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Re: Market news and trade recommendations by FBS
EUR/USD: "DOUBLE TOP" PATTERN
10:03 01.08.2017 https://fbs.com/img/articles/2624/15...0x1200_q90.png Bulls faced resistance at 1.1846, so the price is consolidating. Therefore, the market is likely going to reach the nearest support at 1.1776 in the short term. If we see a pullback from this level, there'll be an opportunity to have another upward price movement in the direction of the next resistance at 1.1875 - 1.1923. https://fbs.com/img/articles/2624/15...0x1200_q90.png There's a "Double Top" pattern, so bears are likely going to achieve the closest support at 1.1801 - 1.1776. However, if a pullback from this area happens, bulls will have a green light to test the nearest resistance at 1.1846 - 1.1875. More: https://fbs.com/analytics/articles/e...2_pattern_2624 |
Re: Market news and trade recommendations by FBS
GBP/USD: CONFIRMED "THORN" PATTERN
10:06 01.08.2017 https://fbs.com/img/articles/2625/15...0x1200_q90.png The price found resistance at 1.3234, so we should keep an eye on the nearest support at 1.3158 as an intraday bearish target. If a pullback from this level arrived afterwards, there'll be an option to have another bullish rally towards the next resistance at 1.3277. https://fbs.com/img/articles/2625/15...0x1200_q90.png We've got a "Thorn" pattern, which has been confirmed. So, the pair is likely going to test the closest support at 1.3184 - 1.3175 during the day. Meanwhile, if a pullback from this area happens, bulls will probably try to reach another resistance at 1.3234 - 1.3277. More: https://fbs.com/analytics/articles/g...2_pattern_2625 |
Re: Market news and trade recommendations by FBS
EUR/USD: BEARISH "TWEEZERS"
16:52 01.08.2017 https://fbs.com/img/articles/2640/15...0x1200_q90.png We've got a bearish "Tweezers", but this pattern hasn't been confirmed yet. So, we should keep an eye on the nearest support level, which could be a departure point for another upward price movement. https://fbs.com/img/articles/2640/15...0x1200_q90.png There are bearish patterns such an "Engulfing", a "High Wave" and a "Tweezers", which all have been confirmed. In this case, bears are likely going to test the 55 Moving Average in the short term. More: https://fbs.com/analytics/articles/e...eezers%22_2640 |
Re: Market news and trade recommendations by FBS
USD/JPY: BULLISH "HIGH WAVE"
16:54 01.08.2017 https://fbs.com/img/articles/2641/15...0x1200_q90.png There's a bullish "High Wave" at the last low. Considering confirmation of this pattern, there's an opportunity to have an upward price movement towards the 21 Moving Average. If a pullback from this line happens, we could have just another decline. https://fbs.com/img/articles/2641/15...0x1200_q90.png The lower "Window" has acted as support, so we've got a "Harami" pattern on this level. The main intraday target is the 34 Moving Average, which could be a departure point for a local correction at least. More: https://fbs.com/analytics/articles/u...h_wave%22_2641 |
Re: Market news and trade recommendations by FBS
EUR/USD: "FLAG" PATTERN
10:53 02.08.2017 https://fbs.com/img/articles/2657/15...0x1200_q90.png The price is consolidating between the levels 1.1846 - 1.1776. Also, there's a "Flag" pattern, so the market is likely going to test the nearest resistance at 1.1846 - 1.1875. If a pullback from this area happens, there'll be an opportunity to have a decline towards the closest support at 1.1801. https://fbs.com/img/articles/2657/15...0x1200_q90.png We've got a "Flag" right under resistance at 1.1846. It's likely that the price is going to test the lower side of this pattern. Anyway, bulls will probably try to test the next resistance at 1.1846 - 1.1875 afterwards. More: https://fbs.com/analytics/articles/e...2_pattern_2657 |
Re: Market news and trade recommendations by FBS
