Market news and trade recommendations by FBS

[riki143]

USD/JPY Daily Analytics
09:02 14.12.2017
Recommendation:

SELL 112

SL 112.55

TP 111

On the daily chart, the fact that USD/JPY left the short-term uptrend channel points at the seriousness of bears. If they manage to hold the USD below 113.00, the odds of a 5-0 pattern will increase.

On H1, the senior “Shark” pattern is transforming into 5-0. Bears managed to return the pair below important levels of 113.25 and 112.80. They want to trigger the junior pattern with a target of 88.6%.

More:
https://fbs.com/analytics/articles/usd-jpy-bears-make-decisive-steps-5703

 

[riki143]

EUR/USD Daily ANalytics
11:31 14.12.2017

There's a "Triple Bottom", which has been confirmed, so all the Moving Averages have been broken. The main intraday target is the next support at 1.1814, which could be a departure point for an upward price movement towards the nearest resistance at 1.1884 - 1.1919.

Bulls faced with resistance at 1.1847, so the price is consolidating. In this case, bears are likely going to reach the closest support at 1.1814 in the short term. If a pullback from this level happens little later on, we should keep an eye on another resistance at 1.1871 - 1.1890 as the next bullish target.

More:
https://fbs.com/analytics/articles/eur-usd-triple-bottom-pattern-5707

 

[riki143]

GBP/USD DAily Analytics
11:36 14.12.2017

We've got a confirmed "Triple Bottom", so the price has broken all the Moving Averages. The main intraday target is the next support at 1.3408 - 1.3386. Meanwhile, if a pullback from this area happens, bulls will probably try to reach the nearest resistance at 1.3479 - 1.3519.

The pair faced resistance at 1.3454, so the price is consolidating. It's likely that the market is going to reach the closest support at 1.3408 - 1.3398. This area could be a departure point for an upward price movement in the direction of the next resistance at 1.3478.

More:
https://fbs.com/analytics/articles/gbp-usd-price-broken-all-moving-averages-5708

 

[riki143]

EUR/USD Daily Analytics
11:41 14.12.2017

There's a "Harami", which has been formed at the last local high. So, the market is likely going to test the nearest Moving Averages. If a pullback from these lines happens little later on, we should keep an eye on the upper "Window" as the next bullish target.

We've got a "Belt Hold", so the price is likely going to test the 89 Moving Average. This line could be a departure point for an upward price movement towards the nearest "Window".

More:
https://fbs.com/analytics/articles/eur-usd-belt-hold-pattern-5709

 

[riki143]

USD/JPY Daily Analytics
11:46 14.12.2017

There's an "Inverted Hammer", but confirmation of this pattern is a quite weak. So, we could have just a local upward correction in the short term. Nevertheless, bears are likely going to test the lower "Window" afterwards.

The last "High Wave" pattern is still unconfirmed. Therefore, the market is likely going to decline during the day. Anyway, bulls will probably try to test the Moving Averages little later on.

More:
https://fbs.com/analytics/articles/usd-jpy-high-wave-pattern-5710

 

[riki143]

EUR/USD Daily Analytics
06:15 15.12.2017
Recommendation:

SELL 1.1750

SL 1.1805

TP1 1.1640 TP2 1.1600 TP3 1.1550

On the daily chart, the inability of bulls to push the pair above resistance at 1.1821 points at their weakness. To continue decline towards 127.2% and 161.8% targets of a “Crab” bears need to lead the pair outside of the uptrend channel and conquer support at 1.1750.

On H1, a break of support at 1.1730-1.1750 will make EUR/USD go to 161.8% and 88.6% targets of the “Shark” and AB=CD.

More:
https://fbs.com/analytics/articles/eur-usd-euro-is-after-a-crab-5733

 

[riki143]

EUR/GBP Daily Analytics
06:32 15.12.2017
Recommendation:

BUY 0.8850

SL 0.8795

TP1 0.8975 TP2 0.9015 TP3 0.9075

On the daily chart, EUR/GBP keeps consolidating between 0.8740 and 0.9015. A condition needed for the uptrend’s resumption is for the pair to return inside an uptrend channel. On the other hand, if the pair renews December low, the odds of it going to 200% target of AB=CD will increase.

On H1, there are conditions for the formation of the “Head and shoulders”. Successful of resistance close to the neckline at 0.8840-0.8850 will open the way to the upside to bulls.

