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EUR/USD: BROKEN UPWARD "WEDGE" 07:50 02.10.2017
There's a "V-Top" pattern, so the price reached the nearest support at 1.1772. In this case, the market is likely going to continue declining towards the next support at 1.1739 - 1.1714. If a pullback from this area happens, we could have an upward correction in the direction of the closest resistance at 1.1772 - 1.1793.
We've got an upward "Wedge", which has been broken, so the price is declining. Therefore, we should keep an eye on the nearest support at 1.1739 - 1.1714 as an intraday target. However, we have a pullback from these levels, there'll be an opportunity to see a bullish price movement towards the closest resistance at 1.1772 - 1.1793.
More:
https://fbs.com/analytics/articles/eur-usd-broken-upward-wedge-4100
GBP/USD: MOVING AVERAGES ACTED AS RESISTANCE 07:52 02.10.2017
The price is consolidating in a range of the developing "Wedge". So, the upper side of this pattern is likely going to be broken soon. The main intraday target is the nearest resistance at 1.3479 - 1.3533, which could be a departure point for another decline.
The Moving Averages have acted as resistance, so the price is declining. Meanwhile, if we see a pullback from the nearest support at 1.3328, bulls are likely going to break the local uptrend. If so, the price could achieve the closest resistance at 1.3404 - 1.3444.
More:
https://fbs.com/analytics/articles/gbp-usd-moving-averages-acted-as-resistance-4101
EUR/USD: PULLBACK FROM 0/8 MM LEVEL 08:22 02.10.2017
Wave 4 has been finished, cause there's a pullback from 0/8 MM Level. Also, there's an upward impulse in wave [i], so we've got developing wave [ii], which is about to end. In this case, we're likely going to have another upward impulse in wave [iii] of 5 soon.
There's a local decline, which could be wave [ii]. However, this bullish wave count will be unconfirmed until a bullish impulse in wave (i) arrives.
More:
https://fbs.com/analytics/articles/eur-usd-pullback-from-0-8-mm-level-4103
EUR/USD: "SHOOTING STAR" AT THE LOCAL HIGH 11:56 02.10.2017
There's a "Shooting Star", which has been formed at the last local high. This pattern has been confirmed, so the pair is likely going to decline towards the nearest support level.
The last bearish "Three Methods" pattern led to the current decline. Also, there isn't any reversal pattern so far. In this case, the market is likely going to continue moving down during the day.
More:
https://fbs.com/analytics/articles/eur-usd-shooting-star-at-the-local-high-4111
USD/JPY: "HAMMER" ON 34 MOVING AVERAGE 11:58 02.10.2017
The 34 Moving Average has acted as support, so we've got a "Hammer" in this line. Therefore, bulls are likely going to test the upper "Window" in the short term. If a pullback from this level happens later on, we could have a downward correction.
There's a bearish "Engulfing", which has been formed at the last local high. So, there's an opportunity to have a downward correction in the coming hours. If a pullback from the 55 Moving Average arrives afterwards, bulls will probably try to deliver another upward price movement.
More:
https://fbs.com/analytics/articles/usd-jpy-hammer-on-34-moving-average-4112
XAU/USD: BEARS ARE ATTACKING 06:53 03.10.2017
Recommendation:
BUY $1254
SL $1240
TP1 $1281 TP2 $1300 TP2 $1315
On the daily chart, XAU/USD went to an important support at $1267.6 an ounce. If bears manage to conquer it, risks of continuation towards the lower border of uptrend channel will significantly increase. On the other hand, recoil to the downside will allow consolidation in the $1265-1315 range.
On H1, XAU/USD is heading towards $1254. Near it there’s a lower border of the downtrend channel, 224% target of AB=CD and historic support. This increases the risks of a pullback.
More:
https://fbs.com/analytics/articles/xau-usd-bears-are-attacking-4132
USD/CAD: LOONIE IS BREAKING THE TREND 07:38 03.10.2017
Recommendation:
BUY 1.2595
SL 1.254
TP1 1.2715 TP2 1.292 TP3 1.325
On the daily chart, USD/CAD bulls managed to overcome resistance at 1.2462. If they manage to conquer 1.2717 with ease, the odds of triggering the “Shark” patter will significantly increase. Its 88.6% target corresponds to 1.3250.
On H1, increase above resistance at 1.2533 will open the way to 1.2595 (88.6% of the last descending wave + 161.8% target of AB=CD). A successful test of this level will allow bulls to continue the rally.
More:
https://fbs.com/analytics/articles/usd-cad-loonie-is-breaking-the-trend-4133
GBP/USD: POUND BOUNCED FROM SSB’S 07:38 03.10.2017
Technical levels: support – 1.3250/80; resistance – 1.3340, 1. 3410.
