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GBP/USD: PRICE REACHED DOWNWARD CHANNEL 11:53 23.10.2017
We've got a "V-Bottom", so the price is rising. The main intraday target is the nearest resistance area at 1.3227 - 1.3258. If a pullback from this area happens, we could have a decline towards the closest support at 1.3150 - 1.3120.
The last bullish "Pennant" has been broken, but the price reached the local downward channel. So, we could have an intraday correction towards the Moving Averages, which could be a departure point for another bullish rally.
More:
https://fbs.com/analytics/articles/gbp-usd-price-reached-downward-channel-4570
EUR/USD: "TWEEZERS" AND "DOJI" PATTERNS 12:01 23.10.2017
The last bearish "Tweezers" and "Doji" patterns led to the current decline. Also, the price fixated under the Moving Averages. There's no any reversal pattern so far, so the market is likely going to continue falling down.
We've got bullish patterns such a "Tweezers" and a "Harami" at the last low, but they both remain unconfirmed. So, we could have just a local upward correction and another decline afterwards.
More:
https://fbs.com/analytics/articles/eur-usd-tweezers-and-doji-patterns-4571
USD/JPY: "WINDOW" REMAINS OPEN 12:04 23.10.2017
There's a bearish "High Wave", which hasn't been confirmed yet. Also, we've got a new "Window". In this case, the market is likely going to continue moving up in the short term towards the nearest resistance level.
We've got a bearish "Engulfing" pattern, but the "Window" remains open. Therefore, the last high is likely going to be broken in the coming hours.
More:
https://fbs.com/analytics/articles/usd-jpy-window-remains-open-4572
EUR/USD: EURO TESTED TENKAN’S RESISTANCE 05:43 24.10.2017
Technical levels: support – 1.1730; resistance – 1.1770.
Trade recommendations:
Sell — 1.1750; SL — 1.1870; TP1 — 1.1700; TP2 – 1.1680
Reason: narrow bullish Ichimoku Cloud, but horizontal Senkou Span B; a new dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen; the prices are returned to Tenkan’s resistance and may continue the downtrend.
More:
https://fbs.com/analytics/articles/eur-usd-euro-tested-tenkan%E2%80%99s-resistance-4588
GBP/USD: POUND REACHED SENKOU SPAN A 05:44 24.10.2017
Technical levels: support – 1.3150; resistance – 1.3240.
Trade recommendations:
Sell — 1.3200; SL — 1.3220; TP1 — 1.3130; TP2 — 1.3100.
Reason: bearish Ichimoku Cloud, but rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen; the prices are growing up to Senkou Span A, but there is a strong resistance.
More:
https://fbs.com/analytics/articles/gbp-usd-pound-reached-senkou-span-a-4589
EUR/USD: "V-BOTTOM" PATTERN 07:16 24.10.2017
There's a "V-Bottom" pattern, which pushed the price to the nearest resistance at 1.1772. Meanwhile, the market is likely going to continue moving up towards the next resistance at 1.1822 - 1.1857. If a pullback from this area happens little later on, there'll be an opportunity to have a decline towards the closest support at 1.1719 - 1.1695.
Bears faced with support at 1.1729, so there's a "Thorn" pattern. The main intraday target is the next resistance at 1.1810 - 1.1820. At the same time, bears are likely going to deliver a local downward correction in the coming hours.
More:
https://fbs.com/analytics/articles/eur-usd-v-bottom-pattern-4592
GBP/USD: MOVING AVERAGES ACTED AS RESISTANCE 07:19 24.10.2017
The Moving Averages have acted as resistance, so the price is consolidating. Nevertheless, the market is likely going to reach another resistance at 1.3290 - 1.3336 in the short term. If a pullback from this area happens, we could have a decline.
The last "Double Bottom" pattern led to the current bullish price movement. However, bulls faced with resistance at 1.3221, so we could have a local bearish correction towards the nearest support at 1.3182 - 1.3169. This area could be a departure point for another upward price movement.
More:
https://fbs.com/analytics/articles/gbp-usd-moving-averages-acted-as-resistance-4593
XAU/USD: BEARS ARE FIRM 07:47 24.10.2017
Recommendation:
SELL $1271 SL $1286 TP1 $1237 TP2 $1212
On the daily chart, bulls are clinging to an important level of $1281 an ounce. Their failure will return the initiative to bears and increase the risks of decline to 78.6% and 200% targets of “Gartley” and AB=CD patterns.
On H1, XAU/USD keeps forming an inverted 5-0 pattern. Pullbacks to 50%, 38.2% and 23.6% of the wave CD are usually used for buying. A decline below support levels at $1271 and $1267 an ounce may be a signal for forming short positions.
