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Re: Market news and trade recommendations by FBS
AUD/USD: AUSSIE GOING HIGHER
14:26 18.07.2017 Technical levels: support – 0.7820, 0.7850; resistance – 0.7990. Trade recommendations: Sell — 0.7990; SL — 0.7810; TP1 — 0.7910; TP2 — 0.7850. Reason: bullish Ichimoku Cloud with extremely rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with rising lines; the prices are on the new 2Y-highs, but under the strong daily resistance. https://fbs.com/img/articles/2296/15...0x1200_q90.png More: https://fbs.com/analytics/articles/a...ng_higher_2296 |
Re: Market news and trade recommendations by FBS
EUR/USD: BULLISH "THREE METHODS" PATTERN
15:07 18.07.2017 https://fbs.com/img/articles/2297/15...0x1200_q90.png There's a bullish "Engulfing" pattern, which has been confirmed, so the price reached the nearest resistance level. However, we don't have any reversal pattern so far, which means bulls are likely going to continue pushing the price higher. https://fbs.com/img/articles/2297/15...0x1200_q90.png We've got a bullish "Three Methods" pattern, so the price is rising. At the same time, there's an opportunity to have a local decline towards the nearest support. If we see a pullback from this level, bulls will be free to move on. More: https://fbs.com/analytics/articles/eur_usd%3a_bullish_%22three_methods%22_pattern_229 7 |
Re: Market news and trade recommendations by FBS
USD/JPY: "WINDOW" ACTED AS RESISTANCE
15:09 18.07.2017 https://fbs.com/img/articles/2298/15...0x1200_q90.png Bears have broken the "Window", so the price is declining. The 144 Moving Average is acting as support. There isn't any reversal pattern so far. Therefore, the market is likely going to continue falling down in the short term. https://fbs.com/img/articles/2298/15...0x1200_q90.png The broken "Window" acted as resistance, so there's a "Shooting Star" pattern, which has been confirmed. In this case, the pair is likely going to reach the nearest support area. If any bullish pattern arrives afterwards, there'll be an opportunity to have an upward correction More: https://fbs.com/analytics/articles/u...esistance_2298 |
Re: Market news and trade recommendations by FBS
GBP/USD REMEMBERED THE TRIANGLE
10:06 19.07.2017 Recommendation: SELL 1.3000, SL 1.3055, TP 1.2900 BUY 1.3125 SL 1.3070 TP1 1.3300 TP2 1.3500 On the daily chart, bears are trying to return GBP/USD inside the rising triangle. If they succeed, the possibility of the medium-term consolidation in the 1.2600-1.3000 will increase. On the contrary, rebound from the current support will increase the risks of continuation to the upside, towards 200% target of AB=CD. https://fbs.com/img/articles/2312/15...0x1200_q90.png On H1, decline below 1.3000 will create the basis for correction to 1.2920 and 1.2900. For the uptrend to resume, the pair has to rise to July high https://fbs.com/img/articles/2312/15...0x1200_q90.png More: https://fbs.com/analytics/articles/g..._triangle_2312 |
Re: Market news and trade recommendations by FBS
NZD/USD: BULLS SHOWED STRENGTH
10:20 19.07.2017 Recommendations: BUY 0.7370, SL 0.7315, TP1 0.7450, TP2 0.7470 BUY 0.7290, SL 0.7235, TP 0.7450 On the daily chart, inability of bears to lead NZD/USD outside of the bullish trend channel points at their weakness. The condition required for continuation of the rally to 0.7450 (113% target of the “Shark” pattern) is the settlement of the New Zealand’s dollar above support at 0.7345 with the following increase to July high. https://fbs.com/img/articles/2314/15...0x1200_q90.png On H1, NZD/USD managed to return to the uptrend. As long as the pair is trading above 0.7210, the outlook will remain bullish. https://fbs.com/img/articles/2314/15...0x1200_q90.png More: https://fbs.com/analytics/articles/n..._strength_2314 |
Re: Market news and trade recommendations by FBS
GBP/USD: POUND SUPPORTED BY KIJUN-SEN
10:23 19.07.2017 Technical levels: support – 1.3030; resistance – 1.3090, 1.3150. Trade recommendations: Buy — 1.3030/40; SL — 1.3010; TP1 — 1.3090; TP2 — 1.3150. Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, rising Kijun-sen; the prices are in the channel of Tenkan-Kijun and supported by Kijun-sen. https://fbs.com/img/articles/2315/15...0x1200_q90.png More: https://fbs.com/analytics/articles/g...kijun_sen_2315 |
