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USD/JPY Daily Analytics 08:21 23.11.2017
Technical levels: support – 111.00; resistance – 111.80.
Trade recommendations:
Buy — 111.00; SL — 110.80; TP1 — 111.80; TP2 — 112.00.
Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen; the market made new lows, but there is a strong support on 111.00.
More:
https://fbs.com/analytics/articles/usd-jpy-dollar-made-new-lows-5277
EUR/USD Daily Analytics 00:36 24.11.2017
Bulls faced with resistance at 1.1859, so the price is consolidating. The main intraday target is next resistance at 1.1879 - 1.1897. If a pullback from these levels happens little later on, there'll be an opportunity to have a decline towards the closest support at 1.1821 - 1.1787.
The price has been consolidating since a pullback from resistance at 1.1859 happened. So, bears are likely going to test the nearest support at 1.1821, which could be a departure point for an upward price movement in the direction of another resistance at 1.1879 - 1.1897.
More:
https://fbs.com/analytics/articles/eur-usd-bears-going-to-test-nearest-support-5287
GBP/USD Daily Analytics 00:42 24.11.2017
The bullish rally has been stopped by resistance of the last "Triple Top" pattern. Nevertheless, the market is likely going to continue moving up towards the next resistance at 1.3336 - 1.3370. If a pullback from this area happens, we could have a decline in the direction of the nearest support at 1.3298 - 1.3278.
The price is consolidating between the levels 1.3336 - 1.3278. The main intraday target is the next support at 1.3298 - 1.3278. At the same time, if a pullback from these levels happens afterwards, bulls will probably try to test the next resistance at 1.3336 - 1.3370.
More:
https://fbs.com/analytics/articles/gbp-usd-resistance-by-triple-top-pattern-5288
EUR/USD Daily Analytics 00:45 24.11.2017
The price is still rising, so there isn't any reversal pattern so far. In this case, the pair is likely going to climb even higher in the short term. If any bearish pattern arrives little later on, there'll be an opportunity to have a decline.
There's a "Three Methods" pattern, which pushed the price even higher. At the same time, there isn't any reversal candle model, so we could have a new local high pretty soon.
More:
https://fbs.com/analytics/articles/eur-usd-three-methods-pushed-price-higher-5289
USD/JPY Daily Analytics 00:47 24.11.2017
The price is still consolidating, but we don't have any reversal pattern so far. In this case, the pair is likely going to break the last low. If any bullish pattern forms afterwards, the 21 Moving Average will be the next target.
There's resistance by the middle of the last huge black candle. Also, we don't have any confirmed reversal pattern. So, the market is likely going to continue declining.
More:
https://fbs.com/analytics/articles/usd-jpy-pair-going-to-break-the-last-low-5290
EUR/USD Daily Analytics 03:43 24.11.2017
There's a pullback from 4/8 MM Level, so the price is rising. It's likely that we're going to have bullish wave [iii] in the short term. In this case, we should keep an eye on +2/8 MM level as the next intraday target.
Wave [ii] took the form of a double zigzag, so there's a developing impulse in wave (i). Considering that wave v of (i) is about to end, there's an opportunity to have a downward correction, which could be wave (ii) of [iii].
More:
https://fbs.com/analytics/articles/eur-usd-bullish-wave-iii-5292
EUR/USD Daily Analytics 07:59 24.11.2017
Recommendation:
BUY 1.1875
SL 1.1820
TP1 1.2000 TP2 1.205
On the daily chart, EUR/USD bulls are preparing to test resistance at 1.1875-1.1885 and trigger the inverted “Shark” pattern. In case of success, risks of reaching 88.6% will increase. Failure will lead to consolidation in the 1.1710-1.1885 range.
On H1, EUR/USD reached the targets of the “Widening wedge”: after a pullback from 38.2% of the wave 4-5 and return to 23.6% there was a possibility to form long positions. To increase them one may use resistance at 1.1875 and trigger AB=CD pattern.
More:
https://fbs.com/analytics/articles/eur-usd-euro-is-preparing-an-attack-5296
EUR/GBP Daily Analytics 08:09 24.11.2017
Recommendation:
BUY 0.8950
SL 0.8895
TP1 0.9100 TP2 0.9250
On the daily chart, the inability of bears to keep the pair below the lower border of the uptrend channel points at their weakness. To reach 88.6% target of the “shark” pattern bulls need to conquer resistance at 0.8926 and renew November low.
