Jump to content
Sign in to follow this  
riki143

Market News & Trade recommendations by FBS.com

Recommended Posts

EUR/USD: DEVELOPING WAVE [IV]
12:59 23.08.2017

1503482157-1900e6eb4245906e02e35b1a96c54

There's a developing wave [iv], which is taking place on the four-hours chart. The main target for wave (c) is 7/8 MM Level, which could be a departure point for wave [v] of 3.

1503482157-70c10cd267ae6f5a71591f7f66ed5

We've got a double zigzag in wave (b) and a bearish impulse in wave i. It seems like wave ii is going to end soon, so we could have wave iii of (c) in the short term. If a pullback from 3/8 MM Level happens later on, there'll be an opportunity to have an upward correction.

More:
https://fbs.com/analytics/articles/eur_usd%3a_developing_wave_%5biv%5d_3183

Share this post


Link to post
Share on other sites

GBP/USD: POUND IS OVERSOLD
09:37 24.08.2017

Technical levels: support – 1.2750, 1.2710; resistance – 1.2820.

Trade recommendations:

Sell — 1.2820; SL — 1.2840; TP1 — 1.2750; TP2 — 1.2710.
Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen, with falling lines; the local market is oversold, waiting for correction to Tenkan-sen.

1503556625-5838ef800660551113de2aff99712

More:
https://fbs.com/analytics/articles/gbp_usd%3a_pound_is_oversold_3215

Share this post


Link to post
Share on other sites

AUD/USD: BREAKDOWN OF SSA
09:38 24.08.2017

Technical levels: support – 0.7850, 0.7810; resistance – 0.7880.

Trade recommendations:

Buy — 0.7850; SL — 0.7830; TP1 — 0.7935; TP3 — 0.7980.
Reason: bearish Ichimoku Cloud with falling Senkou Span A and B; a new dead cross of Tenkan-sen and Kijun-sen; the prices are entered to negative area, but there is a strong support on the daily timeframe.

1503556625-42a68b4bfa2f0515dfbaa054e9dba

More:
https://fbs.com/analytics/articles/aud_usd%3a_breakdown_of_ssa_3216

Share this post


Link to post
Share on other sites

EUR/USD: "DOUBLE BOTTOM" PATTERN
10:11 24.08.2017

1503558629-95ef4f03f3d5a08d6d74fa1e72ae0

There's a "Double Bottom" pattern, which has been confirmed, so the price is consolidating. The main intraday target is the nearest resistance at 1.1846 - 1.1875. If a pullback from this area happens, there'll be an opportunity to have a decline in the direction of the 34 Moving Average.

1503558629-8e72bd66b2c52119f6e1b995235c6

We've got a "Triple Top" pattern right under resistance at 1.1827. So, the price is likely going to test the 55 Moving Average in the short term. If a pullback from this line happens, bulls will probably try to achieve the closest resistance at 1.1827 - 1.1838

More:
https://fbs.com/analytics/articles/eur_usd%3a_%22double_bottom%22_pattern_3217

Share this post


Link to post
Share on other sites

GBP/USD: BROKEN "FLAG"
10:19 24.08.2017

1503558629-53caf6c92d591bca6c531c9723545

The last "Flag" pattern has been broken, so the price reached support at 1.2768. Nevertheless, bears are likely going to test the next support at 1.2768 - 1.2736 in the short term. If we have a pullback from these levels, bulls will have a green light to deliver a local upward correction.

1503558627-96f6620531f7e7997f4c8f81de0c9

Bears faced support at 1.2768, so the price is consolidating. In this case, we should keep an eye on the nearest resistance at 1.2811 as an intraday target. If a pullback from this level arrives little later on, there'll be an option to have another decline towards the next support at 1.2768 - 1.2736.

More:
https://fbs.com/analytics/articles/gbp_usd%3a_broken_%22flag%22_3218

Share this post


Link to post
Share on other sites

USD/JPY: YEN MET 3 INDIANS
10:28 24.08.2017

Recommendation:

BUY 109.8

SL 109.25

TP1 110.8 TP2 112

On the daily chart, another attempt of bulls to return inside the triangle was unsuccessful. In order to have another chance, buyers need to keep the pair inside the medium-term channel between 108.50 and 114.50. A successful test of its lower border will open the way down to 161.8% target of the AB=CD pattern.

