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EUR/USD: BEARISH "PENNANT" 09:37 21.09.2017
We've got a "Triple Top", so the market has plunged. In this case, we should keep an eye on the next support at 1.1837 - 1.1822 as an intraday target. If a pullback from this area happens, we could have an upward correction in the direction of the 89 Moving Average.
We've got a "Pennant", so the pair is likely going to test the closest resistance at 1.1907 during the day. However, if we have a pullback from this area, there'll be an opportunity to have another decline towards the next support at 1.1975 - 1.1822.
More:
https://fbs.com/analytics/articles/eur-usd-bearish-pennant-3886
GBP/USD: 55 MA ACTED AS SUPPORT 09:40 21.09.2017
There's a "Double Top", but the price is consolidating. It's likely that bears are going to reach the nearest support at 1.3374. Meanwhile, if we have a pullback from this level, bulls will probably try to reach the closest resistance afterwards.
The 55 Moving Average has acted as support, so the price is consolidating. Also, we've got a developing bearish "Flag" pattern. In this case, bulls are likely going to test the nearest resistance at 1.3532 - 1.3550. If a pullback from these levels arrives later on, there'll be an opportunity to have a bearish price movement towards the 89 Moving Average.
More:
https://fbs.com/analytics/articles/gbp-usd-55-ma-acted-as-support-3887
EUR/USD: BULLISH "HIGH WAVE" 11:20 21.09.2017
The 89 Moving Average has acted as support, so we've got a "High Wave" pattern, which was confirmed. So, we could have an upward correction and a decline afterwards.
There's a bullish "High Wave", which has been confirmed. In this case, the market is likely going to test the nearest "Window". If a pullback from this level happens, bears will try to deliver a new local low.
More:
https://fbs.com/analytics/articles/eur-usd-bullish-high-wave-3894
USD/JPY: BEARISH "HARAMI" 11:24 21.09.2017
We've got a "Shooting Star", but this pattern hasn't been confirmed yet. So, we could have a local downward correction. If any bullish pattern arrives afterwards, there'll be an opportunity to have another upward price movement.
There's a bearish "Harami", which has been confirmed enough. However, we could have a local upward correction in the short term. Nevertheless, bears are likely going to test the 55 Moving Average later on.
More:
https://fbs.com/analytics/articles/usd-jpy-bearish-harami-3896
GBP/USD: POSITIVE SENTIMENTS RETURNED TO MARKET 06:30 22.09.2017
Technical levels: support – 1.3550; resistance – 1. 3650.
Trade recommendations:
Buy — 1.3550; SL — 1.3530; TP1 — 1.3650; TP2 — 1.3700.
Reason: expanding bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a cancelled golden cross of Tenkan-sen and Kijun-sen, the lines are horizontal; the Bulls are gaining the strength and returned the prices above Kijun-sen.
More:
https://fbs.com/analytics/articles/gbp-usd-positive-sentiments-returned-to-market-3908
USD/JPY: DOLLAR IS CORRECTED TO KIJUN-SEN 06:31 22.09.2017
Technical levels: support – 112.00; resistance – 112.70.
Trade recommendations:
Buy — 112.00; SL — 109.80; TP1 — 112.70; TP2 — 113.40.
Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; a cancelled golden cross of Tenkan-sen and Kijun-sen; the prices are returned to the support of Tenkan and Kijun and may go higher.
More:
https://fbs.com/analytics/articles/usd-jpy-dollar-is-corrected-to-kijun-sen-3909
EUR/USD: "V-BOTTOM" PUSHED PRICE HIGHER 07:05 22.09.2017
The main trend is still bullish, so we've got a "V-Bottom" pattern, which pushed the price higher. So, the market is likely going to continue rising towards the next resistance at 1.2021 - 1.2033. If a pullback from this area happens, we could have a decline towards the nearest support at 1.1925 - 1.1909.
We've got a "Triple Bottom", which has been confirmed, but bulls faced with resistance at 1.1968. In this case, the price is likely going to test the closest support at 1.1941 - 1.1934. However, if we have a pullback from these levels, bulls will try to achieve another resistance at 1.2021 - 1.2033.
More:
https://fbs.com/analytics/articles/eur-usd-v-bottom-pushed-price-higher-3910
GBP/USD: BULLISH "PENNANT" 07:07 22.09.2017
The price is consolidating between the levels 1.3652 - 1.3444. Tha main intraday target is the nearest resistance at 1.3625 - 1.3681. If a pullback from this area arrives little later on, there'll be an opportunity to have a decline in the direction of the closest support at 1.3533.
