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GBP/USD Daily Analytics
00:07 01.03.2018

1519862698-b6e64002e95b4cb6a9ac1e37907ee

All the Moving Averages have been broken, so the price is declining. It's likely that bears are going to test the nearest support at 1.3656. If a pullback from this level happens little later on, we could have an upward price movement towards the closest resistance at 1.3799 - 1.3835.

1519862697-2345618328d89651c77c47eed62c7

The last "Triangle" pattern led to the current decline. Meanwhile, it's likely to have a bullish correction in the short term. However, if we see a pullback from the nearest resistance at 1.3763 - 1.3799, there'll be a moment for another decline.

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https://goo.gl/w47KZ9
 

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AUD/USD Daily Analytics
06:04 01.03.2018
Technical levels: support – 0.7690; resistance – 0.7790

Trade recommendations:

Buy — 0.7690; SL — 0.7670; TP1 — 0.7760; TP2 — 0.7790.
Reason: bearish Ichimoku Cloud with falling Senkou Span A and B; a new dead cross of Tenkan-sen and Kijun-sen with the falling lines; the market made a new lows of the year, but  there is a strong support on 0.7690.

1519884249-42a68b4bfa2f0515dfbaa054e9dba

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https://goo.gl/hPPzB1

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USD/JPY Daily Analytics
06:06 01.03.2018
Technical levels: support – 106.50; resistance – 107.00.

Trade recommendations:

Sell — 106.80; SL — 107.00; TP1 — 106.10; TP2 — 105.30.
Reason: bearish Ichimoku Cloud with falling Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal and narrowing channel Tenkan-Kijun; the bears are breakdown the support of Senkou Span A, Tenkan-sen and Kijun-sen and the market may continue existing downtrend.

1519884249-3dcc4d3b0e9d38341d309e86e7227

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https://goo.gl/FhKhuo

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EUR/JPY Daily Analytics
07:49 01.03.2018
Recommendations:

BUY 131.65

SL 131.1

TP1 132.65 TP2 133.7 TP3 134.3

On the daily chart EUR/JPY, the pair reached the 113% target of the “Shark” pattern. As a result, risks of the correction increased. The return of the pair to the previous low is a necessary condition for its implementation. If bulls fail, it will mean their weakness.

1519890435-8b0a496a3b1b404112014535b9260

On H1, EUR/JPY reached targets of the triangle. Currently, “Wolfe Waves” pattern is developing. To implement it, the pair should come back to the resistance at 131.65 with its subsequent successful test.

1519890459-fa2e151f06ca9c644c5f37360efed

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https://goo.gl/68kRgj
 

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USD/JPY Daily Analytics
07:53 01.03.2018
Recommendations:

BUY 107.85 SL 107.3 TP1 108.9 TP2 109.4 TP2 109.9

SELL 105.95 SL 106.5 TP1 104.95 TP2 103.95 TP3 102.8

On the daily chart USD/JPY, there is a short-term consolidation within the downtrend. A break of its lower bound near 106.6 will give hope to bears for the implementation of 127.2% and 161.8% targets of the AB=CD pattern.

1519890723-8761742235b0db83894df8a74aef7

On H1 of USD/JPY, bulls are trying to return quotations to the triangle and take the pair beyond the downtrend channel. If bulls succeed, the “Bat” pattern with the 88.6% target may be implemented.

1519890748-8f44fbef1fb214ece181328acc096

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https://goo.gl/CJWMFS

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EUR/USD Daily Analytics
13:31 01.03.2018

1519911002-1c69d0d6ef65b0db23110626c5981

There's an "Inverted Hammer", which hasn't been confirmed yet. So, the price is likely going to test the 21 Moving Average, which could be a departure point for another decline.

1519911002-e3d5ad4b6be64389d1b5ab0dd71d7

We've got a "Shooting Star", which has formed at the last local high. In this case, the pair is likely going to reach the nearest support area. If any bullish pattern forms little later on, there'll be a moment for an upward correction.

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https://goo.gl/Xt1Biq
 

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USD/JPY Daily Analytics 
13:33 01.03.2018

1519911002-344802344cfb4a7d2dbcb30dcce4f

The last "Evening Star" is still on the table, so the price is likely going to continue declining. Meanwhile, if a pullback from the nearest support area happens, we could have a bullish correction.

