|
Re: Market news and trade recommendations by FBS
EUR/USD Daily Analytics
14:57 14.11.2017 https://fbs.com/img/articles/5077/15...1200_q90v3.png The price has broken all the Moving Averages, but there isn't any reversal pattern so far, cause all the last candles are bullish. So, if the 89 Moving Average acts as support, there'll be an opportunity to have another upward price movement. https://fbs.com/img/articles/5077/15...1200_q90v3.png Bulls reached the "Window", but there isn't any reversal pattern for now. However, if any bearish pattern forms in the coming hours, we could have a downward correction. More: https://fbs.com/analytics/articles/e...he-window-5077 |
Re: Market news and trade recommendations by FBS
USD/JPY Daily Analytics
15:00 14.11.2017 https://fbs.com/img/articles/5078/15...1200_q90v3.png The upper "Window" acted as resistance, so there's a "Shooting Star" pattern, which hasn't been confirmed yet. In this case, we could have a bearish price movement in the short term. https://fbs.com/img/articles/5078/15...1200_q90v3.png We've got bearish patterns such a "Harami" and a "Three Black Crows", which both have been confirmed. So, the market is likely going to continue falling down during the day. More: https://fbs.com/analytics/articles/u...ack-crows-5078 |
Re: Market news and trade recommendations by FBS
USD/CHF Daily Analytics
06:42 15.11.2017 Recommendation: BUY 0.9985 SL 0.993 TP1 1.0085 TP2 1.0145 On the daily chart, USD/CHF is getting outside of the trade channel. This increases the odds of correction. If bears manage to pull the pair below support at 0.9890 and fix below it, chances of continuation of the pullback to 0.9775-0.9800 will increase. https://fbs.com/img/articles/5090/15...1200_q90v3.png On H1, return to the middle of the previous consolidation range of 0.9940-1.0035 will trigger “Shakeout-Fakeout” and be a signal for opening longs. There we also find the lower border of an uptrend channel. https://fbs.com/img/articles/5090/15...1200_q90v3.png More: https://fbs.com/analytics/articles/u...ce-deceit-5090 |
Re: Market news and trade recommendations by FBS
GBP/USD Daily Analytics
06:54 15.11.2017 Recommendation: BUY 1.3295 SL 1.324 TP 1.3415 TP2 1.352 SELL 1.3045 SL 1.31 TP1 1.289 TP2 1.2715 On the daily chart, GBP/USD keeps consolidating in 1.3045-1.3320 range. A successful test of its lower border will open bears way down to 200% target of AB=CD. On the other hand, a rise above 1.3320 will increase the risks of uptrend’s resumption. https://fbs.com/img/articles/5091/15...1200_q90v3.png On H1, there’s the senior widening wedge pattern. Taking into account increased volatility in November and formation of the junior pattern, play it on the breaks of resistance at 1.3295 and support at 1.3045. https://fbs.com/img/articles/5091/15...1200_q90v3.png More: https://fbs.com/analytics/articles/g...in-wedges-5091 |
Re: Market news and trade recommendations by FBS
EUR/USD Daily Analytics
09:02 15.11.2017 https://fbs.com/img/articles/5096/15...1200_q90v3.png Bulls faced with resistance at 1.1787, so the price is consolidating. The main intraday target is the next resistance at 1.1836. If a pullback from this level happens, we could have a bearish correction in the direction of the nearest support at 1.1787. https://fbs.com/img/articles/5096/15...1200_q90v3.png There's a bullish "Flag" pattern, so the market is likely going to continue moving up towards the closest resistance at 1.1804 - 1.1836 during the day. However, if a pullback from these levels arrives little later on, there'll be an opportunity to have a downward correction towards the nearest support at 1.1804 - 1.1787. More: https://fbs.com/analytics/articles/e...g-pattern-5096 |
Re: Market news and trade recommendations by FBS
GBP/USD Daily Analytics
09:08 15.11.2017 https://fbs.com/img/articles/5097/15...1200_q90v3.png The price is consolidating near the 89 Moving Average. Also, there's a bullish "Thorn" pattern, so the market is likely going to test the next resistance at 1.3182 - 1.3238. If a pullback from these levels happens, we could have a decline towards the closest support at 1.3182 - 1.3150. https://fbs.com/img/articles/5097/15...1200_q90v3.png The Moving Averages have acted as support, so there's a "V-Bottom" pattern. In this case, bulls are likely going to reach the nearest resistance at 1.3179 during the day. If we see a pullback from this level, there'll be time for downward correction. More: https://fbs.com/analytics/articles/g...s-support-5097 |