Trade recommendations:
Buy — 1.3270; SL — 1.3250; TP1 — 1.3340; TP2 — 1.3410.
Reason: narrowing bullish Ichimoku Cloud, but rising Senkou Span B; a dead cross of Tenkan-sen and Kijun-sen with the horizontal Tenkan-sen and Kijun-sen; the prices are reached the SSB’s support and bounced inside Cloud.
More:
https://fbs.com/analytics/articles/gbp-usd-pound-bounced-from-ssb%E2%80%99s-4134
AUD/USD: AUSSIE MAY RETURN TO CLOUD 07:39 03.10.2017
Technical levels: support – 0.7800; resistance – 0.7880, 0.7900.
Trade recommendations:
Buy — 0.7820; SL — 0.7800; TP1 — 0.7880; TP2 — 0.7900.
Reason: bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with falling lines; the prices are on the strong support on the daily timeframe.
More:
https://fbs.com/analytics/articles/aud-usd-aussie-may-return-to-cloud-4135
EUR/USD: CONFIRMED "DOUBLE BOTTOM" 12:10 03.10.2017
Bears faced with support at 1.1688, so we've got a "V-Bottom". In this case, the market is likely going to reach the nearest resistance at 1.1772 - 1.1793 in the coming hours. If a pullback from this area happens, we could have a decline towards the closest support at 1.1688 - 1.1661.
There's a "Double Bottom", which has been confirmed, so the price is likely going to reach the nearest resistance at 1.1772 - 1.1793 in the coming hours. If we see a pullback from these levels, there'll be an opportunity to have a downward price movement towards another support at 1.1688 - 1.1661.
More:
https://fbs.com/analytics/articles/eur-usd-confirmed-double-bottom-4143
GBP/USD: "V-BOTTOM" PATTERN 12:12 03.10.2017
We've got a "V-Bottom", so there's an opportunity to have a local bullish correction. Meanwhile, bears are likely going to test the next support at 1.3182 - 1.3150 afterwards. If we have a pullback from this area, bulls will probably try to deliver an upward price movement.
There's a "Double Bottom", which has been confirmed. So, the main intraday target is the nearest resistance at 1.3328. However, if a pullback from this level happens, we could have another decline.
More:
https://fbs.com/analytics/articles/gbp-usd-v-bottom-pattern-4144
EUR/USD: BULLISH "ENGULFING" 12:25 03.10.2017
There's a bullish "Engulfing", which has been formed at the last local low. Considering confirmation of this pattern, the market is likely going to test the Moving Averages. If a pullback from these lines happens, we could have another decline.
We've got a "Tower" and a "Doji", so the 34 Moving Average is likely going to act as resistance. So, there's an opportunity to have a local correction if a pullback from this line happens in the coming hours.
More:
https://fbs.com/analytics/articles/eur-usd-bullish-engulfing-4146
USD/JPY: "WINDOW" ACTING AS SUPPORT 12:27 03.10.2017
The nearest "Window" is acting as support, which is likely going to be tested once again in the short term. If we have another pullback from the "Window", bulls will probably try to deliver a new local high.
We've got a bearish "Tower", which has been formed right below the upper "Window". So, the pair is likely going to test the 89 Moving Average during the day.
more:
https://fbs.com/analytics/articles/usd-jpy-window-acting-as-support-4147
EUR/USD: EURO CORRECTED TO KIJUN-SEN 05:41 04.10.2017
Technical levels: support – 1.1700; resistance – 1.1770.
Trade recommendations:
Sell — 1.1750; SL — 1.1770; TP1 — 1.1700; TP2 – 1.1650
Reason: expanding bearish Ichimoku Cloud, falling Senkou Span A; a new dead cross of Tenkan-sen and Kijun-sen with falling Kijun-sen; the prices are under the Cloud’s resistance.
More:
https://fbs.com/analytics/articles/eur-usd-euro-corrected-to-kijun-sen-4163
USD/JPY: DOLLAR WILL TEST CLOUD’S SUPPORT 05:41 04.10.2017
Technical levels: support – 112.30/40; resistance – 113.00, 113.30.
Trade recommendations:
Buy — 112.60; SL — 112.40; TP1 — 113.30; TP2 — 114.00.
Reason: bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, but the horizontal Tenkan-sen and Kijun-sen; the prices are breaking down the Kijun’s support and going to Cloud.
More;
https://fbs.com/analytics/articles/usd-jpy-dollar-will-test-cloud%E2%80%99s-support-4164
USD/CHF: FRANC WENT OFF THE ROAD 07:27 04.10.2017
Recommendations:
SELL 0.971 SL 0.9765 TP1 0.9585 TP2 0.954
SELL 0.9645 SL 0.97 TP1 0.9585 TP2 0.954
On the daily chart, the inability of bulls to settle above 0.9760 points at their weakness. If bears manage to use the pin bar, the odds of decline to 88.6% and 113% targets of the “Shark” pattern will increase.
