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Re: Market news and trade recommendations by FBS
USD/JPY Daily Analytics
11:46 14.12.2017 https://fbs.com/img/articles/5710/15...1200_q90v3.png There's an "Inverted Hammer", but confirmation of this pattern is a quite weak. So, we could have just a local upward correction in the short term. Nevertheless, bears are likely going to test the lower "Window" afterwards. https://fbs.com/img/articles/5710/15...1200_q90v3.png The last "High Wave" pattern is still unconfirmed. Therefore, the market is likely going to decline during the day. Anyway, bulls will probably try to test the Moving Averages little later on. More: https://fbs.com/analytics/articles/u...e-pattern-5710 |
Re: Market news and trade recommendations by FBS
EUR/USD Daily Analytics
06:15 15.12.2017 Recommendation: SELL 1.1750 SL 1.1805 TP1 1.1640 TP2 1.1600 TP3 1.1550 On the daily chart, the inability of bulls to push the pair above resistance at 1.1821 points at their weakness. To continue decline towards 127.2% and 161.8% targets of a “Crab” bears need to lead the pair outside of the uptrend channel and conquer support at 1.1750. https://fbs.com/img/articles/5733/15...1200_q90v3.png On H1, a break of support at 1.1730-1.1750 will make EUR/USD go to 161.8% and 88.6% targets of the “Shark” and AB=CD. https://fbs.com/img/articles/5733/15...1200_q90v3.png More: https://fbs.com/analytics/articles/e...er-a-crab-5733 |
Re: Market news and trade recommendations by FBS
EUR/GBP Daily Analytics
06:32 15.12.2017 Recommendation: BUY 0.8850 SL 0.8795 TP1 0.8975 TP2 0.9015 TP3 0.9075 On the daily chart, EUR/GBP keeps consolidating between 0.8740 and 0.9015. A condition needed for the uptrend’s resumption is for the pair to return inside an uptrend channel. On the other hand, if the pair renews December low, the odds of it going to 200% target of AB=CD will increase. https://fbs.com/img/articles/5734/15...1200_q90v3.png On H1, there are conditions for the formation of the “Head and shoulders”. Successful of resistance close to the neckline at 0.8840-0.8850 will open the way to the upside to bulls. https://fbs.com/img/articles/5734/15...1200_q90v3.png More: https://fbs.com/analytics/articles/e...lose-hope-5734 |
Re: Market news and trade recommendations by FBS
GBP/USD Daily Analytics
06:33 15.12.2017 Technical levels: support – 1.3420; resistance – 1.3470. Trade recommendations: Buy — 1.3420/30; SL — 1.3400; TP1 — 1.3470; TP2 — 1.3510. Reason: expanding bullish Ichimoku Cloud, rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen, with rising Tenkan-sen; the prices are above the Cloud and on the support of Senkou Span A. https://fbs.com/img/articles/5735/15...1200_q90v3.png More: https://fbs.com/analytics/articles/g...ove-cloud-5735 |
Re: Market news and trade recommendations by FBS
AUD/USD Daily analytics
06:35 15.12.2017 Technical levels: support – 0.7630; resistance – 0.7680 Trade recommendations: Sell — 0.7680; SL — 0.7700; TP1 — 0.7630; TP2 — 0.7590. Reason: bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices are under strong resistance of 0.7680. https://fbs.com/img/articles/5736/15...1200_q90v3.png More: https://fbs.com/analytics/articles/a...esistance-5736 |
Re: Market news and trade recommendations by FBS
EUR/USD Daily Analytics
12:45 15.12.2017 https://fbs.com/img/articles/5740/15...1200_q90v3.png Bulls faced with resistance at 1.1859, so there's a "Thorn" pattern. The main intraday target is the nearest support at 1.1728 - 1.1712. If a pullback from this area happens, we could have another upward price movement towards the next resistance at 1.1792 - 1.1814. https://fbs.com/img/articles/5740/15...1200_q90v3.png All the Moving Averages have been broken, so there's a "V-Bottom" pattern. It's likely that the market is going to reach the closest resistance at 1.1814 in the coming hours. Meanwhile, if we have a pullback from this level, bears will probably try to reach another support at 1.1756 - 1.1728. More: https://fbs.com/analytics/articles/e...es-broken-5740 |
Re: Market news and trade recommendations by FBS
GBP/USD Daily Analytics
