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Re: Market news and trade recommendations by FBS
GBP/USD: DEVELOPING "PENNANT" PATTERN
10:49 20.09.2017 https://fbs.com/img/articles/3855/15...1200_q90v3.png There's a "Double Top", which has been confirmed, so the price is consolidating. The main intraday target is the nearest support at 1.3444. If we have a pullback from this level, there'll be an option to have a bullish price movement towards the closest resistance at 1.3652 - 1.3681. https://fbs.com/img/articles/3855/15...1200_q90v3.png The price is consolidating between the levels 1.3479 - 1.3532. Also, there's a developing "Pennant" pattern. In this case, bears are likely going to achieve the 55 Moving Average, which could be a departure point for another bullish rally. More: https://fbs.com/analytics/articles/g...t-pattern-3855 |
Re: Market news and trade recommendations by FBS
EUR/USD: BEARISH "SHOOTING STAR"
12:21 20.09.2017 https://fbs.com/img/articles/3856/15...1200_q90v3.png There's a reversal "Doji" pattern, which hasn't been confirmed yet. Therefore, the market is likely going to test the 34 Moving Average in the short term. If a pullback from this line happens, we could have another upward price movement. https://fbs.com/img/articles/3856/15...1200_q90v3.png We've got a bearish "Shooting Star", but confirmation of this pattern is quite weak. So, we should keep an eye on 55 Moving Average as an intraday target. If this MA acts as support, bulls are likely going to deliver a new local high. More: https://fbs.com/analytics/articles/e...ting-star-3856 |
Re: Market news and trade recommendations by FBS
USD/JPY: BEARS GOING TO TEST NEAREST "WINDOW"
12:23 20.09.2017 https://fbs.com/img/articles/3857/15...1200_q90v3.png There are a "Shooting Star" and a "Harami" patterns, which both have been confirmed enough. In this case, bears are likely going to test the nearest "Window", which could be a departure point for another upward price movement. https://fbs.com/img/articles/3857/15...1200_q90v3.png The price reached the 34 Moving Average, so there's an opportunity to have a local bullish correction. However, bears are likely going to test the 89 MA afterwards, which could act as support. More: https://fbs.com/analytics/articles/u...st-window-3857 |
Re: Market news and trade recommendations by FBS
EUR/USD: POSSIBLE WEDGE IN WAVE [I]
13:18 20.09.2017 https://fbs.com/img/articles/3859/15...1200_q90v3.png We've got a pullback from 5/8 MM Level, so wave 4 has been ended. The price is rising, so we could have a bullish impulse in wave 5. The main intraday target is 8/8 MM Level. https://fbs.com/img/articles/3859/15...1200_q90v3.png There's a possible wedge, which could be wave [i], so bears are likely going to deliver wave [ii] during the day. If a pullback from 4/8 MM Level happens little later on, there'll be an opportunity to have wave [iii] of 5. More: https://fbs.com/analytics/articles/e...in-wave-i-3859 |
Re: Market news and trade recommendations by FBS
EUR/USD: DEVELOPING DOUBLE ZIGZAG
07:07 21.09.2017 https://fbs.com/img/articles/3879/15...1200_q90v3.png Wave 4 turned out to be bigger, so 5/8 MM Level is likely going to be tested once again. If a pullback from this level arrives later on, there'll be an opportunity to have wave 5. In this case, we should keep an eye on 8/8 MM Level as an intraday target. https://fbs.com/img/articles/3879/15...1200_q90v3.png It seems like wave 4 is taking the form of a double zigzag. The last decline could be wave (a) of [y], so bulls are likely going to deliver wave (b) during the day. Nevertheless, we could have another bearish impulse in wave (c) of [y] of 4 afterwards. More: https://fbs.com/analytics/articles/e...le-zigzag-3879 |
Re: Market news and trade recommendations by FBS
EUR/JPY: BULLS FULFILLED THEIR MISSION