On H1, there’s a combination of reversal patterns “Three Indians” and “Widening wedge”. Aggressive selling involves opening positions on the break of the lower border of the uptrend channel. Conservative sellers can open positions on a successful break of support at 0.9645.
More:
https://fbs.com/analytics/articles/usd-chf-franc-went-off-the-road-4167
GBP/USD: BEARS CREATED A TRAP 07:52 04.10.2017
Recommendation:
SELL 1.332 SL 1.3375 TP 1.321 TP2 1.3105
SELL 1.338 SL 1.3435 TP1 1.328 TP2 1.321
On the daily chart, after GBP/USD formed AB=CD and “Three Indians” patterns, there was a pullback. Bulls are currently trying to return in the game and resume the uptrend. For a start, they have to overcome 1.3290.
On H1, GBP/USD reached 88.6% target of the “Shark” pattern. After this, the “Shark” started transforming into 5-0. Pullbacks towards 23.6%, 38.2% and 50% of the wave CD, as usual, are used for forming short positions.
More;
https://fbs.com/analytics/articles/gbp-usd-bears-created-a-trap-4169
EUR/USD: "PENNANT" LED TO FORM NEW HIGH 08:58 04.10.2017
There's a "V-Bottom" pattern, so the price reached the nearest resistance at 1.1772. Nevertheless, the market is likely going to achieve the 89 Moving Average in the short term. If a pullback from this line happens, we could have a decline towards the closest support at 1.1714 - 1.1688
The last "Pennant" pattern led to form a new local high. Also, we've got a bullish "Flag", so the pair is likely going to reach another resistance at 1.1831 in the coming hours. However, if a pullback from this level happens, there'll be an opportunity to have a decline in the direction of the nearest support at 1.1739 - 1.1714.
More:
https://fbs.com/analytics/articles/eur-usd-pennant-led-to-form-new-high-4170
GBP/USD: "TRIPLE BOTTOM" 09:00 04.10.2017
Bears faced with support at 1.3223, so there's a "Triple Bottom", which pushed the price to the closest resistance at 1.3278. Meanwhile, the market is likely going to continue moving up towards the 34 Moving Average. If this line acts as resistance little later on, bears will try to reach another support at 1.3223 - 1.3182.
We've got a "Triple Bottom", so the price is consolidating. The main intraday target is the 89 Moving Average, which could be a departure point for another decline in the direction of the last low.
More:
https://fbs.com/analytics/articles/gbp-usd-triple-bottom-4171
EUR/USD: POSSIBLE EXTENSION IN THE THIRD WAVE 10:27 04.10.2017
There's a pullback from 0/8 MM Level, so wave 4 may have been formed. Therefore, there's an opportunity to have an upward impulse in wave [i]. The main intraday target is 2/8 MM Level, which could be a departure point for a downward correction.
As we can see on the one-hour chart, there's a possible extension in the third wave inside wave [i]. So, the market is likely going to continue moving up, which means we could have a new local high pretty soon.
More:
https://fbs.com/analytics/articles/eur-usd-possible-extension-in-the-third-wave-4178
USD/JPY: "TOWER" LED TO DECLINE 11:24 04.10.2017
The price is still consolidating. Also, there's a "Hanging Man", which has been formed at the last local high. So, the 34 Moving Average is likely going to act as support. If so, we could have another bullish rally afterwards.
The last "Tower" pattern led to the current decline. Meanwhile, if any bullish pattern forms on the lower "Window", there'll be an opportunity to have an upward price movement towards the nearest resistance area.
More:
https://fbs.com/analytics/articles/usd-jpy-tower-led-to-decline-4179
EUR/USD: BULLISH "ENGULFING" 11:28 04.10.2017
There's a bullish "Engulfing", which has been confirmed enough. So, the market is likely going to continue moving up towards the nearest resistance area, which could be a departure point for another decline.
We've got a bullish "Hammer", but confirmation of this pattern is still on the way. Therefore, we could have a local bearish correction during the day. However, if a pullback from the closest support happens little later on, there'll be an opportunity to have an upward price movement in the direction of the last high.
More:
https://fbs.com/analytics/articles/eur-usd-bullish-engulfing-4180
GBP/USD: BREAKDOWN OF SUPPORT 07:13 05.10.2017
Technical levels: support – 1.3200, 1.3090; resistance – 1.3280.
Trade recommendations:
Sell — 1.3190; SL — 1.3210; TP1 — 1.3090; TP2 — 1.3050.
