Market news and trade recommendations by FBS

riki143

Master Trader
Dec 18, 2013
6,699
4
79
AUD/USD: AUSSIE GOING HIGHER
14:26 18.07.2017
Technical levels: support – 0.7820, 0.7850; resistance – 0.7990.

Trade recommendations:

Sell — 0.7990; SL — 0.7810; TP1 — 0.7910; TP2 — 0.7850.
Reason: bullish Ichimoku Cloud with extremely rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with rising lines; the prices are on the new 2Y-highs, but under the strong daily resistance.

1500377122-42a68b4bfa2f0515dfbaa054e9dbae66_1200x1200_q90.png


More:
https://fbs.com/analytics/articles/aud_usd:_aussie_going_higher_2296
 

riki143

Master Trader
Dec 18, 2013
6,699
4
79
EUR/USD: BULLISH "THREE METHODS" PATTERN
15:07 18.07.2017

1500379568-3f04a816460c3e225f49694547573c34_1200x1200_q90.png


There's a bullish "Engulfing" pattern, which has been confirmed, so the price reached the nearest resistance level. However, we don't have any reversal pattern so far, which means bulls are likely going to continue pushing the price higher.

1500379568-f15db36fcdc324005488f54b724db376_1200x1200_q90.png


We've got a bullish "Three Methods" pattern, so the price is rising. At the same time, there's an opportunity to have a local decline towards the nearest support. If we see a pullback from this level, bulls will be free to move on.

More:
https://fbs.com/analytics/articles/eur_usd%3a_bullish_%22three_methods%22_pattern_2297
 

riki143

Master Trader
Dec 18, 2013
6,699
4
79
USD/JPY: "WINDOW" ACTED AS RESISTANCE
15:09 18.07.2017

1500379569-46287a23cb3ea6f20a26067b56239e29_1200x1200_q90.png


Bears have broken the "Window", so the price is declining. The 144 Moving Average is acting as support. There isn't any reversal pattern so far. Therefore, the market is likely going to continue falling down in the short term.

1500379569-702c21506a93ce64c713f54f1f6cb59e_1200x1200_q90.png


The broken "Window" acted as resistance, so there's a "Shooting Star" pattern, which has been confirmed. In this case, the pair is likely going to reach the nearest support area. If any bullish pattern arrives afterwards, there'll be an opportunity to have an upward correction

More:
https://fbs.com/analytics/articles/usd_jpy:_"window"_acted_as_resistance_2298
 

riki143

Master Trader
Dec 18, 2013
6,699
4
79
GBP/USD REMEMBERED THE TRIANGLE
10:06 19.07.2017

Recommendation:

SELL 1.3000, SL 1.3055, TP 1.2900

BUY 1.3125 SL 1.3070 TP1 1.3300 TP2 1.3500

On the daily chart, bears are trying to return GBP/USD inside the rising triangle. If they succeed, the possibility of the medium-term consolidation in the 1.2600-1.3000 will increase. On the contrary, rebound from the current support will increase the risks of continuation to the upside, towards 200% target of AB=CD.

1500447919-b6b56ed02b1869ac79ae2067aff9ca74_1200x1200_q90.png


On H1, decline below 1.3000 will create the basis for correction to 1.2920 and 1.2900. For the uptrend to resume, the pair has to rise to July high

1500447939-2cf183d9aa99dd882e50bd88c66a58cb_1200x1200_q90.png


More:
https://fbs.com/analytics/articles/gbp_usd_remembered_the_triangle_2312
 

riki143

Master Trader
Dec 18, 2013
6,699
4
79
NZD/USD: BULLS SHOWED STRENGTH
10:20 19.07.2017

Recommendations:

BUY 0.7370, SL 0.7315, TP1 0.7450, TP2 0.7470

BUY 0.7290, SL 0.7235, TP 0.7450

On the daily chart, inability of bears to lead NZD/USD outside of the bullish trend channel points at their weakness. The condition required for continuation of the rally to 0.7450 (113% target of the “Shark” pattern) is the settlement of the New Zealand’s dollar above support at 0.7345 with the following increase to July high.

1500448782-fb9be1d9d65d6402746f6573306cf53b_1200x1200_q90.png


On H1, NZD/USD managed to return to the uptrend. As long as the pair is trading above 0.7210, the outlook will remain bullish.

