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GBP/USD Daily Analytics 09:23 13.11.2017
The last "Thorn" pattern has been confirmed by the "Breakaway Gap". So, the market is likely going to test the nearest support area 1.3087 - 1.3069. If we see a pullback from these levels, we should keep an eye on the next resistance at 1.3150 - 1.3182 as an intraday target.
There's a new "Breakaway Gap", which was formed this morning. The main bearish target is the next support area at 1.3080 - 1.3074, which could be a departure point for a bullish price movement in the direction of another resistance at 1.3182 - 1.3105.
More:
https://fbs.com/analytics/articles/gbp-usd-new-breakaway-gap-5036
EUR/USD Daily Analytics 11:13 13.11.2017
The 55 Moving Average is acting as resistance, so we've got a "Shooting Star" on this line. However, confirmation of this pattern is a quite weak, so we could have just a local bearish correction. If a pullback from the nearest support happens little later on, there'll be an opportunity to have an upward price movement towards the 89 Moving Average.
There's a bearish "Three Methods" pattern, which has been strongly confirmed. Also, there isn't any reversal pattern so far. In this case, the market is likely going to decline in the direction of the nearest support level, which could be a departure point for another bullish rally.
More:
https://fbs.com/analytics/articles/eur-usd-three-methods-pattern-5037
USD/JPY Daily Analytics 11:16 13.11.2017
The 21 & 34 Moving Averages are acting as resistance, so there's a bearish "Harami" pattern, which has been confirmed enough. Therefore, the price is likely going to get support on the lower "Window" in the short term.
The price has been consolidating under the Moving Averages. Also, there's a bearish "Tower", which has been confirmed by the last "Three Methods" pattern. So, the market is likely going to continue declining during the day.
More:
https://fbs.com/analytics/articles/usd-jpy-bearish-tower-5038
XAU/USD Daily Analytics 07:28 14.11.2017
Recommendations:
SELL $1268 SL $1280 TP1 $1237 TP2 $1212
BUY $1287 SL $1275 TP $1310 TP2 $1321
On the daily chart, XAU/USD formed a triangle. A break of its upper border close to $1266 an ounce will return the price inside the downtrend channel and increase the odds of achieving 78.6% and 200% of Gartley and AB=CD. On the other hand, successful test of resistance at $1288 will revive hope for the uptrend’s resumption.
On H1, XAU/USD formed a “Widening wedge”. Traders can bet on the break of $1268-1287 range.
More:
https://fbs.com/analytics/articles/xau-usd-the-triangle-will-be-a-judge-5068
Edited by user
2017-11-14T08:13:22Z
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Reason: Not specified
USD/CAD Daily Analytics 07:43 14.11.2017
Recommendation:
BUY 1.2830
SL 1.2775
TP1 1.2985 TP2 1.3075
On the daily chart, the inability of bears to let USD/CAD outside of the uptrend channel points at sellers’ weakness. Bulls managed to hold to 1.2717 and are able to go to 88.6% target of the “Shark” pattern.
On H1, a break of the upper border of the downtrend channel increases the risks of triggering AB=CD pattern and reaching 127.2%, 161.8%, and 200% targets. However, at first, bulls need to push the pair above 1.2830.
More:
https://fbs.com/analytics/articles/usd-cad-bulls-launch-an-attack-5069
EUR/USD Daily Analytics 08:38 14.11.2017
The main trend is still bearish, but the price is consolidating. The 55 Moving Average is acting as resistance, so the pair is likely going to reach the nearest support at 1.1634 - 1.1615 in the short term. If a pullback from this levels happens little later on, we could have another upward price movement towards the next resistance at 1.1695 - 1.1724.
There's a "Double Bottom" pattern, which has been formed above the 34 Moving Average, so the price is consolidating. The main intraday target is the closest resistance at 1.1689 - 1.1695. If we have a pullback from this area, bears will probably try to reach the 89 MA.
More:
https://fbs.com/analytics/articles/eur-usd-double-bottom-pattern-5072
GBP/USD Daily Analytics 08:41 14.11.2017
Bears faced support at 1.3087, so there's a "V-Bottom" pattern, which pushed the price higher. Nevertheless, if the 34 Moving Average acts as resistance, there'll be an opportunity to have a decline towards the nearest support at 1.3087 - 1.3069. This area could be a departure point for another bullish price movement.
There's a "V-Bottom" pattern, which led to the current upward price movement. The main intraday target is the nearest resistance at 1.3150. Meanwhile, if we have a pullback from this level, bears will have a green light to test the closest support at 1.3085 afterwards.