GBP/USD: BEARS GOING TO TEST NEAREST SUPPORT
10:55 02.08.2017 https://fbs.com/img/articles/2658/15...0x1200_q90.png There's a "Triple Top" at the last high. If this pattern confirms, bears are likely going to test the nearest support at 1.3158. Meanwhile, if a pullback from this level happens afterwards, there'll be an opportunity to have another upward price movement towards the next resistance at 1.3234 - 1.3277. https://fbs.com/img/articles/2658/15...0x1200_q90.png The price is still consolidating. However, there's a "Triple Top" pattern, which has been confirmed, but bears faced support at 1.2184. So, we could have a local correction during the day. Nevertheless, we should keep an eye on the next support as an intraday bearish target. More: https://fbs.com/analytics/articles/g...t_support_2658 |
Re: Market news and trade recommendations by FBS
GOLD: BULLS STARTED TO LOSE
10:56 02.08.2017 Recommendation: SELL $1263 SL $1273 TP $1248. On the daily chart, bulls keep trying to return the prices inside the previous uptrend channel. Gold price formed an inside bar and doji. This points at uncertainty. Buyers’ success will allow us to expect a resumption of an uptrend, while their failure will trigger a correction. https://fbs.com/img/articles/2659/15...0x1200_q90.png On H1, the prices reached 200% target of AB=CD and finished forming the “Widening wedge” pattern. The break of support at $1263 an ounce will open the way down to $1257 and $1248. https://fbs.com/img/articles/2659/15...0x1200_q90.png More: https://fbs.com/analytics/articles/g...d_to_lose_2659 |
Re: Market news and trade recommendations by FBS
AUD/USD MADE A STOP
11:03 02.08.2017 Recommendations: SELL 0.7920, SL 0.7985, TP 0.7820 BUY 0.7760, SL 0.7705, TP1 0.7880, TP2 0.8030, TP3 0.8200 On the daily chart, there’s a “Spike and reversal with acceleration” pattern. The break of a trendline in the ‘spike” phase increases the risks of correction towards 0.7800. In that area, there’s a 88.6% target of a “Shark” pattern and the lower border of the bullish channel. https://fbs.com/img/articles/2660/15...0x1200_q90.png On H1, there’s a “Shakeout-Fakeout” pattern. Return of the pair to the middle of the 0.7880-0.7965 channel will strengthen the risks of a pullback towards 113% and 161.8% targets of “Shark” and “Crab” patterns. https://fbs.com/img/articles/2660/15...0x1200_q90.png More: https://fbs.com/analytics/articles/a...de_a_stop_2660 |
Re: Market news and trade recommendations by FBS
EUR/USD: EURO ON NEW HIGHS
12:41 02.08.2017 Technical levels: support – 1.1820; resistance – 1.1935. Trade recommendations: Buy — 1.1820; SL — 1.1800; TP1 — 1.1900; TP2 – 1.1930. Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen and Kijun-sen; the prices made a new local highs since 2015 year. https://fbs.com/img/articles/2662/15...0x1200_q90.png More: https://fbs.com/analytics/articles/e...new_highs_2662 |
Re: Market news and trade recommendations by FBS
AUD/USD: AUSSIE RETURNED TO CLOUD AGAIN
12:41 02.08.2017 Technical levels: support – 0.7910/20; resistance – 0.7990. Trade recommendations: Buy — 0.7910; SL — 0.7890; TP1 — 0.7990; TP2 — 0.8030. Reason: bullish Ichimoku Cloud, but falling Senkou Span A; a cancelled golden cross of Tenkan-sen and Kijun-sen wit horizontal lines; the prices are on the support of the Cloud. https://fbs.com/img/articles/2663/15...0x1200_q90.png More: https://fbs.com/analytics/articles/a...oud_again_2663 |
Re: Market news and trade recommendations by FBS
EUR/USD: "HARAMI" PATTERN
14:45 02.08.2017 https://fbs.com/img/articles/2672/15...0x1200_q90.png There's a bearish "Harami" at the last high. If this pattern confirms, the market is likely going to test the nearest support level. Anyway, bulls will probably try to push the price even higher afterwards. https://fbs.com/img/articles/2672/15...0x1200_q90.png We've got a "Harami" pattern, so bears are likely going to test the 34 Moving Average during the day. Meanwhile, if a pullback from this line happens, we could have just another upward price movement. More: https://fbs.com/analytics/articles/e...2_pattern_2672 |
