Welcome Guest! To enable all features please
Login or Register . ×
USD/CAD: WILL THE TRIANGLE STOP BEARS? 07:19 12.09.2017
Recommendation:
BUY 1.2165
SL 1.211
TP1 1.229 TP2 1.2365
On the daily chart, USD/CAD approached 200% target of AB=CD. If bears manage to conquer support at 1.2045, risks of continuation of the decline to 1.1960 and 1.1820 will increase. On the other hand, pair’s return above resistance at 1.2185 will create grounds for a correction.
On H1, USD/CAD formed a triangle. A break of its upper border will increase the possibility of a pullback towards the lower and the upper border of the earlier gap.
More:
https://fbs.com/analytics/articles/usd-cad-will-the-triangle-stop-bears-3650
EUR/USD: "TRIPLE BOTTOM" PUSHED PRICE TO 55 MA 08:57 12.09.2017
The main trend is still bullish. The 34 Moving Average has acted as support, so the price is likely going to reach the nearest resistance at 1.1975 - 1.2003. If a pullback from these levels happens, there'll be an opportunity to have a decline towards the next support at 1.1909 - 1.1892.
We've got a "Triple Bottom", which pushed the price to 55 Moving Average. So, the market is likely going to achieve the closest resistance area at 1.2028. If we have a pullback from this level, bears will try to test another support at 1.1934 - 1.1907.
More:
https://fbs.com/analytics/articles/eur-usd-triple-bottom-pushed-price-to-55-ma-3655
GBP/USD: "DOUBLE TOP" PATTERN 09:02 12.09.2017
The price is consolidating between the levels 1.3223 - 1.3164. At the same time, there's a "Double Top" pattern, which has been confirmed. So, the last high could be tested once again in the short term, but bears are likely going to reach the nearest support at 1.3164 - 1.3136 afterwards.
We've got a confirmed "Double Top", but there's a pullback from support at 1.3164. Therefore, the pair is likely going to achieve the nearest resistance at 1.3190 - 1.3223. If a pullback from these levels happens, there'll be an option to have another decline in the direction of the next support at 1.3164 - 1.3149.
More:
https://fbs.com/analytics/articles/gbp-usd-double-top-pattern-3656
EUR/USD: [II] TAKING FORM OF ZIGZAG
11:00 12.09.2017
7/8 MM Level has acted as resistance, so there's developing wave [ii]. If the price fixates above 6/8 MM Level little later on, there'll be an opportunity to have just another bullish impulse. The main target for wave [iii] is 8/8 MM Level.
Wave [ii] is taking the form of a zigzag. If a pullback from 3/8 MM Level happens in the short term, bulls are likely going to deliver an upward impulse in wave (i). So, we should keep an eye on 5/8 MM Level as an intraday target.
More:
https://fbs.com/analytics/articles/eur-usd-%5bii%5d-taking-form-of-zigzag-3657
USD/JPY: BULLISH "ENGULFING" PATTERN 11:10 12.09.2017
The price reached the 89 Moving Average, but there isn't any reversal pattern so far. In this case, bulls are likely going to reach the next "Window", which could be a departure point for a downward correction.
The last bullish "Engulfing" pattern pushed the price even higher. Also, there isn't any reversal pattern, cause all the last candles are bullish. So, the market is likely going to continue moving up in the short term.
More:
https://fbs.com/analytics/articles/usd-jpy-bullish-engulfing-pattern-3658
EUR/USD: BULLS GOING TO DELIVER CORRECTION 11:14 12.09.2017
We've got a bullish "Inverted Hammer", but this pattern remains unconfirmed. So, we could have the price a little bit lower in the short term. Anyway, bulls are likely going to deliver an upward correction afterwards.
The 55 Moving Average is acting as resistance, so there's a bearish "Doji", which has been confirmed enough. So, the lower "Window" is likely going to be tested during the day. If we have a pullback from this level, there'll be time for bullish correction.
More:
https://fbs.com/analytics/articles/eur-usd-bulls-going-to-deliver-correction-3659
US DOLLAR: A PULL BACK COMING SOON? 01:01 13.09.2017
US Dollar Index has been following to the bears against a basket of major currencies and it’s approaching to the 200 SMA at H1 chart, nearing to the Fibonacci level of 50% (92.14). If the index manages to break above that area, we can expect an acceleration to test September 1st highs at 92.80, at which is located the Fibo level of 78.6%.
However, if we see a pull back at the current stage, the index could plummet towards the -23.6% level at 90.42. RSI indicator remains in the positive territory.
More:
https://fbs.com/analytics/articles/us-dollar-a-pull-back-coming-soon-3676
EUR/USD: 3/8 MM LEVEL ACTED AS SUPPORT 07:24 13.09.2017
Wave [ii] may have been ended, cause there's a pullback from 6/8 MM Level. So, there's an opportunity to have wave [iii]. In this case, we should keep an eye on 8/8 MM Level as the next bullish target.