More:
https://fbs.com/analytics/articles/gbp-usd-v-bottom-pattern-5073
EUR/USD Daily Analytics 09:22 14.11.2017
Technical levels: support – 1.1660; resistance – 1.1725.
Trade recommendations:
Sell — 1.1725; SL — 1.1745; TP1 — 1.1660; TP2 – 1.1640
Reason: bearish Ichimoku Cloud, but rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising lines; the prices are inside a Cloud, but there is a strong resistance of Senkou Span B.
More:
https://fbs.com/analytics/articles/eur-usd-euro-will-test-senkou-span-b-5075
GBP/USD Daily Analytics 09:23 14.11.2017
Technical levels: support – 1.3070; resistance – 1.3120.
Trade recommendations:
Sell — 1.3120; SL — 1.3140; TP1 — 1.3070; TP2 — 1.3010.
Reason: bearish Ichimoku Cloud with horizontal lines Senkou Span A and B; a cancelled golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market in consolidation under the bottom border of the Cloud.
More:
https://fbs.com/analytics/articles/gbp-usd-pound-in-consolidation-under-cloud-5076
EUR/USD Daily Analytics 14:57 14.11.2017
The price has broken all the Moving Averages, but there isn't any reversal pattern so far, cause all the last candles are bullish. So, if the 89 Moving Average acts as support, there'll be an opportunity to have another upward price movement.
Bulls reached the "Window", but there isn't any reversal pattern for now. However, if any bearish pattern forms in the coming hours, we could have a downward correction.
More:
https://fbs.com/analytics/articles/eur-usd-bulls-reached-the-window-5077
USD/JPY Daily Analytics 15:00 14.11.2017
The upper "Window" acted as resistance, so there's a "Shooting Star" pattern, which hasn't been confirmed yet. In this case, we could have a bearish price movement in the short term.
We've got bearish patterns such a "Harami" and a "Three Black Crows", which both have been confirmed. So, the market is likely going to continue falling down during the day.
More:
https://fbs.com/analytics/articles/usd-jpy-harami-and-three-black-crows-5078
USD/CHF Daily Analytics 06:42 15.11.2017
Recommendation:
BUY 0.9985
SL 0.993
TP1 1.0085 TP2 1.0145
On the daily chart, USD/CHF is getting outside of the trade channel. This increases the odds of correction. If bears manage to pull the pair below support at 0.9890 and fix below it, chances of continuation of the pullback to 0.9775-0.9800 will increase.
On H1, return to the middle of the previous consolidation range of 0.9940-1.0035 will trigger “Shakeout-Fakeout” and be a signal for opening longs. There we also find the lower border of an uptrend channel.
More:
https://fbs.com/analytics/articles/usd-chf-bears-practice-deceit-5090
Edited by user
2017-11-15T07:44:32Z
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Reason: Not specified
GBP/USD Daily Analytics 06:54 15.11.2017
Recommendation:
BUY 1.3295 SL 1.324 TP 1.3415 TP2 1.352
SELL 1.3045 SL 1.31 TP1 1.289 TP2 1.2715
On the daily chart, GBP/USD keeps consolidating in 1.3045-1.3320 range. A successful test of its lower border will open bears way down to 200% target of AB=CD. On the other hand, a rise above 1.3320 will increase the risks of uptrend’s resumption.
On H1, there’s the senior widening wedge pattern. Taking into account increased volatility in November and formation of the junior pattern, play it on the breaks of resistance at 1.3295 and support at 1.3045.
More:
https://fbs.com/analytics/articles/gbp-usd-got-confused-in-wedges-5091
EUR/USD Daily Analytics 09:02 15.11.2017
Bulls faced with resistance at 1.1787, so the price is consolidating. The main intraday target is the next resistance at 1.1836. If a pullback from this level happens, we could have a bearish correction in the direction of the nearest support at 1.1787.
There's a bullish "Flag" pattern, so the market is likely going to continue moving up towards the closest resistance at 1.1804 - 1.1836 during the day. However, if a pullback from these levels arrives little later on, there'll be an opportunity to have a downward correction towards the nearest support at 1.1804 - 1.1787.
More:
https://fbs.com/analytics/articles/eur-usd-bullish-flag-pattern-5096
GBP/USD Daily Analytics 09:08 15.11.2017
The price is consolidating near the 89 Moving Average. Also, there's a bullish "Thorn" pattern, so the market is likely going to test the next resistance at 1.3182 - 1.3238. If a pullback from these levels happens, we could have a decline towards the closest support at 1.3182 - 1.3150.
The Moving Averages have acted as support, so there's a "V-Bottom" pattern. In this case, bulls are likely going to reach the nearest resistance at 1.3179 during the day. If we see a pullback from this level, there'll be time for downward correction.