07:43 21.09.2017 Recommendation: SELL 133.25 SL 133.8 TP 132.3 On H1, EUR/JPY reached 161.8% target of the junior and senior AB=CD patterns. This increases the risks of a pullback to the uptrend. Never the less, as long as the pair’s inside the uptrend channel, bulls remain in control of the situation. https://fbs.com/img/articles/3881/15...1200_q90v3.png On H1, EUR/JPY is forming a “widening wedge” pattern. Its end together with the break of support at 133.25 will open the way south towards 23.6% and 38.2% correction levels of the last bullish wave. https://fbs.com/img/articles/3881/15...1200_q90v3.png More: https://fbs.com/analytics/articles/e...r-mission-3881 |
Re: Market news and trade recommendations by FBS
USD/JPY: BULLS ARE BREAKING OBSTACLES
07:53 21.09.2017 Recommendations: BUY 112.1 SL 111.55 TP1 113.3 TP2 113.85 BUY 111.85 SL 111.3 TP1 112.85 TP2 113.3 On the daily chart, USD/JPY keeps going north towards 88.6% target of the “Shark” pattern. Bulls showed their strength by managing to conquer resistance at 112.07. Currently it is acting as support. https://fbs.com/img/articles/3882/15...1200_q90v3.png On the daily chart, USD/JPY reached the targets of the “Widening wedge”. The pair is trading within the uptrend channel. This means that bulls are in control of the pair. Pullbacks towards 112.10 and 111.85 can be used for forming long positions. https://fbs.com/img/articles/3882/15...1200_q90v3.png More: https://fbs.com/analytics/articles/u...obstacles-3882 |
Re: Market news and trade recommendations by FBS
EUR/USD: BEARISH "PENNANT"
09:37 21.09.2017 https://fbs.com/img/articles/3886/15...1200_q90v3.png We've got a "Triple Top", so the market has plunged. In this case, we should keep an eye on the next support at 1.1837 - 1.1822 as an intraday target. If a pullback from this area happens, we could have an upward correction in the direction of the 89 Moving Average. https://fbs.com/img/articles/3886/15...1200_q90v3.png We've got a "Pennant", so the pair is likely going to test the closest resistance at 1.1907 during the day. However, if we have a pullback from this area, there'll be an opportunity to have another decline towards the next support at 1.1975 - 1.1822. More: https://fbs.com/analytics/articles/e...h-pennant-3886 |
Re: Market news and trade recommendations by FBS
GBP/USD: 55 MA ACTED AS SUPPORT
09:40 21.09.2017 https://fbs.com/img/articles/3887/15...1200_q90v3.png There's a "Double Top", but the price is consolidating. It's likely that bears are going to reach the nearest support at 1.3374. Meanwhile, if we have a pullback from this level, bulls will probably try to reach the closest resistance afterwards. https://fbs.com/img/articles/3887/15...1200_q90v3.png The 55 Moving Average has acted as support, so the price is consolidating. Also, we've got a developing bearish "Flag" pattern. In this case, bulls are likely going to test the nearest resistance at 1.3532 - 1.3550. If a pullback from these levels arrives later on, there'll be an opportunity to have a bearish price movement towards the 89 Moving Average. More: https://fbs.com/analytics/articles/g...s-support-3887 |
Re: Market news and trade recommendations by FBS
EUR/USD: BULLISH "HIGH WAVE"
11:20 21.09.2017 https://fbs.com/img/articles/3894/15...1200_q90v3.png The 89 Moving Average has acted as support, so we've got a "High Wave" pattern, which was confirmed. So, we could have an upward correction and a decline afterwards. https://fbs.com/img/articles/3894/15...1200_q90v3.png There's a bullish "High Wave", which has been confirmed. In this case, the market is likely going to test the nearest "Window". If a pullback from this level happens, bears will try to deliver a new local low. More: https://fbs.com/analytics/articles/e...high-wave-3894 |
Re: Market news and trade recommendations by FBS
USD/JPY: BEARISH "HARAMI"
11:24 21.09.2017 https://fbs.com/img/articles/3896/15...1200_q90v3.png We've got a "Shooting Star", but this pattern hasn't been confirmed yet. So, we could have a local downward correction. If any bullish pattern arrives afterwards, there'll be an opportunity to have another upward price movement. https://fbs.com/img/articles/3896/15...1200_q90v3.png There's a bearish "Harami", which has been confirmed enough. However, we could have a local upward correction in the short term. Nevertheless, bears are likely going to test the 55 Moving Average later on. More: https://fbs.com/analytics/articles/u...sh-harami-3896 |