1500448798-3696dc2326705fd45dfa7b732beb8b1e_1200x1200_q90.png


More:
https://fbs.com/analytics/articles/nzd_usd:_bulls_showed_strength_2314
 

riki143

Master Trader
Dec 18, 2013
6,699
4
79
GBP/USD: POUND SUPPORTED BY KIJUN-SEN
10:23 19.07.2017

Technical levels: support – 1.3030; resistance – 1.3090, 1.3150.

Trade recommendations:

Buy — 1.3030/40; SL — 1.3010; TP1 — 1.3090; TP2 — 1.3150.
Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, rising Kijun-sen; the prices are in the channel of Tenkan-Kijun and supported by Kijun-sen.

1500448992-5838ef800660551113de2aff99712827_1200x1200_q90.png


More:
https://fbs.com/analytics/articles/gbp_usd:_pound_supported_by_kijun_sen_2315
 

riki143

Master Trader
Dec 18, 2013
6,699
4
79
USD/JPY: DOLLAR TESTED SSB’S SUPPORT
10:24 19.07.2017

Technical levels: support – 111.70/80; resistance – 112.60, 113.00.

Trade recommendations:

Buy — 112.10; SL — 111.90; TP1 — 113.00; TP2 — 113.30.
Reason: narrow bearish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen and the lines are horizontal; the market is in a correction, tested the strong support of Senkou Span B.

1500448992-3dcc4d3b0e9d38341d309e86e7227f36_1200x1200_q90.png


More:
https://fbs.com/analytics/articles/usd_jpy:_dollar_tested_ssb’s_support_2317
 

riki143

Master Trader
Dec 18, 2013
6,699
4
79
EUR/USD: "V-TOP" PATTERN
11:11 19.07.2017

1500451823-ed2e62eebf2a1c0864bf42e16b1b4686_1200x1200_q90.png


Bulls faced resistance at 1.1560, so we've got a "V-Top" pattern, which led to the current decline. Therefore, the market is likely going to decline towards the nearest support at 1.1494. If a pullback from this level happens, we could have another upward price movement in the direction of the next resistance at 1.1582.

1500451823-2654ce2002f58816844e116dcdcb4388_1200x1200_q90.png


We've got a "V-Top" pattern, so the pair found support at 1.1529. In this case, the pair is likely going to reach the closest resistance at 1.1560. However, if we see a pullback from this level, bears will have a green light to achieve the 34 Moving Average.

More:
https://fbs.com/analytics/articles/eur_usd:_"v_top"_pattern_2319
 

riki143

Master Trader
Dec 18, 2013
6,699
4
79
GBP/USD: CONSOLIDATION ALONG 55 MA
11:15 19.07.2017

1500451823-62713d1eb8f607bc0dd255ae69088d8f_1200x1200_q90.png


There's a "Double Top" pattern, which has been confirmed. Therefore, the pair is likely going to test the nearest support at 1.2982 in the short term. If we have a pullback from this level, there'll be an opportunity to see the price even higher. So, we should keep in mind the next resistance at 1.3116 as an intraday target

1500451823-c1a49f7b9b74000d628495fc12bd779e_1200x1200_q90.png


The price is consolidating along the 55 Moving Average. It's likely that the market is going to reach the closest resistance at 1.3077 during the day. If a pullback from this level happens, we're likely going to have another decline towards the next support at 1.3006 - 1.2982.

More:
https://fbs.com/analytics/articles/gbp_usd:_consolidation_along_55_ma_2320
 

riki143

Master Trader
Dec 18, 2013
6,699
4
79
EUR/USD: PULLBACK FROM 7/8 MM LEVEL
13:36 19.07.2017

1500460556-b4550c48c35c9b05bc49d56464c6a807_1200x1200_q90.png


It seems like we've got a bullish impulse in wave C. Also, there's a triangle in wave [iv]. So, there's an opportunity to have wave in the short term. The main intraday target is 3/8 MM Level.

1500460556-df2931da9a3658b56e96104676f61e76_1200x1200_q90.png


There's a pullback from 7/8 MM Level, so wave [v] of C may have been ended. Moreover, we've got a bearish impulse in wave (i). It's likely that bulls are going to deliver wave (ii) soon, so we could have the next bearish wave (iii) during the day.