There's a possible zigzag in wave [ii]. 3/8 MM Level has acted as support, so the price is rising. Therefore, wave (i) of [iii] is likely going to move on towards 6/8 MM Level.
More:
https://fbs.com/analytics/articles/eur-usd-3-8-mm-level-acted-as-support-3682
EUR/USD: EURO IS SUPPORTED BY CLOUD 07:38 13.09.2017
Technical levels: support – 1.1950, 1.1900; resistance – 1.2030, 1.2075.
Trade recommendations:
Buy — 1.1980/90; SL — 1.1960; TP1 — 1.2030; TP2 – 1.2075.
Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Kijun-sen; the prices are on the support of the Cloud.
More:
https://fbs.com/analytics/articles/eur-usd-euro-is-supported-by-cloud-3684
USD/JPY: DOLLAR IS OVERBOUGHT 07:39 13.09.2017
Technical levels: support – 109.60, 109.10; resistance – 110.40.
Trade recommendations:
Sell — 109. 90; SL — 110.10; TP1 — 109.10; TP2 — 108.90.
Reason: narrowing bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen; Dollar is going to positive area, but the market is overbought now.
More:
https://fbs.com/analytics/articles/usd-jpy-dollar-is-overbought-3685
EUR/USD: "V-BOTTOM" PATTERN 07:54 13.09.2017
The main trend is still bullish. The 34 Moving Average has acted as support, so we've got a "V-Bottom" pattern on this line. Therefore, the market is likely going to reach the nearest resistance at 1.2042 - 1.2069 in the short term. If a pullback from this area happens, we could have a decline towards the next support at 1.1909.
Bears faced with support at 1.1907, so we've got a "V-Bottom" pattern, which led to the current consolidation. In this case, the pair is likely going to achieve the closest resistance at 1.2028 - 1.2042 during the day. Meanwhile, if we have a pullback from these levels, there'll be an opportunity to have a downward price movement towards another support at 1.1941 - 1.1934.
More:
https://fbs.com/analytics/articles/eur-usd-v-bottom-pattern-3686
GBP/USD: MARKET GOING TO CLIMB EVEN HIGHER 07:56 13.09.2017
The last "Flag" pattern has been broken, so the price is rising. The main intraday target is the nearest resistance at 1.3345 - 1.3374. If a pullback from this area happens little later on, bears will try to test the closest support at 1.3277 - 1.3249.
The price is consolidating, but the market is likely going to climb even higher. Therefore, we should keep an eye on the next resistance at 1.3345 - 1.3374 as an intraday target, which could be a departure point for a bearish correction.
More:
https://fbs.com/analytics/articles/gbp-usd-market-going-to-climb-even-higher-3687
USD/CHF: FRANC GOT INTO DRAGON’S LAIR 08:42 13.09.2017
Recommendation:
BUY 0.9615 SL 0.956
TP1 0.9695 TP2 0.978 TP3 0.986
On the daily chart, USD/CHF formed a powerful reversal pattern “Triple bottom”. As a result, risks of a “Dragon” pattern increased, although bulls firstly need to get above resistance at 0.9615 and 0.9650.
On H1, USD/CHF keeps forming the “Dragon” pattern. Bullish movement will face at least one pullback (“Head of the Dragon”), although the pair may have already chosen its direction. As a result, buying on breakthroughs is the main strategy.
More:
https://fbs.com/analytics/articles/usd-chf-franc-got-into-dragon%E2%80%99s-lair-3689
GBP/USD: INDIANS ON THE HORIZON 08:52 13.09.2017
Recommendation:
SELL 1.34
SL 1.3455
TP1 1.3265 TP2 1.321
On the daily chart, GBP/USD keeps forming an AB=CD pattern. Its 127.2% target is near the line of “Three Indians”. This increases the risks of correction if bulls show weakness and fail to overcome important resistance at 1.3400.
On H1, a break above the level of 88.6% of the wave CD of the 5-0 pattern allowed bulls to resume the uptrend. The pair is currently forming “Spike and reversal with acceleration” and AB=CD.
More:
https://fbs.com/analytics/articles/gbp-usd-indians-on-the-horizon-3691
USD/JPY: "EVENING STAR" THE UPPER "WINDOW" 11:42 13.09.2017
The price reached the 144 Moving Average, so there's a bearish "Doji", which hasn't been confirmed enough. Therefore, we could have a local upward correction in the short term, but bears are likely going to deliver another decline afterwards.
We've got a bearish "Evening Star" on the upper "Window". Considering confirmation of this pattern, the pair is likely going to achieve the Moving Averages during the day.
More:
https://fbs.com/analytics/articles/usd-jpy-evening-star-the-upper-window-3694
EUR/USD: BEARISH "TWEEZERS" 11:43 13.09.2017
We've got an "Engulfing" and a "Belt hold" patterns on the 34 Moving Average. In this case, the market is likely going to test the nearest support once again. If a pullback from this level happens, we could have a bullish price movement towards the nearest "Window".
