Market analysis and trade recommendations by FBS

[riki143]

How to defeat the fear in forex trading?

➡ https://goo.gl/fBsFLe

There are several trading fears everyone will most likely experience during their trading ascent to success. Read in this interesting and helpful blog form FBS the best ways to overcome them.

 

[riki143]

USD/CHF Daily Analytics
06:49 21.03.2018
Recommendation:

BUY 0.9520

SL 0.9465

TP1 0.9620 TP2 0.9720 TP3 0.9770

On the daily chart of USD/CHF, bulls managed to settle above an important level of 0.9510. This indicates their strength and allows to expect an advance to 88.6% target of the “Shark” pattern. To begin with, however, the pair needs to get out of the descending channel.

On H1, there’s a sustainable uptrend. Pullbacks to support at 0.9520 and 0.9480 should be used for buying with targets at 161.8% and 200% of AB=CD.

More:
https://goo.gl/irW7yv

 

[riki143]

GBP/USD Daily Analytics
07:31 21.03.2018
Recommendations:

BUY 1.4065

SL 1.401

TP1 1.4165 TP2 1.4225

On the daily chart of GBP/USD, there was a natural pullback after the pair reached the 88.6% target of the subsidiary “Shark” pattern. An inside bar was formed. A break of the resistance at 1.4065 will increase risks of the rally’s continuation to the 88.6% target of the parent “Shark” pattern.

On H1, the formation of the reversal “Three Indians” pattern endangered the implementation of “Wolfe Waves” and “Shark” patterns. To continue the uptrend, bulls need to break the resistance at 1.4065.

More:
https://goo.gl/urPabh

 

[riki143]

EUR/USD Daily Analytics
14:27 21.03.2018

There's a bullish "Harami", which has been confirmed, so the market is likely going to test the Moving Averages soon. If a pullback from these lines happens little later on, there'll be an opportunity to have another decline.

We've got a bearish "High Wave", so the pair is likely going to test the lower "Window" once again. A pullback from this level will be a departure point for an upward price movement towards the Moving Averages.

More:
https://goo.gl/ndmi4T

 

[riki143]

USD/JPY Daily Analytics
14:28 21.03.2018

There's a "Shooting Star" pattern, which has been formed on the 55 Moving Average, so we're likely going to have a local bearish correction. Nevertheless, bulls will probably try to test the 89 MA afterwards.

The price is consolidating along the Moving Averages. It's likely that bears are going to test the nearest support once again. If we have another pullback from this level, there'll be a moment to have an upward price movement in the direction of the upper "Window".

More:
https://goo.gl/2YPszj

 

[riki143]

GBP/USD: THE POUND DREW AN INSIDE BAR
07:31 21.03.2018

More:
https://goo.gl/zKyhLS

Recommendations:

BUY 1.4065

SL 1.401

TP1 1.4165 TP2 1.4225

On the daily chart of GBP/USD, there was a natural pullback after the pair reached the 88.6% target of the subsidiary “Shark” pattern. An inside bar was formed. A break of the resistance at 1.4065 will increase risks of the rally’s continuation to the 88.6% target of the parent “Shark” pattern.

On H1, the formation of the reversal “Three Indians” pattern endangered the implementation of “Wolfe Waves” and “Shark” patterns. To continue the uptrend, bulls need to break the resistance at 1.4065.

 

[riki143]

USD/CHF: FRANC IS LOSING GROUND
06:49 21.03.2018

More:
https://goo.gl/9EqUge

Recommendation:

BUY 0.9520

SL 0.9465

TP1 0.9620 TP2 0.9720 TP3 0.9770

On the daily chart of USD/CHF, bulls managed to settle above an important level of 0.9510. This indicates their strength and allows to expect an advance to 88.6% target of the “Shark” pattern. To begin with, however, the pair needs to get out of the descending channel.

On H1, there’s a sustainable uptrend. Pullbacks to support at 0.9520 and 0.9480 should be used for buying with targets at 161.8% and 200% of AB=CD.

 

[riki143]

Important Economic Events

The Federal Reserve is expected to raise interest rates at least three times this year. The firm economic growth and inflation in the United States give the central bank reasons to increase the interest rate this time.

If the Fed raises the rate, it will support the dollar that has been suffering for a long time. On the other hand, the absence of a rate hike will be a big disappointment and lead to a selloff in the USD.

The Fed’s decision will be known Today at 20:00 MT time.

Follow this event in the FBS economic Calendar https://goo.gl/ocsPGD

 

[riki143]

Trading Schedule Changes

https://goo.gl/MHhJBn

Important trading schedule changes due to Daylight Saving Time!
Check out the full schedule of changes and plan your trading accordingly.
FBS is always by your side.