There's a bullish "Pennant", so the pair is likely going to reach the nearest resistance at 1.3625 -1 .3681. Meanwhile, if we see a pullback from these levels, bears will probably try to deliver a downward correction.
More:
https://fbs.com/analytics/articles/gbp-usd-bullish-pennant-3911
EUR/USD: DEVELOPING TRIANGLE IN WAVE 4 07:26 22.09.2017
There's a pullback from 7/8 MM Level, so we've got a developing triangle in wave 4. It's likely that the price is going to test the lower side of this pattern. If a pullback from this level happens, there'll be an opportunity to have an upward impulse in wave 5.
The price is consolidating between the 5/8 and 2/8 MM Levels. Wave [d] of 4 is about to end, so we could have wave [e] of 4 in the short term. If another pullback from 3/8 MM Level arrives later on, bulls will try to deliver wave [i].
More:
https://fbs.com/analytics/articles/eur-usd-developing-triangle-in-wave-4-3912
EUR/USD IS MAKING A CHOICE 07:38 22.09.2017
Recommendation:
SELL 1.1825 SL 1.188 TP 1.171
BUY 1.2025 SL 1.197 TP 1.2155
On the daily chart, EUR/USD broke below the diagonal support and left the uptrend channel. This increases the possibility of a “Shark” and “Head and Shoulders”. Their realization will lead to a pullback towards 1.1710. To resume the uptrend, bulls need to conquer resistance at 1.2030.
On H1, EUR/USD formed a “Widening wedge”. To trigger it, the pair needs a confident test of support at 1.1825-1.1840.
More:
https://fbs.com/analytics/articles/eur-usd-is-making-a-choice-3913
EUR/GBP: BULLS BEFRIEND A DRAGON 07:50 22.09.2017
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BUY 0.89
SL 0.8845
TP1 0.8985 TP2 0.904
On the daily chart, bulls are trying to catch hold of 0.8810 (50% of the last bullish wave). To counterattack in order to resume the uptrend, they need to conquer resistance at 0.8900. On the other hand, a break of support at 0.8775 will increase the risks of continuation of the decline.
On H1, a break of resistance at 0.8900 will create the potential for the realization of the “Dragon” pattern. However, for a start bulls have to defend current positions and form a “Double bottom”.
More:
https://fbs.com/analytics/articles/eur-gbp-bulls-befriend-a-dragon-3915
EUR/USD: PRICE GOING TO TEST 34 MA 09:50 22.09.2017
The 89 Moving Average has acted as support, so we've got a "High Wave" pattern, which pushed the price to the nearest resistance. In this case, the market is likely going to test the 34 MA, which could be a departure point for another upward price movement.
There's a "Shooting Star" at the local high, but this pattern hasn't been confirmed enough. Therefore, we're likely going to have a bearish correction towards the Moving Averages. If a pullback from these lines happens, bulls will probably try to reach the upper "Window".
More:
https://fbs.com/analytics/articles/eur-usd-price-going-to-test-34-ma-3921
USD/JPY: "WINDOW" ACTED AS RESISTANCE 09:52 22.09.2017
The upper "Window" has acted as resistance, so we've got a "Shooting Star" pattern, which has been confirmed. However, bulls are likely going to test the "Window" once again in the short term. If we have another pullback from this level, there'll be an opportunity to have a decline towards the Moving Averages.
The 55 Moving Average has acted as support, so we've got a bullish "Harami". Under this circumstance, the market is likely going to rise towards the last high during the day.
More:
https://fbs.com/analytics/articles/usd-jpy-window-acted-as-resistance-3922
EUR/USD: BULLS GOING TO DELIVER WAVE 5 05:19 25.09.2017
There's a possible triangle pattern in wave 4. So, if the price fixates above 6/8 MM Level, bulls are likely going to deliver wave 5. In this case, we should keep an eye on 8/8 MM Level as an intraday target.
2/8 MM Level acted as support, so the triangle may have been ended. Therefore, we're likely going to have an upward impulse in wave [i] in the coming hours. If another pullback from 5/8 MM Level arrives later on, there'll be an opportunity to have a local bearish correction.
More:
https://fbs.com/analytics/articles/eur-usd-bulls-going-to-deliver-wave-5-3941
GBP/USD: READY TO GO 06:36 25.09.2017
Technical levels: support – 1.3520; resistance – 1. 3600.
Trade recommendations:
Buy — 1.3540/50; SL — 1.3520; TP1 — 1.3650; TP2 — 1.3700.
Reason: bullish Ichimoku Cloud with rising Senkou Span B; a correctional dead cross of Tenkan-sen and Kijun-sen, the lines are horizontal; the market supported by the Cloud and ready to make the new highs.
