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Re: Market news and trade recommendations by FBS
USD/JPY: NO ANY BEARISH PATTERN SO FAR
13:15 24.10.2017 https://fbs.com/img/articles/4602/15...1200_q90v3.png We've got a bullish "Hammer", which has been formed at the local low. Considering confirmation of this pattern, the market is likely going to reach the nearest resistance level. In this case, the last local high could be broken soon. https://fbs.com/img/articles/4602/15...1200_q90v3.png There's a bullish "Tweezers", which has been formed at the local low. Also, there's no any bearish pattern so far. So, the pair is likely going to continue moving up during the day. More: https://fbs.com/analytics/articles/u...rn-so-far-4602 |
Re: Market news and trade recommendations by FBS
EUR/USD: EURO READY TO GOING LOWER
05:39 25.10.2017 Technical levels: support – 1.1730; resistance – 1.1770. Trade recommendations: Sell — 1.1750; SL — 1.1870; TP1 — 1.1700; TP2 – 1.1680 Reason: narrow bearish Ichimoku Cloud, but horizontal Senkou Span A and B; a strong dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen; the prices are tested the Cloud’s resistance and ready to continue a downtrend. https://fbs.com/img/articles/4614/15...1200_q90v3.png More: https://fbs.com/analytics/articles/e...ing-lower-4614 |
Re: Market news and trade recommendations by FBS
GBP/USD: POUND RETURNED TO MINIMUMS OF LAST WEEK
05:40 25.10.2017 Technical levels: support – 1.3100; resistance – 1.3150. Trade recommendations: Sell — 1.3150; SL — 1.3170; TP1 — 1.3100; TP2 — 1.3075. Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a weak golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices are in negative area, below the Kijun-sen. https://fbs.com/img/articles/4615/15...1200_q90v3.png More: https://fbs.com/analytics/articles/g...last-week-4615 |
Re: Market news and trade recommendations by FBS
USD/CHF: BULLS BROKE FREE
06:33 25.10.2017 Recommendation: BUY 0.9880 SL 0.9825 TP1 0.998 TP2 1.004 On the daily chart, USD/CHF completely formed the “Dragon” pattern. After it renewed the “Dragon's head” and quitted the descending trade channel, we are certain that bulls have the initiative. They unfolded the long-term trend and are ready to continue the rally at least until 224% target of AB=CD. https://fbs.com/img/articles/4617/15...1200_q90v3.png On H1, USD/CHF is forming «Spike and reversal with acceleration”. As long as it’s staying above 0.9770-0.9800, bulls will remain control. https://fbs.com/img/articles/4617/15...1200_q90v3.png More: https://fbs.com/analytics/articles/u...roke-free-4617 |
Re: Market news and trade recommendations by FBS
GBP/USD: BEARS WANT TO CONTINUE THE FEAST
06:45 25.10.2017 Recommendation: SELL 1.3100 SL 1.3155 TP1 1.3 TP2 1.271 On the daily chart, inability of bulls to keep GBP/USD above 1.3175 points at their weakness. Bears are regaining the initiative and are ready to attack the lower border of the uptrend channel and trigger AB=CD pattern with the target at 200%. https://fbs.com/img/articles/4618/15...1200_q90v3.png On H1, the formation of the “Widening wedge” will allow expecting the pair to reach 113% target of a “Shark” pattern. To do this bears need a successful test of support levels at 78.6% and 88.6% of the wave 4-5. https://fbs.com/img/articles/4618/15...1200_q90v3.png More: https://fbs.com/analytics/articles/g...the-feast-4618 |
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EUR/USD: "THORN" PATTERN
08:02 25.10.2017 https://fbs.com/img/articles/4621/15...1200_q90v3.png There's a "Thorn" pattern, so the price is consolidating. The main intraday target is the nearest support at 1.1729 - 1.1719. If we have a pullback from this area, there'll be an opportunity to have an upward price movement towards the nearest resistance at 1.1793 - 1.1822. https://fbs.com/img/articles/4621/15...1200_q90v3.png Bears faced with support at 1.1757, but there's also resistance by the 34 Moving Average. If a pullback from this line happens, the market is likely going to test the next support at 1.1724 - 1.1719. This area could be a departure point for another bullish price movement towards a resistance at 1.1780 - 1.1793. More: https://fbs.com/analytics/articles/e...n-pattern-4621 |
