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Re: Market news and trade recommendations by FBS
USD/CHF: FRANC APPROACHED THE TARGET
10:11 25.07.2017 Recommendation: SELL 0.9525 SL 0.9580 TP1 0.9400 TP2 0.9370 On the daily chart, USD/CHF is trading within a downtrend towards 224% and 127.2% targets of AB=CD and “Crab” patterns. To activate the reversal “Wolfe waves” pattern bears have to move the pair above 0.9600. https://fbs.com/img/articles/2446/15...0x1200_q90.png On H1, USD/CHF reached targets of “three Indians” and “Spike and ledge” patterns. As a result, the pair reached 161.8% targets of AB=CD. This increases the risks of correction towards 0.9525. The short-term outlook for the franc will depend on this level. https://fbs.com/img/articles/2446/15...0x1200_q90.png More: https://fbs.com/analytics/articles/u...he_target_2446 |
Re: Market news and trade recommendations by FBS
GBP/USD: BULLISH "PENNANT" PATTERN
10:13 25.07.2017 https://fbs.com/img/articles/2447/15...0x1200_q90.png Bulls faced resistance at 1.3057, so the price is consolidating. Meanwhile, the pair is likely going to achieve the next resistance at 1.3077 in the short term. If a pullback from this level happens, we should keep an eye on the nearest support at 1.3029 - 1.3006 as a bearish target. https://fbs.com/img/articles/2447/15...0x1200_q90.png There's a bullish "Pennant" pattern, so the price is likely going to reach the closest resistance at 1.3057 - 1.3077 in the coming hours. Considering a possible pullback from this area, there's an option to have a decline towards the Moving Averages afterwards. More: https://fbs.com/analytics/articles/g...2_pattern_2447 |
Re: Market news and trade recommendations by FBS
EUR/USD: POSSIBLE TRIANGLE IN WAVE (IV)
11:50 25.07.2017 https://fbs.com/img/articles/2451/15...0x1200_q90.png The price is consolidating near 7/8 MM Level. Wave (iv) is likely going to end soon, so we could have another bullish impulse in wave (v) of [v] in the short term. The main intraday target is 8/8 MM Level. https://fbs.com/img/articles/2451/15...0x1200_q90.png There's a possible triangle in wave (iv). The price is likely going to test the lower side of this pattern during the day. If we have a pullback from this level, there'll be an opportunity to have a new local high. More: https://fbs.com/analytics/articles/e..._%28iv%29_2451 |
Re: Market news and trade recommendations by FBS
EUR/USD: BULLS TRY TO DELIVER NEW LOCAL HIGH
16:48 25.07.2017 https://fbs.com/img/articles/2462/15...0x1200_q90.png There isn't any reversal pattern so far. However, if we have a pullback from the nearest resistance level, bears are likely going to test the middle of the last group of white candles. Anyway, bulls will probably try to deliver a new local high afterwards. https://fbs.com/img/articles/2462/15...0x1200_q90.png All the last candles are bullish. Meanwhile, if we see any bearish pattern in the coming hours, there'll be an opportunity to have a downward correction towards the Moving Averages. More: https://fbs.com/analytics/articles/e...ocal_high_2462 |
Re: Market news and trade recommendations by FBS
USD/JPY: "HARAMI" AND "THREE METHODS"
16:53 25.07.2017 https://fbs.com/img/articles/2463/15...0x1200_q90.png There are bullish patterns such a "Harami" and a "Three Methods", which both have been confirmed. So, the market is likely going to reach the 55 Moving Average in the short term https://fbs.com/img/articles/2463/15...0x1200_q90.png The price reached the 55 Moving Average, but we don't have any reversal pattern so far. In this case, the price is likely going to continue moving up during the day. However, we could have a local bearish correction in the next few hours. More: https://fbs.com/analytics/articles/u...ethods%22_2463 |
Re: Market news and trade recommendations by FBS
GBP/USD: MARKET KEEP STAYING ON CLOUD
09:33 26.07.2017 Technical levels: support – 1.3000/10; resistance – 1.3090. Trade recommendations: Buy — 1.3000; SL — 1.2980; TP1 — 1.3040; TP2 — 1.3090. Reason: bullish Ichimoku Cloud with rising Senkou Span A and B; a new golden cross of Tenkan-sen and Kijun-sen, rising Tenkan-sen; the prices are on the support of Kijun-sen https://fbs.com/img/articles/2479/15...0x1200_q90.png More: https://fbs.com/analytics/articles/g..._on_cloud_2479 |