More:
https://fbs.com/analytics/articles/gbp-usd-ready-to-go-3945
AUD/USD: GAME WILL CONTINUE UNDER CLOUD 06:37 25.09.2017
Technical levels: support – 0.7930; resistance – 0.8000, 0.8040.
Trade recommendations:
Sell — 0.7960; SL — 0.7980; TP1 — 0.7900; TP3 — 0.7870.
Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A; a new dead cross of Tenkan-sen and Kijun-sen; the prices are in the negative area and the bears will continue selling the Aussie.
More:
https://fbs.com/analytics/articles/aud-usd-game-will-continue-under-cloud-3946
NZD/USD: BEARS RETURN TO THE GAME 10:23 25.09.2017
Recommendation:
SELL 0.728 SL 0.7335
TP 0.719 TP2 0.7105
TP3 0.705
On the daily chart, the inability of bulls to push the pair above the resistance level at 0.7280 was a signal of their weakness. In case of a break of the lower border of the short-term trend channel, bears will have a chance to form an AB=CD pattern.
On H1, NZD/USD there are pattern “Head and Shoulders” and “Shark”. Further dynamics of the pair will depend on bulls’ ability to keep the pair above support at 0.7185-0.7205. If they fail, triggering of the “Widening wedge” pattern will allow bears to continue correction.
More:
https://fbs.com/analytics/articles/nzd-usd-bears-return-to-the-game-3951
AUD/USD: FIGHTING CONTINUES 10:48 25.09.2017
Recommendation:
SELL 0.795 SL 0.8005 TP1 0.7875 TP2 0.782
BUY 0.8055 SL 0.8 TP1 0.8155 TP2 0.824
On the daily chart, AUD/USD triggered Gartley pattern with a target at 78.6%. The necessary condition for its formation is the decline of the pair below support at 0.7937. On the other hand, if bulls manage to return the pair inside the bullish trend channel, a rally towards 161.8% of the AB=CD pattern will continue.
On H1, AUD/USD is forming a “Widening wedge” pattern. The decline of the pair below 0.7950 will be a signal for correction. Buying is possible from 78.6% and 88.6% of the wave 4-5.
More:
https://fbs.com/analytics/articles/aud-usd-fighting-continues-3953
EUR/USD: NEW "BREAKAWAY GAP" 13:19 25.09.2017
There's a "V-Top" pattern, so a new "Breakaway Gap" was formed this morning. The 89 Moving Average is acting as support, but bears are likely going to test the next support at 1.1837 - 1.1822. If a pullback from this area happens, we could have an upward price movement towards the closest resistance at 1.1909 - 1.1925.
The downward trend has been broken, so the price is still declining. The main bearish target is the nearest support at 1.1837 - 1.1822. If we have a pullback from this area, there'll be an opportunity to have an upward correction in the direction of the closest resistance at 1.1897 - 1.1909.
More:
https://fbs.com/analytics/articles/eur-usd-new-breakaway-gap-3955
GBP/USD: DEVELOPING "RECTANGLE" PATTERN 13:23 25.09.2017
The price is still consolidating between the levels 1.3652 - 1.3444. It seems like bears are going to test the next support at 1.3479 - 1.3444. However, if a pullback from this area happens later on, bulls will probably try to reach the nearest resistance at 1.3618 - 1.3625.
There's a possible developing "Rectangle" pattern, so the price is likely going to achieve the nearest support at 1.3444. Meanwhile, if we have a pullback from this level, we could have a bullish correction towards the closest resistance at 1.3618 - 1.3625.
More:
https://fbs.com/analytics/articles/gbp-usd-developing-rectangle-pattern-3956
EUR/USD: "WINDOW" REMAINS OPEN 13:51 25.09.2017
We've got a bearish "Harami", but the last "Window" remains open. So, the market is likely going to continue declining towards the nearest support. If any bullish pattern arrives later on, we could have an upward correction.
The price reached the "Window", but there isn't any reversal pattern so far. Therefore, we could have just a local upward correction and a decline afterwards
More:
https://fbs.com/analytics/articles/eur-usd-window-remains-open-3957
USD/JPY: "SHOOTING STAR" PATTERN 13:54 25.09.2017
The upper "Window" has acted as resistance once again, so we've got a "Shooting Star". In this case, the market is likely going to test the nearest "Window", which could act as support.
We've got a "Hammer", which has been formed on the 34 Moving Average. So, bulls are likely going to test the closest "Window", which could be a departure point for a decline.
More:
https://fbs.com/analytics/articles/usd-jpy-shooting-star-pattern-3958 v
EUR/USD: BEARS IN GAME 07:30 26.09.2017
Technical levels: support – 1.1800, 1.1725; resistance – 1.1875.