Reason: expanding bearish Ichimoku Cloud, but rising Senkou Span B; a dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen and Kijun-sen; the prices are breakdown the main support of the Cloud and entered into the negative area.
More:
https://fbs.com/analytics/articles/gbp-usd-breakdown-of-support-4197
AUD/USD: AUSSIE TESTED CLOUD’S RESISTANCE 07:13 05.10.2017
Technical levels: support – 0.7800; resistance – 0.7880.
Trade recommendations:
Buy — 0.7830; SL — 0.7810; TP1 — 0.7880; TP2 — 0.7900.
Reason: bearish Ichimoku Cloud with rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen; the prices are returned to the support of Tenkan-sen and Kijun-sen.
More:
https://fbs.com/analytics/articles/aud-usd-aussie-tested-cloud%E2%80%99s-resistance-4198
[B[EUR/JPY: THE TRUCE HAS RUN OVER TIME[/B]
07:16 05.10.2017
Recommendations:
BUY 133.05 SL 132.5 TP1 134.05 TP2 135
SELL 132 SL 132.55 TP1 131.25 TP2 130.4 TP3 129.8
On the daily chart, EUR/JPY is consolidating within a bullish trend. A break of its lower border and exit outside the uptrend channel will increase the risks of a pullback to 129.80.
On H1, EUR/JPY got stuck between 132 and 133.05. A successful test of its lower border will allow triggering of AB=CD pattern with a target at 200%. On the other hand, a break of resistance at 133.05 creates room for the uptrend’s resumption.
More:
https://fbs.com/analytics/articles/eur-jpy-the-truce-has-run-over-time-4199
USD/CAD: LOONIE IS BREAKING THE TREND 07:34 05.10.2017
Recommendation:
BUY 1.2595
SL 1.254
TP1 1.2715 TP2 1.292 TP3 1.325
On the daily chart, USD/CAD bulls managed to overcome resistance at 1.2462. If they manage to conquer the level of 1.2717, the risks of an inverted “Shark” pattern will significantly increase. Its 88.6% target is at 1.3250.
On H1, a break of resistance at 1.2533 will open the way to 1.2595 (88.6% of the last descending wave + 161.8% target of AB=CD). A successful test of this level will allow bulls to continue the rally.
More:
https://fbs.com/analytics/articles/usd-cad-loonie-is-breaking-the-trend-4201
EUR/USD: PRICE GOING TO REACH 89 MA 08:43 05.10.2017
The price is consolidating between the levels 1.1739 - 1.1793. It's likely that the market is going to test the 34 Moving Average during the day. If a pullback from this line happens later on, we could have just another decline towards the nearest support area at 1.1714 - 1.1688.
The 55 Moving Average has acted as resistance, so the price is consolidating. However, the price is likely going to reach the 89 MA, which could be a departure point for another decline.
More:
https://fbs.com/analytics/articles/eur-usd-price-going-to-reach-89-ma-4202
GBP/USD: "PENNANT" PATTERN 08:45 05.10.2017
Bears faced with support at 1.3223, so the price is consolidating near the 89 Moving Average. Also, there's a "Flag" pattern, so the market is likely going to reach the nearest support st 1.3182 - 1.3150 in the short term. If a pullback from these levels happens little later on, there'll be an opportunity to have an upward price movement towards the next resistance at 1.3278.
We've got a "Pennant" pattern, which lower side has been broken. So, the pair is likely going to achieve the next support at 1.3182 - 1.3150. However, if we see a pullback from this area, bulls will probably try to test the 34 Moving Average.
More:
https://fbs.com/analytics/articles/gbp-usd-pennant-pattern-4203
EUR/USD: LEADING DIAGONAL IN WAVE (I) 08:53 05.10.2017
The price faced with support on 0/8 MM Level, so wave 4 may have been ended as a zigzag pattern. In this case, we're likely going to have an upward impulse in wave [i], so we should keep an eye on 3/8 MM Level as the nearest bullish target.
There's a leading diagonal in wave (i), but wave (ii) hasn't been finished yet. So, the pair is likely going to test 0/8 MM Level, which could be a departure point for wave (iii) of [i].
More:
https://fbs.com/analytics/articles/eur-usd-leading-diagonal-in-wave-i-4204
USD/JPY: 144 MA GOING TO ACT AS SUPPORT 11:49 05.10.2017
The price is consolidating above the "Window", which is likely going to act as support once again soon. If a pullback from the 34 Moving Average happens, there'll be an opportunity to have another upward price movement.
There's a "Shooting Star", so the price is declining. Also, there isn't any reversal pattern so far. The 144 Moving Average is likely going to act as support. If so, bulls will probably try to deliver another rally.
