Market news and trade recommendations by FBS

[riki143]

USD/CHF Daily Analytics
07:08 22.11.2017
Recommendations:

BUY 0.9945

SL 0.989

TP1 1.0005 TP2 1.0045 TP3 1.0145

On the daily chart, USD/CHF came to the lowest border of the uptrend trade channel and important support in the 0.9882-0.9891 area. If bulls manage to push the pair above these levels, risks of the uptrend’s resumption towards 161.8% of AB=CD will increase.

On H1, USD/CHF is retesting the neckline of “Head and Shoulders”. The pullback with the following successful test of resistance at 0.9940-0.9945 will trigger a “Crab” pattern with the target at 161.8%.

More:
https://fbs.com/analytics/articles/usd-chf-bulls-are-in-defense-5243

 

[riki143]

GBP/USD Daily Analytics
07:24 22.11.2017
Recommendation:

BUY 1.3295

SL 1.3240

TP1 1.3415 TP2 1.352 TP3 1.3585

On The daily chart, GBP/USD approached the upper border of the 1.3045-1.3320 range, formed within “Spike and ledge” pattern. A successful test of resistance at 1.3320 will increase the risks of growth towards 1.3520 and 1.3585 with the following resumption of an uptrend.

On H1, GBP/USD reached the targets of the junior “Widening wedge”. A pullback to 38.2% of the wave 4-5 with the following return to 23.6% is usually used for buying. The test of resistance at 1.3295 will allow increasing longs.

More:
https://fbs.com/analytics/articles/gbp-usd-pound-is-cramped-in-the-corridor-5244

 

[riki143]

EUR/USD Daily Analytics
07:39 22.11.2017
Technical levels: support – 1.1710; resistance – 1.1760.

Trade recommendations:

Buy — 1.1770; SL — 1.1750; TP1 — 1.1850; TP2 – 1.1880
Reason: bullish Ichimoku Cloud, but falling Senkou Span A; a correctional dead cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices are supported by Senkou Span B and returned to upper border of the Cloud.

More:
https://fbs.com/analytics/articles/eur-usd-euro-looking-for-continue-uptrend-5245

 

[riki143]

GBP/USD Daily Analytics
07:40 22.11.2017
Technical levels: support – 1.3240; resistance – 1.3300.

Trade recommendations:

Buy — 1.3250; SL — 1.3230; TP1 — 1.3300; TP2 — 1.3330.
Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising lines; the prices are supported on Tenkan-sen and will continue the uptrend.

More:
https://fbs.com/analytics/articles/gbp-usd-pound-supported-by-tenkan-sen-5246

 

[riki143]

EUR/USD Daily Analytics
00:51 23.11.2017

There's a "Double Bottom" pattern, which has been confirmed. So, the price is likely going to test the nearest resistance at 1.1859 - 1.1874. If a pullback from this area happens little later on, there'll be an opportunity to have a decline towards the closest support at 1.1821 - 1.1787.

We've got a bullish "Diamond" with confirmation, so the price is rising. Finally, the pair faced with resistance at 1.1821, so we could have a bearish correction in the direction of the nearest support at 1.1808 - 1.1787. This area could be a departure point for an upward price movement towards another resistance at 1.1821 - 1.1859.

More:
https://fbs.com/analytics/articles/eur-usd-bullish-diamond-pattern-5263

 

[riki143]

GBP/USD Daily Analytics
00:54 23.11.2017

There are three bullish "Thorn" patterns in a row, so the price is rising. The main intraday target is the next resistance at 1.3336 - 1.3370. If a pullback from these levels happens little later on, there'll be an option to have a decline in the direction of the nearest support at 1.3298 - 1.3278.

There's a "Triangle" pattern, which upper side has been broken, so the price is still rising. It's likely to have a bearish correction in the short term. However, if we have a pullback from the closest support at 1.3298 - 1.3278, we could have just another bullish rally.

More:
https://fbs.com/analytics/articles/gbp-usd-three-bullish-thorns-in-a-row-5264

 

[riki143]

EUR/USD Daily Analytics
02:09 23.11.2017

The 34 & 55 Moving Averages have acted as support, so the price is rising, cause there's still no any reversal pattern so far. In this case, the pair is likely going to test the nearest resistance area, which could be a departure point for a decline.