Trade recommendations:
Buy — 1.1800; SL — 1.1780; TP1 — 1.1850; TP2 – 1.1875.
Reason: bearish Ichimoku Cloud with falling Senkou Span A; a new dead cross of Tenkan-sen and Kijun-sen with falling lines; the prices are entered into the negative area, but there is a strong support on 1.1800 and the market is oversold.
More:
https://fbs.com/analytics/articles/eur-usd-bears-in-game-3972
USD/JPY: DOLLAR IS IN CORRECTION TO CLOUD 07:30 26.09.2017
Technical levels: support – 111.40, 111.10; resistance – 111.90, 112.20.
Trade recommendations:
Buy — 111.40; SL — 111.20; TP1 — 111.90; TP2 — 112.20.
Reason: bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with narrow channel Tenkan-Kijun; the prices are breaking down the Kijun’s support and in correction local trend to the Cloud.
More:
https://fbs.com/analytics/articles/usd-jpy-dollar-is-in-correction-to-cloud-3973
EUR/USD: BEARS FACED WITH SUPPORT 07:59 26.09.2017
The 89 Moving Average has been broken, so there's a new local low. In this case, the market is likely going to continue declining towards the nearest support at 1.1837 - 1.1822. If a pullback from this area happens, we could have an upward correction in the direction of the closest resistance at 1.1925 - 1.1952.
Bears faced with support at 1.1837, so the price is consolidating. Therefore, we should keep an eye on the nearest resistance at 1.1864 - 1.1874 as an intraday target. Meanwhile, if we have a pullback from these levels, bears will probably try to catch another support at 1.1837 - 1.1822.
More:
https://fbs.com/analytics/articles/eur-usd-bears-faced-with-support-3974
GBP/USD: BULLISH "WEDGE" PATTERN 08:01 26.09.2017
The price is consolidating between the levels. Also, there's a bullish "Wedge" pattern, so the pair is likely going to test the nearest support at 1.3444 - 1.3404. If a pullback from this target happens, there'll be an opportunity to have an upward price movement in the direction of the next resistance at 1.3625 - 1.3681.
The 89 Moving Average has acted as support, so we could have a local upward correction. However, if the 34 MA acts as resistance, bears are likely going to reach another support at 1.3404 afterwards.
More:
https://fbs.com/analytics/articles/gbp-usd-bullish-wedge-pattern-3976
EUR/USD: BEARISH "HARAMI" LED TO DECLINE 12:19 26.09.2017
The last bearish "Harami" led to a decline. Also, there's a "Three Methods" pattern, so the market is likely going to continue falling down towards the nearest support area in the short term.
There isn't any reversal pattern so far, but we could have a local upward correction. Anyway, bears are likely going to push the price even lower afterwards.
More:
https://fbs.com/analytics/articles/eur-usd-bearish-harami-led-to-decline-3979
USD/JPY: 89 MA ACTED AS SUPPORT 12:23 26.09.2017
There are a "Shooting Star" and a "Harami" patterns, which both have been confirmed. So, we should keep an eye on the 55 Moving Average as an intraday target.
The 89 Moving Average has acted as support, so we've got a bullish "High Wave" pattern on this line. In this case, the pair is likely going to test the 34 MA, which could be a departure point for another decline.
More:
https://fbs.com/analytics/articles/usd-jpy--89-ma-acted-as-support-3980
USD/CHF: FRANC HAS DRAWN A TRIANGLE 07:09 27.09.2017
Recommendation:
BUY 0.9745 SL 0.969
TP 0.9845, SELL 0.965
SL 0.9705 TP 0.9585
On the daily chart, USD/CHF keeps forming the “Dragon” pattern. Renewal of September high will allow to expect process growth towards the curl of the Dragon’s tail and the upper border of the descending trend channel.
On H1, USD/CHF formed a triangle. A successful test of its upper border and resistance at 0.9745 will increase the odds of the rally’s continuation. On the other hand, a break below the triangle’s lower border, the uptrend channel, and support at 0.9650 will trigger a correction.
More:
https://fbs.com/analytics/articles/usd-chf-franc-has-drawn-a-triangle-4004
GBP/USD: BEARS ENTERED INTO CLOUD 07:17 27.09.2017
Technical levels: support – 1.3310, 1.3255; resistance – 1. 3560.
Trade recommendations:
Buy — 1.3260; SL — 1.3240; TP1 — 1.3440; TP2 — 1.3560.
Reason: bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, with the falling lines; the market entered into the cloudy area and may go lower to the support of Senkou Span B.