Re: Market news and trade recommendations by FBS
EUR/USD Daily Analytics
12:35 15.11.2017 https://fbs.com/img/articles/5099/15...1200_q90v3.png There's a bullish "Three Methods" pattern, so the price is likely going to test the nearest resistance. If a pullback from this level happens little later on, there'll be an opportunity to have a bearish correction. https://fbs.com/img/articles/5099/15...1200_q90v3.png We've got a bearish "Doji", which has been formed at the last local high. So, the lower "Window" is likely going to act as support in the coming hours. If a pullback from this level arrives afterwards, we could have another bullish rally. More: https://fbs.com/analytics/articles/e...rish-doji-5099 |
Re: Market news and trade recommendations by FBS
USD/JPY Daily Analytics
12:39 15.11.2017 https://fbs.com/img/articles/5100/15...1200_q90v3.png The lower "Window" has acted as support, but there isn't any bullish pattern so far. However, we could have a local upward correction, but bears are likely going to continue to push the price even lower afterwards. https://fbs.com/img/articles/5100/15...1200_q90v3.png The price is still declining, but there's a bullish "Hammer" at the local low. Meanwhile, this pattern hasn't been confirmed yet, so there's an option to have just a local correction. Therefore, we're likely going to have another decline pretty soon. More: https://fbs.com/analytics/articles/u...s-support-5100 |
Re: Market news and trade recommendations by FBS
EUR/USD Daily Analytics
14:21 15.11.2017 https://fbs.com/img/articles/5102/15...1200_q90v3.png The market couldn't fixate below 8/8 MM Level, so there's developing wave 5 of (C). Previously, we had an extension in wave 3. Therefore, the last high is likely going to be broken soon. https://fbs.com/img/articles/5102/15...1200_q90v3.png Wave 4 took the form of a zigzag, which led to the current upward price movement. The main intraday target for wave [i] is 7/8 MM Level, which could be a departure point for wave [ii] of 5. More: https://fbs.com/analytics/articles/e...-mm-level-5102 |
Re: Market news and trade recommendations by FBS
TRADING PLAN FOR NOVEMBER 16
14:23 15.11.2017 The US dollar index (DXY) declined below 93.50 on Wednesday. The USD was pressured by the decline of the US Treasury yields. American data came out mixed on Wednesday: there was a slight increase in core CPI growth rate, but wages remained soft. Next support for DXY lies at 93.05 (October 19 low). The US will release unemployment claims and Philly Fed manufacturing index at 15:30 MT time and industrial production at 04:15 MT time on Thursday. https://fbs.com/img/articles/5103/15...1200_q90v3.png EUR/USD rose above 1.1800 for the first time in 3 weeks. Demand for the euro rose as investors resumed buying European equities and the region’s economic figures remain strong. Resistance is at October high of 1.1880 and 1.1910. https://fbs.com/img/articles/5103/15...1200_q90v3.png GBP/USD is hesitating around 1.3170 after the release of the UK labor market figures. Wage growth exceeded forecast a bit, although the inactivity rate – a number of people not working or seeking job – rose by most in nearly 8 weeks. The release of retail sales on Thursday is the next important event in British economic calendar at 11:30 MT time. In addition, the market will await comments from the Bank of England’s governor Carney during the day. On the upside, the pair’s limited by resistance line from September highs at 1.3210. Support is in 1.3090 area (support line since February) ahead of 1.3000 (psychological level). https://fbs.com/img/articles/5103/15...1200_q90v3.png AUD/USD fell as Australian wage price index disappointed. The Aussie found support at 0.7575 (long-term support line). Attempts to recover will face resistance at 0.7625 (previous support), 0.7650. On Thursday, Australia will release labor market figures at 02:30 MT time. https://fbs.com/img/articles/5103/15...1200_q90v3.png More: https://fbs.com/analytics/articles/t...vember-16-5103 |
Re: Market news and trade recommendations by FBS
