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USD/CAD: BULLS ARE COUNTING ON A TRIANGLE
09:47 05.09.2017

Recommendation:

SELL 1.2505 SL 1.256 TP 1.231 TP2 1.218

SELL 1.255 SL 1.261 TP 1.245 TP2 1.231

On the daily chart, USD/CAD bears managed to renew the long-term low. This increases the risks of the continuation of the decline to 1.2310, 1.2180 and 1.2040. Never the less, we can’t exclude the possibility of a short-term pullback because of the inside bar.

1504593992-1430b06b52ccdf0a9e951da313446

On H1, bears returned the pair inside the descending channel. This is a sign of their strength. At the same time, a break of the upper border of the triangle will create the risks of a pullback towards 1.2501-1.2507 and 1.254-1.2559.

1504594017-590aa3f4bbd5e07df6802da8d7095

More:
https://fbs.com/analytics/articles/usd_cad%3a_bulls_are_counting_on_a_triangle_3480

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EUR/USD: EURO ENTERED INTO CLOUD
10:05 05.09.2017

Technical levels: support – 1.1870/80; resistance – 1.1950, 1.1990.

Trade recommendations:

Buy — 1.1910; SL — 1.1880; TP1 — 1.1950; TP2 – 1.1990.
Reason: bullish Ichimoku Cloud, but horizontal Senkou Span A and B; an irregular golden cross of Tenkan-sen and Kijun-sen, narrow channel of Tenkan-Kijun; the prices are supported by Cloud.

1504595104-5974574d0f06c411e972e24d898d2

More:
https://fbs.com/analytics/articles/eur_usd%3a_euro_entered_into_cloud_3482

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USD/JPY: DOLLAR GOING TO NEGATIVE AREA
10:05 05.09.2017

Technical levels: support – 190.30, 108.90; resistance – 109.60, 109.90.

Trade recommendations:

Sell — 109. 50; SL — 109.70; TP1 — 108.90; TP2 — 108.50.
Reason: narrow bullish Ichimoku Cloud with horizontal Senkou Span A and B; a new dead cross of Tenkan-sen and Kijun-sen and the falling lines; Dollar is going to new lows and may breakdown the support of the Cloud.

1504595104-3dcc4d3b0e9d38341d309e86e7227

More:
https://fbs.com/analytics/articles/usd_jpy%3a_dollar_going_to_negative_area_3483

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EUR/USD: BEARISH "FLAG" PATTERN
12:17 05.09.2017

1504602960-a41ca8ea27f2b822c2043e2432ee6

The price is consolidating between the levels 1.1909 - 1.1875. It's likely that bears are going to test the 55 Moving Average, so we could have a new local low soon. However, if a pullback from this line happens, there'll be an opportunity to have an upward price movement towards the nearest resistance at 1.1909 - 1.1959.

1504602962-af25b61a171ef604851e9e7cf6bfa

There's a consolidation, which is taking place above the 89 Moving Average. It seems like we're going to have a "Flag" pattern. If so, bears will probably try to test the closest support area at 1.1827 - 1.1822. Meanwhile, if a pullback from these levels happens, we could have an upward correction.

More:
https://fbs.com/analytics/articles/eur_usd%3a_bearish_%22flag%22_pattern_3488

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GBP/USD: 34 & 55 MA ACTING AS SUPPORT
12:20 05.09.2017

1504602960-c31cff3daef55a2340c78f24efe60

The 34 & 55 Moving Averages are acting as support. Nevertheless, the pair is likely going to test the next support at 1.2891 - 1.2853 in the short term. If a pullback from this area happens little later on, we should keep an eye on the nearest resistance at 1.2989 - 1.3021 as an intraday bullish target.

1504602960-b3a6056ee0b47374658e161fd4441

Bears faced with support at 1.2916, so the price is consolidating. Also, there's a "Flag" pattern, so the market is likely going to reach the closest support area at 1.2891 - 1.2872, which could be a departure point for a bullish correction.

More:
https://fbs.com/analytics/articles/gbp_usd%3a_34___55_ma_acting_as_support_3489

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EUR/USD: "HARAMI" AND "SHOOTING STAR"
12:23 05.09.2017

1504602960-36eae44cd9269b82713ad0affc833

There's a developing bearish correction. We've got bearish patterns such a "Harami" and a "Shooting Star" at the last local high. So, the price is likely going to test the 89 Moving Average, which could be a departure point for another bullish rally.

1504602960-30315bde39b3fe859765c9b49e901

The Monday's "Window" remains open, but the last bearish "Engulfing" and "High Wave" patterns are still in the game. At the same time, there's an opportunity to have a local upward correction towards the Moving Averages. Nevertheless, bears are likely going to test the nearest support afterwards

More:
https://fbs.com/analytics/articles/eur_usd%3a_%22harami%22_and_%22shooting_star%22_3490

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USD/JPY: BEARISH "THREE METHODS"
12:26 05.09.2017

1504602961-a6f4401edcaba3e5af5c284e51e97

We've got a bearish "Three Methods", but there's a local bullish "Harami" pattern, which has been confirmed. So, the market is likely going to test the closest resistance level, which could lead to another decline.

