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USD/JPY: FOREX OUTLOOK
08:48 19.03.2018

More:
https://goo.gl/tPnmQY

https://www.youtube.com/watch?v=HM5pKvh0DEI

The yen is appreciating against the greenback again. Despite attempts of the US dollar to return its positions, news from the White House did not let the greenback to recover. Worries about the Trump’s protectionism and trade wars were reinforced by the replacements in the White House. The US President fired the Secretary of State Rex Tillerson and appointed the ex-director of CIA Mike Pompeo to this position. Both economic and political international policy of the US may become tighter. A new White House economic adviser announced a tougher policy in regard to China. Today the dollar weakened further as investors considered the implications of continuing personnel turmoil in the Trump administration. According to the Washington Post, Mr. Trump plans to remove his national security adviser.

Now the pair has come to 61.8 Fibonacci Retracement, if it is able to break it, the next support lies at 105.5.

However, there are chances that the greenback will find the support next week and the direction of USD/JPY will finally change. On next Wednesday we anticipate the US rate’s hike. According to forecasts, the Fed will raise the interest rate to 1.75%. Furthermore, a scandal with Japanese finance minister that is related to the school land sale still puts pressure on the yen. If there is an escalation of the scandal, the yen will weaken. That is not so bad for the Japanese currency because the dollar’s plunge below 105 will be critical for the yen and the Bank of Japan policy.

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GBP/USD: BULLISH "FLAG" PATTERN
10:56 19.03.2018

More:
https://goo.gl/cUVypL

sIe3d1J.png

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.

xZQFXNy.png

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.

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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.

1521528783-1430b06b52ccdf0a9e951da313446

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.  

1521528803-5c726ce87bf89e31cdcfbd4c37b26  

More:
https://goo.gl/ECB3D5

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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.

1521529950-645800f66cec2264dcf59cce4c9ff

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.

1521529981-ee5460ddb0ab759758a13cd2952ea

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https://goo.gl/Txae7V

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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.

1521530381-42a68b4bfa2f0515dfbaa054e9dba

More:
https://goo.gl/nbMcDv

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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.

1521530382-3dcc4d3b0e9d38341d309e86e7227

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https://goo.gl/E7WTEF

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EUR/USD Daily Analytics
12:13 20.03.2018

1521547913-415aa346b737a8bb8c58327009103

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.

1521547913-e98e0440899e954d1fd451448e380

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

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USD/JPY Daily Analytics
12:15 20.03.2018

1521547912-12481b6638d4b5882e427323d2e13

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.

1521547912-0cb1bd00412896e66ef5500ae7d88

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

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USD/JPY: MAIN TARGET IS 89 MA
12:15 20.03.2018

More:
https://goo.gl/tcsdvZ

pOJaIxX.png

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.

8gQDMvY.png

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".

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EUR/USD: BEARISH "HIGH WAVE" PATTERN
12:13 20.03.2018

More:
https://goo.gl/Hij5fh

OIHIVle.png

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.

4CQiFAa.png

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.

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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.

1521614871-a5903a7f3cf43bc4f33886526fd84

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.

1521614885-351a015a31e5fdb2fee97b43bc66a

More:
https://goo.gl/irW7yv

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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.

1521617331-3f1b6eaed077eeb7308bccf1a5b10

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.

1521617355-eaec8f61edb51b022cc992c13c279

More:
https://goo.gl/urPabh

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EUR/USD Daily Analytics
14:27 21.03.2018

1521642357-dabc400092c86db0f655f4b89af7c

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.

1521642356-02142d4086e73d7895f5a79eb64a6

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
 

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USD/JPY Daily Analytics
14:28 21.03.2018

1521642356-91e57ec22256640610f7944860736

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.

1521642356-c40d175f0d3c4104919c4d9c67d0c

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
 

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GBP/USD: THE POUND DREW AN INSIDE BAR
07:31 21.03.2018

More:
https://goo.gl/zKyhLS

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.

LsNlTs6.png

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.

9IUWnSn.png

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USD/CHF: FRANC IS LOSING GROUND
06:49 21.03.2018

More:
https://goo.gl/9EqUge

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.

e0KdSti.png

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.

79qkjHW.png

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GBP/USD Daily Analytics
01:05 22.03.2018

1521680512-4f91912b752716922dc0c8145e657

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.

1521680513-f389f6d10e47220a68772c871367b

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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EUR/USD Daily Analytics
01:09 22.03.2018

1521680907-ca94ca9a45e818c12beecfc855e00

The price has been rising since a "Harami" formed. There's no any reversal pattern, so the market is likely going to test the next resistance area.

1521680906-183d68d8f92efcd06495ff31b6fb9

There's a local bearish "Harami", which hasn't been confirmed yet. It's likely that the market is going to test the Moving Averages, which could be a departure point for another bullish rally.

More:
https://goo.gl/pchCjn

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