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EUR/USD Daily Analytics 12:17 08.03.2018
There's a bearish "High Wave", which has been confirmed. So, the market is likely going to test the 55 Moving Average, which could be a departure point for another upward price movement.
The upper "Window" has acted as resistance, so the price is declining. The main intraday target is the 144 Moving Average. If a pullback from this line happens little later on, there'll be a moment for a bullish price movement.
More:
https://goo.gl/nJzqaK
USD/JPY Daily Analytics 12:18 08.03.2018
The 21 Moving Average is acting as resistance, but there's a "Morning Star" pattern, which has formed at the last low. So, we should keep an eye on the 55 MA, which could be a departure point for another decline.
There's a bullish "Tower" pattern, so the price is likely going to continue moving up. The main intraday target is the upper "Window", which could act as resistance.
More:
https://goo.gl/tkziqc
EUR/USD Daily Analytics 07:21 09.03.2018
Recommendation:
SELL 1.2295
SL 1.2350
TP1 1.2185 TP2 1.2090 TP3 1.1965
On the daily chart of EUR/USD, there’s a “Widening wedge” pattern. The inability of bulls to return the pair inside the uptrend channel pointed at their weakness and increase the risks of correction towards convergence area of 1.2055-1.2090 and 1.1935-1.1965.
On H1, EUR/USD keeps forming a “Widening wedge”. Pullbacks towards 61.8% and 50% of the wave 4-5 allowed to form short positions. To develop correction in that direction, at least to 88.6% target of the “Shark” pattern, the pair needs to break below support at 1.2295.
More;
https://goo.gl/SyWu25
EUR/GBP Daily Analytics 07:49 09.03.2018
Recommendation:
SELL 0.8885
SL 0.894
TP1 0.8825 TP2 0.8795 TP3 0.8745
On the daily chart, EUR/GBP keeps consolidating within “Spike and ledge” on the basis of 1-2-3. Bulls tried to break to its upper border near 0.9015 but were then pulled off to the starting positions. Currently, the pair is fighting for an important level of 38.2% of the bullish medium-term wave.
On H1, EUR/GBP bears got a chance to form the reversal pattern “Widening wedge”. If they use it, the risks of correction towards 50% and 61.8% of the last bullish wave and lower will increase.
More:
https://goo.gl/ZurGFV
EUR/USD Daily Analytics 11:07 09.03.2018
The main trend is still bullish, but there's a confirmed "Double Top" pattern, so the price is declining. The main intraday target is the nearest support at 1.2234 - 1.2205. If a pullback from these levels happens little later on, there'll be an opportunity to have another upward price movement.
All the Moving Averages have been broken, so the price is consolidating. It's likely that the pair is going to test the nearest resistance at 1.2327, which could be a departure point for another decline.
More:
https://goo.gl/MnXQJx
GBP/USD Daily Analytics 11:08 09.03.2018
Moving Averages have acted as resistance, so there's a "Double Top" pattern. Therefore, the market is likely going to test the next support at 1.3763 - 1.3711 in the short term. If a pullback from this area happens little later on, there'll be a moment for a bullish correction.
Bears faced with support at 1.3816, so there's a "Double Bottom" pattern, which has been confirmed. In this case, the pair is likely going to test the nearest Moving Averages, which could act as resistance. If so, we should keep an eye on the closest support at 1.3780 - 1.3754 as the next bearish target.
More:
https://goo.gl/hj9MTz
EUR/USD Daily Analytics 02:40 12.03.2018
El EUR/USD está teniendo una oleada vendedora que le está ayudando a consolidar la acción del precio por debajo de la media móvil de 200 horas. La resistencia de 1.2446 ha ayudado a producir un pullback en este par, que ahora está oscilando alrededor de una zona de demanda entre los niveles Fibonacci de 50% y 65% en 1.2300 y 1.2256 respectivamente.
En caso de que observemos un rebote sobre esa zona, es posible que el par vaya a ponerse en ruta hacia el nivel Fibonacci de -23.6% en 1.2515, en donde podríamos ver las liquidaciones de las órdenes de compra activadas tras haber impactado dicha área de demanda. El RSI se mantiene en territorio negativo, favoreciendo a los osos en el corto plazo.