The price is consolidating near the Moving Averages. At the same time, we've got a bearish "Tweezers", but this pattern remains unconfirmed. So, the lower "Window" is going to act as support for the second time.
More:
https://fbs.com/analytics/articles/eur-usd-bearish-tweezers-3695
GBP/USD: POUND IS ON KIJUN’S SUPPORT 08:09 14.09.2017
Technical levels: support – 1.3180; resistance – 1.3280.
Trade recommendations:
Buy — 1.3200; SL — 1.3180; TP1 — 1.3280; TP2 — 1.3350.
Reason: expanding bullish Ichimoku Cloud, rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with the rising lines; the prices are on the support of Kijun-sen.
More:
https://fbs.com/analytics/articles/gbp-usd-pound-is-on-kijun%E2%80%99s-support-3722
AUD/USD: AUSSIE ENTERED INTO CLOUD 08:10 14.09.2017
Technical levels: support – 0.7965; resistance – 0.8040, 0.8070.
Trade recommendations:
Buy — 0.7990; SL — 0.7970; TP1 — 0.8040; TP3 — 0.8070.
Reason: narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, falling Kijun-sen; the prices are entered into the Cloud, nut found a support of Senkou Span B.
More:
https://fbs.com/analytics/articles/aud-usd-aussie-entered-into-cloud-3723
EUR/JPY: BULLS ARE TAMING A DRAGON 08:46 14.09.2017
Recommendations:
BUY 130.9
SL 130.35
TP1 132 TP2 133.9
BUY 130.65
SL 130.1
TP1 132 TP2 133.9
On the daily chart, the attempt of bulls to settle above 132 failed. To start correction, bears need to conquer diagonal support in the form of the lower border of an uptrend. The lack of progress in this will return the initiative to buyers.
On H1, EUR/JPY finishes forming “Dragon” pattern. Pullbacks toward support at the “Coil of the Dragon’s Tail” and the following rebounds will allow forming long positions
More:
https://fbs.com/analytics/articles/eur-jpy-bulls-are-taming-a-dragon-3724
USD/JPY: BULLS GRAB THE BIGGEST PIECE OF THE PIE 09:01 14.09.2017
Recommendation:
BUY 109.9
SL 109.35
TP 111.65
BUY 109.4
SL 109.95
TP1 110.9 TP2 111.65
On the daily chart, bulls showed their strength as they managed to lead the pair outside of the long-term descending trend channel. Before that, the pair returned inside the medium-term uptrend channel. If buyers manage to keep the USD above 110.52, the odds of continuation towards 88.6% target of the Shark pattern will significantly increase.
On H1, USD/JPY formed a “Widening wedge” pattern. Pullbacks towards 23.6%, 38.2%, and 50% are usually used for opening longs.
More:
https://fbs.com/analytics/articles/usd-jpy-bulls-grab-the-biggest-piece-of-the-pie-3726
EUR/USD: BROKEN "PENNANT"
09:17 14.09.2017
The pair faced support at 1.1864, so the market is likely going to test the nearest resistance area at 1.1909 - 1.1925 in the short term. However, if a pullback from this area happens, we could have another decline in the direction of the next support at 1.1850 - 1.1822.
Bears found support at 1.1874 - 1.1864, so the price is rising. The main intraday target is the closest resistance at 1.1907 - 1.1925. Meanwhile, if we have a pullback from these levels, bears will probably try to reach the nearest support at 1.1851 - 1.1822.
More:
https://fbs.com/analytics/articles/eur-usd-broken-pennant-3727
GBP/USD: 55 MA ACTED AS SUPPORT 09:23 14.09.2017
We've got a "V-Top" pattern, which pushed the price to support at 1.3190. Therefore, the market is likely going to reach the nearest resistance at 1.3129 - 1.3249. If a pullback from this area happens, there'll be an opportunity to have a decline towards the next support at 1.3190 - 1.3159.
The 55 Moving Average has acted as support, so the price is consolidating. In this case, bulls are likely going to test the closest resistance at 1.3227 - 1.3249. However, if we see a pullback from this area, bears will probably try to achieve another support at 1.3186 - 1.3159.
More:
https://fbs.com/analytics/articles/gbp-usd-55-ma-acted-as-support-3729
USD/JPY: "WINDOW" ACTING AS SUPPORT 10:54 14.09.2017
The last "Window" has been broken, but the price is consolidating. Also, we've got bearish patterns such a "Harami" and a "Doji", but both of them haven't been confirmed enough. So, the 144 Moving Average is likely going to act as support.
We've got a bearish "Engulfing" at the last high, but this pattern hasn't been confirmed, cause the lower "Window" is acting as support. So, the price is likely going to test the nearest support level, which could be a departure point for another bullish rally.