More:
https://fbs.com/analytics/articles/eur_usd:_pullback_from_7_8_mm_level_2327
 

riki143

Master Trader
Dec 18, 2013
6,699
4
79
EUR/USD: "TOWER" LED TO DECLINE
15:43 19.07.2017

1500468174-92adf44d5e637448dc804c9376f7724f_1200x1200_q90.png


There's a bearish "Shooting Star" pattern, which has been confirmed. Therefore, the market is likely going to test the nearest support level, which could be a departure point for another upward price movement.

1500468175-39f81db4f3d925ab50c480d82e396c74_1200x1200_q90.png


The last bearish "Tower" pattern led to the current decline. However, there's a bullish "Hammer", so we could have a local upward correction during the day. Meanwhile, bears are likely going to deliver a new local low later on.

More:
https://fbs.com/analytics/articles/eur_usd:_"tower"_led_to_decline_2330
 

riki143

Master Trader
Dec 18, 2013
6,699
4
79
USD/JPY: PRICE FIXATED UNDER "WINDOW"
15:46 19.07.2017

1500468174-c72e102c19ee879360c47f90918d2ee5_1200x1200_q90.png


There are a "Hammer" and a "Harami", but both patterns remain unconfirmed. The 144 Moving Average is acting as resistance. In this case, bears are likely going to continue pushing the price lower

1500468174-ead6f3c1aa45dee2598165a16d6bc757_1200x1200_q90.png


The pair has fixated under the "Window", so the price is consolidating. Therefore, the decline is likely going to be continued, but if any bullish pattern arrives afterwards there'll be an opportunity to have a correction.

More:
https://fbs.com/analytics/articles/usd_jpy:_price_fixated_under_"window"_2331
 

riki143

Master Trader
Dec 18, 2013
6,699
4
79
GOLD IS IN TROUBLE
10:02 20.07.2017

Recommendation:

SELL $1236

SL $1246

TP1 $1224 TP2 $1210

On the daily chart, gold is testing the neckline of the “Head and Shoulders” pattern. The break of the inside bar’s low and the following decline below the diagonal support will mean the return of power to bears. The condition necessary for the resumption of the downtrend is successful test of supports at $1230 and $1220 per ounce.

1500534008-3c3c5205e2350e553c87bfb24c322513_1200x1200_q90.png


On H1, the pattern “Spike and reversal with acceleration” is in place. The first of the two trend lines was broken. Bears need to pull the price below the support at $1236 to regain power.

1500534034-ccae822ec07d68fa61b1c2713a5824cc_1200x1200_q90.png


More:
https://fbs.com/analytics/articles/gold_is_in_trouble__2348
 

riki143

Master Trader
Dec 18, 2013
6,699
4
79
USD/JPY: BULLS PREPARE FOR AN ATTACK
10:12 20.07.2017

Recommendation:

BUY 112.33

SL 111.78

TP1 113.50, TP2 114.50, TP3 117.40

On the daily chart, bears are trying to keep the pair inside the long-term downward channel. Never the less, they will fail if bulls push USD/JPY above the diagonal resistance and settle above 112.10 (38.2% of the descending wave).

1500534628-92f823d5b14e030c4437cf48cd03758b_1200x1200_q90.png


On H1, the break above the upper border of the descending channel signaled that correction ended. Successful break above resistance at 112.33 will allow the pair to reach new bullish targets.

1500534647-7bc0ef0c918248806dd1292df20e5495_1200x1200_q90.png


More:
https://fbs.com/analytics/articles/usd_jpy:_bulls_prepare_for_an_attack_2349
 

riki143

Master Trader
Dec 18, 2013
6,699
4
79
EUR/USD: "V-TOP" PATTERN
10:46 20.07.2017

1500536683-6de095daae8e33a3d536e520f0fcf5c6_1200x1200_q90.png


There's a "V-Top" pattern, which pushed the price to support at 1.1494, so we've got a consolidation. However, bears are likely going to test the next support at 1.1464. If a pullback from this level happens, there'll be an opportunity to have another upward price movement in the direction of the nearest resistance at 1.1560 - 1.1582.

1500536683-1bd17cee2e56bf4395e0e862c6df79a6_1200x1200_q90.png


The 34 Moving Average has acted as support, so the price is consolidating. Meanwhile, the pair is likely going to test the closest resistance at 1.1529 - 1.1547, which could be a departure point for a decline. If so, we should keep an eye on the next support at 1.1494 - 1.1479 as the next bearish target.