Re: Market news and trade recommendations by FBS
USD/JPY: DOLLAR TESTED SSB’S SUPPORT
10:24 19.07.2017 Technical levels: support – 111.70/80; resistance – 112.60, 113.00. Trade recommendations: Buy — 112.10; SL — 111.90; TP1 — 113.00; TP2 — 113.30. Reason: narrow bearish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen and the lines are horizontal; the market is in a correction, tested the strong support of Senkou Span B. https://fbs.com/img/articles/2317/15...0x1200_q90.png More: https://fbs.com/analytics/articles/u...s_support_2317 |
Re: Market news and trade recommendations by FBS
EUR/USD: "V-TOP" PATTERN
11:11 19.07.2017 https://fbs.com/img/articles/2319/15...0x1200_q90.png Bulls faced resistance at 1.1560, so we've got a "V-Top" pattern, which led to the current decline. Therefore, the market is likely going to decline towards the nearest support at 1.1494. If a pullback from this level happens, we could have another upward price movement in the direction of the next resistance at 1.1582. https://fbs.com/img/articles/2319/15...0x1200_q90.png We've got a "V-Top" pattern, so the pair found support at 1.1529. In this case, the pair is likely going to reach the closest resistance at 1.1560. However, if we see a pullback from this level, bears will have a green light to achieve the 34 Moving Average. More: https://fbs.com/analytics/articles/e...2_pattern_2319 |
Re: Market news and trade recommendations by FBS
GBP/USD: CONSOLIDATION ALONG 55 MA
11:15 19.07.2017 https://fbs.com/img/articles/2320/15...0x1200_q90.png There's a "Double Top" pattern, which has been confirmed. Therefore, the pair is likely going to test the nearest support at 1.2982 in the short term. If we have a pullback from this level, there'll be an opportunity to see the price even higher. So, we should keep in mind the next resistance at 1.3116 as an intraday target https://fbs.com/img/articles/2320/15...0x1200_q90.png The price is consolidating along the 55 Moving Average. It's likely that the market is going to reach the closest resistance at 1.3077 during the day. If a pullback from this level happens, we're likely going to have another decline towards the next support at 1.3006 - 1.2982. More: https://fbs.com/analytics/articles/g...ong_55_ma_2320 |
Re: Market news and trade recommendations by FBS
EUR/USD: PULLBACK FROM 7/8 MM LEVEL
13:36 19.07.2017 https://fbs.com/img/articles/2327/15...0x1200_q90.png It seems like we've got a bullish impulse in wave C. Also, there's a triangle in wave [iv]. So, there's an opportunity to have wave [i] in the short term. The main intraday target is 3/8 MM Level. https://fbs.com/img/articles/2327/15...0x1200_q90.png There's a pullback from 7/8 MM Level, so wave [v] of C may have been ended. Moreover, we've got a bearish impulse in wave (i). It's likely that bulls are going to deliver wave (ii) soon, so we could have the next bearish wave (iii) during the day. More: https://fbs.com/analytics/articles/e..._mm_level_2327 |
Re: Market news and trade recommendations by FBS
EUR/USD: "TOWER" LED TO DECLINE
15:43 19.07.2017 https://fbs.com/img/articles/2330/15...0x1200_q90.png There's a bearish "Shooting Star" pattern, which has been confirmed. Therefore, the market is likely going to test the nearest support level, which could be a departure point for another upward price movement. https://fbs.com/img/articles/2330/15...0x1200_q90.png The last bearish "Tower" pattern led to the current decline. However, there's a bullish "Hammer", so we could have a local upward correction during the day. Meanwhile, bears are likely going to deliver a new local low later on. More: https://fbs.com/analytics/articles/e...o_decline_2330 |
Re: Market news and trade recommendations by FBS
USD/JPY: PRICE FIXATED UNDER "WINDOW"
15:46 19.07.2017 https://fbs.com/img/articles/2331/15...0x1200_q90.png There are a "Hammer" and a "Harami", but both patterns remain unconfirmed. The 144 Moving Average is acting as resistance. In this case, bears are likely going to continue pushing the price lower https://fbs.com/img/articles/2331/15...0x1200_q90.png The pair has fixated under the "Window", so the price is consolidating. Therefore, the decline is likely going to be continued, but if any bullish pattern arrives afterwards there'll be an opportunity to have a correction. More: https://fbs.com/analytics/articles/u...window%22_2331 |