More:
https://fbs.com/analytics/articles/usd-jpy-window-acting-as-support-3734
EUR/USD: "HAMMER" ON THE LOWER "WINDOW" 11:01 14.09.2017
We've got a bullish "Tower", which has been confirmed. So, the market is likely going to test the nearest resistance. If a pullback from this level happens, we could have just another decline.
There's a bullish "Hammer" on the lower "Window". Considering confirmation of this pattern, the price is likely going to test the Moving Averages in the short term.
More:
https://fbs.com/analytics/articles/eur-usd--hammer-on-the-lower-window-3735
EUR/USD: WAVE 4 TURNED OUT TO BE BIGGER 11:20 14.09.2017
We've got a new local low, so wave 4 turned out to be bigger. Previously, an ending diagonal pattern has been formed in wave [v] of 3. So, there's an opportunity to have just another bullish impulse in wave 5. The main intraday target is 8/8 MM Level.
1/8 MM Level has acted as support, so wave 4 may have been formed like a zigzag. In this case, bulls are likely going to deliver an upward impulse in wave [i]. If a pullback from 4/8 MM Level happens a little later on, we could have a local bearish correction.
More:
https://fbs.com/analytics/articles/eur-usd--wave-4-turned-out-to-be-bigger-3736
EUR/USD: BULLS WANT TO ATTACK 08:07 15.09.2017
Recommendation:
BUY 1.1825 SL 1.177 TP1 1.1925 TP2 1.206
BUY 1.1925 SL 1.187 TP1 1.206 TP2 1.2155
On the daily chart, EUR/USD reached targets of “Three Indians”. If bulls fail to keep the pair above 1.1910, the odds of decline towards the lower border of the long-term uptrend channel and 88.6% target of the “Shark” pattern will increase.
On H1, a break below support at 1.1825 will create a ground for reaching 88.6% target of the “Shark” pattern. On the other hand, successful test of resistance at 1.1925 and the quote’s leaving the uptrend channel will be a signal of the new bullish attack.
More:
https://fbs.com/analytics/articles/eur-usd-bulls-want-to-attack-3748
EUR/GBP: BEARS ORGANIZED A REVERSAL 08:20 15.09.2017
Recommendation:
BUY 0.899
SL 0.8935
TP 0.907 TP2 0.92 TP3 0.93
On the daily chart, EUR/GBP formed “Spike and reversal with acceleration” pattern. A break of trendlines allowed bears to develop a correction towards 0.8765-0.8810. In that area, there’s a target of the “Shark” pattern and 50% level of the last long-term bullish wave.
On H1, EUR/GBP reached 261.8% target of AB=CD, that increases the risks of a pullback. At the same time, resistance at 0.8980-0.8985 looks very serious. Only in case of its successful test, bulls will get hope for the resumption of the long-term uptrend.
More:
https://fbs.com/analytics/articles/eur-gbp-bears-organized-a-reversal-3750
EUR/USD: ON SSB’S SUPPORT 08:23 15.09.2017
Technical levels: support – 1.1880; resistance – 1.1970, 1.2000.
Trade recommendations:
Buy — 1.1920; SL — 1.1900; TP1 — 1.1970; TP2 – 1.200.
Reason: narrow bullish Ichimoku Cloud with rising Senkou Span B; a dead cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices are found the support of Senkou Span B and the Bulls may go to upper bounds of the Cloud.
More:
https://fbs.com/analytics/articles/eur-usd-on-ssb%E2%80%99s-support-3751
AUD/USD: AUSSIE CONTINUED CONSOLIDATION IN CLOUD 08:24 15.09.2017
Technical levels: support – 0.7965, 0.7985; resistance – 0.8040, 0.8070.
Trade recommendations:
Buy — 0.8000; SL — 0.7980; TP1 — 0.8040; TP3 — 0.8070.
Reason: narrowing bullish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the market supported by Senkou Span B.
More:
https://fbs.com/analytics/articles/aud-usd-aussie-continued-consolidation-in-cloud-3753
EUR/USD: "THORN" PATTERN 10:32 15.09.2017
The 89 Moving Average has acted as support, so we've got a "Thorn" pattern on this line. Therefore, the price is consolidating between the 34 & 55 Moving Averages. So, the market is likely going to continue moving up towards the next resistance at 1.1975 - 1.2003. If a pullback from this area happens, we could have a decline in the direction of the nearest support at 1.1909 - 1.1892.
Bears faced with support at 1.1850, so there's a "Thorn" pattern, which pushed the price to resistance at 1.1925. In this case, the market is likely going to reach another resistance at 1.1975 - 1.2003 during the day. However, if we have a pullback from these levels, bears will probably try to catch the closest support at 1.1907 - 1.1892.