Re: Market news and trade recommendations by FBS
AUD/USD: AUSSIE RETURNED TO CLOUD
09:34 26.07.2017 Technical levels: support – 0.7840, 0.7810; resistance – 0.7930. Trade recommendations: Buy — 0.7840; SL — 0.7820; TP1 — 0.7910; TP2 — 0.79300. Reason: bullish Ichimoku Cloud, but falling Senkou Span A; an irregular golden cross of Tenkan-sen and Kijun-sen with falling lines; the prices are returned to the Cloud. https://fbs.com/img/articles/2480/15...0x1200_q90.png More: https://fbs.com/analytics/articles/a..._to_cloud_2480 |
Re: Market news and trade recommendations by FBS
USD/JPY: BULLS ARE GETTING MORE ACTIVE
10:41 26.07.2017 Recommendation: BUY 112.10 SL 111.55 TP1 113.05, TP2 114.05 On the daily chart, USD/JPY recoiled from support at 110.55. This allowed bulls to counter attack. The pair left the long-term descending channel and is testing resistance at 112.05-112.10. If the test is successful, USD/JPY will continue rising. Otherwise, the pair will reverse downwards. https://fbs.com/img/articles/2483/15...0x1200_q90.png On H1, USD/JPY reached targets of an inverted “Head and Shoulders” pattern. As a result, the pair approached resistance at 112.10 (38.2% of the last bearish wave). The break will increase the odds of the inverted “Shark” pattern with a target at 113%. https://fbs.com/img/articles/2483/15...0x1200_q90.png More: https://fbs.com/analytics/articles/u...re_active_2483 |
Re: Market news and trade recommendations by FBS
NZD/USD: RISKS OF DECLINE
11:00 26.07.2017 Recommendation: SELL 0.7405 SL 0.7460 TP1 0.7305, TP2 0.7225 On the daily chart, NZD/USD reached 113% target of the inverted “Shark” pattern. As a result, the risks of correction towards 23,6%, 38,2% and 50% of the wave CD increased. The “Shark” pattern may transform into 5-0 pattern. For a start, bears should bring the pair below support at 0.7410. https://fbs.com/img/articles/2484/15...0x1200_q90.png On H1, the break below the lower border of the downtrend and consolidation within the “Spike and ledge” pattern on the basis of 1-2-3 will increase the risks of a pullback with the following triggering of the “Shark” pattern (88.6% and 113%). https://fbs.com/img/articles/2484/15...0x1200_q90.png More: https://fbs.com/analytics/articles/n...f_decline_2484 |
Re: Market news and trade recommendations by FBS
EUR/USD: "V-TOP" PATTERN
11:52 26.07.2017 https://fbs.com/img/articles/2486/15...0x1200_q90.png Bulls faced resistance at 1.1712, so we've got a "V-Top" pattern, which has been confirmed. Therefore, the market is likely going to test the nearest support at 1.1615 - 1.1582. If a pullback from this area happens, the price will probably test the last high. https://fbs.com/img/articles/2486/15...0x1200_q90.png We've got a "V-Top" pattern, so the price is testing the 34 Moving Average. In this case, bears are likely going to reach the closest support at 1.1615 - 1.1582 during the day. Meanwhile, there's an opportunity to have another bullish price movement afterwards. More: https://fbs.com/analytics/articles/e...2_pattern_2486 |
Re: Market news and trade recommendations by FBS
GBP/USD: MARKET GOING TEST NEXT SUPPORT
11:55 26.07.2017 https://fbs.com/img/articles/2487/15...0x1200_q90.png The price is consolidating. Also, we've got a "V-Top" pattern, so the market is likely going to test the 34 Moving Average in the short term. If a pullback from this line arrives afterwards, bulls will have a green light to achieve the next resistance at 1.3057 - 1.3083. https://fbs.com/img/articles/2487/15...0x1200_q90.png We've got a bearish "V-Top" pattern, which pushed the price towards the 55 Moving Average. So, the market is likely going to test the next support at 1.2982. If we have a pullback from this level, there'll be an opportunity to have another upward price movement in the direction of resistance at 1.3047 - 1.3057. More: https://fbs.com/analytics/articles/g..._support__2487 |
Re: Market news and trade recommendations by FBS
EUR/USD: 55 MA ACTED AS SUPPORT