More:
https://goo.gl/7829bA
GBP/JPY Daily Analytics 02:41 12.03.2018
El GBP/JPY se está recuperando desde el 2 de Marzo en un intento por continuar con el sesgo bajista general. El nivel Fibonacci de 65% en 148.24 continúa brindando una fuerte resistencia en el corto plazo y es posible que veamos una retoma del sesgo bajista para ir hacia el nivel Fibonacci de -23.6% en 143.80.
No obstante, los altos del 9 de Marzo podrían ser fracturados para que el par vuelva a tocar los altos del 26 de Febrero en 150.00, el cual es una fuerte barrera psicológica que podría frenar la avanzada en el GBP/JPY. El RSI se mantiene en territorio positivo, al igual que el MACD, por lo que no se descarta otra extensión alcista.
More:
https://goo.gl/35JYZr
BTC/USD Daily Analytics 02:42 12.03.2018
During the weekend we were able to observe something important for the Bitcoin price action: support. The outlook seemed to be in favor of the bears in the short term, but during the day of March 11, the BTC/USD pair has encountered a strong barrier of buying contention that is causing the Fibonacci level of 65% in 7856 keep intact.
According to the H1 chart, the Parabolic SAR is in favor of the bulls and now we are seeing that the price could break above the Fibonacci level of 38.2% in 9407. If this is achieved, the cryptocurrency could go towards the 11339 resistance; zone that caused a weakening towards the psychological level of 8000.
What do we expect?
According to our forecasts in the short-term, the buy orders could remain active, since the volume is increasing and the MACD indicator is oscillating in positive territory. The next target would be the 200-hour moving average, which, if fractured, could allow gains to the key resistance of 11339. On the other hand, if the Bitcoin breaks below 7856, the pair could fall to the level Fibonacci of 78.6% in 7068.
More:
https://goo.gl/WyQxeP
USD/CHF Daily Analytics 02:43 12.03.2018
USD/CHF remains strong across the board and stays well-consolidated above the 200 SMA at H1 chart. Now, the pair is entering a corrective phase that could allow a leg lower to test the 65% Fibonacci level at 0.9406. Around such area, we can expect a rebound to take place in order to rally towards the next target at the Fibonacci area of -23.6% at 0.9580.
RSI indicator stays in the positive territory, favoring to the bulls in the short-term.
More:
https://goo.gl/LGAWVG
NZD/USD Daily Analytics 07:12 12.03.2018
Recommendations:
BUY 0.7430
SL 0.7375
TP1 0.753 TP2 0.756 TP3 0.763
On the daily chart NZD/USD, a consolidation of 0.7185-0.743 is continuing within the “Broadening wedge” pattern. A return of the pair to the uptrend channel, a break of the resistance at 0.743 and 0.7475 will predetermine the recovery of the uptrend.
A
On the H1, the pair has almost reached the 88.6% target of the “Bat” pattern. After the implementation of the pattern, it will transform into the “Crab” pattern. NZD/USD will continue to move within the “Dragon” pattern.
More:
https://goo.gl/Pe2J9J
EUR/USD Daily Analytics 07:25 12.03.2018
Technical levels: support – 1.2260; resistance – 1.2350.
Trade recommendations:
Sell — 1.2300; SL — 1.2320; TP1 — 1.2200; TP2 — 1.2160
Buy — 1.2360; SL — 1.2340; TP1 — 1.2450; TP2 — 1.2480
Reason: narrow bullish Ichimoku Cloud with horizontal Senkou Span A and B; a cancelled golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices returned into the Cloud and supported by Cenkou Span A.
More:
https://goo.gl/uyhPr5
GBP/USD Daily Analytics 07:26 12.03.2018
Technical levels: support – 1.3760; resistance – 1.3860.
Trade recommendations:
Sell — 1.3840; SL — 1.3860; TP1 — 1.3760; TP2 — 1.3710.
Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen; the prices are supported by Senkou Span A but the Bears looks strong.
