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NZD/CAD falling inside intermediate correction (2) 2/13/2017 NZD/CAD falling inside intermediate correction (2) Next sell target - 0.9350 NZD/CAD continues to fall inside the intermediate correction (2) – which started earlier from the resistance zone lying between the pivotal resistance...

USD/JPY broke daily Falling Wedge 2/13/2017 USD/JPY broke daily Falling Wedge Next buy target – 115.00 USD/JPY continues to rise after the price earlier broke the resistance trendline of the daily Falling Wedge chart pattern from January. The breakout of this Falling Wedge continues the...

USD/JPY: bulls going to test "Window" 2/13/2017 There’s a new “Window”, but we’ve got a “Shooting Star” at the last high. Considering a confirmation of this pattern, the price is likely going to test the 34 Moving Average, which could be a departure point to another bullish rally More...

EUR/USD: "Window" acted as a resistance 2/13/2017 We’ve got a “High Wave” and a “Harami”, which both have been confirmed enough. Therefore, the upper “Window” is likely going to act as a support. If so, bulls will probably try to test the nearest Moving Averages. There’s a “Hammer” at the...

EUR/USD: wave is about to end 2/13/2017 Wave is about to end. So, we could have a new low in the short term, but then bulls are likely going to deliver wave [ii]. In this case, we should keep an eye on 8/8 MM Level as a possible intraday target. We’ve got two pullbacks from 1/8 MM Level...

Oil prices are still steady, but for how long 2/13/2017 Brent oil futures dipped to $56.40 as investors booked profits ahead of the OPEC’s monthly report that should reveal how well the member countries adhere to planned output cuts. The oil prices have become vulnerable to any bearish news as...

Is the US stocks rally just getting started? 2/13/2017 The US stocks hit record highs as investors assessed Trump’s pledge to overhaul business taxes in the upcoming weeks. The S&P 500 Index rose to a record 2,316.10, while the Dow Jones Industrial Average moved through 20, 270 having added...

GBP/USD: "Double Bottom" pushing the market higher 2/13/2017 We’ve got a “V-Bottom”, so the pair is likely going to test the nearest resistance at 1.2548 – 1.2581 in the short term. If a pullback from these levels happens, there’ll be an opportunity to have a decline towards a support at...

EUR/USD: bulls going to test Moving Average 2/13/2017 Bears faced a support at 1.0619, so the price is consolidating. Therefore, the market is likely going to test a resistance at 1.0655 – 1.0669. If a pullback from this area happens, there’ll be an opportunity to have a decline towards the...

USD/JPY: moving to Senkou Span B 2/13/2017 Technical levels: support – 113.60; resistance – 114.40, 114.80. Trade recommendations: 1. Buy — 113.60; SL — 113.40; TP1 — 114.40; TP2 — 114.80. Reason: narrowing bearish Ichimoku Cloud, rising Senkou Span A; a golden cross of Tenkan-sen and...

GBP/USD: pound ready to breakout 2/13/2017 Technical levels: support – 1.2465; resistance – 1.2500, 1.2560. Trade recommendations: 1. Buy — 1.2480; SL — 1.2460; TP1 — 1.2560; TP2 — 1.2590. Reason: bullish Ichimoku Cloud, rising Senkou Span B; a golden cross of Tenkan-sen and Kijun-sen; the...

Morning brief for February 13 2/13/2017 The US regained its mojo by the end of the past week mainly due to Trump’s hint of an extensive tax reform announcement. USD/JPY swung to 114.16 having initially declined to 112.85 after the Trump-Abe joint conference. The leaders refrained from arguing...

USD/CHF: franc is losing its ground 2/13/2017 On the USD/CHF daily chart, a breakout of the upper boundary of the downward trading channel demonstrates the willingness of the bulls to gain the lead. A necessary condition for the restoration of the long-term uptrend is the ability of buyers to...

USD/JPY: "Window" acted as support 2/13/2017 There’re a “Tweezers” and a “High Wave”, which both have been confirmed. The last candle couldn’t close below a support by the nearest “Window”. If any bullish pattern arrives later on, there’ll be an opportunity to have a bullish price movement...

EUR/USD: bearish "Shooting Star" 2/13/2017 We’ve got two “High Waves”, which have been confirmed enough. Also, there’s bearish “Engulfing”. If this pattern confirms, the market is likely going to test the nearest support, which could be a departure point for a local upward price movement...

Key option levels for Monday, February 13th 2/12/2017 * Data about changes in the open interest will be available on Monday after 00:45 CT (Central Time) * EUR/USD Main trend Short-term period Medium-term period Bearish Neutral Changes in the open interest -?- -?- Closest...

Fundamentals for trading GBP 2/12/2017 There are many economic releases that influence the pound the most and help us to form a comprehensive view of its further direction. CPI report The latest CPI figures beat the market expectations having risen by 1.2% from November’s update. It was the...

2/8/2017 Today! FBS celebrates its 8th birthday. People are still young at this age but we have managed to achieve great success and learn many glorious things over these past bright years. Of course, with your help and for you! We are full of energy to change the world for the better and we...

USD/CHF broke above parity 2/10/2017 USD/CHF broke above parity Next buy target - 1.0100 USD/CHF continues to rise after the recent breakout of the parity. The breakout of this resistance level greatly accelerated the active intermediate impulse wave (3) – which started earlier from the...

CAD/JPY reversed from combined support zone 2/10/2017 CAD/JPY reversed from combined support zone Next buy target – 88.00 CAD/JPY continues to rise inside the minor impulse wave (iii), which began earlier – when the pair reversed up from the combined support zone lying at the intersection...