Market analysis and trade recommendations by FBS

[riki143]

FBS Video Lessons

In this video Tutorial about the SPREAD. BID AND ASK PRICE.
The price we pay to buy the pair is called Ask. It is always slightly above the market price. The price, at which we sell the pair on Forex, is called Bid. It is always slightly below the market price.
The difference between these two prices is called spread.

Learn more
https://goo.gl/a6PZnD

Do not forget to chose your language from the video's subtitles

 

[riki143]

Who is real forex guru & where to find him?

Forex world is full of people calling themselves Financial Guru. But how do you distinguish real ones from scammers? Find out in our guide

https://goo.gl/BVw7WF

 

[riki143]

EUR/USD Daily Analytics
05:45 06.02.2018
Technical levels: support – 1.2260; resistance – 1.2400.

Trade recommendations:

Buy — 1.2400; SL — 1.2420; TP1 — 1.2260; TP2 — 1.2220
Reason: bullish Ichimoku Cloud, but falling Senkou Span A; a cancelled golden cross of Tenkan-sen and Kijun-sen with falling lines; the prices are entered inside a Cloud and may going to Senkou Span B’s support.

More:
https://fbs.com/analytics/articles/...ampaign=EN_English&utm_content=Riki_Analytics

 

[riki143]

GBP/USD Daily Analytics
05:46 06.02.2018
Technical levels: support – 1.3900/20; resistance – 1.4100.

Trade recommendations:

Buy — 1.3900/20; SL — 1.3880; TP1 — 1.4050; TP2 — 1.4100.
Reason: bullish Ichimoku Cloud with falling Senkou Span A; a new dead cross of Tenkan-sen and Kijun-sen, but the narrow channel Tenkan-Kijun; the prices are falling down to Senkou Span B’s support.

More:
https://fbs.com/analytics/articles/...ampaign=EN_English&utm_content=Riki_Analytics

 

[riki143]

XAU/USD Daily analytics
07:08 06.02.2018
Recommendation:

SELL $1328

SL $1343

TP $1306 TP2 $1272 TP3 $1244

On the daily chart of XAU/USD, bulls managed to defend support at $1324-1328 an ounce. If bears succeed in another attempt to pulls the prices below this level, the risks of a pullback to $1306 and lower will increase. To continue rally towards 127.2% target of AB=CD, gold would need to rise above January high.

On H1, a break of the upper border of an uptrend will increase the odds of the pair going to 88.6% target of the “Shark” pattern. A pullback, on the other hand, will create grounds for the formation of the “Head and Shoulders”.

More:
https://fbs.com/analytics/articles/...ampaign=EN_English&utm_content=Riki_Analytics

 

[riki143]

USD/CAD Daily Analytics
07:30 06.02.2018
Recommendation:

BUY 1.2510

SL 1.2455

TP1 1.261 TP2 1.272 TP3 1.285

On the daily chart, USD/CAD bulls managed to rise above the upper border of the uptrend channel. As a result, the odds of an inverted “Shark” pattern with target at 88.6% have substantially increased.

On H1, the probability of USD/CAD pulling back to support levels at 1.2485-1.2510 and 1.2390-1.2410 increased after the pair reached 113% target of the junior “Shark” pattern. If USD/CAD renews February high, this will create grounds for going to 88.6% target of the senior “Shark” pattern.

More:
https://fbs.com/analytics/articles/...ampaign=EN_English&utm_content=Riki_Analytics

 

[riki143]

BITCOIN Daily Analytics
08:14 06.02.2018
The price of the world’s main cryptocurrency keeps falling. BTC/USD fell from the $11,600 area where it traded at the end of January to the vicinity of $6,000 on Tuesday, February 6.

Bitcoin is in a firm downtrend. The double top formed on the chart in December and January, suggests that decline may stretch as low as to $4,300. Daily and weekly MACD indicators signal further downside. In addition, BTC/USD broke yesterday below the 200-day moving average for the first time in more than two years. This line will now act as resistance at $7,900. Bitcoin also went below the trend line connecting the lows of January 17 and February 2 (it’s located in about the same area as the 200-day MA). BTC/USD has to return at least above this area to give bulla a chance to reverse the satiation.