 

[Andrea ForexMart]

March Fed Rate Hike Marks an Optimistic Outlook for 2018. Full story at:
https://goo.gl/b2M3WW
#economicnews #thinkbigtradeforex #forexmart

 

[riki143]

EUR/USD Daily Analytics
01:03 22.03.2018

The last "Double Bottom" led to the current upward price movement. It's likely to have a local bearish correction during the day. The main intraday target is the next resistance at 1.2383 - 1.2396.

More:
https://goo.gl/fFSZ5D

 

[riki143]

GBP/USD Daily Analytics
01:05 22.03.2018

The last bullish "Flag" pushed the price higher. It's likely that the pair is going to continue moving up in the direction of another resistance at 1.4144 - 1.4277.

Bulls faced with resistance at 1.4144, so the price is consolidating. The nearest support at 1.4087 - 1.4069 could be a departure point for an upward price movement.

More:
https://goo.gl/KhM7Ar

 

[riki143]

EUR/USD Daily Analytics
01:09 22.03.2018

The price has been rising since a "Harami" formed. There's no any reversal pattern, so the market is likely going to test the next resistance area.

There's a local bearish "Harami", which hasn't been confirmed yet. It's likely that the market is going to test the Moving Averages, which could be a departure point for another bullish rally.

More:
https://goo.gl/pchCjn

 

[riki143]

USD/JPY Daily Analytics
01:11 22.03.2018

There're bearish patterns such a "High Wave" and a "Shooting Star". In this case, the pair is likely going to decline towards the last low in the short term.

We've got a bullish "Harami", so there's an opportunity to have a local upward correction. Nevertheless, the market is likely going to continue declining afterwards.

More:
https://goo.gl/xmrYBo

 

[riki143]

EUR/JPY Daily Analytics
06:44 22.03.2018
Recommendation:

SELL 129.60 SL 130.05 TP1 128.60 TP2 127.60 TP3 126.00

BUY 132.15 SL 131.6 TP1 133.15 TP2 134.45 TP3 136.70

On the daily chart of EUR/JPY, a break of resistance at 132.25-132.50 will trigger the “Bat” pattern with a target at 88.6%. On the other hand, a slide to March minimum will allow bears to resume the decline towards 200% target of AB=CD.

On H1, a “Shark” is transforming into 5-0. A successful test of support at 129.60 will increase the risks of a further selloff. On the other hand, advance above resistance at 132.15 will create grounds for correction.

More:
https://goo.gl/eZ5YKx

 

[riki143]

USD/JPY Daily Analytics
07:06 22.03.2018
Recommendation:

SELL 105.35

SL 105.90

TP1 104.35 TP2 103.35 TP3 102.80

On the daily chart, the inability of bulls USD/JPY to bring the pair outside of the downtrend channel and keep them above 106.50 points at their weakness. To continue the decline towards 161.8% target of AB=CD, bears need a confident test of support at 105.35.

On H1, the transformation of the “Shark” into 5-0 allowed forming short positions. Triggering of AB=CD will allow bears to continue the decline towards 161.8%.

More:
https://goo.gl/u8nRXn

 

[riki143]

EUR/USD Daily Analytics
07:45 22.03.2018
Technical levels: support – 1.2300, 1.2350; resistance – 1.2400.

Trade recommendations:

Buy — 1.2360; SL — 1.2340; TP1 — 1.2400; TP2 — 1.2450
Reason: expanding bearish Ichimoku Cloud with rising Senkou Span A; a cancelled dead cross of Tenkan-sen and Kijun-sen with the rising lines; the market are returned into the positive area.

More:
https://goo.gl/dk5BWK

 

[riki143]

GBP/USD Daily Analytics
07:46 22.03.2018
Technical levels: support – 1.4140; resistance – 1.4200, 1.4250.

Trade recommendations:

Sell — 1.4200; SL — 1.4220; TP1 — 1.4140; TP2 — 1.4080.
Reason: bullish Ichimoku Cloud with rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with the rising lines; the market was supported by Kijun-sen, but now is overbought and it’s under strong resistance.

More:
https://goo.gl/YE7dyJ

 

[riki143]

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[riki143]

GBP/USD: POUND IS NEAR MAIN RESISTANCE
07:46 22.03.2018

Technical levels: support – 1.4140; resistance – 1.4200, 1.4250.

More: https://goo.gl/EtTejx

Trade recommendations:

Sell — 1.4200; SL — 1.4220; TP1 — 1.4140; TP2 — 1.4080.
Reason: bullish Ichimoku Cloud with rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with the rising lines; the market was supported by Kijun-sen, but now is overbought and it’s under strong resistance.