More:
https://fbs.com/analytics/articles/xau-usd-bears-are-firm-4595
USD/CAD: BULLS TOOK A PAUSE 07:54 24.10.2017
Recommendation:
BUY 1.2595
SL 1.2540
TP1 1.2790 TP2 1.3240
On the daily chart, bulls manage to stay above support at 1.2460 and renew October low. As a result, the odds of the pair reaching 88.6% target of the inverted “Shark” pattern increased. It’s situated near 1.3240.
On H1, USD/CAD broke above the upper border of the 1.2440-1.2555 consolidation range. This allowed bulls to form long positions. To continue the rally towards 224% target of AB=CD pattern, bulls need to keep the pair outside of the triangle.
More:
https://fbs.com/analytics/articles/usd-cad-bulls-took-a-pause-4596
EUR/USD: BULLISH "HARAMI" 13:13 24.10.2017
There are bullish patterns such a "Hammer" and an "Inverted Hammer", which both have been confirmed enough. So, the 55 Moving Average is likely going to act as resistance soon. If a pullback from this line happens, we could have another decline.
The last bullish "Harami" led to the current upward correction. Meanwhile, if a pullback from the 34 Moving Average happens little later on, there'll be an opportunity to have a local bearish correction towards the nearest "Window".
More:
https://fbs.com/analytics/articles/eur-usd-bullish-harami-4601
USD/JPY: NO ANY BEARISH PATTERN SO FAR 13:15 24.10.2017
We've got a bullish "Hammer", which has been formed at the local low. Considering confirmation of this pattern, the market is likely going to reach the nearest resistance level. In this case, the last local high could be broken soon.
There's a bullish "Tweezers", which has been formed at the local low. Also, there's no any bearish pattern so far. So, the pair is likely going to continue moving up during the day.
More:
https://fbs.com/analytics/articles/usd-jpy-no-any-bearish-pattern-so-far-4602
EUR/USD: EURO READY TO GOING LOWER 05:39 25.10.2017
Technical levels: support – 1.1730; resistance – 1.1770.
Trade recommendations:
Sell — 1.1750; SL — 1.1870; TP1 — 1.1700; TP2 – 1.1680
Reason: narrow bearish Ichimoku Cloud, but horizontal Senkou Span A and B; a strong dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen; the prices are tested the Cloud’s resistance and ready to continue a downtrend.
More:
https://fbs.com/analytics/articles/eur-usd-euro-ready-to-going-lower-4614
GBP/USD: POUND RETURNED TO MINIMUMS OF LAST WEEK 05:40 25.10.2017
Technical levels: support – 1.3100; resistance – 1.3150.
Trade recommendations:
Sell — 1.3150; SL — 1.3170; TP1 — 1.3100; TP2 — 1.3075.
Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a weak golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices are in negative area, below the Kijun-sen.
More:
https://fbs.com/analytics/articles/gbp-usd-pound-returned-to-minimums-of-last-week-4615
USD/CHF: BULLS BROKE FREE 06:33 25.10.2017
Recommendation:
BUY 0.9880
SL 0.9825
TP1 0.998 TP2 1.004
On the daily chart, USD/CHF completely formed the “Dragon” pattern. After it renewed the “Dragon's head” and quitted the descending trade channel, we are certain that bulls have the initiative. They unfolded the long-term trend and are ready to continue the rally at least until 224% target of AB=CD.
On H1, USD/CHF is forming «Spike and reversal with acceleration”. As long as it’s staying above 0.9770-0.9800, bulls will remain control.
More:
https://fbs.com/analytics/articles/usd-chf-bulls-broke-free-4617
GBP/USD: BEARS WANT TO CONTINUE THE FEAST 06:45 25.10.2017
Recommendation:
SELL 1.3100
SL 1.3155
TP1 1.3 TP2 1.271
On the daily chart, inability of bulls to keep GBP/USD above 1.3175 points at their weakness. Bears are regaining the initiative and are ready to attack the lower border of the uptrend channel and trigger AB=CD pattern with the target at 200%.
On H1, the formation of the “Widening wedge” will allow expecting the pair to reach 113% target of a “Shark” pattern. To do this bears need a successful test of support levels at 78.6% and 88.6% of the wave 4-5.
More:
https://fbs.com/analytics/articles/gbp-usd-bears-want-to-continue-the-feast-4618
EUR/USD: "THORN" PATTERN 08:02 25.10.2017
There's a "Thorn" pattern, so the price is consolidating. The main intraday target is the nearest support at 1.1729 - 1.1719. If we have a pullback from this area, there'll be an opportunity to have an upward price movement towards the nearest resistance at 1.1793 - 1.1822.
