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USD/JPY Daily Analytics 12:25 06.12.2017
We've got a "Shooting Star", which has been confirmed. Also, all the Moving Averages have been broken. In this case, the pair is likely going to test the nearest support area in the short term.
There are bullish patterns such an "Engulfing" and a "Harami". Therefore, the price is likely going to test the Moving Averages soon. If a pullback from these lines happens, there'll be an opportunity to have another decline.
More:
https://fbs.com/analytics/articles/usd-jpy-confirmed-shooting-star-5530
EUR/JPY Daily Analytics 07:10 07.12.2017
Recommendations:
BUY 134.00 SL 133.45 TP1 135 TP2 138
SELL 131.5 SL 132.05 TP1 129 TP2 128.2
On the daily chart, EUR/JPY there are “Shakeout-fakeout” and “Spike and ledge” patterns. Other tests of resistance at 133.95-134 or support at 131.50 will increase the risks of the pair getting to 200% and 88.6% targets of AB=CD and the “Bat”.
On H1, there are the “Widening wedge” and “Wolfe waves”. To resume the long-term uptrend the pair needs a successful test of resistance at 134. To develop correction the euro should break below 131.50.
more:
https://fbs.com/analytics/articles/eur-jpy-euro-returned-to-the-corridor-5549
Edited by user
2017-12-07T09:23:31Z
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Reason: Not specified
USD/JPY Daily Analytics 07:19 07.12.2017
Recommendation:
BUY 113.00
SL 112.35
TP1 113.90 TP2 115.40
On the daily chart, USD/JPY retraced 50% of the wave CD in line with the transformation of the “Shark” into 5-0. Another test of resistance at 113 in case of success will increase the odds of the rally’s continuation towards 113% target of the senior “Shark”.
On H1, the junior “Shark” pattern is transforming into 5-0. To develop correction to the short-term downtrend with its following break bulls need to conquer resistance at 112.80-113 and at 113.25.
More:
https://fbs.com/analytics/articles/usd-jpy-sharks-are-around-the-yen-5550
GBP/JPY Daily Analytics 09:14 07.12.2017
GBP/JPY reversed from resistance zone
Next sell target - 147.50
GBP/JPY continues to fall inside the minor impulse wave (i) – which belongs to the C-wave of the intermediate ABC correction (B) from the middle of September. The active C-wave started earlier – when the pair reversed down from the resistance zone lying at the intersection of the major resistance level 152.50, upper daily Bollinger Band the resistance trendline of the daily up channel from April. GBP/JPY is expected to fall to the next sell target at the next strong support level 147.50.
More:
https://fbs.com/analytics/articles/gbp-jpy-reversed-from-resistance-zone-5554
EUR/JPY Daily Analytics 09:13 07.12.2017
EUR/JPY reversed from resistance zone
Next sell target - 131.70
EUR/JPY recently reversed down from the resistance zone lying between the strong resistance level 134.50 (which reversed the previous upward waves (i) and (b), as can be seen below) and the upper daily Bollinger Band. The downward reversal from this resistance zone stopped the previous minor impulse wave i. EUR/JPY is expected to fall to the next sell target at the next support level 131.70 (which has been reversing the pair from the end of September).
More:
https://fbs.com/analytics/articles/eur-jpy-reversed-from-resistance-zone-5553
EUR/USD Daily Analytics 11:41 07.12.2017
Bears faced with support at 1.1772, so the price is consolidating. Nevertheless, the market is likely going to reach the next support at 1.1756 - 1.1734 in the short term. If a pullback from this area happens, there'll be an opportunity to have an upward price movement towards the next resistance at 1.1826 - 1.1859.
The price is consolidating between the levels 1.1772 - 1.1808. Also, there's a "Flag" pattern, so bears are likely going to test the closest support area at 1.1756 - 1.1734. Meanwhile, if a pullback from these levels happens, bulls will probably try to achieve another resistance at 1.1826 - 1.1836.
More:
https://fbs.com/analytics/articles/eur-usd-flag-pattern-5557
GBP/USD Daily Analytics 11:44 07.12.2017
The price is consolidating along the 34 Moving Average. Considering that there's a "Double Top" pattern, the market is likely going to test the closest support at 1.3336. If a pullback from this level happens little later on, we could have an upward price movement towards the next resistance at 1.3430 - 1.3454.
There's a "Pennant" pattern, so the pair is likely going to test the nearest support at 1.3336. However, if we have a pullback from this level, there'll be an opportunity to have a bullish price movement in the direction of the closest resistance at 1.3408 - 1.3430.