More:
https://fbs.com/analytics/articles/eur_usd:_"v_top"_pattern_2351
 

riki143

Master Trader
Dec 18, 2013
6,699
4
79
GBP/USD: POSSIBLE "PENNANT" PATTERN
10:48 20.07.2017

1500536683-93b6787cae65d03f00076b70f55d95d3_1200x1200_q90.png


Bears faced support at 1.3006, so the price is consolidating near this level. Nevertheless, the market is likely going to decline towards the 34 & 55 Moving Averages. If a pullback from these lines happens, there'll be an opportunity to have a new local high.

1500536683-06584860bcb93a1e5c586873f772082e_1200x1200_q90.png


The price is consolidating in a range of a possible "Pennant" pattern. So, bulls are likely going to test the nearest resistance at 1.3057. At the same time, bears will probably try to achieve support at 1.2982 - 1.2926 afterwards.

More:
https://fbs.com/analytics/articles/gbp_usd:_possible_"pennant"_pattern_2352
 

riki143

Master Trader
Dec 18, 2013
6,699
4
79
EUR/USD: PRICE FIXATED UNDER 5/8 MM LEVEL
12:01 20.07.2017

1500541222-4482c5b63c6b852937c549674d48fd6d_1200x1200_q90.png


The price has fixated under 5/8 MM Level, so there's an opportunity to have a bearish impulse in wave . The main intraday target is 3/8 MM Level, which could be a departure point for a local upward correction.

1500541222-cd0ebcad1144141a12989bf2931389e4_1200x1200_q90.png


We've got a pullback from 7/8 MM Level on the one hour chart, so wave [v] of C may have been formed. The price is declining in wave (iii) of . It seems like bears are ready to test 3/8 MM Level soon

More:
https://fbs.com/analytics/articles/eur_usd:_price_fixated_under_5_8_mm_level_2359
 

riki143

Master Trader
Dec 18, 2013
6,699
4
79
EUR/USD: BEARISH "THREE METHODS" PATTERN
13:46 20.07.2017

1500547538-131607b110e23d54a6cab06f5cc26ece_1200x1200_q90.png


The last "Shooting Star" pattern has been confirmed, so the pair is likely going to test the 34 Moving Average. If any bullish pattern forms afterwards, there'll be an opportunity to have another upward price movement.

1500547538-7e3681e662e34e4facae49f4f6ecf050_1200x1200_q90.png


We've got a bearish "Three Methods" pattern, so we should keep in mind the 55 Moving Average as an intraday target. However, we could have a local upward correction later on.

More:
https://fbs.com/analytics/articles/eur_usd:_bearish_"three_methods"_pattern_2365
 

riki143

Master Trader
Dec 18, 2013
6,699
4
79
USD/JPY: ALL THE LAST CANDLES ARE BULLISH
13:48 20.07.2017

1500547538-7cbbef900c5c0b3beb9b349c0f80dfee_1200x1200_q90.png


There are bullish patterns such a "Hammer" and a "Harami", which both have been confirmed. The upper "Window" is acting as resistance, which could be a departure point for another downward price movement.

1500547538-cbdd1bc2707c020325fba4eb3e8c8899_1200x1200_q90.png


We don't have any bearish pattern so far, cause all the last candles are bullish. The main intraday target is the 89 & 144 Moving Averages. If a pullback from these lines happens, bears will have a green light to deliver a correction at least.

More:
https://fbs.com/analytics/articles/usd_jpy:_all_the_last_candles_are_bullish_2366
 

riki143

Master Trader
Dec 18, 2013
6,699
4
79
GBP/USD: POUND MAY GO HIGHER
09:32 21.07.2017

Technical levels: support – 1.2980; resistance – 1.3040.

Trade recommendations:

Buy — 1.3000; SL — 1.2980; TP1 — 1.3040; TP2 — 1.3090.
Reason: bullish Ichimoku Cloud with rising Senkou Span B; a dead cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices are supported by Senkou Span A.

1500618732-5838ef800660551113de2aff99712827_1200x1200_q90.png


More:
https://fbs.com/analytics/articles/gbp_usd:_pound_may_go_higher_2383