Re: Market news and trade recommendations by FBS
USD/JPY: "WINDOW" ACTED AS SUPPORT
14:48 02.08.2017 https://fbs.com/img/articles/2673/15...0x1200_q90.png The last bullish "High Wave" pattern has been confirmed, so the price reached the 21 Moving Average. However, the pair is likely going to test the next 34 MA. If a pullback from this line happens afterwards, there'll be an opportunity to have a decline towards the nearest support level. https://fbs.com/img/articles/2673/15...0x1200_q90.png The lower "Window" has acted as support, so we're going to have a bullish correction. The main intraday target is the 34 Moving Average, which could be a departure point for another decline. More: https://fbs.com/analytics/articles/u...s_support_2673 |
Re: Market news and trade recommendations by FBS
EUR/USD: EURO IS AIMING NORTH
09:47 03.08.2017 On the daily chart, EUR/USD keeps forming the wave 4-5 of the “Widening wave” pattern. In future, 23.6%, 38.2% and 50% of this wave may be used for opening long positions. However, it’s firstly necessary to wait until the wave is finished. https://fbs.com/img/articles/2695/15...0x1200_q90.png On H1, there is a “Spike and reversal with an acceleration” pattern. At the moment, the pair is in the “Spike” phase. The break of a trend line will strengthen the risks of decline towards support at 1.1765, 1.1680 and 1.1580. Never the less, as long as the pair’s above the lower border of the uptrend channel, bulls remain in control. https://fbs.com/img/articles/2695/15...0x1200_q90.png More: https://fbs.com/analytics/articles/e...ng_north__2695 |
Re: Market news and trade recommendations by FBS
USD/CAD: BULLS ARE HAVING TROUBLES
09:55 03.08.2017 Recommendation: SELL 1.2540 SL 1.2595 TP1 1.2420, TP2 1.2200 On the daily chart, we see a start of correction to the downtrend towards 23.6%, 38.2% and 50% of the wave CD. It became possible because the “Shark” pattern transformed into 5-0. To confirm their intentions, bulls need to lead the pair outside of the downtrend channel. https://fbs.com/img/articles/2696/15...0x1200_q90.png On H1, USD/CAD is forming the “Dragon” pattern. Usually the dragon's head forms in the convergence area on the levels of the dragon’s head (1.2610-1.2635). If bulls fail to get above the resistance, risks of the “rising wedge” will increase. https://fbs.com/img/articles/2696/15...0x1200_q90.png More: https://fbs.com/analytics/articles/u..._troubles_2696 |
Re: Market news and trade recommendations by FBS
EUR/USD: "THORN" PATTERN
11:25 03.08.2017 https://fbs.com/img/articles/2700/15...0x1200_q90.png The last "Flag" pattern led to another bullish rally, so the price faces resistance at 1.1923. Also, there's a "Thorn" pattern, which means the market is likely going to reach the nearest support at 1.1801. If a pullback from this level happens, we could have another upward price movement towards the next resistance at 1.1875 - 1.1923. https://fbs.com/img/articles/2700/15...0x1200_q90.png There's a "Thorn" pattern, so the price achieved support at 1.1846. In this case, we could have a local bullish price movement towards the closest resistance at 1.1876. If a pullback from this level arrives afterwards, bears are likely going to test the nearest support at 1.1818 - 1.1801. More: https://fbs.com/analytics/articles/e...2_pattern_2700 |
Re: Market news and trade recommendations by FBS
GBP/USD: "RISING WEDGE" PATTERN
