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Re: Market news and trade recommendations by FBS
EUR/USD Daily Analytics
14:03 07.11.2017 https://fbs.com/img/articles/4928/15...1200_q90v3.png The last "Shooting Star" led to the current decline. Also, there isn't any reversal pattern so far. If the 21 Moving Average acts as resistance, we're likely going to have just another decline. https://fbs.com/img/articles/4928/15...1200_q90v3.png We don't have any reversal pattern for now. Yesterday, we had a "Tweezers" pattern, so there's a new local low. In this case, the pair is likely going to test the nearest support area during the day. More: https://fbs.com/analytics/articles/e...o-decline-4928 |
Re: Market news and trade recommendations by FBS
USD/JPY Daily Analytics
14:05 07.11.2017 https://fbs.com/img/articles/4929/15...1200_q90v3.png There's a bullish "Engulfing", which has been formed on the 34 Moving Average. Considering confirmation of this pattern, the price is likely going to test the closest resistance area once again. https://fbs.com/img/articles/4929/15...1200_q90v3.png We've got a "High Wave" pattern on the local high, so the pair is likely going to test the 89 Moving Average. If a pullback from this line happens little later on, we could have another bullish price movement. More: https://fbs.com/analytics/articles/u...ocal-high-4929 |
Re: Market news and trade recommendations by FBS
EUR/USD Daily Analitycs
06:04 08.11.2017 Technical levels: support – 1.1550, 1.1580; resistance – 1.1620. Trade recommendations: Sell — 1.1620; SL — 1.1640; TP1 — 1.1580; TP2 – 1.1550 Reason: expanding bearish Ichimoku Cloud, falling Senkou Span A; a new dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen; the prices are formed new local lows, but needs a correction to Tenkan or Kijun. https://fbs.com/img/articles/4941/15...1200_q90v3.png More: https://fbs.com/analytics/articles/e...-new-lows-4941 |
Re: Market news and trade recommendations by FBS
USD/JPY Daily Analitycs
06:05 08.11.2017 Technical levels: support – 113.70; resistance – 114.40. Trade recommendations: Buy — 114.00; SL — 113.80; TP1 — 114.40; TP2 — 114.80. Sell — 113.60; SL — 113.80; TP1 — 113.00; TP2 — 112.40. Reason: narrowing bullish Ichimoku Cloud with falling Senkou Span A; a new dead cross of Tenkan-sen and Kijun-sen; the bulls can’t breaking out a resistance of Tenkan-sen and Kijun-sen and the prices returned to Cloud. https://fbs.com/img/articles/4942/15...1200_q90v3.png More: https://fbs.com/analytics/articles/u...-to-cloud-4942 |
Re: Market news and trade recommendations by FBS
USD/CHF Daily Analitycs
07:00 08.11.2017 Recommendation: BUY 1.0035 SL 0.998 TP1 1.0145 TP2 1.0235 SELL 0.994 SL 0.9995 TP1 0.9875 TP2 0.984 On the daily chart, USD/CHF consolidated after reaching 224% target of AB=CD. A triangle was formed. A break of its upper border will allow bulls to continue rally towards 1.0145 and 1.0235. https://fbs.com/img/articles/4944/15...1200_q90v3.png On H1, USD/CHF keeps forming a ledge within “Spike and ledge” pattern. A successful test of resistance at 1.0035 will open the way up to bulls. On the other hand, decline below support at 0.9940 will let bears develop correction. https://fbs.com/img/articles/4944/15...1200_q90v3.png More: https://fbs.com/analytics/articles/u...o-the-top-4944 |
Re: Market news and trade recommendations by FBS
GBP/USD Daily Analitycs
07:18 08.11.2017 Recommendation: SELL 1.3105 SL 1.3160 TP1 1.2890 TP2 1.2710 On the daily chart, GBP/USD is consolidating between 1.3045 and 1.3320. A break of its upper border will create grounds for the pound’s increase to 1.3415 and 1.3520. On the other hand, successful test of support at 1.3045 will increase the risks of the pair going to 200% target of AB=CD. https://fbs.com/img/articles/4946/15...1200_q90v3.png On H1, after forming “Wolfe waves” USD/CHF formed a “Widening wedge”. As usual, the pair’s advance above 88.6% of the wave 4-5 is used for buying, while the fall below 23.6% is used for selling. https://fbs.com/img/articles/4946/15...1200_q90v3.png More: https://fbs.com/analytics/articles/g...ng-wedges-4946 |
Re: Market news and trade recommendations by FBS