Re: Market news and trade recommendations by FBS
GOLD IS IN TROUBLE
10:02 20.07.2017 Recommendation: SELL $1236 SL $1246 TP1 $1224 TP2 $1210 On the daily chart, gold is testing the neckline of the “Head and Shoulders” pattern. The break of the inside bar’s low and the following decline below the diagonal support will mean the return of power to bears. The condition necessary for the resumption of the downtrend is successful test of supports at $1230 and $1220 per ounce. https://fbs.com/img/articles/2348/15...0x1200_q90.png On H1, the pattern “Spike and reversal with acceleration” is in place. The first of the two trend lines was broken. Bears need to pull the price below the support at $1236 to regain power. https://fbs.com/img/articles/2348/15...0x1200_q90.png More: https://fbs.com/analytics/articles/g..._trouble__2348 |
Re: Market news and trade recommendations by FBS
USD/JPY: BULLS PREPARE FOR AN ATTACK
10:12 20.07.2017 Recommendation: BUY 112.33 SL 111.78 TP1 113.50, TP2 114.50, TP3 117.40 On the daily chart, bears are trying to keep the pair inside the long-term downward channel. Never the less, they will fail if bulls push USD/JPY above the diagonal resistance and settle above 112.10 (38.2% of the descending wave). https://fbs.com/img/articles/2349/15...0x1200_q90.png On H1, the break above the upper border of the descending channel signaled that correction ended. Successful break above resistance at 112.33 will allow the pair to reach new bullish targets. https://fbs.com/img/articles/2349/15...0x1200_q90.png More: https://fbs.com/analytics/articles/u...an_attack_2349 |
Re: Market news and trade recommendations by FBS
EUR/USD: "V-TOP" PATTERN
10:46 20.07.2017 https://fbs.com/img/articles/2351/15...0x1200_q90.png There's a "V-Top" pattern, which pushed the price to support at 1.1494, so we've got a consolidation. However, bears are likely going to test the next support at 1.1464. If a pullback from this level happens, there'll be an opportunity to have another upward price movement in the direction of the nearest resistance at 1.1560 - 1.1582. https://fbs.com/img/articles/2351/15...0x1200_q90.png The 34 Moving Average has acted as support, so the price is consolidating. Meanwhile, the pair is likely going to test the closest resistance at 1.1529 - 1.1547, which could be a departure point for a decline. If so, we should keep an eye on the next support at 1.1494 - 1.1479 as the next bearish target. More: https://fbs.com/analytics/articles/e...2_pattern_2351 |
Re: Market news and trade recommendations by FBS
GBP/USD: POSSIBLE "PENNANT" PATTERN
10:48 20.07.2017 https://fbs.com/img/articles/2352/15...0x1200_q90.png Bears faced support at 1.3006, so the price is consolidating near this level. Nevertheless, the market is likely going to decline towards the 34 & 55 Moving Averages. If a pullback from these lines happens, there'll be an opportunity to have a new local high. https://fbs.com/img/articles/2352/15...0x1200_q90.png The price is consolidating in a range of a possible "Pennant" pattern. So, bulls are likely going to test the nearest resistance at 1.3057. At the same time, bears will probably try to achieve support at 1.2982 - 1.2926 afterwards. More: https://fbs.com/analytics/articles/g...2_pattern_2352 |
Re: Market news and trade recommendations by FBS
EUR/USD: PRICE FIXATED UNDER 5/8 MM LEVEL
12:01 20.07.2017 https://fbs.com/img/articles/2359/15...0x1200_q90.png The price has fixated under 5/8 MM Level, so there's an opportunity to have a bearish impulse in wave [i]. The main intraday target is 3/8 MM Level, which could be a departure point for a local upward correction. https://fbs.com/img/articles/2359/15...0x1200_q90.png We've got a pullback from 7/8 MM Level on the one hour chart, so wave [v] of C may have been formed. The price is declining in wave (iii) of [i]. It seems like bears are ready to test 3/8 MM Level soon More: https://fbs.com/analytics/articles/e..._mm_level_2359 |