More:
https://fbs.com/analytics/articles/eur-gbp-bulls-don’t-lose-hope-5734

 

[riki143]

GBP/USD Daily Analytics
06:33 15.12.2017
Technical levels: support – 1.3420; resistance – 1.3470.

Trade recommendations:

Buy — 1.3420/30; SL — 1.3400; TP1 — 1.3470; TP2 — 1.3510.
Reason: expanding bullish Ichimoku Cloud, rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen, with rising Tenkan-sen; the prices are above the Cloud and on the support of Senkou Span A.

More:
https://fbs.com/analytics/articles/gbp-usd-pound-fixed-above-cloud-5735

 

[riki143]

AUD/USD Daily analytics
06:35 15.12.2017
Technical levels: support – 0.7630; resistance – 0.7680

Trade recommendations:

Sell — 0.7680; SL — 0.7700; TP1 — 0.7630; TP2 — 0.7590.
Reason: bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices are under strong resistance of 0.7680.

More:
https://fbs.com/analytics/articles/aud-usd-aussie-reached-main-resistance-5736

 

[riki143]

EUR/USD Daily Analytics
12:45 15.12.2017

Bulls faced with resistance at 1.1859, so there's a "Thorn" pattern. The main intraday target is the nearest support at 1.1728 - 1.1712. If a pullback from this area happens, we could have another upward price movement towards the next resistance at 1.1792 - 1.1814.

All the Moving Averages have been broken, so there's a "V-Bottom" pattern. It's likely that the market is going to reach the closest resistance at 1.1814 in the coming hours. Meanwhile, if we have a pullback from this level, bears will probably try to reach another support at 1.1756 - 1.1728.

More:
https://fbs.com/analytics/articles/eur-usd-all-moving-averages-broken-5740

 

[riki143]

GBP/USD Daily Analytics
12:48 15.12.2017

The 89 Moving Average has acted as support, so the price is rising. However, there's a "V-Top" pattern, so the market is likely going to decline towards the nearest support at 1.3386 - 1.3369. This area could be a departure point for another bullish price movement in the direction of the next resistance at 1.3454 - 1.3479.

The price is consolidating above the Moving Averages. The main intraday target is the closest resistance at 1.3479. If a pullback from this level happens, there'll be an opportunity to have a decline towards the nearest support at 1.3408 - 1.3398.

More:
https://fbs.com/analytics/articles/gbp-usd-v-top-pattern-5741

 

[riki143]

EUR/USD Daily Analytics
12:50 15.12.2017

We've got a bearish "Harami", which has been confirmed enough. However, there's an opportunity to have a local bullish correction in the short term. Nevertheless, bears are likely going to reach the next support afterwards.

There's a bullish "Harami", which has been formed at the local low. So, the pair is likely going to test the upper "Window" during the day. If a pullback from this level happens, we could have another decline.

More:
https://fbs.com/analytics/articles/eur-usd-bullish-harami-5743

 

[riki143]

USD/JPY Daily Analytics
12:52 15.12.2017

There's a bearish "Three Methods" pattern, which has been confirmed. Also, we don't have any reversal pattern so far. In this case, the price is likely going to continue declining towards the next support area.

The lower "Window" is acting as support. Moreover, there's a bullish "Hammer", which hasn't been confirmed yet. So, the pair is likely going to test the nearest Moving Average, which could be a departure point for another bearish price movement.

More:
https://fbs.com/analytics/articles/usd-jpy-lower-window-acting-as-support-5744

 

[riki143]

BITCOIN (BTC/USD)
21:56 17.12.2017

The Bitcoin continues to be the protagonist of the main headlines of the media that cover the movements of cryptocurrency, since during the weekend reached the important psychological level of 19,000, also renewing its highest level of all time. The yields of the BTC, according to the latest data, already exceed 80%.

However, due to the growth that cryptocurrency has had in a meteoric manner, concerns that this is the indicator that there is a bubble on the verge of bursting to continue to keep investors wary of maintaining long-term positions. According to the latest reports, it is speculated that the price of Bitcoin has been inflated in an artificial way for the benefit of speculators.

On the other hand, Bitcoin futures, listed as XBT, show a consolidation above the level of 18,000. According to the technical outlook, there is still a follow-up of a bullish trend line projected from the lows of December 10th, providing dynamic support to cryptocurrency in the short term.

