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USD/JPY: "SHOOTING STAR" PATTERN 12:21 11.10.2017
The price is still consolidating. Also, there's a bullish "Engulfing" on the 55 Moving Average, but this pattern remains unconfirmed. So, the price is likely going to continue moving down until any reversal pattern arrives.
We've got a "Shooting Star" pattern, which has been formed on the 55 & 89 Moving Averages. In this case, the pair is likely going to test the nearest support area during the day.
More:
https://fbs.com/analytics/articles/usd-jpy-shooting-star-pattern-4325
EUR/USD: PRICE GOING TO TEST MOVING AVERAGES 12:23 11.10.2017
There's a bearish "Shooting Star", which has been formed on the 89 Moving Average. However, this pattern is still unconfirmed, so we could have just a local correction. Therefore, bulls are likely going to deliver a new local high soon.
At the same time, we've got a confirmed "Shooting Star" on the one-hour chart. So, the price is likely going to test the Moving Averages in the coming hours. If a pullback from these lines happens next, there'll be an opportunity to have another upward price movement.
More:
https://fbs.com/analytics/articles/eur-usd-price-going-to-test-moving-averages-4326
EUR/USD: EURO TESTED SBB’S RESISTANCE 06:54 12.10.2017
Technical levels: support – 1.1850, 1.1830; resistance – 1.1890, 1.1940.
Trade recommendations:
Buy — 1.1850; SL — 1.1830; TP1 — 1.1890; TP2 – 1.1940.
Reason: bearish Ichimoku Cloud with rising Senkou Span A; a strong golden cross of Tenkan-sen and Kijun-se with rising Tenkan-sen and Kijun-sen; the prices are under Senkou Span B and will try to breakout.
More:
https://fbs.com/analytics/articles/eur-usd-euro-tested-sbb%E2%80%99s-resistance-4341
USD/JPY: DOLLAR MAY GO LOWER 06:55 12.10.2017
Technical levels: support – 112.00, 111.60; resistance – 112.70.
Trade recommendations:
Sell — 112.20; SL — 112.40; TP1 — 111.60; TP2 — 111.30.
Reason: bullish Ichimoku Cloud, but falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen; but the market is under the Tenkan’s resistance.
More:
https://fbs.com/analytics/articles/usd-jpy-dollar-may-go-lower-4342
EUR/USD: PRICE GOING TO CONTINUE RISING 07:13 12.10.2017
All the Moving Averages have been broken, so the market is likely going to continue moving up in the short term. The main bullish target is the nearest resistance at 1.1892 - 1.1914. If we have a pullback from this area, bears will try to test the closest support at 1.1837 - 1.1822.
Bulls faced with resistance at 1.1889, so the price is consolidating. In this case, bears are likely going to test the nearest support at 1.1848 - 1.1831 during the day. Meanwhile, if a pullback from these levels happens little later on, we could have another bullish rally towards the next resistance.
More:
https://fbs.com/analytics/articles/eur-usd-price-going-to-continue-rising-4343
GBP/USD: BROKEN BULLISH "PENNANT" 07:16 12.10.2017
We've got a bullish "Pennant", which has been broken, so the price is still rising. It seems like the pair is ready to test the next resistance at 1.3290 - 1.3342. However, if we see a pullback from this area, there'll be an opportunity to have a decline in the direction of another support at 1.3221 - 1.3182.
The price faced with resistance at 1.3256, so there's a local consolidation. The 89 Moving Average is likely going to act as support during the day. If so, bulls will probably try to deliver a new local high afterwards.
More:
https://fbs.com/analytics/articles/gbp-usd-broken-bullish-pennant-4344
EUR/USD: WAVE [II] COMING SOON 07:20 12.10.2017
The price has been rising since a pullback from 0/8 MM Level happened. Wave [i] is about to end, so if 3/8 MM Level acts as resistance, we could have a downward correction. In this case, we should keep an eye on 1/8 MM Level as an intraday bearish target.
There's a developing bullish impulse in wave [i], which is likely going to end soon. Therefore, if a pullback from 6/8 MM Level happens in the coming hours, bears will probably try to test 2/8 MM Level afterwards.
More:
https://fbs.com/analytics/articles/eur-usd-wave-ii-coming-soon-4346
USD/JPY: BEARISH "HARAMI" 11:53 12.10.2017
The 55 Moving Average has acted as support. However, there's also resistance by the upper "Window". In this case, the price is likely going to test the 89 MA. If a pullback from this line happens, we could have another bullish rally.
There's a bearish "Harami", which has been formed at the last local high. This pattern has been confirmed afterwards, so the price is likely going to test the nearest support level during the day.
