK PATTERN
    11:29 17.07.2017

    On the daily chart, USD/CAD has caught up with the convergence area of 1.2690-1.2620. Here we find the target of the “Shark” pattern. If bulls manage to protect these levels, the possibility of consolidation in the 1.2590-1.2780 area will increase. On the other hand, the quick break will allow bears to go down, towards 1.245-1.2460.



    On H1, large players formed two areas of shorts accumulation: 1.2720-1.2765 and 1.2865-1.3010. Without successful tests of these levels the development of the correction is not possible.



    More:
    https://fbs.com/analytics/articles/u..._pattern__2250

  2. #4402
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    EUR/USD: ENDING DIAGONAL PATTERN
    12:55 17.07.2017



    It seems like wave (E) of [B] is about to end, which means a bullish impulse in wave C of (E) is going to finish soon. If we have a pullback from 7/8 MM Level, there'll be an opportunity to have a downward price movement towards 6/8 MM Level.



    There's a possible ending diagonal pattern in wave [v] of C. Wave (v) of [v] is likely going to be continued, so we could have a new local high in the short term.



    As we can see on the one-hour chart, wave (v) of [v] is taking the form of a zigzag. So, we're likely going to have another bullish impulse in wave c of (v). The main intraday target is +1/8 MM Level.

    More:
    https://fbs.com/analytics/articles/e...l_pattern_2251

  3. #4403
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    EUR/USD: BULLISH "TWEEZERS" PATTERN
    14:31 17.07.2017



    The last bullish "Tweezers" pattern has been confirmed. However, there's a bearish "Dark Cloud", so we could have a local downward correction. Anyway, the market is likely going to continue falling down afterwards until any reversal pattern forms.



    The 34 Moving Average has acted as support, so there's a bullish "Harami", which has been confirmed. Therefore, we're likely going to have a new local high during the day.

    More:
    https://fbs.com/analytics/articles/e...2_pattern_2252

  4. #4404
    riki143 is offline Senior Member
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    GBP/USD: 55 MA ACTING AS RESISTANCE
    14:35 17.07.2017



    The price is consolidating along the "Window". The 55 Moving Average is acting as resistance. In this case, the pair is likely going to achieve the 144 MA in the short term.



    There's a bearish "High Wave", which has been confirmed enough. So, the market is likely going to test the lower "Window". If any bullish pattern arrives afterwards, we could have an upward price movement towards the Moving Averages.

    More:
    https://fbs.com/analytics/articles/g...esistance_2253

  5. #4405
    riki143 is offline Senior Member
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    EUR/USD: OUTLOOK IS BULLISH
    09:47 18.07.2017

    Recommendation:

    BUY 1.1480

    SL 1.1425

    TP1 1.1600 TP2 1.1800.

    On the daily chart, bulls managed to break above resistance at 1.1472-1.1480. This put the longer-term bearish trend to an end. Resistance became support, “Bat” pattern turned into “Crab” with interim target of 127.2% at 1.1800.



    On H1, EUR/USD is trading within the bullish channel. Bulls are in control. Buy on any pullbacks to the downside.



    More:
    https://fbs.com/analytics/articles/e...s_bullish_2265

  6. #4406
    riki143 is offline Senior Member
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    USD/CHF: FRANC IS FALLING DOWN
    10:03 18.07.2017

    Recommendation:

    SELL 0.9600

    SL 0.9655

    TP1 0.9500

    TP2 0.9390

    On the daily chart, bears are trying to resume the downtrend. If they manage to get below June low, the possibility of the decline to 127.2% and 224% targets of “Crab” and AB=CD patterns will significantly increase.

    [IMG]https://fbs.com/img/articles/2266/1500361251-aeb1743ff7150c0c8f644c6feca11e8f_1200x1200_q90.png[/RIMG]

    On H1, USD/CHF formed “Three Indians” pattern. Bears are currently trying to pull the pair outside of 0.9600-0.9690 consolidation range within “Spike and ledge” pattern. Success in this will slow seller to continue the decline.



    More:
    https://fbs.com/analytics/articles/u...ling_down_2266

  7. #4407
    riki143 is offline Senior Member
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    EUR/USD: LOCAL CORRECTION COMING SOON
    10:50 18.07.2017



    Bulls faced resistance at 1.1529, so the market is likely going to test the nearest support at 1.1494 in the short term. If a pullback from this area happens, there'll be an opportunity to have another upward price movement towards the next resistance at 1.1529 - 1.1560.



    The price is consolidating along resistance at 1.1529. If any bearish pattern forms in the coming hours, the pair is likely going to reach the closest support at 1.1494. However, if we see a pullback from this level, bulls will have a green light to achieve another resistance at 1.1529 - 1.1560.

    More:
    https://fbs.com/analytics/articles/e...ming_soon_2269

  8. #4408
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    GBP/USD: LOCAL "V-BOTTOM" PATTERN
    10:56 18.07.2017



    The price faced support at 1.3057, so there's a local "V-Bottom" pattern, which pushed the pair higher. So, the market is likely going to test the next resistance at 1.3137 - 1.3184 soon. At the same time, if a pullback from this area happens, there'll be an option to have a decline in the direction of the nearest support at 1.3047 - 1.3032.



    There's a consolidation, which is taking place near resistance at 1.3116. In this case, bulls are likely going to deliver a new local high, so we should keep an eye on the closest resistance at 1.3137 as an intraday target. Considering a possible pullback from this level, we could have a bearish correction afterwards.

    More:
    https://fbs.com/analytics/articles/g...2_pattern_2270

  9. #4409
    riki143 is offline Senior Member
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    CITI: TRADE IDEA FOR GBP/JPY
    11:17 18.07.2017

    Analysts at Citi recommend buying GBP/JPY at 147.41 with Take Profit at 150.00 with Stop Loss at 145.67.



    More:
    [OURL=https://fbs.com/analytics/articles/citi%3a_trade_idea_for_gbp_jpy_2272]https://fbs.com/analytics/articles/citi%3a_trade_idea_for_gbp_jpy_2272[/URL]

  10. #4410
    riki143 is offline Senior Member
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    EUR/USD: PULLBACK FROM 6/8 MM LEVEL
    12:10 18.07.2017



    It's likely that the current ending diagonal pattern has been formed. Therefore, if the price fixates under 5/8 MM Level, bears are going to deliver an impulse in wave (i). The main intraday target is 3/8 MM Level



    There's a pullback from 6/8 MM Level. So, if the pair comes back to the upper side of the diagonal, there'll be an opportunity to have wave i of (i). In this case, we should keep in mind 4/8 MM Level as the nearest bearish target.

    More:
    https://fbs.com/analytics/articles/e..._mm_level_2287

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