Market analysis and trade recommendations by FBS

[riki143]

EUR/USD Daily Analytics
07:33 08.01.2018
Technical levels: support – 1.1980; resistance – 1.2060.

Trade recommendations:

Buy — 1.1980; SL — 1.1960; TP1 — 1.2060; TP2 – 1.2100.
Reason: expanding bullish Ichimoku Cloud, rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-se, but narrowing channel of Tenkan-Kijun; the market breakdown the support of Kijun and will test the Cloud’s support.

More:
https://fbs.com/analytics/articles/eur-usd-euro-will-return-to-cloud-6088

 

[riki143]

GBP/USD Daily Analytics
07:34 08.01.2018
Technical levels: support – 1.3530; resistance – 1.3590.

Trade recommendations:

Buy — 1.3530; SL — 1.3510; TP1 — 1.3590; TP2 — 1.3630.
Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; a cancelled dead cross of Tenkan-sen and Kijun-sen; the market on the support of Tenkan-sen and Kijun-sen, but it needs correction to Cloud.

More:
https://fbs.com/analytics/articles/gbp-usd-bulls-can’t-maintain-uptrend-6089

 

[riki143]

EUR/USD Daily Analytics
10:06 08.01.2018

Bulls faced with resistance at 1.2091, so the price is consolidating. Also, there's a "Double Top" pattern, which has been confirmed. So, the pair is likely going to test the nearest support area at 1.1939 - 1.1934. Meanwhile, if a pullback from these levels happens little later on, there'll be an opportunity to have an upward price movement towards the next resistance at 1.2080 - 1.2129.

The 89 Moving Average is acting as support, but the market is likely going to test the next support at 1.1941. If we have a pullback from this level, bulls will probably try to reach another resistance at 1.2059 - 1.2080.

More:
https://fbs.com/analytics/articles/eur-usd-price-going-to-test-next-support-6091

 

[riki143]

GBP/USD Daily Analytics
10:09 08.01.2018

The main trend is still bullish, but the price is consolidating near the 34 Moving Average. Also, there's a bearish "Flag", so the market is likely going to test the closest support at 1.3465. However, if a pullback from this level happens, we could have a bullish price movement towards the next resistance at 1.3595 - 1.3618.

We've got a bearish "Flag" on the one-hour chart. In this case, the pair is likely going to reach the nearest support at 1.3484 - 1.3465 in the coming hours. This area could be a departure point for an upward price movement in the direction of another resistance at 1.3595 - 1.3612.

More:
https://fbs.com/analytics/articles/gbp-usd-bearish-flag-pattern-6092

 

[riki143]

EUR/USD Daily Analytics
06:11 09.01.2018

There's a pullback from 3/8 MM Level, so wave [iii] might have been formed. Therefore, we could have wave [iv] in the short term inside a possible ending diagonal.

The price has been declining since a pullback from 6/8 MM Level happened. It seems like wave iv ended, so there's an opportunity to have bearish wave v of (a) pretty soon.

More:
https://fbs.com/analytics/articles/eur-usd-pullback-from-3-8-mm-level-6122

 

[riki143]

XAU/USD Daily Analytics
06:49 09.01.2018
Recommendation:

BUY $1323 SL $1308 TP1 $1353 TP2 $1380

SELL $1314 SL $1329 TP $1284 TP2 $1266 TP3 $1237

On the daily chart, bulls managed to return XAU/USD to the uptrend channel. After that the pair formed a “Shakeout-Fakeout” pattern. This increases the risks of the bullish trend’s resumption. To begin with, buyers need to conquer resistance at $1321 an ounce. Their inability to do it will point at their weakness.

On H1, XAU/USD formed a “Spike and ledge” on the base of 1-2-3.

More:
https://fbs.com/analytics/articles/xau-usd-bulls-got-carried-away-with-their-attack-6125

 

[riki143]

USD/CAD Daily Analytics
06:58 09.01.2018
Recommendation:

BUY 1.2445 SL 1.239 TP1 1.2545 TP2 1.267

SELL 1.2375 SL 1.242 TP1 1.2275 TP2 1.21

On the daily chart, USD/CAD bears managed to lead the pair outside of consolidation range of 1.2670-1.2895. This increases the risks of the downtrend’s resumption. In the short-term traders can use the inside bar.

