Market analysis and trade recommendations by FBS

[riki143]

GBP/USD: POUND FIXED ABOVE CLOUD
06:56 02.11.2017

Technical levels: support – 1.3240; resistance – 1.3340.

Trade recommendations:

Buy — 1.3280; SL — 1.3260; TP1 — 1.3340; TP2 — 1.3380.
Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A and B; a strong golden cross of Tenkan-sen and Kijun-sen with rising lines; the prices was fixed above a Cloud and Tenkan-sen and may go higher to 1.3340.

More:
https://fbs.com/analytics/articles/gbp-usd-pound-fixed-above-cloud-4815

 

[riki143]

AUD/USD: AUSSIE ENTERED INTO CLOUDY AREA
06:58 02.11.2017

Technical levels: support – 0.7670; resistance – 0.7710

Trade recommendations:

Sell — 0.7710; SL — 0.7730; TP1 — 0.7670; TP2 — 0.7630.
Reason: bearish Ichimoku Cloud, but rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen, horizontal Tenkan-sen and Kijun-sen; the prices entered into the Cloud, but there is a strong resistance on 0.7710-0.7730.

More:
https://fbs.com/analytics/articles/aud-usd-aussie-entered-into-cloudy-area-4816

 

[riki143]

EUR/USD: "TRIPLE BOTTOM" PATTERN
08:13 02.11.2017

The price is consolidating between the levels 1.1668 - 1.1582. Also, there's a "Double Bottom" pattern, which has been confirmed. The main intraday target is the nearest resistance at 1.1724 - 1.1729, which could be a departure point for a bearish price movement.

There's a "Triple Bottom" pattern, so the price reached the nearest resistance at 1.1668. In this case, there's an opportunity to have a bearish correction towards the closest support at 1.1634 - 1.1615. If a pullback from this area happens, we could have another bullish price movement.

More:
https://fbs.com/analytics/articles/eur-usd-triple-bottom-pattern-4820

 

[riki143]

GBP/USD: CONSOLIDATION NEAR 34 MA
08:20 02.11.2017

The price has been consolidating since a pullback from resistance at 1.3336 happened. The main intraday target is the next resistance at 1.3370 - 1.3408. However, if we have a pullback from this area, there'll be an opportunity to have a decline towards the 89 Moving Average.

There's a consolidation, which is taking place near the 34 Moving Average. It's likely that bears are going to test the 55 Moving Average during the day. If a pullback from this line happens, we could have another upward price movement in the direction of the next resistance at 1.3336 - 1.3370.

More:
https://fbs.com/analytics/articles/gbp-usd-consolidation-near-34-ma-4822

 

[riki143]

EUR/USD: BULLISH "ENGULFING"
13:21 02.11.2017

The 21 Moving Average has acted as resistance, but there isn't any bearish pattern so far. In this case, bulls are likely going to test the 55 Moving Average, which could be a departure point for another decline.

There's a bullish "Engulfing", but confirmation of this pattern isn't enough. So, the pair is likely going to get resistance on the 144 Moving Average during the day.

More:
https://fbs.com/analytics/articles/eur-usd-bullish-engulfing-4834

 

[riki143]

USD/JPY: 55 MA ACTED AS SUPPORT AGAIN
13:23 02.11.2017

The lower "Window" has acted as support, so the pair is likely going to test the nearest resistance. If any bearish pattern forms little later on, there'll be an opportunity to have a decline towards the Moving Averages.

The 55 Moving Average has acted as support once again. Also, there isn't any reversal pattern so far. Therefore, bulls are likely going to continue pushing the price higher in the short term.

More:
https://fbs.com/analytics/articles/usd-jpy-55-ma-acted-as-support-again-4835

 

[riki143]

EUR/USD: EURO GROWING UP TO CLOUD
06:26 03.11.2017

Technical levels: support – 1.1640; resistance – 1.1670.

Trade recommendations:

Sell — 1.1670; SL — 1.1690; TP1 — 1.1600; TP2 – 1.1580
Reason: bearish Ichimoku Cloud, horizontal Senkou Span A; a weak golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices are in consolidation and rising to resistance of the bottom border of the Cloud.

More:
https://fbs.com/analytics/articles/eur-usd-euro-growing-up-to-cloud-4843

 

[riki143]

USD/JPY: DOLLAR FIXED POSITIONS ON CLOUD
06:27 03.11.2017

Technical levels: support – 113.90, 113.50; resistance – 114.40.