11:27 03.08.2017 https://fbs.com/img/articles/2701/15...0x1200_q90.png The price is consolidating under resistance at 1.3234, but we've got a "Double Top". If this pattern confirms, bears are likely going to test the nearest support at 1.3184. If a pullback from this level happens, there'll be an opportunity to have an upward price movement towards the next resistance at 1.3277. https://fbs.com/img/articles/2701/15...0x1200_q90.png We've got a "Rising Wedge" pattern, so the price is likely going to test the closest resistance at 1.3243 - 1.3250 during the day. However, if we see a pullback from this area, bulls will have a green light to achieve another support at 1.3207 - 1.3184. More: https://fbs.com/analytics/articles/g...2_pattern_2701 |
Re: Market news and trade recommendations by FBS
EUR/USD: "SHOOTING STAR" PATTERN
15:10 03.08.2017 https://fbs.com/img/articles/2714/15...0x1200_q90.png We've got a "Shooting Star" pattern, which hasn't been confirmed yet. So, we could have just a local bearish correction towards the last "Three Methods" pattern. However, bulls will probably try to deliver a new high afterwards. https://fbs.com/img/articles/2714/15...0x1200_q90.png There's a local bullish "Hammer", so the price is likely going to test the nearest resistance. If a pullback from this level happens, bears will have a green light to test the 89 Moving Average. More: https://fbs.com/analytics/articles/e...2_pattern_2714 |
Re: Market news and trade recommendations by FBS
AUD/USD: BULLS LOOK STRONG
09:03 04.08.2017 Technical levels: support – 0.7950; resistance – 0.7990. Trade recommendations: Buy — 0.7970; SL — 0.7950; TP1 — 0.8030; TP2 — 0.8080. Reason: bullish Ichimoku Cloud; horizontal Senkou Span A, but rising Senkou Span A; a correctional dead cross of Tenkan-sen and Kijun-sen wit horizontal lines; the prices are in the Cloud, but bulls are trying to break out into the positive area. https://fbs.com/img/articles/2732/15...0x1200_q90.png More: https://fbs.com/analytics/articles/a...ok_strong_2732 |
Re: Market news and trade recommendations by FBS
USD/JPY: DOLLAR’S FALLING CONTINUE
09:04 04.08.2017 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; a cancelled dead cross of Tenkan-sen and Kijun-sen, horizontal lines; the prices are made the new low – waiting for the correction to Tenkan an Kijun. https://fbs.com/img/articles/2733/15...0x1200_q90.png More: https://fbs.com/analytics/articles/u..._continue_2733 |
Re: Market news and trade recommendations by FBS
GBP/USD: PICTURE TURNED NEGATIVE
10:36 04.08.2017 Recommendation: SELL 1.3075 SL 1.3130 TP1 1.2925 TP2, 1.2860 On the daily chart, there was a combination of the senior and junior “3 Indians” patterns. As a result, the pair fell to support at 1.3120. To develop correction, bears will have to return the prices to the middle of the previous consolidation range (1.2930-1.3120). In this case, the pair will trigger “Spike and ledge” pattern. On the other hand, recoil from these levels to the downside will allow the bulls to return the initiative. https://fbs.com/img/articles/2737/15...0x1200_q90.png On H1, if the prices break below support at 1.3105 and leave the uptrend channel, risks of a “Shark” pattern will increase. https://fbs.com/img/articles/2737/15...0x1200_q90.png More: https://fbs.com/analytics/articles/g..._negative_2737 |
Re: Market news and trade recommendations by FBS
EUR/USD: BULLS GOING TO TEST NEXT RESISTANCE
10:39 04.08.2017 https://fbs.com/img/articles/2738/15...0x1200_q90.png The price is consolidating along resistance at 1.1875. So, bulls are likely going to test the next resistance at 1.1923. If a pullback from this level happens afterwards, there'll be an opportunity to have a decline towards the nearest support at 1.1801. https://fbs.com/img/articles/2738/15...0x1200_q90.png There's a consolidation, which is taking place between the levels 1.1909 - 1.1846. It seems like the market is going to reach the closest support at 1.1856 - 1.1846 during the day. However, if we see a pullback from these levels, bulls will probably try to achieve another resistance at 1.1923 More: https://fbs.com/analytics/articles/e...esistance_2738 |