Re: Market news and trade recommendations by FBS
EUR/USD: BEARISH "THREE METHODS" PATTERN
13:46 20.07.2017 https://fbs.com/img/articles/2365/15...0x1200_q90.png The last "Shooting Star" pattern has been confirmed, so the pair is likely going to test the 34 Moving Average. If any bullish pattern forms afterwards, there'll be an opportunity to have another upward price movement. https://fbs.com/img/articles/2365/15...0x1200_q90.png We've got a bearish "Three Methods" pattern, so we should keep in mind the 55 Moving Average as an intraday target. However, we could have a local upward correction later on. More: https://fbs.com/analytics/articles/e...2_pattern_2365 |
Re: Market news and trade recommendations by FBS
GBP/USD: POUND MAY GO HIGHER
09:32 21.07.2017 Technical levels: support – 1.2980; resistance – 1.3040. Trade recommendations: Buy — 1.3000; SL — 1.2980; TP1 — 1.3040; TP2 — 1.3090. Reason: bullish Ichimoku Cloud with rising Senkou Span B; a dead cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices are supported by Senkou Span A. https://fbs.com/img/articles/2383/15...0x1200_q90.png More: https://fbs.com/analytics/articles/g...go_higher_2383 |
Re: Market news and trade recommendations by FBS
USD/JPY: DOLLAR FELL INTO NEGATIVE ZONE
09:33 21.07.2017 Technical levels: support – 111.70/80; resistance – 112.60, 113.00. Trade recommendations: Buy — 111.90; SL — 111.70; TP1 — 113.00; TP2 — 113.30. Reason: bearish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen and the lines are horizontal; the market is on the strong support of the daily levels. https://fbs.com/img/articles/2384/15...0x1200_q90.png More: https://fbs.com/analytics/articles/u...tive_zone_2384 |
Re: Market news and trade recommendations by FBS
USD/CAD: THE FIGHT OF BEARS AND BULLS
09:41 21.07.2017 Recommendation: SELL 1,264 SL 1,2585 TP 1,274. On the daily chart, USD/CAD reached 88.6% target of a “Shark” pattern. As a result, the possibility of corrective movement towards 23.6%, 50% and 61.8% of the wave CD increased. The following recoil from the important resistance levels should be used for entering short positions within the current bearish trend. https://fbs.com/img/articles/2385/15...0x1200_q90.png On H1, bears’ strengths are diminishing. This can be seen from the angle of the downtrend. The break of resistance at 1.2635-1.2640 will allow bulls to start an attack https://fbs.com/img/articles/2385/15...0x1200_q90.png More: https://fbs.com/analytics/articles/u...and_bulls_2385 |
Re: Market news and trade recommendations by FBS
AUD/USD IS PLAYING HIDE-AND-SEEK
09:49 21.07.2017 Recommendation: BUY 0.7840, SL 0.7785, TP1 0.7990, TP2 0.8050 BUY 0.7805 SL 0.775 TP1 0.7990 TP2 0.8050 On the daily chart, AUD/USD is undergoing a correction to the uptrend. Bears are trying to return the pair to the inside of the uptrend channel. At the same time, bulls remain in control, so there’s a reason to use the pullbacks to the downside for opening long positions. https://fbs.com/img/articles/2386/15...0x1200_q90.png On H1, AUD/USD broke the lower border of an uptrend and triggered the “Bat” pattern. Its target is at 88.6% of XA wave. It allows determining an important support. https://fbs.com/img/articles/2386/15...0x1200_q90.png More: https://fbs.com/analytics/articles/a..._and_seek_2386 |
Re: Market news and trade recommendations by FBS
EUR/USD: "FLAG" PATTERN HAS BEEN BROKEN
10:53 21.07.2017 https://fbs.com/img/articles/2390/15...0x1200_q90.png The last "Flag" pattern has been broken, so bulls faced resistance at 1.1679. Nevertheless, the market is likely going to reach the next resistance at 1.1712 in the coming hours. If a pullback from this level happens, there'll be an opportunity to have a decline towards the nearest support at 1.1615. https://fbs.com/img/articles/2390/15...0x1200_q90.png Bulls went through the upper side of the last "Pennant" pattern. It's likely that we're going to see the price even higher. The main intraday target is the next resistance at 1.1712, which could be a departure point for a downward correction. More: https://fbs.com/analytics/articles/e...en_broken_2390 |
