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Re: Market news and trade recommendations by FBS
EUR/USD: READY TO CONTINUE UPTREND
06:45 07.09.2017 Technical levels: support – 1.1910; resistance – 1.1960, 1.1990. Trade recommendations: Buy — 1.1910; SL — 1.1890; TP1 — 1.1960; TP2 – 1.1990. Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; an irregular dead cross of Tenkan-sen and Kijun-sen, narrowing channel of Tenkan-Kijun; the prices are on the support of Tenkan-sen and Kijun-sen and breaking out the SSA’s resistance. https://fbs.com/img/articles/3540/15...1200_q90v3.png More: https://fbs.com/analytics/articles/e...e_uptrend_3540 |
Re: Market news and trade recommendations by FBS
GBP/USD: CONSOLIDATION OVER CLOUD
06:46 07.09.2017 Technical levels: support – 1.2980/90; resistance – 1.3020/40. Trade recommendations: Buy — 1.3050; SL — 1.3030; TP1 — 1.3100; TP2 — 1.3130. Buy — 1.2990; SL — 1.2970; TP1 — 1.3040; TP2 — 1.3100. Reason: expanding bullish Ichimoku Cloud, rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, the rising lines; the market is out from the overbought area soon and may go higher. https://fbs.com/img/articles/3542/15...1200_q90v3.png More: https://fbs.com/analytics/articles/g...ver_cloud_3542 |
Re: Market news and trade recommendations by FBS
USD/JPY: YEN IS MOVING THROUGH CHANNELS
07:09 07.09.2017 Recommendations: SELL 108.5 SL 109.05 TP 106.4 BUY 109.75 SL 109.2 TP 112.1 On the daily chart, USD/JPY bulls are trying to leave the short-term descending channel. If they fail and bears manage to renew August low and conquer support at 108.03, risks of decline towards 127.2% and 161.8% targets of the AB=CD pattern will increase. https://fbs.com/img/articles/3543/15...1200_q90v3.png On H1, USD/JPY formed a “Widening wedge". The return of the pair to 38.2% and 23.6% of the wave 4-5 may be used for buying. On the other hand, another test of support at 108.54 can be used for selling. https://fbs.com/img/articles/3543/15...1200_q90v3.png More: https://fbs.com/analytics/articles/u...-channels-3543 |
Re: Market news and trade recommendations by FBS
EUR/JPY: BULLS ARE PREPARING AN ATTACK
07:42 07.09.2017 Recommendation: BUY 130.65 S L 130.1 TP 131.65 TP2 133.8 On the daily chart, EUR/JPY entered the dead zone between the short-term downtrend and the long-term uptrend channels. To develop correction, bears need to form and reach targets of the “Widening wedge”. The presence of the inside bar creates a possibility for the short-term trades. https://fbs.com/img/articles/3544/15...1200_q90v3.png On H1, EUR/JPY is consolidating in range as the “Shark” pattern is transforming into 5-0. Bulls managed to lead the pair outside the downtrend channel. To resume the uptrend, they need to overcome resistance at 130.65. https://fbs.com/img/articles/3544/15...1200_q90v3.png More: https://fbs.com/analytics/articles/e...an-attack-3544 |
Re: Market news and trade recommendations by FBS
EUR/USD: POSSIBLE TRIANGLE PATTERN
09:07 07.09.2017 https://fbs.com/img/articles/3551/15...1200_q90v3.png The price is still consolidating near the 34 Moving Average, so bears are likely going to reach the nearest support at 1.1909 - 1.1892. If a pullback from this area happens, there'll be an opportunity to have an upward price movement in the direction of the closest resistance at 1.1975 - 1.2003. https://fbs.com/img/articles/3551/15...1200_q90v3.png There's a possible triangle pattern. In this case, the market is likely going to get support on the 89 Moving Average. Meanwhile, if we see a pullback from this line, bulls will try to test another resistance at 1.1975 - 1.2003. More: https://fbs.com/analytics/articles/e...e-pattern-3551 |
Re: Market news and trade recommendations by FBS
GBP/USD: "V-TOP" PATTERN