More:
https://fbs.com/analytics/articles/usd-jpy-bearish-harami-4351
EUR/USD: "ENGULFING" ON THE UPPER "WINDOW" 11:55 12.10.2017
There's a bearish "Engulfing" pattern, which hasn't been confirmed yet. In this case, the market is likely going to test the 34 Moving Average, which could be a departure point for another upward price movement.
We've got an "Engulfing", which has been formed on the upper "Window". Therefore, the pair is likely going to decline in the short term. The main bearish target is the 144 Moving Average.
More:
https://fbs.com/analytics/articles/eur-usd-engulfing-on-the-upper-window-4352
EUR/USD: NO ONE WANTS TO GIVE IN 07:01 13.10.2017
Recommendations:
SELL 1.193 SL 1.1985 TP 1.177
BUY 1.177 SL 1.1705 TP 1.193
On the daily chart, the “Shark” pattern is transforming into 5-0. Pullbacks towards 38.2%, 50% and 61.8% of the wave CD are usually used for selling. The inability of bulls to lead the pair outside of the downtrend channel will point at their weakness.
On H1, EUR/USD keeps forming the “Widening wedge”. Pullbacks towards 23.6%, 38.2% and 50% of the wave 4-5 are usually used for buying. Long positions can be entered at 1.1715 and 1.1695.
More:
https://fbs.com/analytics/articles/eur-usd-no-one-wants-to-give-in-4366
EUR/GBP DOESN’T WANT TO GIVE UP 07:28 13.10.2017
Recommendation:
BUY 0.8855 SL 0.88 TP1 0.8955 TP2 0.9055
BUY 0.902 SL 0.8965 TP1 0.91 TP2 0.92
On the daily chart, the “Shark” pattern is transforming into 5-0. Pullbacks towards 38.2%, 50% and 61.8% of the wave CD are usually used for buying.
On H1, a break below support at 0.8905-0.8915 will trigger the senior “Shark” pattern with targets at 61.8%, 78.6%, and 88.6%. Risks of the uptrend’s resumption will strengthen in case of a successful test of resistance at 0.9020 (88.6% of the wave CD of the junior “Shark” pattern).
More:
https://fbs.com/analytics/articles/eur-gbp-doesn%E2%80%99t-want-to-give-up-4368
GBP/USD: POUND IS GOING TO SSB 07:37 13.10.2017
Technical levels: support – 1.3270; resistance – 1.3340.
Trade recommendations:
Sell — 1.3340; SL — 1.3360; TP1 — 1.3270; TP2 — 1.3240.
Reason: narrowing bearish Ichimoku Cloud, rising Senkou Span B; a golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen and Kijun-sen; the prices are going to Senkou Span B after supported by Kijun-sen.
MoreL:
https://fbs.com/analytics/articles/gbp-usd-pound-is-going-to-ssb-4369
AUD/USD: AUSSIE ENTERED INTO CLOUD 07:38 13.10.2017
Technical levels: support – 0.7800; resistance – 0.7850, 0.7880.
Trade recommendations:
Sell — 0.7850; SL — 0.7870; TP1 — 0.7800; TP2 — 0.7780.
Reason: bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen; the prices are entered into the Cloud and will test the highs of a last week.
More:
https://fbs.com/analytics/articles/aud-usd-aussie-entered-into-cloud-4370
EUR/USD: 34 MA ACTED AS SUPPORT 08:08 13.10.2017
The price is consolidating between the levels 1.1892 - 1.1822. It's likely that bulls are going to reach the nearest resistance at 1.1892 in the short term. If a pullback from this level happens little later on, there'll be an opportunity to have a decline towards the closest support at 1.1822 - 1.1793.
The 34 Moving Average has acted as support, so the price is consolidating. In this case, bears are likely going to test the 55 Moving Average soon. However, if we have a pullback from this line, bulls will probably try to reach another resistance at 1.1879 - 1.1889.
More:
https://fbs.com/analytics/articles/eur-usd-34-ma-acted-as-support-4371
GBP/USD: "THORN" PATTERN 08:09 13.10.2017
Bulls faced with resistance at 1.3290, but the market is likely going to continue moving up, so we should keep an eye on the next resistance at 1.3290 - 1.3342 as an intraday target. If we have a pullback from this area, there'll be an opportunity to have a decline towards the nearest support at 1.3221 - 1.3182.
We've got a "Thorn" pattern, so the price is consolidating. Therefore, the market is likely going to reach the nearest support at 1.3256 - 1.3221 during the day. At the same time, if we have a pullback from these levels, bulls will probably try to test the next resistance at 1.3290 - 1.3343.