Re: Market news and trade recommendations by FBS
GBP/USD: BEARISH "PENNANT"
08:05 25.10.2017 https://fbs.com/img/articles/4622/15...1200_q90v3.png The Moving Averages have acted as resistance, so there's a "Double Top" pattern, which led to the current consolidation. It's likely that the pair is going to achieve the closest support at 1.3081 - 1.3026 during the day. If a pullback from these levels happens little later on, we could have a bullish price movement towards the next resistance at 1.3227 - 1.3258. https://fbs.com/img/articles/4622/15...1200_q90v3.png There's a bearish "Pennant", so the price is likely going to reach the nearest support at 1.3080 - 1.3073 during the day. If we have a pullback from this area, we should keep an eye on the next resistance at 1.3150 - 1.3169 as an intraday target. More: https://fbs.com/analytics/articles/g...h-pennant-4622 |
Re: Market news and trade recommendations by FBS
EUR/USD: 21 & 34 MA ACTING AS RESISTANCE
12:22 25.10.2017 https://fbs.com/img/articles/4634/15...1200_q90v3.png The 21 & 34 Moving Averages are acting as resistance, but there's still no any reversal pattern so far. If a pullback from these lines happens little later on, there'll be an opportunity to have another decline. https://fbs.com/img/articles/4634/15...1200_q90v3.png Bulls have reached the 89 Moving Average, so the pair is consolidating. If the 34 MA acts as support, we could have a local upward price movement. The main intraday target is the upper "Window". More: https://fbs.com/analytics/articles/e...esistance-4634 |
Re: Market news and trade recommendations by FBS
USD/JPY: BULLISH "THREE METHODS" PATTERN
12:25 25.10.2017 https://fbs.com/img/articles/4635/15...1200_q90v3.png There's a bullish "Three Methods" pattern, which has been confirmed enough. So, the market is likely going to continue moving up in the short term. If any bearish pattern forms afterwards, there'll be an option to have a decline in the direction of the nearest support. https://fbs.com/img/articles/4635/15...1200_q90v3.png The lower "Window" has acted as support, but there's a bearish "Harami", which has been formed at the last local high. In this case, bears are likely going to test the closest support level, which could be a departure point for another upward price movement. More: https://fbs.com/analytics/articles/u...s-pattern-4635 |
Re: Market news and trade recommendations by FBS
EUR/USD: POSSIBLE DOUBLE ZIGZAG IN WAVE [II]
12:41 25.10.2017 https://fbs.com/img/articles/4636/15...1200_q90v3.png Wave [ii] might have been ended, so there's an opportunity to have another upward impulse wave. Previously, an upward impulse in wave [i] was formed. The main target for wave [iii] is 6/8 MM Level. https://fbs.com/img/articles/4636/15...1200_q90v3.png As we can see on the one-hour chart, there's a possible double zigzag in wave [ii]. 1/8 MM Level acted as support, so bulls are likely going to deliver an extension in wave (iii) of [iii]. More: https://fbs.com/analytics/articles/e...n-wave-ii-4636 |
Re: Market news and trade recommendations by FBS
EUR/JPY IS GOING NORTH
07:12 26.10.2017 Recommendation: BUY 133.25 SL 132.7 TP1 134.25 TP2 136 BUY 134.5 SL 133.95 TP 136 On the daily chart, EUR/JPY keeps trading within an uptrend and junior and senior AB=CD. Their 161.8% and 224% targets are near 136. The recent resistance at 133.50 acts as support. https://fbs.com/img/articles/4652/15...1200_q90v3.png On H1, EUR/JPY formed the “Widening wedge” pattern. A break of the lower border of an uptrend channel and triggering of the “Shark” pattern will increase the risks of correction towards 133.25. On the other hand, renewal of October low will allow bulls to keep pushing the pair higher. https://fbs.com/img/articles/4652/15...1200_q90v3.png More: https://fbs.com/analytics/articles/e...ing-north-4652 |
Re: Market news and trade recommendations by FBS
USD/JPY: SHARKS ARE CHASING THE YEN