On H1, the return of EUR/GBP to the uptrend channel with the following successful test of resistance at 0.8948 will increase the risks of going to 127.2% target of the butterfly.
More:
https://fbs.com/analytics/articles/eur-gbp-bulls-return-the-initiative-5297
EUR/USD Daily Analytics 08:23 24.11.2017
Technical levels: support – 1.1800; resistance – 1.1850.
Trade recommendations:
Buy — 1.1800; SL — 1.1780; TP1 — 1.1850; TP2 – 1.1880
Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen; the prices are a tested the main daily resistance, but the market needs a correction.
More:
https://fbs.com/analytics/articles/eur-usd-euro-tested-main-resistance-5299
GBP/USD Daily Analytics 08:24 24.11.2017
Technical levels: support – 1.3280; resistance – 1.3330.
Trade recommendations:
Buy — 1.3310; SL — 1.3290; TP1 — 1.3400; TP2 — 1.3480.
Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, rising Kijun-sen; the market supported by Tenkan-sen and it will continue the uptrend.
More:
https://fbs.com/analytics/articles/gbp-usd-pound-looking-for-new-highs-5300
AUD/JPY Daily Analytics 00:46 27.11.2017
AUD/JPY is looking to consolidate its losses across the board below the 200 SMA at H1 chart. Currently, it remains supported by the 84.45 level, at which we’re expecting to make a correction that drives the pair to test the Fibonacci zone of 50% at 86.03. Around that area, the pair could find offers in order to resume the bearish bias and reaches the Fibo target of -23.6% at 83.70.
RSI indicator is close to test the 50 level, strengthening the idea of sideways moves.
More:
https://fbs.com/analytics/articles/aud-jpy-sell-zone-around-8603-5323
EUR/USD Daily Analytics 08:39 27.11.2017
Technical levels: support – 1.1920; resistance – 1.1960.
Trade recommendations:
Sell — 1.1960; SL — 1.1980; TP1 — 1.1920; TP2 – 1.1880
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 made a new monthly high, but the market is overbought.
More:
https://fbs.com/analytics/articles/eur-usd-euro-made-new-highs-5330
USD/JPY Daily Analytics 08:40 27.11.2017
Technical levels: support – 110.90; resistance – 111.50.
Trade recommendations:
Buy — 110.90; SL — 110.70; TP1 — 111.50; TP2 — 111.80.
Reason: bearish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the market is oversold and supported by 111.00.
More:
https://fbs.com/analytics/articles/usd-jpy-dollar-is-oversold-5331
NZD/USD Daily Analytics 10:18 27.11.2017
Recommendation:
BUY 0.6895
SL 0.684
TP1 0.6995 TP2 0.7165
On the daily chart, bulls managed to lead the pair outside of the descending channel. If they manage to bring the NZD above 0.6907, the risks of a “Shark” pattern will increase. Its 88.6% target lies at 0.7165.
On H1, NZD/USD is retesting the “Head and shoulders” neckline. Recoil from resistance will allow bears to pull the kiwi down to 88.6% and 113% targets of the “Shark” pattern. On the other hand, successful test of resistance at 0.6895 will increase the risks of more upside.
More:
https://fbs.com/analytics/articles/nzd-usd-kiwi-wants-more-5334
EUR/USD Daily Analytics 10:26 27.11.2017
The price has been rising since a pullback from 4/8 MM Level happened. So, there's an opportunity to have an extension in wave [iii]. However, it's likely to have a local downward correction, so we should keep an eye on 6/8 MM Level as an intraday target.
The current upward impulse is ready to end, which means we could have wave (ii) in the coming hours. The main bearish target is 6/8 MM Level, which could be a departure point for another bullish rally.
More:
https://fbs.com/analytics/articles/eur-usd-upward-impulse-ready-to-end-5335
AUD/USD Daily Anlytics 10:47 27.11.2017
Recommendation:
BUY 0.7640
SL 0.7585
TP1 0.775 TP2 0.7895
On the daily chart, AUD/USD bulls managed to keep the pair inside the long-term uptrend channel. A break of the upper border of the medium-term descending channel with the following successful test of resistance at 0.7637 will increase the risks of correction to the medium-term bearish trend.
On H1, AUD/USD formed a “Dragon” pattern. A successful test of resistance at 0.7636-0.7639 will finish the formation of “Dragon’s head” and will be a signal for opening long positions.
More:
https://fbs.com/analytics/articles/aud-usd-bulls-return-to-the-game-5336
GBP/USD Daily Analytics 08:20 28.11.2017
Technical levels: support – 1.3320; resistance – 1.3400.