More:
https://fbs.com/analytics/articles/gbp-usd-thorn-pattern-4372
EUR/USD: BULLS GOING TO DELIVER WAVE [III] 10:26 13.10.2017
There's a zigzag in wave 4, so an upward impulse in wave [i] has been formed. In this case, we could have a correction, which could be wave [ii]. Nevertheless, bulls are likely going to deliver wave [iii] afterwards.
Wave (v) of [i] may have been ended, cause there's a pullback from 5/8 MM Level. Wave [ii] is likely going to take the form of a zigzag, so we should keep an eye on 2/8 MM Level, which could be a departure point for wave (i) of [iii].
More:
https://fbs.com/analytics/articles/eur-usd-bulls-going-to-deliver-wave-iii-4375
NZD/USD: BEARS ARE IN THE FORTRESS 07:05 16.10.2017
Recommendation: SELL 0.7145 SL 0.72 TP 0.698
On the daily chart, NZD/USD formed AB=CD pattern with a target at 127.2%. The pair failed to reach 78.6% of the Gartley pattern. This gives bears hope for a resumption of the downtrend. Their main task is not to let bears get above 0.7190 and 0.7780.
On H1, further dynamics of the pair will depend on bears’ ability to return the pair below support at 0.7145. If they manage to do this, chances for a resumption of the downtrend will increase.
More:
https://fbs.com/analytics/articles/nzd-usd-bears-are-in-the-fortress-4403
AUD/USD: AUSSIE GOING TO SSB 07:47 16.10.2017
Technical levels: support – 0.7860; resistance – 0.7915, 0.7955
Trade recommendations:
Buy — 0.7880; SL — 0.7860; TP1 — 0.7915; TP2 — 0.7955.
Reason: narrowing bearish Ichimoku Cloud, rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, rising Tenkan-sen and Kijun-sen; the prices are on the strong support, but the market is overbought.
More:
https://fbs.com/analytics/articles/aud-usd-aussie-going-to-ssb-4404
USD/JPY: DOLLAR WILL TEST SSB’S SUPPORT 07:49 16.10.2017
Technical levels: support – 111.50; resistance – 112.40.
Trade recommendations:
Buy — 111.50; SL — 111.30; TP1 — 112.40; TP2 — 112.80.
Reason: narrow bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with horizontal Tenkan-sen; the prices are falling down to the support of lower border of the Cloud.
More:
https://fbs.com/analytics/articles/usd-jpy-dollar-will-test-ssb%E2%80%99s-support-4405
AUD/USD: BULLS COUNTERATTACKED 08:41 16.10.2017
Recommendations:
BUY 0.7815 SL 0.776 TP1 0.7955 TP2 0.8055
SELL 0.775 SL 0.7805 TP 0.7615
On the daily chart, the inability of bears to pull the prices below 0?7727 pointed at their weakness. Bulls counterattacked and count on the inverted “Shark” pattern. To begin with, they need to hold above 0.7872.
On H1, AUD/USD formed a “widening wedge”. Pullbacks towards 23.6%, 38.2% and 50% of the wave 4-5 are usually used for buying. A decline below support levels at 78.6% and 88.6% may represent good selling opportunities.
More:
https://fbs.com/analytics/articles/aud-usd-bulls-counterattacked-4408
EUR/USD: EURO RETURNED TO SENKOU SPAN A 06:02 17.10.2017
Technical levels: support – 1.1770, 1.1730; resistance – 1.1825.
Trade recommendations:
Buy — 1.1730; SL — 1.1710; TP1 — 1.1800; TP2 – 1.1825
Reason: bearish Ichimoku Cloud wit falling Senkou Span A; a new weak dead cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices are breakdown the Kijun’s support and going to bottom border of a Cloud.
More:
https://fbs.com/analytics/articles/eur-usd-euro-returned-to-senkou-span-a-4434
GBP/USD: POUND SUPPORTED BY KIJUN-SEN 06:03 17.10.2017
Technical levels: support – 1.3230; resistance – 1.3340.
Trade recommendations:
Buy — 1.3230; SL — 1.3210; TP1 — 1.3340; TP2 — 1.3375.
Reason: bearish Ichimoku Cloud with horizontal Senkou Span A and B; a new golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices are returned to Kijun-sen in a correctional movement.
More:
https://fbs.com/analytics/articles/gbp-usd-pound-supported-by-kijun-sen-4435
XAU/USD: GOLD IS FALLING INTO ABYSS 07:14 17.10.2017
Recommendation:
SELL $1267
SL 1282
TP1 $1237 TP2 $1222 TP3 $1212
On the daily chart, the inability of bulls to overcome resistance at $1299-1302 an ounce points at their weakness. If sellers manage to trigger AB=CD, risks of continuation towards the 200% target will significantly increase.