More:
https://fbs.com/analytics/articles/gbp-usd-moving-averages-acted-as-support-5097
EUR/USD Daily Analytics 12:35 15.11.2017
There's a bullish "Three Methods" pattern, so the price is likely going to test the nearest resistance. If a pullback from this level happens little later on, there'll be an opportunity to have a bearish correction.
We've got a bearish "Doji", which has been formed at the last local high. So, the lower "Window" is likely going to act as support in the coming hours. If a pullback from this level arrives afterwards, we could have another bullish rally.
More:
https://fbs.com/analytics/articles/eur-usd-bearish-doji-5099
USD/JPY Daily Analytics 12:39 15.11.2017
The lower "Window" has acted as support, but there isn't any bullish pattern so far. However, we could have a local upward correction, but bears are likely going to continue to push the price even lower afterwards.
The price is still declining, but there's a bullish "Hammer" at the local low. Meanwhile, this pattern hasn't been confirmed yet, so there's an option to have just a local correction. Therefore, we're likely going to have another decline pretty soon.
More:
https://fbs.com/analytics/articles/usd-jpy-window-acted-as-support-5100
EUR/USD Daily Analytics 14:21 15.11.2017
The market couldn't fixate below 8/8 MM Level, so there's developing wave 5 of (C). Previously, we had an extension in wave 3. Therefore, the last high is likely going to be broken soon.
Wave 4 took the form of a zigzag, which led to the current upward price movement. The main intraday target for wave [i] is 7/8 MM Level, which could be a departure point for wave [ii] of 5.
More:
https://fbs.com/analytics/articles/eur-usd-price-couldnt-fixate-below-8-8-mm-level-5102
TRADING PLAN FOR NOVEMBER 16 14:23 15.11.2017
The US dollar index (DXY) declined below 93.50 on Wednesday. The USD was pressured by the decline of the US Treasury yields. American data came out mixed on Wednesday: there was a slight increase in core CPI growth rate, but wages remained soft. Next support for DXY lies at 93.05 (October 19 low). The US will release unemployment claims and Philly Fed manufacturing index at 15:30 MT time and industrial production at 04:15 MT time on Thursday.
EUR/USD rose above 1.1800 for the first time in 3 weeks. Demand for the euro rose as investors resumed buying European equities and the region’s economic figures remain strong. Resistance is at October high of 1.1880 and 1.1910.
GBP/USD is hesitating around 1.3170 after the release of the UK labor market figures. Wage growth exceeded forecast a bit, although the inactivity rate – a number of people not working or seeking job – rose by most in nearly 8 weeks. The release of retail sales on Thursday is the next important event in British economic calendar at 11:30 MT time. In addition, the market will await comments from the Bank of England’s governor Carney during the day. On the upside, the pair’s limited by resistance line from September highs at 1.3210. Support is in 1.3090 area (support line since February) ahead of 1.3000 (psychological level).
AUD/USD fell as Australian wage price index disappointed. The Aussie found support at 0.7575 (long-term support line). Attempts to recover will face resistance at 0.7625 (previous support), 0.7650. On Thursday, Australia will release labor market figures at 02:30 MT time.
More:
https://fbs.com/analytics/articles/trading-plan-for-november-16-5103
EUR/JPY Daily Analytics 07:33 16.11.2017
Recommendation:
BUY 133.65
SL 133.1
TP1 134.65 TP2 136
On the daily chart, EUR/JPY reached the targets of “Wolfe waves” pattern. A break of diagonal resistance at 2-4 increased risks of an uptrend’s resumption. To reach targets at 161.8% and 224% of AB=CD the pair should renew November high.
On H1, EUR/JPY formed “Wolfe waves” and “Deep Shark”. Correction to 23.6%, 38.2% and 50% of the wave CD are usually used for forming long positions as the Shark is transforming into 5-0.
More:
https://fbs.com/analytics/articles/eur-jpy-euro-is-resuming-its-trend-5115
EUR/USD Daily Analytics 07:40 16.11.2017
Technical levels: support – 1.1770; resistance – 1.1850.
Trade recommendations:
Buy — 1.1790; SL — 1.1770; TP1 — 1.1850; TP2 – 1.1880
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 made a new highs and corrected to the support of Tenkan-sen.
More:
https://fbs.com/analytics/articles/eur-usd-euro-made-new-highs-5116
GBP/USD: POUND CAN’T BREAKING SSB’S RESISTANCE
07:41 16.11.2017
Technical levels: support – 1.3110; resistance – 1.3180.
Trade recommendations:
Sell — 1.3100; SL — 1.3120; TP1 — 1.3050; TP2 — 1.3010.