On H1, USD/CAD after playing out the “Widening wedge”. The pair formed a short-term consolidation range at 1.2375-1.2445. It would be wise to use breakout strategies.

More:
https://fbs.com/analytics/articles/usd-cad-loonie-was-stopped-by-an-inside-bar-6126

 

[riki143]

AUD/USD Daily Analytics
07:24 09.01.2018
Technical levels: support – 0.7830; resistance – 0.7880

Trade recommendations:

Sell — 0.7880; SL — 0.7900; TP1 — 0.7830; TP2 — 0.7780.
Reason: bullish Ichimoku Cloud with horizontal Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, but the narrowing channel of Tenkan-Kijun; the market is under strong main resistance of 0.7880.

More:
https://fbs.com/analytics/articles/aud-usd-aussie-under-strong-resistance-6128

 

[riki143]

USD/JPY: DOLLAR RETURNED TO CLOUD
07:25 09.01.2018
Technical levels: support – 112.50; resistance – 113.00

Trade recommendations:

Buy — 113.10; SL — 112.90; TP1 — 113.80; TP2 — 114.50.
Sell — 112.60; SL — 112.80; TP1 — 112.00; TP2 — 111.00.
Reason: bearish Ichimoku Cloud with horizontal Senkou Span Aand B; a golden cross of Tenkan-sen and Kijun-sen, but narrowing channel of Tenkan-Kijun; the prices returned to support of the Cloud.

More:
https://fbs.com/analytics/articles/usd-jpy-dollar-returned-to-cloud-6129

 

[riki143]

GBP/USD Daily Analytics
00:02 10.01.2018

The main trend is still bullish, but the price is consolidating near the 34 Moving Average. It's likely that the market is going to test the nearest resistance at 1.3569 - 1.3505. This area could be a departure point for a decline in the direction of another support at 1.3519 - 1.3493.

The price is consolidating between the Moving Averages. The main intraday target is the nearest resistance at 1.3549 - 1.3569. However, if a pullback from this area forms little later on, there'll be a moment to have a downward price movement towards the next support at 1.3519 - 1.3493.

More:
https://fbs.com/analytics/articles/gbp-usd-main-trend-is-still-bullish-6142

 

[riki143]

EUR/USD Daily Analytics
00:05 10.01.2018

The price is testing the 55 Moving Average, which could act as support. If so, the market is likely going to reach the nearest resistance area at 1.1934 - 1.1938. Meanwhile, if a pullback from these levels happens little later on, there'll be an opportunity to have another decline towards the next support at 1.1884 - 1.1875.

Bears faced with support at 1.1941 - 1.1914, so the price is consolidating. The main intraday target is the 34 Moving Average. If we have a pullback from this line, bears are likely going to reach the closest support at 1.1890 - 1.1871.

More:
https://fbs.com/analytics/articles/eur-usd-price-testing-55-moving-average-6141

 

[riki143]

USD/JPY Daily Aalytics
00:07 10.01.2018

There's a "High Wave" on the lower "Window", but this pattern hasn't been confirmed yet. In this case, the market is likely going to test the nearest Moving Averages in the coming hours.

The last bullish "Harami" pattern has been confirmed, so bulls are likely going to test the upper "Window" and all the Moving Averages in the short term. If a pullback from these levels arrives afterwards, there'll be an opportunity to have another decline.

More:
https://fbs.com/analytics/articles/usd-jpy-high-wave-on-lower-window-6143

 

[riki143]

EURUSD Daily Analytics
00:10 10.01.2018

There's a "Doji", which has been formed on the 55 Moving Average. However, confirmation of this pattern is a quite weak, so we're likely going to have a local correction towards the nearest resistance, which could be a departure point for another decline.

We've got an "Inverted Hammer" and a "Tweezers" patterns, so the market is likely going to test the 89 Moving Average. If this line acts as resistance, bears will probably try to deliver a new local low.

More:
https://fbs.com/analytics/articles/eurusd-doji-on-the-55-moving-average-6144

 

[riki143]

EURUSD Daily Analytics
06:31 10.01.2018

The current decline could be wave [iv] inside a possible ending diagonal pattern. If correct, we're likely going to have wave [v] of 5 in the short term.