09:10 07.09.2017 https://fbs.com/img/articles/3553/15...1200_q90v3.png There's a "Thorn" pattern, which pushed the price to the nearest support at 1.3047 - 1.3032. However, bears are likely going to test the next support at 1.2994 - 1.2977 in the short term. If a pullback from these levels happens little later on, there'll be an option to have a bullish price movement towards the closest resistance at 1.3082 - 1.3096. https://fbs.com/img/articles/3553/15...1200_q90v3.png Bulls faced with resistance at 1.3082, so there's a "V-Top" pattern. Therefore, the pair is likely going to decline towards the nearest support area at 1.2994 - 1.2977. At the same time, bulls will probably try to deliver a new local high afterwards. More: https://fbs.com/analytics/articles/g...p-pattern-3553 |
Re: Market news and trade recommendations by FBS
EUR/USD: DEVELOPING WAVE 4
09:41 07.09.2017 https://fbs.com/img/articles/3559/15...1200_q90v3.png There's a developing wave 4, which is likely going to take the form of a zigzag. So, if a pullback from 4/8 MM Level happens, there'll be an opportunity to have a bearish impulse in wave [c]. The main target for wave 4 is 1/8 MM Level. https://fbs.com/img/articles/3559/15...1200_q90v3.png It seems like we've got an ending diagonal pattern in wave (c) of [b]. In this case, if we have a pullback from 4/8 MM Level, bears are likely going to test 1/8 MM Level, which could be a departure point for wave (i). More: https://fbs.com/analytics/articles/e...ng-wave-4-3559 |
Re: Market news and trade recommendations by FBS
EUR/USD: BULLISH "THREE METHODS"
11:33 07.09.2017 https://fbs.com/img/articles/3561/15...1200_q90v3.png We've got a bullish "Three Methods", which has been confirmed. So, the market is likely going to continue moving up towards the nearest resistance area. If any bearish pattern forms little later on, there'll be an opportunity to have a decline. https://fbs.com/img/articles/3561/15...1200_q90v3.png The 34 Moving Average has acted as support, so the price is rising. The last "Window" has been broken. If a pullback from the achieved resistance happens, bears are likely going to deliver a local downward correction. More: https://fbs.com/analytics/articles/e...e-methods-3561 |
Re: Market news and trade recommendations by FBS
USD/JPY: PULLBACK FROM THE LOWER "WINDOW"
11:36 07.09.2017 https://fbs.com/img/articles/3562/15...1200_q90v3.png There's a pullback from the lower "Window", but we've got a local bearish "Shooting Star", which has been confirmed. So, the market is likely going to test the lower "Window" once again in the short term. https://fbs.com/img/articles/3562/15...1200_q90v3.png We've got a "Doji" and a "High Wave" on the 55 Moving Average. Considering of confirmation of both patterns, the pair is likely going to continue moving down towards the last low until any bullish pattern arrives. More: https://fbs.com/analytics/articles/u...er-window-3562 |
Re: Market news and trade recommendations by FBS
EUR/USD: BULLS NEED A REST
07:17 08.09.2017 Recommendation: SELL 1.2035 SL 1.209 TP 1.1935 On the daily chart, EUR/USD keeps forming “Spike and ledge with acceleration”. The trend’s angle is increasing the risks of correction. The inability of bulls to keep the pair above 1.2062 and 1.2156 (161.8% and 200% targets) points at their weakness. https://fbs.com/img/articles/3578/15...1200_q90v3.png On H1, EUR/USD formed 2 convergence areas with the help of senior and junior AB=CD patterns. The fall of the pair below the low of the bar, which marked the previous minimum, will signal the start of bears’ counterattack. https://fbs.com/img/articles/3578/15...1200_q90v3.png More: https://fbs.com/analytics/articles/e...ed-a-rest-3578 |
Re: Market news and trade recommendations by FBS
EUR/GBP: BULLS ARE LIFTING THEIR HEADS
07:28 08.09.2017 Recommendation: BUY 0.9215 SL 0.916 TP 0.929 TP2 0.9355 TP3 0.942 On the daily chart, EUR/GBP keeps forming “Spike and reversal with acceleration”. Until the price falls below both trendlines, bulls will retain control of the situation. Their further movement up will increase the possibility of an advance towards 127,2%, 161.8%, 200% and 224% targets of AB=CD. https://fbs.com/img/articles/3580/15...1200_q90v3.png On H1, a break above resistance at 0.9213 and the following triggering of the “Widening wedge” and the “Shark” patterns will increase the possibility of an advance to 0.9285-0.9290. https://fbs.com/img/articles/3580/15...1200_q90v3.png More: https://fbs.com/analytics/articles/e...eir-heads-3580 |