EUR/USD Daily |Analitycs
08:14 08.11.2017 https://fbs.com/img/articles/4950/15...1200_q90v3.png The main local trend is still bearish. The last "Flag" pattern led to a new low. It's likely that the price is going to reach the next support at 1.1533 - 1.1494 in the short term. If a pullback from this area happens little later on, there'll be an opportunity to have a bullish correction. https://fbs.com/img/articles/4950/15...1200_q90v3.png The 34 Moving Average has acted as resistance, so there's a "Double Top" pattern, which pushed the price to the closest support at 1.1582. The main intraday target is the next resistance at 1.1601 - 1.1605, which could be a departure point for another bearish price movement. More: https://fbs.com/analytics/articles/e...o-new-low-4950 |
Re: Market news and trade recommendations by FBS
GBP/USD Daily Analitycs
08:17 08.11.2017 https://fbs.com/img/articles/4951/15...1200_q90v3.png The 34 Moving Average has acted as resistance twice, so the market is likely going to achieve the closest support at 1.3120 - 1.3081. If we see a pullback from these levels, bulls will probably try to reach another resistance at 1.3250 - 1.3239. https://fbs.com/img/articles/4951/15...1200_q90v3.png There are two "Double Top" patterns in a row, but the Moving Averages are acting as support, so we could have a new local high. If a pullback from the nearest resistance at 1.3177 - 1.3182 happens, bears are likely going to reach the next support area. More: https://fbs.com/analytics/articles/g...-in-a-row-4951 |
Re: Market news and trade recommendations by FBS
EUR/USD Daily Analitycs
11:35 08.11.2017 https://fbs.com/img/articles/4952/15...1200_q90v3.png There're bullish patterns such a "Morning Star" and a "High Wave", which both have been confirmed. So, the 55 Moving Average is likely going to act as resistance. If so, we could have another decline afterwards. https://fbs.com/img/articles/4952/15...1200_q90v3.png We've got a "Shooting Star", which has been formed on the 55 Moving Average. However, confirmation of this pattern is a quite weak, so we could have a local bearish correction and the following decline littel later on. More: https://fbs.com/analytics/articles/e...ting-star-4952 |
Re: Market news and trade recommendations by FBS
USD/JPY Daily Analitycs
11:38 08.11.2017 https://fbs.com/img/articles/4953/15...1200_q90v3.png The last bearish "Harami" led to the current decline, but the Moving Averages are acting as support. Also, there isn't any reversal pattern so far, which means the price is likely going to continue declining until any bullish pattern forms. https://fbs.com/img/articles/4953/15...1200_q90v3.png The 89 Moving Average has acted as resistance, so we've got a bearish "High Wave" pattern. In this case, the last low is likely going to be broken soon. If any reversal pattern arrives afterwards, we could have a bullish correction towards the nearest resistance. More: https://fbs.com/analytics/articles/u...e-pattern-4953 |
Re: Market news and trade recommendations by FBS
EUR/USD Daily Analitycs
05:58 09.11.2017 Technical levels: support – 1.1550, 1.1580; resistance – 1.1620, 1.1640. Trade recommendations: Sell — 1.1620; SL — 1.1640; TP1 — 1.1580; TP2 – 1.1550 Reason: expanding bearish Ichimoku Cloud, falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen; the prices are fixed inside a channel of Tenkan-Kijun and may go to the bottom border of a Cloud. https://fbs.com/img/articles/4972/15...1200_q90v3.png More: https://fbs.com/analytics/articles/e...-to-cloud-4972 |
Re: Market news and trade recommendations by FBS
GBP/USD Daily Analitycs
05:59 09.11.2017 Technical levels: support – 1.3080; resistance – 1.3130, 1.3180. Trade recommendations: Sell — 1.3130; SL — 1.3150; TP1 — 1.3080; TP2 — 1.3010. Reason: expanding bearish Ichimoku Cloud, falling Senkou Span A; an irregular golden cross of Tenkan-sen and Kijun-sen; the market returned to Tenkan-sen in a local correction movement. https://fbs.com/img/articles/4973/15...1200_q90v3.png More: https://fbs.com/analytics/articles/g...-strength-4973 |
Re: Market news and trade recommendations by FBS