12:48 15.12.2017 https://fbs.com/img/articles/5741/15...1200_q90v3.png The 89 Moving Average has acted as support, so the price is rising. However, there's a "V-Top" pattern, so the market is likely going to decline towards the nearest support at 1.3386 - 1.3369. This area could be a departure point for another bullish price movement in the direction of the next resistance at 1.3454 - 1.3479. https://fbs.com/img/articles/5741/15...1200_q90v3.png The price is consolidating above the Moving Averages. The main intraday target is the closest resistance at 1.3479. If a pullback from this level happens, there'll be an opportunity to have a decline towards the nearest support at 1.3408 - 1.3398. More: https://fbs.com/analytics/articles/g...p-pattern-5741 |
Re: Market news and trade recommendations by FBS
EUR/USD Daily Analytics
12:50 15.12.2017 https://fbs.com/img/articles/5743/15...1200_q90v3.png We've got a bearish "Harami", which has been confirmed enough. However, there's an opportunity to have a local bullish correction in the short term. Nevertheless, bears are likely going to reach the next support afterwards. https://fbs.com/img/articles/5743/15...1200_q90v3.png There's a bullish "Harami", which has been formed at the local low. So, the pair is likely going to test the upper "Window" during the day. If a pullback from this level happens, we could have another decline. More: https://fbs.com/analytics/articles/e...sh-harami-5743 |
Re: Market news and trade recommendations by FBS
USD/JPY Daily Analytics
12:52 15.12.2017 https://fbs.com/img/articles/5744/15...1200_q90v3.png There's a bearish "Three Methods" pattern, which has been confirmed. Also, we don't have any reversal pattern so far. In this case, the price is likely going to continue declining towards the next support area. https://fbs.com/img/articles/5744/15...1200_q90v3.png The lower "Window" is acting as support. Moreover, there's a bullish "Hammer", which hasn't been confirmed yet. So, the pair is likely going to test the nearest Moving Average, which could be a departure point for another bearish price movement. More: https://fbs.com/analytics/articles/u...s-support-5744 |
Re: Market news and trade recommendations by FBS
NZD/USD Daily Anlytics
11:07 18.12.2017 Recommendation: BUY 0.7075 SL 0.7020 TP1 0.7165 TP2 0.7265 On the daily chart, buyers managed to lead the pair outside of the short-term consolidation range and return them inside an uptrend channel. If they succeed, the risks of an uptrend resumption will increase. The recoil of diagonal resistance will allow expecting the test of resistance at 0.6963. https://fbs.com/img/articles/5773/15...1200_q90v3.png On H1, NZD/USD is realizing “Head and Shoulders” and “Shark” patterns. If the pair renews December high, it will create grounds for 88.6% of the “Shark” patterns. https://fbs.com/img/articles/5773/15...1200_q90v3.png More: https://fbs.com/analytics/articles/n...-old-cage-5773 |
Re: Market news and trade recommendations by FBS
AUD/USD Daily Analytics
11:14 18.12.2017 Recommendation: BUY 0.7695 SL 0.764 TP1 0.7810 TP2 0.7850 On the daily chart, AUD/USD bulls managed to lead the pair outside of the downtrend channel and return it inside the long-term uptrend channel. If the pair renews December high with the following break of resistance at 0.7736-0.7752, the odds of a rally will increase. https://fbs.com/img/articles/5774/15...1200_q90v3.png On H1, the “shark” pattern is transforming into 5-0 and trading within a “Widening wedge”. A successful test of resistance at 0.7695-0.7700 will open the way north to 78.6% and 88.6% of the last descending wave. https://fbs.com/img/articles/5774/15...1200_q90v3.png More: https://fbs.com/analytics/articles/a...old-trend-5774 |
Re: Market news and trade recommendations by FBS
EUR/USD Daily Analytics
12:11 18.12.2017 https://fbs.com/img/articles/5775/15...1200_q90v3.png Bears faced with support at 1.1772, so there's a "V-Bottom", which pushed the price to the Moving Averages. The main intraday target is the next resistance at 1.1814 - 1.1859. If a pullback from these levels happens, we could have a decline towards the nearest support at 1.1728 - 1.1712. https://fbs.com/img/articles/5775/15...1200_q90v3.png The 34 & 55 Moving Averages have been broken, so the pair is likely going to reach the closest resistance at 1.1814 - 1.1847. Meanwhile, if we have a pullback from this area, there'll be an opportunity to see another decline in the direction of the next support at 1.1756 - 1.1728. More: https://fbs.com/analytics/articles/e...m-pattern-5775 |