07:19 26.10.2017 Recommendation: BUY 112.5 SL 111.95 TP1 113.5 TP2 114.3 TP3 115.3 BUY 114.25 SL 113.7 TP1 115.3 On the daily chart, USD/JPY reached 88.6% target of the «Shark” pattern. As a result, the risks of correction towards 23.6%, 38.2% and 50% of the wave CD in line with the transformation of the “Shark” into 5-0 have increased. The trend remains bullish, so use the pullbacks for buying. https://fbs.com/img/articles/4653/15...1200_q90v3.png On H1, USD/JPY is forming “Three Indians” pattern. A break of the lower border of the uptrend channel will trigger the “Shark” and the “Widening wedge” patterns and increase the odds of correction towards 112.50. https://fbs.com/img/articles/4653/15...1200_q90v3.png More: https://fbs.com/analytics/articles/u...g-the-yen-4653 |
Re: Market news and trade recommendations by FBS
EUR/USD: PRICE GOING TO TEST NEXT SUPPORT
08:59 26.10.2017 https://fbs.com/img/articles/4660/15...1200_q90v3.png All the Moving Averages have been broken, so the price is moving up. The main intraday target is the nearest resistance at 1.1857. If a pullback from this level happens, there'll be an opportunity to have a decline towards the closest support at 1.1772 - 1.1757. https://fbs.com/img/articles/4660/15...1200_q90v3.png Bulls faced with resistance at 1.1831, so the price is consolidating. It's likely that the market is going to test the next support at 1.1810 during the day. If we have a pullback from this level, bulls will probably try to test another resistance at 1.1848 - 1.1857. More: https://fbs.com/analytics/articles/e...t-support-4660 |
Re: Market news and trade recommendations by FBS
GBP/USD: "DOUBLE BOTTOM" PATTERN
09:02 26.10.2017 https://fbs.com/img/articles/4661/15...1200_q90v3.png There's a "Double Bottom" pattern, so the price is rising. The 34 Moving Average is likely going to act as support in the short term. If a pullback from this line happens little later on, there'll be an option to have a bullish price movement towards the next resistance at 1.3336 - 1.3398. https://fbs.com/img/articles/4661/15...1200_q90v3.png The last "Pennant" pattern has been transformed into a "Double Bottom", which led to the current bullish rally. Finally, the price found resistance at 1.3286, so we could have a local downward correction during the day. The main target for bears is the closest support at 1.3221 - 1.3200. This area could be a departure point for another upward price movement. More: https://fbs.com/analytics/articles/g...m-pattern-4661 |
Re: Market news and trade recommendations by FBS
EUR/USD: DEVELOPING BULLISH IMPULSE
09:19 26.10.2017 https://fbs.com/img/articles/4662/15...1200_q90v3.png The price has been rising since wave [ii] ended. It's likely that there's a developing bullish impulse, which could be wave [iii]. The main intraday target is 6/8 MM Level. https://fbs.com/img/articles/4662/15...1200_q90v3.png There are two bullish impulses, which are likely waves (i) and i. So, there's an opportunity to have an extension in wave (iii). In this case, bulls are likely going to deliver wave iii of (iii) in the short term. More: https://fbs.com/analytics/articles/e...h-impulse-4662 |
Re: Market news and trade recommendations by FBS
EUR/USD: BEARISH "HIGH WAVE"
13:22 26.10.2017 https://fbs.com/img/articles/4667/15...1200_q90v3.png There's a "Shooting Star", which has been formed at the local high. So, the price is likely going to continue declining until any bullish pattern arrives. https://fbs.com/img/articles/4667/15...1200_q90v3.png The last bearish "High Wave" led to the current massive decline, but there's an opportunity to have a local bullish correction in the coming hours. If a pullback from the Moving Averages arrives afterwards, we could have another decline. More: https://fbs.com/analytics/articles/e...high-wave-4667 |
Re: Market news and trade recommendations by FBS
USD/JPY: PRICE CONSOLIDATING NEAR "WINDOW"
13:25 26.10.2017 https://fbs.com/img/articles/4668/15...1200_q90v3.png The price is consolidating near the "Window". The 55 Moving Average is likely going to act as support, which could be a departure point for another bullish price movement. https://fbs.com/img/articles/4668/15...1200_q90v3.png There's a bearish "Engulfing", which has been formed at the local high. So, the market is likely going to test the 89 Moving Average in the coming hours. If a pullback from this line happens afterwards, bulls will probably try to deliver another upward price movement. More: https://fbs.com/analytics/articles/u...ar-window-4668 |