Re: Market news and trade recommendations by FBS
GBP/USD: POSITIVE SENTIMENTS RETURNED TO MARKET
06:30 22.09.2017 Technical levels: support – 1.3550; resistance – 1. 3650. Trade recommendations: Buy — 1.3550; SL — 1.3530; TP1 — 1.3650; TP2 — 1.3700. Reason: expanding bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a cancelled golden cross of Tenkan-sen and Kijun-sen, the lines are horizontal; the Bulls are gaining the strength and returned the prices above Kijun-sen. https://fbs.com/img/articles/3908/15...1200_q90v3.png More: https://fbs.com/analytics/articles/g...to-market-3908 |
Re: Market news and trade recommendations by FBS
USD/JPY: DOLLAR IS CORRECTED TO KIJUN-SEN
06:31 22.09.2017 Technical levels: support – 112.00; resistance – 112.70. Trade recommendations: Buy — 112.00; SL — 109.80; TP1 — 112.70; TP2 — 113.40. Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; a cancelled golden cross of Tenkan-sen and Kijun-sen; the prices are returned to the support of Tenkan and Kijun and may go higher. https://fbs.com/img/articles/3909/15...1200_q90v3.png More: https://fbs.com/analytics/articles/u...kijun-sen-3909 |
Re: Market news and trade recommendations by FBS
EUR/USD: "V-BOTTOM" PUSHED PRICE HIGHER
07:05 22.09.2017 https://fbs.com/img/articles/3910/15...1200_q90v3.png The main trend is still bullish, so we've got a "V-Bottom" pattern, which pushed the price higher. So, the market is likely going to continue rising towards the next resistance at 1.2021 - 1.2033. If a pullback from this area happens, we could have a decline towards the nearest support at 1.1925 - 1.1909. https://fbs.com/img/articles/3910/15...1200_q90v3.png We've got a "Triple Bottom", which has been confirmed, but bulls faced with resistance at 1.1968. In this case, the price is likely going to test the closest support at 1.1941 - 1.1934. However, if we have a pullback from these levels, bulls will try to achieve another resistance at 1.2021 - 1.2033. More: https://fbs.com/analytics/articles/e...ce-higher-3910 |
Re: Market news and trade recommendations by FBS
GBP/USD: BULLISH "PENNANT"
07:07 22.09.2017 https://fbs.com/img/articles/3911/15...1200_q90v3.png The price is consolidating between the levels 1.3652 - 1.3444. Tha main intraday target is the nearest resistance at 1.3625 - 1.3681. If a pullback from this area arrives little later on, there'll be an opportunity to have a decline in the direction of the closest support at 1.3533. https://fbs.com/img/articles/3911/15...1200_q90v3.png There's a bullish "Pennant", so the pair is likely going to reach the nearest resistance at 1.3625 -1 .3681. Meanwhile, if we see a pullback from these levels, bears will probably try to deliver a downward correction. More: https://fbs.com/analytics/articles/g...h-pennant-3911 |
Re: Market news and trade recommendations by FBS
EUR/USD: DEVELOPING TRIANGLE IN WAVE 4
07:26 22.09.2017 https://fbs.com/img/articles/3912/15...1200_q90v3.png There's a pullback from 7/8 MM Level, so we've got a developing triangle in wave 4. It's likely that the price is going to test the lower side of this pattern. If a pullback from this level happens, there'll be an opportunity to have an upward impulse in wave 5. https://fbs.com/img/articles/3912/15...1200_q90v3.png The price is consolidating between the 5/8 and 2/8 MM Levels. Wave [d] of 4 is about to end, so we could have wave [e] of 4 in the short term. If another pullback from 3/8 MM Level arrives later on, bulls will try to deliver wave [i]. More: https://fbs.com/analytics/articles/e...in-wave-4-3912 |
Re: Market news and trade recommendations by FBS
EUR/USD IS MAKING A CHOICE
07:38 22.09.2017 Recommendation: SELL 1.1825 SL 1.188 TP 1.171 BUY 1.2025 SL 1.197 TP 1.2155 On the daily chart, EUR/USD broke below the diagonal support and left the uptrend channel. This increases the possibility of a “Shark” and “Head and Shoulders”. Their realization will lead to a pullback towards 1.1710. To resume the uptrend, bulls need to conquer resistance at 1.2030. https://fbs.com/img/articles/3913/15...1200_q90v3.png On H1, EUR/USD formed a “Widening wedge”. To trigger it, the pair needs a confident test of support at 1.1825-1.1840. https://fbs.com/img/articles/3913/15...1200_q90v3.png More: https://fbs.com/analytics/articles/e...-a-choice-3913 |