More:
https://fbs.com/analytics/articles/gbp-usd-bears-entered-into-cloud-4005
AUD/USD: AUSSIE IS OVERSOLD 07:18 27.09.2017
Technical levels: support – 0.7830; resistance – 0.7900, 0.7940.
Trade recommendations:
Buy — 0.7830; SL — 0.7810; TP1 — 0.7900; TP3 — 0.7870.
Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen; the prices are in the oversold area; strong support on 0.7830.
More:
https://fbs.com/analytics/articles/aud-usd-aussie-is-oversold-4006
GBP/USD: POUND IS FLIRTING WITH INDIANS 07:23 27.09.2017
Recommendations:
SELL 1.34 SL 1.3455 TP 1.3325 TP2 1.322
BUY 1.356 SL 1.3505 TP1 1.356 TP2 1.375
On the daily chart, GBP/USD keeps forming “Three Indians” pattern. A successful test of support at 1.3400 will allow bears to develop correction. Never the less, pound is in the clear bullish trend, so targets of shorts should be moderate.
On H1, a repeated test of support at 1.34 will increase the odds of realization of 88.6% target of the “Shark” pattern. Return of the price to the middle of the 1.3465-1.3610 consolidation range will trigger “Shakeout-Fakeout” pattern and create grounds for resumption of the bullish trend.
More:
https://fbs.com/analytics/articles/gbp-usd-pound-is-flirting-with-indians-4007
EUR/USD: BROKEN "PENNANT" 08:32 27.09.2017
Bears went through support at 1.1772, so we should keep an eye on the next support at 1.1714 - 1.1688 as the next intraday target. If a pullback from this area happens, we could have an upward correction towards the nearest resistance at 1.1772 - 1.1793.
The last "Pennant" pattern has been broken, so the price is declining. The main target is the closest support area at 1.1714 - 1.1688, which could be a departure point for a bullish correction.
More:
https://fbs.com/analytics/articles/eur-usd-broken-pennant-4011
GBP/USD: BEARS GOING TO TEST ANOTHER SUPPORT 08:34 27.09.2017
The local uptrend has been broken, so the pair is likely going to decline in the direction of the next support at 1.3328 - 1.3278. However, if we have a pullback from these levels, there'll be an opportunity to have an upward correction towards the nearest resistance at 1.3444 - 1.3479.
The pair faced with resistance at 1.3374, so bears are likely going to test another support at 1.3328 - 1.3278 during the day. If we have a pullback from this area, bulls will probably try to test the closest resistance at 1.3404.
More:
https://fbs.com/analytics/articles/gbp-usd-bears-going-to-test-another-support-4012
EUR/USD: BEARISH "THREE METHODS" 12:45 27.09.2017
We've got a bearish "Three Methods" pattern, so the price is declining. There isn't any reversal pattern so far, which means bears are likely going to push the price even lower in the short term.
There's a bullish "Harami", but this pattern remains unconfirmed. Therefore, we could have just a local upward correction. If a pullback from the nearest resistance happens little later on, bears will try to deliver a new local low.
More:
https://fbs.com/analytics/articles/eur-usd-bearish-three-methods-4018
USD/JPY: PAIR GOING TO CONTINUE MOVING UP 12:48 27.09.2017
The last "Window" has been broken, so we don't have any reversal pattern so far. In this case, the pair is likely going to continue moving up towards the next resistance level.
We've got a bearish "Harami", which hasn't been confirmed yet. So, there's an opportunity to have a local correction during the day. However, bulls will try to deliver a new local high afterwards.
More:
https://fbs.com/analytics/articles/usd-jpy-pair-going-to-continue-moving-up-4019
EUR/USD: PRICE ACHIEVED 0/8 MM LEVEL 13:33 27.09.2017
The price is still declining. It seems like wave 4 is taking the form of a zigzag, which is about to end. So, if a pullback from 0/8 MM Level happens later on, there'll be an opportunity to have wave [i] of 5.
The pair has achieved 0/8 MM Level, which could act as support. If so, bulls are likely going to deliver wave [i]. The main intraday target is 2/8 MM Level.
More:
https://fbs.com/analytics/articles/eur-usd-price-achieved-0-8-mm-level-4030
EUR/JPY: BEARS ARE LOSING POWER 07:10 28.09.2017
Recommendation:
BUY 133.05
SL 132.5
TP1 134.45 TP2 135.5
On the daily chart, after EUR/JPY reached 161.8% target of AB=CD and corrected, it rebounded from the key support level at 132.05. Bulls are trying to use pin bar and resume the uptrend.
On H1, EUR/JPY formed a “Widening wedge” and broke below the diagonal support in the lower part of the trade channel. To resume the uptrend, bulls will need to return the pair inside the trend channel. To do this, they should get above resistance at 133.05.
