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EUR/JPY: BULLS ARE PREPARING AN ATTACK
07:42 07.09.2017

Recommendation:

BUY 130.65 S

L 130.1

TP 131.65 TP2 133.8

On the daily chart, EUR/JPY entered the dead zone between the short-term downtrend and the long-term uptrend channels. To develop correction, bears need to form and reach targets of the “Widening wedge”. The presence of the inside bar creates a possibility for the short-term trades.

1504766556-1e5e1c2582f1145750a65ae155a45

On H1, EUR/JPY is consolidating in range as the “Shark” pattern is transforming into 5-0. Bulls managed to lead the pair outside the downtrend channel. To resume the uptrend, they need to overcome resistance at 130.65.

1504766571-b35d7fb0c22de42ad09055593ba2f

More:
https://fbs.com/analytics/articles/eur-jpy-bulls-are-preparing-an-attack-3544

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EUR/USD: POSSIBLE TRIANGLE PATTERN
09:07 07.09.2017

1504775191-a861efd9ee0543fe7d26b55f8a36c

The price is still consolidating near the 34 Moving Average, so bears are likely going to reach the nearest support at 1.1909 - 1.1892. If a pullback from this area happens, there'll be an opportunity to have an upward price movement in the direction of the closest resistance at 1.1975 - 1.2003.

1504775190-b2098cc4d35e63944baddba0a2565

There's a possible triangle pattern. In this case, the market is likely going to get support on the 89 Moving Average. Meanwhile, if we see a pullback from this line, bulls will try to test another resistance at 1.1975 - 1.2003.

More:
https://fbs.com/analytics/articles/eur-usd-possible-triangle-pattern-3551

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GBP/USD: "V-TOP" PATTERN
09:10 07.09.2017

1504775191-2226306b03e34aa88889e4248fa16

There's a "Thorn" pattern, which pushed the price to the nearest support at 1.3047 - 1.3032. However, bears are likely going to test the next support at 1.2994 - 1.2977 in the short term. If a pullback from these levels happens little later on, there'll be an option to have a bullish price movement towards the closest resistance at 1.3082 - 1.3096.

1504775191-5848b97f23254e0d8f1652df29f3a

Bulls faced with resistance at 1.3082, so there's a "V-Top" pattern. Therefore, the pair is likely going to decline towards the nearest support area at 1.2994 - 1.2977. At the same time, bulls will probably try to deliver a new local high afterwards.

More:
https://fbs.com/analytics/articles/gbp-usd-v-top-pattern-3553

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EUR/USD: DEVELOPING WAVE 4
09:41 07.09.2017

1504777228-9a96f3bc3f279f87342f410b23cb1

There's a developing wave 4, which is likely going to take the form of a zigzag. So, if a pullback from 4/8 MM Level happens, there'll be an opportunity to have a bearish impulse in wave [c]. The main target for wave 4 is 1/8 MM Level.

1504777228-e2e51f9d98a0f2faed9a286032048

It seems like we've got an ending diagonal pattern in wave (c) of . In this case, if we have a pullback from 4/8 MM Level, bears are likely going to test 1/8 MM Level, which could be a departure point for wave (i).

More:
https://fbs.com/analytics/articles/eur-usd-developing-wave-4-3559

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EUR/USD: BULLISH "THREE METHODS"
11:33 07.09.2017

1504783953-8f05c965e7ae15ecdba125ecf9894

We've got a bullish "Three Methods", which has been confirmed. So, the market is likely going to continue moving up towards the nearest resistance area. If any bearish pattern forms little later on, there'll be an opportunity to have a decline.

1504783953-7a85297ebfbdf0d996f524add379e

The 34 Moving Average has acted as support, so the price is rising. The last "Window" has been broken. If a pullback from the achieved resistance happens, bears are likely going to deliver a local downward correction.

More:
https://fbs.com/analytics/articles/eur-usd-bullish-three-methods-3561

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USD/JPY: PULLBACK FROM THE LOWER "WINDOW"
11:36 07.09.2017

1504783953-b5223b5f226b5ee94ba5c72b2c5fd

There's a pullback from the lower "Window", but we've got a local bearish "Shooting Star", which has been confirmed. So, the market is likely going to test the lower "Window" once again in the short term.

1504783953-e8605a4409581254d59f5dc874a26

We've got a "Doji" and a "High Wave" on the 55 Moving Average. Considering of confirmation of both patterns, the pair is likely going to continue moving down towards the last low until any bullish pattern arrives.

More:
https://fbs.com/analytics/articles/usd-jpy-pullback-from-the-lower-window-3562

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EUR/USD: BULLS NEED A REST
07:17 08.09.2017

Recommendation:

SELL 1.2035

SL 1.209

TP 1.1935

On the daily chart, EUR/USD keeps forming “Spike and ledge with acceleration”. The trend’s angle is increasing the risks of correction. The inability of bulls to keep the pair above 1.2062 and 1.2156 (161.8% and 200% targets) points at their weakness.

1504855032-e9ff47f8c2c95bae92efa0a8e19e3

On H1, EUR/USD formed 2 convergence areas with the help of senior and junior AB=CD patterns. The fall of the pair below the low of the bar, which marked the previous minimum, will signal the start of bears’ counterattack.