Bears faced with support at 1.1757, but there's also resistance by the 34 Moving Average. If a pullback from this line happens, the market is likely going to test the next support at 1.1724 - 1.1719. This area could be a departure point for another bullish price movement towards a resistance at 1.1780 - 1.1793.
More:
https://fbs.com/analytics/articles/eur-usd-thorn-pattern-4621
GBP/USD: BEARISH "PENNANT" 08:05 25.10.2017
The Moving Averages have acted as resistance, so there's a "Double Top" pattern, which led to the current consolidation. It's likely that the pair is going to achieve the closest support at 1.3081 - 1.3026 during the day. If a pullback from these levels happens little later on, we could have a bullish price movement towards the next resistance at 1.3227 - 1.3258.
There's a bearish "Pennant", so the price is likely going to reach the nearest support at 1.3080 - 1.3073 during the day. If we have a pullback from this area, we should keep an eye on the next resistance at 1.3150 - 1.3169 as an intraday target.
More:
https://fbs.com/analytics/articles/gbp-usd-bearish-pennant-4622
EUR/USD: 21 & 34 MA ACTING AS RESISTANCE 12:22 25.10.2017
The 21 & 34 Moving Averages are acting as resistance, but there's still no any reversal pattern so far. If a pullback from these lines happens little later on, there'll be an opportunity to have another decline.
Bulls have reached the 89 Moving Average, so the pair is consolidating. If the 34 MA acts as support, we could have a local upward price movement. The main intraday target is the upper "Window".
More:
https://fbs.com/analytics/articles/eur-usd-21---34-ma-acting-as-resistance-4634
USD/JPY: BULLISH "THREE METHODS" PATTERN 12:25 25.10.2017
There's a bullish "Three Methods" pattern, which has been confirmed enough. So, the market is likely going to continue moving up in the short term. If any bearish pattern forms afterwards, there'll be an option to have a decline in the direction of the nearest support.
The lower "Window" has acted as support, but there's a bearish "Harami", which has been formed at the last local high. In this case, bears are likely going to test the closest support level, which could be a departure point for another upward price movement.
More:
https://fbs.com/analytics/articles/usd-jpy-bullish-three-methods-pattern-4635
EUR/USD: POSSIBLE DOUBLE ZIGZAG IN WAVE [II] 12:41 25.10.2017
Wave [ii] might have been ended, so there's an opportunity to have another upward impulse wave. Previously, an upward impulse in wave [i] was formed. The main target for wave [iii] is 6/8 MM Level.
As we can see on the one-hour chart, there's a possible double zigzag in wave [ii]. 1/8 MM Level acted as support, so bulls are likely going to deliver an extension in wave (iii) of [iii].
More:
https://fbs.com/analytics/articles/eur-usd-possible-double-zigzag-in-wave-ii-4636
EUR/JPY IS GOING NORTH 07:12 26.10.2017
Recommendation:
BUY 133.25 SL 132.7
TP1 134.25 TP2 136
BUY 134.5 SL 133.95 TP 136
On the daily chart, EUR/JPY keeps trading within an uptrend and junior and senior AB=CD. Their 161.8% and 224% targets are near 136. The recent resistance at 133.50 acts as support.
On H1, EUR/JPY formed the “Widening wedge” pattern. A break of the lower border of an uptrend channel and triggering of the “Shark” pattern will increase the risks of correction towards 133.25. On the other hand, renewal of October low will allow bulls to keep pushing the pair higher.
More:
https://fbs.com/analytics/articles/eur-jpy-is-going-north-4652
USD/JPY: SHARKS ARE CHASING THE YEN 07:19 26.10.2017
Recommendation:
BUY 112.5 SL 111.95 TP1 113.5 TP2 114.3 TP3 115.3
BUY 114.25 SL 113.7 TP1 115.3
On the daily chart, USD/JPY reached 88.6% target of the «Shark” pattern. As a result, the risks of correction towards 23.6%, 38.2% and 50% of the wave CD in line with the transformation of the “Shark” into 5-0 have increased. The trend remains bullish, so use the pullbacks for buying.
On H1, USD/JPY is forming “Three Indians” pattern. A break of the lower border of the uptrend channel will trigger the “Shark” and the “Widening wedge” patterns and increase the odds of correction towards 112.50.
More:
https://fbs.com/analytics/articles/usd-jpy-sharks-are-chasing-the-yen-4653
EUR/USD: PRICE GOING TO TEST NEXT SUPPORT 08:59 26.10.2017
All the Moving Averages have been broken, so the price is moving up. The main intraday target is the nearest resistance at 1.1857. If a pullback from this level happens, there'll be an opportunity to have a decline towards the closest support at 1.1772 - 1.1757.