More:
https://fbs.com/analytics/articles/eur-jpy-bears-are-losing-power-4041
USD/JPY: BULLS KEEP PUSHING 07:15 28.09.2017
Recommendation:
BUY 112.5 SL 111.95 TP1 113.7 TP2 114.25 TP3 115.3
BUY 111.85 SL 111.35 TP1 113.7 TP2 114.25
On the daily chart, USD/JPY approached 88.6% target of the inverted “Shark” pattern. If they succeed to keep the pair above 113, the pair may go for 113% target.
On H1, USD/JPY keeps rising towards 224% target of AB=CD. The nearest resistance is close to 113.65. A recoil down from this level is likely. Trend remains bullish, so correction with the following recoil to the downside may be used for buying.
More:
https://fbs.com/analytics/articles/usd-jpy-bulls-keep-pushing-4042
EUR/USD: EURO ON MAIN SUPPORT 07:25 28.09.2017
Technical levels: support – 1.1725; resistance – 1.1800, 1.1875.
Trade recommendations:
Buy — 1.1725; SL — 1.1700; TP1 — 1.1800; TP2 – 1.1825.
Reason: bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, falling lines; the market is oversold and the prices on the main daily support of the Cloud.
More:
https://fbs.com/analytics/articles/eur-usd-euro-on-main-support-4044
USD/JPY: DOLLAR REACHED NEW HIGHS 07:28 28.09.2017
Technical levels: support – 112.40; resistance – 113.40.
Trade recommendations:
Sell — 113.40; SL — 113.60; TP1 — 112.60; TP2 — 112.20.
Reason: bullish Ichimoku Cloud with rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen; but the market is overbought and the prices under the strong daily resistance.
More:
https://fbs.com/analytics/articles/usd-jpy-dollar-reached-new-highs-4045
EUR/USD: PRICE GOING TO CONTINUE FALLING 09:05 28.09.2017
Bears faced with support at 1.1714, so the price is consolidating. However, the market is likely going to continue falling down towards the next support at 1.1688 - 1.1661. If a pullback from this area happens, we could have an upward price movement in the direction of the nearest resistance at 1.1793 - 1.1822.
The price is consolidating between the levels 1.1714 - 1.1772. The 34 Moving Average is likely going to act as resistance during the day. If a pullback from this line happens, we could have another decline towards the closest support at 1.1714 - 1.1688.
More:
https://fbs.com/analytics/articles/eur-usd-price-going-to-continue-falling-4050
GBP/USD: BEARISH "PENNANT" 09:07 28.09.2017
There's a downward "Wedge", so the market is likely going to decline towards the nearest support at 1.3328 - 1.3278. If a pullback from this area happens little later on, there'll be an opportunity to have an upward price movement in the direction of the closest resistance at 1.3444 - 1.3479
We've got a consolidation, which is taking place under the 34 Moving Average. Also, there's a "Pennant", so bears are likely going to decline towards the next support at 1.3328 - 1.3278. Meanwhile, if a pullback from these levels arrives afterwards, bulls will try to test the nearest resistance at 1.3374 - 1.3404.
More:
https://fbs.com/analytics/articles/gbp-usd-bearish-pennant-4051
EUR/USD: BULLISH "TWEEZERS" PATTERN 12:40 28.09.2017
There are bullish patterns such an "Inverted Hammer" and an "Engulfing", which both have been confirmed enough. So, we could have a local upward correction. If a pullback from the nearest resistance happens, bears will try to deliver a new local low.
We've got a bullish "Tweezers" pattern. Also, there's a "Three White Soldiers", so we should keep an eye on the 55 Moving Average as an intraday target. If a pullback from this line happens, there'll be an opportunity to have another decline.
More:
https://fbs.com/analytics/articles/eur-usd-bullish-tweezers-pattern-4052
USD/JPY: BEARISH "ENGULFING 12:42 28.09.2017
We've got a bearish "Engulfing", but confirmation of this pattern is a quite weak. So, we could have just a local correction. In this case, bulls are likely going to break the last high once again.
There are a "Harami" and a "High Wave" patterns, which both have been formed at the local high. Therefore, the 55 Moving Average is likely going to act as support during the day.
More:
https://fbs.com/analytics/articles/usd-jpy-bearish-engulfing-4053
EUR/USD: TWO PULLBACKS FROM 0/8 MM LEVEL 13:06 28.09.2017
Wave 4 may have been formed like a zigzag, cause there's a pullback from 0/8 MM Level. Therefore, we're likely going to have an upward impulse in wave 5 soon.
There are two pullbacks from 0/8 MM Level in a row, so the price is rising. It's likely that we've got developing wave [i]. If so, wave (iii) is going to move on in the short term.