More:
https://goo.gl/pwhrgC
AUD/USD Daily Analytics 07:07 12.03.2018
Recommendation:
BUY 0.7885
SL 0.7830
TP1 0.7985 TP2 0.8050 TP3 0.8100
On the daily chart of AUD/USD, a break of the line 2-4 and exit from the downtrend channel triggered “Wolfe waves” pattern. As a result, the odds of going to 1-4 (situated near 0.8050-0.8100) with the following resumption of the uptrend increased.
On H1, AUD/USD reached 88.6% target of the “Bat”. As a result, the risks that it will transform to “Crab” increased. The pair continues forming a “Dragon” pattern.
More:
https://goo.gl/YXRt9D
EUR/USD Daily Analytics 09:26 12.03.2018
The main trend is still bullish. There's a confirmed "Thorn" pattern, so the market is likely going to test the next resistance at 1.2384 - 1.2445. If a pullback from this area happens little later on, there'll be an opportunity to have a decline towards the nearest support at 1.2359 - 1.2319.
There's a consolidation, which is taking place under the Moving Averages. It's likely that the pair is going to test the closest support at 1.2301 - 1.2283, which could be a departure point for another upward price movement.
More:
https://goo.gl/DwZS4J
GBP/USD Daily Analytics 09:28 12.03.2018
There's a local "V-Bottom" pattern, so the price is testing Moving Averages. The main intraday target is the nearest resistance at 1.3915. If a pullback from this level happens afterwards, bears will probably try to achieve another support at 1.3856 - 1.3799.
All the Moving Averages have been broken, so the market is likely going to test the next resistance at 1.3918 - 1.3928 in the short term. Meanwhile, if we see a pullback from this area, there'll be a moment for a decline in the direction of the nearest support at 1.3845 - 1.3816.
More:
https://goo.gl/NRKtt2
EUR/USD Daily Analytics 12:48 12.03.2018
The price is consolidating under the Moving Averages. Also, there's a "Shooting Star" pattern, so the market is likely going to test the nearest support area, which could be a departure point for an upward price movement.
The 55 Moving Average acted as resistance, so there's a "Hanging Man" pattern, which has been confirmed. Therefore, the lower "Window" is likely going to act as support in the coming hours.
More:
https://goo.gl/bmeDcJ
USD/JPY Daily Analytics 12:50 12.03.2018
The price is consolidating between the Moving Averages. At the same time, there's a bullish "Hammer", so the pair is likely going to test the next resistance area in the short term.
There's an "Engulfing" pattern, which has been formed on the 55 & 89 Moving Averages. In this case, the market is likely going to test the upper "Window" anytime soon.
More:
https://goo.gl/bchd62
AUD/USD Daily Analytics 07:46 13.03.2018
Technical levels: support – 0.7850; resistance – 0.7910
Trade recommendations:
Buy — 0.7850; SL — 0.7830; TP1 — 0.7910; TP2 — 0.7940.
Reason: narrowing bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising lines; the prices are above the support of Senkou Span B.
More:
https://goo.gl/NRNKnd
USD/JPY Daily Analytics 07:48 13.03.2018
Technical levels: support – 106.25; resistance – 107.00.
Trade recommendations:
Buy — 106.60; SL — 106.40; TP1 — 107.40; TP2 — 107.80.
Reason: narrowing bearish Ichimoku Cloud with falling Senkou Span B; a golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen; the market is supported by Kijun-sen and the prices rising to Senkou Span B.
More:
https://goo.gl/oyq6ah
XAU/USD Daily Analytics 08:01 13.03.2018
Recommendation:
BUY 1332
SL 1317
TP1 1362 TP2 1385 TP3 1400
On the daily chart of XAU/USD, bulls are trying to keep the pair inside the uptrend channel and don’t lose hope for reaching 127.2% and 161.8% targets of AB=CD. On the other hand, a break below $1302 will increase the risk of correction to 88.6% of the “Bat” pattern.
On H1, the “Shark” pattern is transforming into 5-0. A successful test of resistance at 1331-1332 will allow bulls to make another step towards the uptrend’s resumption.