Bulls faced with resistance at 1.1831, so the price is consolidating. It's likely that the market is going to test the next support at 1.1810 during the day. If we have a pullback from this level, bulls will probably try to test another resistance at 1.1848 - 1.1857.
More:
https://fbs.com/analytics/articles/eur-usd-price-going-to-test-next-support-4660
GBP/USD: "DOUBLE BOTTOM" PATTERN 09:02 26.10.2017
There's a "Double Bottom" pattern, so the price is rising. The 34 Moving Average is likely going to act as support in the short term. If a pullback from this line happens little later on, there'll be an option to have a bullish price movement towards the next resistance at 1.3336 - 1.3398.
The last "Pennant" pattern has been transformed into a "Double Bottom", which led to the current bullish rally. Finally, the price found resistance at 1.3286, so we could have a local downward correction during the day. The main target for bears is the closest support at 1.3221 - 1.3200. This area could be a departure point for another upward price movement.
More:
https://fbs.com/analytics/articles/gbp-usd-double-bottom-pattern-4661
EUR/USD: DEVELOPING BULLISH IMPULSE 09:19 26.10.2017
The price has been rising since wave [ii] ended. It's likely that there's a developing bullish impulse, which could be wave [iii]. The main intraday target is 6/8 MM Level.
There are two bullish impulses, which are likely waves (i) and i. So, there's an opportunity to have an extension in wave (iii). In this case, bulls are likely going to deliver wave iii of (iii) in the short term.
More:
https://fbs.com/analytics/articles/eur-usd-developing-bullish-impulse-4662
EUR/USD: BEARISH "HIGH WAVE" 13:22 26.10.2017
There's a "Shooting Star", which has been formed at the local high. So, the price is likely going to continue declining until any bullish pattern arrives.
The last bearish "High Wave" led to the current massive decline, but there's an opportunity to have a local bullish correction in the coming hours. If a pullback from the Moving Averages arrives afterwards, we could have another decline.
More:
https://fbs.com/analytics/articles/eur-usd-bearish-high-wave-4667
USD/JPY: PRICE CONSOLIDATING NEAR "WINDOW" 13:25 26.10.2017
The price is consolidating near the "Window". The 55 Moving Average is likely going to act as support, which could be a departure point for another bullish price movement.
There's a bearish "Engulfing", which has been formed at the local high. So, the market is likely going to test the 89 Moving Average in the coming hours. If a pullback from this line happens afterwards, bulls will probably try to deliver another upward price movement.
More:
https://fbs.com/analytics/articles/usd-jpy-price-consolidating-near-window-4668
GBP/USD: POUND RETURNED TO NEGATIVE AREA 06:05 27.10.2017
Technical levels: support – 1.3100; resistance – 1.3150.
Trade recommendations:
Sell — 1.3160; SL — 1.3180; TP1 — 1.3100; TP2 — 1.3075.
Reason: narrowing bearish Ichimoku Cloud with falling Senkou Span B; a cancelled golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices are in negative area, but on the strong support of 1.3100.
More:
https://fbs.com/analytics/articles/gbp-usd-pound-returned-to-negative-area-4681
AUD/USD: AUSSIE IS OVERSOLD 06:07 27.10.2017
Technical levels: support – 0.7610; resistance – 0.7690
Trade recommendations:
Buy — 0.7610; SL — 0.7590; TP1 — 0.7690; TP2 — 0.7730.
Reason: bearish Ichimoku Cloud, falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen, falling Tenkan-sen and Kijun-sen; but the prices are on the strong daily support.
More:
https://fbs.com/analytics/articles/aud-usd-aussie-is-oversold-4682
EUR/USD WANDERED IN BEARS’ LAIR 06:26 27.10.2017
Recommendation:
SELL 1.167 SL 1.1725 TP1 1.155 TP2 144
SELL 1.1695 SL 1.175 TP1 1.155 TP2 1.144
On the daily chart, EUR/USD formed a 5-0 pattern: after a pullback towards 50% of the wave CD of the “Shark” pattern, the pair declined. Correction towards 200% target of AB=CD will likely continue.
On H1, EUR/USD formed a «Widening wedge” and almost reached 127.2% target of the ideal butterfly pattern. Pullbacks towards 1.1670 and 1.1695 may be used for selling.
More:
https://fbs.com/analytics/articles/eur-usd-wandered-in-bears%E2%80%99-lair-4683
EUR/GBP: BULLS DREAM ABOUT SURFING 06:37 27.10.2017
Recommendations:
BUY 0.8895 SL 0.884 TP1 0.8995 TP2 0.9075
SELL 0.8770 SL 0.8825 TP 0.8670
On the daily chart, the “Shark” pattern is transforming into 5-0. Return to 50% of the wave CD may be a reason for buying. On the other hand, a break of support levels at 78.6% and 88.6% of the wave CD will increase the risks of odds of a decline.