What do we expect?

According to our projections in the H1 chart, the Parabolic SAR is supporting the idea that Bitcoin is entering a slight corrective phase, which will allow consolidating some of the gains recorded over the weekend. The price has already reached the Fibonacci target of -23.6% at 19,114 and this is the indicator that take profit's orders are being activated, before reaching the key psychological level of 20,000.

More:
https://fbs.com/analytics/articles/bitcoin-btc-usd-on-its-way-to-reach-the-20k-milestone-5760

 

[riki143]

AUD/USD
21:59 17.12.2017
AUD/USD was one of the pair which posted strong gains across the board, with the Australian Dollar gaining momentum above the 0.7600 milestone. However, the pair is entering a consolidation phase that could allow a corrective move towards the Fibonacci area of 50% and 65%, between the 0.7596 and 0.7567 levels. Around that zone, we can expect demand for the Aussie in order to rally towards the -23.6% Fibo level at 0.7737.

RSI indicator remains in the negative territory.

More:
https://fbs.com/analytics/articles/aud-usd-close-to-reach-a-demand-zone-5761

 

[riki143]

EUR/USD Daily analytics
08:10 18.12.2017
Technical levels: support – 1.1740; resistance – 1.1800.

Trade recommendations:

Buy — 1.1810; SL — 1.1790; TP1 — 1.1880; TP2 – 1.1920.
Reason: narrowing bearish Ichimoku Cloud, rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices are returned into negative area, but the Bears can’t maintain the downtrend.

More:
https://fbs.com/analytics/articles/eur-usd-euro-returned-to-negative-area-5766

 

[riki143]

GBP/USD Daily Analytics
08:11 18.12.2017
Technical levels: support – 1.3330; resistance – 1.3380.

Trade recommendations:

Buy — 1.3340/50; SL — 1.3320; TP1 — 1.3380; TP2 — 1.3430.
Reason: narrowing bullish Ichimoku Cloud with rising Senkou Span B; a new weak dead cross of Tenkan-sen and Kijun-sen; the market is on the strong support of Senkou Span B.

More:
https://fbs.com/analytics/articles/gbp-usd-pound-testing-ssb’s-support-again-5767

 

[riki143]

NZD/USD Daily Anlytics
11:07 18.12.2017
Recommendation:

BUY 0.7075

SL 0.7020

TP1 0.7165 TP2 0.7265

On the daily chart, buyers managed to lead the pair outside of the short-term consolidation range and return them inside an uptrend channel. If they succeed, the risks of an uptrend resumption will increase. The recoil of diagonal resistance will allow expecting the test of resistance at 0.6963.

On H1, NZD/USD is realizing “Head and Shoulders” and “Shark” patterns. If the pair renews December high, it will create grounds for 88.6% of the “Shark” patterns.

More:
https://fbs.com/analytics/articles/nzd-usd-wants-to-get-into-an-old-cage-5773

 

[riki143]

AUD/USD Daily Analytics
11:14 18.12.2017
Recommendation:

BUY 0.7695

SL 0.764

TP1 0.7810 TP2 0.7850

On the daily chart, AUD/USD bulls managed to lead the pair outside of the downtrend channel and return it inside the long-term uptrend channel. If the pair renews December high with the following break of resistance at 0.7736-0.7752, the odds of a rally will increase.

On H1, the “shark” pattern is transforming into 5-0 and trading within a “Widening wedge”. A successful test of resistance at 0.7695-0.7700 will open the way north to 78.6% and 88.6% of the last descending wave.

More:
https://fbs.com/analytics/articles/aud-usd-returns-to-an-old-trend-5774

 

[riki143]

EUR/USD Daily Analytics
12:11 18.12.2017

Bears faced with support at 1.1772, so there's a "V-Bottom", which pushed the price to the Moving Averages. The main intraday target is the next resistance at 1.1814 - 1.1859. If a pullback from these levels happens, we could have a decline towards the nearest support at 1.1728 - 1.1712.

The 34 & 55 Moving Averages have been broken, so the pair is likely going to reach the closest resistance at 1.1814 - 1.1847. Meanwhile, if we have a pullback from this area, there'll be an opportunity to see another decline in the direction of the next support at 1.1756 - 1.1728.

More:
https://fbs.com/analytics/articles/eur-usd-v-bottom-pattern-5775