Re: Market news and trade recommendations by FBS
GBP/USD Daily Analytics
12:13 18.12.2017 https://fbs.com/img/articles/5776/15...1200_q90v3.png There's a "V-Bottom" pattern, which has been confirmed. Therefore, the market is likely going to test the nearest resistance area at 1.3386 - 1.3408. These levels could be a departure point for another decline towards the next support at 1.3300 - 1.3278. https://fbs.com/img/articles/5776/15...1200_q90v3.png We've got a "Double Bottom", so the price is rising. The main intraday target is the nearest resistance at 1.3386 - 1.3408. Meanwhile, if a pullback from this area happens, bears will probably try to reach another support at 1.3300 - 1.3278. More: https://fbs.com/analytics/articles/g...esistance-5776 |
Re: Market news and trade recommendations by FBS
EUR/USD Daily Analytics
12:16 18.12.2017 https://fbs.com/img/articles/5777/15...1200_q90v3.png There's a "Piercing Line", which has been broken. So, the market is likely going to continue moving up towards the nearest resistance area. https://fbs.com/img/articles/5777/15...1200_q90v3.png The last "Three Methods" pattern pushed the price higher. At the same time, there's a bearish "Doji", so we could have a local correction in the short term. Anyway, bulls are likely going to test the upper "Window" afterwards. More: https://fbs.com/analytics/articles/e...ce-higher-5777 |
Re: Market news and trade recommendations by FBS
USD/JPY Daily Analytics
12:19 18.12.2017 https://fbs.com/img/articles/5778/15...1200_q90v3.png We've got a bullish "Hammer", but all the Moving Averages are acting as resistance, so the price is consolidating. So, the pair is likely going to test the lower "Window", which could be a departure point for another upward price movement. https://fbs.com/img/articles/5778/15...1200_q90v3.png There's a bearish "Shooting Star", which has been formed on the 55 Moving Average. Therefore, the market is likely going to test the lower "Window" in the coming hours. More: https://fbs.com/analytics/articles/u...ting-star-5778 |
Re: Market news and trade recommendations by FBS
EUR/USD Daily Analytics
13:47 18.12.2017 https://fbs.com/img/articles/5786/15...1200_q90v3.png Wave 5 is likely going to take the form of an ending diagonal pattern. If so, there's an opportunity to have a zigzag in wave [iii] in the short term. The main intraday target is +2/8 MM Level. https://fbs.com/img/articles/5786/15...1200_q90v3.png There's a pullback from 0/8 MM Level, so we've got an upward impulse, which could be wave ii. Also, wave ii likely ended as a zigzag pattern, so the price is rising. Wave [1] is about to end, so if a pullback from 6/8 MM Level happens little later on, we're going to have wave [2] of iii. More: https://fbs.com/analytics/articles/e...l-pattern-5786 |
Re: Market news and trade recommendations by FBS
BITCOIN (BTC/USD)
01:16 19.12.2017 After having found resistance at the level of 19,757, Bitcoin has made a decline of about 6%, according to the contracts of the CME Group that this week debuted as trading assets. The 50-hour moving average is exerting dynamic pressure and has caused the BTC/USD to find support at the level of 18,188. The latest news about cryptocurrency comes from the United Kingdom, as it has been announced that the Financial Conduct Authority (FCA) will begin to monitor the different ICOs that have been appearing in recent months significantly in recent months. In addition, the speculators are taking the current movement as a breathing space for the bulls to continue taking the reins of the BTC. The optimism in Bitcoin is still high because thanks to its launch as a trading instrument it begins to attract institutional money that helps give impetus to cryptocurrency in a long-term vision. According to the current quote, the BTC is testing the psychological level of 18,000, which could be taken as a latent corrective movement. What do we expect? According to our forecasts, we still do not rule out the idea that the BTC/USD is going to try again the psychological support of 18,000, taking into account that the Parabolic SAR is weakening a bit. However, it should be noted that the uptrend line drawn from the December 10 lows is helping to give dynamic support and this may cause the Bitcoin to reach the Fibonacci extension of 100% in 20,504 in the coming days. https://fbs.com/img/articles/5793/15...1200_q90v3.png More: https://fbs.com/analytics/articles/b...ibo-level-5793 |
