Market analysis and trade recommendations by FBS

[riki143]

SELL AUD/JPY Daily Analytics
13:21 26.03.2018

According to the NAB Research, the AUD/JPY pair will break support levels displaying the strong yen and the weak Australian dollar. The break below the psychological level at 80.0 will bring the AUD/JPY pair to the September low of 75.9.

Be careful as the yen is going to strengthen against other currencies as well. We can expect USD/JPY to move down in the coming months too.

More:
https://goo.gl/p4SbFC

 

[riki143]

EUR/USD Daily Analytics
13:24 26.03.2018

There's still no any reversal pattern so far because all the last candles are bullish. In this case, the market is likely going to test the nearest resistance area, which could be a departure point for a bearish correction.

We've got a bullish "Three Methods" pattern, which pushed the price higher. Therefore, the pair is likely going to reach the upper "Window" in the coming hours.

More:
https://goo.gl/efdLaC

 

[riki143]

EUR/USD Daily analytics
13:24 26.03.2018

There's still no any reversal pattern so far because all the last candles are bullish. In this case, the market is likely going to test the nearest resistance area, which could be a departure point for a bearish correction.

We've got a bullish "Three Methods" pattern, which pushed the price higher. Therefore, the pair is likely going to reach the upper "Window" in the coming hours.

More:
https://goo.gl/efdLaC

 

[riki143]

USD/JPY Daily Analytics
13:29 26.03.2018

There's a "Piercing Line", which has been formed at the last local low. So, we should keep an eye on the Moving Averages as an intraday bullish target.

We've got an "Inverted Hammer", which has been confirmed by the last "Three Methods" pattern. So, bulls are likely going to test the Moving Averages. If a pullback from these lines happens little later on, there'll be a moment for another decline

More:
https://goo.gl/HcnM9h

 

[riki143]

USD/JPY: "INVERTED HAMMER" PATTERN
13:29 26.03.2018

More:
https://goo.gl/UfHkNK

There's a "Piercing Line", which has been formed at the last local low. So, we should keep an eye on the Moving Averages as an intraday bullish target.

We've got an "Inverted Hammer", which has been confirmed by the last "Three Methods" pattern. So, bulls are likely going to test the Moving Averages. If a pullback from these lines happens little later on, there'll be a moment for another decline.

 

[riki143]

WEEKLY FOREX OUTLOOK: MAR. 26-30
11:29 26.03.2018

More:
https://goo.gl/2C7xq7


US President Donald Trump signed a presidential memorandum that will target up to $60 billion of Chinese products with tariffs. If China comes up with countermeasures, trade tensions will escalate further.

Concerns about trade wars have overshadowed central bank policy. The Federal Reserve raised the federal funds rate to 1.75% and signaled a relatively upbeat outlook for the economy. This is exactly the outcome the market was expecting, and the US dollar didn’t get any strength from the event.

The US dollar index declined and looks vulnerable for 2018 lows in the 89.20 area.

In the current uncertain environment, traders prefer low-risk assets like the Japanese yen, especially in pairs like AUD/JPY and NZD/JPY. As for USD/JPY, if it settles below the key level of 105.00, we’ll see a deeper decline.

GBP/USD rose to the highest levels since January above 1.4200. The pound went up as the European Union and Britain agreed on a Brexit transition deal and the UK released strong wage growth figures. Two members of the Bank of England unexpectedly voted for a rate hike. However, traders focused on the idea that rates will rise only very slowly, so the pound retreated down by the end of the week. Traders continue to expect a rate hike in May, so the meeting didn’t really bring any surprises.

The 200-week MA creates resistance near 1.43. GBP/USD may retrace down to 1.3930 and 1.38.

EUR/USD continued consolidation between 1.24 and 1.22. Long-term uptrend remains in place, although the pair has lost its bullish momentum. European PMIs came below expectations. As a result, we expect the euro to continue trading close to the current levels.

Economic calendar

The economic calendar for the upcoming days is very light. Friday will be a bank holiday in many countries because of approaching Easter. The few important releases include US consumer confidence on Tuesday, American GDP on Wednesday and British current account together with Canadian GDP and US core PCE price index on Thursday.

 

[riki143]

FBS Video Lessons

In this video Tutorial LESSON 15. PRINCIPLES OF TECHNICAL ANALYSIS.
There are 2 types of Forex market analysis: technical and fundamental. Technical analysis relies solely on the price chart. It shows what is happening in the market now and what was happening there earlier. In this video, you will learn more about it
https://goo.gl/pC4Wdk

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

 

[riki143]

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The new upgraded Lot of Apples from FBS is here!
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[riki143]

XAU/USD Daily Analytics
06:44 27.03.2018
Recommendations:

BUY 1365 SL 1350 TP1 1395 TP2 1410 TP3 1425

BUY 1340 SL 1325 TP1 1380 TP2 1395 TP3 1410

On the daily chart of XAU/USD, the inability of bears to pull the pair below the support at 1302-1308 points at their weakness. Bulls managed to lead gold outside of the consolidation range of 1308-1340. This increases the odds of an advance towards 113% and 127.2% targets of the “Shark” and AB=CD.

On H1, XAU/USD formed a “Crab”. Advance above resistances at 1361 and 1365 will open the way up to 161.8%.

