Market analysis and trade recommendations by FBS

[riki143]

EUR/USD Daily Analytics
12:23 12.12.2017

The 55 & 89 Moving Averages are acting as resistance, so there's a "Shooting Star" pattern, which has been confirmed. In this case, if a pullback from the 34 MA happens soon, there'll be an opportunity to have another decline.

There are bearish patterns such a "Doji" and a "Harami", which both have been formed on the 55 Moving Average. So, the market is likely going to decline towards the nearest support area in the short term.

More:
https://fbs.com/analytics/articles/eur-usd-shooting-star-pattern-5653

 

[riki143]

USD/JPY Daily Analytics
12:25 12.12.2017

We've got a bearish "Harami", but confirmation of this pattern is a quite weak. Therefore, the pair is likely going to test the upper "Window", which could be a departure point for a downward correction.

The price is still consolidating. The 21 Moving Average is acting as support. It seems like we're going to have a new local high in the coming hours. If any bearish pattern forms afterwards, there'll be a moment to have a decline.

More:
https://fbs.com/analytics/articles/usd-jpy-bearish-harami-5654

 

[riki143]

EUR/USD Dailt Analytics
15:34 12.12.2017

There's a possible ending diagonal in wave 5. If correct, we're likely going to have wave [iii] inside this pattern. So, we should keep an eye on +2/8 MM Level as the next bullish target.

We've got an upward impulse, which could be wave i. If so, wave ii is about to end. Therefore, there's an opportunity to have wave iii of (a). The main intraday target is 5/8 MM Levels.

More:
https://fbs.com/analytics/articles/eur-usd-possible-ending-diagonal-5656

 

[riki143]

GBP/USD Daily Analytics
01:15 13.12.2017
GBP/USD remains supported by the Fibonacci zone of 65% at 1.3335 and looks forward to test fresh highs across the board. Such level should give up in order to invalidate the bullish scenario and the next target will be the November 28th lows at 1.3220. However, to the upside, if the pair manages to break above December 8th highs, then the next target lies at -23.6% Fibo level at 1.3626.

RSI indicator remains hovering in the positive territory.

More:
https://fbs.com/analytics/articles/gbp-usd-testing-a-key-support-around-65%-fibo-level-5663

 

[riki143]

BITCOIN (BTC/USD) Daily Analytics
01:26 13.12.2017
The optimism for Bitcoin is still latent in the financial markets and is that during the session of December 11, it reached new heights above the barrier of 17,000. Recall that the BTC/USD has been bouncing from the 200-hour moving average and this has helped it gain momentum in the short and medium term.

The resistance of 17,076 continues to be a major obstacle for the bulls and it is possible that news regarding the capitalization of cryptocurrency in the futures market in the United States continues to be the main driver of movements in the short term. During the first day of operations, the BTC remained bullish and above the 17,000 mark.

In a few minutes, the Bitcoin moved about 1,000 against the US dollar, which indicates that there is still caution regarding the interest of this cryptocurrency in the futures market. According to the capitalization shown by CoinMarketCap, the BTC has been showing gains among the top 10 of the main critics worldwide, making a total of $ 456 billion dollars.

What do we expect?

According to our projections on the H1 chart, the Parabolic SAR continues to support the bullish price action in the Bitcoin and it is possible that the rebound made on the 200-hour moving average is enough to reach the next Fibonacci target of -23.6% in 19,114.29. On the downside, we have a strong support in the psychological barrier of 15,000. The RSI remains in positive territory, favoring the bullish scenario for the short term.

More:
https://fbs.com/analytics/articles/bitcoin-btc-usd-favored-by-the-bullish-price-action-5664

 

[riki143]

GBP/USD Daily Analytics
06:46 13.12.2017
Technical levels: support – 1.3310; resistance – 1.3370.

Trade recommendations:

Buy — 1.3320/30; SL — 1.3300; TP1 — 1.3370; TP2 — 1.3400.
Reason: narrowing bullish Ichimoku Cloud, falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, with falling Tenkan-sen; the prices in a cloudy area on the support of Senkou Span B.

More:
https://fbs.com/analytics/articles/gbp-usd-pound-reached-ssb’s-support-5670

 

[riki143]

AUD/USD Daily Analytics
06:47 13.12.2017
Technical levels: support – 0.7540; resistance – 0.7580

Trade recommendations:

Sell — 0.7570; SL — 0.7590; TP1 — 0.7540; TP2 — 0.7490.
Reason: bearish Ichimoku Cloud with rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices are under strong resistance of the Cloud.