EUR/JPY Daily Analitycs
06:45 09.11.2017 Recommendation: BUY 132.40 SL 131.85 TP1 133.3 TP2 134.15 On the daily chart, EUR/JPY formed “Wolfe waves” and a pin bar. Their formation will increase the odds of the uptrend resumption. If bulls manage to return inside the uptrend channel, risks of advance to 224% and 161.8% targets of senior and junior AB=CD patterns will significantly increase. https://fbs.com/img/articles/4974/15...1200_q90v3.png On H1, a break of the diagonal resistance at 2-4 within the “Wolfe waves” pattern will become a signal for opening long positions towards 113% target of the “Shark” pattern. https://fbs.com/img/articles/4974/15...1200_q90v3.png More: https://fbs.com/analytics/articles/e...will-surf-4974 |
Re: Market news and trade recommendations by FBS
USD/JPY Daily Analitycs
06:58 09.11.2017 Recommendation: BUY 114.3 SL 113.75 TP1 115.3 TP2 116.25 On the daily chart, USD/JPY will continue forming the “Shark” pattern with the target at 113%. Rebound of the quotes from the lower border of the upside trend channel with the following formation of the pin bar means that bulls are seizing back the initiative. https://fbs.com/img/articles/4976/15...1200_q90v3.png On H1, a break above of the neckline of “Head and shoulders” pattern points at unsuccessful retest. This strengthens the risks of the pair’s advance. Its return to resistance at 114.30 with the following increase above this level will allow bulls to continue the rally. https://fbs.com/img/articles/4976/15...1200_q90v3.png More: https://fbs.com/analytics/articles/u...the-stall-4976 |
Re: Market news and trade recommendations by FBS
EUR/USD Daily Analitycs
08:59 09.11.2017 https://fbs.com/img/articles/4981/15...1200_q90v3.png There's a new local low, but bears faced with support at 1.1560, so we've got a "V-Bottom", which pushed the price higher. In this case, the pair is likely going to reach the nearest resistance at 1.1615 - 1.1634 in the short term. If a pullback from this area happens, there'll be an opportunity to have another decline. https://fbs.com/img/articles/4981/15...1200_q90v3.png We've got a bullish "Pennant" on the one-hour chart, so the market is likely going to test the closest resistance at 1.1634 during the day. If a pullback from this level happens little later on, bears will probably try to deliver a downward price movement in the direction of the next support at 1.1560 - 1.1553. More: https://fbs.com/analytics/articles/e...h-pennant-4981 |
Re: Market news and trade recommendations by FBS
GBP/USD Daily Analitycs
09:04 09.11.2017 https://fbs.com/img/articles/4982/15...1200_q90v3.png There's a "V-Bottom" pattern, which has been confirmed, so the pair is likely going to test the 55 Moving Average soon. If we have a pullback from this line, bears will probably try to start another decline towards the last low. https://fbs.com/img/articles/4982/15...1200_q90v3.png Bulls have broken the last "Pennant" pattern, so the price is rising. However, if a pullback from the nearest resistance at 1.3177 - 1.3182 happens afterwards, we could have a decline in the direction of the next support area. More: https://fbs.com/analytics/articles/g...m-pattern-4982 |
Re: Market news and trade recommendations by FBS
EUR/USD Daily Analytics
14:03 09.11.2017 https://fbs.com/img/articles/4984/15...1200_q90v3.png The price reached the 34 Moving Average, but there isn't any reversal pattern so far. In this case, bulls are likely going to test the 89 MA in the short term. If a pullback from this line happens, we could have just another decline. https://fbs.com/img/articles/4984/15...1200_q90v3.png The last "Three Methods" pattern has acted as support. At the same time, we don't have any bearish candle pattern for now. In this case, the upward correction is likely going to move on until any reversal pattern forms. More: https://fbs.com/analytics/articles/e...the-34-ma-4984 |
Re: Market news and trade recommendations by FBS
USD/JPY Daily Analytics