More:
https://fbs.com/analytics/articles/gbp-usd-pennant-pattern-5558
EUR/USD Daily Analytics 11:47 07.12.2017
There's still no any reversal pattern, cause all the last candles are bearish. So, the pair is likely going to continue moving down towards the closest support area, which could be a departure point for another upward price movement.
We've got a bearish "Three Methods" pattern, which pushed the market lower. So, the price is likely going to continue declining until any reversal pattern forms.
More:
https://fbs.com/analytics/articles/eur-usd-all-the-last-candles-are-bearish-5559
USD/JPY Daily Analytics 11:50 07.12.2017
The last "High Wave" pattern led to the current upward price movement. Meanwhile, if a pullback from the nearest resistance happens, we could have a downward correction towards the Moving Averages.
There's still no any reversal pattern, so bulls are likely going to test the upper "Window" in the coming hours. If a pullback from this level happens afterwards, there'll be an opportunity to have a bearish correction
More:
https://fbs.com/analytics/articles/usd-jpy-high-wave-pattern-5560
EUR/USD Daily Analytics 11:53 07.12.2017
Technical levels: support – 1.1760; resistance – 1.1880.
Trade recommendations:
Buy — 1.1760; SL — 1.1740; TP1 — 1.1820; TP2 – 1.1880.
Reason: bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with falling Kijun-sen; the prices are on the strong support of Senkou Span B
More:
https://fbs.com/analytics/articles/eur-usd-euro-will-test-ssb%E2%80%99s-support-5561
GBP/USD Daily Analytics 11:55 07.12.2017
Technical levels: support – 1.3320; resistance – 1.3420.
Trade recommendations:
Buy — 1.3320; SL — 1.3340; TP1 — 1.3420; TP2 — 1.3470.
Reason: narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen; the market is in correction movement to bottom border of the Cloud.
More:
https://fbs.com/analytics/articles/gbp-usd-pound-entered-into-cloud-5562
EUR/USD Daily Analytics 12:05 07.12.2017
It seems like wave 5 is going to take the form of an ending diagonal pattern. So, if a pullback from 5/8 MM Level happens, there'll be an opportunity to have wave [iii]. The main intraday target is +2/8 MM Level.
There's a pullback from 2/8 MM Level, so an ending diagonal in wave (c) might have been formed. In this case, we could have an upward impulse in wave (a) soon. Therefore, we should keep an eye on 6/8 MM Level as the next bullish target.
More:
https://fbs.com/analytics/articles/eur-usd-ending-diagonal-pattern-5563
EUR/AUD Daily Analytics 14:09 07.12.2017
EUR/AUD reversed from support zone
Next buy target - 1.5760
EUR/AUD continues to rise inside the sharp minor impulse wave (iii) – which recently reversed up from the support area lying between the key support level 1.5500 (which stopped the previous minor correction ii), upper trendline of the recently broken daily up channel from September (acting as support after it was broken earlier) and the 38.2% Fibonacci correction of the previous impulse (i). EUR/AUD is expected to rise to the next buy target at the next resistance level 1.5760 (top of the impulse (i)).
More:
https://fbs.com/analytics/articles/eur-aud-reversed-from-support-zone-5565
GBP/AUD Daily Analytics 14:10 07.12.2017
GBP/AUD reversed from support zone
Next buy target - 1.7900
GBP/AUD recently reversed up with the daily Hammer from the support area lying between the key support level 1.7600 (which reversed the previous impulse wave (iii) in November as can be seen below) and 38.2% Fibonacci correction of the previous minor impulse wave from October. GBP/AUD is expected to rise to the next buy target at the next resistance level 1.7900 (which reversed the previous sharp minor impulse wave (iii)).
More:
https://fbs.com/analytics/articles/gbp-aud-reversed-from-support-zone-5566
EUR/USD Daily Analytics 07:57 08.12.2017
Recommendation:
SELL 1.1755
SL 1.1810
TP 1.1640 TP2 1.1600 TP3 1.1550
On the daily chart, EUR/USD bears managed to lead the pair outside of the uptrend channel and conquer support at 1.1820. If the bulls’ fortress near 1.1757 fails under their attack, the odds of getting to 127.2% and 161.8% targets of the “Crab” pattern will increase.
On H1, a break below support at 1.1758-1.1759 will created grounds for triggering the “Shark” pattern. Its 88.6% target is near 1.1600. On the other hand, the pullback from an important level will lead to consolidation in the 1.1750-1.1950 area.
