Market news and trade recommendations by FBS

[riki143]

GBP/USD Daily Analytics
12:02 12.01.2018

The main trend is still bullish, so the last high is likely going to be broken soon. The main intraday target is the next resistance at 1.3612 - 1.3656. If a pullback from these levels happens little later on, bears will probably try to test the closest support at 1.3569 - 1.3549.

All the Moving Averages have been broken, so the price is rising. It seems like bulls are going to reach the next resistance at 1.3612 - 1.3656 in the coming hours. However, if a pullback from this area is on the table, we could have a correction in the direction of the nearest support at 1.3584 - 1.3549.

More:
https://fbs.com/analytics/articles/gbp-usd-main-trend-still-bullish-6212

 

[riki143]

EURUSD Daily Analytics
12:05 12.01.2018

The 55 Moving Average has acted as support, so the last "Doji" and "Hammer" patterns led to the current upward price movement. There's no any reversal pattern, so the price is likely going to continue moving up.

There's a "Three Methods" pattern, so the price is rising. However, we could have a correction in the coming hours towards the nearest support area, which is likely going to be a departure point for another upward price movement.

More:
https://fbs.com/analytics/articles/eurusd-three-methods-pattern-6213

 

[riki143]

USD/JPY Daily Analytics
12:08 12.01.2018

The price reached the "Window", but there isn't any reversal pattern so far. So, the price is likely going to continue moving down until any bullish pattern forms.

We've got a bearish "Engulfing", which has been confirmed. In this case, the market is likely going to test the lower "Window" in the short term.

More:
https://fbs.com/analytics/articles/usd-jpy-price-reached-the-window-6214

 

[riki143]

BITCOIN (BTC/USD)
19:15 14.01.2018
Bitcoin continues to consolidate slightly above the psychological level of 13,000 since buyers remain active at the Fibonacci level of 23.6% at 12,852.85. This has allowed the bears to weaken in the current movement and the Parabolic SAR seems to be supporting the price action in the short term in favor of the bulls.

During the weekend, the Russian finance minister proposed that the cryptocurrency trading is legalized once and for all, due to the wide popularity that this activity has gained in the country. It is interesting to note that companies with international remittances such as MoneyGram are implementing the XRP in their internal pilot program systems.Now bulls and bears are locked in a battle to guide the path of the BTC / USD pair in the short term, although the long-term view is still bullish. We say this because of the fact that cryptocurrency has still not moved significantly away from the 200-hour moving average, which supports the bullish price action for the time being.

What do we expect?

Our forecasts in the short term continue to put Bitcoin in a bearish trend that can be strengthened with the break of 12,852. This could allow our hypothesis raised in days ago to be fulfilled and the pair will reach the Fibonacci target of -23.6% in 8507.14. The RSI remains in negative territory, although it is entering a neutral zone

More:
https://fbs.com/analytics/articles/bitcoin-btc-usd-buyers-demand-around-12850-6226

 

[riki143]

EUR/NZD
19:16 14.01.2018
EUR/NZD has been trading in a bearish tone since January 3rd session, but so far it’s consolidating above the 200 SMA, at which is currently finding sellers. The 65% Fibonacci level could act as a resistance that help to strengthen the downward path for the short-term. If that happens, the pair could be on its way to test the -23.6% Fibo zone at 1.6400.

RSI indicator is moving in the overbought territory.

More:
https://fbs.com/analytics/articles/eur-nzd-under-selling-pressure-at-16830-6227[URL="http://"][/URL]

 

[riki143]

EURUSD Daily Analytics
03:40 15.01.2018

The price went through an important resistance at 1.2080 - 1.2129, but bulls are likely going to test the next resistance at 1.2246. If a pullback from this level happens little later on, there'll be a moment to have a downward correction towards the nearest support at 1.2129 - 1.2080.

Bulls faced with resistance at 1.2225, so there's time for a local bearish correction. The main intraday target is the closest support at 1.2164. This level could be a departure point for another upward price movement in the direction of the next resistance at 1.2225 - 1.2246.