Re: Market news and trade recommendations by FBS
EUR/USD: "DOUBLE TOP" PATTERN
08:29 08.09.2017 https://fbs.com/img/articles/3581/15...1200_q90v3.png The 34 Moving Average has acted as support so the price is rising. However, bulls didn't fixate above the "Runaway Gap", so we could have a local downward correction. Nevertheless, the market is likely going to climb even higher, so we should keep an eye on the next resistance at 1.2080 - 1.2129 as an intraday target. https://fbs.com/img/articles/3581/15...1200_q90v3.png We've got a "Double Top" pattern, which has been confirmed, so the price is likely going to achieve the closest support at 1.2022. If a pullback from this level happens, there'll be an opportunity to have an upward price movement towards another resistance at 1.2129. More: https://fbs.com/analytics/articles/e...p-pattern-3581 |
Re: Market news and trade recommendations by FBS
GBP/USD: BULLS FACED WITH RESISTANCE
08:31 08.09.2017 https://fbs.com/img/articles/3582/15...1200_q90v3.png Bulls faced with resistance at 1.3164, so the market is likely going to decline towards the nearest support at 1.3119 - 1.3083. However, if a pullback from this area happens, we could have an upward price movement in the direction of the closest resistance at 1.3164 - 1.3190. https://fbs.com/img/articles/3582/15...1200_q90v3.png There's a "Thorn" pattern, which pushed the pair to support at 1.3114. Meanwhile, the price is likely going to reach the next support at 1.3093 - 1.3083, which could be a departure point for a bullish price movement. In this case, we should keep in mind the nearest resistance at 1.3164 - 1.3190 as the next bullish target. More: https://fbs.com/analytics/articles/g...esistance-3582 |
Re: Market news and trade recommendations by FBS
EUR/USD: BULLS GOING TO TEST NEXT RESISTANCE
11:51 08.09.2017 https://fbs.com/img/articles/3586/15...1200_q90v3.png The price is still rising, but we've got a bearish "High Wave" at the local high, so there's a local consolidation. However, bulls are likely going to test the next resistance in the short term. If a pullback from this level happens afterwards, there'll be an opportunity to have a bearish correction. https://fbs.com/img/articles/3586/15...1200_q90v3.png We've got a "Shooting Star", but this pattern is unconfirmed, cause the last candles have been closed above the middle of the huge white candle. In this case, the market is likely going to continue moving up. More: https://fbs.com/analytics/articles/e...esistance-3586 |
Re: Market news and trade recommendations by FBS
USD/JPY: BEARISH "THREE METHODS" PATTERN
11:53 08.09.2017 https://fbs.com/img/articles/3587/15...1200_q90v3.png Bears are still pushing the price lower, so we don't have any reversal pattern. Therefore, the pair is likely going to continue falling down towards the lower "Window". If any bullish pattern arrives later on, we could have an upward correction. https://fbs.com/img/articles/3587/15...1200_q90v3.png We've got a bearish "Three Methods" pattern at the local low. Previously, a bearish "Engulfing" has been formed. So, the market is likely going to continue declining during the day. More: https://fbs.com/analytics/articles/u...s-pattern-3587 |
Re: Market news and trade recommendations by FBS
EUR/USD: 7/8 MM LEVEL ACTED AS RESISTANCE
12:38 08.09.2017 https://fbs.com/img/articles/3594/15...1200_q90v3.png We've got a new high, so wave 5 may have been started. At the same time, wave 4 turned out to be a triangle pattern, so there's a bullish impulse in wave [i] of 5. 7/8 MM Level acted as resistance, which means we could have a local bearish correction in the short term. Nevertheless, bulls are likely going to deliver wave [iii] of 5 afterwards. https://fbs.com/img/articles/3594/15...1200_q90v3.png Wave (v) of [i] has been ended on 8/8 MM Level, so it's time for a correction. The nearest target for wave [ii] is 6/8 MM Level, which could be a departure point for another bullish rally. More: https://fbs.com/analytics/articles/e...esistance-3594 |