Trade recommendations:
Buy — 1.3340; SL — 1.3320; TP1 — 1.3400; TP2 — 1.3480.
Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, rising Tenkan-sen; the market corrected into the channel of Tenkan-Kijun and will supported by Kijun-sen.
More:
https://fbs.com/analytics/articles/gbp-usd-pound-may-go-higher-5365
AUD/USD Daily Analytics 08:22 28.11.2017
Technical levels: support – 0.7600; resistance – 0.7630
Trade recommendations:
Sell — 0.7590; SL — 0.7610; TP1 — 0.7530; TP2 — 0.7500.
Reason: narrow bearish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices tested the Cloud’s upper border and can’t breakout it to positive area.
More:
https://fbs.com/analytics/articles/aud-usd-aussie-will-continue-downtrend-5366
XAU/USD Daily Analytics 08:55 28.11.2017
Recommendation:
BUY $1305
SL $1290
TP1 $1322 TP2 $1350
On the daily chart, XAU/USD bulls managed to lead the pair out of the upper border of the consolidation range between $1266 and $1288 an ounce. In order to count for the uptrend’s resumption, buyers need a successful test of $1300-1302.
On H1, the exit out of the 1266-1305 consolidation range will likely lead either to the formation of the “Bat” pattern with a target at 88.6% or the resumption in the medium-term downtrend.
More:
https://fbs.com/analytics/articles/xau-usd-gold-is-catching-a-bat-5368
USD/CAD Daily Analytics 09:12 28.11.2017
Recommendation:
BUY 1.283 SL 1.2775 TP 1.293
SELL 1.2675 SL 1.273 TP 1.2575
On the daily chart, USD/CAD formed a triangle. A break of its lower border will trigger the “Bat” pattern with the target at 88.6%. On the other hand, if the pair gets above the upper border, bulls will regain hope for getting to 88.6% target of the “Shark” pattern.
On H1, USD/CAD keeps forming the “Spike and ledge”. A successful test of the lower border of 1.2675-1.2830 range will increase the risks of reaching 161.8% target of AB=CD. A break of resistance at 1.2830 will encourage the uptrend’s resumption.
More:
https://fbs.com/analytics/articles/usd-cad-loonie-drew-a-triangle-5369
USD/CHF Daily Analytics 07:28 29.11.2017
Recommendation:
BUY 0.9890
SL 0.9835
TP1 0.9990 TP2 1.0145 TP3 1.0300
On the daily chart, USD/CHF bulls managed to hold an important support at 0.9775-0.9800. To resume the uptrend, buyers need a successful test of resistance at 0.9880-0.9890 and at 0.9940. In this case, the odds of the pair’s going to 200% target of AB=CD will increase.
On H1, a break of the upper border of the uptrend channel and resistance at 0.9880 (earlier it acted as support) will create grounds for a “Shark” pattern with the target at 88.6%.
More:
https://fbs.com/analytics/articles/usd-chf-bulls-defeated-an-attack-5393
GBP/USD Daily Analytics 07:40 29.11.2017
Recommendation:
BUY 1.3390
SL 1.3335
TP1 1.349 TP2 1.352 TP3 1.3585
On the daily chart, GBP/USD bulls managed to settle above the upper border of the 1.3045-1.3320 consolidation range within “Spike and ledge” pattern. If the pair renews November high, the odds of the rally’s continuation will increase.
On H1, after GBP/USD reached targets of “Three Indians”, 1-2-3 and “Shark”, there’s a transformation of the latter to 5-0. The pound’s advance above 78.6% and 88.6% of the wave CD means that bulls are in control of the situation.
More:
https://fbs.com/analytics/articles/gbp-usd-pound-broke-free-5394
EUR/USD Daily Analytics 07:54 29.11.2017
Technical levels: support – 1.1830; resistance – 1.1960.
Trade recommendations:
Buy — 1.1850/60; SL — 1.1830; TP1 — 1.1900; TP2 – 1.1960
Reason: bullish Ichimoku Cloud, but with horizontal Senkou Span A and B; a cancelled golden cross of Tenkan-sen and Kijun-sen with the horizontal lines; the prices in a correctional movement, but will return to Tenkan and Kijun soon.