Re: Market news and trade recommendations by FBS
GBP/USD: "RISING WEDGE" LED TO MASSIVE DECLINE
10:41 04.08.2017 https://fbs.com/img/articles/2739/15...0x1200_q90.png We've got a "Triple Top" pattern, so the price reached the 34 Moving Average. Nevertheless, bears are likely going to test the next support at 1.3083. If we see a pullback from this level, there'll be an option to have an upward correction towards the nearest resistance at 1.3158 - 1.3184. https://fbs.com/img/articles/2739/15...0x1200_q90.png The last "Rising Wedge" pattern led to the yesterday's massive decline. The main intraday target is the 55 Moving Average, which could be a departure point for another decline in the direction of the closest support at 1.3083. More: https://fbs.com/analytics/articles/g...e_decline_2739 |
Re: Market news and trade recommendations by FBS
USD/CHF: PREPARING FOR A RALLY
10:46 04.08.2017 Recommendation: BUY 0.9720 SL 0.9665 TP1 0.9890, TP2 1.0025 On the daily chart, USD/CHF keeps trading within the “Wolfe waves” pattern. Bulls managed to keep the pair above support at 0.9650. If the pair rises above July high, it will continue going up towards 1.0025-1.0030. Here there’s target of the reversed “Shark” pattern. https://fbs.com/img/articles/2741/15...0x1200_q90.png On H1, the pair finishes forming the “Dragon” pattern. The pair’s currently testing the head of the dragon located at the level of the dragon’s curling tail. USD/CHF is consolidating in the 0.9635-0.9720. The break above the upper border will strengthen the odds of a further rally. https://fbs.com/img/articles/2741/15...0x1200_q90.png More: https://fbs.com/analytics/articles/u..._a_rally__2741 |
Re: Market news and trade recommendations by FBS
EUR/USD: BULLISH "HAMMER"
12:06 04.08.2017 https://fbs.com/img/articles/2743/15...0x1200_q90.png The last "Shooting Star" hasn't been confirmed. Also, there isn't any reversal pattern so far, which means the market is likely going to continue moving up. If any bearish pattern forms afterwards, there'll be an opportunity to have a downward correction. https://fbs.com/img/articles/2743/15...0x1200_q90.png We've got a bullish "Hammer", which led to the current upward price movement. In this case, the pair is likely going to reach the nearest resistance during the day. If a pullback from this level happens, we should keep an eye on the 55 Moving Average as the next bearish target. More: https://fbs.com/analytics/articles/e...hammer%22_2743 |
Re: Market news and trade recommendations by FBS
USD/JPY: CONFIRMED BULLISH "ENGULFING"
12:08 04.08.2017 https://fbs.com/img/articles/2744/15...0x1200_q90.png There's a "Hammer", which has been formed on the lower "Window". If this pattern confirms, the pair is likely going to test the 21 Moving Average, which could be a departure point for another decline https://fbs.com/img/articles/2744/15...0x1200_q90.png The last bullish "Engulfing" pattern has been confirmed, so the market is likely going to rise in the short term. The main intraday target is the 55 Moving Average and the nearest "Window". More: https://fbs.com/analytics/articles/u...ulfing%22_2744 |
Re: Market news and trade recommendations by FBS
GBP/USD WITH ANOTHER POSSIBLE LEG LOWER
22:45 06.08.2017 GBP/USD was one of the major losers during last week, following BoE’s decision to keep rates unchanged and positive NFP data in the United States. Currently, the pair is forming a lower low pattern below the 1.3058 level and it’s awaiting to duplicate a cycle started since August 3rd, towards the 1.3010 level, at which is located the Fibonacci zone of 100%. That’s why our preferred scenario is calling for another leg lower, but above 1.2974, Cable might start to correct the downside and such rebound could be limited in a first degree by the resistance area of 1.3123. RSI indicator is still at the oversold territory. https://fbs.com/img/articles/2757/15...0x1200_q90.png More: https://fbs.com/analytics/articles/g...leg_lower_2757 |