1504855051-144c086f9efd0dd7367f2818eb875

More:
https://fbs.com/analytics/articles/eur-usd-bulls-need-a-rest-3578

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EUR/GBP: BULLS ARE LIFTING THEIR HEADS
07:28 08.09.2017

Recommendation:

BUY 0.9215

SL 0.916

TP 0.929 TP2 0.9355 TP3 0.942

On the daily chart, EUR/GBP keeps forming “Spike and reversal with acceleration”. Until the price falls below both trendlines, bulls will retain control of the situation. Their further movement up will increase the possibility of an advance towards 127,2%, 161.8%, 200% and 224% targets of AB=CD.

1504855678-1b185fa62bc60dfe496809f3b325c

On H1, a break above resistance at 0.9213 and the following triggering of the “Widening wedge” and the “Shark” patterns will increase the possibility of an advance to 0.9285-0.9290.

1504855698-480bf18779fe5c8e690881b193480

More:
https://fbs.com/analytics/articles/eur-gbp-bulls-are-lifting-their-heads-3580

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EUR/USD: "DOUBLE TOP" PATTERN
08:29 08.09.2017

1504859296-c487d7d8ba14a5b41822478241f96

The 34 Moving Average has acted as support so the price is rising. However, bulls didn't fixate above the "Runaway Gap", so we could have a local downward correction. Nevertheless, the market is likely going to climb even higher, so we should keep an eye on the next resistance at 1.2080 - 1.2129 as an intraday target.

1504859296-b577e0e10833625c02c0c019aaa8f

We've got a "Double Top" pattern, which has been confirmed, so the price is likely going to achieve the closest support at 1.2022. If a pullback from this level happens, there'll be an opportunity to have an upward price movement towards another resistance at 1.2129.

More:
https://fbs.com/analytics/articles/eur-usd-double-top-pattern-3581

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GBP/USD: BULLS FACED WITH RESISTANCE
08:31 08.09.2017

1504859296-d69ca6c19469c51847948696a397b

Bulls faced with resistance at 1.3164, so the market is likely going to decline towards the nearest support at 1.3119 - 1.3083. However, if a pullback from this area happens, we could have an upward price movement in the direction of the closest resistance at 1.3164 - 1.3190.

1504859296-d84024918020af76cf82a28fd25c6

There's a "Thorn" pattern, which pushed the pair to support at 1.3114. Meanwhile, the price is likely going to reach the next support at 1.3093 - 1.3083, which could be a departure point for a bullish price movement. In this case, we should keep in mind the nearest resistance at 1.3164 - 1.3190 as the next bullish target.

More:
https://fbs.com/analytics/articles/gbp-usd-bulls-faced-with-resistance-3582

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EUR/USD: BULLS GOING TO TEST NEXT RESISTANCE
11:51 08.09.2017

1504871414-1e1eb788a34b0b4bd33bceb7c596a

The price is still rising, but we've got a bearish "High Wave" at the local high, so there's a local consolidation. However, bulls are likely going to test the next resistance in the short term. If a pullback from this level happens afterwards, there'll be an opportunity to have a bearish correction.

1504871413-56b8a7ac14acee644e78f9a4aab96

We've got a "Shooting Star", but this pattern is unconfirmed, cause the last candles have been closed above the middle of the huge white candle. In this case, the market is likely going to continue moving up.

More:
https://fbs.com/analytics/articles/eur-usd-bulls-going-to-test-next-resistance-3586

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USD/JPY: BEARISH "THREE METHODS" PATTERN
11:53 08.09.2017

1504871413-bf47c9e590b5bbb8cf5e822620676

Bears are still pushing the price lower, so we don't have any reversal pattern. Therefore, the pair is likely going to continue falling down towards the lower "Window". If any bullish pattern arrives later on, we could have an upward correction.

1504871413-6718673e439bb2eea03423bda3ec6

We've got a bearish "Three Methods" pattern at the local low. Previously, a bearish "Engulfing" has been formed. So, the market is likely going to continue declining during the day.

More:
https://fbs.com/analytics/articles/usd-jpy-bearish-three-methods-pattern-3587

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EUR/USD: 7/8 MM LEVEL ACTED AS RESISTANCE
12:38 08.09.2017

1504874249-196826367071d15a88209f1bcb196

We've got a new high, so wave 5 may have been started. At the same time, wave 4 turned out to be a triangle pattern, so there's a bullish impulse in wave of 5. 7/8 MM Level acted as resistance, which means we could have a local bearish correction in the short term. Nevertheless, bulls are likely going to deliver wave [iii] of 5 afterwards.

1504874249-24107b4968669c8a30eb0adbb5b8e

Wave (v) of has been ended on 8/8 MM Level, so it's time for a correction. The nearest target for wave [ii] is 6/8 MM Level, which could be a departure point for another bullish rally.

