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GOLD                        
13:58 02.04.2018
Gold managed to rise today after three days of a significant plunge. In the late Sunday evening, China announced charges on 128 US goods in retaliation to US steel and aluminum tariffs. Charges are in force since today. Trade wars’ tensions increased so the US dollar has continued to weaken giving a green light to gold.

However, gold is suffering from the volatility since the end of January. So does it have real reasons to rise further?

According to Goldman Sachs’s analysts, gold has chances to outperform in the next months. There will be two supportive factors for bullion. They are an inflation’s increase and a high risk of stock market’s correction.

It may seem counterintuitive but interest rate hike may be a supportive factor for the gold market. Despite the fact, that rate’s hikes should help to lift the US dollar, Goldman Sachs has another opinion. As the company considered empirical data, gold has surged after rate hikes four from six times. The Fed is anticipated to raise the interest rate at least two times this year.

The unstable trade environment is supposed to bring uncertainty to U.S. equity markets which could drive money into safe haven assets like gold and the Japanese yen. Although there were talks about US-China negotiations in regard to trade wars, in fact, we see an escalation of the trade conflict.

According to Commerzbank, gold represents not only as a safe haven but as a crisis currency too.

Nowadays, there is a big conflict between Russia and the West that exploded because of the poison attack on a former Russian spy. Until the conflict escalates, gold gets points to rise.

As we can see, gold has chances to gain a foothold and move further as the uncertain environment is highly supporting it.

However, investors will pay high attention to US data this week. ISM non-manufacturing PMI (April 4, 17:00 MT time), average hourly earnings, non-farm payrolls, unemployment rate (April 6, 15:30). If data is encouraging, the US dollar will appreciate, that can slow down the rise of yellow metal.

Now gold is trading near 1,339 an ounce. The resistance lies at 1,341.50. If gold is able to break it, more likely that the Goldman Sachs’s forecast will become a reality.

1522677271-d8d63f9182e154867102204db3d26

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EUR/USD Dayli analytics
14:17 02.04.2018

1522678558-3a122ee1898a677da0a45860c142b

There's a bullish 'Inverted Hammer', which has been confirmed by the last 'Three Methods'. In this case, the pair is likely going to test the nearest resistance area, which could be a departure point for another decline.

1522678558-41b08fdf2a06aa2cacbf144f0dbc9

The lower 'Window' acted as support, so the price is rising. Also, there're two 'Three Methods' models in a row, so the market is likely going to move up until any bearish pattern forms.

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https://tinyurl.com/yc8ndafz

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USD/JPY Daily Analytics/B]
14:20 02.04.2018

1522678558-b761fb1e9b1a9206f96609033eb70

There's a bullish 'Doji', so the pair is likely going to test the nearest resistance. Meanwhile, bears are likely going to test the Moving Averages afterwards. However, if a pullback from this lines happens, there'll be a moment for another upward price movement

1522678558-63b5b9093dd400a5411c792959b71

.The 34 Moving Average is acting as support, so there's a pretty rare 'Dragon Doji' pattern. Nevertheless, if a pullback from the next resistance area happens in the coming hours, we could have a decline in the direction of the 89 Moving Average.

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EUR/USD: BULLISH 'INVERTED HAMMER'
14:17 02.04.2018

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kBrNRoP.png

There's a bullish 'Inverted Hammer', which has been confirmed by the last 'Three Methods'. In this case, the pair is likely going to test the nearest resistance area, which could be a departure point for another decline.

hPxqsOE.png

The lower 'Window' acted as support, so the price is rising. Also, there're two 'Three Methods' models in a row, so the market is likely going to move up until any bearish pattern forms.

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EUR/USD Daily Analyics
06:40 03.04.2018

Technical levels: support – 1.2300; resistance – 1.2320, 1.2380.

Trade recommendations:

Buy — 1.2310/20; SL — 1.2290; TP1 — 1.2380; TP2 — 1.2420
Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with the falling Kijun-sen; the market still staying on the support of the Cloud.

1522737621-5974574d0f06c411e972e24d898d2

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GBP/USD Daily Analytics
06:42 03.04.2018
Technical levels: support – 1.4040; resistance – 1.4140.