More:
https://fbs.com/analytics/articles/eur-usd-euro-is-catching-a-crab-5577
EUR/GBP Daily Analytics 08:19 08.12.2017
Recommendation:
SELL 0.8765
SL 0.882
TP1 0.8665 TP2 0.8525 TP3 0.844
On the daily, EUR/GBP bears managed to lead the pair outside of the long-term uptrend channel. As a result, the odds of the pair reaching 200% target of AB=CD increased. A successful test of support at 0.8693 is a necessary condition for the decline.
On H1, EUR/GBP keeps forming the “Head and shoulders” pattern. The retest of resistance at 0.8765 (used to be a support) may be used for forming short positions.
MoreL:
https://fbs.com/analytics/articles/eur-gbp-pound-is-taking-the-initiative-5579
AUD/USD Daily Analytics 08:23 08.12.2017
Technical levels: support – 0.7500; resistance – 0.7550
Trade recommendations:
Sell — 0.7550; SL — 0.7570; TP1 — 0.7500; TP2 — 0.7480.
Reason: bearish Ichimoku Cloud with falling Senkou Span B; a dead cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices made a new lows, but the market is oversold and expected a correction to Tenkan-sen.
More:
https://fbs.com/analytics/articles/aud-usd-aussie-will-correct-to-tenkan-5580
USD/JPY Daily Analytics 08:27 08.12.2017
Technical levels: support – 112.80; resistance – 113.50.
Trade recommendations:
Sell — 113.50; SL — 113.70; TP1 — 112.80; TP2 — 112.50.
Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, with rising lines; the prices are under strong resistance and the market is overbought.
More:
https://fbs.com/analytics/articles/usd-jpy-dollar-breaking-out-ssb%E2%80%99s-resistance-5581
EUR/USD Daily Analytics 11:46 08.12.2017
Bears faced with support at 1.1734, but the market is likely going to continue declining. The main intraday target is the nearest support at 1.1712 - 1.1695. If a pullback from this area happens, we could have an upward price movement towards the closest resistance at 1.1776 - 1.1792.
Considering that the price found support at 1.1734, there's an opportunity to have a bullish correction. Meanwhile, if a pullback from the nearest resistance at 1.1756 happens little later on, bears are likely going to reach the next support at 1.1712 - 1.1695.
More:
https://fbs.com/analytics/articles/eur-usd-market-going-to-continue-declining-5584
GBP/USD Daily Analytics 11:50 08.12.2017
There's a "Thorn" pattern, which has been confirmed, so the price is likely going to test the nearest resistance at 1.3549 - 1.3569. If a pullback from this area happens, we could have a decline towards the closest support at 1.3454.
The market is consolidating between the levels 1.3513 - 1.3454. If we see a pullback from the nearest resistance at 1.3513, there'll be an opportunity to have a downward price movement in the direction of another resistance at 1.3549 - 1.3569.
More:
https://fbs.com/analytics/articles/gbp-usd-thorn-pattern-5585
EUR/USD Daily Analytics 12:09 08.12.2017
There's still no any confirmed reversal pattern, so all the last candles are bearish. Therefore, the pair is likely going to continue declining towards the nearest support, which could be a departure point for a bullish correction.
The price has been declining since a pullback from the upper "Window" formed. Considering that there's no any bullish pattern, the pair is likely going to continue declining until any reversal model arrives.
More:
https://fbs.com/analytics/articles/eur-usd-no-any-confirmed-reversal-pattern-5586
USD/JPY Daily Analytics 12:12 08.12.2017
The pair has reached the upper "Window", but there isn't any reversal pattern so far. In this case, the market is likely going to continue moving up until any bearish candle model forms.
The last two "Three Methods" patterns pushed the market higher. There's no any bearish pattern, so the market is likely going to climb even higher in the coming hours.
More:
https://fbs.com/analytics/articles/usd-jpy-pair-reached-the-upper-window-5587
GBP/USD Daily Analytics 06:36 11.12.2017
Technical levels: support – 1.3380; resistance – 1.3420.
Trade recommendations:
Buy — 1.3430; SL — 1.3410; TP1 — 1.3490; TP2 — 1.3530.
Reason: bearish Ichimoku Cloud, rising Senkou Span A; a cancelled golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices in a cloudy area but there is a strong support on 1.3380.
More:
https://fbs.com/analytics/articles/gbp-usd-pound-returned-to-cloud-5611
USD/JPY Daily Analytics 06:38 11.12.2017
Technical levels: support – 112.80; resistance – 113.60.
Trade recommendations:
Sell — 113.50; SL — 113.70; TP1 — 112.80; TP2 — 112.40.
Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen; the prices are under the strong resistance near 113.50/60 and the market is overbought.
More:
https://fbs.com/analytics/articles/usd-jpy-dollar-is-overbought-5612
NZD/USD Daily Analytics 08:44 11.12.2017
Recommendation:
BUY 0.6910
SL 0.6855
TP 0.7010 TP2 0.7105 TP3 0.7170
On the daily chart, NZD/USD after fourth unsuccessful test of support at 0.6820-0.6825 returned to the upper border of the consolidation 0.6820-0.6910 range. A successful test of resistance at 0.6905-0.6910 will increase the risks of 88.6% target of the junior “Shark” pattern.
On H1, the inability of bears to lead the pair outside of the uptrend channel points at their weakness. Another test of resistance at 0.6905-0.9610 will lead the pair up to 161.8% target of the “Crab” pattern.
More:
https://fbs.com/analytics/articles/nzd-usd-kiwi-prepared-for-takeoff-5616
EUR/USD Daily Analytics 10:54 11.12.2017
There's a bullish "Piercing Line", which has been confirmed, so the price is rising. Also, there's no any bearish pattern, which means the price is going to test the nearest resistance. If a pullback from this level happens little later on, there'll be an opportunity to have another decline.
We've got a "Tower" pattern, which has been formed at the last low. Considering that there's no any reversal pattern, the market is likely going to continue moving up towards the Moving Averages in the short term.
More:
https://fbs.com/analytics/articles/eur-usd-bullish-piercing-line-5621
USD/JPY Daily Analytics 10:57 11.12.2017
The upper "Window" has acted as resistance, so there's a bearish "Harami" at the last high. Therefore, the pair is likely going to test the 21 Moving Average in the short term. If a pullback from this line happens afterwards, we could have another bullish price movement.
We've got a bearish "Harami", which has been confirmed, so the price is declining. The main intraday target is the 55 Moving Average. If a pullback from this line happens little later on, there'll be an opportunity to have an upward price movement towards the last high.
More:
https://fbs.com/analytics/articles/usd-jpy-upper-window-acted-as-resistance-5623
XAU/USD Daily Analytics 07:41 12.12.2017
Recommendation:
SELL $1266
SL $1281
TP1 $1237 TP2 $1212
On the daily chart, a break of XAU/USD below the lower border of a $1266-1288 consolidation range allowed bears to get out. The target of 78.6% of the Gartley pattern is almost reached. The next one is 200% target of AB=CD. As long as gold is below 1266, sellers retain control of the market.
On H1, the exit outside of the descending trend channel with the following test of resistance at $1252 creates grounds for a pullback. It should be used for forming short positions.
More:
https://fbs.com/analytics/articles/xau-usd-bears-got-out-5646
USD/CAD Daily Analytics 07:49 12.12.2017
Recommendation:
BUY 1.2885
SL 1.283
TP1 1.2985 TP2 1.313a TP3 1.325
On the daily chart, the inability of bears to hold USD/CAD below the lower border of the uptrend channel points at sellers’ weakness. To restore the uptrend and reach 88.6% target of the “Shark” pattern, bulls need to conquer resistance at 1.2922.
On H1, return to resistance area at 78.6% and 88.6% of the wave 4-5 of the “Widening wedge” means that bulls are in control.
More:
https://fbs.com/analytics/articles/usd-cad-loonie-showed-wings-5647
EUR/USD Daily Analytics 12:01 12.12.2017
There's a "V-Bottom" pattern, so the price is consolidating under the 55 Moving Average. The main intraday target is the nearest resistance area at 1.1828 - 1.1847. If a pullback from these levels happens little later on, there'll be an opportunity to have a decline towards the next support at 1.1772 - 1.1756.
The price is consolidating near the 89 Moving Average. Also, there's a "Triple Bottom" pattern, so bulls are likely going to test the nearest resistance at 1.1828 - 1.1847. Meanwhile, if a pullback from this area arrives little later on, we could have a decline in the direction of another support at 1.1772 - 1.1756.
More:
https://fbs.com/analytics/articles/eur-usd-v-bottom-pattern-5651
GBP/USD Daily Analytics 12:16 12.12.2017
We've got a "V-Top", so the price is consolidating. The main intraday target is the closest resistance at 1.3408 - 1.3430. If the price forms a pullback from these levels, there'll be an opportunity to have a downward price movement towards the 89 Moving Average.
Bears faced with support at 1.3336, which led to the current consolidation. It's likely that the pair is going to test the closest resistance at 1.3408 - 1.3430 in the coming hours. If a pullback from this area happens afterwards, bears will probably try to test the next support at 1.3319 - 1.3278.