More:
https://fbs.com/analytics/articles/eur-usd-euro-in-correction-to-cloud-5396
AUD/USD Daily Analytics 07:55 29.11.2017
Technical levels: support – 0.7580; resistance – 0.7630
Trade recommendations:
Sell — 0.7580; SL — 0.7600; TP1 — 0.7530; TP2 — 0.7500.
Buy — 0.7600; SL — 0.7590; TP1 — 0.7660; TP2 — 0.7690.
Reason: narrow bearish Ichimoku Cloud with horizontal Senkou Span A and B; a cancelled golden cross of Tenkan-sen and Kijun-sen, the lines are horizontal; the prices returned to the SSA’a support.
More:
https://fbs.com/analytics/articles/aud-usd-the-bears-testing-ssa%E2%80%99s-support-5397
EUR/JPY Daily Analytics 07:22 30.11.2017
Recommendation:
BUY 133.60
SL 133.05
TP1 134.60 TP2 136.00 TP3 137.70
On the daily chart, EUR/JPY is forming a “Spike and ledge”. A break of the upper border of the 131.5-133.95 range will create grounds for the pair going to 200% target of AB=CD. On the other hand, successful test of support at 131.50 will trigger the “Bat” pattern. Its 88.6% target corresponds to 128.30.
On H1, EUR/JPY formed a “Widening wedge” pattern. To resume the uptrend, there’s a need for a successful test of resistance at 133.6.
More:
https://fbs.com/analytics/articles/eur-jpy-euro-is-in-the-ledge-5415
USD/JPY Daily Analytics 07:33 30.11.2017
Recommendation:
BUY 112.35
SL 111.75
TP1 113 TP2 113.25
TP3 113.9
On the daily chart, USD/JPY bulls managed to lead the pair outside of the long-term downtrend channel and settle above resistance at 111.65. A successful test of resistance at 113 will return buyers the hope for going to 113% target of the senior “Shark” pattern.
On H1, there’s a great possibility of a volatile trading. After a break of the upper border of the downtrend channel and reaching 113% target of the junior “Shark” pattern, there may be a pullback and a retest of the diagonal support.
More:
https://fbs.com/analytics/articles/usd-jpy-yen%E2%80%99s-in-the-shark%E2%80%99s-lair-5416
GBP/USD Daily Analytics 08:53 30.11.2017
Technical levels: support – 1.3380; resistance – 1.3500.
Trade recommendations:
Sell — 1.3500; SL — 1.3520; TP1 — 1.3430; TP2 — 1.3380.
Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A and B; the rising lines Tenkan-sen and Kijun-sen; the prices made new highs but there is strong daily resistance on 1.3500 – expecting the correctional movement.
More:
https://fbs.com/analytics/articles/gbp-usd-pound-under-main-resistance-5421
USD/JPY Daily Analytics 08:54 30.11.2017
Technical levels: support – 111.90; resistance – 112.60.
Trade recommendations:
Sell — 112.60; SL — 112.80; TP1 — 111.90; TP2 — 111.50.
Reason: bearish Ichimoku Cloud with rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen, with rising Tenkan-sen and Kijun-sen; the prices entered into the cloudy area.
More:
https://fbs.com/analytics/articles/usd-jpy-dollar-entered-into-cloud-5422
EUR/USD Daily Analytics[/B]
15:20 30.11.2017
There's a "Hammer", which has been formed on the 34 Moving Average. Confirmation of this pattern hasn't been formed yet, so the market is likely going to test the upper "Window", which could act as resistance.
The 144 Moving Average has acted as support, so there's a "Hammer", which has been confirmed. Therefore, the market is likely going to continue moving up towards the nearest "Window".
More:
https://fbs.com/analytics/articles/eur-usd-144-ma-acted-as-support-5430
USD/JPY Daily Analytics 15:22 30.11.2017
The upper "Window" has acted as resistance, so there's a bearish "Shooting Star". In this case, we're likely going to have a downward correction towards the closest support level.
There're bearish patterns such a "Shooting Star" and a "Harami", which both have been confirmed. So, the pair is likely going to test the Moving Averages, which could be a departure point for a local upward price movement.
More:
https://fbs.com/analytics/articles/usd-jpy-bearish-shooting-star-5431
EUR/USD Daily Analytics 08:05 01.12.2017
Recommendation:
BUY 1.1860
SL 1.1805
TP1 1.1975 TP2 1.2045
On the daily chart, EUR/USD keeps forming the inverted “Shark” pattern with a target of 88.6%. Bulls managed to settle above 1.1820 and 1.1885 and aim to continue way up to resume the long-term uptrend.