Re: Market news and trade recommendations by FBS
EUR/USD FAVORED BY THE BULLISH PRICE ACTION
00:46 11.09.2017 EUR/USD remains supported in favor of the bulls and as we can see in the H1 chart, the Fibonacci area of 50% and 65% have provided the enough momentum in order to help the pair to consolidate above the critical level of 1.20. Because of the rebound above such area and the 200 SMA at H1 chart, we’re expecting a bullish continuation towards the -23.6% Fibonacci retracement level at 1.2165. Corrective moves should be limited by the 38.2% Fibo zone. RSI indicator is still in the neutral territory, calling for a bullish consolidation before any significant move. https://fbs.com/img/articles/3608/15...1200_q90v3.png More: https://fbs.com/analytics/articles/e...ce-action-3608 |
Re: Market news and trade recommendations by FBS
NZD/USD: BEARS FOUND A SHARK
07:03 11.09.2017 Recommendation: SELL 0.7225 SL 0.728 TP1 0.715 TP2 0.7105 On H1, the inability of the bulls to lead the pair outside of the descending channel and formation of the bar with the long upper wick points at buyers’ weakness. Realization of the inverted 5-0 pattern is delayed. https://fbs.com/img/articles/3614/15...1200_q90v3.png On H1, NZD/USD reached the targets if the “Widening wedge”, “Three Indians” and 1-2-3. If the pair renews correction low with the following decline below the lower border of an uptrend channel, risks of reaching 88.6% target of a Shark pattern will increase. https://fbs.com/img/articles/3614/15...1200_q90v3.png More: https://fbs.com/analytics/articles/n...d-a-shark-3614 |
Re: Market news and trade recommendations by FBS
AUD/USD: BEARS LEFT THEIR LAIR
07:21 11.09.2017 Recommendation: SELL 0.8025 SL 0.808 TP1 0.794 TP2 0.789 On the daily chart, the inability of bulls to push the pair out of the uptrend channel and formation of the bar with a long upper wick points at their weakness. It strengthens the risks of correction at least to 0.7937-0.7954. https://fbs.com/img/articles/3615/15...1200_q90v3.png On H1, AUD/USD reached the targets of “Widening wedge”, “3 Indians” and 1-2-3. The break of support at 0.8028 and the pair’s leaving the uptrend channel will increase the risks of the pair reaching 88.6% target of the Shark pattern. https://fbs.com/img/articles/3615/15...1200_q90v3.png More: https://fbs.com/analytics/articles/a...heir-lair-3615 |
Re: Market news and trade recommendations by FBS
EUR/USD: EURO RETURNED TO 0.2000
07:41 11.09.2017 Technical levels: support – 1.2000, 1.1980; resistance – 1.2075. Trade recommendations: Buy — 1.1980; SL — 1.1960; TP1 — 1.2030; TP2 – 1.2075. Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, rising Tenkan and Kijun; the prices are on the support of Tenkan-sen and Kijun-sen. https://fbs.com/img/articles/3618/15...1200_q90v3.png More: https://fbs.com/analytics/articles/e...to-0.2000-3618 |
Re: Market news and trade recommendations by FBS
AUD/USD: AUSSIE LOOKING FOR SUPPORT OF KIJUN
07:42 11.09.2017 Technical levels: support – 0.8030; resistance – 0.8080, 0.8120. Trade recommendations: Buy — 0.8030; SL — 0.8010; TP1 — 0.8080; TP3 — 0.8120. Reason: expanding bullish Ichimoku Cloud, rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising lines; the market is seeking the support on Kijun-sen for continue uptrend. https://fbs.com/img/articles/3619/15...1200_q90v3.png More: https://fbs.com/analytics/articles/a...-of-kijun-3619 |
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EUR/USD: "V-TOP" LED TO DECLINE
08:29 11.09.2017 https://fbs.com/img/articles/3620/15...1200_q90v3.png We've got a "V-Top", so the price is declining. In this case, we should keep an eye on the nearest support at 1.1978 - 1.1949 as an intraday target. If a pullback from this area happens, there'll be an opportunity to have an upward price movement in the direction of the closest resistance at 1.2129. https://fbs.com/img/articles/3620/15...1200_q90v3.png The 34 Moving Average has acted as support, so the price is consolidating. Therefore, the market is likely going to test the 89 MA in the short term. However, if a pullback from this line happens, we could have another bullish rally towards the next resistance at 1.2080 - 1.2129. More: https://fbs.com/analytics/articles/e...o-decline-3620 |