Re: Market news and trade recommendations by FBS
EUR/GBP: BULLS BEFRIEND A DRAGON
07:50 22.09.2017 Рекомендация: BUY 0.89 SL 0.8845 TP1 0.8985 TP2 0.904 On the daily chart, bulls are trying to catch hold of 0.8810 (50% of the last bullish wave). To counterattack in order to resume the uptrend, they need to conquer resistance at 0.8900. On the other hand, a break of support at 0.8775 will increase the risks of continuation of the decline. https://fbs.com/img/articles/3915/15...1200_q90v3.png On H1, a break of resistance at 0.8900 will create the potential for the realization of the “Dragon” pattern. However, for a start bulls have to defend current positions and form a “Double bottom”. https://fbs.com/img/articles/3915/15...1200_q90v3.png More: https://fbs.com/analytics/articles/e...-a-dragon-3915 |
Re: Market news and trade recommendations by FBS
EUR/USD: PRICE GOING TO TEST 34 MA
09:50 22.09.2017 https://fbs.com/img/articles/3921/15...1200_q90v3.png The 89 Moving Average has acted as support, so we've got a "High Wave" pattern, which pushed the price to the nearest resistance. In this case, the market is likely going to test the 34 MA, which could be a departure point for another upward price movement. https://fbs.com/img/articles/3921/15...1200_q90v3.png There's a "Shooting Star" at the local high, but this pattern hasn't been confirmed enough. Therefore, we're likely going to have a bearish correction towards the Moving Averages. If a pullback from these lines happens, bulls will probably try to reach the upper "Window". More: https://fbs.com/analytics/articles/e...est-34-ma-3921 |
Re: Market news and trade recommendations by FBS
USD/JPY: "WINDOW" ACTED AS RESISTANCE
09:52 22.09.2017 https://fbs.com/img/articles/3922/15...1200_q90v3.png The upper "Window" has acted as resistance, so we've got a "Shooting Star" pattern, which has been confirmed. However, bulls are likely going to test the "Window" once again in the short term. If we have another pullback from this level, there'll be an opportunity to have a decline towards the Moving Averages. https://fbs.com/img/articles/3922/15...1200_q90v3.png The 55 Moving Average has acted as support, so we've got a bullish "Harami". Under this circumstance, the market is likely going to rise towards the last high during the day. More: https://fbs.com/analytics/articles/u...esistance-3922 |
Re: Market news and trade recommendations by FBS
EUR/USD: BULLS GOING TO DELIVER WAVE 5
05:19 25.09.2017 https://fbs.com/img/articles/3941/15...1200_q90v3.png There's a possible triangle pattern in wave 4. So, if the price fixates above 6/8 MM Level, bulls are likely going to deliver wave 5. In this case, we should keep an eye on 8/8 MM Level as an intraday target. https://fbs.com/img/articles/3941/15...1200_q90v3.png 2/8 MM Level acted as support, so the triangle may have been ended. Therefore, we're likely going to have an upward impulse in wave [i] in the coming hours. If another pullback from 5/8 MM Level arrives later on, there'll be an opportunity to have a local bearish correction. More: https://fbs.com/analytics/articles/e...er-wave-5-3941 |
Re: Market news and trade recommendations by FBS
GBP/USD: READY TO GO
06:36 25.09.2017 Technical levels: support – 1.3520; resistance – 1. 3600. Trade recommendations: Buy — 1.3540/50; SL — 1.3520; TP1 — 1.3650; TP2 — 1.3700. Reason: bullish Ichimoku Cloud with rising Senkou Span B; a correctional dead cross of Tenkan-sen and Kijun-sen, the lines are horizontal; the market supported by the Cloud and ready to make the new highs. https://fbs.com/img/articles/3945/15...1200_q90v3.png More: https://fbs.com/analytics/articles/g...ady-to-go-3945 |
Re: Market news and trade recommendations by FBS
AUD/USD: GAME WILL CONTINUE UNDER CLOUD
06:37 25.09.2017 Technical levels: support – 0.7930; resistance – 0.8000, 0.8040. Trade recommendations: Sell — 0.7960; SL — 0.7980; TP1 — 0.7900; TP3 — 0.7870. Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A; a new dead cross of Tenkan-sen and Kijun-sen; the prices are in the negative area and the bears will continue selling the Aussie. https://fbs.com/img/articles/3946/15...1200_q90v3.png More: https://fbs.com/analytics/articles/a...der-cloud-3946 |