More:
https://goo.gl/osCQK9

 

[riki143]

AUD/USD Daily Analytics
06:48 27.03.2018
Technical levels: support – 0.7730; resistance – 0.7750, 0.7780

Trade recommendations:

Sell — 0.7730; SL — 0.7750; TP1 — 0.7610; TP2 — 0.7580.
Reason: bearish Ichimoku Cloud with horizontal Senkou Span A and B; a new dead cross of Tenkan-sen and Kijun-sen under the Cloud, but with the lines are horizontal; the prices in a correction movement to the Cloud and can be stopped by Cloud’s resistance.

More:
https://goo.gl/Lbm9Lq

 

[riki143]

USD/JPY Daily Analytics
06:49 27.03.2018
Technical levels: support – 105.00, 104.30; resistance – 105.60.

Trade recommendations:

Sell — 105.50; SL — 105.70; TP1 — 105.00; TP2 — 104.30.
Reason: bearish Ichimoku Cloud with horizontal Senkou Span A and B; a strong dead cross of Tenkan-sen and Kijun-sen; a market was oversold and corrected to Kijun-sen – the downtrend may continue soon.

More:
https://goo.gl/g4V7NP

 

[riki143]

USD/CAD Daily Analytics
06:56 27.03.2018
Recommendation:

SELL 1.2805

SL 1.286

TP1 1.269 TP2 1.2585 TP3 1.243

On the daily chart of USD/CAD, the pair pulled back after reaching 127.2% target of AB=CD. Bulls failed to keep the pair above the important area of 1.2914-1.2922. This points at their weakness. Triggering of the “Shark” pattern will increase the risks of correction towards 1.2685, 1.2580, 1.2430 and 1.2345.

On H1, a break of support at 1.2805 will trigger the “Shark” and AB=CD. Their targets of 113% and 224% are at 1.2585 and 1.269.

More:
https://goo.gl/pK3rnV

 

[riki143]

EUR/USD Daily Anlytics
08:48 27.03.2018

The main trend is still bullish, but there's an opportunity to have a bearish correction in the short term. So, we should keep an eye on the nearest support at 1.2412 - 1.2387 as an intraday target.

There's a "V-Top" pattern, so the pair is likely going to test the closest support at 1.2412 in the coming hours. If a pullback from this level happens little later on, there'll be a moment to have another upward price movement.

More:
https://goo.gl/j3u5KZ

 

[riki143]

GBP/USD Daily Analytics
08:49 27.03.2018

There's a "Double Top" pattern, so the market is likely going to test the nearest support at 1.4144. However, if we see a pullback from this line afterwards, bulls will probably try to reach the next resistance at 1.4277 - 1.4344.

There're two "V-Top" patterns in a row. So, the pair is likely going to achieve the 55 Moving Average, which could be a starting point for another bullish price movement.

More:
https://goo.gl/3dQHtF

 

[riki143]

GBP/USD: "DOUBLE TOP" PATTERN
08:49 27.03.2018

More:
https://goo.gl/fvwpoR

There's a "Double Top" pattern, so the market is likely going to test the nearest support at 1.4144. However, if we see a pullback from this line afterwards, bulls will probably try to reach the next resistance at 1.4277 - 1.4344.

There're two "V-Top" patterns in a row. So, the pair is likely going to achieve the 55 Moving Average, which could be a starting point for another bullish price movement.

 

[riki143]

EUR/USD: "V-TOP" PATTERN
08:48 27.03.2018

More:
https://goo.gl/EzfV8S

The main trend is still bullish, but there's an opportunity to have a bearish correction in the short term. So, we should keep an eye on the nearest support at 1.2412 - 1.2387 as an intraday target.

There's a "V-Top" pattern, so the pair is likely going to test the closest support at 1.2412 in the coming hours. If a pullback from this level happens little later on, there'll be a moment to have another upward price movement.

 

[riki143]

TRADING STRATEGY: Three wise men and the alligator.
This strategy combines a couple of indicators with candlestick pattern to identify reversals. Learn the details in this article https://goo.gl/Y5kgk9

 

[riki143]

Why people think Forex is a scam?

➡ https://goo.gl/z5JbF2
According to the Bank for International Settlements, trading in foreign exchange markets averaged $5.1 trillion per day in April 2016.
The fact that some people cannot make money through Forex trading doesn’t mean Forex is a scam, Learn more why in this interesting blog from FBS ⬇

 

[riki143]

EUR/USD Daily Analytics
07:00 28.03.2018
Technical levels: support – 1.2380; resistance – 1.2450, 1.2520.

Trade recommendations:

Buy — 1.2400; SL — 1.2380; TP1 — 1.2450; TP2 — 1.2520
Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with the rising Tenkan-sen; the prices are corrected to Kijun-sen and on the support of the line.

More:
https://goo.gl/eVdYgJ

 

[riki143]

GBP/USD Daily Analytics
07:02 28.03.2018
Technical levels: support – 1.4150; resistance – 1.4200, 1.4250.

Trade recommendations:

Buy — 1.4160/70; SL — 1.4150; TP1 — 1.4250; TP2 — 1.4290.
Reason: bullish Ichimoku Cloud, but the lines Senkou Span A and B are horizontal; a golden cross of Tenkan-sen and Kijun-sen was cancelled, but the prices above the strong support of the lines.

More:
https://goo.gl/aEj5ps