It seems like a bearish impulse in wave (a) ended, so there's an opportunity to have wave (b) in the coming hours. Nevertheless, bears are likely going to deliver wave (c) of [iv] little later on.

More:
https://fbs.com/analytics/articles/eurusd-bearish-impulse-in-wave-a-ended-6148

 

[riki143]

USD/CHF Daily Analytics
07:00 10.01.2018
Recommendation:

BUY 0.9915

SL 0.986

TP 1.0015 TP2 1.0045 TP3 1.026

On the daily chart, USD/CHF bears failed to form a “Triangle” pattern and return the pair inside the long-term downtrend. If bulls manage to move the pair towards resistance at 0.9915 and conquer it, the risks of reaching 161.8% of the AB=CD pattern will increase.

On H1, the return of USD/CHF to the previous consolidation range of 0.9840-0.9915 and formation of the patterns “Crab” and “Shakeout-Fakeout” means that bulls have the initiative.

More:
https://fbs.com/analytics/articles/usd-chf-bulls-counterattack-6151

 

[riki143]

EUR/USD Daily Analytics
07:14 10.01.2018
Technical levels: support – 1.1900; resistance – 1.2000.

Trade recommendations:

Buy — 1.1900; SL — 1.1880; TP1 — 1.2000; TP2 – 1.2060.
Reason: narrowing bullish Ichimoku Cloud, falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen; the prices are on the strong support of Senkou Span B.

More:
https://fbs.com/analytics/articles/eur-usd-euro-is-on-main-support-6152

More:
https://fbs.com/analytics/articles/eur-usd-euro-is-on-main-support-6152

 

[riki143]

USD/JPY Daily Analytics
07:15 10.01.2018
Technical levels: support – 112.00; resistance – 112.50

Trade recommendations:

Sell — 112.30; SL — 112.50; TP1 — 111.00; TP2 — 110.50.
Reason: bearish Ichimoku Cloud with falling Senkou Span A and B; a new dead cross of Tenkan-sen and Kijun-sen with falling lines; the prices returned into a negative area under the Cloud.

More:
https://fbs.com/analytics/articles/usd-jpy-dollar-went-into-negative-area-6153

 

[riki143]

GBP/USD Daily Analytics
07:16 10.01.2018
Recommendations:

BUY 1.3580 SL 1.3525 TP1 1.368 TP2 1.381

SELL 1.3510 SL 1.3565 TP1 1.341 TP2 1.332

On the daily chart, there’s a short-term consolidation of GBP/USD in the 1.3490-1.3580 range. Bears are trying to return the pair inside the descending trend channel. Bulls count on continuation towards 127.2% target of AB=CD.

On H1, there’s a “Spike and ledge” pattern. The borders of the ledge are close to 1.3510 and 1.3580. A successful test of the upper level will lead to the uptrend’s resumption. A break of the lower border will increase the risks of a pullback.

More:
https://fbs.com/analytics/articles/gbp-usd-pound-is-on-the-shelf-6154

 

[riki143]

GBP/USD Daily Analytics
07:29 11.01.2018
Technical levels: support – 1.3460; resistance – 1.3530.

Trade recommendations:

Buy — 1.3460; SL — 1.3420; TP1 — 1.3530; TP2 — 1.3580.
Reason: narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen; the market entered into cloudy area and will test the support of Senkou Span B.

More:
https://fbs.com/analytics/articles/gbp-usd-pound-will-test-ssb’s-support-6173

 

[riki143]

AUD/USD Daily Analytics
07:30 11.01.2018
Technical levels: support – 0.7840; resistance – 0.7900

Trade recommendations:

Buy — 0.7840/50; SL — 0.7820; TP1 — 0.7900.
Sell — 0.7900; SL — 0.7920; TP1 — 0.7800; TP2 — 0.7760.
Reason: bullish Ichimoku Cloud with horizontal Senkou Span A and rising Senkou Span B; a cancelled dead cross of Tenkan-sen and Kijun-sen and horizontal lines; the market is under strong resistance of 0.7900.

More:
https://fbs.com/analytics/articles/aud-usd-aussie-is-on-new-highs-6174