On H1, after reaching targets of the “Widening wedge” and “Three touches” bulls managed to return the initiative to their hands. They are pushing the pair up towards 88.6% and 224% of the “Shark” and AB=CD.
More:
https://fbs.com/analytics/articles/eur-usd-bulls-came-to-power-5442
EUR/USD Daily Analytics 08:34 01.12.2017
Technical levels: support – 1.1890; resistance – 1.1960.
Trade recommendations:
Buy — 1.1890; SL — 1.1870; TP1 — 1.1960; TP2 – 1.2000.
Reason: bullish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with the horizontal lines; the prices are returned to the positive area and may continue uptrend.
More:
https://fbs.com/analytics/articles/eur-usd-euro-returned-to-positive-area-5443
AUD/USD Daily Analytics 08:35 01.12.2017
Technical levels: support – 0.7550; resistance – 0.7590
Trade recommendations:
Buy — 0.7580; SL — 0.7560; TP1 — 0.7630; TP2 — 0.7690.
Reason: bearish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen, falling Tenkan-sen; but the prices returned into the channel of Tenkan-Kijun.
More:
https://fbs.com/analytics/articles/aud-usd-the-bears-can%E2%80%99t-maintain-downtrend-5444
EUR/GBP Daily Analytics 08:36 01.12.2017
Recommendation:
BUY 0.8825
SL 0.8770
TP1 0.8885 TP2 0.8950
On the daily chart, EUR/GBP is fighting for 0.8805 (50% of the long-term bullish wave). Bears are trying to bring the pair inside the downtrend channel. If they succeed, the risks of correction to the long-term trend increase. On the other hand, return of the pair above 0.8805 will return the initiative to the bulls.
On H1, EUR/GBP formed a “Head and shoulders” and “Gartley” patterns. The realization of a 1-2-3 pattern will allow bulls to count on a retest of the neckline.
More:
https://fbs.com/analytics/articles/eur-gbp-bulls-are-going-for-a-retest-5445
EUR/USD Daily Analytics 10:54 01.12.2017
The 34 Moving Average has acted as support, so the market is likely going to reach the next resistance area at 1.1975 - 1.2003 in the short term. If a pullback from these levels happens little later on, there'll be an opportunity to have a downward correction towards the nearest support at 1.1909 - 1.1859.
Bulls faced with resistance at 1.1927, so the price is consolidating. Also, there's a "Pennant" pattern, so the pair is likely going to achieve the closest resistance at 1.1975 - 1.2003 during the day. Meanwhile, if we have a pullback from this area, bears will probably try to test another support at 1.1909 - 1.1897.
More:
https://fbs.com/analytics/articles/eur-usd-pennant-pattern-5447
GBP/USD Daily Analytics 10:56 01.12.2017
The market found resistance at 1.3469, so the pair is likely going to test the nearest support at 1.3513 - 1.3480 in the coming hours. However, if a pullback from this area forms afterwards, we could have another upward price movement in the direction of the next resistance at 1.3595 - 1.3618.
There's a possible "Tripe Top", which hasn't been finished yet. If this pattern confirms, bears are likely going to reach the nearest support at 1.3513 - 1.3480, which could be a departure point for another bullish price movement.
More:
https://fbs.com/analytics/articles/gbp-usd-possible-tripe-top-5448
EUR/USD Daily Analytics 11:01 01.12.2017
The upper "Window" acted as resistance for the second time, so there's an "Engulfing" pattern, which hasn't been confirmed yet. Therefore, the 34 Moving Average is likely going to act as support in the short term.
There's an "Engulfing" pattern, which has been formed on the upper "Window". The main intraday target is the 89 Moving Average. If a pullback from this line happens, there'll be an opportunity to have another upward price movement.
More:
https://fbs.com/analytics/articles/eur-usd-engulfing-pattern-5449
USD/JPY Daily Analytics 11:03 01.12.2017
The 55 Moving Average is acting as support, but there're bearish patterns like a "Doji" and a "Shooting Star". So, we're likely going to have a local bearish correction in the short term. At the same time, there's an opportunity to have another bullish price movement afterwards.
We've got a "Doji" and a "Harami", which have been formed at the last high. Considering that both patterns have confirmation, the market is likely going to test the 34 Moving Average. If a pullback from this line happens, we could have an upward price movement towards the upper "Window".