More:
https://fbs.com/analytics/articles/eur-usd-thorn-pattern-3759
GBP/USD: BROKEN "FLAG" 10:35 15.09.2017
The last "Double Bottom" led to the massive bullish rally, but bulls faced with resistance at 1.3444. Nevertheless, the price is likely going to continue moving up towards the next resistance at 1.3479, which could be a departure point for a bearish correction.
The last "Flag" pattern has been broken, so the price is rising. The main bullish target is the closest resistance at 1.3444 - 1.3479. If a pullback from this area happens little later on, there'll be an opportunity to have a downward correction.
More:
https://fbs.com/analytics/articles/gbp-usd-broken-flag-3760
EUR/USD: BULLISH "HAMMER" ON 89 MA 11:14 15.09.2017
We've got a bullish "Hammer" on the 89 Moving Average, but the price faced with the nearest resistance. So, the market is likely going to test the 89 Moving Average, which could be a departure point for another upward price movement.
The last "Window" has been broken, so the pair is likely going to achieve the nearest resistance area. If any bearish pattern arrives little later on, there'll be an opportunity to have just another bearish price movement.
More:
https://fbs.com/analytics/articles/eur-usd-bullish-hammer-on-89-ma-3761
USD/JPY: BULLS WENT THROUGH THE "WINDOW" 11:16 15.09.2017
The 55 Moving Average has acted as support once again, so there's a "Hammer" on this line. Considering confirmation of this pattern, the market is likely going to continue moving up towards the next "Window".
Bulls went through the "Window" and there isn't any reversal pattern so far. However, we could have a local bearish correction during the day. Nevertheless, the price is likely going to climb even higher afterwards.
More:
https://fbs.com/analytics/articles/usd-jpy-bulls-went-through-the-window-3762
EUR/USD: 0/8 MM LEVEL HAS ACTED AS SUPPORT 11:33 15.09.2017
There's a pullback from 5/8 MM Level, so wave 4 may have been formed. In this case, we could have another bullish impulse in wave 5. The main intraday target is 8/8 MM Level.
0/8 MM Level has acted as support, so the price is rising. It seems like we're going to have an upward impulse in wave [i] in the coming hours. If a pullback from 5/8 MM Level arrives little later on, there'll be an opportunity to have a local bearish correction.
More:
https://fbs.com/analytics/articles/eur-usd-0-8-mm-level-has-acted-as-support-3765
NZD/USD: KIWI IS RESUMING TREND 07:17 18.09.2017
Recommendation:
BUY 0.7305
SL 0.725
TP1 0.745 TP2 0.7505
On the daily chart, NZD/USD is forming 5-0 senior pattern and the junior “Bat” pattern. Triggering of the latter will increase the risks of continuation towards 88.6%.
On H1, NZD/USD reached targets of the “Widening wedge”. The level of 88.6% of the wave 4-5 (previous buying point) is acting as support. There’s 23.6% level of the wave CD of the inverted “Shark” pattern. Inability of bears to lower the pair below this important support will be a reason for long positions.
More:
https://fbs.com/analytics/articles/nzd-usd-kiwi-is-resuming-trend-3778
AUD/USD IS SETTING A TRAP 07:41 18.09.2017
Recommendation:
SELL 0.8055
SL 0.811
TP1 0.802 TP2 0.8005
On the daily chart, bulls managed to defend support in the form of the upper border of the triangle and lower border of the uptrend medium-term channel. This increases the chance that the bullish trend will resume towards 200% target of AB=CD.
On H1, AUD/USD has many chances to reach the targets of the “Shark” pattern. When it gets to 113% target, there may be selling, however, with moderate targets. When the pair reaches these targets, bulls will likely regain the initiative.
More:
https://fbs.com/analytics/articles/aud-usd-is-setting-a-trap-3779
EUR/USD: "V-BOTTOM" PATTERN 09:00 18.09.2017
Bulls faced with resistance at 1.1994, so we've got a "V-Bottom" pattern, which pushed the price to the 34 Moving Average. Therefore, the market is likely going to decline towards the nearest support area at 1.1909 - 1.1892. If we have a pullback from these levels, bulls will probably try to test the closest resistance at 1.2029 - 1.2042.
The price is consolidating under resistance at 1.1949. So, the pair is likely going to reach the next support at 1.1907 - 1.1892 in the short term. Meanwhile, if a pullback from this area arrives little later on, there'll be an opportunity to have an upward price movement in the direction of the nearest resistance at 1.1975 - 1.2003.
More:
https://fbs.com/analytics/articles/eur-usd-v-bottom-pattern-3786
GBP/USD: BULLISH "FLAG" 09:02 18.09.2017
The price faced with resistance at 1.3653, so there's a consolidation. In this case, bulls are likely going to reach the closest resistance at 1.3652 - 1.3681 soon. However, if a pullback from this area happens, we could have a decline towards the next support at 1.3533.