1504602960-c81994bd80357ee94297836630b77

There's resistance by the Monday's "Window". However, we've got a confirmed bullish "Hammer", so the pair is likely going to test the Moving Averages. If a pullback from these lines happens, bears will try to deliver a new local low.

More:
https://fbs.com/analytics/articles/usd_jpy%3a_bearish_%22three_methods%22_3491

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EUR/USD: DEVELOPING IMPULSE IN WAVE [C] OF 4
12:51 05.09.2017

1504605031-c5a664d526e9d61f018c2d3ba1ae5

An extension in wave 3 has been finished under 3/8 MM Level, so there's developing wave 4, which is likely going to take the form of a zigzag. If the price doesn't find a lodgement below 1/8 MM Level, there'll be an opportunity to have another bullish impulse.

1504605031-0a9fe8c5ef8f40acca1c0bd205b15

Wave has been formed like a zigzag, so there's a developing impulse in wave [c] of 4. It's likely that wave (iii) of [c] is going to move on, so we could have a new local low pretty soon. The main target for wave [c] is 1/8 MM Level.

More:
https://fbs.com/analytics/articles/eur_usd%3a_developing_impulse_in_wave_%5bc%5d_of_4_3492

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USD/CHF: BULLS WANT REVENGE
06:25 06.09.2017

Recommendation:

BUY 0.964

SL 0.9585

TP1 0.9765 TP2 0.986

On the daily chart, a double bottom allows the bulls to retain hopes of finishing a “Dragon” pattern. To do it they have to return the quotes to resistance levels at 0.9650 and 0.9765 and conquer them.

1504679084-a5903a7f3cf43bc4f33886526fd84

On H1, a successful test of resistance at 0.9640 (upper border of the downtrend channel) will increase the risks of an inverted butterfly pattern. Its 127.2% target corresponds to 0.9860.

1504679096-351a015a31e5fdb2fee97b43bc66a

More:
https://fbs.com/analytics/articles/usd_chf%3a_bulls_want_revenge_3508

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GBP/USD: BULLS RETURN TO THE GAME
06:36 06.09.2017

Recommendation:

SELL 1.296

SL 1.3015

TP1 1.2835 TP2 1.2775

On the daily chart, GBP/USD returned inside the long-term bullish channel. This points at buyers’ strength. Bears can regain the initiative only if the pair slide below $1.2962. A break of this support will increase the risks of triggering “Head and shoulders” pattern.

1504679719-b6b56ed02b1869ac79ae2067aff9c

On H1, GBP/USD keeps forming the 5-0 pattern. Conservative approach suggests opening short positions as the pair returns to the previous correction level (38.2%) of the wave CD.

1504679740-2cf183d9aa99dd882e50bd88c66a5

More:
https://fbs.com/analytics/articles/gbp_usd%3a_bulls_return_to_the_game_3510

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GBP/USD: BULLS LOOK STRONG
07:08 06.09.2017

Technical levels: support – 1.2920, 1.2980; resistance – 1.3020/40.

Trade recommendations:

Buy — 1.2980; SL — 1.2960; TP1 — 1.3040; TP2 — 1.3100.
Reason: bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the Bulls are breaking out the Cloud’s resistance and may go higher.

1504681698-5838ef800660551113de2aff99712

More:
https://fbs.com/analytics/articles/gbp_usd%3a_bulls_look_strong_3514

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AUD/USD: AUSSIE RETURNED TO 0.8000
07:09 06.09.2017

Technical levels: support – 0.7940, 0.7980; resistance – 0.8000.

Trade recommendations:

Sell — 0.7970; SL — 0.7990; TP1 — 0.7940; TP3 — 0.7920.
Buy — 0.7930; SL — 0.7910; TP1 — 0.8000; TP3 — 0.8040.
Reason: bullish Ichimoku Cloud, horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the Bulls are tested the strong resistance on 0.8000, but can’t break it out.

1504681698-42a68b4bfa2f0515dfbaa054e9dba

More:
https://fbs.com/analytics/articles/aud_usd%3a_aussie_returned_to_0.8000_3515

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EUR/USD: BEARS GOING TO TEST 55 MA
09:38 06.09.2017

1504690625-a962dd7f6c1c04bcf4445af4e5469

The price is still consolidating between the levels 1.1959 - 1.1875. So, bears are likely going to test the 55 Moving Average, which could act as support. If so, there'll be an opportunity to have an upward correction towards the nearest resistance at 1.1975 - 1.2003.

1504690625-91e265185bb80855fd52f5cd278dc

There's a consolidation, which is taking place above the Moving Averages. It's likely that the market is going to test the closest support at 1.1874 - 1.1864. If a pullback from this area happens, bulls will try to achieve the next resistance at 1.1975 - 1.2003.

More:
https://fbs.com/analytics/articles/eur_usd%3a_bears_going_to_test_55_ma_3519

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GBP/USD: "TRIPLE TOP" LED TO CONSOLIDATION
09:44 06.09.2017

1504690626-6498ec73842878d5599c27c5d3137

The Moving Averages have acted as support, so the price is rising, but bulls faced with resistance at 1.3032 - 1.3047. In this case, we should keep an eye on the nearest support at 1.2994 - 1.2977 as an intraday target. If a pullback from these levels happens, there'll be an opportunity to have even more bullish pressure.