Re: Market news and trade recommendations by FBS
GBP/USD: POUND SUPPORTED BY SSB
09:56 07.08.2017 Technical levels: support – 1.3030; resistance – 1.3140. Trade recommendations: Buy — 1.3040; SL — 1.3020; TP1 — 1.3110; TP2 — 1.3140. Reason: narrowing bullish Ichimoku Cloud with falling Senkou Span A; a new correctional dead cross of Tenkan-sen and Kijun-sen; the prices entered into the Cloud but supported by Senkou Span B. https://fbs.com/img/articles/2763/15...0x1200_q90.png More: https://fbs.com/analytics/articles/g...ed_by_ssb_2763 |
Re: Market news and trade recommendations by FBS
AUD/USD: AUSSIE ENTERED INTO NEUTRAL AREA
09:57 07.08.2017 Technical levels: support – 0.7910, 0.7830; resistance – 0.7990. Trade recommendations: Buy — 0.7830; SL — 0.7810; TP1 — 0.7990; TP2 — 0.8030. Sell — 0.7920; SL — 0.7940; TP1 — 0.7830. Reason: bullish Ichimoku Cloud, but falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen; the prices are entered into the Cloud and may going lower to the support of Senkou Span B. https://fbs.com/img/articles/2764/15...0x1200_q90.png More: https://fbs.com/analytics/articles/a...tral_area_2764 |
Re: Market news and trade recommendations by FBS
EUR/USD: CONFIRMED "DOUBLE TOP" PATTERN
10:51 07.08.2017 https://fbs.com/img/articles/2767/15...0x1200_q90.png We've got a "Double Top" pattern, which has been confirmed. Also, the 34 Moving Average has acted as support, so the price is consolidating. Nevertheless, the pair is likely going to reach the next support at 1.1683 in the short term. If a pullback from this level happens, there'll be an opportunity to have an upward price movement towards the nearest resistance at 1.1757 - 1.1801. https://fbs.com/img/articles/2767/15...0x1200_q90.png There's a consolidation, which is taking place under resistance at 1.1801. However, bears are likely going to achieve the closest support at 1.1712 - 1.1683 during the day. If a pullback from this area happens, we should keep an eye on resistance at 1.1784 - 1.1801 as an intraday target. More: https://fbs.com/analytics/articles/e...2_pattern_2767 |
Re: Market news and trade recommendations by FBS
GBP/USD: BEARISH "PENNANT" PATTERN
10:55 07.08.2017 https://fbs.com/img/articles/2768/15...0x1200_q90.png The 89 Moving Average has acted as support, so the price is consolidating. It's likely that the market is going to reach the nearest support at 1.2997 - 1.2982 in the short term. Meanwhile, if a pullback from these levels happens, bulls will have a green light to achieve the closest resistance at 1.3083. https://fbs.com/img/articles/2768/15...0x1200_q90.png There's a bearish "Pennant" pattern, so the pair is likely going to continue moving down. The main intraday target is the next support at 1.2997 - 1.2982. This area could be a departure point for a bullish price movement in the direction of the nearest resistance at 1.3083 More: https://fbs.com/analytics/articles/g...2_pattern_2768 |
Re: Market news and trade recommendations by FBS
GBP/USD: BEARISH "PENNANT" PATTERN
10:55 07.08.2017 https://fbs.com/img/articles/2768/15...0x1200_q90.png The 89 Moving Average has acted as support, so the price is consolidating. It's likely that the market is going to reach the nearest support at 1.2997 - 1.2982 in the short term. Meanwhile, if a pullback from these levels happens, bulls will have a green light to achieve the closest resistance at 1.3083. https://fbs.com/img/articles/2768/15...0x1200_q90.png There's a bearish "Pennant" pattern, so the pair is likely going to continue moving down. The main intraday target is the next support at 1.2997 - 1.2982. This area could be a departure point for a bullish price movement in the direction of the nearest resistance at 1.3083 More: https://fbs.com/analytics/articles/g...2_pattern_2768 |
Re: Market news and trade recommendations by FBS