Re: Market news and trade recommendations by FBS
GBP/USD: POUND RETURNED TO NEGATIVE AREA
06:05 27.10.2017 Technical levels: support – 1.3100; resistance – 1.3150. Trade recommendations: Sell — 1.3160; SL — 1.3180; TP1 — 1.3100; TP2 — 1.3075. Reason: narrowing bearish Ichimoku Cloud with falling Senkou Span B; a cancelled golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices are in negative area, but on the strong support of 1.3100. https://fbs.com/img/articles/4681/15...1200_q90v3.png More: https://fbs.com/analytics/articles/g...tive-area-4681 |
Re: Market news and trade recommendations by FBS
AUD/USD: AUSSIE IS OVERSOLD
06:07 27.10.2017 Technical levels: support – 0.7610; resistance – 0.7690 Trade recommendations: Buy — 0.7610; SL — 0.7590; TP1 — 0.7690; TP2 — 0.7730. Reason: bearish Ichimoku Cloud, falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen, falling Tenkan-sen and Kijun-sen; but the prices are on the strong daily support. https://fbs.com/img/articles/4682/15...1200_q90v3.png More: https://fbs.com/analytics/articles/a...-oversold-4682 |
Re: Market news and trade recommendations by FBS
EUR/USD WANDERED IN BEARS’ LAIR
06:26 27.10.2017 Recommendation: SELL 1.167 SL 1.1725 TP1 1.155 TP2 144 SELL 1.1695 SL 1.175 TP1 1.155 TP2 1.144 On the daily chart, EUR/USD formed a 5-0 pattern: after a pullback towards 50% of the wave CD of the “Shark” pattern, the pair declined. Correction towards 200% target of AB=CD will likely continue. https://fbs.com/img/articles/4683/15...1200_q90v3.png On H1, EUR/USD formed a «Widening wedge” and almost reached 127.2% target of the ideal butterfly pattern. Pullbacks towards 1.1670 and 1.1695 may be used for selling. https://fbs.com/img/articles/4683/15...1200_q90v3.png More: https://fbs.com/analytics/articles/e...0%99-lair-4683 |
Re: Market news and trade recommendations by FBS
EUR/GBP: BULLS DREAM ABOUT SURFING
06:37 27.10.2017 Recommendations: BUY 0.8895 SL 0.884 TP1 0.8995 TP2 0.9075 SELL 0.8770 SL 0.8825 TP 0.8670 On the daily chart, the “Shark” pattern is transforming into 5-0. Return to 50% of the wave CD may be a reason for buying. On the other hand, a break of support levels at 78.6% and 88.6% of the wave CD will increase the risks of odds of a decline. https://fbs.com/img/articles/4684/15...1200_q90v3.png On H1, there are conditions for triggering “Wolfe waves” pattern with the following formation of a “Shark” pattern. At first, bulls need to conquer resistance at 0.8895 (high of the bar which marked the previous low). https://fbs.com/img/articles/4684/15...1200_q90v3.png More; https://fbs.com/analytics/articles/e...t-surfing-4684 |
Re: Market news and trade recommendations by FBS
EUR/USD: "FLAG" PATTERN
09:40 27.10.2017 https://fbs.com/img/articles/4687/15...1200_q90v3.png Bears faced with support at 1.1615, so the price is consolidating. The main intraday target is the next support at 1.1582 - 1.1560. If a pullback from this area happens, there'll be an opportunity to have an upward correction in the direction of the closest resistance at 1.1615 - 1.1668. https://fbs.com/img/articles/4687/15...1200_q90v3.png There's a "Flag" pattern, so the market is likely going to reach another support at 1.1582 - 1.1560 during the day. However, if we see a pullback from these levels, there'll be time for a bullish correction. More: https://fbs.com/analytics/articles/e...g-pattern-4687 |
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GBP/USD: "TRIPLE TOP" PATTERN
09:46 27.10.2017 https://fbs.com/img/articles/4688/15...1200_q90v3.png The last bearish "Double Top" led to the current decline. It seems like bears are ready to move on, so we could have a new local low soon. At the same time, there's an opportunity to have an upward correction afterwards. The main bullish target is the nearest resistance at 1.3182 - 1.3227. https://fbs.com/img/articles/4688/15...1200_q90v3.png The market has plunged because of the last "Triple Top" pattern. The price is likely going to reach the next support at 1.3061 - 1.3047 during the day. If we have a pullback from this area, bulls will probably try to test the closest resistance at 1.3150 - 1.3182. More: https://fbs.com/analytics/articles/g...p-pattern-4688 |
