Market news and trade recommendations by FBS

[riki143]

GBP/USD Daily Analytics
06:17 05.01.2018
Technical levels: support – 1.3535; resistance – 1.3590.

Trade recommendations:

Buy — 1.3540; SL — 1.3420; TP1 — 1.3590; TP2 — 1.3650.
Reason: bullish Ichimoku Cloud, horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, with horizontal lines; a market is overbought, but the prices are on the support of Tenkan and Kijun.

More:
https://fbs.com/analytics/articles/gbp-usd-pound-bounced-from-kijun-6057

 

[riki143]

EUR/USD: "THREE METHODS" ACTED AS SUPPORT
12:55 05.01.2018

The last "Three Methods" pattern acted as support, so the price is consolidating. It's likely that the market is going to continue moving up until any bearish pattern arrives.

There's a "Piercing Line", which has been formed on the 34 Moving Average. However, confirmation of this pattern is a quite weak. Therefore, the pair is likely going to test the 55 MA, which could be a departure point for another upward price movement.


More:
https://fbs.com/analytics/articles/eur-usd-three-methods-acted-as-support-6061

 

[riki143]

USD/JPY Daily Analytics
12:59 05.01.2018

There's a bullish "Three Methods" pattern, which pushed the price higher. Considering that there's no any reversal pattern so far, the market is likely going to test the upper "Window" in the short term.

We've got a "Shooting Star", which hasn't been confirmed yet. So, there's an opportunity to have a downward correction in the coming hours. Nevertheless, bulls are likely going to reach the upper "Window" afterwards.

More:
https://fbs.com/analytics/articles/usd-jpy-shooting-star-pattern-6062

 

[riki143]

[BITCOIN (BTC/USD)[/B]
23:15 07.01.2018

All focuses are now placed on the Bitcoin bulls, as the asset has been moving in an uptrend from the lows of December 30 and according to the graph H1, cryptocurrency is consolidating above the 200-hour moving average. In the short term, the BTC/USD pair finds resistance at the 17.161.30 level and this helps curb the gains.

In the latest news concerning cryptocurrency, according to the coindesk.com website, the Visa debit card provider is deleting these cards in the European continent, in addition to being told to stop providing services related to Bitcoin. In addition, the Indian stock exchange is looking for answers about the tax responsibilities of operating Bitcoin in the country.

Despite this news, the BTC continues to move in a bullish tone, although it is currently consolidating below the 50-hour moving average, after having formed a double top around the aforementioned resistance. It is necessary to remember that cryptocurrency has made a successful rebound on the 200-hour moving average.

What do we expect?

According to our forecasts in the short term, based on the H1 chart, the Bitcoin is following a bearish tone guided by the Parabolic SAR, which remains in favor of the path of the bears. There are still chances that the cryptocurrency will resume the bearish bias and will test the lows of December 30. However, if the bulls gain momentum in the next few hours, the next target would be at the Fibonacci level of 78.6% at 17,916.70.

More:
https://fbs.com/analytics/articles/...a-possible-double-top-pattern-around-17k-6078

 

[riki143]

EUR/USD
23:16 07.01.2018
Bulls are still strong across the board in the EUR/USD pair, consolidating gains above the 1.2000 milestone. So far, there is a corrective move in place that points to break the Fibonacci level of 23.6% at 1.2015, which should give up in order to plummet towards a demand zone established between the 1.1931 and 1.1884 level. Around that area, the next path to follow would be the bullish one, which should target the -23.6% Fibo zone at 1.2163.

RSI indicator remains in the negative territory.

More:
https://fbs.com/analytics/articles/eur-usd-on-the-way-to-test-the-12160-6079

 

[riki143]

NZD/USD DAily Aalytics
06:28 08.01.2018
Recommendation:

SELL 0.7075

SL 0.7130

TP 0.6965

On the daily NZD/USD chart, buyers managed to return the pair to the long-term uptrend channel. This creates grounds for the bullish trend’s resumption. In addition, reaching of 88.6% target increases the risks of the transformation of the “Shark” pattern into 5-0.

On H1, bulls took the initiative after NZD/USD formed a “Triangle”. A decline below the previous consolidation range of 0.7075-0.7125 will create grounds for a deep correction.