1519911002-e9134e62dd5d5b9ab07aacad1e447

There's a bullish "High Wave", which has been confirmed enough. So, the pair is likely going to reach the nearest resistance area, which could be a departure point for another decline.

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https://goo.gl/LdJ4sU
 

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USD/JPY: "SHOOTING STAR" LED TO DECLINE
13:46 02.03.2018

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The last "Shooting Star" led to the current decline. The main intraday target is the lower "Window". If a pullback from this level happens little later on, there'll be a moment for an upward correction.

2VUIKwY.png

The price has been declining since a bearish "Harami" formed on the Moving Averages. There's no any reversal pattern so far, which means the market is likely going to continue moving down in the short term.

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https://goo.gl/HuALSt

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EUR/USD Daily Analytics
13:44 02.03.2018

1519998185-d5c6da66bdd7a7b3fd4f9d352a180

There's an "Inverted Hammer", which has been confirmed. Also, we've got no any reversal pattern, so the price is likely going to test the nearest resistance area, which could be a departure point for another decline.

1519998185-45fa80c742d47d8a4b058a7e40477

We've got a bullish "Doji", so all the Moving Averages have been broken. There's no any bearish pattern, so the pair is likely going to test the next resistance area in the coming hours.

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https://goo.gl/pTZtMY

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EUR/USD Daily Analytics
06:25 02.03.2018
Technical levels: support – 1.2200; resistance – 1.2300.

Trade recommendations:

Sell — 1.2280; SL — 1.2300; TP1 — 1.2200; TP2 — 1.2150
Reason: bearish Ichimoku Cloud, but rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen; the market made a new lows and bounced to Kijun-sen.

1519971878-5974574d0f06c411e972e24d898d2

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https://goo.gl/aLPqJe

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GBP/USD Daily Analytics
06:27 02.03.2018
Technical levels: support – 1.3660; resistance – 1.3780, 1.3830.

Trade recommendations:

Sell — 1.3780; SL — 1.3800; TP1 — 1.3660; TP2 — 1.3610.
Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with the falling lines; the market made a new lows and in correctional movement to Tenkan-sen now.

1519971878-5838ef800660551113de2aff99712

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https://goo.gl/UXNsHx

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EUR/USD Daily Analytics
07:00 02.03.2018
Recommendation:

SELL 1.2310 SL 1.2365 TP1 1.2210 TP2 1.2155 TP3 1.2080

SELL 1.2355 SL 1.2410 TP1 1.2255 TP2 1.2155 TP3 1.2080

On the daily chart, the return of EUR/USD inside the uptrend channel will increase the risks of the pair going to 161.8% and 224% of AB=CD patterns. On the other hand, if the euro falls to February lows, it will then go to 88.6% target of the “Shark”.

1519973850-8afba167b3e7c15d0d5d28d0f3c7b

On H1 of EUR/USD, there is a “Widening wedge” pattern. Pullbacks from resistance at 38.2% and 50% of the wave 4-5 may be used for opening long positions. A break of 1.2470 and 1.2510, on the other hand, will open the way to the north.

1519973867-144c086f9efd0dd7367f2818eb875

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https://goo.gl/5ggTAh

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EUR/GBP Daily Analytics
07:08 02.03.2018
Recommendation:

BUY 0.8925

SL 0.887

TP 0.9015

On the daily chart, EUR/GBP remains within the 0.8695-0.9015 consolidation range. Its exit outside of it will be a signal of the uptrend’s resumption and increase the odds of formation of the senior AB=CD. The short-term successful test of resistance at 0.8925 will trigger AB=CD pattern and allow the bulls to reach 161.8% target.

1519974418-bc1ce4ebdd72b71af2881b8edc2b5

On H1, if EUR/GBP rises to February highs, it will trigger AB=CD and “Crab” patterns. Its 161.8% targets form an important convergence area near 0.9015.

1519974482-311438cdc50bb0f634d8ee27e47a0

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https://goo.gl/TivkwX

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USD/JPY Daily Analyticss
13:46 02.03.2018

1519998185-7d382667a63b99a69ace47795374f

The last "Shooting Star" led to the current decline. The main intraday target is the lower "Window". If a pullback from this level happens little later on, there'll be a moment for an upward correction.

1519998185-c8a6041d9c0c27a878b703412207f

The price has been declining since a bearish "Harami" formed on the Moving Averages. There's no any reversal pattern so far, which means the market is likely going to continue moving down in the short term.