EUR/JPY Daily Analytics
07:33 16.11.2017 Recommendation: BUY 133.65 SL 133.1 TP1 134.65 TP2 136 On the daily chart, EUR/JPY reached the targets of “Wolfe waves” pattern. A break of diagonal resistance at 2-4 increased risks of an uptrend’s resumption. To reach targets at 161.8% and 224% of AB=CD the pair should renew November high. https://fbs.com/img/articles/5115/15...1200_q90v3.png On H1, EUR/JPY formed “Wolfe waves” and “Deep Shark”. Correction to 23.6%, 38.2% and 50% of the wave CD are usually used for forming long positions as the Shark is transforming into 5-0. https://fbs.com/img/articles/5115/15...1200_q90v3.png More: https://fbs.com/analytics/articles/e...its-trend-5115 |
Re: Market news and trade recommendations by FBS
EUR/USD Daily Analytics
07:40 16.11.2017 Technical levels: support – 1.1770; resistance – 1.1850. Trade recommendations: Buy — 1.1790; SL — 1.1770; TP1 — 1.1850; TP2 – 1.1880 Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising lines; the prices are made a new highs and corrected to the support of Tenkan-sen. https://fbs.com/img/articles/5116/15...1200_q90v3.png More: https://fbs.com/analytics/articles/e...new-highs-5116 |
Re: Market news and trade recommendations by FBS
GBP/USD: POUND CAN’T BREAKING SSB’S RESISTANCE
07:41 16.11.2017 Technical levels: support – 1.3110; resistance – 1.3180. Trade recommendations: Sell — 1.3100; SL — 1.3120; TP1 — 1.3050; TP2 — 1.3010. Buy — 1.3150; SL — 1.3130; TP1 — 1.3260; TP2 — 1.3300. Reason: narrowing bearish Ichimoku Cloud with rising Senkou Span A; a cancelled dead cross of Tenkan-sen and Kijun-sen; the prices are inside of a Cloud and under pressure of SSB’s resistance. https://fbs.com/img/articles/5117/15...1200_q90v3.png More: https://fbs.com/analytics/articles/g...esistance-5117 |
Re: Market news and trade recommendations by FBS
EUR/USD Daily Analytics
07:55 16.11.2017 https://fbs.com/img/articles/5120/15...1200_q90v3.png The price faced with resistance at 1.1857, so there's a "V-Top" pattern, which pushed the pair to the nearest support at 1.1767 - 1.1743. If a pullback from this area happens little later on, there'll be an opportunity to have a bullish price movement towards another resistance at 1.1836 - 1.1857. https://fbs.com/img/articles/5120/15...1200_q90v3.png There's a "Double Top" pattern, but the market faced with support at 1.1767, so the price is consolidating. In this case, we could have an upward price movement in the direction of another resistance at 1.1804 - 1.1820. However, if a pullback from these levels happens afterwards, there'll be time for a decline towards the closest support at 1.1767 - 1.1742. More: https://fbs.com/analytics/articles/e...p-pattern-5120 |
Re: Market news and trade recommendations by FBS
GBP/USD Daily Analytics
07:58 16.11.2017 https://fbs.com/img/articles/5121/15...1200_q90v3.png There's a "Thorn" pattern, so the price is consolidating. The main intraday target is the nearest support at 1.3150 - 1.3109. If a pullback from this area happens little later on, bulls are likely going to reach the next resistance at 1.3182 - 1.3238. https://fbs.com/img/articles/5121/15...1200_q90v3.png The price is consolidating under the Moving Averages. Also, there's a "Thorn" pattern, which has been confirmed. Therefore, the pair is likely going to reach the nearest support at 1.3150 - 1.3153. This area could be a departure point for another upward price movement. More: https://fbs.com/analytics/articles/g...n-pattern-5121 |
Re: Market news and trade recommendations by FBS
USD/JPY Daily Analytics
07:59 16.11.2017 Recommendation: BUY 113.25 SL 112.7 TP1 114.25 TP2 114.8 On the daily chart, USD/JPY broke the lower border of a rising triangle and then retested it. This was a sign that bears attacked. Sellers tested support at 113 and are trying to fix below it. If they succeed, risks of reaching 88.6% target of a “Shark” pattern will increase. https://fbs.com/img/articles/5122/15...1200_q90v3.png On H1, USD/JPY is forming “Wolfe waves” pattern. To trigger it the pair needs a convincing test of resistance at 113.25. The inverted “Crab” pattern with a target at 161.8% will be also triggered. https://fbs.com/img/articles/5122/15...1200_q90v3.png More: https://fbs.com/analytics/articles/u...hing-wave-5122 |