Re: Market news and trade recommendations by FBS
GBP/USD: "PENNANT" PUSHED PRICE HIGHER
10:56 21.07.2017 https://fbs.com/img/articles/2391/15...0x1200_q90.png The price faced support at 1.2926, so there's a "Thorn" pattern. In this case, the pair is likely going to reach the nearest resistance at 1.3032 - 1.3047. If a pullback from this area happens, bears will probably try to deliver a downward correction. https://fbs.com/img/articles/2391/15...0x1200_q90.png The last "Pennant" pattern led to another upward price movement. The main intraday target is the closest resistance area at 1.3032 - 1.3047. However, if we see a pullback from these levels, there'll be an option to have a decline in the direction of the nearest support at 1.2952. More: https://fbs.com/analytics/articles/g...ce_higher_2391 |
Re: Market news and trade recommendations by FBS
EUR/USD: BULLISH "THREE METHODS"
14:44 21.07.2017 https://fbs.com/img/articles/2392/15...0x1200_q90.png There's a bullish "Three Methods", but this pattern hasn't been confirmed yet. Nevertheless, the price is likely going to continue moving up until any bearish pattern arrives. If so, we could have a local downward correction. https://fbs.com/img/articles/2392/15...0x1200_q90.png We've got a bearish "Engulfing", so the market is likely going to test the nearest support level. Anyway, bulls will probably try to deliver a new local high afterwards. More: https://fbs.com/analytics/articles/e...ethods%22_2392 |
Re: Market news and trade recommendations by FBS
USD/JPY: "HIGH WAVE" AND "TWEEZERS"
14:48 21.07.2017 https://fbs.com/img/articles/2393/15...0x1200_q90.png The upper "Window" acted as resistance, so there's a bearish "Harami", which has been confirmed. In this case, the pair is likely going to decline in the direction of the closest support. https://fbs.com/img/articles/2393/15...0x1200_q90.png The 34 Moving Average acted as resistance, so there are bearish patterns such a "High Wave" and a "Tweezers". Also, we've got a "Three Methods" pattern. Under this circumstance, the price is likely going to test the lower "Window" soon. More: https://fbs.com/analytics/articles/u...eezers%22_2393 |
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EUR/USD: PRICE IS FORMING WAVE [V] OF 3
14:51 21.07.2017 https://fbs.com/img/articles/2394/15...0x1200_q90.png The main wave count has been changed. It seems like there's a developing flat pattern in wave [B]. Therefore, we've got an upward impulse in wave (C), which is taking place on the Daily chart. Wave 3 is likely about to end, so we could have Wave 4 of (C) soon. https://fbs.com/img/articles/2394/15...0x1200_q90.png The price is forming wave [v] of 3. We've got a pullback from 7/8 MM Level, so wave (iii) may have been ended. In this case, we should keep an eye on 6/8 MM Level as the nearest target for wave (iv) of [v]. More: https://fbs.com/analytics/articles/e...v%5d_of_3_2394 |
Re: Market news and trade recommendations by FBS
USD/CHF FIBONACCI ANALYSIS: 0.9940 AS A KEY LEVEL FOR BUYERS
00:12 24.07.2017 There is a strong bearish bias in the USD/CHF and it has been forming a channel since mid-July. Now, the target is placed in the Fibonacci expansion levels of 100% and 123.6%, which corresponds to the 0.9941 and 0.9399 levels respectively. Such forecast is strengthened by the RSI indicator that shows oversold conditions. Around that Fibonacci’s area, the pair could start to rebound in three of five waves, towards the 200 SMA at H1 chart around 0.9580. https://fbs.com/img/articles/2403/15...0x1200_q90.png More: https://fbs.com/analytics/articles/u...or_buyers_2403 |
Re: Market news and trade recommendations by FBS
EUR/USD: EURO APPROACHED THE WEDGE
10:38 24.07.2017 Recommendation: BUY 1.1580 SL 1.1525 TP 1.1715, TP2 1.1780 On the daily chart, EUR/USD has come close to the highest level since August 2015 and the interim 127. 2% target of the inverted “Crab” pattern. If the pair returns to 1.1714, it will form the “Widening wedge”. Traders should wait until the wave 4-5 finishes and use the following pullbacks towards 23.6%, 38.2% and 50% for opening long positions. https://fbs.com/img/articles/2409/15...0x1200_q90.png More: https://fbs.com/analytics/articles/e...the_wedge_2409 |