14:05 09.11.2017 https://fbs.com/img/articles/4985/15...1200_q90v3.png There isn't any reversal pattern, so the price is still declining. Therefore, the market is likely going to continue moving down until any bullish candle pattern arrives. https://fbs.com/img/articles/4985/15...1200_q90v3.png The last "Tweezers" pattern pushed the price lower. All the last candles are black, so we could see the pair even lower in the coming hours. The main intraday target is the lower "Window", which could be a departure point for an upward correction. More: https://fbs.com/analytics/articles/u...s-pattern-4985 |
Re: Market news and trade recommendations by FBS
AUD/USD Daily Anlytics
06:04 10.11.2017 Technical levels: support – 0.7640; resistance – 0.7690 Trade recommendations: Buy — 0.7700; SL — 0.7680; TP1 — 0.7760. Sell — 0.7670; SL — 0.7690; TP1 — 0.7590; TP2 — 0.7540. Reason: bearish Ichimoku Cloud with rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen; the prices returned to bottom border of the Cloud and may enter into cloudy area. https://fbs.com/img/articles/4996/15...1200_q90v3.png More: https://fbs.com/analytics/articles/a...der-cloud-4996 |
Re: Market news and trade recommendations by FBS
USD/JPY Daily Analytics
06:06 10.11.2017 Technical levels: support – 113.20; resistance – 113.80. Trade recommendations: Buy — 114.00; SL — 113.80; TP1 — 114.40; TP2 — 114.80. Sell — 113.30; SL — 113.50; TP1 — 112.40; TP2 — 112.20. Reason: narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen; the prices are tested the support of Senkou Span B and staying inside a Cloud. https://fbs.com/img/articles/4997/15...1200_q90v3.png More: https://fbs.com/analytics/articles/u...s-support-4997 |
Re: Market news and trade recommendations by FBS
EUR/USD Daily Analytics
07:22 10.11.2017 Recommendation: out of market On the daily chart, the pair’s fate will depend on bulls’ ability to move the price towards resistance at 1.1695. In case of failure, the risk of reaching 200% target of AB=CD with the following formation of “Wolfe waves” pattern will increase. A break of resistance will create a ground for euro’s advance to $1.1750 and $1.1880. At these levels positions of sellers are strong. https://fbs.com/img/articles/4999/15...1200_q90v3.png On H1, the end of forming a “Widening wedge” doesn't guarantee a fast move through the diagonal resistance close to 1.1750. If bulls manage to conquer it, risks of realization of 113% target of the “Shark” pattern will increase. https://fbs.com/img/articles/4999/15...1200_q90v3.png More: https://fbs.com/analytics/articles/e...o-give-up-4999 |
Re: Market news and trade recommendations by FBS
EUR/GBP Daily Analytics
07:44 10.11.2017 Recommendation: BUY 0.8940 SL 0.8885 TP1 0.9040 TP2 0.9100 On the daily chart, EUR/GBP is trying to break out of the medium-term descending channel. This is a bullish signal. Formation of the “Double bottom” pattern points at the uptrend’s resumption. https://fbs.com/img/articles/5000/15...1200_q90v3.png On H1, a break of resistance at 0.8940 and triggering of an inverted “Ideal butterfly” will increase the odds of reaching a 127.2% target. At the same time, in case of the break of 88.6% of the wave 4-5 a “Widening wedge” will be formed. https://fbs.com/img/articles/5000/15...1200_q90v3.png More: https://fbs.com/analytics/articles/e...authority-5000 |
Re: Market news and trade recommendations by FBS
GBP/USD Daily Analytics
08:57 10.11.2017 https://fbs.com/img/articles/5006/15...1200_q90v3.png The price is consolidating under the 34 Moving Average. There isn't any reversal pattern, so we should keep an eye on the 89 MA as the next bullish target. If a pullback from this line arrives little later on, bears will probably try to deliver just another decline. https://fbs.com/img/articles/5006/15...1200_q90v3.png The 34 Moving Average is acting as support. Also, there's a bullish "Pennant" pattern, so the pair is likely going to reach the nearest resistance area at 1.3182 - 1.3205 during the day. If we see a pullback from these levels afterwards, there'll be a moment to have a downward price movement. More: https://fbs.com/analytics/articles/g...s-support-5006 |
Re: Market news and trade recommendations by FBS
EUR/USD Daily Analytics