Re: Market news and trade recommendations by FBS
GBP/JPY Daily Analytics
01:17 19.12.2017 GBP/JPY has been trapped in a bearish correction Since December 8th highs and now it’s testing the 200 SMA at H1 chart. Also, the pair has touched a demand zone established between the 50% and 65% levels at 150.18 and 149.21 respectively. If it manages to rebound above that area, the next target should be placed at the -23.6% level at 154.91. RSI indicator remains in the neutral territory, calling for further sideways in the next hours before to make a decisive move. https://fbs.com/img/articles/5794/15...1200_q90v3.png More: https://fbs.com/analytics/articles/g...ive-phase-5794 |
Re: Market news and trade recommendations by FBS
XAU/USD Daily Analitycs
06:40 19.12.2017 Recommendation: SELL $1267 SL $1282 TP1 $1237 TP2 $1212 On the daily chart, XAU/USD is retesting the lower border of the previous consolidation range of $1264-1298 an ounce. To return inside it, bulls need to overcome resistance at $1264-1267. On the other hand, a pullback will create grounds for the current downtrend’s resumption towards 200% target of AB=CD. https://fbs.com/img/articles/5797/15...1200_q90v3.png On H1, XAU/USD keeps retracing the current downtrend in the direction of convergence area near $1267 an ounce. A pullback will create an opportunity for short positions. https://fbs.com/img/articles/5797/15...1200_q90v3.png More: https://fbs.com/analytics/articles/x...re-a-trap-5797 |
Re: Market news and trade recommendations by FBS
USD/CAD Daily Analytics
06:50 19.12.2017 Recommendation: BUY 1.2905 SL 1.2850 TP1 1.3105 TP2 1.3155 TP3 1.3275 On the daily chart, USD/CAD approached the upper border of the 1.2665-1.2900 consolidation range. A break of resistance at 1.2900-1.2930 will increase the odds of advance towards 200% target of AB=CD. The pullback, on the other hand, will lead to further consolidation. https://fbs.com/img/articles/5799/15...1200_q90v3.png On H1, USD/CAD is forming a “Widening wedge”. A successful test of resistance at 1.2890-1.2905 will allow the formation of point 5. Judging by trading volumes, there are positions of large sellers near https://fbs.com/img/articles/5799/15...1200_q90v3.png More: https://fbs.com/analytics/articles/u...s-freedom-5799 |
Re: Market news and trade recommendations by FBS
AUD/USD Daily Analytics
07:16 19.12.2017 Technical levels: support – 0.7620; resistance – 0.7680 Trade recommendations: Sell — 0.7670; SL — 0.7690; TP1 — 0.7620; TP2 — 0.7600. Reason: narrowing bearish Ichimoku Cloud with falling Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, but the narrowing channel of Tenkan-Kijun; the market is under strong resistance of 0.7680. https://fbs.com/img/articles/5802/15...1200_q90v3.png More: https://fbs.com/analytics/articles/a...-to-kijun-5802 |
Re: Market news and trade recommendations by FBS
USD/JPY Daily Analytics
07:17 19.12.2017 Technical levels: support – 112.30; resistance – 112.90 Trade recommendations: Buy — 112.60; SL — 112.40; TP1 — 113.30; TP2 — 113.50. Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the prices are supported by Senkou Span B. https://fbs.com/img/articles/5803/15...1200_q90v3.png More: https://fbs.com/analytics/articles/u...s-support-5803 |
Re: Market news and trade recommendations by FBS
EUR/USD Daily Analytics
12:11 19.12.2017 https://fbs.com/img/articles/5809/15...1200_q90v3.png There's a "V-Bottom", so the price is rising. The main intraday target is the next resistance at 1.1833 - 1.1847. If a pullback from this area happens, there'll be an opportunity to have a decline towards the next support at 1.1772 - 1.1756. https://fbs.com/img/articles/5809/15...1200_q90v3.png The Moving Averages have acted as support, so there's an upward price movement, which is taking place on the one-hour chart. It's likely that bulls are going to test the closest support at 1.3369 - 1.3336. More: https://fbs.com/analytics/articles/e...s-support-5809 |