More:
https://fbs.com/analytics/articles/aud-usd-aussie-will-test-cloud’s-resistance-5671

 

[riki143]

USD/CHF Daily Analytics
07:44 13.12.2017
Recommendation:

BUY 0.9855

SL 0.98

TP1 0.9955 TP2 1.0005 TP3 1.0145

On the daily chart, a break of support at 0.9880-0.9890 will allow bears to develop correction to the lower border of an uptrend channel. On the other hand, a pullback can create grounds for an advance towards 200% target of AB=CD.

On H1, USD/CHF is transforming the inverted “Shark” pattern into 5-0. Usually, a pullback of the pair from 38.2%, 50% and 61.8% of the wave CD is used for opening long positions.

More:
https://fbs.com/analytics/articles/usd-chf-franc-approached-a-milestone-5673

 

[riki143]

GBP/USD Daily Analytics
07:58 13.12.2017
Recommendation:

BUY 1.3430

SL 1.3375

TP1 1.3530 TP2 1.3585

On the daily chart, GBP/USD is retesting the upper border of the previous consolidation range 1.3040-1.3320. In case of successful break of support at 1.3290-1.3320, bears will have an opportunity to trigger “Shakeout-Fakeout” pattern. To resume the uptrend, bulls need to conquer resistance at 1.3520 and 1.3585.

On H1, GBP/USD has almost reached 78.6% target of the “Gartley” pattern. A pullback of support at 1.3295 with the following return inside the uptrend channel will allow bulls to develop their attack.

More:
https://fbs.com/analytics/articles/gbp-usd-bulls-retreat-but-dont-give-up-5674

 

[riki143]

EUR/USD Daily Analytics
09:54 13.12.2017

Bears faced with support at 1.1712, so there's a "V-Bottom", which pushed the price to the nearest resistance at 1.1756. Considering that there was a pullback from the Moving Averages, the market is likely going to test the nearest support at 1.1712 - 1.1695 in the short term.

There's a "Double Top", which has been formed under the 34 Moving Average. The main intraday target is the next support at 1.1712 - 1.1695. If a pullback from this area happens little later on, there'll be an opportunity to have an upward price movement towards the nearest resistance at 1.1756 - 1.1772.

More:
https://fbs.com/analytics/articles/eur-usd-double-top-under-34-ma-5677

 

[riki143]

GBP/USD Daily Analytics
10:00 13.12.2017

The 89 Moving Average has acted as support, so the price is consolidating. Considering that there are a "Double Top" and a "V-Top" patterns, the pair is likely going to achieve the closest support at 1.3278 - 1.3259 in the coming hours.

There's a "Flag" pattern, so bears are likely going to reach the nearest support area at 1.3278 - 1.3259. Meanwhile, if a pullback from these level arrives afterwards, we could have an upward price movement in the direction of another resistance at 1.3336 - 1.3357.

More:
https://fbs.com/analytics/articles/gbp-usd-flag-pattern-5678

 

[riki143]

EUR/USD Daily Analytics
10:54 13.12.2017

There are bullish patterns such a "Piercing Line" and a "Harami", which both have been confirmed. Therefore, the market is likely going to test the 34 & 55 Moving Averages. If a pullback from these lines happens little later on, there'll be an opportunity to have another decline.

We've got a confirmed "Hammer", which has been formed at the last local low. Meanwhile, we could have a local bearish correction during the day, but bulls are likely going to reach the 144 Moving Average afterwards.

More:
https://fbs.com/analytics/articles/eur-usd-confirmed-hammer-5679

 

[riki143]

USD/JPY Daily Analytics
10:57 13.12.2017

The upper "Window" has acted as resistance, so there's a confirmed bearish "Harami". The main intraday target is the 34 Moving Average. If a pullback from this line happens, we could have a local upward correction towards the "Window".

The price has been consolidating between the Moving Averages. Also, there's a bearish "Three Methods" pattern, so the market is likely going to test the nearest support area in the short term.