Re: Market news and trade recommendations by FBS
EUR/USD Daily Analytics
09:56 16.11.2017 https://fbs.com/img/articles/5127/15...1200_q90v3.png There's a developing bullish impulse in wave [i]. Previously, we had a zigzag in wave 4, which means we could have another upward rally. If a pullback from 7/8 MM Level happens little later on, there'll be time for a bearish correction. https://fbs.com/img/articles/5127/15...1200_q90v3.png 6/8 MM Level acted as resistance, so wave (iii) has been ended. Currently, the price is declining in wave (iv). If a pullback from the 34 Moving Average happens during the day, bulls are likely going to deliver another upward impulse in wave (v) of [i]. More: https://fbs.com/analytics/articles/e...esistance-5127 |
Re: Market news and trade recommendations by FBS
USD/JPY Daily Analytics
12:45 16.11.2017 https://fbs.com/img/articles/5129/15...1200_q90v3.png There's a "Hammer", which has stopped the last bearish rally. Considering yesterday's "Engulfing" pattern, the market is likely going to continue moving up towards the Moving Averages in the short term https://fbs.com/img/articles/5129/15...1200_q90v3.png The price has reached the 34 Moving Average, but there isn't any reversal pattern for now. So, bulls are likely going to test the upper "Window", which could be a departure point for a short-term decline. More: https://fbs.com/analytics/articles/u...ish-rally-5129 |
Re: Market news and trade recommendations by FBS
EUR/USD Daily Analytics
12:48 16.11.2017 https://fbs.com/img/articles/5130/15...1200_q90v3.png There're bearish patterns such an "Evening Star" and a "High Wave". So, the price is likely going to test the nearest support. If a pullback from this level happens little later on, we could have another upward price movement. https://fbs.com/img/articles/5130/15...1200_q90v3.png The last "High Wave" pattern led to the current decline, but there isn't any bullish pattern so far. In this case, the 55 Moving Average is likely going to act as support soon. If a pullback from this line happens, there'll be an opportunity to have a bullish price movement. More: https://fbs.com/analytics/articles/e...e-pattern-5130 |
Re: Market news and trade recommendations by FBS
AUD/USD Daily Analytics
07:34 17.11.2017 Technical levels: support – 0.7480; resistance – 0.7580 Trade recommendations: Sell — 0.7560; SL — 0.7580; TP1 — 0.7480; TP2 — 0.7440. Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A and B; an dead cross of Tenkan-sen and Kijun-sen, falling Tenkan-sen and Kijun-sen; the prices are made a new lows and downtrend will continue. https://fbs.com/img/articles/5141/15...1200_q90v3.png More: https://fbs.com/analytics/articles/a...-new-lows-5141 |
Re: Market news and trade recommendations by FBS
USD/JPY Daily Analytics
07:35 17.11.2017 Technical levels: support – 112.50; resistance – 112.80. Trade recommendations: Sell — 112.70; SL — 112.90; TP1 — 112.20; TP2 — 112.00. Reason: bearish Ichimoku Cloud with falling Senkou Span A and B; a new dead cross of Tenkan-sen and Kijun-sen; the prices are fixed under the Cloud. https://fbs.com/img/articles/5142/15...1200_q90v3.png More: https://fbs.com/analytics/articles/u...tive-mood-5142 |
Re: Market news and trade recommendations by FBS
EUR/USD Daily Analytics
07:41 17.11.2017 Recommendation: BUY 1.1860 SL 1.1805 TP1 1.1960 TP2 1.2050 On the daily chart, bulls managed to lead the pair outside of the descending trend. If they manage to continue the attack and redraw November high, risks of 88.6% target of an inverted “Shark” pattern will significantly increase. It’s located near 1.2050. https://fbs.com/img/articles/5143/15...1200_q90v3.png On H1, EUR/USD keeps forming a “Widening wedge”. Pullback towards 23.6% of the wave 4-5 allowed to form longs. A break of resistance at 1.1860 will provide an opportunity to add to bullish positions. More: https://fbs.com/analytics/articles/e...-the-game-5143 |
Re: Market news and trade recommendations by FBS
EUR/GBP Daily Analytics