More:
https://fbs.com/analytics/articles/eurusd-bulls-going-to-test-next-resistance-6229

 

[riki143]

GBP/USD Daily Analytics
03:44 15.01.2018

The main trend is still bullish. It's likely that the pair is going to test the next resistance at 1.3765 - 1.3834 in the short term. However, if a pullback from this area happens little later on, there'll be an opportunity to have a bearish correction towards the nearest support at 1.3635.

The pair faced with resistance at 1.3765, so bears are likely going to test the closest support at 1.3692 - 1.3656 in the coming hours. Meanwhile, if a pullback from this area happens afterwards, we could have another upward price movement in the direction of the next resistance at 1.3765 - 1.3834.

More:
https://fbs.com/analytics/articles/gbp-usd-v-bottom-led-to-new-high-6231

 

[riki143]

GBP/USD Daily Analytics
07:54 15.01.2018
Technical levels: support – 1.3690; resistance – 1.3830, 1.3900.

Trade recommendations:

Sell — 1.3730; SL — 1.3750; TP1 — 1.3690.
Buy — 1.3690; SL — 1.3670; TP1 — 1.3830; TP2 — 1.3900.
Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A and B; a cancelled dead cross of Tenkan-sen and Kijun-sen with rising lines; the market is on new highs and overbought – expected a correction.

More:
https://fbs.com/analytics/articles/gbp-usd-pound-reached-new-highs-6238

 

[riki143]

USD/JPY Daily Analytics
07:55 15.01.2018
Technical levels: support – 110.40, 110.00; resistance – 111.00

Trade recommendations:

Sell — 111.00; SL — 111.20; TP1 — 110.40; TP2 — 110.00.
Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with falling lines; the prices reached new lows and the market is oversold.

More:
https://fbs.com/analytics/articles/usd-jpy-weakness-of-dollar-6239

 

[riki143]

NZD/USD Daily Analytics
08:38 15.01.2018
Recommendations:

BUY 0.7165 SL 0.711 TP1 0.7265 TP2 0.739

BUY 0.7090 SL 0.7025 TP1 0.7190 TP2 0.7265 TP3 0.7390

On the daily chart, NZD/USD bulls managed to get above resistance at 0.7250-0.7265. Never the less, the fight for this important level continues. If the pair reaches 113% target of the “Shark” pattern, bears will be able to counterattack.

On H1, NZD/USD bulls keep controlling the situation. Sustainable uptrend allows traders to buy on the pullbacks to 23.6%, 38.2% and 50% ?of the wave CD of the “Shark” pattern

More:
https://fbs.com/analytics/articles/nzd-usd-kiwi-is-storming-a-fortress-6240

 

[riki143]

EURUSD ADaily Analytics
08:43 15.01.2018

The price has been rising since a triangle in wave 4 was formed. The main intraday target for wave 5 of (C) is 7/8 MM Level, which could be a departure point for a bearish correction.

There's a developing upward impulse in wave 5. It's likely that wave [iii] is going to move on, so we should keep an eye on 5/8 MM Level as the next bullish target.

More:
https://fbs.com/analytics/articles/eurusd-triangle-in-wave-4-6241

 

[riki143]

GBP/USD Daily Analytics
08:12 17.01.2018
Technical levels: support – 1.3680; resistance – 1.3830.

Trade recommendations:

Sell — 1.3760; SL — 1.3780; TP1 — 1.3690; TP2 — 1.3650.
Reason: bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.

More:
https://fbs.com/analytics/articles/gbp-usd-pound-entered-into-channel-tenkan-kijun-6289

 

[riki143]

AUD/USD Daily Analytics
08:13 17.01.2018
Technical levels: support – 0.7870; resistance – 0.8000

Trade recommendations:

Sell — 0.7940; SL — 0.7960; TP1 — 0.7870; TP2 — 0.7840.
Reason: bullish Ichimoku Cloud with rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen; but the market is overbought and under the strong resistance of 0.8000.

More:
https://fbs.com/analytics/articles/aud-usd-aussie-reached-main-target-6290

 

[riki143]

EURUSD Daily Analytics
12:59 17.01.2018

The main trend is still bullish, however there's a "V-Top" pattern, so the market is likely going to test the nearest support at 1.2225 - 1.2164. If a pullback from this area happens little later on, there'll be an opportunity to have another upward price movement.

