Market news and trade recommendations by FBS

[riki143]

USD/JPY Daily Analytics
12:35 06.03.2018

There's a bearish "Harami", which has been formed on the 21 Moving Average. So, the market is likely going to decline towards the nearest support area in the short term.

The last "Shooting Star" led to the current decline. Also, there's a pullback from the 89 Moving Average. Therefore, the price is likely going to decline in the coming hours.

More:
https://goo.gl/PqBT2d

 

[riki143]

USD/CHF Daily Analytics
07:44 07.03.2018
Recommendation:

SELL 0.9325 SL 0.938 TP1 0.9255 TP2 0.9220

BUY 0.9475 SL 0.9420 TP1 0.9610 TP2 0.9715 TP3 0.9780

On the daily chart of USD/CHF, bulls need to rise above resistance at 0.9475 and trigger the “Shark” pattern. This is a signal of their weakness. Currently, bulls and bears are fighting for 0.9380. The further face of franc depends on the result of this battle.

On H1, the decline of USD/CHF below support at 0.9340 and 0.9325 allows triggering the “Shark” pattern and AB=CD. Their 88.6% and 200% targets correspond to 0.9255 and 0.9220.

More:
https://goo.gl/8V4KU8

 

[riki143]

GBP/USD Daily Analytics
08:16 07.03.2018
Recommendation:

SELL 1.3975

SL 1.4030

TP1 1.3875 TP2 1.384 TP3 1.3795

On the daily chart, GBP/USD bulls are ready to make another attempt to test the upper border of the downtrend channel. If the pair managed to break above this line, an inverted “Shark” pattern with target at 88.6% will be triggered. On the other hand, a pullback will return the initiative to bears.

On H1, GBP/USD is fighting for 1.39. The inability of bulls to move above this level will point at their weakness. The risks of decline to 88.6% of the “Bat” will increase.

More:
https://goo.gl/UQuihg

 

[riki143]

EUR/USD Daily Analytics
07:53 07.03.2018
Technical levels: support – 1.2380, 1.2350; resistance – 1.2450, 1.2480.

Trade recommendations:

Sell — 1.2450; SL — 1.2480; TP1 — 1.2380; TP2 — 1.2350
Reason: narrowing bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising lines; the prices are in the positive area, but there is a strong resistance on 1.2450.

More:
https://goo.gl/JRbZWz

 

[riki143]

GBP/USD Daily Analytics
07:54 07.03.2018
Technical levels: support – 1.3820; resistance – 1.3930.

Trade recommendations:

Sell — 1.3870; SL — 1.3890; TP1 — 1.3820; TP2 — 1.3770.
Reason: narrowing bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen; a market reached the resistance of the Cloud’s bottom border.

More:
https://goo.gl/Hph98p

 

[riki143]

EUR/USD Daily Analytics
10:48 07.03.2018

The main trend is still bullish, but the pair faced with resistance at 1.2359, so there's consolidation. Nevertheless, it's likely that the market is going to continue moving up towards the next resistance at 1.2474 - 1.2509. If a pullback from this area happens little later on, there'll be a moment to have a decline.

The price is consolidating between the levels 1.2334 - 1.2391. It's likely that the pair is going to reach the closest support at 1.2391 - 1.2368. Meanwhile, if we see a pullback from these levels, bulls will probably try to test another resistance at 1.2434 - 1.2474.

More:
https://goo.gl/kmd8SS

 

[riki143]

GBP/USD Daily Analytics
10:50 07.03.2018

There's a "Double Top" pattern, which has been formed on the Moving Averages. So, we should keep an eye on the nearest support at 1.3856 - 1.3799 as the next bearish target. If a pullback from this area happens, we could have another upward price movement.

We've got two bearish "Thorn" patterns on the one-hour chart. Therefore, there's an opportunity to have a downward correction towards the closest support area at 1.3816 - 1.3799 in the short term.