08:54 10.11.2017 https://fbs.com/img/articles/5005/15...1200_q90v3.png The 34 Moving Average has acted as resistance, so the price is consolidating. Meanwhile, the market is likely going to reach the next resistance at 1.1668 - 1.1695. If a pullback from these levels happens, we could have another decline towards the closest support at 1.1615 - 1.1582. https://fbs.com/img/articles/5005/15...1200_q90v3.png There's a "Pennant" pattern, so bulls are likely going to test the nearest resistance at 1.1668 - 1.1689 during the day. However, if a pullback from these levels happens, there'll be an opportunity to have a bearish price movement in the direction of another support at 1.1615 - 1.1601. More: https://fbs.com/analytics/articles/e...t-pattern-5005 |
Re: Market news and trade recommendations by FBS
EUR/USD Daily Analytics
12:33 10.11.2017 https://fbs.com/img/articles/5008/15...1200_q90v3.png There isn't any reversal pattern, so the price is still rising. The main intraday target is the 89 Moving Average, which could be a departure point for another decline. https://fbs.com/img/articles/5008/15...1200_q90v3.png The 89 Moving Average has acted as support, so we've got a "High Wave" pattern, which was confirmed. In this case, the market is likely going to continue rising until any bearish pattern arrives. More: https://fbs.com/analytics/articles/e...e-pattern-5008 |
Re: Market news and trade recommendations by FBS
USD/JPY Daily Analytics
12:36 10.11.2017 https://fbs.com/img/articles/5009/15...1200_q90v3.png There's a bullish "Harami", but confirmation of this pattern is a quite weak. So, if a pullback from the nearest resistance happens little later on, we could have just another decline. https://fbs.com/img/articles/5009/15...1200_q90v3.png The price is consolidating under the lower "Window". Previously, we have a bullish "Doji" pattern, which pushed the price higher. It seems like we're about to have another test of the Moving Averages, which could be a departure point for a decline towards the next "Window". More: https://fbs.com/analytics/articles/u...sh-harami-5009 |
Re: Market news and trade recommendations by FBS
NZD/USD Daily Analytics
06:47 13.11.2017 Registration: BUY 0.7000 SL 0.6945 TP 0.7105 On the daily chart, NZD/USD is consolidating between 0.6820-0.7000 (October low and the lower border of the uptrend trade channel). A break of resistance at 0.7000 will return bulls’ hope for resuming the uptrend. On the other hand, successful test of support at 0.6820 will increase the risks of going to 127.2% and 161.8% targets of “Crab” pattern https://fbs.com/img/articles/5027/15...1200_q90v3.png On H1, aggressive market entries imply getting in on the break of the 0.6905-0.6990 range. According to the conservative approach, it’s necessary to wait for a break of a wider trading range 0.6820-0.7000. https://fbs.com/img/articles/5027/15...1200_q90v3.png More: https://fbs.com/analytics/articles/n...breakfast-5027 |
Re: Market news and trade recommendations by FBS
AUD/USD Daily Analytics
06:56 13.11.2017 Recommendation: BUY 0.7695 SL 0.764 TP 0.7805 SELL 0.762 SL 0.7675 TP 0.75 On the daily chart, AUD/USD keeps consolidating within 0.7620-0.7735. A break of its upper border will open the way up to 0.7805-0.7820, 0.7860 and higher. On the other hand, successful test of support at 0.7620 will increase the odds of 113% target of the “Shark” pattern. https://fbs.com/img/articles/5028/15...1200_q90v3.png On H1, AUD/USD keeps forming “Wolfe waves” pattern. Aggressive entry implies long positions on the break of resistance at 0.7695. According to a conservative approach, one should wait for a test of diagonal resistance and (or) formation of the point 5 of the pattern “Widening wedge”. https://fbs.com/img/articles/5028/15...1200_q90v3.png More: https://fbs.com/analytics/articles/a...r-a-break-5028 |
Re: Market news and trade recommendations by FBS
AUD/USD Daily Analytics
08:03 13.11.2017 Technical levels: support – 0.7640; resistance – 0.7670 Trade recommendations: Sell — 0.7630; SL — 0.7650; TP1 — 0.7570; TP2 — 0.7530. Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A and B; an irregular golden cross of Tenkan-sen and Kijun-sen, falling Kijun-sen; the prices returned into the negative area and may continue falling down. https://fbs.com/img/articles/5031/15...1200_q90v3.png More: https://fbs.com/analytics/articles/a...downtrend-5031 |