12:54 26.07.2017 https://fbs.com/img/articles/2495/15...0x1200_q90.png We've got a bearish "Engulfing", which has been confirmed enough. So, the market is likely going to test the 34 Moving Average. If a pullback from this line happens, there'll be an opportunity to have another upward price movement. https://fbs.com/img/articles/2495/15...0x1200_q90.png There are bearish patterns such a "High Wave" and an "Engulfing". The 55 Moving Average has acted as support, so we could have a local upward correction. However, bears are likely going to deliver a new local low afterwards. More: https://fbs.com/analytics/articles/e...s_support_2495 |
Re: Market news and trade recommendations by FBS
USD/JPY: BEARISH "HARAMI"
12:56 26.07.2017 https://fbs.com/img/articles/2497/15...0x1200_q90.png The last bullish "Three Methods" pushed the price to the 144 Moving Average. At the same time, there's a bearish "High Wave", but this pattern hasn't been confirmed yet. So, the pair is likely going to test the nearest support, which could be a departure point for another bullish price movement. https://fbs.com/img/articles/2497/15...0x1200_q90.png We've got a bearish "Harami", but this pattern hasn't been confirmed yet. If the price fixates under the 55 Moving Average, the market is likely going to continue declining in the short term. More: https://fbs.com/analytics/articles/u...harami%22_2497 |
Re: Market news and trade recommendations by FBS
EUR/USD: PRICE FIXATED UNDER 7/8 MM LEVEL
13:47 26.07.2017 https://fbs.com/img/articles/2499/15...0x1200_q90.png The price fixated under 7/8 MM Level, so wave [v] of 3 may have been formed. Therefore, we could have a downward impulse in wave [a]. The main intraday target is 5/8 MM Level. https://fbs.com/img/articles/2499/15...0x1200_q90.png The last triangle in wave (iv) led to form wave (v) of [v]. Also, we've got bearish wave (i). It seems like wave (ii) is about to end, so we could have another downward impulse in wave (iii) soon. More: https://fbs.com/analytics/articles/e..._mm_level_2499 |
Re: Market news and trade recommendations by FBS
EUR/USD: CONFIRMED "V-TOP" PATTERN
11:13 27.07.2017 https://fbs.com/img/articles/2524/15...0x1200_q90.png Bulls faced resistance at 1.1757, so we've got a "V-Top" pattern, which pushed the price lower. So, the market is likely going to decline towards the nearest support at 1.1712. If a pullback from this level happens, there'll be an opportunity to have another upward price movement in the direction of the next resistance at 1.1757 - 1.1801. https://fbs.com/img/articles/2524/15...0x1200_q90.png We've got a "V-Top", which has been confirmed, so the price is consolidating. In this case, bears are likely going to reach the closest support at 1.1712 - 1.1679. However, if we have a pullback from this area, bulls will probably try to test another resistance at 1.1776 - 1.1801. More: https://fbs.com/analytics/articles/e...2_pattern_2524 |
Re: Market news and trade recommendations by FBS
GBP/USD: MARKET WILL RISE EVEN HIGHER
11:17 27.07.2017 https://fbs.com/img/articles/2525/15...0x1200_q90.png The price has achieved resistance at 1.3137. If a pullback from this level happens, bears are likely going to test the nearest support at 1.3116 - 1.3082. However, the market will probably rise even higher, so we should keep in mind the next resistance at 1.3184 - 1.3234 as an intraday target. https://fbs.com/img/articles/2525/15...0x1200_q90.png There's a "V-Top" pattern, which led to the current consolidation. Therefore, the pair is likely going to decline towards the closest support at 1.3105 - 1.3082. If we see a pullback from these levels, there'll be an option to have a local upward price movement in the direction of the next resistance at 1.3156 - 1.3184. More: https://fbs.com/analytics/articles/g...en_higher_2525 |
Re: Market news and trade recommendations by FBS
GOLD IS RETURNING HOME