Re: Market news and trade recommendations by FBS
NZD/USD: BEARS RETURN TO THE GAME
10:23 25.09.2017 Recommendation: SELL 0.728 SL 0.7335 TP 0.719 TP2 0.7105 TP3 0.705 On the daily chart, the inability of bulls to push the pair above the resistance level at 0.7280 was a signal of their weakness. In case of a break of the lower border of the short-term trend channel, bears will have a chance to form an AB=CD pattern. https://fbs.com/img/articles/3951/15...1200_q90v3.png On H1, NZD/USD there are pattern “Head and Shoulders” and “Shark”. Further dynamics of the pair will depend on bulls’ ability to keep the pair above support at 0.7185-0.7205. If they fail, triggering of the “Widening wedge” pattern will allow bears to continue correction. https://fbs.com/img/articles/3951/15...1200_q90v3.png More: https://fbs.com/analytics/articles/n...-the-game-3951 |
Re: Market news and trade recommendations by FBS
AUD/USD: FIGHTING CONTINUES
10:48 25.09.2017 Recommendation: SELL 0.795 SL 0.8005 TP1 0.7875 TP2 0.782 BUY 0.8055 SL 0.8 TP1 0.8155 TP2 0.824 On the daily chart, AUD/USD triggered Gartley pattern with a target at 78.6%. The necessary condition for its formation is the decline of the pair below support at 0.7937. On the other hand, if bulls manage to return the pair inside the bullish trend channel, a rally towards 161.8% of the AB=CD pattern will continue. https://fbs.com/img/articles/3953/15...1200_q90v3.png On H1, AUD/USD is forming a “Widening wedge” pattern. The decline of the pair below 0.7950 will be a signal for correction. Buying is possible from 78.6% and 88.6% of the wave 4-5. https://fbs.com/img/articles/3953/15...1200_q90v3.png More: https://fbs.com/analytics/articles/a...continues-3953 |
Re: Market news and trade recommendations by FBS
EUR/USD: NEW "BREAKAWAY GAP"
13:19 25.09.2017 https://fbs.com/img/articles/3955/15...1200_q90v3.png There's a "V-Top" pattern, so a new "Breakaway Gap" was formed this morning. The 89 Moving Average is acting as support, but bears are likely going to test the next support at 1.1837 - 1.1822. If a pullback from this area happens, we could have an upward price movement towards the closest resistance at 1.1909 - 1.1925. https://fbs.com/img/articles/3955/15...1200_q90v3.png The downward trend has been broken, so the price is still declining. The main bearish target is the nearest support at 1.1837 - 1.1822. If we have a pullback from this area, there'll be an opportunity to have an upward correction in the direction of the closest resistance at 1.1897 - 1.1909. More: https://fbs.com/analytics/articles/e...kaway-gap-3955 |
Re: Market news and trade recommendations by FBS
GBP/USD: DEVELOPING "RECTANGLE" PATTERN
13:23 25.09.2017 https://fbs.com/img/articles/3956/15...1200_q90v3.png The price is still consolidating between the levels 1.3652 - 1.3444. It seems like bears are going to test the next support at 1.3479 - 1.3444. However, if a pullback from this area happens later on, bulls will probably try to reach the nearest resistance at 1.3618 - 1.3625. https://fbs.com/img/articles/3956/15...1200_q90v3.png There's a possible developing "Rectangle" pattern, so the price is likely going to achieve the nearest support at 1.3444. Meanwhile, if we have a pullback from this level, we could have a bullish correction towards the closest resistance at 1.3618 - 1.3625. More: https://fbs.com/analytics/articles/g...e-pattern-3956 |
Re: Market news and trade recommendations by FBS
EUR/USD: "WINDOW" REMAINS OPEN
13:51 25.09.2017 https://fbs.com/img/articles/3957/15...1200_q90v3.png We've got a bearish "Harami", but the last "Window" remains open. So, the market is likely going to continue declining towards the nearest support. If any bullish pattern arrives later on, we could have an upward correction. https://fbs.com/img/articles/3957/15...1200_q90v3.png The price reached the "Window", but there isn't any reversal pattern so far. Therefore, we could have just a local upward correction and a decline afterwards More: https://fbs.com/analytics/articles/e...ains-open-3957 |