On H1, there are conditions for triggering “Wolfe waves” pattern with the following formation of a “Shark” pattern. At first, bulls need to conquer resistance at 0.8895 (high of the bar which marked the previous low).
More;
https://fbs.com/analytics/articles/eur-gbp-bulls-dream-about-surfing-4684
EUR/USD: "FLAG" PATTERN 09:40 27.10.2017
Bears faced with support at 1.1615, so the price is consolidating. The main intraday target is the next support at 1.1582 - 1.1560. If a pullback from this area happens, there'll be an opportunity to have an upward correction in the direction of the closest resistance at 1.1615 - 1.1668.
There's a "Flag" pattern, so the market is likely going to reach another support at 1.1582 - 1.1560 during the day. However, if we see a pullback from these levels, there'll be time for a bullish correction.
More:
https://fbs.com/analytics/articles/eur-usd-flag-pattern-4687
GBP/USD: "TRIPLE TOP" PATTERN 09:46 27.10.2017
The last bearish "Double Top" led to the current decline. It seems like bears are ready to move on, so we could have a new local low soon. At the same time, there's an opportunity to have an upward correction afterwards. The main bullish target is the nearest resistance at 1.3182 - 1.3227.
The market has plunged because of the last "Triple Top" pattern. The price is likely going to reach the next support at 1.3061 - 1.3047 during the day. If we have a pullback from this area, bulls will probably try to test the closest resistance at 1.3150 - 1.3182.
More:
https://fbs.com/analytics/articles/gbp-usd-triple-top-pattern-4688
EUR/USD: SERIES OF "THREE METHODS" PATTERNS 12:11 27.10.2017
There's a developing bearish "Three Methods". If this pattern confirms, the price is likely going to continue moving down until any bullish model forms.
We've got series of "Three Methods" patterns, so the price is still declining. It's likely that the market is going to test the nearest support area, which could be a departure point for a bullish correction.
More:
https://fbs.com/analytics/articles/eur-usd-series-of-three-methods-patterns-4690
USD/JPY: BULLISH "DOJI" 12:14 27.10.2017
The price reached the nearest resistance, but there isn't any reversal pattern so far. So, bulls are likely going to deliver a new local high. Nevertheless, there's an opportunity to have a downward correction in the short term.
There's a bullish "Doji", which has been formed at the local low. This pattern has confirmation, so we could have another upward price movement. If any bearish pattern arrives little later on, there'll be time for a downward correction.
More:
https://fbs.com/analytics/articles/usd-jpy-bullish-doji-4691
GBP/USD: POUND WILL TEST SSA 06:50 30.10.2017
Technical levels: support – 1.3100; resistance – 1.3150.
Trade recommendations:
Sell — 1.3150; SL — 1.3170; TP1 — 1.3100; TP2 — 1.3075.
Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a new dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen; the prices are under the resistance of Senkou Span A.
More:
https://fbs.com/analytics/articles/gbp-usd-pound-will-test-ssa-4709
USD/JPY: DOLLAR RETURNED TO CLOUD 06:51 30.10.2017
Technical levels: support – 113.40; resistance – 114.40.
Trade recommendations:
Buy — 113.40; SL — 113.20; TP1 — 114.00; TP2 — 114.40.
Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen; the prices are tested the resistance of 114.40 and returned to support of the Cloud.
More:
https://fbs.com/analytics/articles/usd-jpy-dollar-returned-to-cloud-4710
EUR/USD: "V-BOTTOM" PATTERN 06:54 30.10.2017
There's a "V-Bottom" pattern, so the price reached the nearest resistance at 1.1615. Nevertheless, the market is likely going to achieve the next resistance at 1.1668 - 1.1695 in the short term. If a pullback from this area happens, we could have a downward correction towards the closest support at 1.1560 - 1.1533.
The last "V-Bottom" pattern led to the current consolidation. The main intraday target is the nearest support at 1.1582 - 1.1560. 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 1.1668 - 1.1695.
More:
https://fbs.com/analytics/articles/eur-usd-v-bottom-pattern-4711
GBP/USD: 34 MOVING AVERAGE ACTS AS RESISTANCE 06:57 30.10.2017
We've got a "V-Bottom", which pushed the price to the nearest resistance at 1.3150. The 89 Moving Average is likely going to act as resistance in the short term. If we have a pullback from this line, bears will probably try to test the closest support at 1.3120 - 1.3081.