08:07 17.11.2017 Recommendation: BUY 0.8875 SL 0.882 TP1 0.8975 TP2 91 On the daily chart, pin bar stopped the bulls’ attack for some time. Never the less, as long as the quotes are above the upper border of the uptrend, chances for the formation of a “Dragon” pattern are still high. To begin with, buyers should renew high at 0.9020. https://fbs.com/img/articles/5144/15...1200_q90v3.png On H1, EUR/GBP keeps forming a “Crab”. Pullbacks to 50% of the last bullish wave with the following rebound of the uptrend channel’s lower border will be a signal for opening long positions. https://fbs.com/img/articles/5144/15...1200_q90v3.png More: https://fbs.com/analytics/articles/e...terattack-5144 |
Re: Market news and trade recommendations by FBS
EUR/USD Daily Analytics
09:25 17.11.2017 https://fbs.com/img/articles/5146/15...1200_q90v3.png Bears faced with support at 1.1767, so there's a bullish "V-Bottom" pattern, which pushed the price to the nearest resistance at 1.1836. The main intraday target is the next resistance at 1.1857, which could be a departure point for a bearish correction. https://fbs.com/img/articles/5146/15...1200_q90v3.png The 89 Moving Average has acted as support, so there's a "Triple Bottom" pattern, which led to the current consolidation. In this case, the pair is likely going to reach the closest resistance at 1.1836 - 1.1859 in the short term. If a pullback from this area happens a little later on, we could have a decline towards the nearest support at 1.1787 - 1.1767. More: https://fbs.com/analytics/articles/e...m-pattern-5146 |
Re: Market news and trade recommendations by FBS
GBP/USDDaily Analytics
09:28 17.11.2017 https://fbs.com/img/articles/5147/15...1200_q90v3.png There's a bullish "Thorn", which led to forming a new local high. The main intraday target is the next resistance at 1.3278 - 1.3298. Meanwhile, if a pullback from these levels arrives afterwards, bears will probably try to reach another support at 1.3238 - 1.3213. https://fbs.com/img/articles/5147/15...1200_q90v3.png Bulls have broken the local downtrend line, so the price is rising. It's likely that the pair is going to achieve the next resistance at 1.3278 - 1.3298 during the day. This area could be a departure point for a bearish correction in the direction of the closest support at 1.3238 - 1.3213. More: https://fbs.com/analytics/articles/g...ish-thorn-5147 |
Re: Market news and trade recommendations by FBS
EUR/USD Daily Analytics
11:07 17.11.2017 https://fbs.com/img/articles/5150/15...1200_q90v3.png There's a bullish "Doji", which has been confirmed, so the price is likely going to test the nearest resistance. If a pullback from this level happens, we could have just another decline towards the 89 Moving Average. https://fbs.com/img/articles/5150/15...1200_q90v3.png The upper "Window" has acted as resistance, so we've got a local decline. At the same time, there's a bullish "Doji", which means, the "Window" is likely going to be tested once again during the day. More: https://fbs.com/analytics/articles/e...lish-doji-5150 |
Re: Market news and trade recommendations by FBS
USD/JPY Daily Analytics
11:10 17.11.2017 https://fbs.com/img/articles/5151/15...1200_q90v3.png There's a bullish "Hammer", which has been formed at the last local low. The Moving Averages are acting as resistance. So, we could have just bullish correction and the following decline afterwards. https://fbs.com/img/articles/5151/15...1200_q90v3.png We've got an "Inverted Hammer", but confirmation of this pattern is a quite weak. Therefore, the market is likely going to test the upper "Window" in the short term. If a pullback from this level happens, there'll be an opportunity to have just another decline. More: https://fbs.com/analytics/articles/u...ed-hammer-5151 |
Re: Market news and trade recommendations by FBS
EUR/USD Daily Analytics
11:18 17.11.2017 https://fbs.com/img/articles/5153/15...1200_q90v3.png There's a developing bullish impulse, which could be wave [i]. Also, we've got a pullback from 5/8 MM Level, so there's an opportunity to have wave (v) of [i]. The main intraday target is 7/8 MM Level, which could be a departure point for wave [ii]. https://fbs.com/img/articles/5153/15...1200_q90v3.png The 34 Moving Average has acted as support once again, so wave (iv) might have been formed. In this case, bulls are likely going to deliver wave (v) of [i] in the coming hours. In this case, the high of wave (iii) will be broken pretty soon. More: https://fbs.com/analytics/articles/e...h-impulse-5153 |
Re: Market news and trade recommendations by FBS