12:09 27.07.2017 On the daily chart, after the false break of the neckline of the “Head and shoulders” pattern and successful test of $1255 bulls are trying to return the price inside the previous uptrend channel. If they succeed, the possibility of the uptrend’s resumption will significantly increase. On the other hand, recoil from the diagonal resistance to the downside will return power to bears. https://fbs.com/img/articles/2532/15...0x1200_q90.png On H1, gold is trading within a rising channel. The nearest resistance is at $1276-1279 per ounce (200% target of AB=CD + 78.6% of the last descending wave). https://fbs.com/img/articles/2532/15...0x1200_q90.png More: https://fbs.com/analytics/articles/g...ning_home_2532 |
Re: Market news and trade recommendations by FBS
AUD/USD IS AIMING HIGH
12:19 27.07.2017 Recommendation: BUY 0.8015, SL 0.7960, TP1 0.8100 TP2 0.8200 BUY 0.7965 SL 0.7910 TP1 0.8100 TP2 0.8200 On the daily chart, AUD/USD returned to the uptrend after the consolidation. The pair keeps aiming to 0.8200. As long as it’s trading above 0.7965, bulls are in no danger. The main strategy is to buy Aussie on the pullbacks to the downside. https://fbs.com/img/articles/2533/15...0x1200_q90.png On H1, AUD/USD has made the “Spike and Ledge” pattern on the basis of 1-2-3. The pair aims for the 200%target of AB=CD. The nearest support levels are at 0.8015 and 0.7965. https://fbs.com/img/articles/2533/15...0x1200_q90.png More: https://fbs.com/analytics/articles/a...ming_high_2533 |
Re: Market news and trade recommendations by FBS
EUR/USD: "SHOOTING STAR" AND "ENGULFING"
15:43 27.07.2017 https://fbs.com/img/articles/2540/15...0x1200_q90.png We've got bearish patterns such a "Shooting Star" and an "Engulfing", which both have been confirmed enough. So, the market is likely going to test the nearest support by the middle of the last white candle. https://fbs.com/img/articles/2540/15...0x1200_q90.png There are a "Shooting Star" and a "Harami". Considering confirmation of these patterns, bears are likely going to reach the Moving Averages. If a pullback from these lines happens, we could have another upward price movement. More: https://fbs.com/analytics/articles/e...ulfing%22_2540 |
Re: Market news and trade recommendations by FBS
USD/JPY: BEARISH "ENGULFING"
15:45 27.07.2017 https://fbs.com/img/articles/2541/15...0x1200_q90.png The 55 Moving Average has acted as resistance, so there's a bearish "Engulfing". However, we also have a bullish "Doji", so there's time for a local upward correction. Anyway, bears are likely going to test the last low in the short term. https://fbs.com/img/articles/2541/15...0x1200_q90.png The price has reached the 34 MA, but we don't have any reversal pattern so far. Therefore, bulls are likely going to test the middle of the black candle's group during the day. If any bearish pattern arrives afterwards, there'll be an opportunity to have another decline. More: https://fbs.com/analytics/articles/u...ulfing%22_2541 |
Re: Market news and trade recommendations by FBS
EUR/USD: +1/8 MM LEVEL ACTED AS RESISTANCE
19:13 27.07.2017 https://fbs.com/img/articles/2542/15...0x1200_q90.png We've got a pullback from +2/8 MM Level, so wave [v] of 3 may have been ended. So, there's a developing impulse in wave [i]. However, if a pullback from 5/8 MM Level happens, there'll be an opportunity to have a local upward correction. https://fbs.com/img/articles/2542/15...0x1200_q90.png +1/8 MM Level acted as resistance, so the price is declining in wave [a]. The main intraday target is 4/8 MM Level. Therefore, the low of wave (iv) of [v] is likely going to be broken soon. More: https://fbs.com/analytics/articles/e...esistance_2542 |
Re: Market news and trade recommendations by FBS
AUD/USD: AUSSIE READY TO CONTINUE UPTREND
09:10 28.07.2017 Technical levels: support – 0.7970, 7930; resistance – 0.8020, 0.8080. Trade recommendations: Buy — 0.7970; SL — 0.7950; TP1 — 0.8020; TP2 — 0.8080. Reason: expanding bullish Ichimoku Cloud, rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen; the prices are on the support of Tenkan-sen and Kijun-sen. https://fbs.com/img/articles/2553/15...0x1200_q90.png More: https://fbs.com/analytics/articles/a...e_uptrend_2553 |
Re: Market news and trade recommendations by FBS
USD/JPY: DOLLAR MAY GOING LOWER