More:
https://fbs.com/analytics/articles/usd-jpy-55-moving-average-acting-as-support-5450
EUR/NZD Daily Analytics 00:02 04.12.2017
The pair remains strong in a bullish bias held since November 28th session and according to our projections, EUR/NZD is expected to find buyers at the current stage. That’s a likely scenario, taking in consideration that our Fibonacci levels coincides with the 1.7274 and 1.7214. If the pair manages to rebound around that area, the next target should be the -23.6% at 1.7569.
RSI indicator is moving into the waters of oversold territory.
More:
https://fbs.com/analytics/articles/eur-nzd-looking-for-buyers-across-the-board-5464
EUR/USD Daily Analytics 08:00 04.12.2017
Technical levels: support – 1.1830; resistance – 1.1900, 1.1960.
Trade recommendations:
Buy — 1.1850; SL — 1.1830; TP1 — 1.1900; TP2 – 1.1960.
Reason: bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a cancelled dead cross of Tenkan-sen and Kijun-sen with the horizontal lines; the prices are returned into the cloudy area.
More:
https://fbs.com/analytics/articles/eur-usd-euro-entered-into-cloud-5469
GBP/USD Daily Analytics 08:01 04.12.2017
Technical levels: support – 1.3380; resistance – 1.3500.
Trade recommendations:
Buy — 1.3380; SL — 1.3360; TP1 — 1.3470; TP2 — 1.3500.
Reason: expanding bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen; the market is in correction phase and may testing Kijun’s support.
More:
https://fbs.com/analytics/articles/gbp-usd-pound-in-correction-to-kijun-5470
NZD/USD Daily Analytics 08:26 04.12.2017
Recommendation:
SELL 0.6815 SL 0.6870 TP1 0.6715 TP2 0.6625
BUY 0.6935 SL 0.6880 TP1 0.7035 TP2 0.7170
On the daily chart, NZD/USD is consolidating in the 0.6820-0.6980 range. A break of its lower border will increase the risks of kiwi going to 127.2% and 161.8% targets of a “Crab”. On the other hand, successful test of resistance at 0.6980 creates grounds for the pair going to 88.6% target of the “Shark” pattern.
On H1, a successful test of the neckline of the “Head and Shoulders” will allow the pair to continue its fall. On the other hand, going above 0.6930 will increase the odds of the rally’s continuation.
More:
https://fbs.com/analytics/articles/nzd-usd-kiwi-is-waiting-for-a-signal-5472
AUD/USD Daily Analytics
11:39 04.12.2017
Recommendation:
BUY 0.7640
SL 0.7585
TP1 0.7750 TP2 0.7895
On the daily chart, AUD/USD keeps fighting for the lower border of a long-term uptrend channel. If bulls fail to hold it, the risks of realization of 88.6% target of the senior “Shark” pattern will increase. On the other hand, a break of resistance at 0.7637-0.7640 will trigger the junior “Shark”.
On H1, AUD/USD after reaching 78.6% target of a “Shark” pulled back to 88.6%. The second attack of resistance at 0.7635 in case of success will allow bulls to count on the continuation of the rally.
More:
https://fbs.com/analytics/articles/aud-usd-bulls-clutch-at-a-straw-5477
EUR/USD Daily Analytics
13:50 04.12.2017
Bulls faced with resistance at 1.1934 - 1.1938, so there's a "Triple Top" pattern, which has been confirmed. Therefore, the market is likely going to decline towards the nearest support at 1.1808 - 1.1792 in the short term. If a pullback from this area happens little later on, we could have another upward price movement in the direction of the next resistance at 1.1909.
There's a "Triple Top" pattern, which has been confirmed by the last "Breakaway Gap", so the price has broken all the Moving Averages. However, bears faced with support at 1.1836. In this case, the pair is likely going to reach the closest resistance at 1.1897 - 1.1909 in the coming hours.
More:
https://fbs.com/analytics/articles/eur-usd-breakaway-gap-5480
GBP/USD Daily Analytics
13:52 04.12.2017
There's a "Double Top" pattern, which has been confirmed. So, the price is likely going to reach the nearest support at 1.3386 - 1.3363 in the coming hours. If a pullback from this area happens afterwards, there'll be an opportunity to have an upward price movement towards another resistance at 1.3480 - 1.3513.
The 55 Moving Average has acted as support, so bulls are likely going to test the 34 MA shortly. If a pullback from this line happens afterwards, bears will probably try to reach the nearest support between the levels 1.3386 - 1.3363.
