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Forex Signals Daily for : EUR/USD GBP/USD USD/CHF GBP/CHf GBP/JPY USD/JPY EUR/JPY - page 23

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EUR/USD: BEARISH "THREE METHODS" PATTERN
11:51 08.02.2018



There's a bearish "Three Methods" pattern, which has been formed under the Moving Averages. So, the market is likely going to continue moving down in the short term.



The upper "Window" has acted as resistance, so there's a "Shooting Star" pattern. In this case, the pair is likely going to test the nearest support area pretty soon.
USD/JPY: THERE ISN'T ANY REVERSAL PATTERN
06:25 09.02.2018



The price is consolidating between two "Windows". Also, there's no any reversal pattern so far. Therefore, the pair is likely going to test the next support area.



There isn't any reversal pattern, cause all the last candles are bearish. So, the market is likely going to test. In this case, bears will probably try to achieve the nearest support area.

USD/JPY: "HIGH WAVE" PATTERN
10:40 12.02.2018



The price has reached the lower "Window" once again, so we've got a pullback from this area. Therefore, the market is likely going to test the upper "Window" and the Moving Averages.



There's a "High Wave" pattern, which has been confirmed. So, the pair is likely going to test the Moving Averages, which could be a departure point for another bearish price movement.
GBP/USD: POUND IN NEGATIVE AREA
06:02 13.02.2018

Technical levels: support – 1.3770; resistance – 1.3870.

Trade recommendations:

Sell — 1.3860/70; SL — 1.3900; TP1 — 1.3770; TP2 — 1.3680.
Reason: bearish Ichimoku Cloud with horizontal Senkou Span A and B; a new dead cross of Tenkan-sen and Kijun-sen; the prices are entered into negative area.

USDJPY H1 Chart USDJPY, H1, 2018.02.13 11:59 UTC, RoboForex (CY) Ltd., MetaTrader 4, Real
XAU/USD: GOLD IS IN THE DEAD ZONE
07:19 13.02.2018

Recommendation:

SELL $1,3320 SL $1,3470 TP1 $1,3060 TP2 $1,2920 TP3 $1,2730

SELL $1,3430 SL $1,3580 TP1 $1,3060 TP2 $1,2920 TP3 $1,2730

On the daily chart of XAU/USD, bulls manage to hold off an enemy attack at the $1,306-1,308.50 support. Another test of this area in case of success will increase the possibility of a pullback to $1273 and lower. The condition necessary for the uptrend’s resumption is a convincing break of resistance at $1350 an ounce.


On H1, much will depend on bulls’ ability to lead the pair outside of descending channel.

Nice tips!

Keep up to good work!

GBP/USD: BEARISH "PENNANT"
10:19 14.02.2018



There's a bearish "Pennant", so the pair is likely going to achieve the nearest support at 1.3741. Meanwhile, if a pullback from this level happens afterwards, bulls will probably try to reach the next resistance at 1.3895 - 1.3944.



The market is consolidating between the Moving Averages. The main intraday target is the closest support at 1.3763 - 1.3741. This area could be a departure point for a bullish price movement in the direction of another resistance at 1.3895 - 1.3944.

EUR/USD: "TRIPLE BOTTOM" PATTERN
10:17 14.02.2018



The main trend is still bullish. Also, there's a "Triple Bottom" pattern, which has been confirmed. So, the market is likely going to test the nearest resistance at 1.2405 - 1.2434 in the short term.



There's a confirmed "Double Top" pattern, so the market is likely going to reach the 89 Moving Average in the coming hours. If a pullback from this line happens little later on, there'll be an opportunity to have another upward price movement.

USD/JPY: YEN CRASHES OBSTACLES
07:00 15.02.2018

Recommendation:

SELL 107.40 SL 107.95 TP1 106.40 TP2 105.35 TP3 102.80

SELL 108.05 SL 108.60 TP1 107.00 TP2 106.4 TP3 105.35

On the daily chart, USD/JPY bears managed to lead the pair out of the long-term consolidation range of 107.35-115.35. As a result, it triggered AB=CD pattern with targets at 127.2% and 161.8%.


On the daily chart, bears are in total control of the pair. In such conditions, pullbacks should be used for selling. The nearest resistance levels are at 107.30-107.45, 107.90-108.05 and 108.40-108.50.


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