Trade recommendations:

Buy — 114.00; SL — 113.80; TP1 — 114.40; TP2 — 114.80.
Sell — 113.80; SL — 114.00; TP1 — 113.00; TP2 — 112.40.
Reason: bullish Ichimoku Cloud with horizontal Senkou Span A and B; a new golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices are on the support of the Cloud.

More:
https://fbs.com/analytics/articles/usd-jpy-dollar-fixed-positions-on-cloud-4844

 

[riki143]

EUR/USD: EURO APPROACHED THE MILESTONE
07:21 03.11.2017

Recommendation:

BUY 1.1680

SL 1.1625

TP1 1.1775 TP2 1.18

On the daily chart, bulls are trying to counterattack and conquer resistance at 1.1670-1.1680. If they succeed, euro will manage to go to the area of trade channel’s intersection ($1.1775-$1.1800). On the other hand, return to support at 1.1595-1.1610 with the following successful will increase the odds of realization of 200% target of AB=CD.

On H1, a successful test of resistance at 1.1670-1.1680 will increase the odds of formation of the “Crab” pattern with targets at 78.6% and 88.6%.

More:
https://fbs.com/analytics/articles/eur-usd-euro-approached-the-milestone-4846

 

[riki143]

EUR/GBP: BULLS ARE RESUMING THE TREND
07:31 03.11.2017

Recommendation:

BUY 0.8990

SL 0.8935

TP1 0.9075 TP2 0.9200

On the daily chart, EUR/GBP is forming the “Dragon” pattern. The first condition of its realization is the return of the pair inside the previous short-term uptrend channel. A successful test of resistance at 0.8980 will be the signal.

On H1, EUR/GBP formed a widening wedge pattern. Return of the pair to support at 0.8800 with the following successful test is a signal for selling. On the other hand, successful test of resistance at 0.8990 will open way to the north for bulls.

More:
https://fbs.com/analytics/articles/eur-gbp-bulls-are-resuming-the-trend-4847

 

[riki143]

EUR/USD: DEVELOPING "FLAG" PATTERN
08:45 03.11.2017

The price is consolidating between the levels 1.1695 - 1.1582. Also, there's a developing "Flag" pattern, so the market is likely going to reach the nearest resistance at 1.1724 - 1.1729. If a pullback from this area happens, there'll be an opportunity to have a decline towards the closest support at 1.1634 - 1.1615.

There's a consolidating, which is taking place between the 55 & 89 Moving Averages. Moreover, we've got a "V-Top" pattern, so bears are likely going to test the 34 Moving Average soon. If a pullback from this line arrives little later on, bulls will probably try to reach the next resistance at 1.1695 - 1.1724.

More:
https://fbs.com/analytics/articles/eur-usd-developing-flag-pattern-4853

 

[riki143]

GBP/USD: "TRIPLE TOP" PATTERN
08:48 03.11.2017

There's a "Triple Top" pattern, so the market has plunged. However, bears faced with support at 1.3047 - 1.3032, so the price is consolidating. It's likely that the pair is going to rise in the short term. The main intraday target is the next resistance at 1.3081 - 1.3120. This area could be a departure point for a decline.

All the Moving Averages have been broken. If a pullback from the closest resistance at 1.3190 happens, there'll be an opportunity to have a downward price movement. In this case, we should keep an eye on the next support at 1.3026 - 1.2994 as the next bearish target.

More:
https://fbs.com/analytics/articles/gbp-usd-triple-top-pattern-4854

 

[riki143]

AUD/CAD REVERSED FROM RESISTANCE ZONE
12:16 03.11.2017
AUD/CAD reversed from resistance zone
Next sell target - 0.9770
AUD/CAD recently reversed down from the resistance zone lying between the strong resistance level 0.9900 (top of the previous minor impulse wave 1 from September), upper daily Bollinger Band and the 50% Fibonacci correction of the previous downward impulse from the start of August. AUD/CAD is expected to fall further to the next sell target at the next major support level 0.9770 (which created the daily Bullish Engulfing and the daily Hammer in September).

More=
https://fbs.com/analytics/articles/aud-cad-reversed-from-resistance-zone-4860

 

[riki143]

AUD/NZD REVERSED FROM RESISTANCE ZONE
12:17 03.11.2017

AUD/NZD reversed from resistance zone
Next sell target - 1.1000
AUD/NZD recently reversed down from the resistance zone lying between the multi-month resistance level 1.1300 (which has reversed numerous upward impulse waves from the end of 2014, as can be seen from the weekly AUD/NZD chart below) and the upper weekly Bollinger Band. Given the strength of the aforementioned resistance zone - AUD/NZD can be expected to fall further to the next sell target at the next support level 1.1000.