On H1, gold is correcting as the “Shark” pattern is transforming into 5-0. If bears want to return the quotes to support levels at 78.6% and 88.6% and conquer them, the continuation of the downtrend will become a reality.
More:
https://fbs.com/analytics/articles/xau-usd-gold-is-falling-into-abyss-4436
USD/CAD: BULLS ARE READY FOR NEW HIGHS 07:45 17.10.2017
Recommendation:
BUY 1.256
SL 1.2505
TP1 1.2715 TP2 1.292 TP3 1.324
On the daily chart, bulls are trying to restore the short-term uptrend. They managed to defend their fortress near 1.2460. Now buyers are counting on growth towards 88.6% target of the inverted “Shark” pattern.
On H1, USD/CAD formed a “Spike and ledge” pattern. The pair’s trading within the consolidation range of a ledge (1.2435-1.2560). A break of its upper border will strengthen the case for the uptrend to resume.
More:
https://fbs.com/analytics/articles/usd-cad-bulls-are-ready-for-new-highs-4437
EUR/USD: "DOUBLE TOP" PATTERN 09:14 17.10.2017
The last "Double Top" pattern led to the current decline. The main intraday target is the nearest support at 1.1745 - 1.1719. If we see a pullback from this area, there'll be an opportunity to have an upward price movement towards the closest resistance at 1.1822 - 1.1837.
There's a "Double Top" pattern, which has been formed under the Moving Averages. In this case, the market is likely going to test the next support at 1.1761 - 1.1738. If a pullback from these levels happens little later on, we could have an upward correction in the direction of the 34 Moving Average.
More:
https://fbs.com/analytics/articles/eur-usd-double-top-pattern-4441
GBP/USD: DEVELOPING "PENNANT" PATTERN 09:15 17.10.2017
We've got a local "V-Top", so the price is consolidating. Also, there's a possible "Pennant" pattern, so the pair is likely going to test another support at 1.3221 - 1.3150. Meanwhile, if we have a pullback from these levels, there'll be an opportunity to have a bullish price movement towards the closest resistance at 1.3342 - 1.3400.
The price is still consolidating. Also, there's a possible developing "Pennant" pattern. Therefore, bears are likely going to test the nearest support at 1.3221 - 1.3202. If a pullback from this area happens, we should keep an eye on the nearest resistance at 1.3290 - 1.3342 as an intraday target.
More:
https://fbs.com/analytics/articles/gbp-usd-developing-pennant-pattern-4442
EUR/USD: DEVELOPING WAVE [II] 10:50 17.10.2017
The price is still declining, which means we should keep an eye on 0/8 MM Level as the nearest bearish target. If a pullback from this level happens, there'll be an opportunity to have another upward impulse in wave [iii].
There's a developing wave [ii], which hasn't been finished yet, so an impulse in wave (c) is likely going to be continued. The main intraday target is 0/8 MM Level, which could be a departure point for wave (i) of [iii].
More:
https://fbs.com/analytics/articles/eur-usd-developing-wave-ii-4443
USD/JPY: CONFIRMED BULLISH "HAMMER" 13:52 17.10.2017
The 89 Moving Average has acted as support, so we've got a "Hammer" and a "Tweezer" patterns. So, bulls are likely going to test the nearest "Window" in the short term.
The last bullish "Hammer" has been confirmed. However, there's a pullback from the Moving Averages, so we could have a local correction during the day. Nevertheless, bulls will probably try to deliver a new local high afterwards.
More:
https://fbs.com/analytics/articles/usd-jpy-confirmed-bullish-hammer-4446
EUR/USD: "WINDOW" GOING TO ACT AS SUPPORT 13:54 17.10.2017
The last bearish "Three Black Crows" led to the current decline. At the same time, there isn't any bullish pattern so far. In this case, the market is likely going to continue declining in the direction of the nearest support.
The lower "Window" is likely going to act as support. If a pullback from this level happens, we could have an upward correction towards the Moving Averages.
More:
https://fbs.com/analytics/articles/eur-usd-window-going-to-act-as-support-4447
AUD/USD: AUSSIE SUPPORTED BY KIJUN-SEN 05:19 18.10.2017
Technical levels: support – 0.7830; resistance – 0.7915, 0.7955
Trade recommendations:
Buy — 0.7830; SL — 0.7810; TP1 — 0.7915; TP2 — 0.7955.
Reason: narrowing bearish Ichimoku Cloud, rising Senkou Span A; a cancelled golden cross of Tenkan-sen and Kijun-sen, but rising Kijun-sen; the prices are on the strong support of Kijun-sen and the market is left the local overbought area.