Re: Market news and trade recommendations by FBS
GBP/USD Daily Analytics
12:13 19.12.2017 https://fbs.com/img/articles/5810/15...1200_q90v3.png There's a "Thorn" pattern, which has been formed under the 34 Moving Average. The main intraday target is the closest resistance at 1.3408 - 1.3454, which could be a departure point for another decline. https://fbs.com/img/articles/5810/15...1200_q90v3.png We've got a "Thorn" pattern, so the price is rising. Meanwhile, if a pullback from the nearest resistance at 1.3430 - 1.3447 happens, there'll be an opportunity to have a decline towards the closest support at 1.3360 - 1.3336. More: https://fbs.com/analytics/articles/g...n-pattern-5810 |
Re: Market news and trade recommendations by FBS
EUR/USD Daily Aalytics
12:16 19.12.2017 https://fbs.com/img/articles/5811/15...1200_q90v3.png The last "Piercing Line" pushed the price higher. All the Moving Averages have been broken, so the market is likely going to test the nearest resistance area, which could be a departure point for another decline. https://fbs.com/img/articles/5811/15...1200_q90v3.png There's resistance by the upper "Window", so we've got a bearish "Doji". Therefore, the price is likely going to test the Moving Averages during the day. If a pullback from these lines happens, bulls will probably try to test the last high. More: https://fbs.com/analytics/articles/e...rish-doji-5811 |
Re: Market news and trade recommendations by FBS
USD/JPY Daily Analytics
12:20 19.12.2017 https://fbs.com/img/articles/5812/15...1200_q90v3.png There's a bullish "Hammer", which has been confirmed. So, if a pullback from the lower "Window" happens little later on, there'll be an opportunity to have an intraday upward price movement. https://fbs.com/img/articles/5812/15...1200_q90v3.png The price is consolidating inside the "Window". Also, we've got a bullish "High Wave", so the price is likely going to test the last high. If a pullback from this level happens, there'll be an option to have another decline. More: https://fbs.com/analytics/articles/u...sh-hammer-5812 |
Re: Market news and trade recommendations by FBS
USD/CHF Daily Analytics
05:12 20.12.2017 Recommendation: SELL 0.9775 SL 0.983 TP1 0.9675 TP2 0.964 BUY 0.9925 SL 0.987 TP1 1.0025 TP2 1.0145 On the daily chart, USD/CHF bears managed to lower the pair below important support at 0.9880-0.9890. They are focused on testing the lower border of an uptrend channel. The presence of a triangle means that to continue the way down the pair has to go below support at 0.9775. https://fbs.com/img/articles/5831/15...1200_q90v3.png On H1, to resume the rally bulls have to form a double bottom and then return the pair inside the uptrend channel. https://fbs.com/img/articles/5831/15...1200_q90v3.png More: https://fbs.com/analytics/articles/u...-triangle-5831 |
Re: Market news and trade recommendations by FBS
GBP/USD Daily Analytics
05:37 20.12.2017 Recommendation: BUY 1.3415 SL 1.3360 TP 1.3525 TP2 1.3585 TP3 1.3655 On the daily chart, GBP/USD bears for the third time tried to pull the pair below 1.3320 (upper border of the previous consolidation range). Formation of 2 inside bars points at the market’s uncertainty. A break of their highs around 1.3215-1.3420 will increase the odds of the pair’s advance. https://fbs.com/img/articles/5833/15...1200_q90v3.png On H1, GBP/USD formed “Wolfe waves” pattern. A break of support at 1.3415 will trigger the “Butterfly” pattern and create grounds for a further rally. https://fbs.com/img/articles/5833/15...1200_q90v3.png More: https://fbs.com/analytics/articles/g...nside-bar-5833 |
Re: Market news and trade recommendations by FBS
EUR/USD Daily Analytics
