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GBP/USD: "THORN" PATTERN
11:34 21.08.2017

1503303929-d4003eb977135f0dd395567f0b274

The last "Flag" pattern has been broken, so the price reached support at 1.2830. Also, there's a "Thorn" pattern, so the market is likely going to test the nearest support at 1.2811. If a pullback from this level happens, bulls will have a green light to reach the next resistance at 1.2892 - 1.2911.

1503303929-e8411940b79df4b3b8c6596486e98

There's a consolidation, which is taking place under the 34 Moving Average. So, the pair is likely going to reach the closest resistance at 1.2892. If we have a pullback from this level, bears will probably try to test support at 1.2930 - 1.2811.

More:
https://fbs.com/analytics/articles/gbp_usd%3a_%22thorn%22_pattern_3104

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EUR/USD: POSSIBLE WEDGE PATTERN
12:33 21.08.2017

1503307952-7a8edf2a050291e45785c566ea9c1

The price has been consolidating since an impulse in wave [iii] finished. It seems like we could have a zigzag in wave [iv]. So, we could have another bearish impulse in wave (c) of [iv] pretty soon.

1503307952-ec4c238da908f2ebcc4a2626834bd

There's a possible wedge pattern in wave (a) of [iv]. Therefore, we could have wave (b), which is likely going to take the form of a double zigzag. In this case, we should keep an eye on 6/8 MM Level as an intraday bullish target.

More:
https://fbs.com/analytics/articles/eur_usd%3a_possible_wedge_pattern_3105
 

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EUR/USD: BEARISH "DOJI"
13:27 21.08.2017

1503311167-2b343867c18cc6c5f814a76c48e5c

We've got a bearish "Doji" on the 34 Moving Average, but confirmation of this pattern isn't enough. So, the price is likely going to test the closest support area, which could be a departure point for an upward price movement.

1503311166-99584a67421441df77e796074075d

We've got an "Engulfing" pattern at the last local high. Considering confirmation of this pattern, the price is likely going to test the nearest support level. The bearish main target is the lower "Window".

More:
https://fbs.com/analytics/articles/eur_usd%3a_bearish_%22doji%22_3111

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USD/JPY: "WINDOW" ACTED AS SUPPORT
13:30 21.08.2017

https://fbs.com/img/articles/3113/1503311167-7ac37306099513065bb808c328f11211_1200x1200_q90.png[/RIMG]

The lower "Window" has acted as support, so we've got an "Inverted Hammer". However, the price couldn't break the upper "Window", so bears are likely going to test the nearest support once again.

1503311167-dbd5fbcba9d6baeef6051cf199716

We've got a local bullish "Harami", which hasn't been confirmed yet. So, the price is likely going to test the closest resistance. If a pullback from this level happens, we could have just another decline.


More:
https://fbs.com/analytics/articles/usd_jpy%3a_%22window%22_acted_as_support_3113

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OIL (WTI) FAVORED BY THE BEARS
01:32 22.08.2017

Oil (WTI) didn’t achieve to consolidate its gains above the 200 SMA at H1 chart and around that area, it found dynamic resistance; a move that was confirmed with a double top pattern. The Fibonacci area of 50% and 65% has been providing the enough supply to make a sell-off in the crude and it’s now heading to lower levels.

If the crude oil manages to break below August 17th lows, we can expect further weakness towards -23.6% at 45.57. RSI indicator remains in the negative territory, favoring to the bears.

1503354721-9543e18e4efe30ad929a83fe007da

More:
https://fbs.com/analytics/articles/oil_%28wti%29_favored_by_the_bears_3131

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EUR/USD: "DOUBLE TOP" PATTERN
10:38 22.08.2017

1503387391-fce8926c76460aa3e58b9b19ead3e

The price is consolidating under the previously broken trend line. So, the pair is likely going to test the 34 Moving Average. If a pullback from this line happens, there'll be an opportunity to have another upward price movement towards the next resistance at 1.1846 - 1.1875.

1503387390-3e04c87082e567473b0104a37914a

We've got a local "Double Top" pattern, which has been confirmed, so the price is testing the nearest support at 1.1801. It seems like bears are going to reach the next support at 1.1773. However, if we have a pullback from this level, bulls will probably try to achieve another resistance at 1.1838 - 1.1846.

More:
https://fbs.com/analytics/articles/eur_usd%3a_%22double_top%22_pattern_3141

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XAU/USD: INDIANS WILL SHOW WAY FOR GOLD
10:55 22.08.2017

Recommendation: SELL $1280 SL $1296 TP $1264 TP2 $1250

On the daily chart, XAU/USD managed to return inside the bullish medium-term uptrend channel. Successful test of resistance at $1297 will trigger AB=CD pattern. Its 200% is near $1385. On the other hand, failure will allow bears to seize the initiative.

1503388457-20c6ebb86722ac92f8a505b7903a9

On H1, XAU/USD formed a reversal pattern: a combination of “Three Indians” and 1-2-3. A break below correction low at the point 2 will signal the start of corrective move. There’s also diagonal resistance at 23.6% of the last bullish wave.  