More:
https://goo.gl/Axg2vz

 

[riki143]

EUR/USD Daily Analytics
12:55 07.03.2018

There's a "Three Methods" pattern, which has been confirmed. Also, there's no any reversal pattern, so the market is likely going to test the next resistance area. If a pullback from this zone happens little later on, there'll be a moment for a bearish correction.

We've got a bearish "Shooting Star" right under the upper "Window". In this case, there's an opportunity to have a local correction towards the nearest support, which could be a departure point for another bullish price movement.

More:
https://goo.gl/5ac2N5

 

[riki143]

USD/JPY Daily Analytics
12:57 07.03.2018

The 21 Moving Average has acted as resistance, so the price is declining. The main bearish target is the lower "Window". If a pullback from this level happens, we could have an upward correction afterwards.

There's a bullish "Hammer", so there's an opportunity to have a local upward correction. Meanwhile, if a pullback from the Moving Averages happens little later on, bears will probably try to deliver a new local low.

More:
https://goo.gl/k71eeR

 

[riki143]

AUD/USD Daily Analytics
06:30 08.03.2018
Technical levels: support – 0.7760; resistance – 0.7840

Trade recommendations:

Sell — 0.7820; SL — 0.7840; TP1 — 0.7760; TP2 — 0.7700.
Reason: bearish Ichimoku Cloud, but rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen; the prices are inside a Cloud and there is a strong resistance of Senkou Span B.

More:
https://goo.gl/Yx5JVa

 

[riki143]

USD/JPY Daily Analytics
06:32 08.03.2018
Technical levels: support – 105.80; resistance – 106.20.

Trade recommendations:

Sell — 105.70; SL — 105.90; TP1 — 105.00; TP2 — 104.50.
Reason: bearish Ichimoku Cloud with horizontal Senkou Span A and B; a new weak golden cross of Tenkan-sen and Kijun-sen, the lines are horizontal; the market is in consolidation near Tenkan-sen and Kijun-sen, but may continue downtrend.

More:
https://goo.gl/JBKQBy

 

[riki143]

EUR/JPY Daily Analytics
06:54 08.03.2018
Recommendation:

SELL 133.40 SL 133.95 TP1 132.40 TP2 131.30

SELL 134.20 SL 134.75 TP1 133.20 TP2 132.40 TP3 131.30

On the daily chart, EUR/JPY after reaching 113% target of the “Shark” made a natural pullback. Now it’s transforming into 5-0. Usually, correction towards 50% of the wave CD is used for selling.

On H1 of EUR/JPY, a break of resistance at 132 will trigger the “Shark” and increase the odds of the “Wolfe waves” pattern. The target of the later will allow finding a convergence area 134.15-134.3.

More:
https://goo.gl/caofvb

 

[riki143]

USD/JPY Daily Aalytics
07:03 08.03.2018
Recommendations:

SELL 106.8 SL 107.35 TP1 105.8 TP2 105.35 TP3 103.00

SELL 105.35 SL 105.90 TP1 104.35 TP2 103.35 TP3 103.00

On the daily chart of USD/JPY, there’s a sustainable downtrend. As long as the pair is below 107.9-108.2, bears are in control. A break of support at 105.35 will increase the risks of decline to 161.8% target of AB=CD and convergence area of 102.8-103.2.

On H1, the inability of bulls to keep the pair above the upper border of the triangle and reach 78.6% of the Gartley pattern is a signal for selling.

More:
https://goo.gl/87jBJ7

 

[riki143]

EUR/USD Daily Analytics
12:17 08.03.2018

There's a bearish "High Wave", which has been confirmed. So, the market is likely going to test the 55 Moving Average, which could be a departure point for another upward price movement.

The upper "Window" has acted as resistance, so the price is declining. The main intraday target is the 144 Moving Average. If a pullback from this line happens little later on, there'll be a moment for a bullish price movement.