More:
https://goo.gl/3Fq6Hj
USD/CAD Daily Analytics 09:13 13.03.2018
Recommendation:
BUY 1.2710 SL 1.2655 TP1 1.2810 TP2 1.2910 TP3 1.3100
BUY 1.2960 SL 1.2905 TP1 1.3060 TP2 1.3100
On the daily chart of USD/CAD, the “Shark” is transforming into 5-0. Pullbacks from 23.6%, 38.2% and 50% of the wave CD are usually used for formation of long positions. One of the bullish targets may lie at 127.2% of AB=CD pattern.
On H1, USD/CAD keeps forming “Spike and reversal with acceleration”. The necessary condition for the uptrend’s resumption is a break above resistance at 1.2960.
More:
https://goo.gl/MCw3F4
EUR/USD Daily Analytics 11:32 13.03.2018
The main trend is still bullish, but there's a developing "Pennant", so the market is likely going to test the nearest support at 1.2275 - 1.2234. If a pullback from this area happens little later on, there'll be a moment for another upward price movement.
The pair is moving up and down in a range of the possible "Pennant" pattern, which hasn't been finished yet. So, the price is likely going to test the next resistance at 1.2345 - 1.2364, which could be a departure point for a decline.
More:
https://goo.gl/vDC9tj
GBP/USD Daily Analytics 11:34 13.03.2018
Bulls faced with resistance at 1.3928, so there's a "V-Top" pattern, so the market is likely going to test the closest support at 1.3840. Meanwhile, if a pullback from this level forms afterwards, there'll be an opportunity to have an upward price movement in the direction of the next resistance at 1.3928.
There's a "Double Top" pattern, but the pair found support at 1.3876, so we could have a bullish price movement towards the nearest resistance at 1.3918 - 1.3928. These levels could be a starting point for another decline.
More:
https://goo.gl/CJUz9V
EUR/USD Daily Analytics 11:45 13.03.2018
The market is consolidating along the Moving Averages. Also, there's a "Shooting Star" pattern, so the pair is likely going to test the nearest support, which could be a departure point for a bullish price moment in the direction of the next resistance area.
There's a bearish "Doji" pattern, which hasn't been confirmed yet. Therefore, the price is likely going to test the closest support during the day. If any bullish pattern forms little later on, there'll be a moment for a local upward price movement.
More:
https://goo.gl/mjUuPJ
USD/JPY Daily analytics 11:47 13.03.2018
The last bullish "Hammer" led to the current upward price movement. There's no any reversal pattern, so we should keep an eye on the 89 Moving Average, which could act as resistance. If so, there'll be time for a bearish correction.
There's no any bearish pattern because all the last candles are bullish. Also, the price has broken the "Window", which acted as resistance many times before. So, it's likely that the pair is going to test this "Window", which could act as support this time.
More:
https://goo.gl/nYq7By
USD/CHF Daily Analytics 06:26 14.03.2018
Recommendation:
SELL 0.9415
SL 0.9470
TP1 0.932 TP2 0.926 TP3 0.9225
On the daily chart of USD/CHF, bulls tried twice to overcome resistance at 0.9475 and both times failed. It points at their weakness and increases the possibility of the pair’s decline below the lower border of the uptrend channel and further resumption of the downtrend.
On H1, there’s a “Three Indians” pattern. A break of support at 0.9415 and getting outside of the bullish channel will trigger the “Shark” pattern.
More:
https://goo.gl/Ke8X5o
GBP/USD Daily analytics 06:33 14.03.2018
Recommendation:
BUY 1.4070 SL 1.4015 TP1 1.4170 TP2 1.4225 TP2 1.4240
BUY 1.3915 SL 1.3860 TP1 1.4015 TP2 1.4100 TP3 1.4225
On the daily chart, GBP/USD «bulls managed to lead the pair outside of the downtrend channel and trigger the “Bat”. Its 88.6% target is at 1.41. After that, the rally may continue towards 88.6% target of the “Shark”.
On H1, the “Wolfe waves” pattern was activated with a target at 1.4240-1.4245. To continue the rally, bulls need to overcome resistance at 1.4070.
More;
https://goo.gl/rLxzUs
EUR/USD Daily Analytics 06:58 14.03.2018
Technical levels: support – 1.2380; resistance – 1.2450.