More:
https://fbs.com/analytics/articles/gbp-usd-pair-going-to-test-closest-resistance-5652
EUR/USD Daily Analytics 12:23 12.12.2017
The 55 & 89 Moving Averages are acting as resistance, so there's a "Shooting Star" pattern, which has been confirmed. In this case, if a pullback from the 34 MA happens soon, there'll be an opportunity to have another decline.
There are bearish patterns such a "Doji" and a "Harami", which both have been formed on the 55 Moving Average. So, the market is likely going to decline towards the nearest support area in the short term.
More:
https://fbs.com/analytics/articles/eur-usd-shooting-star-pattern-5653
USD/JPY Daily Analytics 12:25 12.12.2017
We've got a bearish "Harami", but confirmation of this pattern is a quite weak. Therefore, the pair is likely going to test the upper "Window", which could be a departure point for a downward correction.
The price is still consolidating. The 21 Moving Average is acting as support. It seems like we're going to have a new local high in the coming hours. If any bearish pattern forms afterwards, there'll be a moment to have a decline.
More:
https://fbs.com/analytics/articles/usd-jpy-bearish-harami-5654
EUR/USD Dailt Analytics 15:34 12.12.2017
There's a possible ending diagonal in wave 5. If correct, we're likely going to have wave [iii] inside this pattern. So, we should keep an eye on +2/8 MM Level as the next bullish target.
We've got an upward impulse, which could be wave i. If so, wave ii is about to end. Therefore, there's an opportunity to have wave iii of (a). The main intraday target is 5/8 MM Levels.
More:
https://fbs.com/analytics/articles/eur-usd-possible-ending-diagonal-5656
GBP/USD Daily Analytics 01:15 13.12.2017
GBP/USD remains supported by the Fibonacci zone of 65% at 1.3335 and looks forward to test fresh highs across the board. Such level should give up in order to invalidate the bullish scenario and the next target will be the November 28th lows at 1.3220. However, to the upside, if the pair manages to break above December 8th highs, then the next target lies at -23.6% Fibo level at 1.3626.
RSI indicator remains hovering in the positive territory.
More:
https://fbs.com/analytics/articles/gbp-usd-testing-a-key-support-around-65%25-fibo-level-5663
BITCOIN (BTC/USD) Daily Analytics 01:26 13.12.2017
The optimism for Bitcoin is still latent in the financial markets and is that during the session of December 11, it reached new heights above the barrier of 17,000. Recall that the BTC/USD has been bouncing from the 200-hour moving average and this has helped it gain momentum in the short and medium term.
The resistance of 17,076 continues to be a major obstacle for the bulls and it is possible that news regarding the capitalization of cryptocurrency in the futures market in the United States continues to be the main driver of movements in the short term. During the first day of operations, the BTC remained bullish and above the 17,000 mark.
In a few minutes, the Bitcoin moved about 1,000 against the US dollar, which indicates that there is still caution regarding the interest of this cryptocurrency in the futures market. According to the capitalization shown by CoinMarketCap, the BTC has been showing gains among the top 10 of the main critics worldwide, making a total of $ 456 billion dollars.
What do we expect?
According to our projections on the H1 chart, the Parabolic SAR continues to support the bullish price action in the Bitcoin and it is possible that the rebound made on the 200-hour moving average is enough to reach the next Fibonacci target of -23.6% in 19,114.29. On the downside, we have a strong support in the psychological barrier of 15,000. The RSI remains in positive territory, favoring the bullish scenario for the short term.
More:
https://fbs.com/analytics/articles/bitcoin-btc-usd-favored-by-the-bullish-price-action-5664
GBP/USD Daily Analytics 06:46 13.12.2017
Technical levels: support – 1.3310; resistance – 1.3370.
Trade recommendations:
Buy — 1.3320/30; SL — 1.3300; TP1 — 1.3370; TP2 — 1.3400.
Reason: narrowing bullish Ichimoku Cloud, falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, with falling Tenkan-sen; the prices in a cloudy area on the support of Senkou Span B.
More:
https://fbs.com/analytics/articles/gbp-usd-pound-reached-ssb%E2%80%99s-support-5670
AUD/USD Daily Analytics 06:47 13.12.2017
Technical levels: support – 0.7540; resistance – 0.7580
Trade recommendations:
Sell — 0.7570; SL — 0.7590; TP1 — 0.7540; TP2 — 0.7490.
Reason: bearish Ichimoku Cloud with rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices are under strong resistance of the Cloud.