More:
https://fbs.com/analytics/articles/eur-usd-two-pullbacks-from-0-8-mm-level-4054
GBP/USD: POUND SUPPORTED INSIDE CLOUD 06:47 29.09.2017
Technical levels: support – 1.3310, 1.3380; resistance – 1. 3560.
Trade recommendations:
Buy — 1.3400; SL — 1.3380; TP1 — 1.3510; TP2 — 1.3560.
Reason: narrow bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with the falling Kijun-sen; the prices are on the strong support inside a Cloud.
More:
https://fbs.com/analytics/articles/gbp-usd-pound-supported-inside-cloud-4065
AUD/USD: AUSSIE REACHED MAIN SUPPORT 06:48 29.09.2017
Technical levels: support – 0.7800, 0.7830; resistance – 0.7880, 0.7900.
Trade recommendations:
Buy — 0.7840; SL — 0.7820; TP1 — 0.7880; TP2 — 0.7900.
Reason: bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen; the prices are in the oversold area yet, but entered into the channel of Tenkan-Kijun and can grow to Kijun’s levels.
More:
https://fbs.com/analytics/articles/aud-usd-aussie-reached-main-support-4066
EUR/USD: EURO PAINTED A WEDGE 07:31 29.09.2017
Recommendation:
SELL 1.1870 SL 1.1925 TP 1.1755
SELL 1.1910 SL 1.1965 TP 1.1790
On the daily chart, EUR/USD keeps forming “Shark” pattern and “Head and Shoulders”. Further fate of the pair will depend on the test of the neckline. There’s an important resistance at 1.1860-1.1865.
On H1, EUR/USD is finishing “Widening wedge” pattern. A successful test of resistance at 1.1805 will trigger the “Dragon” pattern and increase the odds of growth towards 50%, 61.8% and 78,6% of the wave 4-5. The sellers will take it from there.
More:
https://fbs.com/analytics/articles/eur-usd-euro-painted-a-wedge-4068
EUR/GBP: BULLS COUNTERATTACKED 07:41 29.09.2017
Recommendations:
BUY 0.881 SL 0.8755 TP1 0.891 TP2 0.9
SELL 0.8755 SL 0.881 TP 0.8655
On the daily chart, EUR/GBP bulls are trying to hold at the lower border of the 0.8775-0.8900 consolidation range. If they fail, a formation of the “Shark” and “Shakeout-Fakeout” pattern will increase the risks of the pair’s advance above 0.9000.
On H1, EUR/GBP is in the final stage of the “Widening wedge”. A break of resistance at 0.8795 (23.6% of the wave 4-5) and 0.8810 will open the way to the upside. Selling the pair will become a good idea below support at 0.8755.
More:
https://fbs.com/analytics/articles/eur-gbp-bulls-counterattacked-4069
EUR/USD: "DOUBLE BOTTOM" 09:14 29.09.2017
There's a "Double Bottom", so the price reached the nearest resistance at 1.1793. Meanwhile, the market is likely going to continue moving up towards the next resistance at 1.1822 - 1.1837. If a pullback from this area happens, we could have a decline in the direction of the closest support at 1.1793 - 1.1772.
The price is consolidating between the levels 1.1772 - 1.1793. Also, we've got a "Pennant" pattern, which has been broken. So, we bulls are likely going to reach the next resistance at 1.1822 - 1.1837 in the coming hours. If we have a pullback from these levels, bears will probably try to deliver a downward correction.
More:
https://fbs.com/analytics/articles/eur-usd-double-bottom-4073
GBP/USD: "PENNANT" PATTERN 09:17 29.09.2017
The market is consolidating between the levels 1.3444 - 1.3328. At the same time, there's a downward "Wedge", so the pair is likely going to reach the nearest resistance at 1.3479 - 1.3533 in the short term. If a pullback from this area happens, we could have a decline towards the closest support at 1.3444 - 1.3374.
There's a downward "Wedge", so the price is consolidating. Also, we've got a "Pennant" pattern, so bulls are likely going to achieve the next resistance at 1.3479 - 1.3513 during the day. However, if we have a pullback from this area, there'll be an opportunity to have a downward price movement in the direction of support at 1.3404 - 1.3374.
More:
https://fbs.com/analytics/articles/gbp-usd-pennant-pattern-4074
EUR/USD: BULLISH "THREE METHODS" 12:30 29.09.2017
The last "Inverted Hammer" and "Engulfing" patterns led to the current bullish price movement. Also, there's a "Three Methods", so we could have the price even higher. However, if a pullback from the nearest resistance happens little later on, we could have another decline.