Buy — 1.3150; SL — 1.3130; TP1 — 1.3260; TP2 — 1.3300.
Reason: narrowing bearish Ichimoku Cloud with rising Senkou Span A; a cancelled dead cross of Tenkan-sen and Kijun-sen; the prices are inside of a Cloud and under pressure of SSB’s resistance.
More:
https://fbs.com/analytics/articles/gbp-usd-pound-can%E2%80%99t-breaking-ssb%E2%80%99s-resistance-5117
EUR/USD Daily Analytics 07:55 16.11.2017
The price faced with resistance at 1.1857, so there's a "V-Top" pattern, which pushed the pair to the nearest support at 1.1767 - 1.1743. If a pullback from this area happens little later on, there'll be an opportunity to have a bullish price movement towards another resistance at 1.1836 - 1.1857.
There's a "Double Top" pattern, but the market faced with support at 1.1767, so the price is consolidating. In this case, we could have an upward price movement in the direction of another resistance at 1.1804 - 1.1820. However, if a pullback from these levels happens afterwards, there'll be time for a decline towards the closest support at 1.1767 - 1.1742.
More:
https://fbs.com/analytics/articles/eur-usd-double-top-pattern-5120
GBP/USD Daily Analytics 07:58 16.11.2017
There's a "Thorn" pattern, so the price is consolidating. The main intraday target is the nearest support at 1.3150 - 1.3109. If a pullback from this area happens little later on, bulls are likely going to reach the next resistance at 1.3182 - 1.3238.
The price is consolidating under the Moving Averages. Also, there's a "Thorn" pattern, which has been confirmed. Therefore, the pair is likely going to reach the nearest support at 1.3150 - 1.3153. This area could be a departure point for another upward price movement.
More:
https://fbs.com/analytics/articles/gbp-usd-thorn-pattern-5121
USD/JPY Daily Analytics 07:59 16.11.2017
Recommendation:
BUY 113.25
SL 112.7
TP1 114.25 TP2 114.8
On the daily chart, USD/JPY broke the lower border of a rising triangle and then retested it. This was a sign that bears attacked. Sellers tested support at 113 and are trying to fix below it. If they succeed, risks of reaching 88.6% target of a “Shark” pattern will increase.
On H1, USD/JPY is forming “Wolfe waves” pattern. To trigger it the pair needs a convincing test of resistance at 113.25. The inverted “Crab” pattern with a target at 161.8% will be also triggered.
More:
https://fbs.com/analytics/articles/usd-jpy-bulls-are-catching-wave-5122
EUR/USD Daily Analytics 09:56 16.11.2017
There's a developing bullish impulse in wave [i]. Previously, we had a zigzag in wave 4, which means we could have another upward rally. If a pullback from 7/8 MM Level happens little later on, there'll be time for a bearish correction.
6/8 MM Level acted as resistance, so wave (iii) has been ended. Currently, the price is declining in wave (iv). If a pullback from the 34 Moving Average happens during the day, bulls are likely going to deliver another upward impulse in wave (v) of [i].
More:
https://fbs.com/analytics/articles/eur-usd-6-8-mm-level-acted-as-resistance-5127
USD/JPY Daily Analytics 12:45 16.11.2017
There's a "Hammer", which has stopped the last bearish rally. Considering yesterday's "Engulfing" pattern, the market is likely going to continue moving up towards the Moving Averages in the short term
The price has reached the 34 Moving Average, but there isn't any reversal pattern for now. So, bulls are likely going to test the upper "Window", which could be a departure point for a short-term decline.
More:
https://fbs.com/analytics/articles/usd-jpy-hammer-stopped-bearish-rally-5129
EUR/USD Daily Analytics 12:48 16.11.2017
There're bearish patterns such an "Evening Star" and a "High Wave". So, the price is likely going to test the nearest support. If a pullback from this level happens little later on, we could have another upward price movement.
The last "High Wave" pattern led to the current decline, but there isn't any bullish pattern so far. In this case, the 55 Moving Average is likely going to act as support soon. If a pullback from this line happens, there'll be an opportunity to have a bullish price movement.
More:
https://fbs.com/analytics/articles/eur-usd-high-wave-pattern-5130
AUD/USD Daily Analytics 07:34 17.11.2017
Technical levels: support – 0.7480; resistance – 0.7580
Trade recommendations:
Sell — 0.7560; SL — 0.7580; TP1 — 0.7480; TP2 — 0.7440.
Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A and B; an dead cross of Tenkan-sen and Kijun-sen, falling Tenkan-sen and Kijun-sen; the prices are made a new lows and downtrend will continue.
