Trading Books
FBS suggest you another trading book to help you improve your trading skills. In this case is the ""7 winning trading strategies for trading Forex"" by Grace Сheng, a real pickup for WHYers, WHATers and HOWers, simply because in this book you will find the answers to all possible...
USD/JPY: THERE ISN'T ANY REVERSAL PATTERN
06:25 09.02.2018
The price is consolidating between two "Windows". Also, there's no any reversal pattern so far. Therefore, the pair is likely going to test the next support area.
There isn't any reversal pattern, cause all the last candles are...
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BOE MEETING
Every month the Bank of England announces the outcome of its meeting. In February, it will do so today February 8 at 14:00 MT time. As no changes in monetary policy are expected, the key will be the minutes containing votes of the Monetary Policy Committee’s members.
The system...
GBP/USD IS HEADING TOWARDS SUPPORT
11:22 08.02.2018
The price is testing the 89 Moving Average. The main intraday target is the nearest support at 1.3741. If a pullback from this level happens, we could have an upward price movement towards the 89 Moving Average.
There's a "Pennant" pattern...
EUR/USD: BEARISH "THREE METHODS" PATTERN
11:51 08.02.2018
There's a bearish "Three Methods" pattern, which has been formed under the Moving Averages. So, the market is likely going to continue moving down in the short term.
The upper "Window" has acted as resistance, so there's a "Shooting...
USD/JPY Daily Analytics
11:55 08.02.2018
The price is testing the Moving Averages, but bulls are likely going to test the upper "Window" in the coming hours. If a pullback from this level happens afterwards, there'll be an opportunity to have another decline.
There's a bearish "Engulfing"...
EUR/USD Daily Analytics
11:51 08.02.2018
There's a bearish "Three Methods" pattern, which has been formed under the Moving Averages. So, the market is likely going to continue moving down in the short term.
The upper "Window" has acted as resistance, so there's a "Shooting Star" pattern. In...
GBP/USD IS HEADING TOWARDS SUPPORT
11:22 08.02.2018
The price is testing the 89 Moving Average. The main intraday target is the nearest support at 1.3741. If a pullback from this level happens, we could have an upward price movement towards the 89 Moving Average.
There's a "Pennant" pattern...
EUR/JPY Daily Analytics
09:10 08.02.2018
Recommendation:
SELL 133.80
SL 134.35
TP1 132.8 TP2 131.8 TP3 131.5
On the daily chart, EUR/JPY returned to the lower border of the medium-term uptrend channel. In case of its successful test, the risks of the pair’s decline to 88.6% of the “Shark”...
USD/JPY: YEN IS IN THE LIMBO
09:19 08.02.2018
Recommendation:
SELL 108.30 SL 108.85 TP 107.3 TP2 106.3 TP3 105.3
BUY 110.25 SL 109.7 TP 111.25 TP2 111.6 TP3 111.8
On the daily chart, USD/JPY formed an Inside bar. To continue the decline, bears need to pull the pair below support at 108.90 and...
EUR/JPY Daily Analytics
09:10 08.02.2018
Recommendation:
SELL 133.80
SL 134.35
TP1 132.8 TP2 131.8 TP3 131.5
On the daily chart, EUR/JPY returned to the lower border of the medium-term uptrend channel. In case of its successful test, the risks of the pair’s decline to 88.6% of the “Shark”...
CHF/JPY Daily Analytics
08:48 08.02.2018
CHF/JPY falling minor impulse wave 1
Next sell target - 115.00
CHF/JPY continues to fall inside the minor impulse wave 1, which belongs to the intermediate impulse wave (C) from the start of February. The price earlier reversed down sharply from the...
USD/CHF Daily Analytics
08:47 08.02.2018
USD/CHF rising inside minor corrective wave (ii)
Next buy target - 0.9500
USD/CHF continues to rise inside the minor corrective wave (ii), which started earlier from the support zone lying between the key support level 0.9240 and the lower daily Bollinger...
SUPER THURSDAY
15:19 07.02.2018
On Thursday, February 8, the Bank of England will release a huge amount of data. BOE inflation report, MPC official bank rate votes, monetary policy summary and official bank rate will be delivered tomorrow at 14:00 MT time.
In the end of January Cable achieved...
WILL BITCOIN STOP FALLING?
13:40 07.02.2018
On Tuesday, Bitcoin traded below $6000, the lowest price since November 2017, however, soon it changed the direction and increased in 23% in a day. It seems like it is not going to stop plunging.
What caused such fall? Will it stop?
Analysts give...