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Fractal analysis of the main currency pairs on August 22

Daichi Takahashi - 01:26 2019-08-22 UTC+00

Dear colleagues. For the euro / dollar pair, the continuation of the development of the downward trend is expected after the price passes the noise range 1.1073 - 1.1062. For

Forecast for EUR/USD on August 22, 2019

Laurie Bailey - 05:21 2019-08-22 UTC+00

We expect the euro to begin declining to a target of 1.0980 on August 22-23

Trading plan for EUR / USD and GBP / USD pairs on 08.22.2019

Mark Bom - 10:14 2019-08-22 UTC+00

Although the media tried to escalate the situation in anticipation of the publication of the text of the minutes of the meeting of the Federal Committee on Open Market Operations

Forecast for GBP / USD pair on August 22, 2019

Laurie Bailey - 06:27 2019-08-22 UTC+00

On August 22, the British pound may resume growth to 1.2225

Hot forecast for EUR/USD on 08/22/2019 and trading recommendation

Dean Leo - 06:43 2019-08-22 UTC+00

The content of the text of the minutes of the Federal Open Market Committee meeting largely confirmed the assumptions of most investors, so it did not greatly affect the quotes

EUR/USD: "Minutes" of the Fed did not interest traders, the market is awaiting Powell's verdict

Irina Manzenko - 07:47 2019-08-22 UTC+00

The market ignored the Fed protocol published yesterday and such a reaction of traders was very expected given the certain obsolescence of this document. For this week, traders are waiting

Alexey Almazov

Maxim Magdalinin

Nadezhda Zhizhko

Alexander Dneprovskiy

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Forex forecast from Chief Strategist

Trend line

USD/SEK approaching support, potential bounce!

USDSEK is approaching our first support where we are seeing a bounce above this level.

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Technical analysis

AUD/USD close to ascending trendline support

Price drifted lower and is close to ascending trendline support where a bounce reaction is expected.

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Technical analysis

USD/JPY approaching resistance, further drop!

USDJPY is approaching 1st resistance at 106.77, potential drop could occur!

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Bitcoin quotes

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Bitcoin forecast

BTC 08.22.2019 - End of the upward correction

Petar Jacimovic

14:44 2019-08-22 UTC+00

Watch for potential selling opportunities due to downward trend and potential end of the upward correction. First downward target is set at the price of $9,722.

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Forecast for Bitcoin and US dollar on August 22nd. Thanks to the "halving", Bitcoin can rise in price up to $50,000 in 2020

Samir Klishi

06:54 2019-08-22 UTC+00

The reward for the extracted block of bitcoin in 2020 will be reduced by 2 times, which can lead to a rise in value

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Technical analysis of ETH/USD for 22/08/2019

Sebastian Seliga

06:12 2019-08-22 UTC+00

The corrective down move deepens to new local lows

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Pattern Graphix

Pattern Graphix makes it possible to analyze charts, get information in what direction you should open a trade, and determine the target to exit the market in a timely manner as well as find out how often you should open deals. Working with Pattern Graphix, you will receive an immediate visual and sound notification of the formation of various graphical models.

2019-08-22 Double Top GBPUSD M5

On the chart of GBPUSD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.2255; the lower boundary 1.2234; the width of the pattern 21 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.2219 level.

2019-08-22 Double Top SILVER M5

On the chart of SILVER M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 17.09; the lower boundary 17.00; the width of the pattern 100 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 16.98 level.

2019-08-22 Double Bottom EURCAD H1

The Double Bottom pattern has been formed on EURCAD H1. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 1.4768 is broken. The further movements will rely on the width of the current pattern 54 points.

2019-08-22 Triple Top GBPCHF M5

On the chart of the GBPCHF M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 1.2018, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 38 points.

Economic Calendar

Thursday, 22 August 2019

Time	Macroeconomic Indices	Period	Previous Reading	Forecast	Actual Reading	Importance
09:15	PMI Manufacturing	Aug	49.7	49.5	51.0	Medium
09:15	PMI Services	Aug	52.6	52.5	53.3	Medium
09:15	Composite PMI	Aug	51.9	51.8	52.7	Medium
09:30	PMI Manufacturing	Aug	43.2	43.1	43.6	Medium
09:30	PMI Services	Aug	54.5	54.1	54.4	Medium
09:30	Composite PMI	Aug	50.9	50.6	51.4	Medium
10:00	PMI Manufacturing	Aug	46.5	46.3	47.0	Medium
10:00	PMI Services	Aug	53.2	53.0	53.4	Medium
10:00	Composite PMI	Aug	51.5	51.2	51.8	Medium
13:30	ECB Monetary Policy Meeting Accounts	Jul				Medium
14:30	Unemployment Claims	Aug	221K	217K	209K	Medium
15:45	ISM Manufacturing	Aug	50.4	50.5	49.9	Medium