More:
https://fbs.com/analytics/articles/nzd-usd-kiwi-has-a-vertigo-6083

 

[riki143]

AUD/USD Daily Analytics
06:35 08.01.2018
Recommendation:

SELL 0.7810 SL 0.7865 TP1 0.7735 TP2 0.768

BUY 0.7900 SL 0.7845 TP1 0.7990 TP2 0.8050 TP3 0.8120

On the daily chart, AUD/USD bulls want to resume the uptrend. To do it, they need to conquer resistance at 0.7885-0.7895. On the other hand, the inability of buyers to push the pair above support at 0.7810 will increase the odds of triggering 5-0 pattern.

On H1, bulls took the initiative after AUD/USD formed a “Widening wedge”. At the same time, a decline below 0.7812 will create grounds for correction.

More:
https://fbs.com/analytics/articles/aud-usd-will-aussie-make-a-stop-6084

 

[riki143]

EUR/USD Daily Analytics
07:33 08.01.2018
Technical levels: support – 1.1980; resistance – 1.2060.

Trade recommendations:

Buy — 1.1980; SL — 1.1960; TP1 — 1.2060; TP2 – 1.2100.
Reason: expanding bullish Ichimoku Cloud, rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-se, but narrowing channel of Tenkan-Kijun; the market breakdown the support of Kijun and will test the Cloud’s support.

More:
https://fbs.com/analytics/articles/eur-usd-euro-will-return-to-cloud-6088

 

[riki143]

GBP/USD Daily Analytics
07:34 08.01.2018
Technical levels: support – 1.3530; resistance – 1.3590.

Trade recommendations:

Buy — 1.3530; SL — 1.3510; TP1 — 1.3590; TP2 — 1.3630.
Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; a cancelled dead cross of Tenkan-sen and Kijun-sen; the market on the support of Tenkan-sen and Kijun-sen, but it needs correction to Cloud.

More:
https://fbs.com/analytics/articles/gbp-usd-bulls-can’t-maintain-uptrend-6089

 

[riki143]

EUR/USD Daily Analytics
10:06 08.01.2018

Bulls faced with resistance at 1.2091, so the price is consolidating. Also, there's a "Double Top" pattern, which has been confirmed. So, the pair is likely going to test the nearest support area at 1.1939 - 1.1934. Meanwhile, if a pullback from these levels happens little later on, there'll be an opportunity to have an upward price movement towards the next resistance at 1.2080 - 1.2129.

The 89 Moving Average is acting as support, but the market is likely going to test the next support at 1.1941. If we have a pullback from this level, bulls will probably try to reach another resistance at 1.2059 - 1.2080.

More:
https://fbs.com/analytics/articles/eur-usd-price-going-to-test-next-support-6091

 

[riki143]

GBP/USD Daily Analytics
10:09 08.01.2018

The main trend is still bullish, but the price is consolidating near the 34 Moving Average. Also, there's a bearish "Flag", so the market is likely going to test the closest support at 1.3465. However, if a pullback from this level happens, we could have a bullish price movement towards the next resistance at 1.3595 - 1.3618.

We've got a bearish "Flag" on the one-hour chart. In this case, the pair is likely going to reach the nearest support at 1.3484 - 1.3465 in the coming hours. This area could be a departure point for an upward price movement in the direction of another resistance at 1.3595 - 1.3612.

More:
https://fbs.com/analytics/articles/gbp-usd-bearish-flag-pattern-6092

 

[riki143]

EUR/USD Daily Analytics
06:11 09.01.2018

There's a pullback from 3/8 MM Level, so wave [iii] might have been formed. Therefore, we could have wave [iv] in the short term inside a possible ending diagonal.

The price has been declining since a pullback from 6/8 MM Level happened. It seems like wave iv ended, so there's an opportunity to have bearish wave v of (a) pretty soon.

More:
https://fbs.com/analytics/articles/eur-usd-pullback-from-3-8-mm-level-6122

 

[riki143]

XAU/USD Daily Analytics
06:49 09.01.2018
Recommendation:

BUY $1323 SL $1308 TP1 $1353 TP2 $1380

SELL $1314 SL $1329 TP $1284 TP2 $1266 TP3 $1237

On the daily chart, bulls managed to return XAU/USD to the uptrend channel. After that the pair formed a “Shakeout-Fakeout” pattern. This increases the risks of the bullish trend’s resumption. To begin with, buyers need to conquer resistance at $1321 an ounce. Their inability to do it will point at their weakness.

On H1, XAU/USD formed a “Spike and ledge” on the base of 1-2-3.