More:
https://fbs.com/analytics/articles/aud-usd-aussie-going-to-new-lows-5141
Edited by user
2017-11-17T09:37:45Z
|
Reason: Not specified
USD/JPY Daily Analytics 07:35 17.11.2017
Technical levels: support – 112.50; resistance – 112.80.
Trade recommendations:
Sell — 112.70; SL — 112.90; TP1 — 112.20; TP2 — 112.00.
Reason: bearish Ichimoku Cloud with falling Senkou Span A and B; a new dead cross of Tenkan-sen and Kijun-sen; the prices are fixed under the Cloud.
More:
https://fbs.com/analytics/articles/usd-jpy-dollar-in-negative-mood-5142
EUR/USD Daily Analytics 07:41 17.11.2017
Recommendation:
BUY 1.1860
SL 1.1805 TP1 1.1960
TP2 1.2050
On the daily chart, bulls managed to lead the pair outside of the descending trend. If they manage to continue the attack and redraw November high, risks of 88.6% target of an inverted “Shark” pattern will significantly increase. It’s located near 1.2050.
On H1, EUR/USD keeps forming a “Widening wedge”. Pullback towards 23.6% of the wave 4-5 allowed to form longs. A break of resistance at 1.1860 will provide an opportunity to add to bullish positions.
More:
https://fbs.com/analytics/articles/eur-usd-euro-is-returning-to-the-game-5143
EUR/GBP Daily Analytics 08:07 17.11.2017
Recommendation:
BUY 0.8875
SL 0.882
TP1 0.8975 TP2 91
On the daily chart, pin bar stopped the bulls’ attack for some time. Never the less, as long as the quotes are above the upper border of the uptrend, chances for the formation of a “Dragon” pattern are still high. To begin with, buyers should renew high at 0.9020.
On H1, EUR/GBP keeps forming a “Crab”. Pullbacks to 50% of the last bullish wave with the following rebound of the uptrend channel’s lower border will be a signal for opening long positions.
More:
https://fbs.com/analytics/articles/eur-gbp-bulls-prepare-a-counterattack-5144
EUR/USD Daily Analytics 09:25 17.11.2017
Bears faced with support at 1.1767, so there's a bullish "V-Bottom" pattern, which pushed the price to the nearest resistance at 1.1836. The main intraday target is the next resistance at 1.1857, which could be a departure point for a bearish correction.
The 89 Moving Average has acted as support, so there's a "Triple Bottom" pattern, which led to the current consolidation. In this case, the pair is likely going to reach the closest resistance at 1.1836 - 1.1859 in the short term. If a pullback from this area happens a little later on, we could have a decline towards the nearest support at 1.1787 - 1.1767.
More:
https://fbs.com/analytics/articles/eur-usd-triple-bottom-pattern-5146
GBP/USDDaily Analytics 09:28 17.11.2017
There's a bullish "Thorn", which led to forming a new local high. The main intraday target is the next resistance at 1.3278 - 1.3298. Meanwhile, if a pullback from these levels arrives afterwards, bears will probably try to reach another support at 1.3238 - 1.3213.
Bulls have broken the local downtrend line, so the price is rising. It's likely that the pair is going to achieve the next resistance at 1.3278 - 1.3298 during the day. This area could be a departure point for a bearish correction in the direction of the closest support at 1.3238 - 1.3213.
More:
https://fbs.com/analytics/articles/gbp-usd-bullish-thorn-5147
EUR/USD Daily Analytics 11:07 17.11.2017
There's a bullish "Doji", which has been confirmed, so the price is likely going to test the nearest resistance. If a pullback from this level happens, we could have just another decline towards the 89 Moving Average.
The upper "Window" has acted as resistance, so we've got a local decline. At the same time, there's a bullish "Doji", which means, the "Window" is likely going to be tested once again during the day.
More:
https://fbs.com/analytics/articles/eur-usd-bullish-doji-5150
USD/JPY Daily Analytics 11:10 17.11.2017
There's a bullish "Hammer", which has been formed at the last local low. The Moving Averages are acting as resistance. So, we could have just bullish correction and the following decline afterwards.
We've got an "Inverted Hammer", but confirmation of this pattern is a quite weak. Therefore, the market is likely going to test the upper "Window" in the short term. If a pullback from this level happens, there'll be an opportunity to have just another decline.
More:
https://fbs.com/analytics/articles/usd-jpy-inverted-hammer-5151
EUR/USD Daily Analytics 11:18 17.11.2017
There's a developing bullish impulse, which could be wave [i]. Also, we've got a pullback from 5/8 MM Level, so there's an opportunity to have wave (v) of [i]. The main intraday target is 7/8 MM Level, which could be a departure point for wave [ii].