Trade recommendations:
Buy — 1.2380; SL — 1.2360; TP1 — 1.2480; TP2 — 1.2520
Reason: narrow bullish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal lines and narrowing channel Tenkan-Kijun; the prices returned to the positive area and may continue uptrend.
More:
https://goo.gl/Wyy3zh
GBP/USD Daily Analytics 06:59 14.03.2018
Technical levels: support – 1.3930; resistance – 1.4010.
Trade recommendations:
Buy — 1.3940; SL — 1.3920; TP1 — 1.4010; TP2 — 1.4070.
Reason: narrowing bearish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen; the prices returned to the positive area and the Bulls looks strong to continue market’s growing.
More:
https://goo.gl/jWQwzb
AUD/USD Daily analytics 07:28 15.03.2018
Technical levels: support – 0.7850; resistance – 0.7910, 0.7940
Trade recommendations:
Buy — 0.7850; SL — 0.7830; TP1 — 0.7910; TP2 — 0.7940.
Sell — 0.7830; SL — 0.7850; TP1 — 0.7780; TP2 — 0.7740.
Reason: expanding bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising Kijun-sen; the prices in a correction to the Cloud and the market needs Cloud’s support.
More:
https://goo.gl/DxC5tJ
USD/JPY Daily Analytics 07:29 15.03.2018
Technical levels: support – 105.80; resistance – 106.25.
Trade recommendations:
Sell — 106.25; SL — 106.45; TP1 — 105.50; TP2 — 105.00.
Reason: bearish Ichimoku Cloud with falling Senkou Span A and B; a cancelled golden cross of Tenkan-sen and Kijun-sen with the falling lines; the prices entered into the negative area and may continue the downtrend.
More:
https://goo.gl/HrH9dE
EUR/JPY Daily Analytics 07:33 15.03.2018
Recommendation:
SELL 130.90
SL 131.45
TP1 129.65 TP2 128.95
On the daily chart of EUR/JPY, the “Shark” pattern is transforming into 5-0. A pullback from resistance at 132.2-132.5 (38.2% of the wave CD) allowed to form short positions. If bears manage to keep the pair below 131.25, the risks of the decline’s continuation will increase.
On H1, the inability of bulls to push the pair above 132.00 points at their weakness. A break of support at 130.9-130.95 will create the ground for the decline to 88.6% and 113% targets of the “Shark”.
More:
https://goo.gl/W8hY5x
USD/JPY Daily Analytics 07:38 15.03.2018
Recommendation:
SELL 106.4
SL 106.95
TP1 105.4 TP2 105 TP3 102.8
On the daily chart of USD/JPY, bears managed to keep the pair inside the downtrend channel. The downtrend is sustainable. The pair keeps declining towards 161.8% target of AB=CD.
On H1, USD/JPY reached the targets of “Three Indians”. If the pair reaches 88.6% of the “Shark” pattern will increase the risks of the decline towards 23.6%, 38.2% and 50% of the wave CD. The correction will allow forming short positions.
More:
https://goo.gl/Gy47rU
EUR/USD Daily Analytics 07:21 16.03.2018
Technical levels: support – 1.2290; resistance – 1.2360.
Trade recommendations:
Buy — 1.2380; SL — 1.2360; TP1 — 1.2480; TP2 — 1.2520
Sell — 1.2280; SL — 1.2300; TP1 — 1.2210; TP2 — 1.2130
Reason: narrow bearish Ichimoku Cloud with falling Senkou Span A and B; a new dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen; the prices are fell down into the negative area.
More:
https://goo.gl/2M8yR6
GBP/USD Daily analytics 07:22 16.03.2018
Technical levels: support – 1.3930; resistance – 1.4010.
Trade recommendations:
Buy — 1.3960; SL — 1.3930; TP1 — 1.4010; TP2 — 1.4070.
Sell — 1.3920; SL — 1.3940; TP1 — 1.3850; TP2 — 1.3760.
Reason: expanding bullish Ichimoku Cloud, but falling Senkou Span B(!); a golden cross of Tenkan-sen and Kijun-sen; the market supported by Cloud, but the Bulls can’t continue an existing uptrend.