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EUR/USD: SERIES OF "THREE METHODS" PATTERNS
12:11 27.10.2017 https://fbs.com/img/articles/4690/15...1200_q90v3.png There's a developing bearish "Three Methods". If this pattern confirms, the price is likely going to continue moving down until any bullish model forms. https://fbs.com/img/articles/4690/15...1200_q90v3.png We've got series of "Three Methods" patterns, so the price is still declining. It's likely that the market is going to test the nearest support area, which could be a departure point for a bullish correction. More: https://fbs.com/analytics/articles/e...-patterns-4690 |
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USD/JPY: BULLISH "DOJI"
12:14 27.10.2017 https://fbs.com/img/articles/4691/15...1200_q90v3.png The price reached the nearest resistance, but there isn't any reversal pattern so far. So, bulls are likely going to deliver a new local high. Nevertheless, there's an opportunity to have a downward correction in the short term. https://fbs.com/img/articles/4691/15...1200_q90v3.png There's a bullish "Doji", which has been formed at the local low. This pattern has confirmation, so we could have another upward price movement. If any bearish pattern arrives little later on, there'll be time for a downward correction. More: https://fbs.com/analytics/articles/u...lish-doji-4691 |
Re: Market news and trade recommendations by FBS
GBP/USD: POUND WILL TEST SSA
06:50 30.10.2017 Technical levels: support – 1.3100; resistance – 1.3150. Trade recommendations: Sell — 1.3150; SL — 1.3170; TP1 — 1.3100; TP2 — 1.3075. Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a new dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen; the prices are under the resistance of Senkou Span A. https://fbs.com/img/articles/4709/15...1200_q90v3.png More: https://fbs.com/analytics/articles/g...-test-ssa-4709 |
Re: Market news and trade recommendations by FBS
USD/JPY: DOLLAR RETURNED TO CLOUD
06:51 30.10.2017 Technical levels: support – 113.40; resistance – 114.40. Trade recommendations: Buy — 113.40; SL — 113.20; TP1 — 114.00; TP2 — 114.40. Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen; the prices are tested the resistance of 114.40 and returned to support of the Cloud. https://fbs.com/img/articles/4710/15...1200_q90v3.png More: https://fbs.com/analytics/articles/u...-to-cloud-4710 |
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EUR/USD: "V-BOTTOM" PATTERN
06:54 30.10.2017 https://fbs.com/img/articles/4711/15...1200_q90v3.png There's a "V-Bottom" pattern, so the price reached the nearest resistance at 1.1615. Nevertheless, the market is likely going to achieve the next resistance at 1.1668 - 1.1695 in the short term. If a pullback from this area happens, we could have a downward correction towards the closest support at 1.1560 - 1.1533. https://fbs.com/img/articles/4711/15...1200_q90v3.png The last "V-Bottom" pattern led to the current consolidation. The main intraday target is the nearest support at 1.1582 - 1.1560. If a pullback from this area happens, there'll be an opportunity to have an upward price movement in the direction of another resistance at 1.1668 - 1.1695. More: https://fbs.com/analytics/articles/e...m-pattern-4711 |
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GBP/USD: 34 MOVING AVERAGE ACTS AS RESISTANCE
06:57 30.10.2017 https://fbs.com/img/articles/4713/15...1200_q90v3.png We've got a "V-Bottom", which pushed the price to the nearest resistance at 1.3150. The 89 Moving Average is likely going to act as resistance in the short term. If we have a pullback from this line, bears will probably try to test the closest support at 1.3120 - 1.3081. https://fbs.com/img/articles/4713/15...1200_q90v3.png There's a "Double Bottom", which has been confirmed. At the same time, the 34 Moving Average acts as resistance, so bears are likely going to reach the nearest support at 1.3109 - 1.3087 during the day. This area could be a departure point for a bullish price movement towards the next resistance at 1.3182 - 1.3208. More: https://fbs.com/analytics/articles/g...esistance-4713 |
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EUR/USD: +1/8 MM LEVEL ACTED AS RESISTANCE