09:11 28.07.2017 Technical levels: support – 110.70/80; resistance – 111.20. Trade recommendations: Sell — 111.00; SL — 111.20; TP1 — 110.45; TP2 — 109.80. Reason: bearish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen and the lines are horizontal; the prices are under Tenkan-sen and Kujin-sen and ready to go to new lows. https://fbs.com/img/articles/2554/15...0x1200_q90.png More: https://fbs.com/analytics/articles/u...ing_lower_2554 |
Re: Market news and trade recommendations by FBS
EUR/USD: "V-TOP" PATTERN
10:14 28.07.2017 https://fbs.com/img/articles/2556/15...0x1200_q90.png We've got a "V-Top" pattern, so the price reached the nearest support at 1.1657. However, bears are likely going to test the 34 Moving Average in the short term. If a pullback from this line happens, there'll be an opportunity to have another upward price movement in the direction of the closest resistance at 1.1712 - 1.1757. https://fbs.com/img/articles/2556/15...0x1200_q90.png The price is consolidating near the 55 Moving Average. Also, there's a "Pennant" pattern, so the pair is likely going to decline in the direction of the 89 MA. If we have a pullback from this line, bulls will have a green light to achieve resistance at 1.1712 - 1.1757. More: https://fbs.com/analytics/articles/e...2_pattern_2556 |
Re: Market news and trade recommendations by FBS
GBP/USD: BEARISH "PENNANT" PATTERN
10:16 28.07.2017 https://fbs.com/img/articles/2557/15...0x1200_q90.png Bulls faced resistance at 1.3137, so there's a "Double Top" pattern, which pushed the price to support at 1.3057. It's likely that bears are going to reach another support at 1.3029 in the short term. Meanwhile, if a pullback from this level arrives afterwards, there'll be an option to have an upward price movement in the direction of the nearest resistance at 1.3158 - 1.3184. https://fbs.com/img/articles/2557/15...0x1200_q90.png The price is consolidating above support at 1.3057. At the same time, there's a "Pennant" pattern, so the market is likely going to achieve the next support 1.3029 during the day. If a pullback from this level happens, we should keep an eye on the next resistance as an intraday target. More: https://fbs.com/analytics/articles/g...2_pattern_2557 |
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EUR/USD: BEARS GOING TO MOVE ON
10:28 28.07.2017 https://fbs.com/img/articles/2559/15...0x1200_q90.png We've got bearish patterns such a "Shooting Star", a "Three Black Crows" and an "Engulfing", which all have been confirmed enough. So, bears are likely going to continue pushing the price lower, which means we could have a new local low soon. https://fbs.com/img/articles/2559/15...0x1200_q90.png There's a confirmed bullish "Harami" on the 55 Moving Average. Therefore, the price is likely going to test the nearest resistance level, which could be a departure point for another decline. More: https://fbs.com/analytics/articles/e...o_move_on_2559 |
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USD/JPY: PRICE REACHED LOWER "WINDOW"
10:30 28.07.2017 https://fbs.com/img/articles/2560/15...0x1200_q90.png The middle of the last black candle has acted as resistance, so we've got a "Shooting Star" pattern. However, we could have a local upward correction in the short term. Nevertheless, bears are likely going to deliver a new local low afterwards. https://fbs.com/img/articles/2560/15...0x1200_q90.png The price reached the lower "Window", but there isn't any reversal pattern so far. In this case, we could have just a local bullish correction. Anyway, it's likely that the market is going to continue declining until any bullish pattern forms. More: https://fbs.com/analytics/articles/u...window%22_2560 |
Re: Market news and trade recommendations by FBS
EUR/USD: EURO GATHERS STRENGTH
09:20 31.07.2017 Technical levels: support – 1.1700; resistance – 1.1830. Trade recommendations: Buy — 1.1700; SL — 1.1680; TP1 — 1.1780; TP2 – 1.1830. Reason: bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a new golden cross of Tenkan-sen and Kijun-sen with horizontal Tenkan-sen and Kijun-sen; the market is in consolidation on Tenkan-sen and Kijun-sen. https://fbs.com/img/articles/2572/15...0x1200_q90.png More: https://fbs.com/analytics/articles/e..._strength_2572 |
Re: Market news and trade recommendations by FBS