07:57 20.12.2017 Technical levels: support – 1.1810; resistance – 1.1880. Trade recommendations: Buy — 1.1810; SL — 1.1790; TP1 — 1.1880; TP2 – 1.1920. Reason: narrowing bearish Ichimoku Cloud, rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen; the prices are tested the resistance of Senkou Span B and exit to the positive area. https://fbs.com/img/articles/5839/15...1200_q90v3.png More: https://fbs.com/analytics/articles/e...esistance-5839 |
Re: Market news and trade recommendations by FBS
GBP/USD Daily Analytics
07:59 20.12.2017 Technical levels: support – 1.3380; resistance – 1.3450. Trade recommendations: Buy — 1.3380; SL — 1.3360; TP1 — 1.3450; TP2 — 1.3500. Reason: narrow bearish Ichimoku Cloud with horizontal Senkou Span A and B; a weak dead cross of Tenkan-sen and Kijun-sen with narrowing channel of Tenkan-Kijun; the market in a positive area, on the strong support of Tenkan, Kijun and Senkou Span A. https://fbs.com/img/articles/5840/15...1200_q90v3.png More: https://fbs.com/analytics/articles/g...-to-start-5840 |
Re: Market news and trade recommendations by FBS
EUR/USD Daily Analytics
11:55 20.12.2017 https://fbs.com/img/articles/5845/15...1200_q90v3.png Bulls faced with resistance at 1.1859, so the price is consolidating. The main intraday target is the next resistance at 1.1875 - 1.1884. If a pullback from this area happens, we could have a bearish correction towards the nearest support at 1.1833 - 1.1811. https://fbs.com/img/articles/5845/15...1200_q90v3.png The price has been consolidating since the downtrend was broken. It's likely that the pair is going to test the closest resistance at 1.1871 - 1.1890 in the short term. If a pullback from this area happens, there'll be an opportunity to have a downward correction. More: https://fbs.com/analytics/articles/e...olidating-5845 |
Re: Market news and trade recommendations by FBS
GBP/USD Daily Analytics
11:58 20.12.2017 https://fbs.com/img/articles/5846/15...1200_q90v3.png The 89 Moving Average is acting as support, so the market is likely going to test the nearest resistance at 1.3454. If a pullback from this level happens, we could have a decline towards another support at 1.3369. https://fbs.com/img/articles/5846/15...1200_q90v3.png The price is consolidating above the Moving Averages. The main intraday target is the next resistance at 1.3430 - 1.3447, which could be a departure point for a downward price movement in the direction of the 89 Moving Average. More: https://fbs.com/analytics/articles/g...s-support-5846 |
Re: Market news and trade recommendations by FBS
EUR/USD Daily analytics
12:01 20.12.2017 https://fbs.com/img/articles/5847/15...1200_q90v3.png There's a "Shooting Star", which has been formed at the last local high. So, we're likely going to have a local bearish correction. However, if a pullback from the Moving Averages happens little later on, bulls will probably try to test the upper "Window". https://fbs.com/img/articles/5847/15...1200_q90v3.png We've got a "Shooting Star", which hasn't been confirmed yet. Nevertheless, bears are likely going to test the lower "Window", which could be a departure point for another upward price movement. More: https://fbs.com/analytics/articles/e...r-pattern-5847 |
Re: Market news and trade recommendations by FBS
USD/JPY Daily Analytics
12:03 20.12.2017 https://fbs.com/img/articles/5848/15...1200_q90v3.png The last "Hammer" pattern pushed the price higher. The main intraday target is the upper "Window". If a pullback from this level happens, there'll be an opportunity to have a decline. https://fbs.com/img/articles/5848/15...1200_q90v3.png There's still no any reversal pattern on the one-hour chart. Meanwhile, it's likely to have a downward correction in the coming hours. At the same time, bulls will probably try to test the next resistance area afterwards. More: https://fbs.com/analytics/articles/u...ce-higher-5848 |
Re: Market news and trade recommendations by FBS
EUR/JPY Daily Analytics
06:40 21.12.2017 Recommendation: BUY 134.00 SL 133.45 TP1 135 TP2 136 On the daily chart, EUR/JPY left the medium-term consolidation range 131.50-133.95 as it traded within “Spike and ledge” pattern. As a result, the pair resumed bullish trend and the chances of advance to 200% of AB=CD pattern increased. It’s situated near 136. https://fbs.com/img/articles/5870/15...1200_q90v3.png On H1, EUR/JPY formed a “Widening wedge”. The fact that it went to point 5 means that bulls have total control. Pullbacks to supports may be used for forming long positions. https://fbs.com/img/articles/5870/15...1200_q90v3.png More: https://fbs.com/analytics/articles/e...-got-free-5870 |
