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EUR/USD: PULLBACK FROM 7/8 MM LEVEL
09:05 11.09.2017

1505120663-c75064a7895f5bd091ac1f2aff5fb

There's a pullback from 7/8 MM Level, so wave may have been formed. In this case, we could have a bearish correction in the short term. The main target for wave [ii] is 6/8 MM Level, which could be a departure point for wave [iii].

1505120663-541af54e40676b21f7d51ac6380d0

8/8 MM Level has acted as resistance, so we've got a bearish impulse in wave (a). Also, there's a pullback from 5/8 MM Level, so the price is rising. If a pullback from 7/8 MM Level happens, bears are likely going to deliver wave (c) of [ii].

More:
https://fbs.com/analytics/articles/eur-usd-pullback-from-7-8-mm-level-3624

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USD/JPY: BULLISH "MORNING STAR"
10:41 11.09.2017

1505126311-c0f6d73d79f0984fc00cf8c40636e

The price reached the upper "Window", but there isn't any reversal pattern so far. Moreover, there's a possible bullish "Three Methods". So, we could have the price even higher in the short term. If any bearish pattern forms afterwards, there'll be an opportunity to have a decline.

1505126311-3a68ece26e4de2e02fa5dba89e9f9

The last bullish "Morning Star" led to the current upward price movement. At the same time, we've got a "Three Methods" pattern, so the pair is likely going to reach the 89 Moving Average during the day.

More:
https://fbs.com/analytics/articles/usd-jpy-bullish-morning-star-3626

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EUR/USD: BEARISH "HIGH WAVE"
10:44 11.09.2017

1505126312-36c5a11491bf07ce125d136e99792

We've got a bearish "High Wave", which has been confirmed. In this case, the market is likely going to test the nearest support. If a pullback from this level happens, there'll be an opportunity to have just another upward price movement.

1505126312-a470780e8336b6c8149af73bc7b01

The 34 Moving Average is acting as support, so we've got a bullish "Hammer" at the local low. However, this pattern doesn't have confirmation, so the price is likely going to continue declining towards the 55 MA.

More:
https://fbs.com/analytics/articles/eur-usd-bearish-high-wave-3627

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XAU/USD: GOLD APPROACHED A CRITICAL LINE
07:13 12.09.2017

Recommendation:

SELL $1323

SL $1338

TP1 $1305 TP2 $1282 TP3 $1272

On the daily chart, the inability of the bulls to settle above 161.8% target of AB=CD points at their weakness. A break of support at $1320,4-1321,6 will strengthen the risks of correction to at least the lower border of the uptrend channel.

1505200310-20c6ebb86722ac92f8a505b7903a9

On H1, further dynamics of the pair will depend on the test of support at $1323. Success will allow bears to develop a move towards 88.6% and 113% targets of the β€œShark” pattern. Failure will create grounds for the uptrend resumption.

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More:
https://fbs.com/analytics/articles/xau-usd-gold-approached-a-critical-line-3649

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USD/CAD: WILL THE TRIANGLE STOP BEARS?
07:19 12.09.2017

Recommendation:

BUY 1.2165

SL 1.211

TP1 1.229 TP2 1.2365

On the daily chart, USD/CAD approached 200% target of AB=CD. If bears manage to conquer support at 1.2045, risks of continuation of the decline to 1.1960 and 1.1820 will increase. On the other hand, pair’s return above resistance at 1.2185 will create grounds for a correction.

1505200693-1430b06b52ccdf0a9e951da313446

On H1, USD/CAD formed a triangle. A break of its upper border will increase the possibility of a pullback towards the lower and the upper border of the earlier gap.

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More:
https://fbs.com/analytics/articles/usd-cad-will-the-triangle-stop-bears-3650

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EUR/USD: "TRIPLE BOTTOM" PUSHED PRICE TO 55 MA
08:57 12.09.2017

1505206514-8e8bc0407eabbdaf7c36875ef7a7c

The main trend is still bullish. The 34 Moving Average has acted as support, so the price is likely going to reach the nearest resistance at 1.1975 - 1.2003. If a pullback from these levels happens, there'll be an opportunity to have a decline towards the next support at 1.1909 - 1.1892.

1505206513-28b7ccc78d7df6fcb50801da6c145

We've got a "Triple Bottom", which pushed the price to 55 Moving Average. So, the market is likely going to achieve the closest resistance area at 1.2028. If we have a pullback from this level, bears will try to test another support at 1.1934 - 1.1907.

More:
https://fbs.com/analytics/articles/eur-usd-triple-bottom-pushed-price-to-55-ma-3655

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GBP/USD: "DOUBLE TOP" PATTERN
09:02 12.09.2017

1505206514-a4cf95cfeb57a9e31aeabfcfb5d9f

The price is consolidating between the levels 1.3223 - 1.3164. At the same time, there's a "Double Top" pattern, which has been confirmed. So, the last high could be tested once again in the short term, but bears are likely going to reach the nearest support at 1.3164 - 1.3136 afterwards.