More:
https://fbs.com/analytics/articles/aud-usd-aussie-supported-by-kijun-sen-4457
USD/JPY: BULLS TESTED SSA’S RESISTANCE 05:21 18.10.2017
Technical levels: support – 112.00; resistance – 112.40, 112.90.
Trade recommendations:
Buy — 112.20; SL — 112.00; TP1 — 112.90; TP2 — 113.40.
Reason: narrowing 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 supported by Tenkan-sen and Kijun-sen and will going to positive area.
More:
https://fbs.com/analytics/articles/usd-jpy-bulls-tested-ssa%E2%80%99s-resistance-4458
EUR/USD: PRICE GOING TO REACH NEXT SUPPORT 06:53 18.10.2017
The price is still declining but bears faced with support at 1.1735, so there's a local consolidation. Nevertheless, the market is likely going to reach the next support at 1.1719 in the short term. If a pullback from this level happens, we could have an upward correction towards the nearest resistance at 1.1793 - 1.1822.
The price is consolidating between the levels 1.1779 - 1.1761. It's likely that bulls are going to test the closest resistance at 1.1793, which could be a departure point for a decline in the direction of another support at 1.1735 - 1.1719.
More:
https://fbs.com/analytics/articles/eur-usd-price-going-to-reach-next-support-4461
GBP/USD: BEARISH "PENNANT" PATTERN 06:56 18.10.2017
There's a "Triple Top", so the price is consolidating. The main intraday target is the nearest support area at 1.3120 - 1.3081. Therefore, if a pullback from these levels happens little later on, there'll be an opportunity to have another bullish price movement towards the closest resistance at 1.3221 - 1.3290.
There's a consolidation, which is taking place between the levels 1.3150 - 1.3202. Also, we've got a bearish "Pennant" pattern, so the pair is likely going to achieve the next support at 1.3120 - 1.3077. If a pullback from this area happens, bulls will probably try to reach the nearest resistance at 1.3150.
More:
https://fbs.com/analytics/articles/gbp-usd-bearish-pennant-pattern-4462
USD/CHF: FRANC IS DREAMING ABOUT A WEDGE 07:15 18.10.2017
Recommendation:
BUY 0.9805
SL 0.975
TP1 0.9875 TP2 0.9985
On the daily chart, USD/CHF keeps forming the reversal “Dragon” pattern. The main task of the bulls is to bring the quotes outside of the downtrend channel with the following test of resistance at 0.9830.
On H1, there's a “Spike and ledge” pattern. A successful test of the upper border of the 0.9715-0.9805 consolidation range (“ledge”) will increase the odds of the downtrend’s resumption. On the other hand, a break of support at 0.9715 will trigger the reversal “Widening wedge” pattern.
More:
https://fbs.com/analytics/articles/usd-chf-franc-is-dreaming-about-a-wedge-4463
GBP/USD IS BEING HUNTED 07:38 18.10.2017
Recommendation:
SELL 1.3155
SL 1.321
TP1 1.305 TP2 1.3 TP3 1.27
On the daily chart, GBP/USD keeps forming “Three Indians” pattern. Inability of the bulls to hold the pair above 1.3340 and 1.3265 is an indication of their weakness. Bears are ready for a new attack. In case of break below support at 1.3175 the risks of triggering AB=CD pattern with 200% target will increase.
On H1, if GBP/USD goes beyond the downtrend channel for the second time with the following test of support at 1.3155 will create ground for reaching 88.6% and 113% targets of the “Shark” pattern.
More:
https://fbs.com/analytics/articles/gbp-usd-is-being-hunted-4465
USD/JPY: BULLISH "HAMMER" 13:26 18.10.2017
The 55 Moving Average acted as support and we've got a "Three Methods" pattern, so the price is rising. It's likely that the pair is going to test the next resistance in the short term.
There's a bullish "Hammer", which has been formed at the last local low. The price reached the upper "Window", but there isn't any reversal pattern so far. In this case, the price is likely going to climb even higher in the coming hours.
More:
https://fbs.com/analytics/articles/usd-jpy--bullish-hammer-4475
EUR/USD: "WINDOW" ACTED AS SUPPORT 13:29 18.10.2017
The price is consolidating, but bulls are likely going to test the 34 Moving Average in the short term. If a pullback from this line happens, we could have a decline towards the nearest support.
The lower "Window" has acted as support, so we should keep an eye on the Moving Averages as an intraday target. These lines could be a departure point for just another decline.
More:
https://fbs.com/analytics/articles/eur-usd-window-acted-as-support-4476
EUR/USD: 1/8 MM LEVEL ACTED AS SUPPORT AGAIN 13:56 18.10.2017
Wave [ii] may have been formed, so there's an opportunity to have an upward impulse in wave [iii]. Previously we had a zigzag in wave 4. The main intraday target is 6/8 MM Level.