1503388474-e12a637cc937326a9c7981d6dfc46

More:
https://fbs.com/analytics/articles/xau_usd%3a_indians_will_show_way_for_gold_3144

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AUD/USD: BULLS WANT TO GO NORTH
11:17 22.08.2017

Recommendation:

BUY 0.796

SL 0.7905

TP1 0.802 TP2 0.807 TP3 0.835

On the daily chart, AUD/USD managed to settle above the important level of 0.7900 (23.6% of the last bullish wave). The odds of the uptrend’s resumption are now higher. The growth of Australian dollar towards 200% target of the AB=CD pattern may continue in case of a successful test of resistance at 0.7960.

1503389778-1db64c049cc9775b27418fd0e6b08

On H1, AUD/USD reached targets of the “Widening wedge”. A break of resistance at 0.9660 will increase the odds of meeting 88.6% and 113% targets of the “Shark” pattern.

1503389790-ef00342837a633bda01cab6a3fe3e

More:
https://fbs.com/analytics/articles/aud_usd%3a_bulls_want_to_go_north_3145

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EUR/USD: "HARAMI" AND "THREE METHODS"
12:06 22.08.2017

1503392677-51733c304a5810b6cdacbebd1ef73

We've got a bearish "Harami", which has been confirmed, so the market is likely going to test the 89 Moving Average. If a pullback from this line happens, there'll be an opportunity to have another upward price movement.

1503392678-da61380a0357758c4466e63e33caa

There are bearish patterns such a "Harami" and a "Three Methods". So, the price is likely going to decline in the coming hours. If any bullish pattern arrives afterwards, bulls will probably try to deliver a new local high.

More:
https://fbs.com/analytics/articles/eur_usd%3a_%22harami%22_and_%22three_methods%22_3147

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USD/JPY: PULLBACK FROM THE LOWER "WINDOW"
12:09 22.08.2017

1503392678-3f605b3d19e069919ec981c7be98a

There's another pullback from the lower "Window". Also, we've got an "Inverted Hammer" and a "Hammer" patterns, which both have been confirmed. So, the market is likely going to the upper "Window" soon.

1503392678-9b4eb98e26da264f40aa12a0bd227

We've got a bullish "High Wave" and an "Engulfing". So, the price is likely going to test the 144 Moving Average, which could be a departure point for a decline.

More:
https://fbs.com/analytics/articles/usd_jpy%3a_pullback_from_the_lower_%22window%22_3148

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EUR/USD: WEDGE AND DOUBLE ZIGZAG
13:16 22.08.2017

1503396924-ffc788f7e1e33c1ef49eb24919d4e

The price is still consolidating in wave [iv], which is likely going to take the form of a zigzag. The main intraday target is 7/8 MM Level, which could be a departure point for wave [iv].

1503396924-c004de39d3260a1bb2918ba5bf75f

We've got a wedge in wave (a) and a double zigzag in wave (b), so the price is declining in wave i of (c). If a pullback from 4/8 MM Level happens, there'll be an opportunity to have wave ii of (c).

More:
https://fbs.com/analytics/articles/eur_usd%3a_wedge_and_double_zigzag_3149

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GBP/USD: BEARS GOING TO TEST NEAREST SUPPORT
10:41 22.08.2017

1503387391-799f29fdc55a485a1035097d2ec84

The price is consolidating between the levels 1.2830 - 1.2911. Meanwhile, bears are likely going to test the nearest support at 1.2853. If we have a pullback from this level, there'll be an option to have a bullish price movement in the direction of the next resistance at 1.2932 - 1.2951.

1503387390-593c503a5d66e7c75f9d5c99836be

There's a consolidation, which is taking place near the Moving Averages. The market is likely going to reach the closest support at 1.2853 during the day. At the same time, if we have a pullback from this level, bulls will have a green light to catch another resistance at 1.2926 - 1.2932.

More:
https://fbs.com/analytics/articles/gbp_usd%3a_bears_going_to_test_nearest_support_3142

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GBP/USD: BULLS SHOWED WEAKNESS
09:08 23.08.2017

Recommendation:

SELL 1.2845

SL 1.29

TP1 1.2665

On the daily chart, GBP/USD keeps forming the shark pattern with the target at 113%. It is situated near 1.2767 (38.2% of the last descending wave). The inability of the bulls to return the quotes inside the medium-term uptrend channel points at their weakness. In such environment, it makes sense to sell the pound on rallies.

1503468453-b6b56ed02b1869ac79ae2067aff9c

On H1, GBP/USD formed 2 areas where players accumulated short positions: 1.2950-1.3025 and 1.2845-1.2910. A retest of the lower border of the previous consolidation range will allow bears to continue the decline.

1503468470-2cf183d9aa99dd882e50bd88c66a5

More:
https://fbs.com/analytics/articles/gbp_usd%3a_bulls_showed_weakness_3171

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USD/CAD: BEARS GOT SCARED OF A SHARK
09:15 23.08.2017

Recommendation:

SELL 1.2675

SL 1.273

TP1 1,2575

TP2 1.249

TP3 1.245

On the daily chart, USD/CAD keeps forming the 5-0 pattern. Recoil from convergence area at 1.2737-1.2765 allowed bears to try to resume the downtrend. If the pair renews low at 1.2525, it will increase odds of the continuation of the decline. On the other hand, if prices leave the short-term descending trend channel, a consolidation between 1.2525 and 1.2765 may develop.