Re: Market news and trade recommendations by FBS
GBP/USD: BULLISH "PENNANT" PATTERN
08:36 11.09.2017 https://fbs.com/img/articles/3622/15...1200_q90v3.png Bulls faced with resistance at 1.3223, so the price tested the nearest support at 1.3164. In this case, the pair is likely going to rise in the direction of the next resistance at 1.3249 - 1.3265, which means we could have a new local high pretty soon. https://fbs.com/img/articles/3622/15...1200_q90v3.png The price is consolidating between the levels 1.3223 - 1.3164. Also, there's a "Pennant" pattern, so the market is likely going to achieve the nearest resistance at 1.3249 - 1.3265 soon. If a pullback from these levels happens, we could have a decline towards the closest support at 1.3164 - 1.3149. More: https://fbs.com/analytics/articles/g...t-pattern-3622 |
Re: Market news and trade recommendations by FBS
EUR/USD: PULLBACK FROM 7/8 MM LEVEL
09:05 11.09.2017 https://fbs.com/img/articles/3624/15...1200_q90v3.png There's a pullback from 7/8 MM Level, so wave [i] may have been formed. In this case, we could have a bearish correction in the short term. The main target for wave [ii] is 6/8 MM Level, which could be a departure point for wave [iii]. https://fbs.com/img/articles/3624/15...1200_q90v3.png 8/8 MM Level has acted as resistance, so we've got a bearish impulse in wave (a). Also, there's a pullback from 5/8 MM Level, so the price is rising. If a pullback from 7/8 MM Level happens, bears are likely going to deliver wave (c) of [ii]. More: https://fbs.com/analytics/articles/e...-mm-level-3624 |
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USD/JPY: BULLISH "MORNING STAR"
10:41 11.09.2017 https://fbs.com/img/articles/3626/15...1200_q90v3.png The price reached the upper "Window", but there isn't any reversal pattern so far. Moreover, there's a possible bullish "Three Methods". So, we could have the price even higher in the short term. If any bearish pattern forms afterwards, there'll be an opportunity to have a decline. https://fbs.com/img/articles/3626/15...1200_q90v3.png The last bullish "Morning Star" led to the current upward price movement. At the same time, we've got a "Three Methods" pattern, so the pair is likely going to reach the 89 Moving Average during the day. More: https://fbs.com/analytics/articles/u...ning-star-3626 |
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EUR/USD: BEARISH "HIGH WAVE"
10:44 11.09.2017 https://fbs.com/img/articles/3627/15...1200_q90v3.png We've got a bearish "High Wave", which has been confirmed. In this case, the market is likely going to test the nearest support. If a pullback from this level happens, there'll be an opportunity to have just another upward price movement. https://fbs.com/img/articles/3627/15...1200_q90v3.png The 34 Moving Average is acting as support, so we've got a bullish "Hammer" at the local low. However, this pattern doesn't have confirmation, so the price is likely going to continue declining towards the 55 MA. More: https://fbs.com/analytics/articles/e...high-wave-3627 |
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XAU/USD: GOLD APPROACHED A CRITICAL LINE
07:13 12.09.2017 Recommendation: SELL $1323 SL $1338 TP1 $1305 TP2 $1282 TP3 $1272 On the daily chart, the inability of the bulls to settle above 161.8% target of AB=CD points at their weakness. A break of support at $1320,4-1321,6 will strengthen the risks of correction to at least the lower border of the uptrend channel. https://fbs.com/img/articles/3649/15...1200_q90v3.png On H1, further dynamics of the pair will depend on the test of support at $1323. Success will allow bears to develop a move towards 88.6% and 113% targets of the “Shark” pattern. Failure will create grounds for the uptrend resumption. https://fbs.com/img/articles/3649/15...1200_q90v3.png More: https://fbs.com/analytics/articles/x...ical-line-3649 |
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USD/CAD: WILL THE TRIANGLE STOP BEARS?