AUD/USD: BULLS TEMPORARILY QUIETED DOWN
09:21 31.07.2017 Technical levels: support – 0.7970, 7930; resistance – 0.8020, 0.8080. Trade recommendations: Buy — 0.7970; SL — 0.7950; TP1 — 0.8020; TP2 — 0.8080. Reason: bullish Ichimoku Cloud, but falling Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen; the prices are on the support of Tenkan-sen and Kijun-sen and the Cloud. https://fbs.com/img/articles/2573/15...0x1200_q90.png More: https://fbs.com/analytics/articles/a...eted_down_2573 |
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EUR/USD: CONFIRMED "TRIPE TOP"
09:49 31.07.2017 https://fbs.com/img/articles/2577/15...0x1200_q90.png Bulls faced resistance at 1.1757, so the price is consolidating. Therefore, we should keep an eye on the nearest support at 1.1679 as an intraday target. If a pullback from this level happens, there'll be an opportunity to have an upward price movement towards the next resistance at 1.1776 - 1.1801. https://fbs.com/img/articles/2577/15...0x1200_q90.png The price is consolidating under resistance at 1.1757. Also, there's a "Tripe Top" pattern, which has been confirmed. So, bears are likely going to test the 55 & 89 Moving Averages. Meanwhile, if we have a pullback from these lines, bulls will probably try to achieve another resistance at 1.1776 - 1.1801. More: https://fbs.com/analytics/articles/e...pe_top%22_2577 |
Re: Market news and trade recommendations by FBS
GBP/USD: "V-TOP" PATTERN
09:51 31.07.2017 https://fbs.com/img/articles/2578/15...0x1200_q90.png The price faced resistance at 1.3158, so we've got a "V-Top" pattern, which pushed the pair to support at 1.3116. In this case, bears are likely going to test the next support at 1.3083 during the day. If a pullback from this level happens, there'll be an option to have a new local high. https://fbs.com/img/articles/2578/15...0x1200_q90.png More: https://fbs.com/analytics/articles/g...2_pattern_2578 |
Re: Market news and trade recommendations by FBS
GBP/USD: THE RISK OF REVERSAL
09:55 31.07.2017 Recommendations: SELL 1.3060, SL 1.3115, TP 1.2950 BUY 1.3160, SL 1.3105, TP 1.3260 On the daily chart, bears are trying to return GBP/USD inside the previous consolidation range of 1.2930-1.3120. If the pair comes down to its middle, the reversal “Spike and ledge” pattern will be formed. On the other hand, an increase to June high will make GBP/USD continue rising to 200% target of AB=CD pattern. https://fbs.com/img/articles/2579/15...0x1200_q90.png On H1, the Double Top in the area of the third Indian of the “Three Indians” pattern is a strong reversal sign. The break below support at 1.3060 and 1.3000 will lead to a correction. https://fbs.com/img/articles/2579/15...0x1200_q90.png More: https://fbs.com/analytics/articles/g..._reversal_2579 |
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USD/CHF: FRANC IS RIDING THE WAVES
10:08 31.07.2017 Recommendation: BUY 0.9720, SL 0.9665, TP1 0.9860, TP2 0.9890 On the daily chart, USD/CHF has reached the targets of “Wolfe waves” pattern. Thanks to it, the pair left the medium-term bearish channel. If the pair rises to July high, there may be a correction towards the upper border of the descending trend. https://fbs.com/img/articles/2581/15...0x1200_q90.png On H1, USD/CHF formed a “Dragon” pattern. At the moment, it’s forming the “Head of a dragon” or consolidating in the 0.9660-0.9720 area. The break of the upper border will increase the risks of a rally. https://fbs.com/img/articles/2581/15...0x1200_q90.png More: https://fbs.com/analytics/articles/u...the_waves_2581 |
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EUR/USD: "ENGULFING" AND "TWEEZERS"
16:34 31.07.2017 https://fbs.com/img/articles/2595/15...0x1200_q90.png There are bearish patterns such a "Shooting Star, an "Engulfing" and a "Tweezers". However, confirmation of these patterns isn't enough, so we could have just a local downwards correction. If a pullback from the nearest support happens, there'll be an opportunity to have another upward price movement. https://fbs.com/img/articles/2595/15...0x1200_q90.png There's a "Hanging Man" at the last high, which has been confirmed enough. So, bears are likely going to test the 55 Moving Average, which could be a departure point for another bullish rally. More: https://fbs.com/analytics/articles/eur_usd%3a_%22engulfing%22_and_%22tweezers%22_2595 |