Trade recommendations:

Buy — 1.4060; SL — 1.4040; TP1 — 1.4140; TP2 — 1.4170.
Reason: bullish Ichimoku Cloud, but the lines Senkou Span A and B are horizontal; a correctional dead cross of Tenkan-sen and Kijun-sen with falling Kijun-sen; the prices are still inside a Cloud, but supported by Kijun-sen.

1522737621-5838ef800660551113de2aff99712

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EUR/USD Daily Analyics
11:12 03.04.2018

1522753896-33e6f81fcc46015daeb622ca3dfc4

There's a 'V-Bottom', so the price is testing the 89 Moving Average. The main intraday target is the next resistance at 1.2372 - 1.2387. If a pullback from this area happens little later on, there'll be a moment for another decline.

1522753896-c3c32c57e8f31401321ee3d4746d0

The Moving Averages acted as resistance, so the market is likely going to test the nearest support at 1.2294 - 1.2285. A pullback from these levels could be a departure point for an upward price movement in the direction of the closest resistance at 1.2359 - 1.2372.

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GBP/USD Daily Analytics
11:14 03.04.2018

1522753896-8d6835b1e14ad82ba6f587689d677

There's a 'Double Bottom', which has been formed between the Moving Averages. It's likely that the pair is going to test the nearest resistance at 1.4144 - 1.4199, which could be a starting point for a bearish price movement towards the next support at 1.3982.

1522753896-37d91e3e08eab46079607ee9f3f3a

We've got a confirmed 'Triple Bottom', so bulls are likely going to test the nearest resistance at 106.63 - 107.00 in the short term. Meanwhile, if a pullback from these levels happens little later on, there'll be a moment for a decline.

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EUR/USD Daily analyics
14:28 03.04.2018

1522765586-3bdf4d7635f13e1c2bdf5300ddb79

The 34 & 55 Moving Averages acted as resistance, so there's a bearish 'Shooting Star' pattern. Also, there's a bearish 'Three Methods', so the market is likely going to continue falling down in the short term.

1522765586-b8f4cb152b28cb2e66f2364fce07e

There's a 'Shooting Star' pattern, which has been formed on the 144 Moving Average. In this case, we should keep an eye on the lower 'Window' as a possible intraday target

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USD/JPY Daily Analytics
14:33 03.04.2018

1522765586-889f4ae31695b6b79e538f87723c2

We've got a bullish 'Hammer', which has been confirmed. Also, there's no any reversal pattern so far, which means the price is going to continue rising in the direction of the 144 Moving Average.

1522765585-6bc6f54aef201ba7b600af734e390

The last bullish 'Harami' led to the current upward price movement. Meanwhile, if a pullback from the nearest resistance happens little later on, there'll be an opportunity to have a local correction.

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AUD/USD Daily Analytics
06:25 04.04.2018
Technical levels: support – 0.7610, 0.7690; resistance – 0.7730

Trade recommendations:

Sell — 0.7730; SL — 0.7750; TP1 — 0.7610; TP2 — 0.7580.
Sell — 0.7680; SL — 0.7710; TP1 — 0.7610; TP2 — 0.7580.
Reason: narrowing bearish Ichimoku Cloud with rising Senkou Span A; a cancelled golden cross of Tenkan-sen and Kijun-sen; the prices are had entered into the cloudy area.

1522823136-42a68b4bfa2f0515dfbaa054e9dba

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USD/JPY Daily Analytics
06:27 04.04.2018
Technical levels: support – 106.30; resistance – 106.70, 107.30.

Trade recommendations:

Sell — 107.30; SL — 107.50; TP1 — 106.30; TP2 — 106.00.
Reason: narrow bullish Ichimoku Cloud with falling Senkou Span A; a cancelled dead cross of Tenkan-sen and Kijun-sen; the market had returned into the positive area, but there is a strong resistance on 107.30.

1522823136-3dcc4d3b0e9d38341d309e86e7227

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USD/CAD Daily Analytics
06:54 04.04.2018
Recommendation:

SELL 1.2770

SL 1.2825

TP1 1.2690 TP2 1.2570

On the daily chart of USD/CAD, after a short consolidation in the 1.2810-1.2950 range bulls manage to pull the pair above its lower border and trigger the “Shark” pattern with a target at 88.6%. The necessary condition for the further decline is the fall below support at 1.2685-1.2715.