07:19 12.09.2017 Recommendation: BUY 1.2165 SL 1.211 TP1 1.229 TP2 1.2365 On the daily chart, USD/CAD approached 200% target of AB=CD. If bears manage to conquer support at 1.2045, risks of continuation of the decline to 1.1960 and 1.1820 will increase. On the other hand, pair’s return above resistance at 1.2185 will create grounds for a correction. https://fbs.com/img/articles/3650/15...1200_q90v3.png On H1, USD/CAD formed a triangle. A break of its upper border will increase the possibility of a pullback towards the lower and the upper border of the earlier gap. https://fbs.com/img/articles/3650/15...1200_q90v3.png More: https://fbs.com/analytics/articles/u...top-bears-3650 |
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EUR/USD: "TRIPLE BOTTOM" PUSHED PRICE TO 55 MA
08:57 12.09.2017 https://fbs.com/img/articles/3655/15...1200_q90v3.png The main trend is still bullish. The 34 Moving Average has acted as support, so the price is likely going to reach the nearest resistance at 1.1975 - 1.2003. If a pullback from these levels happens, there'll be an opportunity to have a decline towards the next support at 1.1909 - 1.1892. https://fbs.com/img/articles/3655/15...1200_q90v3.png We've got a "Triple Bottom", which pushed the price to 55 Moving Average. So, the market is likely going to achieve the closest resistance area at 1.2028. If we have a pullback from this level, bears will try to test another support at 1.1934 - 1.1907. More: https://fbs.com/analytics/articles/e...-to-55-ma-3655 |
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GBP/USD: "DOUBLE TOP" PATTERN
09:02 12.09.2017 https://fbs.com/img/articles/3656/15...1200_q90v3.png The price is consolidating between the levels 1.3223 - 1.3164. At the same time, there's a "Double Top" pattern, which has been confirmed. So, the last high could be tested once again in the short term, but bears are likely going to reach the nearest support at 1.3164 - 1.3136 afterwards. https://fbs.com/img/articles/3656/15...1200_q90v3.png We've got a confirmed "Double Top", but there's a pullback from support at 1.3164. Therefore, the pair is likely going to achieve the nearest resistance at 1.3190 - 1.3223. If a pullback from these levels happens, there'll be an option to have another decline in the direction of the next support at 1.3164 - 1.3149. More: https://fbs.com/analytics/articles/g...p-pattern-3656 |
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EUR/USD: [II] TAKING FORM OF ZIGZAG
11:00 12.09.2017 https://fbs.com/img/articles/3657/15...1200_q90v3.png 7/8 MM Level has acted as resistance, so there's developing wave [ii]. If the price fixates above 6/8 MM Level little later on, there'll be an opportunity to have just another bullish impulse. The main target for wave [iii] is 8/8 MM Level. https://fbs.com/img/articles/3657/15...1200_q90v3.png Wave [ii] is taking the form of a zigzag. If a pullback from 3/8 MM Level happens in the short term, bulls are likely going to deliver an upward impulse in wave (i). So, we should keep an eye on 5/8 MM Level as an intraday target. More: https://fbs.com/analytics/articles/e...of-zigzag-3657 |
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USD/JPY: BULLISH "ENGULFING" PATTERN
11:10 12.09.2017 https://fbs.com/img/articles/3658/15...1200_q90v3.png The price reached the 89 Moving Average, but there isn't any reversal pattern so far. In this case, bulls are likely going to reach the next "Window", which could be a departure point for a downward correction. https://fbs.com/img/articles/3658/15...1200_q90v3.png The last bullish "Engulfing" pattern pushed the price even higher. Also, there isn't any reversal pattern, cause all the last candles are bullish. So, the market is likely going to continue moving up in the short term. More: https://fbs.com/analytics/articles/u...g-pattern-3658 |
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EUR/USD: BULLS GOING TO DELIVER CORRECTION
11:14 12.09.2017 https://fbs.com/img/articles/3659/15...1200_q90v3.png We've got a bullish "Inverted Hammer", but this pattern remains unconfirmed. So, we could have the price a little bit lower in the short term. Anyway, bulls are likely going to deliver an upward correction afterwards. https://fbs.com/img/articles/3659/15...1200_q90v3.png The 55 Moving Average is acting as resistance, so there's a bearish "Doji", which has been confirmed enough. So, the lower "Window" is likely going to be tested during the day. If we have a pullback from this level, there'll be time for bullish correction. More: https://fbs.com/analytics/articles/e...orrection-3659 |
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US DOLLAR: A PULL BACK COMING SOON?