More;
https://fbs.com/analytics/articles/usd-jpy-144-ma-going-to-act-as-support-4205
EUR/USD: DEVELOPING "THREE BLACK CROWS" 11:51 05.10.2017
There's a bullish "Engulfing", which has been confirmed by the last "Three Methods" pattern. So, the 34 Moving Average is likely going to act as resistance in the short term. If a pullback from this line happens, we could have another decline soon.
It's likely that there's a developing "Three Black Crows" pattern. If it confirms, bears are likely going to test the closest support area, which could be a departure point for an upward price movement towards the Moving Averages.
More:
https://fbs.com/analytics/articles/eur-usd-developing-three-black-crows-4206
EUR/USD IS BUILDING A FORTRESS
07:17 06.10.2017
Recommendation:
BUY 1.1595
SL 1.1540
TP 1.1710
On the daily chart, EUR/USD fell below 1.17 (88.6% target of the “Shark” pattern). Bulls are ready to test support at 1.1685 (23.6% of the last bullish wave). Success will open the way to 113% target of the “Shark”
On H1, a break below an important support at 1.1710 increased the risks of continuation to the downside to 1.1595-1.1605 (200% and 113% of AB=CD and “Shark”). If the euro gets there, it will create grounds for a pullback.
More:
https://fbs.com/analytics/articles/eur-usd-is-building-a-fortress-4226
EUR/GBP: BULLS ARE RESUMING THE TREND 07:39 06.10.2017
Recommendation:
BUY 0.8945
SL 0.889
TP1 0.902 TP2 0.9085
On the daily chart, EUR/GBP keeps forming the invested “Shark” pattern and resuming the uptrend. A break of diagonal resistance and settling above 0.8929 will increase the risks of reaching 88.6% and 113% targets.
On H1, EUR/GBP after reaching the targets of the reversal pattern “Widening wedge” started an uptrend. A beak of resistance at 0.8945 will be a signal for continuation to the upside towards the targets marked at the senior timeframe.
More:
https://fbs.com/analytics/articles/eur-gbp-bulls-are-resuming-the-trend-4228
EUR/USD: PRICE GOING TO TEST NEAREST SUPPORT 09:05 06.10.2017
The price is consolidating near the 34 Moving Average, so bears are likely going to reach the nearest support at 1.1661 - 1.1612. If a pullback from this area happens, we could have another upward price movement towards the closest resistance at 1.1688 - 1.1714.
There's a consolidation, which is taking place between the levels 1.1688 - 1.1714. It's likely that the pair is going to test the next support at 1.1661 - 1.1639 during the day. Meanwhile, if we see a pullback from these levels, bulls will probably try to achieve another resistance at 1.1688 - 1.1695.
More:
https://fbs.com/analytics/articles/eur-usd-price-going-to-test-nearest-support-4230
GBP/USD: BEARS CAN'T STOP 09:08 06.10.2017
Bears faced with support at 1.3081, but the market is likely going to test the next support at 1.3017 - 1.2994 in the short term. If a pullback from this area happens, we could have a bullish price movement towards the nearest resistance area at 1.3081 - 1.3115.
The price is still declining. The main bearish target is the nearest support at 1.3017 - 1.2994. If a pullback from this area happens little later on, there'll be an opportunity to have a bullish price movement in the direction of the closest resistance at 1.3081 - 1.3115.
More:
https://fbs.com/analytics/articles/gbp-usd-bears-cant-stop-4231
US NONFARM PAYROLLS: FORECASTS FROM BANKS 10:28 06.10.2017
The United States will release labor market data at 15:30 MT time today. According to the consensus forecast, American economy added in September only 88K of new jobs after gaining 156K in August. The reason for weak expectations in the Harvey hurricane. Apart from NFP, America will also release average hourly earnings and unemployment rate. Let’s see what outcome do the major banks envisage.
More:
https://fbs.com/analytics/articles/us-nonfarm-payrolls-forecasts-from-banks-4232
EUR/USD: "ENGULFING" AND "HAMMER" 12:12 06.10.2017
We've got a bullish "High Wave", which hasn't been confirmed enough. So, we could have just a local upward correction in the short term. If a pullback from the nearest resistance happens, bears are likely going to break the last low.
We've got bullish patterns such an "Engulfing" and a "Hammer", which both have been confirmed. So, the 55 Moving Average is likely going to act as resistance during the day.
More;
https://fbs.com/analytics/articles/eur-usd-engulfing-and-hammer-4233
USD/JPY: "WINDOW" ACTING AS SUPPORT 12:14 06.10.2017
The "Window" is acting as support, so we've got an "Engulfing" pattern. Therefore, the market is likely going to reach the nearest resistance area pretty soon.
There's a bearish "High Wave", which has been confirmed. So, the price is likely going to get support on the 55 Moving Average. If a pullback from this line happens, we could have just another bullish rally.