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EUR/JPY: BEARS TRY TO REGAIN POWER
10:48 24.07.2017 Recommendations: BUY 130.50 SL 129.95 TP 131.50 BUY 127 SL 126.45 TP1 128.5 TP2 129.6 TP3 130.50 On the daily chart, bears are trying to counter attack and realize the 1-2-3 pattern. The break of support at 128.50 will increase the risks of correction to the current uptrend. For now, its potential remains limited. The nearest support levels are at 127.75 and 127.00. https://fbs.com/img/articles/2410/15...0x1200_q90.png On H1, EUR/JPY realized “Spike and ledge” and 1-2-3 patterns. A successful test of resistance at 130.50 will create the potential for the uptrend’s resumption. On the contrary, break of support at 128.50 will trigger the “Bat” pattern. https://fbs.com/img/articles/2410/15...0x1200_q90.png More: https://fbs.com/analytics/articles/e...ain_power_2410 |
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EUR/USD: BULLS GOING TEST NEXT RESISTANCE
11:19 24.07.2017 https://fbs.com/img/articles/2412/15...0x1200_q90.png The price is consolidating under resistance at 1.1679. However, bulls are likely going to test the next resistance at 1.1712. If we have a pullback from this level, there'll be an opportunity to have a downward correction towards the nearest support at 1.1615. https://fbs.com/img/articles/2412/15...0x1200_q90.png Bulls faced resistance at 1.1679, which pushed the price lower. So, we should keep an eye on the closest support at 1.1654 as an intraday bearish target. Nevertheless, the market is likely going to reach another resistance at 1.1712 afterwards. More: https://fbs.com/analytics/articles/e...esistance_2412 |
Re: Market news and trade recommendations by FBS
GBP/USD: BEARISH "THORN" PATTERN
11:21 24.07.2017 https://fbs.com/img/articles/2413/15...0x1200_q90.png There's a consolidation, which is taking place near the 55 Moving Average. The main intraday target is the nearest resistance at 1.3057 - 1.3077. If a pullback from this area happens, there'll be an opportunity to have a decline towards support at 1.3006 - 1.2982. https://fbs.com/img/articles/2413/15...0x1200_q90.png We've got a bearish "Thorn" pattern, so the pair is likely going to test the 89 Moving Average. However, if a pullback from this line happens, bulls will have a green light to achieve the next resistance at 1.3057 - 1.3047. More: https://fbs.com/analytics/articles/g...2_pattern_2413 |
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EUR/USD: PULLBACK FROM 7/8 MM LEVEL
11:50 24.07.2017 https://fbs.com/img/articles/2414/15...0x1200_q90.png There's a pullback from 7/8 MM Level, so the price is declining in wave (iv). However, if 6/8 MM Level acts as support afterwards, there'll be an opportunity to have another bullish impulse in wave (v) of [v]. https://fbs.com/img/articles/2414/15...0x1200_q90.png As we can see on the one-hour chart, wave (iv) is probably taking the form of a flat pattern. The main intraday target is 6/8 MM Level. If we see a pullback from this level, bulls are likely going to deliver wave (v). In this case, we should keep in mind 8/8 MM Level as the next target. More: https://fbs.com/analytics/articles/e..._mm_level_2414 |
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EUR/USD: BEARISH "SHOOTING STAR" PATTERN
13:55 24.07.2017 https://fbs.com/img/articles/2420/15...0x1200_q90.png The bullish trend is still on the table, but we've got a bearish "Shooting Star" pattern, which hasn't been confirmed yet. Therefore, the market is likely going to test the nearest support level, which could be a departure point for another upward price movement. https://fbs.com/img/articles/2420/15...0x1200_q90.png There are bullish patterns such an "Engulfing" and a "High Wave", but their confirmation is a quite weak. So, bears are likely going to test the 89 Moving Average. If a pullback from this line happens, there'll be an opportunity to have a bullish correction. More: https://fbs.com/analytics/articles/e...2_pattern_2420 |
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USD/JPY: "HARAMI" LED TO DECLINE