There's a consolidation, which is taking place on the one hour chart. Also, we've got a bullish "Flag", so the pair is likely going to test the nearest support at 1.3532 during the day. If a pullback from this level happens, there'll be an option to have an upward price movement towards another resistance at 1.3652 - 1.3681.
More:
https://fbs.com/analytics/articles/gbp-usd-bullish-flag-3787
EUR/USD: BROKEN "WINDOW" 11:11 18.09.2017
We've got a "Tweezers" and a "Harami", but confirmation of both patterns is quite weak. So, we could have a local upward price movement and a decline towards the Moving Averages afterwards.
The last "Window" has been broken. Also, there isn't any reversal pattern so far, which means the price is likely going to continue moving up. If any bearish pattern arrives later on, there'll be an opportunity to have another decline.
More:
https://fbs.com/analytics/articles/eur-usd-broken-window-3793
USD/JPY: BULLISH "HAMMER" 11:13 18.09.2017
We've got a bullish "Hammer", which has been confirmed. So, just after the local correction, the market is likely going to continue rising towards the nearest resistance area.
There are bearish patterns such a "Tweezers" and an "Engulfing", but both of them haven't been confirmed yet. In this case, the pair is likely going to test the 34 Moving Average in the short term. If a pullback from this line happens, we could have another bullish rally.
More:
https://fbs.com/analytics/articles/usd-jpy-bullish-hammer-3794
EUR/USD: 0/8 MM LEVEL ACTED AS SUPPORT 12:37 18.09.2017
We've got a pullback from 5/8 MM Level, so wave 4 has been finished. In this case, we could have another bullish impulse in wave 5 in the short term. The main intraday target is 8/8 MM Level.
0/8 MM Level acted as support, so there's an upward impulse in wave [i]. The price couldn't fixate below 3/8 MM Level, so wave [ii] may have been formed. Therefore, bulls are likely going to deliver wave [iii] in the coming hours.
More:
https://fbs.com/analytics/articles/eur-usd-0-8-mm-level-acted-as-support-3796
EUR/USD: BULLS GOING TO DELIVER REST OF WAVE 5 05:14 19.09.2017
The price has been rising since a pullback from 5/8 MM Level happened. If the pair fixates above 6/8 MM Level, bulls are likely going to deliver the rest of wave 5. In this case, we should keep an eye on 8/8 MM Level as the next target.
3/8 MM Level has acted as support, so the price is rising. It seems like we're going to have an extension in wave [iii] of 5. In this case, wave (iii) is going to move on towards 8/8 MM Level in the short term.
More:
https://fbs.com/analytics/articles/eur-usd-bulls-going-to-deliver-rest-of-wave-5-3810
USD/CAD: BULLS DECIDED TO COUNTERATTACK 07:32 19.09.2017
Recommendation:
SELL 1.242
SL 1.2475
TP1 1.232 TP2 1.2185
On the daily chart, USD/CAD pulled back after reaching the 200% target of AB=CD. If bulls manage to get to resistance at 1.2310, the road to the upper border of the uptrend channel will be open.
On H1, USD/CAD is forming “Spike with reversal and acceleration”. Without a break of the trendline in the area of 1.2150, resumption of the downtrend is not possible. The inability of bulls to overcome resistance at 1.2340 and 1.2420 will point at their weakness.
More:
https://fbs.com/analytics/articles/usd-cad-bulls-decided-to-counterattack-3814
EUR/USD: BULLS RETURNED INTO MARKET 08:17 19.09.2017
Technical levels: support – 1.1960; resistance – 1.2000, 1.2090.
Trade recommendations:
Buy — 1.1960; SL — 1.1940; TP1 — 1.2000; TP2 – 1.2090.
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 breaking out the upper bound of the Cloud and may going higher.
More:
https://fbs.com/analytics/articles/eur-usd-bulls-returned-into-market-3817
GBP/USD: POUND IS OVERBOUGHT 08:18 19.09.2017
Technical levels: support – 1.3400; resistance – 1. 3575.
Trade recommendations:
Sell — 1.3575; SL — 1.3595; TP1 — 1.3500; TP2 — 1.3475.
Reason: expanding bullish Ichimoku Cloud, rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with the rising Tenkan-sen; but the market is overbought – waiting for the correction.
More:
https://fbs.com/analytics/articles/gbp-usd-pound-is-overbought-3818
XAU/USD: BEARS WANT MORE 07:20 19.09.2017
Recommendation:
SELL $1302
SL $1317
TP1 $1379 TP2 $1268
On the daily chart, bears managed to pull the pair below $1320.4-1321.6 an ounce. A break of the lower border of the uptrend channel will strengthen the risks of a pullback towards $1279 and $1268. On the other hand, recoil from support at $1302 will create grounds for consolidation in the $1300-1350 area.
On H1, XAU/USD has reached the targets of “Spike and reversal with acceleration”. Correction towards targets at 88.6% and 113% of the Shark pattern continues.