1505206514-76be44514f86b0c83fca5480d1f6e

We've got a confirmed "Double Top", but there's a pullback from support at 1.3164. Therefore, the pair is likely going to achieve the nearest resistance at 1.3190 - 1.3223. If a pullback from these levels happens, there'll be an option to have another decline in the direction of the next support at 1.3164 - 1.3149.

More:
https://fbs.com/analytics/articles/gbp-usd-double-top-pattern-3656

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EUR/USD: [II] TAKING FORM OF ZIGZAG
11:00 12.09.2017

1505213312-26eaf759c1750f0feed0c7a4baba1

7/8 MM Level has acted as resistance, so there's developing wave [ii]. If the price fixates above 6/8 MM Level little later on, there'll be an opportunity to have just another bullish impulse. The main target for wave [iii] is 8/8 MM Level.

1505213313-389d346218c59babe7c6269e81440

Wave [ii] is taking the form of a zigzag. If a pullback from 3/8 MM Level happens in the short term, bulls are likely going to deliver an upward impulse in wave (i). So, we should keep an eye on 5/8 MM Level as an intraday target.

More:
https://fbs.com/analytics/articles/eur-usd-%5bii%5d-taking-form-of-zigzag-3657

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USD/JPY: BULLISH "ENGULFING" PATTERN
11:10 12.09.2017

1505214556-8da3ea799ceaff5592cf7f197b7a7

The price reached the 89 Moving Average, but there isn't any reversal pattern so far. In this case, bulls are likely going to reach the next "Window", which could be a departure point for a downward correction.

1505214556-1737a6c58854a4b44df3756aa25a3

The last bullish "Engulfing" pattern pushed the price even higher. Also, there isn't any reversal pattern, cause all the last candles are bullish. So, the market is likely going to continue moving up in the short term.

More:
https://fbs.com/analytics/articles/usd-jpy-bullish-engulfing-pattern-3658

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EUR/USD: BULLS GOING TO DELIVER CORRECTION
11:14 12.09.2017

1505214556-d8d1d7a5882df3a4a63e9fcb320a1

We've got a bullish "Inverted Hammer", but this pattern remains unconfirmed. So, we could have the price a little bit lower in the short term. Anyway, bulls are likely going to deliver an upward correction afterwards.

1505214556-950bd6c9759f6fc3f219911caaa8a

The 55 Moving Average is acting as resistance, so there's a bearish "Doji", which has been confirmed enough. So, the lower "Window" is likely going to be tested during the day. If we have a pullback from this level, there'll be time for bullish correction.

More:
https://fbs.com/analytics/articles/eur-usd-bulls-going-to-deliver-correction-3659

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US DOLLAR: A PULL BACK COMING SOON?
01:01 13.09.2017

US Dollar Index has been following to the bears against a basket of major currencies and it’s approaching to the 200 SMA at H1 chart, nearing to the Fibonacci level of 50% (92.14). If the index manages to break above that area, we can expect an acceleration to test September 1st highs at 92.80, at which is located the Fibo level of 78.6%.

However, if we see a pull back at the current stage, the index could plummet towards the -23.6% level at 90.42. RSI indicator remains in the positive territory.

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More:
https://fbs.com/analytics/articles/us-dollar-a-pull-back-coming-soon-3676

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EUR/USD: 3/8 MM LEVEL ACTED AS SUPPORT
07:24 13.09.2017

1505287406-ea2bb910e90f67cc886e5d583906a

Wave [ii] may have been ended, cause there's a pullback from 6/8 MM Level. So, there's an opportunity to have wave [iii]. In this case, we should keep an eye on 8/8 MM Level as the next bullish target.

1505287405-77c37b32a221fa0e698cb2f8fd8e3

There's a possible zigzag in wave [ii]. 3/8 MM Level has acted as support, so the price is rising. Therefore, wave (i) of [iii] is likely going to move on towards 6/8 MM Level.

More:
https://fbs.com/analytics/articles/eur-usd-3-8-mm-level-acted-as-support-3682

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EUR/USD: EURO IS SUPPORTED BY CLOUD
07:38 13.09.2017

Technical levels: support – 1.1950, 1.1900; resistance – 1.2030, 1.2075.

Trade recommendations:

Buy β€” 1.1980/90; SL β€” 1.1960; TP1 β€” 1.2030; TP2 – 1.2075.
Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Kijun-sen; the prices are on the support of the Cloud.

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More:
https://fbs.com/analytics/articles/eur-usd-euro-is-supported-by-cloud-3684

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USD/JPY: DOLLAR IS OVERBOUGHT
07:39 13.09.2017

Technical levels: support – 109.60, 109.10; resistance – 110.40.