EUR/USD Daily Analytics
05:26 20.11.2017 https://fbs.com/img/articles/5180/15...1200_q90v3.png There's a pullback from 6/8 MM Level, so wave [i] might have been formed. In this case, we could have wave [ii] soon. If a pullback from 4/8 MM Level happens little later on, there'll be a green light for wave [iii]. https://fbs.com/img/articles/5180/15...1200_q90v3.png Wave [ii] is likely going to take the form of a zigzag. If the market fixates above 4/8 MM Level during the day, bulls are likely going to deliver wave (i) of [iii]. More: https://fbs.com/analytics/articles/e...-mm-level-5180 |
Re: Market news and trade recommendations by FBS
NZD/USD Daily Analytics
07:46 20.11.2017 Recommendation: SELL 0.6870 SL 0.6925 TP1 0.677 TP2 0.6625 On the daily chart, the inability of bulls to settle above 0.6907 and 0.6823 points at their weakness. The downtrend towards targets at 127.2% and 161.8% of the “Crab” pattern continues. A condition necessary for its break is the pair’s return to resistance at 0.6980. https://fbs.com/img/articles/5183/15...1200_q90v3.png On H1, NZD/USD triggering of the “Bat” pattern with the following test of resistance at 0.6825 will increase the risks of a move to 88.6%. At that level, it will be sensible to sell the pound. https://fbs.com/img/articles/5183/15...1200_q90v3.png More: https://fbs.com/analytics/articles/n...the-abyss-5183 |
Re: Market news and trade recommendations by FBS
AUD/USD Daily Analytics
08:13 20.11.2017 Recommendation: BUY 0.7495 SL 0.7440 TP1 0.7606 TP2 0.765 On the daily chart, AUD/USD after reaching 88.6% target of the “Shark” and a pullback to 23.6% of the wave CD, there was a resumption of a downtrend. The Australian dollar is heading to convergence area at $0.7495-0.7500 (113target of the “Shark” + 78.6% correction level), at which there are odds of a rebound. https://fbs.com/img/articles/5184/15...1200_q90v3.png On H1, an advance to 224% target of AB=CD creates an opportunity for aggressive longs. Conservative entry requires confirmation. https://fbs.com/img/articles/5184/15...1200_q90v3.png More: https://fbs.com/analytics/articles/a...ng-knives-5184 |
Re: Market news and trade recommendations by FBS
EUR/USD Daily Analytics
04:40 21.11.2017 https://fbs.com/img/articles/5209/15...1200_q90v3.png There's a pullback from 6/8 MM Level, so wave [i] might have been formed. Therefore, the price is declining in wave [ii]. The main intraday target is 3/8 MM Level, which could be a departure point for wave [iii]. https://fbs.com/img/articles/5209/15...1200_q90v3.png As we can see on the one-hour chart, wave [ii] is taking the form of a zigzag, so wave (c) is likely going to move on towards 3/8 MM Level. In this case, we could have a new local low during the day. More: https://fbs.com/analytics/articles/e...of-zigzag-5209 |
Re: Market news and trade recommendations by FBS
AUD/USD Daily Analytics
08:41 21.11.2017 Technical levels: support – 0.7480; resistance – 0.7560 Trade recommendations: Sell — 0.7540; SL — 0.7560; TP1 — 0.7500; TP2 — 0.7480. Buy — 0.7480; SL — 0.7460; TP1 — 0.7530; TP2 — 0.7550. Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen, falling Tenkan-sen; the prices are made a new lows, but there is a strong support on 0.7480. https://fbs.com/img/articles/5215/15...1200_q90v3.png More: https://fbs.com/analytics/articles/a...n-support-5215 |
Re: Market news and trade recommendations by FBS
USD/JPY Daily Analytics
08:42 21.11.2017 Technical levels: support – 112.00; resistance – 112.60. Trade recommendations: Sell — 112.50; SL — 112.70; TP1 — 112.00; TP2 — 111.50. Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen; the market corrected to Kijun-sen and ready to continue existing downtrend. https://fbs.com/img/articles/5216/15...1200_q90v3.png More: https://fbs.com/analytics/articles/u...downtrend-5216 |
Re: Market news and trade recommendations by FBS
EUR/USD Daily Analytics
00:10 22.11.2017 https://fbs.com/img/articles/5235/15...1200_q90v3.png There's a "Double Top" pattern, which has been confirmed, so the price is consolidating. The main intraday target is the 55 Moving Average. If a pullback from this line happens little later on, bulls will probably try to reach another resistance at 1.1743 - 1.1767. https://fbs.com/img/articles/5235/15...1200_q90v3.png The price is consolidating between the Moving Averages, so there's a confirmed "Double Bottom" pattern. In this case, the market is likely going to reach the nearest resistance at 1.1767. This level could be a departure point for a decline towards the next support at 1.1712 - 1.1689. More: https://fbs.com/analytics/articles/e...p-pattern-5235 |