More:
https://fbs.com/analytics/articles/usd-jpy-window-acting-as-support-4234
EUR/AUD: TARGETING THE 1.5140 LEVEL 00:08 09.10.2017
EUR/AUD has gained momentum around the 65% Fibonacci retracement level at 1.4962 and now it’s targeting the -23.6% Fibo zone at 1.5138. During Friday’s session, it made a pull back in an effort to correct recent gains in the pair. If it manages to break above Friday’s highs, such target could be reached, while a pull back should take the pair to re-test the 200 SMA around the 38.2% Fibo level.
RSI indicator remains in the positive territory, favoring to the bulls.
More:
https://fbs.com/analytics/articles/eur-aud-targeting-the-15140-level-4253
EUR/USD: EURO FIXED POSITIONS OVER KIJUN-SEN 05:20 09.10.2017
Technical levels: support – 1.1725, 1.1700; resistance – 1.1760/70.
Trade recommendations:
Sell — 1.1750; SL — 1.1770; TP1 — 1.1700; TP2 – 1.1650
Reason: bearish Ichimoku Cloud, but horizontal Senkou Span A and B; a new dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen; the prices are breakout the Kijun’s resistance, but there is a stronger resistance of the Cloud.
More:
https://fbs.com/analytics/articles/eur-usd-euro-fixed-positions-over-kijun-sen-4255
GBP/USD: POUND MADE A NEW LOWS 05:21 09.10.2017
Technical levels: support – 1.3060, 1.3000; resistance – 1.3150.
Trade recommendations:
Sell — 1.3150; SL — 1.3170; TP1 — 1.3060; TP2 — 1.3000.
Reason: bearish Ichimoku Cloud with falling Senkou Span A; a new dead cross of Tenkan-sen and Kijun-sen, falling Tenkan-sen; the prices are tested the support of 1.3020 and returned to Kijun-sen.
More:
https://fbs.com/analytics/articles/gbp-usd-pound-made-a-new-lows-4256
NZD/USD: BEARS RETURNED HOME 07:20 09.10.2017
Recommendation:
SELL 0.7145 SL 0.72 TP1 0.6045 TP2 0.6965
BUY 0.6965 SL 0.691 TP1 0.7065 TP2 0.7145
On the daily chart, NZD/USD keeps forming Gartley pattern. Its 78.6% target is near the lower border of the uptrend channel. This increases the risks of a pullback. After that, buyers may try to resume the uptrend.
On H1, there’s the short-term downtrend. The nearest resistance is close to 0.7145. The inability of bulls to overcome it will signal buyers’ weakness.
More:
https://fbs.com/analytics/articles/nzd-usd-bears-returned-home-4261
AUD/USD RAN INTO SHARKS 07:38 09.10.2017
Recommendation:
SELL 0.773 SL 0.7785 TP 0.76
SELL 0.786 SL 0.7915 TP1 0.773 TP2 0.76
On the daily chart, AUD/USD keeps going to 161.8% and 88.6% targets of the junior “Crab” pattern and the senior “Shark” pattern. They are situated around 0.76. The trend remains descending, so the pullbacks may be used for selling.
On H1, AUD/USD can trigger the inverted “Shark” pattern and correct towards its target at 88.6%. To do this, bears need to break the diagonal resistance in the form of the upper border of the downtrend channel.
More:
https://fbs.com/analytics/articles/aud-usd-ran-into-sharks-4262
EUR/USD: "THORN" PATTERN PUSHED PRICE HIGHER 09:16 09.10.2017
There's a "Thorn" pattern, which pushed the price higher, but bulls faced with resistance at 1.1739. In this case, the market is likely going to test the nearest support at 1.1688, which could be a departure point for an upward price movement towards the next resistance at 1.1772 - 1.1793.
The price is consolidating near the 55 Moving Average. Also, there's a local "Triple Top" pattern, so bears are likely going to reach the closest support at 1.1695 - 1.1688. If a pullback from this area happens, there'll be an opportunity to have an upward price movement in the direction of another resistance at 1.1772 - 1.1793.
More:
https://fbs.com/analytics/articles/eur-usd-thorn-pattern-pushed-price-higher-4266
GBP/USD: "V-BOTTOM" PATTERN 09:17 09.10.2017
Bears faced with support at 1.3017, so we've got a "V-Bottom" pattern. In this case, the pair is likely going to achieve the nearest resistance at 1.3182 in the short term. However, if we have a pullback from this level, there'll be an option to have another decline towards the closest support area at 1.3017 - 1.2994.
The price has been rising since a "V-Bottom" pattern was formed. The main intraday target is the nearest resistance at 1.3182 - 1.3221. Meanwhile, if we see a pullback from these levels, bears will probably try to reach the next support at 1.3017 - 1.2994 soon.