More:
https://goo.gl/oUq8XD
EUR/USD Daily Analytics 08:59 16.03.2018
Recommendation:
SELL 1.2250
SL 1.2305
TP1 1.2150 TP2 1.2080 TP3 1.1960
On the daily chart, EUR/USD keeps forming a «Widening wedge”. The inability of bulls to hold to 1.2307-1.2320 will point at their weakness and open the way down towards 127.2% target of AB=CD.
On H1, EUR/USD bears are ready to test the support at 1.2275. Success will allow them to trigger the “Crab” pattern with a target at 161.8%. Conservative approach means selling at 23.6% of the wave 4-5 of the widening wedge pattern.
More:
https://goo.gl/gBnsB9
EUR/GBP Daily Analytics 09:45 16.03.2018
Recommendation:
SELL 0.8820
SL 0.8875
TP1 0.8745 TP2 0.8715
On the daily chart, EUR/GBP keeps consolidating in line with the “Spike and ledge” pattern on the basis of 1-2-3. The attempt of the bulls to hold at 0.8925 targeting 161.8% of the junior AB=CD failed. As a result, bears seized the initiative.
On H1, EUR/GBP reached the target of the “Widening wedge”. A break of support at 0.8820 will increase the risks of a “Shark” pattern with a target at 88.6%. The nearest resistance is near 0.8875.
More:
https://goo.gl/qHVk5i
EUR/USD Daily Analytics 12:56 16.03.2018
The main trend is still bullish. The 89 Moving Average has acted as support, so there's a "V-Bottom" pattern. It's likely that the market is going to test the next resistance at 1.2346 - 1.2359 in the short term. If a pullback from these levels happens afterwards, there'll be a moment for a bearish correction.
Bears faced with resistance at 1.2290, so there's a "Thorn" pattern. In this case, we should keep an eye on the Moving Averages as the nearest bullish target. A pullback from these lines could be a departure point for another decline.
More:
https://goo.gl/u3k3Zb
GBP/USD Daily Analytics 12:58 16.03.2018
There's a bullish "Flag" pattern, so the pair is likely going to reach the next resistance at 1.3996 - 1.4069. However, if we have a pullback from these levels, there'll be a moment for a downward price movement towards the nearest support at 1.3928.
The price is consolidating above the Moving Averages. The main intraday target is the closest resistance at 1.3995 - 1.4023. If a pullback from this area happens little later on, bears will probably try to test the nearest support at 1.3928 - 1.3910.
More:
https://goo.gl/kTig5K
EUR/USD Daily Analytics 13:20 16.03.2018
There's a "Morning Star" pattern, which has been confirmed. Therefore, the 21 Moving Average is likely going to at as resistance, which could be a starting point for another decline.
The price has been declining since the last "Tweezers" pattern was formed. If the Moving Averages act as resistance, the market is likely going to test the lower "Window"
More:
https://goo.gl/MBiLUX
USD/JPY Daily analytics 13:22 16.03.2018
The price is declining under the Moving Averages. The main intraday target is the lower "Window". If a pullback from this level happens, there'll be a moment for an upward correction.
The last "Shooting Star" pattern led to the current decline. However, if any reversal pattern forms, there'll be an opportunity to have a bullish correction towards the Moving Averages.
More:
https://goo.gl/djnNPd
NZD/USD Daily Analytics 06:42 19.03.2018
Recommendation:
SELL 0.7280 SL 0.7335 TP 0.718
SELL 0.7185 SL 0.7240 TP 0.7080
On the daily chart of NZD/USD, the inability of bulls to return the pair inside the uptrend channel points at their weakness. Kiwi approached the lower border of the 0.7185-0.7430 consolidation range. In case of the successful test of the support, the risks of decline to 0.7080 will increase.
On H1, the fact that NZD/USD reached the interim target at 78.6% of the “Shark” pattern increases the odds of its transformation into 5-0. Pullbacks to 38.2% and 50% of the wave CD should be used for selling.
More:
https://goo.gl/veBPty
AUD/USD Daily analytics 06:50 19.03.2018
Recommendation:
SELL 0.774
SL 0.7795
TP1 0.766 TP2 0.7635 TP3 0.757
On the daily chart of AUD/USD, the inability of bulls to rise above resistance near 0.79 was the first signal of their weakness. The return of the pair inside the downtrend and their exit from the downside channel means that bears seized the initiative.