07:11 30.10.2017 https://fbs.com/img/articles/4714/15...1200_q90v3.png +1/8 MM Level has acted as resistance, so a bullish impulse in wave (c) might be ended. In this case, there's an opportunity to have bearish wave 3. The main target for the coming days is 6/8 MM Level. https://fbs.com/img/articles/4714/15...1200_q90v3.png There's a pullback from 2/8 MM Level, so wave (iii) might have been formed. So, we're likely going to have an upward correction, which could be wave (iv). If a pullback from 3/8 MM Level happens little later on, we could have another decline in wave (v) of [iii]. More: https://fbs.com/analytics/articles/e...esistance-4714 |
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NZD/USD: KIWI CAUGHT A CRAB
07:17 30.10.2017 Recommendation: BUY 0.689 SL 0.6835 TP 0.699 On the daily chart, NZD/USD broke below the diagonal support and went outside of the uptrend channel. As a result, the odds of reaching 127.2% and 161.8% targets of “Crab” pattern will increase. https://fbs.com/img/articles/4715/15...1200_q90v3.png On H1, NZD/USD keeps forming the inverted pattern “Spike and reversal with acceleration”. As long as the pair hasn’t risen above 0.7050, bears will keep the situation under control. Formation of the “Head and shoulders” pattern will allow a short-term correction. https://fbs.com/img/articles/4715/15...1200_q90v3.png More: https://fbs.com/analytics/articles/n...ht-a-crab-4715 |
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AUD/USD: AUSSIE CALLED A SHARK
07:39 30.10.2017 Recommendation: BUY 0.7685 SL 0.7630 TP 0.7775 On the daily chart, AUD/USD reached convergence area of 0.7607-0.7732 (88.6% and 161.8% targets of the “Shark” and “Crab” patterns + 61.8% of the long-term descending wave). This together with the formation of a pin bar will increase the risks of a pullback. https://fbs.com/img/articles/4717/15...1200_q90v3.png On H1, AUD/USD is forming the inverted “Spike and reversal with acceleration”. As long as the Australian dollar is trading above 0.7810, the situation will be controlled by bears. Triggering of the “Shark” pattern will increase the risks of a pullback to 88.6%. https://fbs.com/img/articles/4717/15...1200_q90v3.png More: https://fbs.com/analytics/articles/a...d-a-shark-4717 |
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EUR/USD: "INVERTED HAMMER" PATTERN
12:46 30.10.2017 https://fbs.com/img/articles/4721/15...1200_q90v3.png There're bullish patterns such a "High Wave" and an "Engulfing", which both have been formed at the local low. In this case, the market is likely going to test the 34 Moving Average, which could be a departure point for another decline. https://fbs.com/img/articles/4721/15...1200_q90v3.png We've got an "Inverted Hammer" pattern, but bulls faced with the nearest resistance, so we could have a local bearish correction during the day. Nevertheless, an upward correction is likely going to be continued afterwards. More: https://fbs.com/analytics/articles/e...r-pattern-4721 |
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USD/JPY: 89 MOVING AVERAGE ACTING AS SUPPORT
12:49 30.10.2017 https://fbs.com/img/articles/4722/15...1200_q90v3.png There's a bearish "Engulfing", which has been confirmed, so the price is declining. The main intraday target is the 34 Moving Average, which could be a departure point another bullish rally. https://fbs.com/img/articles/4722/15...1200_q90v3.png The 89 Moving Average is acting as support, so we've got a "Hammer" and a "Tweezers" on this line. However, confirmation of these patterns is a quite weak. So, we could have a local upward correction and the following decline little later on. More: https://fbs.com/analytics/articles/u...s-support-4722 |
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GOLD: BULLS FENDED OFF AN ATTACK
07:08 31.10.2017 Recommendation: SELL $1264 SL $1279 TP $1237 TP2 $1212 On the daily chart, the first attempt to test support at $1264-1267 an ounce was a failure. Bears want to repeat their attack. Their success will increase the odds of the pair reaching 78.6% and 200% targets of Gartley pattern and AB=CD. https://fbs.com/img/articles/4747/15...1200_q90v3.png On H1, to resume the downtrend XAU/USD needs to make another test of support at 88.6% of the last descending wave. If bulls manage to keep gold above the upper border of the downtrend channel, the possibility of reaching 88.6% target of the "Shark” pattern will increase. https://fbs.com/img/articles/4747/15...1200_q90v3.png More: https://fbs.com/analytics/articles/g...an-attack-4747 |