More:
https://goo.gl/djA378

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BTC/USD Daily Analytics
02:42 05.03.2018

The Bitcoin has been inserted in an upward phase since the lows of February 25, thanks to the fact that cryptocurrency has found demand above the key barrier of 8500. This has helped the price action to point upwards and the resistance of 11339 could be the next obstacle to face in the short term.

It should be remembered that the Fibonacci target of -23.6% in 12985 is the area where take profit orders could be activated, which in theory liquidates the long sustained positions from the demand zone of 38.2% in 9407. For the moment, the Parabolic SAR is helping to pressure the BTC/USD pair in the short term.

What do we expect?

According to our forecasts in the H1 chart, the pair aims to continue with the bullish movement, although the resistance of 11339 could be the line in the sand to overcome during this week. Should this be achieved, the path would be cleared for the Bitcoin to visit the Fibonacci target of -23.6% at 12985. The RSI remains in negative territory and the MACD indicator is showing that the bears could have an opportunity to correct the current price.

1520217698-4d569cef72bb7acd467357c14ba15

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https://goo.gl/rM6BMB

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USD/CHF Daily Analytics
02:43 05.03.2018

The USD/CHF pair has been trading in a corrective phase since March 1st session and it seems the 50% Fibonacci zone could be a key pivot point during the week ahead. The 0.9338 level should then become a support in order to give a boost to the pair in order to go towards the -23.6% Fibonacci zone at 0.9561. To the downside, if the pair manages to break below 0.9292, then it can plummet towards the 0.9186 level.

RSI indicator remains in the negative territory.

1520217771-cced2a331cb42aa7ce9be6384e644

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https://goo.gl/v8277o

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EUR/USD Daily Analytics
07:44 05.03.2018
Technical levels: support – 1.2260; resistance – 1.2310, 1.2380.

Trade recommendations:

Buy — 1.2260; SL — 1.2240; TP1 — 1.2310; TP2 — 1.2380
Reason: narrowing bearish Ichimoku Cloud with rising Senkou Span A; a cancelled dead cross of Tenkan-sen and Kijun-sen with horizontal lines; the market testing the Cloud’s resistance.

1520235848-5974574d0f06c411e972e24d898d2

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https://goo.gl/hvAFaH

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GBP/USD Daily Analytics
07:46 05.03.2018
Technical levels: support – 1.3760; resistance – 1.3830.

Trade recommendations:

Buy — 1.3760; SL — 1.3740; TP1 — 1.3830; TP2 — 1.3880.
Reason: bearish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal lines; the market had entered into the channel Tenkan-Kijun and may correcting to the Kijun’s levels.

1520235848-5838ef800660551113de2aff99712

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https://goo.gl/7diS34
 

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NZD/USD Daily Analytics
08:37 05.03.2018
Recommendation:

BUY 0.7280 SL 0.7225 TP1 0.7325 TP2 0.7395 TP3 0.7430

SELL 0.7185 SL 0.7240 TP1 0.7130 TP2 0.7085

On the daily, NZD/USD is consolidating in a range between 0.7185 and 0.7430. A break of its lower border will increase the risks of a correction. On the other hand, the return of the pair inside the uptrend channel with the following test of resistance at 0.7430 will open way up for the pair. 

1520239002-fb9be1d9d65d6402746f6573306cf

On H1, NZD/USD advance above the upper border of the downtrend channel and resistance at 0.7280 triggered the “Bat” and the “Crab” patterns with targets at 88.6% and 161.8%.

1520239047-3696dc2326705fd45dfa7b732beb8

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https://goo.gl/LRSU2P

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AUD/USD Daily Analytics
09:40 05.03.2018
Recommendations:

BUY 0.7815

SL 0.776

TP 0.7905 TP2 0.7985 TP3 0.8075

On the daily chart AUD/USD, the “Wolfe waves” pattern is developing. If bulls manage to return the Aussie to the resistance at $0.7815, break it and take the pair beyond the downtrend channel, risks of the uptrend’s recovery will increase.

1520242652-899af96188ac0ab58d983ae1804c0

On H1 of AUD/USD, the break of the resistance at 23.6% from the last downtrend wave with the subsequent successful hit of the upper bound of the bearish channel will implement “Bat” and “Crab” patterns with 88.6% and 161.8% targets. 

1520242683-37deade3708819a62a5c5f8675177

More:
https://goo.gl/stsxtz

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