On H1, the closeness of 113% target of the “Shark” increases the odds of consolidation. Bears are in control of the situation, so the pullbacks may be used for selling.
More:
https://goo.gl/uwB59q
EUR/USD Daily analytics 07:40 19.03.2018
Technical levels: support – 1.2260, 1.2210; resistance – 1.2300.
Trade recommendations:
Sell — 1.2280; SL — 1.2300; TP1 — 1.2210; TP2 — 1.2130
Reason: narrowing irregular bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen; the market are in the negative area and made the new lows.
More:
https://goo.gl/LzeMxV
GBP/USD Daily Analytics 07:41 19.03.2018
Technical levels: support – 1.3890; resistance – 1.3940, 1.4010.
Trade recommendations:
Buy — 1.3950; SL — 1.3930; TP1 — 1.4010; TP2 — 1.4070.
Reason: bullish Ichimoku Cloud with horizontal Senkou Span A and B; a cancelled golden cross of Tenkan-sen and Kijun-sen, the lines are horizontal; the market is still on the support of the Cloud.
More:
https://goo.gl/D1ai5a
GBP/USD Daily Analytics 10:56 19.03.2018
There's a bullish "Flag", so the market is likely going to test the next resistance at 1.3996 - 1.4069. This area could be a starting point for a decline towards another support at 1.3928 - 1.3888.
The price is still consolidating in a range of the developing "Flag" pattern. Also, there's a pullback from the Moving Averages, so the pair is likely going to test the closest resistance at 1.3996 - 1.4023 in the short term.
More:
https://goo.gl/joz4TP
EUR/USD Daily Analytics 10:58 19.03.2018
The main trend is still bullish, but there's a "V-Bottom" pattern, so the market is likely going to test the Moving Averages. If a pullback from these lines happens little later on, there'll be a moment for another decline.
There're two "V-Bottom" patterns in a row, so it's time for a bullish correction. The main intraday target is the nearest resistance area at 1.2313, which could be a departure point for a decline in the direction of the next support at 1.2254 - 1.2233.
More:
https://goo.gl/rDDTZk
USD/CAD Daily Analytics 06:54 20.03.2018
Recommendation:
BUY 1.2960
SL 1.2905
TP1 1.3060 TP2 1.3250 TP3 1.3350
On the daily chart of USD/CAD, the pair reached 113% and 127.2% targets of “Shark” and AB=CD. This increases the risk of a correction. At the same time, as long as the pair remains above 1.2915, bulls are in total control of the situation.
On H1, there’s a sustainable uptrend. The pair’s confidently moving towards 161.8% target of AB=CD. In case of a pullback with the following recovery from support levels at 1.3000 and 1.2960, traders will have a chance to open long positions.
More:
https://goo.gl/ECB3D5
XAU/USD Daily Analytics 07:15 20.03.2018
Recommendations:
BUY 1302
SL 1287
TP1 1.332 TP2 1340 TP3 1365
On the daily chart of XAU/USD, there is consolidation in the range of 1302-1340 within the “Spike and ledge” pattern on the base of 1-2-3. A break of the bottom line will increase risks of decline to the 88.6% target of the “Bat” pattern. Vice versa, a successful hit of the resistance at 1340 may lead to a recovery of the uptrend.
On H1, a realization of “Head and shoulders” and AB=CD patterns is continuing. If the pair reaches the 161.8% target of the AB=CD pattern, reversal risks will increase.
More:
https://goo.gl/Txae7V
AUD/USD Daily Analytics 07:20 20.03.2018
Technical levels: support – 0.7690; resistance – 0.7740, 0.7780
Trade recommendations:
Buy — 0.7700; SL — 0.7680; TP1 — 0.7740; TP2 — 0.7780.
Reason: bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen; the market is oversold and aussie may go to Tenkan-sen in correctional movement.
More:
https://goo.gl/nbMcDv
USD/JPY Daily Analytics 07:22 20.03.2018
Technical levels: support – 105.80; resistance – 106.25.