1/8 MM Level acted as support one more time, so there's a developing bullish impulse, which could be wave (i). In this case, the price is likely going to test 3/8 MM Level in the coming hours.
More:
https://fbs.com/analytics/articles/eur-usd-1-8-mm-level-acted-as-support-again-4478
EUR/USD: EURO REACHED SSA AND KIJUN’S RESISTANCE 06:14 19.10.2017
Technical levels: support – 1.1770, 1.1730; resistance – 1.1825.
Trade recommendations:
Sell — 1.1790; SL — 1.1810; TP1 — 1.1730; TP2 – 1.1700
Reason: bearish Ichimoku Cloud, but horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices are returned to the Senkou Span A and Kijun’s resistance and may continue the downtrend.
More:
https://fbs.com/analytics/articles/eur-usd-euro-reached-ssa-and-kijun%E2%80%99s-resistance-4493
GBP/USD: POUND IS UNDER SSA YET 06:15 19.10.2017
Technical levels: support – 1.3130; resistance – 1.3200, 1.3240.
Trade recommendations:
Sell — 1.3200; SL — 1.3220; TP1 — 1.3130; TP2 — 1.310.
Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A; a new dead cross of Tenkan-sen and Kijun-sen, falling Tenkan-sen; the prices are growing up along Senkou Span A and reached the resistance of Tenkan-sen and Kijun-sen.
More:
https://fbs.com/analytics/articles/gbp-usd-pound-is-under-ssa-yet-4494
EUR/JPY: EURO SAYS “BYE” TO CONSOLIDATION 07:00 19.10.2017
Recommendation:
BUY 133.5
SL 132.95
TP1 135 TP2 136.1
On the daily chart, EUR/JPY is consolidating in the 131.65-133.50 range within the “Spike and ledge” pattern. The trend is bullish, so it’s necessary to prefer buying. A break of resistance at 133.50 will increase the risks of triggering junior and senior AB=CD pattern.
On H1, EUR/JPY formed a widening wedge. The pair’s return to 78.6-88.6% of the wave 4-5 points at bulls’ strength. To continue the rally a successful test of resistance at 133.50 is necessary.
More:
https://fbs.com/analytics/articles/eur-jpy-euro-says-bye%E2%80%9D-to-consolidation-4495
USD/JPY: BULLS HAVE AWAKENED 07:08 19.10.2017
Recommendation:
BUY 113.25
SL 112.7
TP1 114.3 TP2 115.35
On the daily chart, the inability of bulls to hold quotes within the long-term channel points at their weakness. Bulls counterattacked and want to reach 88.6% and 113% of the inverted “Shark” pattern.
On H1, USD/JPY formed a “Widening wedge”. A break of 78.6% of the wave 4-5 means that bulls are serious. A successful test of resistance at 113.25 will become a signal for opening longs.
More:
https://fbs.com/analytics/articles/usd-jpy-bulls-have-awakened-4496
EUR/USD: BULLISH "DOUBLE BOTTOM" 11:58 19.10.2017
There's a bullish "Double Bottom", so the price is consolidating under the 89 Moving Average. The main intraday target is the nearest resistance area at 1.1822 - 1.1875, which could be a departure point for a bearish correction.
The price is consolidating between the levels 1.1819 - 1.1793. If a pullback from the 89 MA happens, there'll be an opportunity to have an upward price movement towards the next resistance at 1.1848 - 1.1860.
More:
https://fbs.com/analytics/articles/eur-usd-bullish-double-bottom-4505
GBP/USD: LOCAL "V-TOP" PATTERN 12:01 19.10.2017
The last "Double Bottom" pushed the price to the nearest resistance at 1.3221. However, there's a local "V-Top", so bears are likely going to test the closest support at 1.3150 in the short term.
We've got a "Double Top", so the market is likely going to test the next support at 1.3169 - 1.3144 during the day. If a pullback from these levels happens, we could have a decline towards the closest resistance at 1.3240 - 1.3256.
More:
https://fbs.com/analytics/articles/gbp-usd-local-v-top-pattern-4506
EUR/USD: WAVE (II) FINISHED ON 2/8 MM LEVEL 12:04 19.10.2017
The price fixated above 1/8 MM Level, so wave [ii] may have been formed. Therefore, we're likely going to have another upward impulse in wave [iii]. The main intraday target is 6/8 MM Level.
1/8 MM Level has acted as support twice, so the price is rising. Wave (ii) was finished on 2/8 MM Level just a few hours ago. So, bulls are likely going to test 7/8 MM level in the coming hours.