USD/JPY: YEN FOUND A DRAGON
11:14 07.08.2017 Recommendation: BUY 111.05 SL 110.6 TP1 111.65 TP2 112.15 On the daily chart, USD/JPY managed to overcome resistance at 100.52 (23.6% of the long-term descending wave) and quit the uptrend channel. To prove the seriousness of their intentions, bulls need to hold positions. https://fbs.com/img/articles/2770/15...0x1200_q90.png On H1, USD/JPY keeps forming the reversal “Dragon” pattern. To move up and keep forming the dragon’s head at the level of the dragon’s head (111.6) bulls need to conquer resistance at 110.92 and renew correction low at 111.05. https://fbs.com/img/articles/2770/15...0x1200_q90.png More: https://fbs.com/analytics/articles/u..._a_dragon_2770 |
Re: Market news and trade recommendations by FBS
EUR/JPY: BULLS MADE A STOP
11:36 07.08.2017 Recommendation: SELL 129.5, SL 130.05, TP1 128.5, TP2 127.95 BUY 130.2, SL 129.65, TP1 131.2, TP2 134.00 On the daily chart, EUR/JPY starts consolidating in the 128.5-131.3. If support at 128.5 fails, the pair may decline to 88.6% target of the “Shark” pattern. [IMG]https://fbs.com/img/articles/2771/1502094952-fa430eaffb39706e0abe384cb0fb524f_1200x1200_q90.png[/IG] On H1, if bulls fail to renew August high in the near term, “Shakeout-Fakeout” may form. The pair was trading in the 128.5-130.5 range for several weeks. Return to its middle will mean a false breakout. https://fbs.com/img/articles/2771/15...0x1200_q90.png More: https://fbs.com/analytics/articles/e...de_a_stop_2771 |
Re: Market news and trade recommendations by FBS
EUR/JPY: BULLS MADE A STOP
11:36 07.08.2017 Recommendation: SELL 129.5, SL 130.05, TP1 128.5, TP2 127.95 BUY 130.2, SL 129.65, TP1 131.2, TP2 134.00 On the daily chart, EUR/JPY starts consolidating in the 128.5-131.3. If support at 128.5 fails, the pair may decline to 88.6% target of the “Shark” pattern. https://fbs.com/img/articles/2771/15...0x1200_q90.png On H1, if bulls fail to renew August high in the near term, “Shakeout-Fakeout” may form. The pair was trading in the 128.5-130.5 range for several weeks. Return to its middle will mean a false breakout. https://fbs.com/img/articles/2771/15...0x1200_q90.png More: https://fbs.com/analytics/articles/e...de_a_stop_2771 |
Re: Market news and trade recommendations by FBS
EUR/USD: "HAMMER" LED TO BULLISH CORRECTION
14:19 07.08.2017 https://fbs.com/img/articles/2776/15...0x1200_q90.png The last "Shooting Star" and "Engulfing" patterns have been confirmed, but the 34 Moving Average has acted as support. So, we could have a local upward correction in the short term. Nevertheless, bears are likely going to test the 55 MA afterwards. https://fbs.com/img/articles/2776/15...0x1200_q90.png There's an "Inverted Hammer" at the last low, so the price is rising. It's likely that the market is going to continue moving up towards the nearest resistance area. If any bearish pattern arrives later on, we could have just another decline.] More: https://fbs.com/analytics/articles/e...orrection_2776 |
Re: Market news and trade recommendations by FBS
USD/JPY: "WINDOW" ACTED AS SUPPORT
14:21 07.08.2017 https://fbs.com/img/articles/2777/15...0x1200_q90.png The lower "Window" has acted as support, so there are bullish patterns such a "Hammer" and a "Doji". In this case, we should keep an eye on the 89 Moving Average as an intraday target, which could bring any bearish pattern afterwards. https://fbs.com/img/articles/2777/15...0x1200_q90.png We've got a pullback from the upper "Window", so there's a "Shooting Star". However, confirmation of this pattern is a quite weak, so we could have one more test of the "Window". If another pullback arrives later on, there'll be an opportunity to have a decline towards the Moving Averages. More: https://fbs.com/analytics/articles/u...s_support_2777 |
Re: Market news and trade recommendations by FBS
NZD/CHF FALLING INSIDE PRIMARY IMPULSE WAVE ?