More:
https://goo.gl/nJzqaK

 

[riki143]

USD/JPY Daily Analytics
12:18 08.03.2018

The 21 Moving Average is acting as resistance, but there's a "Morning Star" pattern, which has formed at the last low. So, we should keep an eye on the 55 MA, which could be a departure point for another decline.

There's a bullish "Tower" pattern, so the price is likely going to continue moving up. The main intraday target is the upper "Window", which could act as resistance.

More:
https://goo.gl/tkziqc

 

[riki143]

EUR/USD Daily Analytics
07:21 09.03.2018
Recommendation:

SELL 1.2295

SL 1.2350

TP1 1.2185 TP2 1.2090 TP3 1.1965

On the daily chart of EUR/USD, there’s a “Widening wedge” pattern. The inability of bulls to return the pair inside the uptrend channel pointed at their weakness and increase the risks of correction towards convergence area of 1.2055-1.2090 and 1.1935-1.1965.

On H1, EUR/USD keeps forming a “Widening wedge”. Pullbacks towards 61.8% and 50% of the wave 4-5 allowed to form short positions. To develop correction in that direction, at least to 88.6% target of the “Shark” pattern, the pair needs to break below support at 1.2295.

More;
https://goo.gl/SyWu25

 

[riki143]

EUR/GBP Daily Analytics
07:49 09.03.2018
Recommendation:

SELL 0.8885

SL 0.894

TP1 0.8825 TP2 0.8795 TP3 0.8745

On the daily chart, EUR/GBP keeps consolidating within “Spike and ledge” on the basis of 1-2-3. Bulls tried to break to its upper border near 0.9015 but were then pulled off to the starting positions. Currently, the pair is fighting for an important level of 38.2% of the bullish medium-term wave.

On H1, EUR/GBP bears got a chance to form the reversal pattern “Widening wedge”. If they use it, the risks of correction towards 50% and 61.8% of the last bullish wave and lower will increase.

More:
https://goo.gl/ZurGFV

 

[riki143]

EUR/USD Daily Analytics
11:07 09.03.2018

The main trend is still bullish, but there's a confirmed "Double Top" pattern, so the price is declining. The main intraday target is the nearest support at 1.2234 - 1.2205. If a pullback from these levels happens little later on, there'll be an opportunity to have another upward price movement.

All the Moving Averages have been broken, so the price is consolidating. It's likely that the pair is going to test the nearest resistance at 1.2327, which could be a departure point for another decline.

More:
https://goo.gl/MnXQJx

 

[riki143]

GBP/USD Daily Analytics
11:08 09.03.2018

Moving Averages have acted as resistance, so there's a "Double Top" pattern. Therefore, the market is likely going to test the next support at 1.3763 - 1.3711 in the short term. If a pullback from this area happens little later on, there'll be a moment for a bullish correction.

Bears faced with support at 1.3816, so there's a "Double Bottom" pattern, which has been confirmed. In this case, the pair is likely going to test the nearest Moving Averages, which could act as resistance. If so, we should keep an eye on the closest support at 1.3780 - 1.3754 as the next bearish target.

More:
https://goo.gl/hj9MTz

 

[riki143]

EUR/USD Daily Analytics
02:40 12.03.2018
El EUR/USD está teniendo una oleada vendedora que le está ayudando a consolidar la acción del precio por debajo de la media móvil de 200 horas. La resistencia de 1.2446 ha ayudado a producir un pullback en este par, que ahora está oscilando alrededor de una zona de demanda entre los niveles Fibonacci de 50% y 65% en 1.2300 y 1.2256 respectivamente.

En caso de que observemos un rebote sobre esa zona, es posible que el par vaya a ponerse en ruta hacia el nivel Fibonacci de -23.6% en 1.2515, en donde podríamos ver las liquidaciones de las órdenes de compra activadas tras haber impactado dicha área de demanda. El RSI se mantiene en territorio negativo, favoreciendo a los osos en el corto plazo.

More:
https://goo.gl/7829bA