More:
https://fbs.com/analytics/articles/eur-usd--wave-ii-finished-on-2-8-mm-level-4507
USD/JPY: "THREE METHODS" PATTERN 12:07 19.10.2017
We've got a bearish "Doji", so the price is declining. The main intraday target is 55 Moving Average. If a pullback from this line happens, we could have just another bullish price movement.
There's a "Three Methods" pattern, but also the 55 MA acted as support, so we could have a local upward correction in the short term. If any bearish pattern arrives little later on, we should keep an eye on the lower "Window" as an intraday target.
More:
https://fbs.com/analytics/articles/usd-jpy-three-methods-pattern-4508
EUR/USD: BULLISH "ENGULFING" 12:10 19.10.2017
There's a bullish "Engulfing", which has been confirmed. At the same time, we've got a "Three Methods" pattern, so the market is likely going to continue moving up towards the next resistance area.
The last "Three Methods" pattern pushed the price higher, so the price fixated above the "Window". We could have just a local bearish correction in the short term. Nevertheless, bulls will probably try to deliver new highs soon.
More:
https://fbs.com/analytics/articles/eur-usd-bullish-engulfing-4509
EUR/USD: BULLS SHOWED WEAKNESS 08:03 20.10.2017
Recommendation:
SELL 1.1750 SL 1.1805 TP 1.1615
BUY 1.1860 SL 1.1805 TP 1.1950
On the daily chart, EUR/USD keeps forming 5-0. Pullbacks to 50% and 38.2% of the wave CD are usually used for selling. The inability of bulls to lead the pair outside of the downtrend channel points at their weakness.
On H1, a break below diagonal support at 1.1750 will open the way down to 127.2% of the ideal butterfly pattern. On the other hand, successful test of the local high at 1.1860 will mean the continuation of the “widening wedge”.
More:
https://fbs.com/analytics/articles/eur-usd-bulls-showed-weakness-4524
EUR/GBP: EURO IS WORKING WITH A DRAGON 08:46 20.10.2017
Recommendation:
BUY 0.896
SL 0.8905
TP1 0.9085 TP2 0.9145
On the daily chart, EUR/GBP recoil from the upper border of the downtrend allowed bulls to counterattack and form the reversal patter 5-0. Its 88.6% target is reached, and the level of 113% is near. The euro will likely continue its way up towards 161.8% target of AB=CD.
On H1, EUR/GBP formed a “Dragon” pattern. Pullbacks towards 0.8982-0.8985 and 0.8958-0.8965 will signify formation of the dragon’s head and will be a signal for buying.
More:
https://fbs.com/analytics/articles/eur-gbp-euro-is-working-with-a-dragon-4527
EUR/USD: "V-TOP" PATTERN 13:54 20.10.2017
There's a "V-Top" pattern, so the price reached the Moving Averages. It's likely that the market is going to reach the nearest support area at 1.1772 - 1.1757 in the short term. If a pullback from these levels happens little later on, we could have another upward price movement.
We've got a "Triple Top", so the price is consolidating. The main intraday target is the closest resistance at 1.1819 - 1.1831. If a pullback from these levels happens, we could have a decline in the direction of the next support at 1.1780 - 1.1767.
More:
https://fbs.com/analytics/articles/eur-usd-v-top-pattern-4531
GBP/USD: BEARS GOING TO TEST NEAREST SUPPORT 13:57 20.10.2017
The price is consolidating between the levels 1.3221 - 1.3150. It's likely that bears are going to achieve the nearest support at 1.3081 in the short term. If we see a pullback from this level, there'll be an opportunity to have a bullish price movement towards another resistance at 1.3081 - 1.3120.
Bears faced with support at 1.3077, so there's a "Thorn" pattern. In this case, the pair is likely going to test the closest resistance at 1.3120 - 1.3150 during the day. Meanwhile, if a pullback from this area arrives afterwards, we could have just another decline.
More:
https://fbs.com/analytics/articles/gbp-usd-bears-going-to-test-nearest-support-4533
EUR/USD: BEARISH "THREE METHODS" PATTERN 14:00 20.10.2017
There are bearish patterns such a "Tweezers" and a "Doji", which both have been confirmed enough. The 21 & 34 Moving Averages are acting as support. Nevertheless, the market is likely going to continue moving down in the short term.
We've got a bearish "Three Methods" pattern, but the price faced support on the Moving Averages. Therefore, we could have just a local upward correction and another decline afterwards.
More:
https://fbs.com/analytics/articles/eur-usd-bearish-three-methods-pattern-4535
USD/JPY: "SHOOTING STAR" PATTERN 14:02 20.10.2017
There's a "High Wave" pattern, which has been formed at the local high. So, there's an opportunity to have a downward correcting in the coming hours. However, if we see a pullback from the nearest support level, bulls will probably try to deliver a new local high.