14:01 24.07.2017 https://fbs.com/img/articles/2421/15...0x1200_q90.png The price has been declining since a "Harami" pattern formed. Also, there isn't any reversal pattern so far, which means bears are likely going to test the next support level in the short term. If any reversal pattern arrives afterwards, bulls will probably try to deliver an upward correction. https://fbs.com/img/articles/2421/15...0x1200_q90.png The last bearish "Shooting Star" pattern led to the current decline. However, we've got a bullish "Doji", but this pattern hasn't been confirmed yet. So, we could have just an upward correction and a decline afterwards. More: https://fbs.com/analytics/articles/u...o_decline_2421 |
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GBP/USD WITH POSSIBLE BULLISH MOMENTUM ABOVE 1.2920
01:04 25.07.2017 GBP/USD is now finding support around a key Fibonacci zone between the 50% and 65% levels. Such area, established in the 1.2967 and 1.2920 levels could bring a fresh momentum for the bulls and if the pair manages to break above 1.3050, it can confirm the bullish scenario and rallies could go as long as 1.3198, at which is located the -23.6% Fibonacci retracement level. RSI indicator still supports the bullish path, as it remains in the positive territory. https://fbs.com/img/articles/2435/15...0x1200_q90.png More: https://fbs.com/analytics/articles/g...ve_1.2920_2435 |
Re: Market news and trade recommendations by FBS
GBP/USD: BULLS SUPPORTED BY CLOUD
07:40 25.07.2017 Technical levels: support – 1.3000; resistance – 1.3060. Trade recommendations: Buy — 1.3020/30; SL — 1.3000; TP1 — 1.3100; TP2 — 1.3130. Reason: bullish Ichimoku Cloud with rising Senkou Span A and B; a new dead cross of Tenkan-sen and Kijun-sen, rising Tenkan-sen; the prices are on the support of the Cloud and Tenkan-sen. https://fbs.com/img/articles/2439/15...0x1200_q90.png More: https://fbs.com/analytics/articles/g..._by_cloud_2439 |
Re: Market news and trade recommendations by FBS
USD/JPY: DOLLAR RETURNED TO JUNE’S LEVELS
07:41 25.07.2017 Technical levels: support – 110.30; resistance – 111.00, 111.50. Trade recommendations: Sell — 111.00; SL — 110.20; TP1 — 110.30; TP2 — 110.10. Buy — 110.30; SL — 110.10; TP1 — 111.00; TP2 — 111.40. Reason: bearish Ichimoku Cloud, but horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen, falling Tenkan-sen; the prices are bounced from Tenkan-sen and going lower in the negative area. https://fbs.com/img/articles/2440/15...0x1200_q90.png More: https://fbs.com/analytics/articles/u...9s_levels_2440 |
Re: Market news and trade recommendations by FBS
GBP/USD GOT STUCK AT THE BORDER
09:57 25.07.2017 Recommendations: BUY 1.3120 SL 1.3065 TP1 1.3250 TP2 1.3500 SELL 1.2930 SL 1.2985 TP 1.2810 On the daily chart, there are medium- and long-term trading channels. If GBP/USD rises to June high, it will be able to continue rising towards 200% target of AB=CD pattern. On the other hand, a break below diagonal support and 1.2930 will increase the risks of correction towards the lower border of the medium-term channel. https://fbs.com/img/articles/2444/15...0x1200_q90.png On H1, bulls are in control. Never the less, decline below the psychological level of 1.3000 may change everything. https://fbs.com/img/articles/2444/15...0x1200_q90.png More: https://fbs.com/analytics/articles/g...he_border_2444 |
Re: Market news and trade recommendations by FBS
EUR/USD: 34 MA ACTED AS SUPPORT
10:10 25.07.2017 https://fbs.com/img/articles/2445/15...0x1200_q90.png The price is consolidating between the levels 1.1679 - 1.1615. Nevertheless, bulls are likely going to reach the next resistance at 1.1712 in the coming hours. If a pullback from this level happens, there'll be an opportunity to have a decline towards the nearest support at 1.1615. https://fbs.com/img/articles/2445/15...0x1200_q90.png The 34 Moving Average has acted as support. Also, the price is testing resistance at 1.1657, which could be a departure point for another decline in the direction of the closest support at 1.1625. Meanwhile, if we see a pullback from this level, bulls will probably try to reach resistance at 1.1679 - 1.1712 afterwards. More: https://fbs.com/analytics/articles/e...s_support_2445 |
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