1504690626-98077fa5e2e9a25c6dc6cea552940

There's a "Triple Top", so the price is consolidating. Therefore, the market is likely going to test the closest support at 1.2994 - 1.2977 during the day. Meanwhile, bulls could deliver a new local high afterwards.

More:
https://fbs.com/analytics/articles/gbp_usd%3a_%22triple_top%22_led_to_consolidation_3520

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EUR/USD: UPPER "WINDOW" ACTING AS RESISTANCE
10:36 06.09.2017

1504693998-d5129e98475a10fe35df0068f2607

The 34 & 55 Moving Averages have acted as support, so the price is moving up. There's no any reversal pattern, cause all the last candles are bullish. Therefore, the market is likely going to continue rising towards the nearest resistance level.

1504693997-55b68e7100925eca8f2dff320f077

The upper "Window" is acting as resistance, so we could have a local bearish correction towards the Moving Averages. If a pullback from these lines arrives little later on, there'll be an opportunity to have another bullish price movement.

More:
https://fbs.com/analytics/articles/eur_usd%3a_upper_%22window%22_acting_as_resistance_3521

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USD/JPY: "TWEEZERS" AND "HAMMER"
10:38 06.09.2017

1504693998-b2e3beb655479ff9e0a50562f1d7c

There's a possible "Three Methods" pattern, so the current local correction is likely going to end soon. Previously, a "Shooting Star" pattern has been formed on the 89 Moving Average. In this case, we could have a new local low pretty soon.

1504693998-306085b7e0258752f146451291818

There are bullish patterns such a "Tweezers" and a "Hammer", but both of them haven't been confirmed yet. So, we could have just a local correction towards the 34 Moving Average. If a pullback from this line happens, bears are going to break the last low.

More:
https://fbs.com/analytics/articles/usd_jpy%3a_%22tweezers%22_and_%22hammer%22_3522

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EUR/USD: POSSIBLE ENDING DIAGONAL
11:06 06.09.2017

1504695924-a87920c56ccaab6fe1c2578258f11

The price is still consolidating under 4/8 MM Level, which could be a departure point for wave [c]. The main target for wave 4 is 1/8 MM Level. If we have a pullback from this level, bulls are likely going to deliver another upward impulse.

1504695924-08cc2f51831668d971fd539c917ef

There's a possible ending diagonal in wave (c) of . If a pullback from 4/8 MM Level happens, there'll be an opportunity to have a bearish impulse in wave [c] of 4. If so, we should keep an eye on 1/8 MM Level as an intraday target.

More:
https://fbs.com/analytics/articles/eur_usd%3a_possible_ending_diagonal_3523

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EUR/USD: READY TO CONTINUE UPTREND
06:45 07.09.2017

Technical levels: support – 1.1910; resistance – 1.1960, 1.1990.

Trade recommendations:

Buy — 1.1910; SL — 1.1890; TP1 — 1.1960; TP2 – 1.1990.
Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; an irregular dead cross of Tenkan-sen and Kijun-sen, narrowing channel of Tenkan-Kijun; the prices are on the support of Tenkan-sen and Kijun-sen and breaking out the SSA’s resistance.

1504766712-5974574d0f06c411e972e24d898d2

More:
https://fbs.com/analytics/articles/eur_usd%3a_ready_to_continue_uptrend_3540

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GBP/USD: CONSOLIDATION OVER CLOUD
06:46 07.09.2017

Technical levels: support –  1.2980/90; resistance – 1.3020/40.

Trade recommendations:

Buy — 1.3050; SL — 1.3030; TP1 — 1.3100; TP2 — 1.3130.
Buy — 1.2990; SL — 1.2970; TP1 — 1.3040; TP2 — 1.3100.
Reason: expanding bullish Ichimoku Cloud, rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, the rising lines; the market is out from the overbought area soon and may go higher.

1504766713-5838ef800660551113de2aff99712

More:
https://fbs.com/analytics/articles/gbp_usd%3a_consolidation_over_cloud_3542

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USD/JPY: YEN IS MOVING THROUGH CHANNELS
07:09 07.09.2017

Recommendations:

SELL 108.5 SL 109.05 TP 106.4

BUY 109.75 SL 109.2 TP 112.1

On the daily chart, USD/JPY bulls are trying to leave the short-term descending channel. If they fail and bears manage to renew August low and conquer support at 108.03, risks of decline towards 127.2% and 161.8% targets of the AB=CD pattern will increase.

1504768102-3297c54597baddc0779dab87f7356

On H1, USD/JPY formed a “Widening wedge". The return of the pair to 38.2% and 23.6% of the wave 4-5 may be used for buying. On the other hand, another test of support at 108.54 can be used for selling.

1504768120-1f50b4d918123f905c31c70a9dfda

More:
https://fbs.com/analytics/articles/usd-jpy-yen-is-moving-through-channels-3543

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