More:
https://fbs.com/analytics/articles/aud-usd-aussie-will-test-cloud%E2%80%99s-resistance-5671
USD/CHF Daily Analytics 07:44 13.12.2017
Recommendation:
BUY 0.9855
SL 0.98
TP1 0.9955 TP2 1.0005 TP3 1.0145
On the daily chart, a break of support at 0.9880-0.9890 will allow bears to develop correction to the lower border of an uptrend channel. On the other hand, a pullback can create grounds for an advance towards 200% target of AB=CD.
On H1, USD/CHF is transforming the inverted “Shark” pattern into 5-0. Usually, a pullback of the pair from 38.2%, 50% and 61.8% of the wave CD is used for opening long positions.
More:
https://fbs.com/analytics/articles/usd-chf-franc-approached-a-milestone-5673
GBP/USD Daily Analytics 07:58 13.12.2017
Recommendation:
BUY 1.3430
SL 1.3375
TP1 1.3530 TP2 1.3585
On the daily chart, GBP/USD is retesting the upper border of the previous consolidation range 1.3040-1.3320. In case of successful break of support at 1.3290-1.3320, bears will have an opportunity to trigger “Shakeout-Fakeout” pattern. To resume the uptrend, bulls need to conquer resistance at 1.3520 and 1.3585.
On H1, GBP/USD has almost reached 78.6% target of the “Gartley” pattern. A pullback of support at 1.3295 with the following return inside the uptrend channel will allow bulls to develop their attack.
More:
https://fbs.com/analytics/articles/gbp-usd-bulls-retreat-but-dont-give-up-5674
EUR/USD Daily Analytics 09:54 13.12.2017
Bears faced with support at 1.1712, so there's a "V-Bottom", which pushed the price to the nearest resistance at 1.1756. Considering that there was a pullback from the Moving Averages, the market is likely going to test the nearest support at 1.1712 - 1.1695 in the short term.
There's a "Double Top", which has been formed under the 34 Moving Average. The main intraday target is the next support at 1.1712 - 1.1695. If a pullback from this area happens little later on, there'll be an opportunity to have an upward price movement towards the nearest resistance at 1.1756 - 1.1772.
More:
https://fbs.com/analytics/articles/eur-usd-double-top-under-34-ma-5677
GBP/USD Daily Analytics 10:00 13.12.2017
The 89 Moving Average has acted as support, so the price is consolidating. Considering that there are a "Double Top" and a "V-Top" patterns, the pair is likely going to achieve the closest support at 1.3278 - 1.3259 in the coming hours.
There's a "Flag" pattern, so bears are likely going to reach the nearest support area at 1.3278 - 1.3259. Meanwhile, if a pullback from these level arrives afterwards, we could have an upward price movement in the direction of another resistance at 1.3336 - 1.3357.
More:
https://fbs.com/analytics/articles/gbp-usd-flag-pattern-5678
EUR/USD Daily Analytics 10:54 13.12.2017
There are bullish patterns such a "Piercing Line" and a "Harami", which both have been confirmed. Therefore, the market is likely going to test the 34 & 55 Moving Averages. If a pullback from these lines happens little later on, there'll be an opportunity to have another decline.
We've got a confirmed "Hammer", which has been formed at the last local low. Meanwhile, we could have a local bearish correction during the day, but bulls are likely going to reach the 144 Moving Average afterwards.
More:
https://fbs.com/analytics/articles/eur-usd-confirmed-hammer-5679
USD/JPY Daily Analytics 10:57 13.12.2017
The upper "Window" has acted as resistance, so there's a confirmed bearish "Harami". The main intraday target is the 34 Moving Average. If a pullback from this line happens, we could have a local upward correction towards the "Window".
The price has been consolidating between the Moving Averages. Also, there's a bearish "Three Methods" pattern, so the market is likely going to test the nearest support area in the short term.
More:
https://fbs.com/analytics/articles/usd-jpy-main-intraday-is-34-ma-5680
EUR/USD Daily Analytics 06:15 15.12.2017
Recommendation:
SELL 1.1750
SL 1.1805
TP1 1.1640 TP2 1.1600 TP3 1.1550
On the daily chart, the inability of bulls to push the pair above resistance at 1.1821 points at their weakness. To continue decline towards 127.2% and 161.8% targets of a “Crab” bears need to lead the pair outside of the uptrend channel and conquer support at 1.1750.
On H1, a break of support at 1.1730-1.1750 will make EUR/USD go to 161.8% and 88.6% targets of the “Shark” and AB=CD.
