Market analysis and trade recommendations by FBS

[riki143]

USD/JPY Daily Analytics
11:46 14.12.2017

There's an "Inverted Hammer", but confirmation of this pattern is a quite weak. So, we could have just a local upward correction in the short term. Nevertheless, bears are likely going to test the lower "Window" afterwards.

The last "High Wave" pattern is still unconfirmed. Therefore, the market is likely going to decline during the day. Anyway, bulls will probably try to test the Moving Averages little later on.

More:
https://fbs.com/analytics/articles/usd-jpy-high-wave-pattern-5710

 

[riki143]

EUR/USD Daily Analytics
06:15 15.12.2017
Recommendation:

SELL 1.1750

SL 1.1805

TP1 1.1640 TP2 1.1600 TP3 1.1550

On the daily chart, the inability of bulls to push the pair above resistance at 1.1821 points at their weakness. To continue decline towards 127.2% and 161.8% targets of a “Crab” bears need to lead the pair outside of the uptrend channel and conquer support at 1.1750.

On H1, a break of support at 1.1730-1.1750 will make EUR/USD go to 161.8% and 88.6% targets of the “Shark” and AB=CD.

More:
https://fbs.com/analytics/articles/eur-usd-euro-is-after-a-crab-5733

 

[riki143]

EUR/GBP Daily Analytics
06:32 15.12.2017
Recommendation:

BUY 0.8850

SL 0.8795

TP1 0.8975 TP2 0.9015 TP3 0.9075

On the daily chart, EUR/GBP keeps consolidating between 0.8740 and 0.9015. A condition needed for the uptrend’s resumption is for the pair to return inside an uptrend channel. On the other hand, if the pair renews December low, the odds of it going to 200% target of AB=CD will increase.

On H1, there are conditions for the formation of the “Head and shoulders”. Successful of resistance close to the neckline at 0.8840-0.8850 will open the way to the upside to bulls.

More:
https://fbs.com/analytics/articles/eur-gbp-bulls-don’t-lose-hope-5734

 

[riki143]

GBP/USD Daily Analytics
06:33 15.12.2017
Technical levels: support – 1.3420; resistance – 1.3470.

Trade recommendations:

Buy — 1.3420/30; SL — 1.3400; TP1 — 1.3470; TP2 — 1.3510.
Reason: expanding bullish Ichimoku Cloud, rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen, with rising Tenkan-sen; the prices are above the Cloud and on the support of Senkou Span A.

More:
https://fbs.com/analytics/articles/gbp-usd-pound-fixed-above-cloud-5735

 

[riki143]

AUD/USD Daily analytics
06:35 15.12.2017
Technical levels: support – 0.7630; resistance – 0.7680

Trade recommendations:

Sell — 0.7680; SL — 0.7700; TP1 — 0.7630; TP2 — 0.7590.
Reason: bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices are under strong resistance of 0.7680.

More:
https://fbs.com/analytics/articles/aud-usd-aussie-reached-main-resistance-5736

 

[riki143]

EUR/USD Daily Analytics
12:45 15.12.2017

Bulls faced with resistance at 1.1859, so there's a "Thorn" pattern. The main intraday target is the nearest support at 1.1728 - 1.1712. If a pullback from this area happens, we could have another upward price movement towards the next resistance at 1.1792 - 1.1814.

All the Moving Averages have been broken, so there's a "V-Bottom" pattern. It's likely that the market is going to reach the closest resistance at 1.1814 in the coming hours. Meanwhile, if we have a pullback from this level, bears will probably try to reach another support at 1.1756 - 1.1728.

More:
https://fbs.com/analytics/articles/eur-usd-all-moving-averages-broken-5740

 

[riki143]

GBP/USD Daily Analytics
12:48 15.12.2017

The 89 Moving Average has acted as support, so the price is rising. However, there's a "V-Top" pattern, so the market is likely going to decline towards the nearest support at 1.3386 - 1.3369. This area could be a departure point for another bullish price movement in the direction of the next resistance at 1.3454 - 1.3479.

The price is consolidating above the Moving Averages. The main intraday target is the closest resistance at 1.3479. If a pullback from this level happens, there'll be an opportunity to have a decline towards the nearest support at 1.3408 - 1.3398.

More:
https://fbs.com/analytics/articles/gbp-usd-v-top-pattern-5741

 

[riki143]

EUR/USD Daily Analytics
12:50 15.12.2017

We've got a bearish "Harami", which has been confirmed enough. However, there's an opportunity to have a local bullish correction in the short term. Nevertheless, bears are likely going to reach the next support afterwards.

There's a bullish "Harami", which has been formed at the local low. So, the pair is likely going to test the upper "Window" during the day. If a pullback from this level happens, we could have another decline.

More:
https://fbs.com/analytics/articles/eur-usd-bullish-harami-5743

 

[riki143]

EUR/USD Daily Analytics
13:13 27.12.2017

The price is consolidating near the 34 Moving Average. The main intraday target is the next support at 1.1833 - 1.1816. If a pullback from these levels arrives, we could have an upward price movement towards another resistance at 1.1901 - 1.1919.

There's a consolidation, which is taking place between the levels 1.1871 - 1.1890. It's likely that the pair is going to achieve the next support at 1.1833 - 1.1816. Meanwhile, if a pullback from this area happens, there'll be an opportunity to see a bullish price movement in the direction of the closest resistance at 1.1901 - 1.1941.

More:
https://fbs.com/analytics/articles/eur-usd--pair-going-to-reach-next-support-5952

 

[riki143]

GBP/USD Daily Analytics
13:15 27.12.2017

The price is still consolidating in a range of the triangle. The main intraday target is the next resistance at 1.3419 - 1.3445. This area could be a departure point for a decline towards the closest support at 1.3336 - 1.3319.