More:
https://fbs.com/analytics/articles/gbp-usd-v-bottom-pattern-4267
EUR/USD: ANOTHER PULLBACK FROM 0/8 MM LEVEL 10:00 09.10.2017
There's another pullback from 0/8 MM Level, so wave 4 may have been formed. Also, we've got a possible ending diagonal in wave [c] of 4. In this case, bulls are likely going to deliver an impulse in wave [i]. The main intraday target is 2/8 MM Level.
-1/8 MM Level has acted as support, so we've got an upward impulse in wave (i). Moreover, wave (ii) is likely ended, so there's an opportunity to have another bullish impulse in wave (iii) of [iii] during the day.
More:
https://fbs.com/analytics/articles/eur-usd-another-pullback-from-0-8-mm-level-4268
USD/JPY: "TWEEZERS" AND "ENGULFING" PATTERNS 11:56 09.10.2017
We've got a "Tweezers" and an "Engulfing" patterns, which both have been formed at the local high. So, the 34 Moving Average is likely going to act as support soon. If a pullback from this line happens, we could have another bullish rally.
The price is still consolidating, cause the 144 Moving Average is acting as support. In this case, the pair is likely going to test the upper "Window", which could be a departure point for another decline.
More:
https://fbs.com/analytics/articles/usd-jpy-tweezers-and-engulfing-patterns-4269
EUR/USD: BULLISH "HIGH WAVE" 11:57 09.10.2017
There's a "High Wave" pattern, which has been confirmed. So, the market is likely going to test the 34 Moving Average, which could be a departure point for another decline.
We've got a local bullish "High Wave", so there's an opportunity to have an intraday upward price movement. The main target for buyers is the 144 Moving Average line.
More:
https://fbs.com/analytics/articles/eur-usd-bullish-high-wave-4270
AUD/USD: AUSSIE IN CORRECTION TO KIJUN 04:56 10.10.2017
Technical levels: support – 0.7760; resistance – 0.7800
Trade recommendations:
Sell — 0.7800; SL — 0.7820; TP1 — 0.7760; TP2 — 0.7715.
Reason: expanding bearish Ichimoku Cloud, falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, falling Tenkan-sen and Kijun-sen; the prices are in correction inside of the channel Tenkan-Kijun.
More:
https://fbs.com/analytics/articles/aud-usd-aussie-in-correction-to-kijun-4285
USD/JPY: DOLLAR ENTERED INTO CLOUD 04:57 10.10.2017
Technical levels: support – 112.40; resistance – 113.30.
Trade recommendations:
Sell — 112.30; SL — 112.50; TP1 — 111.90; TP2 — 111.60.
Reason: bullish Ichimoku Cloud with rising Senkou Span B, but horizontal Senkou Span A; a cancelled golden cross of Tenkan-sen and Kijun-sen, with horizontal Tenkan-sen and Kijun-sen; the prices are breaking down the SSA’s support and entered into the Cloud.
More:
https://fbs.com/analytics/articles/usd-jpy-dollar-entered-into-cloud-4286
XAU/USD: BULLS COUNTERATTACKED 07:54 10.10.2017
Recommendation:
SELL $1277 SL $1292 TP $1247
On the daily chart, XAU/USD bulls managed to get to an important support at $1267 an ounce and let the pair outside of the short-term descending channel. The pair’s currently getting ready to conquer resistance at $1289. Success in this will open the way to $1302 and $1317. Failure will return the initiative to the bears.
On H1, after reaching 200% target of AB=CD XAU/USD pulled back. To resume active selling, bears need to return the pair inside the downtrend channel.
More:
https://fbs.com/analytics/articles/xau-usd-bulls-counterattacked-4289
USD/CAD: BULLS TOOK A PAUSE 08:07 10.10.2017
Recommendation:
BUY 1.2595
SL 1.254
TP1 1.2715 TP2 1.292 TP3 1.324
On the daily chart, bulls decided to take a pause after reaching the maximal level since the end of August. Until then, as long as the quotes are above support at 1.2462 (23.8% of the last medium-term term descending wave), buyers remain in control of the pair.
On H1, USD/CAD pulled back down after reaching resistance at 88.6% of the last descending wave and 161.8% target of AB=CD. To resume the uptrend bulls need to push the pair above 1.2595.
More:
https://fbs.com/analytics/articles/usd-cad-bulls-took-a-pause-4291
EUR/USD: 34 MA ACTING AS RESISTANCE 08:29 10.10.2017
The 34 Moving Average is acting as resistance, but the market is likely going to reach the next resistance at 1.1822 - 1.1837 in the short term. If a pullback from this area happens, we could have a decline towards the nearest support at 1.1739 - 1.1714.