Re: Market news and trade recommendations by FBS
USD/JPY: "SHOOTING STAR" PATTERN
13:54 25.09.2017 https://fbs.com/img/articles/3958/15...1200_q90v3.png The upper "Window" has acted as resistance once again, so we've got a "Shooting Star". In this case, the market is likely going to test the nearest "Window", which could act as support. https://fbs.com/img/articles/3958/15...1200_q90v3.png We've got a "Hammer", which has been formed on the 34 Moving Average. So, bulls are likely going to test the closest "Window", which could be a departure point for a decline. More: https://fbs.com/analytics/articles/u...r-pattern-3958 |
Re: Market news and trade recommendations by FBS
EUR/USD: BEARS IN GAME
07:30 26.09.2017 Technical levels: support – 1.1800, 1.1725; resistance – 1.1875. Trade recommendations: Buy — 1.1800; SL — 1.1780; TP1 — 1.1850; TP2 – 1.1875. Reason: bearish Ichimoku Cloud with falling Senkou Span A; a new dead cross of Tenkan-sen and Kijun-sen with falling lines; the prices are entered into the negative area, but there is a strong support on 1.1800 and the market is oversold. https://fbs.com/img/articles/3972/15...1200_q90v3.png More: https://fbs.com/analytics/articles/e...s-in-game-3972 |
Re: Market news and trade recommendations by FBS
USD/JPY: DOLLAR IS IN CORRECTION TO CLOUD
07:30 26.09.2017 Technical levels: support – 111.40, 111.10; resistance – 111.90, 112.20. Trade recommendations: Buy — 111.40; SL — 111.20; TP1 — 111.90; TP2 — 112.20. Reason: bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with narrow channel Tenkan-Kijun; the prices are breaking down the Kijun’s support and in correction local trend to the Cloud. https://fbs.com/img/articles/3973/15...1200_q90v3.png More: https://fbs.com/analytics/articles/u...-to-cloud-3973 |
Re: Market news and trade recommendations by FBS
EUR/USD: BEARS FACED WITH SUPPORT
07:59 26.09.2017 https://fbs.com/img/articles/3974/15...1200_q90v3.png The 89 Moving Average has been broken, so there's a new local low. In this case, the market is likely going to continue declining towards the nearest support at 1.1837 - 1.1822. If a pullback from this area happens, we could have an upward correction in the direction of the closest resistance at 1.1925 - 1.1952. https://fbs.com/img/articles/3974/15...1200_q90v3.png Bears faced with support at 1.1837, so the price is consolidating. Therefore, we should keep an eye on the nearest resistance at 1.1864 - 1.1874 as an intraday target. Meanwhile, if we have a pullback from these levels, bears will probably try to catch another support at 1.1837 - 1.1822. More: https://fbs.com/analytics/articles/e...h-support-3974 |
Re: Market news and trade recommendations by FBS
GBP/USD: BULLISH "WEDGE" PATTERN
08:01 26.09.2017 https://fbs.com/img/articles/3976/15...1200_q90v3.png The price is consolidating between the levels. Also, there's a bullish "Wedge" pattern, so the pair is likely going to test the nearest support at 1.3444 - 1.3404. If a pullback from this target happens, there'll be an opportunity to have an upward price movement in the direction of the next resistance at 1.3625 - 1.3681. https://fbs.com/img/articles/3976/15...1200_q90v3.png The 89 Moving Average has acted as support, so we could have a local upward correction. However, if the 34 MA acts as resistance, bears are likely going to reach another support at 1.3404 afterwards. More: https://fbs.com/analytics/articles/g...e-pattern-3976 |
Re: Market news and trade recommendations by FBS
EUR/USD: BEARISH "HARAMI" LED TO DECLINE
12:19 26.09.2017 https://fbs.com/img/articles/3979/15...1200_q90v3.png The last bearish "Harami" led to a decline. Also, there's a "Three Methods" pattern, so the market is likely going to continue falling down towards the nearest support area in the short term. https://fbs.com/img/articles/3979/15...1200_q90v3.png There isn't any reversal pattern so far, but we could have a local upward correction. Anyway, bears are likely going to push the price even lower afterwards. More: https://fbs.com/analytics/articles/e...o-decline-3979 |
