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GBP/USD Daily Analytics 00:07 01.03.2018 All the Moving Averages have been broken, so the price is declining. It's likely that bears are going to test the nearest support at 1.3656. If a pullback from this level happens little later on, we could have an upward price movement towards the...

EUR/USD Daily Analytics 00:06 01.03.2018 The main trend is still bullish, but there's a developing bearish correction, so we should keep an eye on the next support at 1.2129 - 1.2050 as an intraday target. If a pullback from this area happens little later on, we could have an upward price...

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Forex Basics. Technical indicators are divided into several groups depending on their purpose. As purposes of the indicators are different, a trader needs not one, but a combination of several indicators to open a trade. In this article, we will tell about the three most popular technical...

USD/JPY Daily Analytics 13:07 28.02.2018 The 34 Moving Average has acted as resistance, so there's an "Evening Star", which has been confirmed. Therefore, the pair is likely going to test the nearest support area in the coming hours. There's a pullback from the lower "Window", so we've got...

EUR/USD Daily Analytics 13:05 28.02.2018 The Moving Averages have acted as resistance, so the price is declining. However, we've got a bullish "High Wave" pattern, so there's an opportunity to have a local bearish correction in the short term. Nevertheless, the market is likely going to...

GBP/USD Daily Analytics 06:43 28.02.2018 Recommendation: SELL 1.3850 SL 1.3905 TP1 1.375 TP2 1.3645 TP3 1.358 On the daily chart, GBP/USD is consolidating in the 1.3820-1.4050 range within the “Spike and ledge” pattern on the basis of 1-2-3. A break of its lower border will allow bears to...

USD/CHF Daily Analytics 06:38 28.02.2018 Recommendation: BUY 0.9415 SL 0.936 TP1 0.9515 TP2 0.96 TP3 0.977 On the daily chart of USD/CHF, bulls are gradually moving towards triggering the “Shark” pattern and its 88.6% target. The conditions necessary to continue the rally include the pair’s...

GBP/USD Daily Analytics 06:34 28.02.2018 Technical levels: support – 1.3880; resistance – 1.3930. Trade recommendations: Sell — 1.3920; SL — 1.3940; TP1 — 1.3870; TP2 — 1.3810. Reason: bearish Ichimoku Cloud with horizontal Senkou Span A and B; a cancelled golden cross of Tenkan-sen and...

EUR/USD Daily Analytics 06:32 28.02.2018 Technical levels: support – 1.2220; resistance – 1.2250. Trade recommendations: Sell — 1.2250; SL — 1.2270; TP1 — 1.2180; TP2 — 1.2110 Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A; a cancelled golden cross of Tenkan-sen and...

GBP/USD Daily Analytics 01:30 28.02.2018 There's a "Thorn" pattern, so the market is likely going to test the nearest resistance at 1.3979 - 1.4011. This area could be a departure point for a downward price movement in the direction of the next support at 1.3835. We've got a local "V-Top"...

EUR/USD Daily Analytics 01:29 28.02.2018 The last "Triangle" pattern has been broken, so the price is declining. The main intraday target is the next support at 1.2205 - 1.2164. If we have a pullback from these levels, there'll be an opportunity for an upward price movement towards the...

Traders Party: Happy Birthday Edition On February 11, 2018, FBS threw one of the greatest Traders Parties in history while celebrating company’s 9th birthday. The event was held in the city of Surabaya, Indonesia. . Let’s take a closer look at FBS birthday party’s best moments...

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THE ELLIOTT WAVE PRINCIPLE According to Elliott, a complete “bullish” market cycle consists of a 5-wave advance and a 3-wave retracement. Waves 1,3 and 5 are impulses, waves 2 and 4 – rollbacks from the peaks in the uptrend. Corrective waves (2,4) can be divided into 3 smaller waves, whereas...

POWELL’S FIRST TESTIMONY: WILL THE DOLLAR FINALLY RISE? 14:51 27.02.2018 Last week the greenback could strengthen its position a little bit. However, since yesterday the US dollar was weakening against most major currencies because of the expectations of the today Jerome Powell’s first testimony...

USD/JPY Daily Analytics 12:31 27.02.2018 There's a bullish "High Wave", so the price is rising. It's likely that the pair is going to test the 55 Moving Average soon. If a pullback from this line happens, we could have another decline. The price is consolidating along the Moving Averages...

EUR/USD Daily Analytics 12:26 27.02.2018 The Moving Averages are acting as resistance, so the last bearish "Engulfing" pattern is still on the table. In this case, if a pullback from the nearest resistance area happens little later on, there'll be a moment for another decline. The 144...

USD/CAD Daily Analytics 07:04 27.02.2018 Recommendations: BUY 1.2725 SL 1.267 TP1 1.285 TP2 1.2915 On the daily chart USD/CAD, there is a short-term consolidation in a range of 1.2615-1.2715. The break of its upper bound will let bulls count on the realization of 88,6% and 161,8% targets of...

XAU/USD Daily Analytics 06:59 27.02.2018 Recommendations: BUY $1344 SL $1329 TP $1374 TP2 $1390 TP3 $1410 SELL $1320 SL $1335 TP1 $1290 TP2 $1270 On the daily chart XAU/USD, a rebound from the bottom line of the uptrend channel allowed gold to hope for the bullish trend’s recovery again...