More:
https://fbs.com/analytics/articles/usd-jpy-main-intraday-is-34-ma-5680

 

[riki143]

EUR/USD Daily Analytics
06:50 14.12.2017
Technical levels: support – 1.1800; resistance – 1.1840.

Trade recommendations:

Buy — 1.1800; SL — 1.1780; TP1 — 1.1870; TP2 – 1.1900
Reason: narrowing bearish Ichimoku Cloud, rising Senkou Span A; a cancelled dead cross of Tenkan-sen and Kijun-sen with rising lines; the prices are returned to the positive area and may go higher.

More:
https://fbs.com/analytics/articles/eur-usd-euro-returned-to-positive-area-5700

 

[riki143]

USD/JPY Daily Analytics
06:51 14.12.2017
Technical levels: support – 112.40; resistance – 113.00.

Trade recommendations:

Buy — 112.50/60; SL — 112.30; TP1 — 113.00; TP2 — 113.50.
Reason: narrowing bullish Ichimoku Cloud with horizontal Senkou Span A and B; a cancelled golden cross of Tenkan-sen and Kijun-sen; the prices are entered into the Cloud, but supported by Senkou Span B.

More:
https://fbs.com/analytics/articles/usd-jpy-dollar-testing-cloud’s-support-5701

 

[riki143]

EUR/JPY Daily Analytics
07:59 14.12.2017
Recommendation: BUY 134 SL 133.45 TP1 135 TP2 136 TP3 138

On the daily chart, EUR/JPY keeps consolidating in the 131.50-133.95 within the “Spike and ledge”. Another test of resistance at 133.95 in case of success will increase the odds of an advance to 200% target of AB=CD.

On H1, a “Widening wedge” pattern is still actual. Bulls and bears didn’t choose a winner, but a successful test of resistance at 134 will mean the victory of the euro against the Japanese yen.

More:
https://fbs.com/analytics/articles/eur-jpy-no-one-wants-to-yield-5702

 

[riki143]

USD/JPY Daily Analytics
09:02 14.12.2017
Recommendation:

SELL 112

SL 112.55

TP 111

On the daily chart, the fact that USD/JPY left the short-term uptrend channel points at the seriousness of bears. If they manage to hold the USD below 113.00, the odds of a 5-0 pattern will increase.

On H1, the senior “Shark” pattern is transforming into 5-0. Bears managed to return the pair below important levels of 113.25 and 112.80. They want to trigger the junior pattern with a target of 88.6%.

More:
https://fbs.com/analytics/articles/usd-jpy-bears-make-decisive-steps-5703

 

[riki143]

EUR/USD Daily ANalytics
11:31 14.12.2017

There's a "Triple Bottom", which has been confirmed, so all the Moving Averages have been broken. The main intraday target is the next support at 1.1814, which could be a departure point for an upward price movement towards the nearest resistance at 1.1884 - 1.1919.

Bulls faced with resistance at 1.1847, so the price is consolidating. In this case, bears are likely going to reach the closest support at 1.1814 in the short term. If a pullback from this level happens little later on, we should keep an eye on another resistance at 1.1871 - 1.1890 as the next bullish target.

More:
https://fbs.com/analytics/articles/eur-usd-triple-bottom-pattern-5707

 

[riki143]

GBP/USD DAily Analytics
11:36 14.12.2017

We've got a confirmed "Triple Bottom", so the price has broken all the Moving Averages. The main intraday target is the next support at 1.3408 - 1.3386. Meanwhile, if a pullback from this area happens, bulls will probably try to reach the nearest resistance at 1.3479 - 1.3519.

The pair faced resistance at 1.3454, so the price is consolidating. It's likely that the market is going to reach the closest support at 1.3408 - 1.3398. This area could be a departure point for an upward price movement in the direction of the next resistance at 1.3478.

More:
https://fbs.com/analytics/articles/gbp-usd-price-broken-all-moving-averages-5708

 

[riki143]

EUR/USD Daily Analytics
11:41 14.12.2017

There's a "Harami", which has been formed at the last local high. So, the market is likely going to test the nearest Moving Averages. If a pullback from these lines happens little later on, we should keep an eye on the upper "Window" as the next bullish target.

We've got a "Belt Hold", so the price is likely going to test the 89 Moving Average. This line could be a departure point for an upward price movement towards the nearest "Window".

More:
https://fbs.com/analytics/articles/eur-usd-belt-hold-pattern-5709