1503559494-3297c54597baddc0779dab87f7356

On USD/JPY there's consolidation within the inverted “Spike and ledge” pattern on the basis of 1-2-3. Together with “Three Indians” it’s a serious reversal pattern.

1503559514-1f50b4d918123f905c31c70a9dfda

More:
https://fbs.com/analytics/articles/usd_jpy%3a_yen_met_3_indians_3220

Share this post


Link to post
Share on other sites

USD/CHF DOESN’T WANT TO PART WITH WEDGE
10:41 24.08.2017

Recommendations:
SELL 0.9605
SL 0.966
TP1 0.9505 TP2 09475
BUY 0.975
SL 0.9695
TP 0.989

On the daily chart, USD/CHF keeps consolidation near an important level of 0.9650 (23.6% of the last long-term descending wave). If bears manage to lead the pair down below the diagonal support (lower border of the uptrend channel), the odds of reaching 88.6% target of Gartley pattern will increase.

1503560416-a5903a7f3cf43bc4f33886526fd84

On H1, USD/CHF is consolidating within a “Widening wedge”. A break of support levels at 0.9605 and 0.9585 won’t lead the pair south. On the other hand, successful test of resistance at 0.9750 and 0.9765 will open the way for further advance.

1503560433-351a015a31e5fdb2fee97b43bc66a

More:
https://fbs.com/analytics/articles/usd_chf_doesn%E2%80%99t_want_to_part_with_wedge_3221

Share this post


Link to post
Share on other sites

EUR/USD: DEVELOPING ZIGZAG
11:07 24.08.2017

1503561966-6b984de2d792382b4cdd8f7a280b7

There's developing wave [iv], which is likely going to take the form of a zigzag. The main target is 7/8 MM Level, which could be a departure point for wave [v] of 3.

1503561965-2cb9e2c4815374e2e6148d45bbc91

There are a bearish impulse in wave i and a zigzag in wave ii. So, there's an opportunity to have wave iii of (c) soon. In this case, we should keep in mind 3/8 MM Level as the next bearish target.

More:
https://fbs.com/analytics/articles/eur_usd%3a_developing_zigzag_3223

Share this post


Link to post
Share on other sites

USD/JPY: "HAMMER" AND "BELT HOLD"
12:32 24.08.2017

1503567088-8ef39c58195e9efc53e48ba4da9c0

There's a developing consolidation. The 34 & 55 Moving Averages are acting as resistance. In this case, the market is likely going to test the upper "Window" once again. If a pullback from this level happens afterwards, bears will probably try to reach the lower "Window".

1503567087-cc6da9f7721257ad4c81bba6d4f3c

We've got bullish patterns such a "Hammer" and a "Belt Hold" at the local low, which both have been confirmed by the last "Three Methods". So, bulls are likely going to push the price even higher during the day.

More:
https://fbs.com/analytics/articles/usd_jpy%3a_%22hammer%22_and_%22belt_hold%22_3227

Share this post


Link to post
Share on other sites

EUR/USD: 34 MA GOING TO ACT AS SUPPORT
13:02 24.08.2017

1503567087-60249e740031ac6ace3a702058cfd

There's a "Shooting Star", but confirmation of this pattern is quite weak. So, the 34 Moving Average is likely going to act as support. If a pullback from this line happens, there'll be an opportunity to have another upward price movement towards the nearest resistance, which could be a departure point for another decline.

1503567089-e6a847b653f9cb5426474803fc166

We've got a "Tweezers" and a "High Wave", which both have been confirmed by the two "Three Methods" patterns in a row. Therefore, the market is likely going to test the nearest support, where we could have a bullish pattern. If so, the last high will be probably tested once again.

More:
https://fbs.com/analytics/articles/eur_usd%3a_34_ma_going_to_act_as_support_3228

Share this post


Link to post
Share on other sites

EUR/USD: BULLISH "PENNANT"
10:19 25.08.2017

1503645446-9d8cc4d3b6944c05d92cbbb578d24

The price is consolidating near support at 1.1801. Also, there's a "Pennant", so the market is likely going to move up towards the nearest resistance at 1.1846. In this case, we could have a new local high pretty soon. However, bears will probably try to achieve the closest support at 1.1757 afterwards.