There's a "Double Bottom", which has been confirmed. At the same time, the 34 Moving Average acts as resistance, so bears are likely going to reach the nearest support at 1.3109 - 1.3087 during the day. This area could be a departure point for a bullish price movement towards the next resistance at 1.3182 - 1.3208.
More:
https://fbs.com/analytics/articles/gbp-usd-34-moving-average-acts-as-resistance-4713
EUR/USD: +1/8 MM LEVEL ACTED AS RESISTANCE 07:11 30.10.2017
+1/8 MM Level has acted as resistance, so a bullish impulse in wave (c) might be ended. In this case, there's an opportunity to have bearish wave 3. The main target for the coming days is 6/8 MM Level.
There's a pullback from 2/8 MM Level, so wave (iii) might have been formed. So, we're likely going to have an upward correction, which could be wave (iv). If a pullback from 3/8 MM Level happens little later on, we could have another decline in wave (v) of [iii].
More:
https://fbs.com/analytics/articles/eur-usd-%2b1-8-mm-level-acted-as-resistance-4714
NZD/USD: KIWI CAUGHT A CRAB 07:17 30.10.2017
Recommendation:
BUY 0.689
SL 0.6835
TP 0.699
On the daily chart, NZD/USD broke below the diagonal support and went outside of the uptrend channel. As a result, the odds of reaching 127.2% and 161.8% targets of “Crab” pattern will increase.
On H1, NZD/USD keeps forming the inverted pattern “Spike and reversal with acceleration”. As long as the pair hasn’t risen above 0.7050, bears will keep the situation under control. Formation of the “Head and shoulders” pattern will allow a short-term correction.
More:
https://fbs.com/analytics/articles/nzd-usd-kiwi-caught-a-crab-4715
AUD/USD: AUSSIE CALLED A SHARK 07:39 30.10.2017
Recommendation:
BUY 0.7685
SL 0.7630
TP 0.7775
On the daily chart, AUD/USD reached convergence area of 0.7607-0.7732 (88.6% and 161.8% targets of the “Shark” and “Crab” patterns + 61.8% of the long-term descending wave). This together with the formation of a pin bar will increase the risks of a pullback.
On H1, AUD/USD is forming the inverted “Spike and reversal with acceleration”. As long as the Australian dollar is trading above 0.7810, the situation will be controlled by bears. Triggering of the “Shark” pattern will increase the risks of a pullback to 88.6%.
More:
https://fbs.com/analytics/articles/aud-usd-aussie-called-a-shark-4717
EUR/USD: "INVERTED HAMMER" PATTERN 12:46 30.10.2017
There're bullish patterns such a "High Wave" and an "Engulfing", which both have been formed at the local low. In this case, the market is likely going to test the 34 Moving Average, which could be a departure point for another decline.
We've got an "Inverted Hammer" pattern, but bulls faced with the nearest resistance, so we could have a local bearish correction during the day. Nevertheless, an upward correction is likely going to be continued afterwards.
More:
https://fbs.com/analytics/articles/eur-usd-inverted-hammer-pattern-4721
USD/JPY: 89 MOVING AVERAGE ACTING AS SUPPORT 12:49 30.10.2017
There's a bearish "Engulfing", which has been confirmed, so the price is declining. The main intraday target is the 34 Moving Average, which could be a departure point another bullish rally.
The 89 Moving Average is acting as support, so we've got a "Hammer" and a "Tweezers" on this line. However, confirmation of these patterns is a quite weak. So, we could have a local upward correction and the following decline little later on.
More:
https://fbs.com/analytics/articles/usd-jpy-89-moving-average-acting-as-support-4722
GOLD: BULLS FENDED OFF AN ATTACK 07:08 31.10.2017
Recommendation:
SELL $1264
SL $1279
TP $1237 TP2 $1212
On the daily chart, the first attempt to test support at $1264-1267 an ounce was a failure. Bears want to repeat their attack. Their success will increase the odds of the pair reaching 78.6% and 200% targets of Gartley pattern and AB=CD.
On H1, to resume the downtrend XAU/USD needs to make another test of support at 88.6% of the last descending wave. If bulls manage to keep gold above the upper border of the downtrend channel, the possibility of reaching 88.6% target of the "Shark” pattern will increase.
More:
https://fbs.com/analytics/articles/gold-bulls-fended-off-an-attack-4747
USD/CAD: BULLS REMAIN IN CONTROL 07:21 31.10.2017
Recommendation:
BUY 1.292 SL 1.2865 TP1 1.302 TP2 1.3245
BUY 1.2715 SL 1.266 TP1 1.2815 TP2 1.2915
On the daily chart, USD/CAD keeps forming an inverted “Shark” pattern with a target at 88.6%. To continue the rally bulls, need to renew October low. As long as the pair is trading below 1.2710-1.2715, buyers remain in control of the situation. Pullbacks may be used for buying.