The 34 Moving Average has acted as support once again, so wave (iv) might have been formed. In this case, bulls are likely going to deliver wave (v) of [i] in the coming hours. In this case, the high of wave (iii) will be broken pretty soon.
More:
https://fbs.com/analytics/articles/eur-usd-developing-bullish-impulse-5153
EUR/USD Daily Analytics 05:26 20.11.2017
There's a pullback from 6/8 MM Level, so wave [i] might have been formed. In this case, we could have wave [ii] soon. If a pullback from 4/8 MM Level happens little later on, there'll be a green light for wave [iii].
Wave [ii] is likely going to take the form of a zigzag. If the market fixates above 4/8 MM Level during the day, bulls are likely going to deliver wave (i) of [iii].
More:
https://fbs.com/analytics/articles/eur-usd-pullback-from-6-8-mm-level-5180
Edited by user
2017-11-20T08:41:54Z
|
Reason: Not specified
NZD/USD Daily Analytics 07:46 20.11.2017
Recommendation:
SELL 0.6870
SL 0.6925
TP1 0.677 TP2 0.6625
On the daily chart, the inability of bulls to settle above 0.6907 and 0.6823 points at their weakness. The downtrend towards targets at 127.2% and 161.8% of the “Crab” pattern continues. A condition necessary for its break is the pair’s return to resistance at 0.6980.
On H1, NZD/USD triggering of the “Bat” pattern with the following test of resistance at 0.6825 will increase the risks of a move to 88.6%. At that level, it will be sensible to sell the pound.
More:
https://fbs.com/analytics/articles/nzd-usd-kiwi-is-falling-in-the-abyss-5183
AUD/USD Daily Analytics 08:13 20.11.2017
Recommendation:
BUY 0.7495
SL 0.7440
TP1 0.7606 TP2 0.765
On the daily chart, AUD/USD after reaching 88.6% target of the “Shark” and a pullback to 23.6% of the wave CD, there was a resumption of a downtrend. The Australian dollar is heading to convergence area at $0.7495-0.7500 (113target of the “Shark” + 78.6% correction level), at which there are odds of a rebound.
On H1, an advance to 224% target of AB=CD creates an opportunity for aggressive longs. Conservative entry requires confirmation.
More:
https://fbs.com/analytics/articles/aud-usd-is-catching-falling-knives-5184
EUR/USD Daily Analytics 04:40 21.11.2017
There's a pullback from 6/8 MM Level, so wave [i] might have been formed. Therefore, the price is declining in wave [ii]. The main intraday target is 3/8 MM Level, which could be a departure point for wave [iii].
As we can see on the one-hour chart, wave [ii] is taking the form of a zigzag, so wave (c) is likely going to move on towards 3/8 MM Level. In this case, we could have a new local low during the day.
More:
https://fbs.com/analytics/articles/eur-usd-wave-ii-taking-form-of-zigzag-5209
AUD/USD Daily Analytics 08:41 21.11.2017
Technical levels: support – 0.7480; resistance – 0.7560
Trade recommendations:
Sell — 0.7540; SL — 0.7560; TP1 — 0.7500; TP2 — 0.7480.
Buy — 0.7480; SL — 0.7460; TP1 — 0.7530; TP2 — 0.7550.
Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen, falling Tenkan-sen; the prices are made a new lows, but there is a strong support on 0.7480.
More:
https://fbs.com/analytics/articles/aud-usd-aussie-reached-new-lows-but-near-main-support-5215
USD/JPY Daily Analytics 08:42 21.11.2017
Technical levels: support – 112.00; resistance – 112.60.
Trade recommendations:
Sell — 112.50; SL — 112.70; TP1 — 112.00; TP2 — 111.50.
Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen; the market corrected to Kijun-sen and ready to continue existing downtrend.
More:
https://fbs.com/analytics/articles/usd-jpy-dollar-will-continue-downtrend-5216
EUR/USD Daily Analytics 00:10 22.11.2017
There's a "Double Top" pattern, which has been confirmed, so the price is consolidating. The main intraday target is the 55 Moving Average. If a pullback from this line happens little later on, bulls will probably try to reach another resistance at 1.1743 - 1.1767.
The price is consolidating between the Moving Averages, so there's a confirmed "Double Bottom" pattern. In this case, the market is likely going to reach the nearest resistance at 1.1767. This level could be a departure point for a decline towards the next support at 1.1712 - 1.1689.
More:
https://fbs.com/analytics/articles/eur-usd-double-top-pattern-5235
GBP/USD DAily Analytics 00:13 22.11.2017
There's a consolidation, which is taking place between the levels 1.3278 - 1.3213. Also, we've got a bearish "Double Top", so the pair is likely going to test the closest support at 1.3201 - 1.3182 in the short term. If we have a pullback from these levels, there'll be an opportunity to have another upward price movement towards the next resistance at 1.3278 - 1.3298.
