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riki143

Re: Market news and trade recommendations by FBS

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riki143    1

USD/JPY: BULLS ARE BREAKING OBSTACLES
07:53 21.09.2017

Recommendations:

BUY 112.1 SL 111.55 TP1 113.3 TP2 113.85

BUY 111.85 SL 111.3 TP1 112.85 TP2 113.3

On the daily chart, USD/JPY keeps going north towards 88.6% target of the “Shark” pattern. Bulls showed their strength by managing to conquer resistance at 112.07. Currently it is acting as support.

1505980299-5a117e210f07e8a06e5a07b2ea892

On the daily chart, USD/JPY reached the targets of the “Widening wedge”. The pair is trading within the uptrend channel. This means that bulls are in control of the pair. Pullbacks towards 112.10 and 111.85 can be used for forming long positions. 

1505980343-1f50b4d918123f905c31c70a9dfda

More:
https://fbs.com/analytics/articles/usd-jpy-bulls-are-breaking-obstacles-3882

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riki143    1

EUR/USD: BEARISH "PENNANT"
09:37 21.09.2017

1505986618-3961eac364cacc2a3350c2213190d

We've got a "Triple Top", so the market has plunged. In this case, we should keep an eye on the next support at 1.1837 - 1.1822 as an intraday target. If a pullback from this area happens, we could have an upward correction in the direction of the 89 Moving Average.

1505986618-fa39e2fdf88aa6431bd7714a767d3

We've got a "Pennant", so the pair is likely going to test the closest resistance at 1.1907 during the day. However, if we have a pullback from this area, there'll be an opportunity to have another decline towards the next support at 1.1975 - 1.1822.

More:
https://fbs.com/analytics/articles/eur-usd-bearish-pennant-3886

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riki143    1

GBP/USD: 55 MA ACTED AS SUPPORT
09:40 21.09.2017

1505986618-9fc4a9c3570be455bc567034d26ac

There's a "Double Top", but the price is consolidating. It's likely that bears are going to reach the nearest support at 1.3374. Meanwhile, if we have a pullback from this level, bulls will probably try to reach the closest resistance afterwards.

1505986619-bf8d1571c3784e248056efb7d4b69

The 55 Moving Average has acted as support, so the price is consolidating. Also, we've got a developing bearish "Flag" pattern. In this case, bulls are likely going to test the nearest resistance at 1.3532 - 1.3550. If a pullback from these levels arrives later on, there'll be an opportunity to have a bearish price movement towards the 89 Moving Average.

More:
https://fbs.com/analytics/articles/gbp-usd-55-ma-acted-as-support-3887

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riki143    1

EUR/USD: BULLISH "HIGH WAVE"
11:20 21.09.2017

1505992788-417d3a51a29adc234fc41093ce46e

The 89 Moving Average has acted as support, so we've got a "High Wave" pattern, which was confirmed. So, we could have an upward correction and a decline afterwards.

1505992787-bec6ea92f9c51638839328799c2bd

There's a bullish "High Wave", which has been confirmed. In this case, the market is likely going to test the nearest "Window". If a pullback from this level happens, bears will try to deliver a new local low.

More:
https://fbs.com/analytics/articles/eur-usd-bullish-high-wave-3894

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riki143    1

USD/JPY: BEARISH "HARAMI"
11:24 21.09.2017

1505992788-ef9defc7766f56b6b9b02c4e839f3

We've got a "Shooting Star", but this pattern hasn't been confirmed yet. So, we could have a local downward correction. If any bullish pattern arrives afterwards, there'll be an opportunity to have another upward price movement.

1505992788-8316c325d5754bd7154d599c3990a

There's a bearish "Harami", which has been confirmed enough. However, we could have a local upward correction in the short term. Nevertheless, bears are likely going to test the 55 Moving Average later on.

More:
https://fbs.com/analytics/articles/usd-jpy-bearish-harami-3896

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