1503468878-1430b06b52ccdf0a9e951da313446

On H1, a successful attack on resistance at 1.2595-1.2610 will trigger the inverse “Shark” pattern with 88.6% target. The inability of bulls to hold the pair above 1.2595 will point at their weakness.

1503468895-5c726ce87bf89e31cdcfbd4c37b26

More:
https://fbs.com/analytics/articles/usd_cad%3a_bears_got_scared_of_a_shark_3172

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EUR/USD: EURO SUPPORTED BY CLOUD
09:22 23.08.2017

Technical levels: support – 1.1750; resistance – 1.1820.

Trade recommendations:

Buy — 1.1770; SL — 1.1750; TP1 — 1.1820; TP2 – 1.1890.
Reason: narrow Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen and rising Tenkan-sen; the prices are supported by the Cloud and may continue to rise.

1503469345-5974574d0f06c411e972e24d898d2

More:
https://fbs.com/analytics/articles/eur_usd%3a_euro_supported_by_cloud_3173

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USD/JPY: DOLLAR CORRECTED TO KIJUN-SEN
09:23 23.08.2017

Technical levels: support – 109.00; resistance – 109.750.

Trade recommendations:

Sell — 109.40/50; SL — 109.70; TP1 — 109.00; TP2 — 108.60.
Reason: bearish Ichimoku Cloud, but Senkou Span A and B are horizontal; a dead cross of Tenkan-sen and Kijun-sen; the market has been corrected to Kijun-sen; waiting to continue of downtrend.

1503469345-3dcc4d3b0e9d38341d309e86e7227

More:
https://fbs.com/analytics/articles/usd_jpy%3a_dollar_corrected_to_kijun_sen_3174

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EUR/USD: "DOUBLE TOP" PATTERN
10:40 23.08.2017

1503473940-8f140af7704be0d32a4ae8efee570

There's a "Double Top" pattern, which has been confirmed. So, the price reached the nearest support at 1.1757, which led to a consolidation. In this case, the market is likely going to test the next support at 1.1712 - 1.1683. If a pullback from this levels happens, there'll be an opportunity to have an upward price movement towards the closest resistance at 1.1801 - 1.1846.

1503473941-b87b7952739ce8d0bf6d2d7dfb5ac

The price is consolidating near the Moving Averages. Also, there's a bearish "Pennant" pattern, so the pair is likely going to achieve the next support at 1.1720 - 1.1708 during the day. If we have a pullback from these levels, bulls will probably try to reach resistance at 1.1798 - 1.1801.

More:
https://fbs.com/analytics/articles/eur_usd%3a_%22double_top%22_pattern_3178

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GBP/USD: MARKET GOING TO TEST NEXT SUPPORT
10:45 23.08.2017

1503473941-4d8dfcb44b51e89b05ddc1662c397

Bears faced support at 1.2811, so the price is consolidating. Therefore, the market is likely going to test the next support at 1.2793 - 1.2768 in the coming hours. If a pullback from this area happens little later on, bulls will have a green light to reach the nearest resistance at 1.2830 - 1.2853.

1503473941-a9ecf972bb40602071ac95b5058e2

The last "Double Top" pattern led to a massive decline. The main intraday target is the closest support 1.2793 - 1.2768. If we have a pullback from these levels, there'll be an option to have a bullish price movement in the direction of the nearest resistance at 1.2831 - 1.2853.

More:
https://fbs.com/analytics/articles/gbp_usd%3a_market_going_to_test_next_support_3179

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EUR/USD: BULLISH "HARAMI"
12:49 23.08.2017

1503481674-edba1fa82ed217f131793bbe8ff94

There's a bullish "Harami", which has been formed on the 34 Moving Average. Considering confirmation of this pattern, the price is likely going to test the nearest resistance. If we see a pullback from this level, there'll be an opportunity to have a local decline.

1503481674-3dd57ac8541e3578f0667cf5330b8

All the Moving Averages have been broken, but we still don't have any reversal pattern. Also, there's resistance by the last "Three Methods" pattern. If we have a pullback from this level, bears are likely going to test the nearest support.

More:
https://fbs.com/analytics/articles/eur_usd%3a_bullish_%22harami%22_3181

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USD/JPY: "ENGULFING" ON THE 34 MOVING AVERAGE
12:52 23.08.2017

1503481673-a9a38744f96b42430ef3aa41d1826

We've got an "Engulfing" pattern on the 34 Moving Average, so bears are likely going to continue pushing the price lower. The main intraday target is the lower "Window".

1503481674-5a13df231b9b2f8f9182f3e12a564

Bulls faced resistance on the 144 Moving Average, so there's a bearish "High Wave" pattern, which has been confirmed. In this case, the market is likely going to continue falling down.

More:
https://fbs.com/analytics/articles/usd_jpy%3a_%22engulfing%22_on_the_34_moving_average_3182

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