Re: Market news and trade recommendations by FBS
GBP/USD DAily Analytics
00:13 22.11.2017 https://fbs.com/img/articles/5236/15...1200_q90v3.png There's a consolidation, which is taking place between the levels 1.3278 - 1.3213. Also, we've got a bearish "Double Top", so the pair is likely going to test the closest support at 1.3201 - 1.3182 in the short term. If we have a pullback from these levels, there'll be an opportunity to have another upward price movement towards the next resistance at 1.3278 - 1.3298. https://fbs.com/img/articles/5236/15...1200_q90v3.png The price is consolidating between the levels 1.3278 - 1.3213. The 34 Moving Average has acted as support, so the market is likely going to test the nearest resistance at 1.3246 - 1.3266. Meanwhile, if we see a pullback from this area, bears will probably try to test the closest support at 1.3186 - 1.3179. More: https://fbs.com/analytics/articles/g...s-support-5236 |
Re: Market news and trade recommendations by FBS
[/B]EUR/USD Daily Analytics[/B]
01:48 22.11.2017 https://fbs.com/img/articles/5237/15...1200_q90v3.png The 34 & 55 Moving Averages are acting as support, but there isn't any reversal pattern so far. In this case, the price is likely going to test the nearest support area once again. If a bullish pattern forms little later on, there'll be an opportunity to have an upward correction. https://fbs.com/img/articles/5237/15...1200_q90v3.png The price is consolidating between the Moving Averages. At the same time, there's a bearish "High Wave" pattern, so the price is likely going to break the last low in the coming hours. More: https://fbs.com/analytics/articles/e...s-support-5237 |
Re: Market news and trade recommendations by FBS
USD/JPY Daily analytics
01:51 22.11.2017 https://fbs.com/img/articles/5238/15...1200_q90v3.png The upper "Window" is acting as resistance, but there's a bullish "High Wave" pattern. In this case, the market is likely going to test the 55 Moving Average, which could be a departure point for another decline. https://fbs.com/img/articles/5238/15...1200_q90v3.png There's a bullish "Engulfing", which has been formed at the last local low, but confirmation of this pattern isn't enough. The main intraday target is the 144 Moving Average, which could act as resistance soon. More: https://fbs.com/analytics/articles/u...g-pattern-5238 |
Re: Market news and trade recommendations by FBS
EUR/USD Daily Analytics
06:42 22.11.2017 https://fbs.com/img/articles/5242/15...1200_q90v3.png Wave [ii] is still underway, so we should keep an eye on 3/8 MM level as the next bearish target. If a pullback from this level happens little later on, there'll be an opportunity to have an impulse in wave [iii]. https://fbs.com/img/articles/5242/15...1200_q90v3.png There's a possible leading diagonal in wave (a). In this case, we could have wave (b) during the day. Nevertheless, bears are likely going to deliver wave (c) of [ii] afterwards. More: https://fbs.com/analytics/articles/e...in-wave-a-5242 |
Re: Market news and trade recommendations by FBS
USD/CHF Daily Analytics
07:08 22.11.2017 Recommendations: BUY 0.9945 SL 0.989 TP1 1.0005 TP2 1.0045 TP3 1.0145 On the daily chart, USD/CHF came to the lowest border of the uptrend trade channel and important support in the 0.9882-0.9891 area. If bulls manage to push the pair above these levels, risks of the uptrend’s resumption towards 161.8% of AB=CD will increase. https://fbs.com/img/articles/5243/15...1200_q90v3.png On H1, USD/CHF is retesting the neckline of “Head and Shoulders”. The pullback with the following successful test of resistance at 0.9940-0.9945 will trigger a “Crab” pattern with the target at 161.8%. https://fbs.com/img/articles/5243/15...1200_q90v3.png More: https://fbs.com/analytics/articles/u...n-defense-5243 |
| All times are GMT. The time now is 05:56. |
Powered by vBulletin® Version 3.8.10
Copyright ©2000 - 2026, vBulletin Solutions, Inc.