More:
https://fbs.com/analytics/articles/gbp-usd-double-top-pattern-5481
EUR/USD Daily Analytics
13:56 04.12.2017
The upper "Window" has acted as resistance once again. Also, there's new "Window". Therefore, the market is likely going to test the 89 Moving Average in the short term.
The 144 Moving Average is acting as support. Also, there's a bullish "Engulfing", but this pattern hasn't been confirmed yet. So, the pair is likely going to test the lower "Window" in the coming hours.
More:
https://fbs.com/analytics/articles/eur-usd-144-ma-acting-as-support-5482
USD/JPY Daily Analytics
13:58 04.12.2017
The price has been fixed above the "Window". Also, there isn't any reversal pattern so far. In this case, the price is likely going to continue moving up towards the next "Window".
There's a bearish "Engulfing", but this pattern hasn't been confirmed yet. So, we could have just a local correction and the following upward price movement afterwards.
More:
https://fbs.com/analytics/articles/usd-jpy-bearish-engulfing-5483
XAU/USD Daily Analytics Recommendation:
SELL $1266
SL $1281
TP1 $1237 TP2 $1212
On the daily chart, inability of bulls to conquer resistance at $1299-1302 an ounce with the following return of the price inside the $1266-1288 consolidation range points at buyers’ weakness. As a result, risks of the price reaching 78.6% and 200% targets of “Gartley” and AB=CD increased.
On H1, gold’s going outside of the short-term uptrend channel with the following retest of diagonal resistance confirms that bears are serious.
More:
https://fbs.com/analytics/articles/xau-usd-gold-chose-direction-5496
Edited by user
2017-12-05T09:27:39Z
|
Reason: Not specified
USD/CAD Daily Analytics 07:08 05.12.2017
Recommendation:
SELL 1.2655
SL 1.271
TP1 1.2555 TP2 1.2495
On the daily chart, USD/CAD formed a “Shakeout-Fakeout” pattern with a false break of an upper border of a triangle. As a result, the pair went outside of the uptrend channel. Such dynamics increases the risks of it sliding to 88.6% target of the “Bat” pattern.
On H1, USD/CAD is finishing a “Widening wedge” pattern. A pullback to 23.6% with the following return to point 5 means that bears are serious.
More:
https://fbs.com/analytics/articles/usd-cad-bulls-got-into-a-trap-5497
EUR/USD Daily Analytics 08:02 05.12.2017
Technical levels: support – 1.1830; resistance – 1.1880, 1.1960.
Trade recommendations:
Buy — 1.1890; SL — 1.1870; TP1 — 1.1960; TP2 – 1.2000.
Sell — 1.1850; SL — 1.1870; TP1 — 1.1760.
Reason: bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a weak golden cross of Tenkan-sen and Kijun-sen with the horizontal lines; the prices are under strong resistance of Kijun-sen and Senkou Span A.
More:
https://fbs.com/analytics/articles/eur-usd-euro-in-negative-mood-5502
USD/JPY Daily Analytics 08:03 05.12.2017
Technical levels: support – 112.25; resistance – 113.00.
Trade recommendations:
Buy — 112.25; SL — 112.00; TP1 — 113.00; TP2 — 113.50.
Reason: bearish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, with rising Kijun-sen; the market is in consolidation inside a Cloud and may supported by Tenkan and Kijun.
More:
https://fbs.com/analytics/articles/usd-jpy-dollar-returned-into-cloud-5503
EUR/USD Daily Analytics 12:16 05.12.2017
Bears faced with support at 1.1826, so the price is consolidating. However, the market is likely going to continue declining towards the next support at 1.1808 - 1.1792. If a pullback from this area happens, we could have an upward correction in the direction of the nearest resistance at 1.1859 - 1.1909.
There's a "Double Bottom", so the price is consolidating. The main intraday target is the nearest support at 1.1808 - 1.1792. If a pullback from this area happens little later on, there'll be an opportunity to have a bullish price movement towards the closest resistance at 1.1871 - 1.1890.
More:
https://fbs.com/analytics/articles/eur-usd-double-bottom-5507
GBP/USD Daily Analytics 12:19 05.12.2017
We've got a confirmed "Double Top", so the market is likely going to test the nearest support at 1.3363 - 1.3336. Meanwhile, if a pullback from this area happens, we could have another upward price movement towards the next resistance at 1.3454 - 1.3480.
There's a developing downward correction. The main intraday target is the closest support at 1.3336 - 1.3309. If a pullback from this area happens, bulls will probably try to test another resistance between the levels 1.3408 - 1.3430.