More:
https://fbs.com/analytics/articles/aud-nzd-reversed-from-resistance-zone-4861

 

[riki143]

GBP/USD: POUND RETURNED TO BOTTOM BORDER OF CLOUD
05:45 07.11.2017

Technical levels: support – 1.3080; resistance – 1.3180.

Trade recommendations:

Sell — 1.3160; SL — 1.3180; TP1 — 1.3080; TP2 — 1.3010.
Reason: bearish Ichimoku Cloud, but rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen; the prices returned to the Cloud, under the resistance of horizontal Senkou Span B and Kijun-sen.

More:
https://fbs.com/analytics/articles/gbp-usd-pound-returned-to-bottom-border-of-cloud-4911

 

[riki143]

AUD/USD: AUSSIE ENTERED INTO THE CLOUD AGAIN
05:46 07.11.2017

Technical levels: support – 0.7650; resistance – 0.7710

Trade recommendations:

Sell — 0.7670; SL — 0.7690; TP1 — 0.7590; TP2 — 0.7540.
Reason: bearish Ichimoku Cloud with falling Senkou Span A; a new dead cross of Tenkan-sen and Kijun-sen; the prices entered into the Cloud, but there is a strong resistance near 0.7000.

More:
https://fbs.com/analytics/articles/aud-usd-aussie-entered-into-the-cloud-again-4912

 

[riki143]

EUR/USD Daily Analytics
08:40 07.11.2017

The last "Flag" pattern has been broken, so the price is consolidating. The main intraday target is the next support area at 1.1582 - 1.1560. If a pullback from these levels happens, there'll be an opportunity to have a bullish correction in the direction of the closest resistance at 1.1668 - 1.1695.

The price is consolidating between the levels 1.1615 - 1.1601. Also, there's a "Flag" pattern, so the pair is likely going to test the 55 Moving Average in the coming hours. If a pullback from this line happens little later on, we could have another decline towards the nearest support at 1.1574 - 1.1560.

More:
https://fbs.com/analytics/articles/eur-usd-flag-pattern-4914

 

[riki143]

XAU/USD Daily Analytics
08:40 07.11.2017
Recommendation: SELL $1267 SL $1281 TP1 $1237 TP2 $1212

On the daily chart, XAU/USD keeps fighting for an important level of $1281 an ounce. If the bulls manage to leave the descending trend channel and settle above it, gold will get chance to get to $1299 and $1321. On the other hand, bears’ victory will increase the odds of the pair getting to 78.6% and 200% of Gartley pattern and AB=CD.

On H1, wait for formation of the wave 4-5 within the widening wedge. Decline below support at $1267 will signal downtrend’s resumption.

More:
https://fbs.com/analytics/articles/xau-usd-gold-is-painting-a-wedge-4915

 

[riki143]

USD/CAD Daily Analytics
08:56 07.11.2017
Recommendation:

BUY 1.2645 SL 1.2590 TP1 1.2745 TP2 1.2845

BUY 1.2585 SL 1.253 TP1 1.2685 TP2 1.2785

On the daily chart, the inability of bulls to conquer resistance at 1.2922 became a reason for bears’ counterattack. As long as the pair’s above support at 1.2462, there are reasons to buy on the pullbacks to the short-term uptrend.

On H1, USD/CAD is forming “Spike with reversal and acceleration”. Rebounds from support in form of the lower border of the uptrend and the upper border of a triangle should be used for opening long positions.

More:
https://fbs.com/analytics/articles/usd-cad-bulls-made-a-stop-4916

 

[riki143]

GBP/USD Daily Analytics
08:56 07.11.2017

We've got a "Double Bottom", which has been confirmed, so the price reached the 34 Moving Average. In this case, the market is likely going to achieve the next support at 1.3150 - 1.3081 in the short term. However, if a pullback from these levels happens, we could have an upward price movement towards another resistance at 1.3250 - 1.3239.

The last "Triple Bottom" pattern led to the current upward price movement, so all the Moving Averages have been broken. Meanwhile, we could have a local bearish correction during the day, but bulls are likely going to reach the next resistance at 1.3205 - 1.3239 afterwards.

More:
https://fbs.com/analytics/articles/gbp-usd-price-reached-the-34-ma-4917