1503645445-af5dfc50753aaac83169b5f2d2330

There's a consolidation, which is taking place near the 34 Moving Average. At the same time, we've got a bullish "Pennant". Therefore, we should keep an eye on the next resistance at 1.1838 - 1.1846 as an intraday target. If a pullback from this area happens, there'll be an opportunity to have a decline towards the nearest support at 1.1789 - 1.1783.

More:
https://fbs.com/analytics/articles/eur_usd%3a_bullish_%22pennant%22_3247

Share this post


Link to post
Share on other sites

GBP/USD: PRICE GOING TO TEST LAST LOW AGAIN
10:22 25.08.2017

1503645447-d87c26968cce557f54c7198c31e67

Bears faced support at 1.2768, so the price is consolidating. It seems like the market is going to test the last low once again. If any bullish pattern arrives little later on, we should keep in mind the closest resistance at 1.2831 - 1.2853 as an intraday target.

1503645447-d17cdccfcfcb7c52a9fe213cfcf66

The price is consolidating between the levels 1.2768 - 1.2831. The main bearish target is the next support at 1.2768. If a pullback from this level happens, bulls will probably try to reach the nearest resistance area at 1.2811 - 1.2831.

More:
https://fbs.com/analytics/articles/gbp_usd%3a_price_going_to_test_last_low_again_3248

Share this post


Link to post
Share on other sites

EUR/USD: WILL THE EURO FALL?
10:22 25.08.2017

Recommendation:

BUY 1.1845 SL 1.179
TP1 1.1945 TP2 1.2
SELL 1.1735
SL 1.179
TP 1.1625 TP2 1.155

On the daily chart, EUR/USD keeps forming “Spike and ledge” pattern on the basis of 1-2-3. The break of resistance at 1.1845 will increase the odds of the uptrend’s resumption. On the other hand, successful test of support at 1.1655 will open the way for a correction towards the lower border of the uptrend channel.

1503645654-8afba167b3e7c15d0d5d28d0f3c7b

On H1 EUR/USD keeps consolidating within the “Widening wedge”. Return of the pair towards 38.2% and 23.6% of the wave 4-5 creates a condition for correction. 

1503645681-144c086f9efd0dd7367f2818eb875

More:
https://fbs.com/analytics/articles/eur_usd%3a_will_the_euro_fall__3249

Share this post


Link to post
Share on other sites

EUR/JPY: BULLS ENTER THE CROSSROADS
10:30 25.08.2017

recommendation: BUY 129.75 SL 129.2 TP1 130.95 TP2 131.8

On the daily chart, EUR/JPY bulls prepare an attack on the horizontal resistance aiming to return the pair inside the previous medium-term rising channel. If they succeed, risks of the bullish trend resumption will significantly rise.

1503646123-3297c54597baddc0779dab87f7356

On H1, the unsuccessful attempt of bears to make a “Head and Shoulders” pattern points at sellers’ weakness. A break of diagonal resistance will allow the bulls aim for 88.6% and 113% targets of the “Shark” pattern. 

1503646157-1f50b4d918123f905c31c70a9dfda

More:
https://fbs.com/analytics/articles/eur_jpy%3a_bulls_enter_the_crossroads_3251

Share this post


Link to post
Share on other sites

EUR/USD: PRICE STILL CONSOLIDATING
11:19 25.08.2017

1503649047-98172b47e7ff4c7f771f6b1aa6f20

The price is still consolidating. It seems like wave [iv] is taking the form of a zigzag, so we could have a bearish impulse in wave (c) of [iv] soon. If a pullback from 7/8 MM Level happens, there'll be an opportunity to have another bullish impulse in wave [v] of 3.

1503649046-85316dd503b4d908505ff8e622d2f

There's a possible double zigzag pattern in wave (b), so we've got a bearish impulse in wave i. Therefore, we're likely going to have wave iii of (c) soon. In this case, we should keep an eye on -1/8 MM Level as an intraday target.