20:21 07.08.2017 NZD/CHF falling inside primary impulse wave ? Next buy target - 0.9800 NZD/CHF continues to fall inside the primary impulse wave ?, which started earlier from the resistance zone lying between the key resistance level 0.7320 (which stopped the previous impulse waves 3 and 5,as can be seen from the weekly NZD/CHF chart below) and the upper weekly Bollinger Band. Given the strength of the aforementioned resistance zone and the overbought reading on the weekly Stochastic indicator - NZD/CHF is expected to fall further to next sell target at the next round support level 0.7000 (which reversed earlier wave B). https://cdn.pbrd.co/images/GEzOnYQ.png More: https://fbs.com/analytics/articles/n...%E2%91%A2_2782 |
Re: Market news and trade recommendations by FBS
EUR/NZD REVERSED FROM SUPPORT ZONE
20:22 07.08.2017 EUR/NZD reversed from support zone Next buy target - 1.6200 EUR/NZD continues to rise inside the minor impulse wave (iii) which earlier reversed up from the key support zone lying between the support level 1.5890 (which stopped the previous impulse wave (i) in the middle of June, as can be seen below) and the 38.2% Fibonacci correction of the previous sharp upward impulse from the end of July. EUR/NZD is expected to rise further to the next buy target at the next resistance level 1.6200 (top of the earlier wave A and the target price for the completion of the active impulse (iii)). https://cdn.pbrd.co/images/GEzPRTL.png More: https://fbs.com/analytics/articles/e...port_zone_2783 |
Re: Market news and trade recommendations by FBS
USD/JPY: BULLS PREVENTED BY CLOUD
11:34 08.08.2017 Technical levels: support – 110.00, 110.40; resistance – 110.70. Trade recommendations: Sell — 110.40; SL — 110.60; TP1 — 110.00; TP2 — 109.60. Buy — 110.80; SL — 110.60; TP1 — 111.40; TP2 — 111.80. Reason: bearish Ichimoku Cloud with horizontal Senkou Span A and B; a corretional dead cross of Tenkan-sen and Kijun-sen, rising Tenkan-sen; the Cloud’s resistance is under the bull’s attack. https://fbs.com/img/articles/2806/15...0x1200_q90.png More: https://fbs.com/analytics/articles/u..._by_cloud_2806 |
Re: Market news and trade recommendations by FBS
EUR/USD: 34 MA ACTED AS SUPPORT
10:46 08.08.2017 https://fbs.com/img/articles/2801/15...0x1200_q90.png The 34 Moving Average has acted as support, so the price is consolidating. Nevertheless, bears are likely going to test the next support at 1.1757, so we could have a new low soon. If a pullback from this level happens, there'll be an opportunity to have an upward price movement towards the nearest resistance at 1.1801 - 1.1845. https://fbs.com/img/articles/2801/15...0x1200_q90.png There's a "V-Top" pattern, so the market is likely going to reach the closest support at 1.1757 - 1.1727. However, if we see a pullback from this area, bulls will probably try to achieve resistance between the levels 1.1801 - 1.1818. More: https://fbs.com/analytics/articles/e...s_support_2801 |
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