There's no any bearish pattern so far. Also, the nearest "Window" has acted as support. Therefore, the market is likely going to continue moving up until any reversal candle model forms.

More:
https://fbs.com/analytics/articles/eur-usd-window-acted-as-support-5265

 

[riki143]

USD/JPY Daily Analytics
02:13 23.11.2017

The price has been declining since a "Tweezers" formed under the Moving Averages. So, the pair is likely going to test lower "Window" in the short term. If a pullback from this level happens, we could have an upward correction.

There's still no any bullish pattern, but the price faced with support by the lower "Window". Therefore, we could have a local upward correction during the day, but bears will probably try to deliver a new local low afterwards.

More:
https://fbs.com/analytics/articles/usd-jpy-tweezers-led-to-decline-5266

 

[riki143]

EUR/USD Daily Analytics
03:43 23.11.2017

There's another pullback from 4/8 MM Level, so wave [ii] might have been formed. In this case, we're likely going to have an upward impulse in wave [iii]. The nearest bullish target is +2/8 MM Level.

4/8 MM Level acted as support, so the price is rising. It seems like wave (i) is about to end. If correct, there's an opportunity to have wave (ii) in the short term.

More:
https://fbs.com/analytics/articles/eur-usd-another-pullback-from-4-8-mm-level-5267

 

[riki143]

EUR/JPY Daily Analytics
07:10 23.11.2017
Recommendation:

BUY 132.40

SL 131.85

TP1 133.6 TP2 134.4 TP3 136

On the daily chart, bears are testing support at 131.50 for the third time. The inability of the sellers to lower the pair below an important support is a signal of their weakness. This increases the risks of the uptrend’s resumption and advance towards 161.8% and 224% of AB=CD.

On H1, EUR/JPY declined after reaching targets of “Wolfe waves” and “Shark”. The pair’s currently forming a “Dragon” with the following successful test of resistance at 132.40.

More:
https://fbs.com/analytics/articles/eur-jpy-bears-showed-weakness-5271

 

[riki143]

USD/JPY Daily Analytics
07:17 23.11.2017
Recommendation:

BUY 111.65

SL 111.10

TP1 112.50 TP20 112.90

On the daily chart, USD/JPY returned to the previous long-term channel. At the same time, the pair reached 113% target of the “Shark” pattern. As a result, the risks of a pullback increased. The necessary condition for the start and the development of a correction are a successful test of resistance at 111.65.

On H1, the risk of transformation of the “Shark” into 5-0 have increased. Correction towards 38.2% and 50% of the wave CD is usually used for opening short positions.

More:
https://fbs.com/analytics/articles/usd-jpy-bulls-were-fed-to-the-shark-5272

 

[riki143]

AUD/USD Daily Analytics
08:20 23.11.2017
Technical levels: support – 0.7560; resistance – 0.7630

Trade recommendations:

Sell — 0.7630; SL — 0.7650; TP1 — 0.7560; TP2 — 0.7530.
Reason: narrowing bearish Ichimoku Cloud with rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen, rising Tenkan-sen; the prices are entered into the Cloud.

More:
https://fbs.com/analytics/articles/aud-usd-aussie-will-test-upper-border-of-cloud-5276

 

[riki143]

USD/JPY Daily Analytics
08:21 23.11.2017
Technical levels: support – 111.00; resistance – 111.80.

Trade recommendations:

Buy — 111.00; SL — 110.80; TP1 — 111.80; TP2 — 112.00.
Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen; the market made new lows, but there is a strong support on 111.00.

More:
https://fbs.com/analytics/articles/usd-jpy-dollar-made-new-lows-5277

 

[riki143]

EUR/USD Daily Analytics
00:36 24.11.2017

Bulls faced with resistance at 1.1859, so the price is consolidating. The main intraday target is next resistance at 1.1879 - 1.1897. If a pullback from these levels happens little later on, there'll be an opportunity to have a decline towards the closest support at 1.1821 - 1.1787.