More:
https://fbs.com/analytics/articles/eur_usd%3a_price_still_consolidating_3253

Share this post


Link to post
Share on other sites

USD/JPY: 34 MA ACTED AS RESISTANCE ONCE AGAIN
12:06 25.08.2017

1503651879-21234833fbdb55aee44f0f714ac05

The 34 Moving Average has acted as resistance once again, so there's a bearish "Harami", but this pattern hasn't been confirmed yet. Therefore, the lower "Window" is likely going to act as support, which means we could have a new local high pretty soon.

1503651879-23e9b04a96ff6d105591ed793af05

The last bearish "Harami" hasn't been confirmed enough, so it seems like we could have just a local decline. In this case, we should keep an eye on the upper "Window" as an intraday bullish target.

More:
https://fbs.com/analytics/articles/usd_jpy%3a_34_ma_acted_as_resistance_once_again_3254

Share this post


Link to post
Share on other sites

EUR/USD: BULLISH "ENGULFING"
12:10 25.08.2017

1503651879-55f955bd8ad1a7e13fb859f63a22c

The 55 Moving Average has acted as support, so we've got a bullish "Harami" on this line. However, there's also a "Shooting Star" pattern, so the market is likely going to test the nearest support. If a pullback from the 89 MA happens afterwards, there'll be an opportunity to have another upward price movement.

1503651879-4268df48707beefdf2b68338e98f6

There's support by the 89 Moving Average. Also, we've got a developing bullish "Engulfing". If this pattern confirms, the pair is likely going to test the nearest resistance level, which could be a departure point for a decline.

More:
https://fbs.com/analytics/articles/eur_usd%3a_bullish_%22engulfing%22_3255

Share this post


Link to post
Share on other sites

EUR/USD: EURO MAY GO HIGHER
12:41 25.08.2017

Technical levels: support – 1.1780; resistance – 1.1870.

Trade recommendations:

Buy — 1.1800; SL — 1.1780; TP1 — 1.1870; TP2 – 1.1920.
Reason: narrow bullish Ichimoku Cloud with rising Senkou Span A and B; a new golden cross of Tenkan-sen and Kijun-sen and rising Tenkan-sen and Kijun-sen; the prices are supported by Tenkan-sen and Kijun-sen; the bulls are ready to continue uptrend.

1503654078-5974574d0f06c411e972e24d898d2

More:
https://fbs.com/analytics/articles/eur_usd%3a_euro_may_go_higher_3256

Share this post


Link to post
Share on other sites

USD/JPY: DOLLAR REACHED CLOUD’S RESISTANCE
12:42 25.08.2017

Technical levels: support – 109.20; resistance – 109.75.

Trade recommendations:

Sell — 109. 50/60; SL — 109.80; TP1 — 109.00; TP2 — 108.60.
Reason: bearish Ichimoku Cloud with falling Senkou Span B; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices are under the pressure of bearish Cloud.

1503654078-3dcc4d3b0e9d38341d309e86e7227

More:
https://fbs.com/analytics/articles/usd_jpy%3a_dollar_reached_cloud%E2%80%99s_resistance__3257

Share this post


Link to post
Share on other sites

US DOLLAR: OUTLOOK FOR AUGUST 28 - SEPTEMBER 1
15:45 25.08.2017

During the past week, the US dollar index (DXY) continued consolidation.

Recent releases weren’t very optimistic: manufacturing PMI and home sales both declined. Donald Trump threatened to shut down the US government over funding for a border wallon Wednesday. The market is concerned that the Congress won’t easily raise the debt ceiling and deliver on tax reform.

There will be a lot of economic updates in the coming days: the US will release consumer confidence on Tuesday, ADP employment report and preliminary GDP for the second quarter on Wednesday, core PCE price index and personal spending on Thursday and NFP together with ISM manufacturing PMI on Friday. All in all, we’ll get a pretty much new information about America’s economic health. The quality of these statistics will be very important for further direction of the greenback. Another important driver of the market will be the speech of the Federal Reserve Chair Janet Yellen at Jackson Hole on Friday evening (August 25).

The greenback remains within the overall downtrend. A close above 93.50 is needed for the DXY to start reversing up. Next resistance levels will be at 94.00 and 94.50. A break below 93.00 will lead to 92.50 and 92.00.

1503665122-dcdc5e817cbccf2a99a3edc3ebb67

More:
https://fbs.com/analytics/articles/us_dollar%3a_outlook_for_august_28___september_1_3263

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

×
×
  • Create New...