More:
https://fbs.com/analytics/articles/eur-usd-euro-is-after-a-crab-5733
EUR/GBP Daily Analytics 06:32 15.12.2017
Recommendation:
BUY 0.8850
SL 0.8795
TP1 0.8975 TP2 0.9015 TP3 0.9075
On the daily chart, EUR/GBP keeps consolidating between 0.8740 and 0.9015. A condition needed for the uptrend’s resumption is for the pair to return inside an uptrend channel. On the other hand, if the pair renews December low, the odds of it going to 200% target of AB=CD will increase.
On H1, there are conditions for the formation of the “Head and shoulders”. Successful of resistance close to the neckline at 0.8840-0.8850 will open the way to the upside to bulls.
More:
https://fbs.com/analytics/articles/eur-gbp-bulls-don%E2%80%99t-lose-hope-5734
GBP/USD Daily Analytics 06:33 15.12.2017
Technical levels: support – 1.3420; resistance – 1.3470.
Trade recommendations:
Buy — 1.3420/30; SL — 1.3400; TP1 — 1.3470; TP2 — 1.3510.
Reason: expanding bullish Ichimoku Cloud, rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen, with rising Tenkan-sen; the prices are above the Cloud and on the support of Senkou Span A.
More:
https://fbs.com/analytics/articles/gbp-usd-pound-fixed-above-cloud-5735
AUD/USD Daily analytics 06:35 15.12.2017
Technical levels: support – 0.7630; resistance – 0.7680
Trade recommendations:
Sell — 0.7680; SL — 0.7700; TP1 — 0.7630; TP2 — 0.7590.
Reason: bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices are under strong resistance of 0.7680.
More:
https://fbs.com/analytics/articles/aud-usd-aussie-reached-main-resistance-5736
EUR/USD Daily Analytics 12:45 15.12.2017
Bulls faced with resistance at 1.1859, so there's a "Thorn" pattern. The main intraday target is the nearest support at 1.1728 - 1.1712. If a pullback from this area happens, we could have another upward price movement towards the next resistance at 1.1792 - 1.1814.
All the Moving Averages have been broken, so there's a "V-Bottom" pattern. It's likely that the market is going to reach the closest resistance at 1.1814 in the coming hours. Meanwhile, if we have a pullback from this level, bears will probably try to reach another support at 1.1756 - 1.1728.
More:
https://fbs.com/analytics/articles/eur-usd-all-moving-averages-broken-5740
GBP/USD Daily Analytics 12:48 15.12.2017
The 89 Moving Average has acted as support, so the price is rising. However, there's a "V-Top" pattern, so the market is likely going to decline towards the nearest support at 1.3386 - 1.3369. This area could be a departure point for another bullish price movement in the direction of the next resistance at 1.3454 - 1.3479.
The price is consolidating above the Moving Averages. The main intraday target is the closest resistance at 1.3479. If a pullback from this level happens, there'll be an opportunity to have a decline towards the nearest support at 1.3408 - 1.3398.
More:
https://fbs.com/analytics/articles/gbp-usd-v-top-pattern-5741
EUR/USD Daily Analytics 12:50 15.12.2017
We've got a bearish "Harami", which has been confirmed enough. However, there's an opportunity to have a local bullish correction in the short term. Nevertheless, bears are likely going to reach the next support afterwards.
There's a bullish "Harami", which has been formed at the local low. So, the pair is likely going to test the upper "Window" during the day. If a pullback from this level happens, we could have another decline.
More:
https://fbs.com/analytics/articles/eur-usd-bullish-harami-5743
USD/JPY Daily Analytics 12:52 15.12.2017
There's a bearish "Three Methods" pattern, which has been confirmed. Also, we don't have any reversal pattern so far. In this case, the price is likely going to continue declining towards the next support area.
The lower "Window" is acting as support. Moreover, there's a bullish "Hammer", which hasn't been confirmed yet. So, the pair is likely going to test the nearest Moving Average, which could be a departure point for another bearish price movement.
More:
https://fbs.com/analytics/articles/usd-jpy-lower-window-acting-as-support-5744
BITCOIN (BTC/USD) 21:56 17.12.2017
The Bitcoin continues to be the protagonist of the main headlines of the media that cover the movements of cryptocurrency, since during the weekend reached the important psychological level of 19,000, also renewing its highest level of all time. The yields of the BTC, according to the latest data, already exceed 80%.
However, due to the growth that cryptocurrency has had in a meteoric manner, concerns that this is the indicator that there is a bubble on the verge of bursting to continue to keep investors wary of maintaining long-term positions. According to the latest reports, it is speculated that the price of Bitcoin has been inflated in an artificial way for the benefit of speculators.