Re: Market news and trade recommendations by FBS
USD/JPY: DOLLAR SUPPORTED BY SENKOU SPAN B
08:04 13.11.2017 Technical levels: support – 113.00; resistance – 113.60, 114.00. Trade recommendations: Buy — 113.50; SL — 113.30; TP1 — 114.00; TP2 — 114.40. Reason: bullish Ichimoku Cloud, but falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen; the prices are supported by Senkou Span B and may return to upper border of a Cloud. https://fbs.com/img/articles/5032/15...1200_q90v3.png More: https://fbs.com/analytics/articles/u...ou-span-b-5032 |
Re: Market news and trade recommendations by FBS
EUR/USD Daily Analytics
09:20 13.11.2017 https://fbs.com/img/articles/5035/15...1200_q90v3.png The 34 Moving Average has acted as resistance, so there's a "Thorn" pattern. In this case, we could have a decline towards the nearest support area at 1.1634 - 1.1615. If a pullback from this area happens, bulls will probably try to reach another resistance at 1.1668 - 1.1695. https://fbs.com/img/articles/5035/15...1200_q90v3.png We've got a "Thorn" pattern, so the market is consolidating. It's likely that the pair is going to achieve the next support at 1.1615 in the coming hours. However, if a pullback from this level happens little later on, there'll be an opportunity to have an upward price movement towards the closest resistance at 1.1689 - 1.1695. More: https://fbs.com/analytics/articles/e...n-pattern-5035 |
Re: Market news and trade recommendations by FBS
GBP/USD Daily Analytics
09:23 13.11.2017 https://fbs.com/img/articles/5036/15...1200_q90v3.png The last "Thorn" pattern has been confirmed by the "Breakaway Gap". So, the market is likely going to test the nearest support area 1.3087 - 1.3069. If we see a pullback from these levels, we should keep an eye on the next resistance at 1.3150 - 1.3182 as an intraday target. https://fbs.com/img/articles/5036/15...1200_q90v3.png There's a new "Breakaway Gap", which was formed this morning. The main bearish target is the next support area at 1.3080 - 1.3074, which could be a departure point for a bullish price movement in the direction of another resistance at 1.3182 - 1.3105. More: https://fbs.com/analytics/articles/g...kaway-gap-5036 |
Re: Market news and trade recommendations by FBS
EUR/USD Daily Analytics
11:13 13.11.2017 https://fbs.com/img/articles/5037/15...1200_q90v3.png The 55 Moving Average is acting as resistance, so we've got a "Shooting Star" on this line. However, confirmation of this pattern is a quite weak, so we could have just a local bearish correction. If a pullback from the nearest support happens little later on, there'll be an opportunity to have an upward price movement towards the 89 Moving Average. https://fbs.com/img/articles/5037/15...1200_q90v3.png There's a bearish "Three Methods" pattern, which has been strongly confirmed. Also, there isn't any reversal pattern so far. In this case, the market is likely going to decline in the direction of the nearest support level, which could be a departure point for another bullish rally. More: https://fbs.com/analytics/articles/e...s-pattern-5037 |
Re: Market news and trade recommendations by FBS
USD/JPY Daily Analytics
11:16 13.11.2017 https://fbs.com/img/articles/5038/15...1200_q90v3.png The 21 & 34 Moving Averages are acting as resistance, so there's a bearish "Harami" pattern, which has been confirmed enough. Therefore, the price is likely going to get support on the lower "Window" in the short term. https://fbs.com/img/articles/5038/15...1200_q90v3.png The price has been consolidating under the Moving Averages. Also, there's a bearish "Tower", which has been confirmed by the last "Three Methods" pattern. So, the market is likely going to continue declining during the day. More: https://fbs.com/analytics/articles/u...ish-tower-5038 |
Re: Market news and trade recommendations by FBS
XAU/USD Daily Analytics