On H1, USD/CAD there’s a “Spike and reversal with acceleration” pattern. To break the uptrend, bears need to lead the pair below 1.26.
More:
https://fbs.com/analytics/articles/usd-cad-bulls-remain-in-control-4748
EUR/USD: "V-BOTTOM" PATTERN 09:24 31.10.2017
There's a "V-Bottom" pattern, so the price is consolidating. It's likely that bulls are going to reach the nearest resistance at 1.1668 - 1.1695 in the short term. If a pullback from this area happens, there'll be an opportunity to have a decline towards the next support at 1.1560 - 1.1533.
The price is consolidating under the 34 Moving Average, so bears are likely going to test the next support at 1.1615 - 1.1601 during the day. Meanwhile, if we see a pullback from these levels, there'll be an option to have an upward price movement in the direction of the 55 Moving Average.
More:
https://fbs.com/analytics/articles/eur-usd-v-bottom-pattern-4751
GBP/USD: BULLISH "FLAG" 09:28 31.10.2017
The Moving Averages are acting as resistance. Nevertheless, the pair is likely going to test the next resistance at 1.3278 - 1.3311 in the short term. If we have a pullback from this area, there'll be an option to have a decline towards the closest support at 1.3227 - 1.3182.
There's a bullish "Flag" pattern, so the market is likely going to test the nearest resistance at 1.3278 - 1.3286 in the coming hours. This area could be a departure point for a bearish correction towards the closest support at 1.3208 - 1.3182.
More:
https://fbs.com/analytics/articles/gbp-usd-bullish-flag-4752
EUR/USD: ZIGZAG IN WAVE (IV) 09:56 31.10.2017
There's a pullback from 2/8 MM Level, so wave (iii) might have been formed. Also, wave (iv) hasn't been finished yet, so we should keep an eye on 3/8 MM Level as an intraday target. If a pullback from this level happens, there'll be an opportunity to have another bearish impulse in wave (v) of [iii].
Wave (iv) is taking the form of a zigzag. 3/8 MM Level has acted as resistance, so we could have wave b during the day. If a pullback from 2/8 MM Level happens little later on, bulls are likely going to deliver wave c of (iv).
More:
https://fbs.com/analytics/articles/eur-usd-zigzag-in-wave-iv-4753
EUR/USD: "TWEEZERS" AND "HARAMI" 12:43 31.10.2017
There's a bearish "Harami", but confirmation of this pattern isn't enough. So, bulls are likely going to test the 34 Moving Average, which could be a departure point for another decline.
The 34 Moving Average is acting as resistance, so we've got a "Tweezers" and a "Harami" on this line. In this case, we could have a local decline during the day. Nevertheless, bulls will probably try to resume an upward correction afterwards.
More:
https://fbs.com/analytics/articles/eur-usd-tweezers-and-harami-4758
USD/JPY: "WINDOW" GOING TO ACT AS RESISTANCE 12:48 31.10.2017
The 55 Moving Average has acted as support, so there are a "Hammer" and a "Doji" patterns on this line. So, the upper "Window" is likely going to act as resistance in the short term. If a pullback from this level happens little later on, there'll be an opportunity to have just another decline.
The price has been rising since an "Inverted Hammer" formed at the local low. So, bulls are likely going to reach the next "Window" in the coming hours. If a pullback from this level arrives, bears will try to deliver a downward price movement in the direction of the lower "Window".
More:
https://fbs.com/analytics/articles/usd-jpy-window-going-to-act-as-resistance-4759
EUR/USD: 34 MA ACTED AS RESISTANCE 06:33 01.11.2017
The price is consolidating between the levels 1.1668 - 1.1615. The main intraday target is the nearest resistance at 1.1695. If a pullback from this level happens, there'll be an opportunity to have a decline towards the closest support at 1.1582 - 1.1560.
The 34 Moving Average has acted as resistance, so bears are likely going to test the nearest support at 1.1615 - 1.1601. This area could be a departure point for another bullish price movement in the direction of the 89 Moving Average.
More:
https://fbs.com/analytics/articles/eur-usd-34-ma-acted-as-resistance-4775
GBP/USD: "DOUBLE TOP" PATTERN 06:35 01.11.2017
All the Moving Averages have been broken, but bulls faced with resistance at 1.3311, so the price is consolidating. In this case, the 89 Moving Average is likely going to act as support. If so, there'll be an opportunity to have another upward price movement towards another resistance at 1.3336 - 1.3370.