01:01 13.09.2017 US Dollar Index has been following to the bears against a basket of major currencies and it’s approaching to the 200 SMA at H1 chart, nearing to the Fibonacci level of 50% (92.14). If the index manages to break above that area, we can expect an acceleration to test September 1st highs at 92.80, at which is located the Fibo level of 78.6%. However, if we see a pull back at the current stage, the index could plummet towards the -23.6% level at 90.42. RSI indicator remains in the positive territory. https://fbs.com/img/articles/3676/15...1200_q90v3.png More: https://fbs.com/analytics/articles/u...ming-soon-3676 |
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EUR/USD: 3/8 MM LEVEL ACTED AS SUPPORT
07:24 13.09.2017 https://fbs.com/img/articles/3682/15...1200_q90v3.png Wave [ii] may have been ended, cause there's a pullback from 6/8 MM Level. So, there's an opportunity to have wave [iii]. In this case, we should keep an eye on 8/8 MM Level as the next bullish target. https://fbs.com/img/articles/3682/15...1200_q90v3.png There's a possible zigzag in wave [ii]. 3/8 MM Level has acted as support, so the price is rising. Therefore, wave (i) of [iii] is likely going to move on towards 6/8 MM Level. More: https://fbs.com/analytics/articles/e...s-support-3682 |
Re: Market news and trade recommendations by FBS
EUR/USD: EURO IS SUPPORTED BY CLOUD
07:38 13.09.2017 Technical levels: support – 1.1950, 1.1900; resistance – 1.2030, 1.2075. Trade recommendations: Buy — 1.1980/90; SL — 1.1960; TP1 — 1.2030; TP2 – 1.2075. Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Kijun-sen; the prices are on the support of the Cloud. https://fbs.com/img/articles/3684/15...1200_q90v3.png More: https://fbs.com/analytics/articles/e...-by-cloud-3684 |
Re: Market news and trade recommendations by FBS
USD/JPY: DOLLAR IS OVERBOUGHT
07:39 13.09.2017 Technical levels: support – 109.60, 109.10; resistance – 110.40. Trade recommendations: Sell — 109. 90; SL — 110.10; TP1 — 109.10; TP2 — 108.90. Reason: narrowing bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen; Dollar is going to positive area, but the market is overbought now. https://fbs.com/img/articles/3685/15...1200_q90v3.png More: https://fbs.com/analytics/articles/u...verbought-3685 |
Re: Market news and trade recommendations by FBS
EUR/USD: "V-BOTTOM" PATTERN
07:54 13.09.2017 https://fbs.com/img/articles/3686/15...1200_q90v3.png The main trend is still bullish. The 34 Moving Average has acted as support, so we've got a "V-Bottom" pattern on this line. Therefore, the market is likely going to reach the nearest resistance at 1.2042 - 1.2069 in the short term. If a pullback from this area happens, we could have a decline towards the next support at 1.1909. https://fbs.com/img/articles/3686/15...1200_q90v3.png Bears faced with support at 1.1907, so we've got a "V-Bottom" pattern, which led to the current consolidation. In this case, the pair is likely going to achieve the closest resistance at 1.2028 - 1.2042 during the day. Meanwhile, if we have a pullback from these levels, there'll be an opportunity to have a downward price movement towards another support at 1.1941 - 1.1934. More: https://fbs.com/analytics/articles/e...m-pattern-3686 |
Re: Market news and trade recommendations by FBS
GBP/USD: MARKET GOING TO CLIMB EVEN HIGHER
07:56 13.09.2017 https://fbs.com/img/articles/3687/15...1200_q90v3.png The last "Flag" pattern has been broken, so the price is rising. The main intraday target is the nearest resistance at 1.3345 - 1.3374. If a pullback from this area happens little later on, bears will try to test the closest support at 1.3277 - 1.3249. https://fbs.com/img/articles/3687/15...1200_q90v3.png The price is consolidating, but the market is likely going to climb even higher. Therefore, we should keep an eye on the next resistance at 1.3345 - 1.3374 as an intraday target, which could be a departure point for a bearish correction. More: https://fbs.com/analytics/articles/g...en-higher-3687 |
Re: Market news and trade recommendations by FBS
USD/CHF: FRANC GOT INTO DRAGON’S LAIR
08:42 13.09.2017 Recommendation: BUY 0.9615 SL 0.956 TP1 0.9695 TP2 0.978 TP3 0.986 On the daily chart, USD/CHF formed a powerful reversal pattern “Triple bottom”. As a result, risks of a “Dragon” pattern increased, although bulls firstly need to get above resistance at 0.9615 and 0.9650. https://fbs.com/img/articles/3689/15...1200_q90v3.png On H1, USD/CHF keeps forming the “Dragon” pattern. Bullish movement will face at least one pullback (“Head of the Dragon”), although the pair may have already chosen its direction. As a result, buying on breakthroughs is the main strategy. https://fbs.com/img/articles/3689/15...1200_q90v3.png More: https://fbs.com/analytics/articles/u...%99s-lair-3689 |
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