07:28 14.11.2017 Recommendations: SELL $1268 SL $1280 TP1 $1237 TP2 $1212 BUY $1287 SL $1275 TP $1310 TP2 $1321 On the daily chart, XAU/USD formed a triangle. A break of its upper border close to $1266 an ounce will return the price inside the downtrend channel and increase the odds of achieving 78.6% and 200% of Gartley and AB=CD. On the other hand, successful test of resistance at $1288 will revive hope for the uptrend’s resumption. https://fbs.com/img/articles/5068/15...1200_q90v3.png On H1, XAU/USD formed a “Widening wedge”. Traders can bet on the break of $1268-1287 range. https://fbs.com/img/articles/5068/15...1200_q90v3.png More: https://fbs.com/analytics/articles/x...e-a-judge-5068 |
Re: Market news and trade recommendations by FBS
USD/CAD Daily Analytics
07:43 14.11.2017 Recommendation: BUY 1.2830 SL 1.2775 TP1 1.2985 TP2 1.3075 On the daily chart, the inability of bears to let USD/CAD outside of the uptrend channel points at sellers’ weakness. Bulls managed to hold to 1.2717 and are able to go to 88.6% target of the “Shark” pattern. https://fbs.com/img/articles/5069/15...1200_q90v3.png On H1, a break of the upper border of the downtrend channel increases the risks of triggering AB=CD pattern and reaching 127.2%, 161.8%, and 200% targets. However, at first, bulls need to push the pair above 1.2830. https://fbs.com/img/articles/5069/15...1200_q90v3.png More: https://fbs.com/analytics/articles/u...an-attack-5069 |
Re: Market news and trade recommendations by FBS
EUR/USD Daily Analytics
08:38 14.11.2017 https://fbs.com/img/articles/5072/15...1200_q90v3.png The main trend is still bearish, but the price is consolidating. The 55 Moving Average is acting as resistance, so the pair is likely going to reach the nearest support at 1.1634 - 1.1615 in the short term. If a pullback from this levels happens little later on, we could have another upward price movement towards the next resistance at 1.1695 - 1.1724. https://fbs.com/img/articles/5072/15...1200_q90v3.png There's a "Double Bottom" pattern, which has been formed above the 34 Moving Average, so the price is consolidating. The main intraday target is the closest resistance at 1.1689 - 1.1695. If we have a pullback from this area, bears will probably try to reach the 89 MA. More: https://fbs.com/analytics/articles/e...m-pattern-5072 |
Re: Market news and trade recommendations by FBS
GBP/USD Daily Analytics
08:41 14.11.2017 https://fbs.com/img/articles/5073/15...1200_q90v3.png Bears faced support at 1.3087, so there's a "V-Bottom" pattern, which pushed the price higher. Nevertheless, if the 34 Moving Average acts as resistance, there'll be an opportunity to have a decline towards the nearest support at 1.3087 - 1.3069. This area could be a departure point for another bullish price movement. https://fbs.com/img/articles/5073/15...1200_q90v3.png There's a "V-Bottom" pattern, which led to the current upward price movement. The main intraday target is the nearest resistance at 1.3150. Meanwhile, if we have a pullback from this level, bears will have a green light to test the closest support at 1.3085 afterwards. More: https://fbs.com/analytics/articles/g...m-pattern-5073 |
Re: Market news and trade recommendations by FBS
EUR/USD Daily Analytics
09:22 14.11.2017 Technical levels: support – 1.1660; resistance – 1.1725. Trade recommendations: Sell — 1.1725; SL — 1.1745; TP1 — 1.1660; TP2 – 1.1640 Reason: bearish Ichimoku Cloud, but rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising lines; the prices are inside a Cloud, but there is a strong resistance of Senkou Span B. https://fbs.com/img/articles/5075/15...1200_q90v3.png More: https://fbs.com/analytics/articles/e...ou-span-b-5075 |
Re: Market news and trade recommendations by FBS
GBP/USD Daily Analytics
09:23 14.11.2017 Technical levels: support – 1.3070; resistance – 1.3120. Trade recommendations: Sell — 1.3120; SL — 1.3140; TP1 — 1.3070; TP2 — 1.3010. Reason: bearish Ichimoku Cloud with horizontal lines Senkou Span A and B; a cancelled golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market in consolidation under the bottom border of the Cloud. https://fbs.com/img/articles/5076/15...1200_q90v3.png More: https://fbs.com/analytics/articles/g...der-cloud-5076 |
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