There's a "Double Top" pattern, so the pair is likely going to get support on the 34 Moving Average during the day. If a pullback from this line happens little later on, bulls will probably try to reach the next resistance area at 1.3311 - 1.3336.
More:
https://fbs.com/analytics/articles/gbp-usd-double-top-pattern-4776
EUR/USD: EURO IN CONSOLIDATION ON TENKAN-SEN 07:00 01.11.2017
Technical levels: support – 1.1630; resistance – 1.1670.
Trade recommendations:
Sell — 1.1670; SL — 1.1690; TP1 — 1.1600; TP2 – 1.1580
Reason: expanding bearish Ichimoku Cloud, falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling Kijun-sen; the prices are in consolidation inside a channel of Tenkan-Kijun.
More:
https://fbs.com/analytics/articles/eur-usd-euro-in-consolidation-on-tenkan-sen-4777
USD/JPY: DOLLAR READY TO CONTINUE UPTREND 07:01 01.11.2017
Technical levels: support – 113.70; resistance – 114.40.
Trade recommendations:
Buy — 113.70; SL — 113.50; TP1 — 114.40; TP2 — 114.80.
Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the prices are entered into the positive area and fixed up on Kijun-sen and Senkou Span A.
More:
https://fbs.com/analytics/articles/usd-jpy-dollar-ready-to-continue-uptrend-4778
USD/CHF: BULLS MADE ANOTHER ATTACK 07:24 01.11.2017
Recommendation:
BUY 1.0005
SL 0.995
TP1 1.0105 TP2 1.0145
On the daily chart, USD/CHF after forming the “Dragon” pattern and reaching 200% target of AB=CD there was a natural pullback towards 0.9965 (61.8% of the descending wave). Never the less, bulls didn’t have enough resolve to repeat the test of an important level. In case of success, the road up to 1.0145 will be open.
On H1, there’s a “Spike and ledge” pattern. A break of resistance at 1.0005 (upper border of the “Ledge” or rebound from support at 0.9940 (lower border) will increase the risks of an uptrend’s resumption.
More:
https://fbs.com/analytics/articles/usd-chf-bulls-made-another-attack-4779
GBP/USD: WILL POUND RETURN TO THE TRIANGLE? 07:43 01.11.2017
Recommendation:
SELL 1.326 SL 1.3315 TP1 1.316 TP2 1.306
SELL 1.319 SL 1.3245 TP1 1.309 TP2 1.299
On the daily chart, bulls attempted to lead GBP/USD outside of the triangle and develop correction to the short-term downtrend. If the pound manages to break above 1.3340, risks of continuation to the upside to 1.3415 and 1.3520 will increase. On the other hand, the return of the pair to the triangle will return the initiative to bears.
On H1, GBP/USD may form “Wolfe waves” pattern. The decline of the pound below 1.3190 will increase the odds of triggering the “Widening wedge” pattern.
More:
https://fbs.com/analytics/articles/gbp-usd-will-pound-return-to-the-triangle-4781
EUR/USD: LEADING DIAGONAL IN WAVE A 11:06 01.11.2017
Wave (iv) has been developing since a pullback from 2/8 MM Level happens. It's likely that 3/8 MM Level is going to act as resistance once again. So, if we have another pullback from this level, there'll be an opportunity to have wave (v) of [iii].
There's a leading diagonal in wave a, so bears are likely going to deliver wave b in the coming hours. If 6/8 MM Level acts as support, we could have another upward price movement, which could be wave c of (iv).
More:
https://fbs.com/analytics/articles/eur-usd-leading-diagonal-in-wave-a-4794
USD/JPY: "HAMMER" AND "DOJI" PATTERNS 12:38 01.11.2017
The last "Hammer" and "Doji" patterns led to the current upward price movement. If a pullback from the nearest resistance happens soon, we're likely going to have a bearish correction towards the lower "Window".
There isn't any reversal pattern so far, which means bulls are going to test the closest resistance in the coming hours. If we have a pullback from this level, there'll be an option to have a local downward correction.
More:
https://fbs.com/analytics/articles/usd-jpy-hammer-and-doji-patterns-4799
EUR/USD: 34 MA ACTING AS RESISTANCE 12:41 01.11.2017
There's a bearish "High Wave" pattern, which hasn't been confirmed enough. So, the market is likely going to test the 34 Moving Average in the short term. If a pullback from this line happens, there'll be an opportunity to have another decline.
The 34 Moving Average is acting as resistance, so we've got a "Tweezers" and a "Harami" patterns. In this case, we could have a decline during the day. If any bullish pattern forms afterwards, bulls will probably try to deliver a new local high.
More:
https://fbs.com/analytics/articles/eur-usd-34-ma-acting-as-resistance-4800
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