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USD/JPY: "HARAMI" PATTERN
16:38 31.07.2017 https://fbs.com/img/articles/2596/15...0x1200_q90.png We've got a "Harami" pattern, which just has been formed. Therefore, there's an opportunity to have a local upward correction, but bears will probably try to deliver a new local low afterwards. https://fbs.com/img/articles/2596/15...0x1200_q90.png There's a "Shooting Star", which has confirmation. In this case, the 34 Moving Average is likely going to act as support. If we see a pullback from this line, there'll be an opportunity to have another decline in the direction of the lower "Window". More: https://fbs.com/analytics/articles/u...2_pattern_2596 |
Re: Market news and trade recommendations by FBS
EUR/USD: BEARISH IMPULSE IN WAVE (I)
17:15 31.07.2017 https://fbs.com/img/articles/2597/15...0x1200_q90.png The price is consolidating between the levels +1/8 & 8/8. If the pair fixates under 8/8 MM Level, there'll be an opportunity to have bearish wave [a]. In this case, we should keep an eye on 5/8 MM Level as an intraday target https://fbs.com/img/articles/2597/15...0x1200_q90.png It's likely that there's a bearish impulse in wave (i). However, wave (ii) is a quite big, so this wave count will be unconfirmed until a downward impulse in the direction of wave (iii) arrives. More: https://fbs.com/analytics/articles/e...e_%28i%29_2597 |
Re: Market news and trade recommendations by FBS
GBP/USD: POUND IS UNDER MAIN RESISTANCE
08:26 01.08.2017 Technical levels: support – 1.3160; resistance – 1.3230. Trade recommendations: Sell — 1.3210; SL — 1.3230; TP1 — 1.3160; TP2 — 1.3110. Reason: bullish Ichimoku Cloud with rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, the rising lines; but the market is under strong daily resistance. https://fbs.com/img/articles/2617/15...0x1200_q90.png More: https://fbs.com/analytics/articles/g...esistance_2617 |
Re: Market news and trade recommendations by FBS
USD/JPY: DOLLAR MADE NEW LOCAL LOWS
08:28 01.08.2017 Technical levels: support – 110.00; resistance – 110.50. Trade recommendations: Sell — 110.50; SL — 110.70; TP1 — 110.00; TP2 — 109.60. Reason: bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with the falling lines; the prices are made the new lows, but the market is oversold. https://fbs.com/img/articles/2618/15...0x1200_q90.png More: https://fbs.com/analytics/articles/u...ocal_lows_2618 |
Re: Market news and trade recommendations by FBS
USD/JPY: YEN GAINS POWER
09:46 01.08.2017 On the daily chart, bears managed to pull the pair below 110.50 (23.6% of the last descending wave) and settled below this level. Sellers retain control of the pair and pull the pair towards 200% target of AB=CD pattern. In order to counterattack, bulls need to return the pair above 110.50. https://fbs.com/img/articles/2622/15...0x1200_q90.png On H1, the situation looks desperate for buyers. The nearest support levels are close to 109.65, 109.01-109.15 and 108.70. They correspond to 127.2%, 161.8%, 200% and 224% of AB=CD pattern. https://fbs.com/img/articles/2622/15...0x1200_q90.png More: https://fbs.com/analytics/articles/u...ins_power_2622 |
Re: Market news and trade recommendations by FBS
NZD/USD TOOK A BREAK
09:54 01.08.2017 Recommendation: BUY 0.7525 SL 0.7470 TP1 0.7700, TP2 0.7900 On the daily chart, NZD/USD reached 113% target of the inverted “Shark” pattern. This increases the risks of correction, but doesn’t cancel the long-term uptrend. Increase towards 0.7900 (161.8% target of AB=CD) will likely continue. https://fbs.com/img/articles/2623/15...0x1200_q90.png On H1, NZD/USD formed a triangle and a “Spike and ledge” pattern on the basis of 1-2-3. If the pair quits the 0.7460-0.7525 range, the uptrend may resume or the pair may correct towards the lower border of the trading channel. https://fbs.com/img/articles/2623/15...0x1200_q90.png More: https://fbs.com/analytics/articles/n...k_a_break_2623 |
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