Re: Market news and trade recommendations by FBS
USD/CAD: BULLS REMAIN IN CONTROL
07:21 31.10.2017 Recommendation: BUY 1.292 SL 1.2865 TP1 1.302 TP2 1.3245 BUY 1.2715 SL 1.266 TP1 1.2815 TP2 1.2915 On the daily chart, USD/CAD keeps forming an inverted “Shark” pattern with a target at 88.6%. To continue the rally bulls, need to renew October low. As long as the pair is trading below 1.2710-1.2715, buyers remain in control of the situation. Pullbacks may be used for buying. https://fbs.com/img/articles/4748/15...1200_q90v3.png On H1, USD/CAD there’s a “Spike and reversal with acceleration” pattern. To break the uptrend, bears need to lead the pair below 1.26. https://fbs.com/img/articles/4748/15...1200_q90v3.png More: https://fbs.com/analytics/articles/u...n-control-4748 |
Re: Market news and trade recommendations by FBS
EUR/USD: "V-BOTTOM" PATTERN
09:24 31.10.2017 https://fbs.com/img/articles/4751/15...1200_q90v3.png There's a "V-Bottom" pattern, so the price is consolidating. It's likely that bulls are going to reach the nearest resistance at 1.1668 - 1.1695 in the short term. If a pullback from this area happens, there'll be an opportunity to have a decline towards the next support at 1.1560 - 1.1533. https://fbs.com/img/articles/4751/15...1200_q90v3.png The price is consolidating under the 34 Moving Average, so bears are likely going to test the next support at 1.1615 - 1.1601 during the day. Meanwhile, if we see a pullback from these levels, there'll be an option to have an upward price movement in the direction of the 55 Moving Average. More: https://fbs.com/analytics/articles/e...m-pattern-4751 |
Re: Market news and trade recommendations by FBS
GBP/USD: BULLISH "FLAG"
09:28 31.10.2017 https://fbs.com/img/articles/4752/15...1200_q90v3.png The Moving Averages are acting as resistance. Nevertheless, the pair is likely going to test the next resistance at 1.3278 - 1.3311 in the short term. If we have a pullback from this area, there'll be an option to have a decline towards the closest support at 1.3227 - 1.3182. https://fbs.com/img/articles/4752/15...1200_q90v3.png There's a bullish "Flag" pattern, so the market is likely going to test the nearest resistance at 1.3278 - 1.3286 in the coming hours. This area could be a departure point for a bearish correction towards the closest support at 1.3208 - 1.3182. More: https://fbs.com/analytics/articles/g...lish-flag-4752 |
Re: Market news and trade recommendations by FBS
EUR/USD: ZIGZAG IN WAVE (IV)
09:56 31.10.2017 https://fbs.com/img/articles/4753/15...1200_q90v3.png There's a pullback from 2/8 MM Level, so wave (iii) might have been formed. Also, wave (iv) hasn't been finished yet, so we should keep an eye on 3/8 MM Level as an intraday target. If a pullback from this level happens, there'll be an opportunity to have another bearish impulse in wave (v) of [iii]. https://fbs.com/img/articles/4753/15...1200_q90v3.png Wave (iv) is taking the form of a zigzag. 3/8 MM Level has acted as resistance, so we could have wave b during the day. If a pullback from 2/8 MM Level happens little later on, bulls are likely going to deliver wave c of (iv). More: https://fbs.com/analytics/articles/e...n-wave-iv-4753 |
Re: Market news and trade recommendations by FBS
EUR/USD: "TWEEZERS" AND "HARAMI"
12:43 31.10.2017 https://fbs.com/img/articles/4758/15...1200_q90v3.png There's a bearish "Harami", but confirmation of this pattern isn't enough. So, bulls are likely going to test the 34 Moving Average, which could be a departure point for another decline. https://fbs.com/img/articles/4758/15...1200_q90v3.png The 34 Moving Average is acting as resistance, so we've got a "Tweezers" and a "Harami" on this line. In this case, we could have a local decline during the day. Nevertheless, bulls will probably try to resume an upward correction afterwards. More: https://fbs.com/analytics/articles/e...nd-harami-4758 |
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