More:
https://fbs.com/analytics/articles/xau-usd-bulls-got-carried-away-with-their-attack-6125

 

[riki143]

USD/CAD Daily Analytics
06:58 09.01.2018
Recommendation:

BUY 1.2445 SL 1.239 TP1 1.2545 TP2 1.267

SELL 1.2375 SL 1.242 TP1 1.2275 TP2 1.21

On the daily chart, USD/CAD bears managed to lead the pair outside of consolidation range of 1.2670-1.2895. This increases the risks of the downtrend’s resumption. In the short-term traders can use the inside bar.

On H1, USD/CAD after playing out the “Widening wedge”. The pair formed a short-term consolidation range at 1.2375-1.2445. It would be wise to use breakout strategies.

More:
https://fbs.com/analytics/articles/usd-cad-loonie-was-stopped-by-an-inside-bar-6126

 

[riki143]

AUD/USD Daily Analytics
07:24 09.01.2018
Technical levels: support – 0.7830; resistance – 0.7880

Trade recommendations:

Sell — 0.7880; SL — 0.7900; TP1 — 0.7830; TP2 — 0.7780.
Reason: bullish Ichimoku Cloud with horizontal Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, but the narrowing channel of Tenkan-Kijun; the market is under strong main resistance of 0.7880.

More:
https://fbs.com/analytics/articles/aud-usd-aussie-under-strong-resistance-6128

 

[riki143]

USD/JPY: DOLLAR RETURNED TO CLOUD
07:25 09.01.2018
Technical levels: support – 112.50; resistance – 113.00

Trade recommendations:

Buy — 113.10; SL — 112.90; TP1 — 113.80; TP2 — 114.50.
Sell — 112.60; SL — 112.80; TP1 — 112.00; TP2 — 111.00.
Reason: bearish Ichimoku Cloud with horizontal Senkou Span Aand B; a golden cross of Tenkan-sen and Kijun-sen, but narrowing channel of Tenkan-Kijun; the prices returned to support of the Cloud.

More:
https://fbs.com/analytics/articles/usd-jpy-dollar-returned-to-cloud-6129

 

[riki143]

GBP/USD Daily Analytics
00:02 10.01.2018

The main trend is still bullish, but the price is consolidating near the 34 Moving Average. It's likely that the market is going to test the nearest resistance at 1.3569 - 1.3505. This area could be a departure point for a decline in the direction of another support at 1.3519 - 1.3493.

The price is consolidating between the Moving Averages. The main intraday target is the nearest resistance at 1.3549 - 1.3569. However, if a pullback from this area forms little later on, there'll be a moment to have a downward price movement towards the next support at 1.3519 - 1.3493.

More:
https://fbs.com/analytics/articles/gbp-usd-main-trend-is-still-bullish-6142

 

[riki143]

EUR/USD Daily Analytics
00:05 10.01.2018

The price is testing the 55 Moving Average, which could act as support. If so, the market is likely going to reach the nearest resistance area at 1.1934 - 1.1938. Meanwhile, if a pullback from these levels happens little later on, there'll be an opportunity to have another decline towards the next support at 1.1884 - 1.1875.

Bears faced with support at 1.1941 - 1.1914, so the price is consolidating. The main intraday target is the 34 Moving Average. If we have a pullback from this line, bears are likely going to reach the closest support at 1.1890 - 1.1871.

More:
https://fbs.com/analytics/articles/eur-usd-price-testing-55-moving-average-6141

 

[riki143]

USD/JPY Daily Aalytics
00:07 10.01.2018

There's a "High Wave" on the lower "Window", but this pattern hasn't been confirmed yet. In this case, the market is likely going to test the nearest Moving Averages in the coming hours.

The last bullish "Harami" pattern has been confirmed, so bulls are likely going to test the upper "Window" and all the Moving Averages in the short term. If a pullback from these levels arrives afterwards, there'll be an opportunity to have another decline.

More:
https://fbs.com/analytics/articles/usd-jpy-high-wave-on-lower-window-6143

 

[riki143]

EURUSD Daily Analytics
00:10 10.01.2018

There's a "Doji", which has been formed on the 55 Moving Average. However, confirmation of this pattern is a quite weak, so we're likely going to have a local correction towards the nearest resistance, which could be a departure point for another decline.

We've got an "Inverted Hammer" and a "Tweezers" patterns, so the market is likely going to test the 89 Moving Average. If this line acts as resistance, bears will probably try to deliver a new local low.

More:
https://fbs.com/analytics/articles/eurusd-doji-on-the-55-moving-average-6144