There's a bullish "Three Methods", which has been confirmed. So, the 89 Moving Average is likely going to act as resistance in the coming hours.
More:
https://fbs.com/analytics/articles/eur-usd-bullish-three-methods-4076
USD/JPY: PRICE GOING TO TEST 55 MA 12:32 29.09.2017
We've got a bearish "Engulfing" pattern, which is still on the table. So, the price is likely going to test the 55 Moving Average, which could be a departure point for another upward price movement.
There's a bullish "Harami", which has been formed on the 55 Moving Average. However, this pattern hasn't been confirmed enough. In this case, the pair is likely going to test the nearest "Window" during the day. If a pullback from this level happens, we could have a decline towards the last low.
More:
https://fbs.com/analytics/articles/usd-jpy-price-going-to-test-55-ma-4077
EUR/USD: PULLBACK FROM 0/8 MM LEVEL 12:47 29.09.2017
There's a pullback from 0/8 MM Level, so wave 4 may have been formed. The price is rising and it seems like wave [i] is about to end. So, if 2/8 MM Level acts as resistance, we could have wave [ii].
We've got a developing bullish impulse, which could be wave [i]. The main target for wave (v) is 2/8 MM Level, which could be a departure point for a local bearish correction.
More:
https://fbs.com/analytics/articles/eur-usd-pullback-from-0-8-mm-level-4078
GOLD (XAU/USD) LOOKING TO MAKE A STRONG REBOUND 19:30 01.10.2017
Bears have been the headliners in the Gold’s price action across the board and according to the H4 chart, XAU/USD is expected to finish a correction started since three weeks ago. Between the 1280.95 and 1258.04 we’re expecting a demand zone to be found in order to gather momentum in favor of the bulls. If that happens, then we might expect a rally towards the -23.6% at 1393.38 level.
RSI indicator remains in the positive territory and invalidation zone for our outlook in the yellow metal is placed at the 1237.27 level.
More:
https://fbs.com/analytics/articles/gold-xau-usd-looking-to-make-a-strong-rebound-4090
EUR/USD: EURO MAY RETURN TO CLOUD 06:49 02.10.2017
Technical levels: support – 1.1725, 1.1750; resistance – 1.1800, 1.1825.
Trade recommendations:
Buy — 1.1750; SL — 1.1730; TP1 — 1.1800; TP2 – 1.1825.
Reason: bearish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-se with rising Tenkan-sen; the market is on the support of the daily Cloud.
More:
https://fbs.com/analytics/articles/eur-usd-euro-may-return-to-cloud-4096
GBP/USD: POUND WILL TEST SSB’S SUPPORT 06:50 02.10.2017
Technical levels: support – 1.3280; resistance – 1. 3410.
Trade recommendations:
Buy — 1.3280; SL — 1.3260; TP1 — 1.3410; TP2 — 1.3460.
Reason: narrow bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with the falling Kijun-sen, but rising Tenkan-sen; the prices are on the strong support inside a Cloud.
More:
https://fbs.com/analytics/articles/gbp-usd-pound-will-test-ssb%E2%80%99s-support-4097
NZD/USD: WILL KIWI RETURN TO BEARS? 06:59 02.10.2017
Recommendations:
BUY 0.7225 SL 0.728 TP1 0.728 TP2 0.737
SELL 0.7175 SL 0.7105 TP2 0.705
On the daily chart, the inability of bulls to hold the pair above the lower border of the bullish trend channel increases the risks of the pair’s advance to 127.2% target of AB=CD.
On H1, NZD/USD formed a “Widening wedge” pattern within consolidation to the short-term downtrend. The pair’s return to 23.6% of the wave 4-5 will create grounds for a reversal. On the other hand, decline below 88.6% of the wave 4-5 will be a signal of the bearish trend resumption.
More:
https://fbs.com/analytics/articles/nzd-usd--will-kiwi-return-to-bears-4098
AUD/USD: BEARS MADE A STOP 07:05 02.10.2017
Recommendation:
SELL 0.781 SL 0.7865 TP 0.7725 TP2 0.761
BUY 0.786 SL 0.7805 TP1 0.7915 TP2 0.7935
On the daily chart, AUD/USD reached 88.6% target of the “Bat” pattern. This increases the odds of the pair’s growth. On the other hand, if the Aussie returns to September low the “Bat” will start transforming into “Crab” with the target at 161.8%.
On H1, AUD/USD is consolidating within the short-term downtrend. A break of its lower border will allow bears to continue the decline. On the other hand, successful test of resistance at 0.7860 will be a signal for bulls to counterattack.
More:
https://fbs.com/analytics/articles/aud-usd-bears-made-a-stop-4099
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