More:
https://fbs.com/analytics/articles/eur-usd-7-8-mm-level-acted-as-resistance-3594

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EUR/USD FAVORED BY THE BULLISH PRICE ACTION
00:46 11.09.2017

EUR/USD remains supported in favor of the bulls and as we can see in the H1 chart, the Fibonacci area of 50% and 65% have provided the enough momentum in order to help the pair to consolidate above the critical level of 1.20. Because of the rebound above such area and the 200 SMA at H1 chart, we’re expecting a bullish continuation towards the -23.6% Fibonacci retracement level at 1.2165. Corrective moves should be limited by the 38.2% Fibo zone.

RSI indicator is still in the neutral territory, calling for a bullish consolidation before any significant move.

1505090746-90c8e1de38f776f680675ea71e667

More:
https://fbs.com/analytics/articles/eur-usd-favored-by-the-bullish-price-action-3608

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NZD/USD: BEARS FOUND A SHARK
07:03 11.09.2017

Recommendation:

SELL 0.7225

SL 0.728

TP1 0.715 TP2 0.7105

On H1, the inability of the bulls to lead the pair outside of the descending channel and formation of the bar with the long upper wick points at buyers’ weakness. Realization of the inverted 5-0 pattern is delayed.

1505113373-fb9be1d9d65d6402746f6573306cf

On H1, NZD/USD reached the targets if the “Widening wedge”, “Three Indians” and 1-2-3. If the pair renews correction low with the following decline below the lower border of an uptrend channel, risks of reaching 88.6% target of a Shark pattern will increase.

1505113387-3696dc2326705fd45dfa7b732beb8

More:
https://fbs.com/analytics/articles/nzd-usd-bears-found-a-shark-3614

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AUD/USD: BEARS LEFT THEIR LAIR
07:21 11.09.2017

Recommendation:

SELL 0.8025

SL 0.808 TP1 0.794

TP2 0.789

On the daily chart, the inability of bulls to push the pair out of the uptrend channel and formation of the bar with a long upper wick points at their weakness. It strengthens the risks of correction at least to 0.7937-0.7954.

1505114391-1db64c049cc9775b27418fd0e6b08

On H1, AUD/USD reached the targets of “Widening wedge”, “3 Indians” and 1-2-3. The break of support at 0.8028 and the pair’s leaving the uptrend channel will increase the risks of the pair reaching 88.6% target of the Shark pattern.

1505114409-ef00342837a633bda01cab6a3fe3e

More:
https://fbs.com/analytics/articles/aud-usd-bears-left-their-lair-3615

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EUR/USD: EURO RETURNED TO 0.2000
07:41 11.09.2017

Technical levels: support – 1.2000, 1.1980; resistance – 1.2075.

Trade recommendations:

Buy — 1.1980; SL — 1.1960; TP1 — 1.2030; TP2 – 1.2075.
Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, rising Tenkan and Kijun; the prices are on the support of Tenkan-sen and Kijun-sen.

1505115707-5974574d0f06c411e972e24d898d2

More:
https://fbs.com/analytics/articles/eur-usd-euro-returned-to-0.2000-3618

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AUD/USD: AUSSIE LOOKING FOR SUPPORT OF KIJUN
07:42 11.09.2017

Technical levels: support – 0.8030; resistance – 0.8080, 0.8120.

Trade recommendations:

Buy — 0.8030; SL — 0.8010; TP1 — 0.8080; TP3 — 0.8120.
Reason: expanding bullish Ichimoku Cloud, rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising lines; the market is seeking the support on Kijun-sen for continue uptrend.

1505115707-42a68b4bfa2f0515dfbaa054e9dba

More:
https://fbs.com/analytics/articles/aud-usd-aussie-looking-for-support-of-kijun-3619

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EUR/USD: "V-TOP" LED TO DECLINE
08:29 11.09.2017

1505118502-2726447841a86403e57782273e8fe

We've got a "V-Top", so the price is declining. In this case, we should keep an eye on the nearest support at 1.1978 - 1.1949 as an intraday target. If a pullback from this area happens, there'll be an opportunity to have an upward price movement in the direction of the closest resistance at 1.2129.

1505118502-7d72169def8aaab8c5f3bd27a955d

The 34 Moving Average has acted as support, so the price is consolidating. Therefore, the market is likely going to test the 89 MA in the short term. However, if a pullback from this line happens, we could have another bullish rally towards the next resistance at 1.2080 - 1.2129.

More:
https://fbs.com/analytics/articles/eur-usd-v-top-led-to-decline-3620

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GBP/USD: BULLISH "PENNANT" PATTERN
08:36 11.09.2017

1505118502-eaff2487953ac01b84691b840acb1

Bulls faced with resistance at 1.3223, so the price tested the nearest support at 1.3164. In this case, the pair is likely going to rise in the direction of the next resistance at 1.3249 - 1.3265, which means we could have a new local high pretty soon.

1505118502-24c54ef429303b9d7881920ab5745

The price is consolidating between the levels 1.3223 - 1.3164. Also, there's a "Pennant" pattern, so the market is likely going to achieve the nearest resistance at 1.3249 - 1.3265 soon. If a pullback from these levels happens, we could have a decline towards the closest support at 1.3164 - 1.3149.

More:
https://fbs.com/analytics/articles/gbp-usd-bullish-pennant-pattern-3622

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