More:
https://fbs.com/analytics/articles/xau-usd-bears-want-more-3813
EUR/USD: "PENNANT" LED TO BULLISH RALLY 09:53 19.09.2017
The 34 Moving Average has acted as support, so the price is rising. So, we should keep an eye on the next resistance at 1.2029 - 1.2042 as an intraday target. If a pullback from this area arrives little later on, there'll be an opportunity to have a bearish correction.
The last "Pennant" pattern led to another bullish rally, so the pair is likely going to reach the nearest resistance at 1.2029 - 1.2042. However, if we see a pullback from these levels, bears will try to test the closest support at 1.1941 - 1.1934 shortly.
More:
https://fbs.com/analytics/articles/eur-usd-pennant-led-to-bullish-rally-3822
GBP/USD: BEARISH "DOUBLE TOP" 09:56 19.09.2017
We've got a bearish "Double Top", which has been confirmed, so the price reached the nearest support at 1.3497. Nevertheless, the market is likely going to test the next support at 1.3444 - 1.3374 in the coming hours. If a pullback from this area happens, we could have just another upward price movement.
The 34 Moving Average has acted as support, so there's a local bullish price movement, which could turn out to be a "Flag" pattern. If so, there'll be an opportunity to have a decline towards the 55 MA.
More:
https://fbs.com/analytics/articles/gbp-usd-bearish-double-top-3823
EUR/USD: 89 MA ACTED AS SUPPORT 14:15 19.09.2017
The 89 Moving Average has acted as support, so we've got a "Shooting Star", but this pattern remains unconfirmed. So, the price is likely going to continue moving up towards the next "Window".
We've got a "High Wave", which has been confirmed. In this case, we're likely going to have a local decline towards the 34 Moving Average, which could be a departure point for another upward price movement.
More:
https://fbs.com/analytics/articles/eur-usd-89-ma-acted-as-support-3831
USD/JPY: "TWEEZERS" AND "HARAMI" 14:17 19.09.2017
The last bearish "Shooting Star" hasn't been confirmed yet. So, we could have a local decline in the short term and another bullish price movement afterwards.
We've got bearish patterns such a "Tweezers" and a "Harami", which both have confirmation. Therefore, the market is likely going to test the 34 Moving Average in the short term. If a pullback from this line happens, we could have just another upward price movement.
More:
https://fbs.com/analytics/articles/usd-jpy-tweezers-and-harami-3832
USD/CHF: BULLS ARE STUBBORN 05:28 20.09.2017
Recommendation:
BUY 0.965
SL 0.9495
TP1 0.9745 TP2 0.9785
On the daily chart, bulls are still hoping to form a “Dragon” pattern. The first step will be the pair’s exit out of the short-term consolidation range between 0.9575 and 0.9650. The second step will be a successful attack on diagonal resistance. Only if these 2 conditions are met, USD/CHF will get a chance to rise to 0.9785 and higher.
On H1, USD/CHF is forming the “Dragon’s head”. To complete it, it needs to overcome resistance at 0.9650. In this case, the activation of AB=CD with the target at 161.8% will become more likely.
More:
https://fbs.com/analytics/articles/usd-chf-bulls-are-stubborn-3843
GBP/USD: BULLS MADE A STOP 05:35 20.09.2017
Recommendation:
BUY 1.357 SL 1.3515
TP 1.367, SELL 1.3465
SL 1.352 TP1 1.34 TP2 1.3325
On the daily chart, GBP/USD formed an inside bar. It points at the indecisiveness of market players. A break of the inside bar’s low together with the formation of “Three Indians” pattern will strengthen the risks of a pullback towards 1.34, 1.33 and 1.3265.
On H1, GBP/USD is consolidating in the 1.3465-1.3570 area in line with “Spike and ledge” pattern. A successful test of its upper border will open the way to the north. On the other hand, a break of support at 1.3465 will increase the risks of correction to 1.3400-1.3420 and 1.3300-1.3325.
More:
https://fbs.com/analytics/articles/gbp-usd-bulls-made-a-stop-3844
EUR/USD: "DOUBLE TOP" PATTERN 10:47 20.09.2017
Bulls faced with resistance at 1.2029, so the price is likely going to decline towards the nearest support area at 1.2003 - 1.1975 in the short term. If a pullback from this area happens, there'll be an opportunity to have an upward price movement towards the next resistance at 1.2042 - 1.2059.
We've got a "Double Top" pattern, which has been confirmed. So, bears are likely going to test the closest support at 1.1975. However, if we have a pullback from this level, bulls will try to reach another resistance at 1.2029 - 1.2042.
More:
https://fbs.com/analytics/articles/eur-usd-double-top-pattern-3854
GBP/USD: DEVELOPING "PENNANT" PATTERN 10:49 20.09.2017
There's a "Double Top", which has been confirmed, so the price is consolidating. The main intraday target is the nearest support at 1.3444. If we have a pullback from this level, there'll be an option to have a bullish price movement towards the closest resistance at 1.3652 - 1.3681.