We've got a "Shooting Star" pattern, which has been confirmed. Therefore, the pair is likely going to test the lower "Window" during the day. If a pullback from this level happens, there'll be an option to have another bullish price movement.
More:
https://fbs.com/analytics/articles/usd-jpy-shooting-star-pattern-4536
EUR/USD: WAVE [III] STARTED 14:05 20.10.2017
It seems like wave [iii] has been started, so we could have another bullish impulse in the short term. The main intraday target is 6/8 MM Level.
The price couldn't fixate above 4/8 MM Level, so wave (i) has been ended. If a pullback from 2/8 MM Level happens little later on, there'll be time for wave (iii) of [iii].
More:
https://fbs.com/analytics/articles/eur-usd-wave-iii-started-4538
EUR/USD: DOUBLE ZIGZAG IN WAVE [II] 06:16 23.10.2017
The price is likely going to test 0/8 MM Level in the coming hours. If we have a pullback from this level, wave [ii] likely will be ended. In this case, there'll be an opportunity to have another upward impulse in wave [iii].
It seems like wave [ii] is taking the form of a double zigzag on the one-hour chart. So, bears are likely going to test 0/8 MM Level, which could be a departure point for wave (i). In this case, the low of wave (w) will be broken in the coming hours.
More:
https://fbs.com/analytics/articles/eur-usd-double-zigzag-in-wave-ii-4559
AUD/USD: AUSSIE ENTERED INTO NEGATIVE AREA 06:18 23.10.2017
Technical levels: support – 0.7770; resistance – 0.7840
Trade recommendations:
Sell — 0.7840; SL — 0.7860; TP1 — 0.7770; TP2 — 0.7730.
Reason: narrow bearish Ichimoku Cloud, falling Senkou Span A and B; a cancelled golden cross of Tenkan-sen and Kijun-sen, falling Tenkan-sen and Kijun-sen; the prices are in the negative area under the pressure of a Cloud.
More:
https://fbs.com/analytics/articles/aud-usd-aussie-entered-into-negative-area-4560
USD/JPY: DOLLAR REACHED 114.00 06:19 23.10.2017
Technical levels: support – 113.40; resistance – 114.00.
Trade recommendations:
Buy — 113.40; SL — 113.20; TP1 — 114.00; TP2 — 114.40.
Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with rising Kijun-sen; the prices are tested the resistance of 114.00 and may going higher.
More:
https://fbs.com/analytics/articles/usd-jpy-dollar-reached-11400-4561
NZD/USD: WILL KIWI CATCH THE WAVE 07:11 23.10.2017
Recommendation:
BUY 0.709
SL 0.7035
TP 0.7235
On the daily chart, bears managed to lead the pair to the lower border of the long-term uptrend. A successful test of diagonal support will increase the possibility of a break in an uptrend and formation of the “Crab” pattern.
On H1, the return of the pair to the top of the previous short-term consolidation will create grounds for the reversal “Wolfe waves” pattern.
More:
https://fbs.com/analytics/articles/nzd-usd-will-kiwi-catch-the-wave-4564
AUD/USD: BEARS STOPPED SLEEPING 07:22 23.10.2017
Recommendation:
SELL 0.78 SL 0.7855 TP1 0.769 TP2 0.76
BUY 0.7885 SL 0.7835 TP 0.8
On the daily chart, AUD/USD keeps trading within “Shark” and “Crab” patterns. After a pullback to 38.2% of the last descending wave, bears try to restore the downtrend. In order to do this, they need to settle above 0.7816. On the other hand, the return of the pair to the short-term downtrend channel will return the initiative to bulls.
On H1, a break of diagonal support in form of the lower border of the uptrend channel will strengthen the odds of the pair’s reaching the interim targets at 88.6% and 127.2% of the “Crab” pattern.
More:
https://fbs.com/analytics/articles/aud-usd-bears-stopped-sleeping-4565
EUR/USD: "V-TOP" PATTERN LED TO DECLINE 11:49 23.10.2017
There's a "V-Top" pattern, so the price reached the nearest support at 1.1757. Moreover, the market is likely going to continue moving down, so we should keep an eye on the next support at 1.1729 - 1.1719 as an intraday bearish target. If a pullback from this area happens little later on, there'll be an opportunity to have an upward correction towards the closest resistance at 1.1793 - 1.1822.
All the Moving Averages have been broken, so the price is declining. The main bearish target is the next support at 1.1729 - 1.1719. This area could be a departure point for a bullish price movement in the direction of the nearest resistance at 1.1767 - 1.1780.
More:
https://fbs.com/analytics/articles/eur-usd-v-top-pattern-led-to-decline-4569
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