It’s clear that the cryptocurrency market is in desperate need of new monetary inflows. Yet, for now the sentiment seems to be negative. Bitcoin market capitalization declined from $294 billion on January 7 to $139 billion on February 5.

Why is Bitcoin falling?

Bitcoin’s price is affected by negative news flow. Fears of regulatory prohibitions led to the decline in Asian trading volumes. According to local media, China will reportedly block anyone in the country from accessing websites that offer cryptocurrency trading services or initial coin offerings (ICOs).

Bloomberg reported that the heads of CFTC and the SEC will ask the Congress to consider federal oversight for digital-currency trading platforms.

Many major commercial banks announced that they would ban the use of their credit cards to buy Bitcoin and other cryptocurrencies. These banks include JPMorgan Chase, Bank of America, and Citigroup in the United States and Lloyds bank in the United Kingdom.

The market’s risk sentiment in general suffered this weak as world stocks experienced big selloffs.

More:
https://fbs.com/analytics/articles/...ampaign=EN_English&utm_content=Riki_Analytics

 

[riki143]

EUR/USD Daily analytics
10:57 06.02.2018

The trend is still bullish, but the price is consolidating. The main intraday target is the next resistance at 1.2456 - 1.2500. If a pullback from this area happens little later on, there'll be an opportunity to have a decline towards the nearest support at 1.2334 - 1.2294.

The Moving Averages have acted as resistance, so there's a "V-Top" pattern. In this case, the pair is likely going to reach the closest support at 1.2384 - 1.2363 in the short term. Meanwhile, if we see a pullback from these levels, bulls will probably try to test the next resistance at 1.2482 - 1.2456.

More:
https://fbs.com/analytics/articles/...ampaign=EN_English&utm_content=Riki_Analytics

 

[riki143]

GBP/USD: "DOUBLE TOP" PATTERN
10:59 06.02.2018

There's a "Double Top" pattern, which has been confirmed. The main intraday target is the nearest resistance at 1.4082 - 1.4129. These levels could be a departure point for a decline towards the next support at 1.3895 - 1.3834.

Bears faced with support at 1.3944, so the price is consolidating. In this case, bulls are likely going to test the 89 Moving Average in the coming hours. If we see a pullback from this line, there'll be a moment to have a decline towards the nearest support at 1.3944 - 1.3915.

More:
https://fbs.com/analytics/articles/...ampaign=EN_English&utm_content=Riki_Analytics

 

[riki143]

EUR/USD Daily Analytics
11:15 06.02.2018

The 34 Moving Average has acted as support, so there's a "Hammer" pattern, which has been confirmed. So, the market is likely going to test the nearest resistance area in the short term.

The 34 & 55 Moving Averages are acting as resistance. Also, there's a "Harami", but confirmation of this pattern isn't enough. So, we could have a local bearish correction and the following bullish price movement afterwards.

More:
https://fbs.com/analytics/articles/...ampaign=EN_English&utm_content=Riki_Analytics

 

[riki143]

XAU/USD: GOLD ROSE TOO HIGH
07:08 06.02.2018

Recommendation:

SELL $1328

SL $1343

TP $1306 TP2 $1272 TP3 $1244

On the daily chart of XAU/USD, bulls managed to defend support at $1324-1328 an ounce. If bears succeed in another attempt to pulls the prices below this level, the risks of a pullback to $1306 and lower will increase. To continue rally towards 127.2% target of AB=CD, gold would need to rise above January high.

On H1, a break of the upper border of an uptrend will increase the odds of the pair going to 88.6% target of the “Shark” pattern. A pullback, on the other hand, will create grounds for the formation of the “Head and Shoulders”.

More:
https://goo.gl/P6UZ1H

 

[riki143]

USD/CAD: BEARS ARE RUNNING AWAY
07:30 06.02.2018

Recommendation:

BUY 1.2510

SL 1.2455

TP1 1.261 TP2 1.272 TP3 1.285

On the daily chart, USD/CAD bulls managed to rise above the upper border of the uptrend channel. As a result, the odds of an inverted “Shark” pattern with target at 88.6% have substantially increased.