The price is consolidating between the levels 1.3278 - 1.3213. The 34 Moving Average has acted as support, so the market is likely going to test the nearest resistance at 1.3246 - 1.3266. Meanwhile, if we see a pullback from this area, bears will probably try to test the closest support at 1.3186 - 1.3179.
More:
https://fbs.com/analytics/articles/gbp-usd-34-moving-average-acted-as-support-5236
[/B]EUR/USD Daily Analytics[/B]
01:48 22.11.2017
The 34 & 55 Moving Averages are acting as support, but there isn't any reversal pattern so far. In this case, the price is likely going to test the nearest support area once again. If a bullish pattern forms little later on, there'll be an opportunity to have an upward correction.
The price is consolidating between the Moving Averages. At the same time, there's a bearish "High Wave" pattern, so the price is likely going to break the last low in the coming hours.
More:
https://fbs.com/analytics/articles/eur-usd-34---55-ma-acting-as-support-5237
USD/JPY Daily analytics 01:51 22.11.2017
The upper "Window" is acting as resistance, but there's a bullish "High Wave" pattern. In this case, the market is likely going to test the 55 Moving Average, which could be a departure point for another decline.
There's a bullish "Engulfing", which has been formed at the last local low, but confirmation of this pattern isn't enough. The main intraday target is the 144 Moving Average, which could act as resistance soon.
More:
https://fbs.com/analytics/articles/usd-jpy-bullish-engulfing-pattern-5238
EUR/USD Daily Analytics 06:42 22.11.2017
Wave [ii] is still underway, so we should keep an eye on 3/8 MM level as the next bearish target. If a pullback from this level happens little later on, there'll be an opportunity to have an impulse in wave [iii].
There's a possible leading diagonal in wave (a). In this case, we could have wave (b) during the day. Nevertheless, bears are likely going to deliver wave (c) of [ii] afterwards.
More:
https://fbs.com/analytics/articles/eur-usd-leading-diagonal-in-wave-a-5242
USD/CHF Daily Analytics 07:08 22.11.2017
Recommendations:
BUY 0.9945
SL 0.989
TP1 1.0005 TP2 1.0045 TP3 1.0145
On the daily chart, USD/CHF came to the lowest border of the uptrend trade channel and important support in the 0.9882-0.9891 area. If bulls manage to push the pair above these levels, risks of the uptrend’s resumption towards 161.8% of AB=CD will increase.
On H1, USD/CHF is retesting the neckline of “Head and Shoulders”. The pullback with the following successful test of resistance at 0.9940-0.9945 will trigger a “Crab” pattern with the target at 161.8%.
More:
https://fbs.com/analytics/articles/usd-chf-bulls-are-in-defense-5243
GBP/USD Daily Analytics 07:24 22.11.2017
Recommendation:
BUY 1.3295
SL 1.3240
TP1 1.3415 TP2 1.352 TP3 1.3585
On The daily chart, GBP/USD approached the upper border of the 1.3045-1.3320 range, formed within “Spike and ledge” pattern. A successful test of resistance at 1.3320 will increase the risks of growth towards 1.3520 and 1.3585 with the following resumption of an uptrend.
On H1, GBP/USD reached the targets of the junior “Widening wedge”. A pullback to 38.2% of the wave 4-5 with the following return to 23.6% is usually used for buying. The test of resistance at 1.3295 will allow increasing longs.
More:
https://fbs.com/analytics/articles/gbp-usd-pound-is-cramped-in-the-corridor-5244
EUR/USD Daily Analytics 07:39 22.11.2017
Technical levels: support – 1.1710; resistance – 1.1760.
Trade recommendations:
Buy — 1.1770; SL — 1.1750; TP1 — 1.1850; TP2 – 1.1880
Reason: bullish Ichimoku Cloud, but falling Senkou Span A; a correctional dead cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices are supported by Senkou Span B and returned to upper border of the Cloud.
More:
https://fbs.com/analytics/articles/eur-usd-euro-looking-for-continue-uptrend-5245
GBP/USD Daily Analytics 07:40 22.11.2017
Technical levels: support – 1.3240; resistance – 1.3300.
Trade recommendations:
Buy — 1.3250; SL — 1.3230; TP1 — 1.3300; TP2 — 1.3330.
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 supported on Tenkan-sen and will continue the uptrend.