On the other hand, Bitcoin futures, listed as XBT, show a consolidation above the level of 18,000. According to the technical outlook, there is still a follow-up of a bullish trend line projected from the lows of December 10th, providing dynamic support to cryptocurrency in the short term.
What do we expect?
According to our projections in the H1 chart, the Parabolic SAR is supporting the idea that Bitcoin is entering a slight corrective phase, which will allow consolidating some of the gains recorded over the weekend. The price has already reached the Fibonacci target of -23.6% at 19,114 and this is the indicator that take profit's orders are being activated, before reaching the key psychological level of 20,000.
More:
https://fbs.com/analytics/articles/bitcoin-btc-usd-on-its-way-to-reach-the-20k-milestone-5760
AUD/USD 21:59 17.12.2017
AUD/USD was one of the pair which posted strong gains across the board, with the Australian Dollar gaining momentum above the 0.7600 milestone. However, the pair is entering a consolidation phase that could allow a corrective move towards the Fibonacci area of 50% and 65%, between the 0.7596 and 0.7567 levels. Around that zone, we can expect demand for the Aussie in order to rally towards the -23.6% Fibo level at 0.7737.
RSI indicator remains in the negative territory.
More:
https://fbs.com/analytics/articles/aud-usd-close-to-reach-a-demand-zone-5761
EUR/USD Daily analytics 08:10 18.12.2017
Technical levels: support – 1.1740; resistance – 1.1800.
Trade recommendations:
Buy — 1.1810; SL — 1.1790; TP1 — 1.1880; TP2 – 1.1920.
Reason: narrowing bearish Ichimoku Cloud, rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices are returned into negative area, but the Bears can’t maintain the downtrend.
More:
https://fbs.com/analytics/articles/eur-usd-euro-returned-to-negative-area-5766
NZD/USD Daily Anlytics 11:07 18.12.2017
Recommendation:
BUY 0.7075
SL 0.7020
TP1 0.7165 TP2 0.7265
On the daily chart, buyers managed to lead the pair outside of the short-term consolidation range and return them inside an uptrend channel. If they succeed, the risks of an uptrend resumption will increase. The recoil of diagonal resistance will allow expecting the test of resistance at 0.6963.
On H1, NZD/USD is realizing “Head and Shoulders” and “Shark” patterns. If the pair renews December high, it will create grounds for 88.6% of the “Shark” patterns.
More:
https://fbs.com/analytics/articles/nzd-usd-wants-to-get-into-an-old-cage-5773
AUD/USD Daily Analytics 11:14 18.12.2017
Recommendation:
BUY 0.7695
SL 0.764
TP1 0.7810 TP2 0.7850
On the daily chart, AUD/USD bulls managed to lead the pair outside of the downtrend channel and return it inside the long-term uptrend channel. If the pair renews December high with the following break of resistance at 0.7736-0.7752, the odds of a rally will increase.
On H1, the “shark” pattern is transforming into 5-0 and trading within a “Widening wedge”. A successful test of resistance at 0.7695-0.7700 will open the way north to 78.6% and 88.6% of the last descending wave.
More:
https://fbs.com/analytics/articles/aud-usd-returns-to-an-old-trend-5774
EUR/USD Daily Analytics 12:11 18.12.2017
Bears faced with support at 1.1772, so there's a "V-Bottom", which pushed the price to the Moving Averages. The main intraday target is the next resistance at 1.1814 - 1.1859. If a pullback from these levels happens, we could have a decline towards the nearest support at 1.1728 - 1.1712.
The 34 & 55 Moving Averages have been broken, so the pair is likely going to reach the closest resistance at 1.1814 - 1.1847. Meanwhile, if we have a pullback from this area, there'll be an opportunity to see another decline in the direction of the next support at 1.1756 - 1.1728.
More:
https://fbs.com/analytics/articles/eur-usd-v-bottom-pattern-5775
GBP/USD Daily Analytics 12:13 18.12.2017
There's a "V-Bottom" pattern, which has been confirmed. Therefore, the market is likely going to test the nearest resistance area at 1.3386 - 1.3408. These levels could be a departure point for another decline towards the next support at 1.3300 - 1.3278.
We've got a "Double Bottom", so the price is rising. The main intraday target is the nearest resistance at 1.3386 - 1.3408. Meanwhile, if a pullback from this area happens, bears will probably try to reach another support at 1.3300 - 1.3278.
More:
https://fbs.com/analytics/articles/gbp-usd-price-going-to-test-next-resistance-5776
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