We've got a "V-Top", so there's a developing bearish correction. The main intraday target is the closest resistance at 1.2272 - 1.2296. This area could be a departure point for a decline in the direction of the 55 Moving Average.

More:
https://fbs.com/analytics/articles/eurusd-v-top-pattern-6293

 

[riki143]

GBP/USD Daily Analytics
13:02 17.01.2018

Bulls faced with resistance at 1.3834, so there's a "V-Top" pattern. In this case, we should keep an eye on the closest support at 1.3730 as the next bearish target. If a pullback from this level happens, there'll be a moment to have a bullish price movement towards the nearest resistance at 1.3834 - 1.3913.

The price is consolidating between the levels 1.3843 - 1.3765. The main intraday target is the next resistance at 1.3819 - 1.3834. Meanwhile, if a pullback from this area happens, there'll be an opportunity to have a decline towards the closest support at 1.3730 - 1.3692.

More:
https://fbs.com/analytics/articles/gbp-usd-bulls-faced-with-resistance-6294

 

[riki143]

EURUSD Daily Analytics
13:05 17.01.2018

There's a "High Wave" pattern, which has been formed at the last local high. If the 34 Moving Average acts as support, there'll be an opportunity to have another upward price movement.

The last "Shooting Star" led to the current decline. However, we could have a local upward correction in the coming hours. Nevertheless, the 89 Moving Average is likely going to act as support little later on.

More:
https://fbs.com/analytics/articles/eurusd-high-wave-pattern-6295

 

[riki143]

USD/JPY Daily analytics
13:07 17.01.2018

There's a bullish "Doji", which has been formed at the local low. So, the market is likely going to test the 34 Moving Average, which could be a departure point for another decline.

We've got a "Doji" pattern on the 34 Moving Average. It's likely that the pair is going to reach the 89 MA soon. If a pullback from this line happens, bears will probably try to break the last low.

More:
https://fbs.com/analytics/articles/usd-jpy-doji-pattern-on-the-34-ma-6296

 

[riki143]

EUR/JPY Daily Analytics
07:13 18.01.2018
Recommendation:

BUY 136.10

SL 135.55

TP1 137.10 TP2 138.00

On the daily chart, the initiative returned to bulls as EUR/JPY rebounded from the uptrend’s lower border. If the pair exits from the current short-term consolidation with the following renewal of January high, this will trigger the pattern AB=CD. Its 127.2% target is at 138.00.

On H1, EUR/JPY is in the sustainable uptrend. A break for the triangle’s upper border moved bulls to the next goal. A successful test of resistance 136.10 creates grounds for continuation to the north.

More:
https://fbs.com/analytics/articles/eur-jpy-bulls-are-developing-an-attack-6312

 

[riki143]

USD/JPY Daily Analytics
07:36 18.01.2018
Recommendation:

BUY 112.10

SL 111.55

TP 113.00 TP2 114.30 TP3 115.00

On the daily chart, USD/JPY bulls managed to fight back bears and return the pair inside the previous downtrend channel. This increases buyers’ chances for revenge. To begin with, they need to take an important resistance of 111.65.

On H1, USD/JPY can for the Dragon’s head in line with the “Dragon” pattern in the 111.70-112.05 range. Only a confident break of the previous consolidation will allow bulls continue the rally.

More:
https://fbs.com/analytics/articles/usd-jpy-bulls-want-revenge-6313

 

[riki143]

EUR/USD Daily Analytics
08:13 18.01.2018
Technical levels: support – 1.2160, 1.2130; resistance – 1.2260.

Trade recommendations:

Buy — 1.2130; SL — 1.2110; TP1 — 1.20200; TP2 – 1.2260.
Reason: expanding bullish Ichimoku Cloud, rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen; the prices are on the support of Kijun-sen, but correction may continue to Cloud’s levels.

More:
https://fbs.com/analytics/articles/eur-usd-euro-supported-by-kijun-sen-6315