The price has been rising since a pullback from the downtrend happened. The main intraday target is the closest resistance at 1.1822 - 1.1831, which could be a departure point for a bearish correction.
More:
https://fbs.com/analytics/articles/eur-usd-34-ma-acting-as-resistance-4292
GBP/USD: MARKET GOING TO TEST 89 MA 08:31 10.10.2017
There's a "V-Bottom", so the price is consolidating. It's likely that the market is going to test the 89 Moving Average in the short term. If a pullback from this line happens, there'll be an opportunity to have a decline towards the nearest support at 1.3150 - 1.3115.
The 55 Moving Average acted as resistance. At the same time, bulls are likely going to test the closest resistance at 1.3221 - 1.3256 during the day. If we see a pullback from these levels, bears will probably try to test another support at 1.3150 - 1.3115 afterwards.
More:
https://fbs.com/analytics/articles/gbp-usd-market-going-to-test-89-ma-4293
EUR/USD: EXTENSION IN WAVE (III) OF [I] 08:54 10.10.2017
The price has been rising since a pullback from 0/8 MM Level happened. So, there's a developing bullish impulse, which could be wave [i]. The main intraday target is 2/8 MM Level.
There's an extension in wave (iii) of [i], which hasn't been finished yet. Therefore, the price is likely going to test 3/8 MM Level, which could be a departure point for wave (iv). Nevertheless, bulls will try to reach 4/8 MM Level afterwards.
More:
https://fbs.com/analytics/articles/eur-usd-extension-in-wave-iii-of-i-4294
USD/JPY: CONSOLIDATION ABOVE "WINDOW" 12:07 10.10.2017
The price is still consolidating above the upper "Window". Also, there are a "Tweezers" and an "Engulfing" patterns, which both have been formed at the last high. So, bears are likely going to test the 89 Moving Average soon.
There's an opportunity to have any bullish pattern on the achieved "Window" level. If so, we're likely going to have a local upward correction. Nevertheless, bears will try to deliver another decline.
More:
https://fbs.com/analytics/articles/usd-jpy-consolidation-above-window-4295
EUR/USD: "THREE METHODS" PATTERN 12:10 10.10.2017
The last "High Wave" pattern led to an achievement of the 55 Moving Average, which acted as resistance. However, bulls are likely going to test the 89 Moving Average in the short term. If a pullback from this line happens little later on, we could have another decline.
There's a "Three Methods" pattern, which pushed the price even higher, so the 144 MA has been broken. Meanwhile, there's an opportunity to have a downward correction towards the nearest support, which could be a departure point for just another bullish price movement.
More:
https://fbs.com/analytics/articles/eur-usd-three-methods-pattern-4296
EUR/USD: 89 MA ACTED AS RESISTANCE 06:56 11.10.2017
The 89 Moving Average has acted as resistance, so the price is consolidating. Nevertheless, the pair is likely going to test the next resistance at 1.1848 - 1.1860 in the short term. If a pullback from this area happens little later on, there'll be an opportunity to have a bearish correction towards the nearest support at 1.1793 - 1.1772.
The price is consolidating between the levels 1.1822 - 1.1793. The main intraday target is the closest resistance at 1.1848 - 1.1860. However, if we see a pullback from these levels, bears will probably try to achieve another support at 1.1822 - 1.1793.
More:
https://fbs.com/analytics/articles/eur-usd-89-ma-acted-as-resistance-4311
GBP/USD: LOCAL "DOUBLE TOP" PATTERN 06:57 11.10.2017
There's a consolidation, which is taking place under the nearest resistance at 1.3221. The main intraday target is the closest support at 1.3182 - 1.3150. If we have a pullback from this area, bulls will probably try to reach the 89 Moving Average.
The 89 Moving Average has acted as resistance, so there's a "Double Top" pattern. In this case, the market is likely going to test the 34 MA during the day. Meanwhile, if a pullback from this line happens afterwards, there'll be an option to have an upward price movement in the direction of the next resistance at 1.3221 - 1.3256.
More:
https://fbs.com/analytics/articles/gbp-usd-local-double-top-pattern-4312
EUR/USD: WAVE [I] ABOUT TO END 07:16 11.10.2017
Wave 4 may have been formed, cause there's a pullback from 0/8 MM Level. Also, a bullish impulse in wave [i] is about to end, so we could have a downward correction in the short term. The main intraday target for wave [ii] is 1/8 MM Level, which could be a departure point for wave [iii] of 5.
There's a developing impulse in wave [i]. It's likely that wave (v) is going to end on 4/8 MM Level. Therefore, there's an opportunity to have wave [ii] during the day. In this case, we should keep an eye on 2/8 MM Level as an intraday bearish target.
More:
https://fbs.com/analytics/articles/eur-usd-wave-i-about-to-end-4313
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