Trade recommendations:

Sell β€” 109. 90; SL β€” 110.10; TP1 β€” 109.10; TP2 β€” 108.90.
Reason: narrowing bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen; Dollar is going to positive area, but the market is overbought now.

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More:
https://fbs.com/analytics/articles/usd-jpy-dollar-is-overbought-3685

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EUR/USD: "V-BOTTOM" PATTERN
07:54 13.09.2017

1505289191-4ad274ac27ae2032cf327aab946d9

The main trend is still bullish. The 34 Moving Average has acted as support, so we've got a "V-Bottom" pattern on this line. Therefore, the market is likely going to reach the nearest resistance at 1.2042 - 1.2069 in the short term. If a pullback from this area happens, we could have a decline towards the next support at 1.1909.

1505289191-e519be99dd149b26a829a217921aa

Bears faced with support at 1.1907, so we've got a "V-Bottom" pattern, which led to the current consolidation. In this case, the pair is likely going to achieve the closest resistance at 1.2028 - 1.2042 during the day. Meanwhile, if we have a pullback from these levels, there'll be an opportunity to have a downward price movement towards another support at 1.1941 - 1.1934.

More:
https://fbs.com/analytics/articles/eur-usd-v-bottom-pattern-3686

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GBP/USD: MARKET GOING TO CLIMB EVEN HIGHER
07:56 13.09.2017

1505289188-9414552ec640f082fa0eaabfc4320

The last "Flag" pattern has been broken, so the price is rising. The main intraday target is the nearest resistance at 1.3345 - 1.3374. If a pullback from this area happens little later on, bears will try to test the closest support at 1.3277 - 1.3249.

1505289189-289190163a3d86cb94449c3470d59

The price is consolidating, but the market is likely going to climb even higher. Therefore, we should keep an eye on the next resistance at 1.3345 - 1.3374 as an intraday target, which could be a departure point for a bearish correction.

More:
https://fbs.com/analytics/articles/gbp-usd-market-going-to-climb-even-higher-3687

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USD/CHF: FRANC GOT INTO DRAGON’S LAIR
08:42 13.09.2017

Recommendation:

BUY 0.9615 SL 0.956

TP1 0.9695 TP2 0.978 TP3 0.986

On the daily chart, USD/CHF formed a powerful reversal pattern β€œTriple bottom”. As a result, risks of a β€œDragon” pattern increased, although bulls firstly need to get above resistance at 0.9615 and 0.9650.

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On H1, USD/CHF keeps forming the β€œDragon” pattern. Bullish movement will face at least one pullback (β€œHead of the Dragon”), although the pair may have already chosen its direction. As a result, buying on breakthroughs is the main strategy.

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More:
https://fbs.com/analytics/articles/usd-chf-franc-got-into-dragon%E2%80%99s-lair-3689

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GBP/USD: INDIANS ON THE HORIZON
08:52 13.09.2017

Recommendation:

SELL 1.34

SL 1.3455

TP1 1.3265 TP2 1.321

On the daily chart, GBP/USD keeps forming an AB=CD pattern. Its 127.2% target is near the line of β€œThree Indians”. This increases the risks of correction if bulls show weakness and fail to overcome important resistance at 1.3400.

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On H1, a break above the level of 88.6% of the wave CD of the 5-0 pattern allowed bulls to resume the uptrend. The pair is currently forming β€œSpike and reversal with acceleration” and AB=CD.

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More:
https://fbs.com/analytics/articles/gbp-usd-indians-on-the-horizon-3691

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USD/JPY: "EVENING STAR" THE UPPER "WINDOW"
11:42 13.09.2017

1505302866-ed3e3c491ef7873de75c8171f72df

The price reached the 144 Moving Average, so there's a bearish "Doji", which hasn't been confirmed enough. Therefore, we could have a local upward correction in the short term, but bears are likely going to deliver another decline afterwards.

1505302866-919babbd33839157a35284d852c15

We've got a bearish "Evening Star" on the upper "Window". Considering confirmation of this pattern, the pair is likely going to achieve the Moving Averages during the day.

More:
https://fbs.com/analytics/articles/usd-jpy-evening-star-the-upper-window-3694

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EUR/USD: BEARISH "TWEEZERS"
11:43 13.09.2017

1505302866-42b0d1e96668de2a56da7c4667d20

We've got an "Engulfing" and a "Belt hold" patterns on the 34 Moving Average. In this case, the market is likely going to test the nearest support once again. If a pullback from this level happens, we could have a bullish price movement towards the nearest "Window".

1505302866-6791ec7b41a597af3faad4441495e

The price is consolidating near the Moving Averages. At the same time, we've got a bearish "Tweezers", but this pattern remains unconfirmed. So, the lower "Window" is going to act as support for the second time.

More:
https://fbs.com/analytics/articles/eur-usd-bearish-tweezers-3695

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