Trade recommendations:
Buy — 106.30; SL — 106.10; TP1 — 107.50; TP2 — 107.80.
Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but narrowing channel of Tenkan-Kijun; the market is breaking out the resistance of Tenkan-sen and Kijun-sen.
More:
https://goo.gl/E7WTEF
EUR/USD Daily Analytics 12:13 20.03.2018
There're bearish patterns such a "Tower" and a "Shooting Star", which both have been confirmed. So, the market is likely going to test the 144 Moving Average, which could be a departure point for another bullish price movement.
The last bearish "High Wave" pattern led to the current decline. It's likely that the pair is going to test the next support area in the short term. If any reversal pattern forms afterwards, bulls will probably try to deliver an upward price movement.
More:
https://goo.gl/dH88Xq
USD/JPY Daily Analytics 12:15 20.03.2018
The pair has been rising since the last "Engulfing" pattern formed. The main target is the 89 Moving Average. If a pullback from this line happens little later on, there'll be a moment for another decline.
There's a bearish "High Wave" pattern, which hasn't been confirmed yet. So, if a pullback from the Moving Averages happens, bulls are likely going to test the upper "Window".
More:
https://goo.gl/ncX2VK
USD/CHF Daily Analytics 06:49 21.03.2018
Recommendation:
BUY 0.9520
SL 0.9465
TP1 0.9620 TP2 0.9720 TP3 0.9770
On the daily chart of USD/CHF, bulls managed to settle above an important level of 0.9510. This indicates their strength and allows to expect an advance to 88.6% target of the “Shark” pattern. To begin with, however, the pair needs to get out of the descending channel.
On H1, there’s a sustainable uptrend. Pullbacks to support at 0.9520 and 0.9480 should be used for buying with targets at 161.8% and 200% of AB=CD.
More:
https://goo.gl/irW7yv
GBP/USD Daily Analytics 07:31 21.03.2018
Recommendations:
BUY 1.4065
SL 1.401
TP1 1.4165 TP2 1.4225
On the daily chart of GBP/USD, there was a natural pullback after the pair reached the 88.6% target of the subsidiary “Shark” pattern. An inside bar was formed. A break of the resistance at 1.4065 will increase risks of the rally’s continuation to the 88.6% target of the parent “Shark” pattern.
On H1, the formation of the reversal “Three Indians” pattern endangered the implementation of “Wolfe Waves” and “Shark” patterns. To continue the uptrend, bulls need to break the resistance at 1.4065.
More:
https://goo.gl/urPabh
EUR/USD Daily Analytics 14:27 21.03.2018
There's a bullish "Harami", which has been confirmed, so the market is likely going to test the Moving Averages soon. If a pullback from these lines happens little later on, there'll be an opportunity to have another decline.
We've got a bearish "High Wave", so the pair is likely going to test the lower "Window" once again. A pullback from this level will be a departure point for an upward price movement towards the Moving Averages.
More:
https://goo.gl/ndmi4T
USD/JPY Daily Analytics 14:28 21.03.2018
There's a "Shooting Star" pattern, which has been formed on the 55 Moving Average, so we're likely going to have a local bearish correction. Nevertheless, bulls will probably try to test the 89 MA afterwards.
The price is consolidating along the Moving Averages. It's likely that bears are going to test the nearest support once again. If we have another pullback from this level, there'll be a moment to have an upward price movement in the direction of the upper "Window".
More:
https://goo.gl/2YPszj
EUR/USD Daily Analytics 01:03 22.03.2018
The last "Double Bottom" led to the current upward price movement. It's likely to have a local bearish correction during the day. The main intraday target is the next resistance at 1.2383 - 1.2396.
More:
https://goo.gl/fFSZ5D
GBP/USD Daily Analytics 01:05 22.03.2018
The last bullish "Flag" pushed the price higher. It's likely that the pair is going to continue moving up in the direction of another resistance at 1.4144 - 1.4277.
Bulls faced with resistance at 1.4144, so the price is consolidating. The nearest support at 1.4087 - 1.4069 could be a departure point for an upward price movement.
More:
https://goo.gl/KhM7Ar
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