On H1, the probability of USD/CAD pulling back to support levels at 1.2485-1.2510 and 1.2390-1.2410 increased after the pair reached 113% target of the junior “Shark” pattern. If USD/CAD renews February high, this will create grounds for going to 88.6% target of the senior “Shark” pattern.

More:
https://goo.gl/cFj4jt

 

[riki143]

KEY FACTORS FOR TRADING EUR/USD


To understand which factors affect the EUR/USD, let’s start with a description of the currency pair.
The power of the pair is incredible. The US dollar is the most traded and widely held currency, the euro is the second most popular currency in the world. The EUR/USD covers two main economies: European and American, so it has more than half of the total trading volume in the world on the Forex market.

Learn all the Key Factors here https://goo.gl/iMd9UV

 

[riki143]

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Learn the terms and conditions ⬇
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We wish you good luck!

 

[riki143]

USD/JPY Daily Analytics
11:18 06.02.2018

The lower "Window" has acted as support once again, so we've got a "High Wave" pattern. So, we're likely going to have an upward correction soon. If a pullback from the Moving Averages happens little later on, we could have another decline.

There's a bearish "Engulfing", so the market is likely going to decline during the day. Nevertheless, bulls will probably try to test the Moving Averages afterwards.

More:
https://fbs.com/analytics/articles/...ampaign=EN_English&utm_content=Riki_Analytics

 

[riki143]

NZD/CAD Daily Analytics
14:34 06.02.2018
NZD/CAD reversed from the support area
Next buy target - 0.9200
NZD/CAD recently reversed up from the support area lying between the key support level 0.9030 (former resistance level from December) and the 38.2% Fibonacci correction of the previous sharp upward impulse 1 from the middle of November. NZD/CAD is expected to rise further toward the next buy target at the next resistance level 0.9200 (former strong support level from July and the top of the earlier impulse wave 1).

More:
https://fbs.com/analytics/articles/...ampaign=EN_English&utm_content=Riki_Analytics

 

[riki143]

AUD/NZD Daily Analytics
14:37 06.02.2018
AUD/NZD broke support zone
Next sell target - 1.0700
AUD/NZD recently broke through the support zone lying between the key support level 1.0860 (which has been steadily reversing the price from the end of September) and the 50% Fibonacci correction of the previous intermediate impulse wave (C) from June. This price zone is acting as resistance area after it was broken. AUD/NZD is expected to fall further to the next sell target at the next support level 1.0700.

More:
https://fbs.com/analytics/articles/...ampaign=EN_English&utm_content=Riki_Analytics

 

[riki143]

EUR/USD Daily Analytics
06:42 07.02.2018
The 55 Moving Average has acted as support, so there's a "Harami" pattern. So, the market is likely going to test the nearest resistance area.

We've got a bullish "Hammer", which has been formed on the 89 Moving Average. Therefore, the pair is likely going to test the upper "Window".

More:
https://fbs.com/analytics/articles/...ampaign=EN_English&utm_content=Riki_Analytics

 

[riki143]

USD/JPY Daily Analytics
06:49 07.02.2018
The price reached the 34 MA, but there isn't any reversal pattern so far. Therefore, bulls are likely going to test the next upper "Window".

There's a bullish "High Wave", which has been confirmed. In this case, the market is likely going to continue moving up in the short term.

More:
https://fbs.com/analytics/articles/...ampaign=EN_English&utm_content=Riki_Analytics

 

[riki143]

EUR/USD Daily Analytics
06:54 07.02.2018
The trend is still bullish, but the price is consolidating. Also, there's a "Double Top" pattern, which has been confirmed, so the pair tested the 55 Moving Average. The main intraday target is the nearest resistance at 1.2456. If a pullback from this level happens, there'll be an opportunity to have a decline towards the next support at 1.2334 - 1.2294.

All the Moving Averages acted as resistance, so there's a "V-Top" pattern. Therefore, the pair is likely going to test the closest support area at 1.2350 - 1.2334. Meanwhile, if we see a pullback from these levels, there'll be a moment to have another upward price movement.

More:
https://fbs.com/analytics/articles/...ampaign=EN_English&utm_content=Riki_Analytics