The price has been consolidating since a pullback from resistance at 1.1859 happened. So, bears are likely going to test the nearest support at 1.1821, which could be a departure point for an upward price movement in the direction of another resistance at 1.1879 - 1.1897.

More:
https://fbs.com/analytics/articles/eur-usd-bears-going-to-test-nearest-support-5287

 

[riki143]

GBP/USD Daily Analytics
00:42 24.11.2017

The bullish rally has been stopped by resistance of the last "Triple Top" pattern. Nevertheless, the market is likely going to continue moving up towards the next resistance at 1.3336 - 1.3370. If a pullback from this area happens, we could have a decline in the direction of the nearest support at 1.3298 - 1.3278.

The price is consolidating between the levels 1.3336 - 1.3278. The main intraday target is the next support at 1.3298 - 1.3278. At the same time, if a pullback from these levels happens afterwards, bulls will probably try to test the next resistance at 1.3336 - 1.3370.

More:
https://fbs.com/analytics/articles/gbp-usd-resistance-by-triple-top-pattern-5288

 

[riki143]

EUR/USD Daily Analytics
00:45 24.11.2017

The price is still rising, so there isn't any reversal pattern so far. In this case, the pair is likely going to climb even higher in the short term. If any bearish pattern arrives little later on, there'll be an opportunity to have a decline.

There's a "Three Methods" pattern, which pushed the price even higher. At the same time, there isn't any reversal candle model, so we could have a new local high pretty soon.

More:
https://fbs.com/analytics/articles/eur-usd-three-methods-pushed-price-higher-5289

 

[riki143]

USD/JPY Daily Analytics
00:47 24.11.2017

The price is still consolidating, but we don't have any reversal pattern so far. In this case, the pair is likely going to break the last low. If any bullish pattern forms afterwards, the 21 Moving Average will be the next target.

There's resistance by the middle of the last huge black candle. Also, we don't have any confirmed reversal pattern. So, the market is likely going to continue declining.

More:
https://fbs.com/analytics/articles/usd-jpy-pair-going-to-break-the-last-low-5290

 

[riki143]

EUR/USD Daily Analytics
03:43 24.11.2017

There's a pullback from 4/8 MM Level, so the price is rising. It's likely that we're going to have bullish wave [iii] in the short term. In this case, we should keep an eye on +2/8 MM level as the next intraday target.

Wave [ii] took the form of a double zigzag, so there's a developing impulse in wave (i). Considering that wave v of (i) is about to end, there's an opportunity to have a downward correction, which could be wave (ii) of [iii].

More:
https://fbs.com/analytics/articles/eur-usd-bullish-wave-iii-5292

 

[riki143]

EUR/USD Daily Analytics
07:59 24.11.2017
Recommendation:

BUY 1.1875

SL 1.1820

TP1 1.2000 TP2 1.205

On the daily chart, EUR/USD bulls are preparing to test resistance at 1.1875-1.1885 and trigger the inverted “Shark” pattern. In case of success, risks of reaching 88.6% will increase. Failure will lead to consolidation in the 1.1710-1.1885 range.

On H1, EUR/USD reached the targets of the “Widening wedge”: after a pullback from 38.2% of the wave 4-5 and return to 23.6% there was a possibility to form long positions. To increase them one may use resistance at 1.1875 and trigger AB=CD pattern.

More:
https://fbs.com/analytics/articles/eur-usd-euro-is-preparing-an-attack-5296

 

[riki143]

EUR/GBP Daily Analytics
08:09 24.11.2017
Recommendation:

BUY 0.8950

SL 0.8895

TP1 0.9100 TP2 0.9250

On the daily chart, the inability of bears to keep the pair below the lower border of the uptrend channel points at their weakness. To reach 88.6% target of the “shark” pattern bulls need to conquer resistance at 0.8926 and renew November low.

On H1, the return of EUR/GBP to the uptrend channel with the following successful test of resistance at 0.8948 will increase the risks of going to 127.2% target of the butterfly.

More:
https://fbs.com/analytics/articles/eur-gbp-bulls-return-the-initiative-5297