More:
https://fbs.com/analytics/articles/gbp-usd-developing-downward-correction-5508
USD/JPY Daily Analytics 12:31 05.12.2017
There's a bearish "Tweezers" pattern, which has been confirmed. So, the price is likely going to test the nearest Moving Averages. If a pullback from these lines happens little later on, there'll be an opportunity to have a local bullish price movement.
We've got a bullish "Engulfing", which has been formed on the 34 Moving Average. However, the market is likely going to test the 55 MA, which could be a departure point for an upward price movement.
More:
https://fbs.com/analytics/articles/usd-jpy-bearish-tweezers-pattern-5510
EUR/USD Daily Analytics 12:28 05.12.2017
There's a possible "High Wave" pattern, which has been formed at the last local low. However, the nearest "Window" is acting as resistance, so the 89 Moving Average is likely going to act as support. If so, there'll be an opportunity to have another bullish price movement.
The price is consolidating between the Moving Averages, so the market is likely going to test the upper "Window". If a pullback from this level happens, we could have another decline towards the lower "Window".
More:
https://fbs.com/analytics/articles/eur-usd-high-wave-pattern-5509
USD/CHF Daily Analytics 07:03 06.12.2017
Recommendation:
BUY 0.9850
SL 0.9795
TP1 0.993 TP2 0.9975
On the daily chart, USD/CHF bulls managed to keep the pair above important convergence area of 0.9775-0.9800 and counterattacked. A successful test of resistance at 0.9880-0.9890 and 0.9940 will increase the risks of continuation up to 200% target of AB=CD.
On H1, USD/CHF reached the targets of “Wolfe waves” pattern. A break of the upper border of the descending trend channel with the following retest create grounds for reaching 88.6% and 113% targets of the “Shark”.
More:
https://fbs.com/analytics/articles/usd-chf-wave-saved-franc-from-the-shark-5522
GBP/USD Daily Analytics 07:14 06.12.2017
Recommendation:
SELL 1.3520
SL 1.3575
TP1 1.342 TP2 1.332
On the daily chart, the inability of bulls to get above resistance at 1.3520 and 1.3585 points at their weakness. As long as GBP/USD is trading below 1.3605, risks of consolidation are rising. If this level is breached, the possibility of the uptrend’s resumption will go up.
On H1, one may use rebound strategies. If the pair reaches 88.6% target of the “Bat” with the following recoil of the descending channel’s upper border, this will trigger “Three Indians” pattern and be a signal for selling.
More:
https://fbs.com/analytics/articles/gbp-usd-bulls-showed-weakness-5524
EUR/USD Daily Analytics 12:19 06.12.2017
There's a new local low, but the price is consolidating between the Moving Averages. The main intraday target is the nearest support at 1.1792 - 1.1756. If a pullback from this area happens little later on, there'll be an opportunity to have an upward price movement towards the closest resistance at 1.1879 - 1.1909.
We've got a "V-Top", which has been formed under the Moving Averages. In this case, the market is likely going to decline towards the next support at 1.1792 during the day. Meanwhile, if we see a pullback from this level, bulls will probably try to test the nearest resistance at 1.1836 - 1.1859.
More:
https://fbs.com/analytics/articles/eur-usd-v-top-under-moving-averages-5527
GBP/USD Daily Analytics 12:21 06.12.2017
Bears faced with support at 1.3363, so the price is consolidating. Also, there's a "Double Top" pattern, so the pair is likely going to decline in the direction of the closest support at 1.3336. If we have a pullback from this level, there'll be a moment to have a bullish price movement towards the nearest resistance between the levels 1.3454 - 1.3480.
The price is consolidating between the 34 & 89 Moving Averages. The main intraday target is the next support at 1.3336. If a pullback from this level happens little later on, we could have an upward price movement towards another resistance at 1.3430 - 1.3454.
More:
https://fbs.com/analytics/articles/gbp-usd-double-top-pattern-5528
EUR/USD Daily Analytics 12:24 06.12.2017
The 34 Moving Average has acted as resistance, but there's still no any reversal pattern. Therefore, the market is likely going to test the 144 MA, which could be a departure point for a bullish price movement towards the nearest "Window".
There's support by the lower "Window", so we could have a local upward correction in the coming hours. Nevertheless, bears are likely going to deliver a new local low afterwards.
More:
https://fbs.com/analytics/articles/eur-usd-34-ma-acted-as-resistance-5529
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