The price is consolidating between the levels 1.3479 - 1.3532. Also, there's a developing "Pennant" pattern. In this case, bears are likely going to achieve the 55 Moving Average, which could be a departure point for another bullish rally.
More:
https://fbs.com/analytics/articles/gbp-usd-developing-pennant-pattern-3855
USD/JPY: BEARS GOING TO TEST NEAREST "WINDOW" 12:23 20.09.2017
There are a "Shooting Star" and a "Harami" patterns, which both have been confirmed enough. In this case, bears are likely going to test the nearest "Window", which could be a departure point for another upward price movement.
The price reached the 34 Moving Average, so there's an opportunity to have a local bullish correction. However, bears are likely going to test the 89 MA afterwards, which could act as support.
More:
https://fbs.com/analytics/articles/usd-jpy--bears-going-to-test-nearest-window-3857
EUR/USD: POSSIBLE WEDGE IN WAVE [I] 13:18 20.09.2017
We've got a pullback from 5/8 MM Level, so wave 4 has been ended. The price is rising, so we could have a bullish impulse in wave 5. The main intraday target is 8/8 MM Level.
There's a possible wedge, which could be wave [i], so bears are likely going to deliver wave [ii] during the day. If a pullback from 4/8 MM Level happens little later on, there'll be an opportunity to have wave [iii] of 5.
More:
https://fbs.com/analytics/articles/eur-usd-possible-wedge-in-wave-i-3859
EUR/USD: BEARISH "SHOOTING STAR" 12:21 20.09.2017
There's a reversal "Doji" pattern, which hasn't been confirmed yet. Therefore, the market is likely going to test the 34 Moving Average in the short term. If a pullback from this line happens, we could have another upward price movement.
We've got a bearish "Shooting Star", but confirmation of this pattern is quite weak. So, we should keep an eye on 55 Moving Average as an intraday target. If this MA acts as support, bulls are likely going to deliver a new local high.
More:
https://fbs.com/analytics/articles/eur-usd-bearish-shooting-star-3856
EUR/USD: DEVELOPING DOUBLE ZIGZAG 07:07 21.09.2017
Wave 4 turned out to be bigger, so 5/8 MM Level is likely going to be tested once again. If a pullback from this level arrives later on, there'll be an opportunity to have wave 5. In this case, we should keep an eye on 8/8 MM Level as an intraday target.
It seems like wave 4 is taking the form of a double zigzag. The last decline could be wave (a) of [y], so bulls are likely going to deliver wave (b) during the day. Nevertheless, we could have another bearish impulse in wave (c) of [y] of 4 afterwards.
More:
https://fbs.com/analytics/articles/eur-usd-developing-double-zigzag-3879
EUR/JPY: BULLS FULFILLED THEIR MISSION 07:43 21.09.2017
Recommendation:
SELL 133.25
SL 133.8
TP 132.3
On H1, EUR/JPY reached 161.8% target of the junior and senior AB=CD patterns. This increases the risks of a pullback to the uptrend. Never the less, as long as the pair’s inside the uptrend channel, bulls remain in control of the situation.
On H1, EUR/JPY is forming a “widening wedge” pattern. Its end together with the break of support at 133.25 will open the way south towards 23.6% and 38.2% correction levels of the last bullish wave.
More:
https://fbs.com/analytics/articles/eur-jpy-bulls-fulfilled-their-mission-3881
USD/JPY: BULLS ARE BREAKING OBSTACLES 07:53 21.09.2017
Recommendations:
BUY 112.1 SL 111.55 TP1 113.3 TP2 113.85
BUY 111.85 SL 111.3 TP1 112.85 TP2 113.3
On the daily chart, USD/JPY keeps going north towards 88.6% target of the “Shark” pattern. Bulls showed their strength by managing to conquer resistance at 112.07. Currently it is acting as support.
On the daily chart, USD/JPY reached the targets of the “Widening wedge”. The pair is trading within the uptrend channel. This means that bulls are in control of the pair. Pullbacks towards 112.10 and 111.85 can be used for forming long positions.
More:
https://fbs.com/analytics/articles/usd-jpy-bulls-are-breaking-obstacles-3882
Forum Jump
LandOfCash Forex Forum
Announcements
- Announcements
Forex Talks
- General Forex Discussion
- Expert Advisors & Automated Trading
- Indicators & Signals
- Brokers, Trading Platforms, Forex Tools
LandOfCash Discussion & Support
- Support and Pre-Purchase Questions
- Suggestions, Feature Requests and Comments
Other
- Commercial Promotions and Advertisements
- Chat about anything
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
Important Information:
The LandOfCash Forex Forum uses cookies. By continuing to browse this site, you are agreeing to our use of cookies.
More Details