Re: Market news and trade recommendations by FBS
USD/JPY: 89 MA ACTED AS SUPPORT
12:23 26.09.2017 https://fbs.com/img/articles/3980/15...1200_q90v3.png There are a "Shooting Star" and a "Harami" patterns, which both have been confirmed. So, we should keep an eye on the 55 Moving Average as an intraday target. https://fbs.com/img/articles/3980/15...1200_q90v3.png The 89 Moving Average has acted as support, so we've got a bullish "High Wave" pattern on this line. In this case, the pair is likely going to test the 34 MA, which could be a departure point for another decline. More: https://fbs.com/analytics/articles/u...s-support-3980 |
Re: Market news and trade recommendations by FBS
USD/CHF: FRANC HAS DRAWN A TRIANGLE
07:09 27.09.2017 Recommendation: BUY 0.9745 SL 0.969 TP 0.9845, SELL 0.965 SL 0.9705 TP 0.9585 On the daily chart, USD/CHF keeps forming the “Dragon” pattern. Renewal of September high will allow to expect process growth towards the curl of the Dragon’s tail and the upper border of the descending trend channel. https://fbs.com/img/articles/4004/15...1200_q90v3.png On H1, USD/CHF formed a triangle. A successful test of its upper border and resistance at 0.9745 will increase the odds of the rally’s continuation. On the other hand, a break below the triangle’s lower border, the uptrend channel, and support at 0.9650 will trigger a correction. https://fbs.com/img/articles/4004/15...1200_q90v3.png More: https://fbs.com/analytics/articles/u...-triangle-4004 |
Re: Market news and trade recommendations by FBS
GBP/USD: BEARS ENTERED INTO CLOUD
07:17 27.09.2017 Technical levels: support – 1.3310, 1.3255; resistance – 1. 3560. Trade recommendations: Buy — 1.3260; SL — 1.3240; TP1 — 1.3440; TP2 — 1.3560. Reason: bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, with the falling lines; the market entered into the cloudy area and may go lower to the support of Senkou Span B. https://fbs.com/img/articles/4005/15...1200_q90v3.png More: https://fbs.com/analytics/articles/g...nto-cloud-4005 |
Re: Market news and trade recommendations by FBS
AUD/USD: AUSSIE IS OVERSOLD
07:18 27.09.2017 Technical levels: support – 0.7830; resistance – 0.7900, 0.7940. Trade recommendations: Buy — 0.7830; SL — 0.7810; TP1 — 0.7900; TP3 — 0.7870. Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen; the prices are in the oversold area; strong support on 0.7830. https://fbs.com/img/articles/4006/15...1200_q90v3.png More: https://fbs.com/analytics/articles/a...-oversold-4006 |
Re: Market news and trade recommendations by FBS
GBP/USD: POUND IS FLIRTING WITH INDIANS
07:23 27.09.2017 Recommendations: SELL 1.34 SL 1.3455 TP 1.3325 TP2 1.322 BUY 1.356 SL 1.3505 TP1 1.356 TP2 1.375 On the daily chart, GBP/USD keeps forming “Three Indians” pattern. A successful test of support at 1.3400 will allow bears to develop correction. Never the less, pound is in the clear bullish trend, so targets of shorts should be moderate. https://fbs.com/img/articles/4007/15...1200_q90v3.png On H1, a repeated test of support at 1.34 will increase the odds of realization of 88.6% target of the “Shark” pattern. Return of the price to the middle of the 1.3465-1.3610 consolidation range will trigger “Shakeout-Fakeout” pattern and create grounds for resumption of the bullish trend. https://fbs.com/img/articles/4007/15...1200_q90v3.png More: https://fbs.com/analytics/articles/g...h-indians-4007 |
Re: Market news and trade recommendations by FBS
EUR/USD: BROKEN "PENNANT"
08:32 27.09.2017 https://fbs.com/img/articles/4011/15...1200_q90v3.png Bears went through support at 1.1772, so we should keep an eye on the next support at 1.1714 - 1.1688 as the next intraday target. If a pullback from this area happens, we could have an upward correction towards the nearest resistance at 1.1772 - 1.1793. https://fbs.com/img/articles/4011/15...1200_q90v3.png The last "Pennant" pattern has been broken, so the price is declining. The main target is the closest support area at 1.1714 - 1.1688, which could be a departure point for a bullish correction. More: https://fbs.com/analytics/articles/e...n-pennant-4011 |
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