Re: Market news and trade recommendations by FBS
USD/JPY Daily Analytics
06:47 21.12.2017 Recommendations: BUY 113.65 SL 113.1 TP1 114.65 TP2 115.35 SELL 112.75 SL 113.3 TP 111.75 On the daily chart, USD/JPY bulls managed to conquer resistance at 113.00 and return initiative in their hands. As a result, the odds of reaching 113% target of the inverted junior “Shark” pattern increased. https://fbs.com/img/articles/5871/15...1200_q90v3.png On H1, USD/JPY keeps correcting to the wave CD as the “Shark” pattern is transforming into 5-0. Return of the pair 50% and the following successful test of the diagonal support will increase the risk of decline. On the other hand, increase above 78.6% and 88.6% will allow bulls to continue the rally. https://fbs.com/img/articles/5871/15...1200_q90v3.png More: https://fbs.com/analytics/articles/u...-go-north-5871 |
Re: Market news and trade recommendations by FBS
EUR/USD Daily Analytics
10:12 21.12.2017 https://fbs.com/img/articles/5874/15...1200_q90v3.png Bulls faced with resistance at 1.1919, so the price is consolidating. The main intraday is the next resistance at 1.1901 - 1.1919. If a pullback from this area happens, there'll be an opportunity to have a decline towards the closest support at 1.1859 - 1.1833. https://fbs.com/img/articles/5874/15...1200_q90v3.png The price is consolidating between the levels 1.1871 - 1.1890. Also, there's a "Pennant" pattern, so it's likely that the pair is going to test the nearest resistance at 1.1914 - 1.1941. Meanwhile, if a pullback from this area happens little later on, bears will probably try to reach another support at 1.1848 - 1.1833. More: https://fbs.com/analytics/articles/e...t-pattern-5874 |
Re: Market news and trade recommendations by FBS
GBP/USD Daily Analytics
10:15 21.12.2017 https://fbs.com/img/articles/5875/15...1200_q90v3.png The market is still consolidating along the Moving Averages. The main intraday target is the next resistance area at 1.3419 - 1.3445. At the same time, if a pullback from these levels takes place, there'll be an opportunity to have another decline in the direction of the nearest support at 1.3336 - 1.3300. https://fbs.com/img/articles/5875/15...1200_q90v3.png There's a consolidation, which is happening under the Moving Averages. Therefore, the pair is likely going to test the closest resistance at 1.3408 - 1.3419. This area could be a departure point for a downward price movement towards the nearest support at 1.3336 - 1.3319. More: https://fbs.com/analytics/articles/g...esistance-5875 |
Re: Market news and trade recommendations by FBS
EUR/USD Daily Analytics
11:12 21.12.2017 https://fbs.com/img/articles/5876/15...1200_q90v3.png There's a bullish "Three Methods" pattern, which has been formed on the nearest "Window". So, the market is likely going to test the next "Window" in the short term. https://fbs.com/img/articles/5876/15...1200_q90v3.png We've got a bullish "Hammer" pattern, which has been confirmed. In this case, it's likely that the pair is going to continue moving up in the direction of the upper "Window" in the coming hours. More: https://fbs.com/analytics/articles/e...r-pattern-5876 |
Re: Market news and trade recommendations by FBS
USD/JPY Daily Analytics
11:15 21.12.2017 https://fbs.com/img/articles/5877/15...1200_q90v3.png There's a "Shooting Star", which has been formed at the last local high. However, this pattern doesn't have confirmation so far. Therefore, we could have just a local bearish correction towards the Moving Averages. https://fbs.com/img/articles/5877/15...1200_q90v3.png We've got a bearish "High Wave", but confirmation of this pattern is a quite weak. So, we should keep an eye on the 89 Moving Average as the next intraday target. If a pullback from this line happens little later on, there'll be an opportunity to have another bullish price movement. More: https://fbs.com/analytics/articles/u...high-wave-5877 |
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