More:
https://fbs.com/analytics/articles/gbp-usd-pound-supported-by-tenkan-sen-5246
EUR/USD Daily Analytics 00:51 23.11.2017
There's a "Double Bottom" pattern, which has been confirmed. So, the price is likely going to test the nearest resistance at 1.1859 - 1.1874. If a pullback from this area happens little later on, there'll be an opportunity to have a decline towards the closest support at 1.1821 - 1.1787.
We've got a bullish "Diamond" with confirmation, so the price is rising. Finally, the pair faced with resistance at 1.1821, so we could have a bearish correction in the direction of the nearest support at 1.1808 - 1.1787. This area could be a departure point for an upward price movement towards another resistance at 1.1821 - 1.1859.
More:
https://fbs.com/analytics/articles/eur-usd-bullish-diamond-pattern-5263
GBP/USD Daily Analytics 00:54 23.11.2017
There are three bullish "Thorn" patterns in a row, so the price is rising. The main intraday target is the next resistance at 1.3336 - 1.3370. If a pullback from these levels happens little later on, there'll be an option to have a decline in the direction of the nearest support at 1.3298 - 1.3278.
There's a "Triangle" pattern, which upper side has been broken, so the price is still rising. It's likely to have a bearish correction in the short term. However, if we have a pullback from the closest support at 1.3298 - 1.3278, we could have just another bullish rally.
More:
https://fbs.com/analytics/articles/gbp-usd-three-bullish-thorns-in-a-row-5264
EUR/USD Daily Analytics 02:09 23.11.2017
The 34 & 55 Moving Averages have acted as support, so the price is rising, cause there's still no any reversal pattern so far. In this case, the pair is likely going to test the nearest resistance area, which could be a departure point for a decline.
There's no any bearish pattern so far. Also, the nearest "Window" has acted as support. Therefore, the market is likely going to continue moving up until any reversal candle model forms.
More:
https://fbs.com/analytics/articles/eur-usd-window-acted-as-support-5265
USD/JPY Daily Analytics 02:13 23.11.2017
The price has been declining since a "Tweezers" formed under the Moving Averages. So, the pair is likely going to test lower "Window" in the short term. If a pullback from this level happens, we could have an upward correction.
There's still no any bullish pattern, but the price faced with support by the lower "Window". Therefore, we could have a local upward correction during the day, but bears will probably try to deliver a new local low afterwards.
More:
https://fbs.com/analytics/articles/usd-jpy-tweezers-led-to-decline-5266
EUR/USD Daily Analytics 03:43 23.11.2017
There's another pullback from 4/8 MM Level, so wave [ii] might have been formed. In this case, we're likely going to have an upward impulse in wave [iii]. The nearest bullish target is +2/8 MM Level.
4/8 MM Level acted as support, so the price is rising. It seems like wave (i) is about to end. If correct, there's an opportunity to have wave (ii) in the short term.
More:
https://fbs.com/analytics/articles/eur-usd-another-pullback-from-4-8-mm-level-5267
EUR/JPY Daily Analytics 07:10 23.11.2017
Recommendation:
BUY 132.40
SL 131.85
TP1 133.6 TP2 134.4 TP3 136
On the daily chart, bears are testing support at 131.50 for the third time. The inability of the sellers to lower the pair below an important support is a signal of their weakness. This increases the risks of the uptrend’s resumption and advance towards 161.8% and 224% of AB=CD.
On H1, EUR/JPY declined after reaching targets of “Wolfe waves” and “Shark”. The pair’s currently forming a “Dragon” with the following successful test of resistance at 132.40.
More:
https://fbs.com/analytics/articles/eur-jpy-bears-showed-weakness-5271
USD/JPY Daily Analytics 07:17 23.11.2017
Recommendation:
BUY 111.65
SL 111.10
TP1 112.50 TP20 112.90
On the daily chart, USD/JPY returned to the previous long-term channel. At the same time, the pair reached 113% target of the “Shark” pattern. As a result, the risks of a pullback increased. The necessary condition for the start and the development of a correction are a successful test of resistance at 111.65.
On H1, the risk of transformation of the “Shark” into 5-0 have increased. Correction towards 38.2% and 50% of the wave CD is usually used for opening short positions.
More:
https://fbs.com/analytics/articles/usd-jpy-bulls-were-fed-to-the-shark-5272
AUD/USD Daily Analytics 08:20 23.11.2017
Technical levels: support – 0.7560; resistance – 0.7630
Trade recommendations:
Sell — 0.7630; SL — 0.7650; TP1 — 0.7560; TP2 — 0.7530.
Reason: narrowing bearish Ichimoku Cloud with rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen, rising Tenkan-sen; the prices are entered into the Cloud.
More:
https://fbs.com/analytics/articles/aud-usd-aussie-will-test-upper-border-of-cloud-5276
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