1522824828-1430b06b52ccdf0a9e951da313446

On H1, a break of support at 1.2815 with its following retest triggered the “Spike and ledge”, “Shark” and AB=CD. The targets of the last two at 113% and 224% are at 1.2570 and 1.2690.

1522824847-5c726ce87bf89e31cdcfbd4c37b26

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GBP/USD Daily Analytics
09:22 04.04.2018
Recommendations:

BUY 1.4195

SL 1.414

TP1 1.4295 TP2 1.443 TP3 1.4515

On the daily chart of GBP/USD, a correction within the “Shark” pattern’s transformation to 5-0 ended at the level of 38.2% from the CD wave. To resume the uptrend bulls should break the resistance at 1.4122. As a result, odds of 113% and 127.2% targets of “Shark” and “AB=CD” patterns will increase.

1522833623-3f1b6eaed077eeb7308bccf1a5b10

On H1, after the pair reached the first target of the “Wolfe waves” pattern a natural pullback happened. To continue the rally, bulls should break the resistance at 1.4195.

1522833640-eaec8f61edb51b022cc992c13c279

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XAU/USD Daily Analytics
09:25 04.04.2018
Recommendations:

BUY 1345

SL 1330

TP1 1374 TP2 1394

On the daily chart of XAU/USD, bears are trying to form the “Shakeout-Fakeout” pattern as the pair could not break the upper boundary of 1302-1340 consolidation. To implement it the pair has to break the support at 1321. Vice versa, the hit of resistances at 1340 and 1345 will let bulls to hope on the continuation of the rally to 113% and 127.2% targets of “Shark” and “AB=CD” patterns.

1522833827-645800f66cec2264dcf59cce4c9ff

On H1, the implementation of the “Butterfly” pattern will increase risks of the sharp decline. To resume the uptrend bulls should break the resistance at 1345.

1522833844-ee5460ddb0ab759758a13cd2952ea

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EUR/JPY Daily Analytics
06:38 05.04.2018

Recommendation:

BUY 131.80

SL 131.25

TP1 132.80 TP2 133.20 TP3 136.70

On H1, EUR/JPY is consolidating in the 129.15-132.15 range within the “Spike and ledge” pattern. A break of its upper border will increase the risks of a “Shark” pattern with a target at 88.6%. It corresponds to 136.7.

1522910196-8afba167b3e7c15d0d5d28d0f3c7b

On H1 of EUR/JPY, the inability of bears to return the pair inside the downtrend channel points at their weakness. A successful test of resistance at 131.8 will open the way up to targets of “Wolfe waves” and “Shark”.

1522910225-144c086f9efd0dd7367f2818eb875

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EUR/USD Daily Analytics
07:35 05.04.2018
Technical levels: support – 1.2150, 1.2250; resistance – 1.2300.

Trade recommendations:

Sell — 1.2240; SL — 1.2260; TP1 — 1.2180; TP2 — 1.2150
Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A; a new dead cross of Tenkan-sen and Kijun-sen with the falling Tenkan-sen and Kijun-sen; the market returned to 3-W lows again.

1522913732-5974574d0f06c411e972e24d898d2

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GBP/USD Daily Analytics
07:37 05.04.2018
Technical levels: support – 1.4040/50; resistance – 1.4140.

Trade recommendations:

Buy — 1.4060; SL — 1.4040; TP1 — 1.4140; TP2 — 1.4170.
Reason: bullish Ichimoku Cloud with horizontal Senkou Span A and B; a weak golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices are on the support of Kijun-sen. 

1522913732-5838ef800660551113de2aff99712

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USD/CHF Daily Analytics
07:45 05.04.2018
Recommendations:

BUY 0.958

SL 0.9525

TP1 0.968 TP2 0.974 TP3 0.979

On the daily chart of USD/CHF, bulls managed to push the pair out of the long-term downtrend channel and implement the “AB=CD” pattern with the 224% target. To continue the rally, the pair should break the resistance at 0.9811. 

1522914214-6b52b379cf89098e044bb0561035d

On H1, the “Spike and reversal with acceleration” pattern is implemented.  The bullish trend will continue until the pair falls below the bottom boundary of the uptrend. Pullbacks to supports at 0.958 and 0.9555 may be used for long positions.

1522914248-783bc402d818169e316cb78972100

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