All the Moving Averages have been broken, so bulls are likely going to test the next resistance at 1.3419 - 1.3430. If we have a pullback from these levels, there'll be a moment to have a decline towards the closest support at 1.3369 - 1.3350.

More:
https://fbs.com/analytics/articles/gbp-usd-all-moving-averages-broken-5953

 

[riki143]

USD/JPY Daily Analytics
13:18 27.12.2017

There's a "Hammer" pattern, which has been formed on the 21 Moving Average. So, the market is likely going to test the upper "Window" in the coming hours.

The 55 Moving Average acted as support, so we've got a "Harami" pattern on this line. Therefore, there's an opportunity to have a new local high in the short term.

More:
https://fbs.com/analytics/articles/usd-jpy-hammer-pattern-5954

 

[riki143]

EUR/USD Daily Analytics
13:21 27.12.2017

There's still no any reversal pattern so far, cause all the last candles are bullish. Therefore, the price is likely going to test the next upward "Window".

The 34 Moving Average has acted as support, so we've got an "Engulfing" pattern on this line. In this case, the pair is likely going to continue moving up.

More:
https://fbs.com/analytics/articles/eur-usd-engulfing-pattern-5955

 

[riki143]

EUR/USD Daily Analytics
07:29 28.12.2017
Technical levels: support – 1.1900; resistance – 1.1960.

Trade recommendations:

Sell — 1.1950; SL — 1.1970; TP1 — 1.1900
Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising lines, but the market is on the 5W-highs and expected a correction.

More:
https://fbs.com/analytics/articles/eur-usd-euro-on-november-highs-5968

 

[riki143]

GBP/USD Daily Analytics
07:30 28.12.2017
Technical levels: support – 1.3400; resistance – 1.3460, 1.3510.

Trade recommendations:

Sell — 1.3450; SL — 1.3470; TP1 — 1.3400; TP2 — 1.3340.
Reason: bearish Ichimoku Cloud, horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, with horizontal lines; the prices are under strong resistance of 1.3460.

More:
https://fbs.com/analytics/articles/gbp-usd-pound-reached-3w-maximums-5969

 

[riki143]

USD/JPY Daily analytics
07:47 28.12.2017
Recommendation:

BUY 113.65

SL 113.10

TP1 114.65 TP2 115.3 TP3 116.2

On the daily chart, the inability of bulls to hold the pair above important support at 112.95-113 will point at their weakness. On the other hand, successful test of resistance at 113.70 will increase the odds of advance to 113% of the senior “Shark” pattern.

On H1, USD/JPY keeps forming a 5-0 pattern. A break of resistance at 113.65 will create grounds for the continuation of the rally. A decline below the diagonal support will increase the risks of triggering “Head and Shoulders” pattern.

More:
https://fbs.com/analytics/articles/usd-jpy-yen-is-making-a-choice-5971

 

[riki143]

USD/CHF Daily Analytics
07:54 28.12.2017
Recommendation:

BUY 0.9930

SL 0.9875

TP1 1.003 TP2 1.0145

On H1, bears prepare to pull USD/CHF below the diagonal support in the form of the uptrend’s lower border. To break the medium-term bullish trend the pair has to get beyond the triangle and then trigger the “Bat” pattern. On the other hand, a pullback from support will create grounds for a recovery to 200% target of AB=CD.

On H1, USD/CHF is consolidating within “Spike and ledge” and 5-0. A break of resistance at 0.9930 will increase the probability of the rally’s continuation.

More:
https://fbs.com/analytics/articles/usd-chf-franc-spent-a-lot-of-time-on-the-shelf-5972

 

[riki143]

EUR/USD Daily Analytics
11:14 28.12.2017

There's a consolidation, which is taking place above the 34 Moving Average. The main intraday target is the next resistance at 1.1975 - 1.2003. If a pullback from this area happens little later on, there'll be an opportunity to have a decline towards the nearest support at 1.1919 - 1.1901.

The price went through the resistance area at 1.1914 - 1.1941. However, it's likely to have a correction towards the nearest support at 1.1914. If a pullback from this level happens, we could have an upward price movement towards another resistance at 1.1975 - 1.2003.

More:
https://fbs.com/analytics/articles/eur-usd-consolidation-above-34-ma-5975

 

[riki143]

GBP/USD Daily Analytics
11:17 28.12.2017

The trend is still bullish. The main intraday target is the next resistance at 1.3465 - 1.3519. If a pullback from this level happens, there'll be an opportunity to have a decline in the direction of the closest support at 1.3445 - 1.3419.

The last "Triangle" has been broken, so the price is rising. At the same time, we could have a bearish correction towards the nearest support area at 1.3430, which could be a departure point for another bullish rally.

More:
https://fbs.com/analytics/articles/gbp-usd-main-trend-still-bullish-5976

 

[riki143]

EUR/USD Daily Analytics
11:21 28.12.2017

The upper "Window" is acting as resistance, so there's an opportunity to have a bearish correction towards the last "Three Methods" pattern. If a pullback from this area happens little later on, bulls are likely going to deliver a new local high.

There's a "High Wave" pattern, which is likely going to be confirmed soon. In this case, we could have a downward correction in the coming hours.

More:
https://fbs.com/analytics/articles/eur-usd-high-wave-pattern-5977

 

[riki143]

USD/JPY Daily Analytics
11:25 28.12.2017

We've got a bearish "Hammer" pattern, which hasn't been confirmed yet. Therefore, we should keep an eye on the 21 Moving Average as the next intraday target.

The lower "Window" acted as support, so there's a bullish "Harami" pattern. Under this circumstance, the 55 & 89 are likely going to act as resistance in the short term.

More:
https://fbs.com/analytics/articles/usd-jpy-window-acted-as-support-5978