Market analysis and trade recommendations by FBS

[riki143]

EUR/USD: BULLS WANT TO ATTACK
08:07 15.09.2017

Recommendation:

BUY 1.1825 SL 1.177 TP1 1.1925 TP2 1.206

BUY 1.1925 SL 1.187 TP1 1.206 TP2 1.2155

On the daily chart, EUR/USD reached targets of “Three Indians”. If bulls fail to keep the pair above 1.1910, the odds of decline towards the lower border of the long-term uptrend channel and 88.6% target of the “Shark” pattern will increase.

On H1, a break below support at 1.1825 will create a ground for reaching 88.6% target of the “Shark” pattern. On the other hand, successful test of resistance at 1.1925 and the quote’s leaving the uptrend channel will be a signal of the new bullish attack.

More:
https://fbs.com/analytics/articles/eur-usd-bulls-want-to-attack-3748

 

[riki143]

EUR/GBP: BEARS ORGANIZED A REVERSAL
08:20 15.09.2017
Recommendation:

BUY 0.899

SL 0.8935

TP 0.907 TP2 0.92 TP3 0.93

On the daily chart, EUR/GBP formed “Spike and reversal with acceleration” pattern. A break of trendlines allowed bears to develop a correction towards 0.8765-0.8810. In that area, there’s a target of the “Shark” pattern and 50% level of the last long-term bullish wave.

On H1, EUR/GBP reached 261.8% target of AB=CD, that increases the risks of a pullback. At the same time, resistance at 0.8980-0.8985 looks very serious. Only in case of its successful test, bulls will get hope for the resumption of the long-term uptrend.

More:
https://fbs.com/analytics/articles/eur-gbp-bears-organized-a-reversal-3750

 

[riki143]

EUR/USD: ON SSB’S SUPPORT
08:23 15.09.2017

Technical levels: support – 1.1880; resistance – 1.1970, 1.2000.

Trade recommendations:

Buy — 1.1920; SL — 1.1900; TP1 — 1.1970; TP2 – 1.200.
Reason: narrow bullish Ichimoku Cloud with rising Senkou Span B; a dead cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices are found the support of Senkou Span B and the Bulls may go to upper bounds of the Cloud.

More:
https://fbs.com/analytics/articles/eur-usd-on-ssb’s-support-3751

 

[riki143]

AUD/USD: AUSSIE CONTINUED CONSOLIDATION IN CLOUD
08:24 15.09.2017

Technical levels: support – 0.7965, 0.7985; resistance – 0.8040, 0.8070.

Trade recommendations:

Buy — 0.8000; SL — 0.7980; TP1 — 0.8040; TP3 — 0.8070.
Reason: narrowing bullish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the market supported by Senkou Span B.

More:
https://fbs.com/analytics/articles/aud-usd-aussie-continued-consolidation-in-cloud-3753

 

[riki143]

EUR/USD: "THORN" PATTERN
10:32 15.09.2017

The 89 Moving Average has acted as support, so we've got a "Thorn" pattern on this line. Therefore, the price is consolidating between the 34 & 55 Moving Averages. So, the market is likely going to continue moving up towards the next resistance at 1.1975 - 1.2003. If a pullback from this area happens, we could have a decline in the direction of the nearest support at 1.1909 - 1.1892.

Bears faced with support at 1.1850, so there's a "Thorn" pattern, which pushed the price to resistance at 1.1925. In this case, the market is likely going to reach another resistance at 1.1975 - 1.2003 during the day. However, if we have a pullback from these levels, bears will probably try to catch the closest support at 1.1907 - 1.1892.

More:
https://fbs.com/analytics/articles/eur-usd-thorn-pattern-3759

 

[riki143]

GBP/USD: BROKEN "FLAG"
10:35 15.09.2017

The last "Double Bottom" led to the massive bullish rally, but bulls faced with resistance at 1.3444. Nevertheless, the price is likely going to continue moving up towards the next resistance at 1.3479, which could be a departure point for a bearish correction.

The last "Flag" pattern has been broken, so the price is rising. The main bullish target is the closest resistance at 1.3444 - 1.3479. If a pullback from this area happens little later on, there'll be an opportunity to have a downward correction.

More:
https://fbs.com/analytics/articles/gbp-usd-broken-flag-3760

 

[riki143]

EUR/USD: BULLISH "HAMMER" ON 89 MA
11:14 15.09.2017

We've got a bullish "Hammer" on the 89 Moving Average, but the price faced with the nearest resistance. So, the market is likely going to test the 89 Moving Average, which could be a departure point for another upward price movement.

The last "Window" has been broken, so the pair is likely going to achieve the nearest resistance area. If any bearish pattern arrives little later on, there'll be an opportunity to have just another bearish price movement.

More:
https://fbs.com/analytics/articles/eur-usd-bullish-hammer-on-89-ma-3761

 

[riki143]

USD/JPY: BULLS WENT THROUGH THE "WINDOW"
11:16 15.09.2017

The 55 Moving Average has acted as support once again, so there's a "Hammer" on this line. Considering confirmation of this pattern, the market is likely going to continue moving up towards the next "Window".

Bulls went through the "Window" and there isn't any reversal pattern so far. However, we could have a local bearish correction during the day. Nevertheless, the price is likely going to climb even higher afterwards.

More:
https://fbs.com/analytics/articles/usd-jpy-bulls-went-through-the-window-3762

 

[riki143]

EUR/USD: 0/8 MM LEVEL HAS ACTED AS SUPPORT
11:33 15.09.2017

There's a pullback from 5/8 MM Level, so wave 4 may have been formed. In this case, we could have another bullish impulse in wave 5. The main intraday target is 8/8 MM Level.

0/8 MM Level has acted as support, so the price is rising. It seems like we're going to have an upward impulse in wave in the coming hours. If a pullback from 5/8 MM Level arrives little later on, there'll be an opportunity to have a local bearish correction.

More:
https://fbs.com/analytics/articles/eur-usd-0-8-mm-level-has-acted-as-support-3765

 

[riki143]

NZD/USD: KIWI IS RESUMING TREND
07:17 18.09.2017

Recommendation:

BUY 0.7305

SL 0.725

TP1 0.745 TP2 0.7505

On the daily chart, NZD/USD is forming 5-0 senior pattern and the junior “Bat” pattern. Triggering of the latter will increase the risks of continuation towards 88.6%.

On H1, NZD/USD reached targets of the “Widening wedge”. The level of 88.6% of the wave 4-5 (previous buying point) is acting as support. There’s 23.6% level of the wave CD of the inverted “Shark” pattern. Inability of bears to lower the pair below this important support will be a reason for long positions.

More:
https://fbs.com/analytics/articles/nzd-usd-kiwi-is-resuming-trend-3778

 

[riki143]

AUD/USD IS SETTING A TRAP
07:41 18.09.2017

Recommendation:

SELL 0.8055

SL 0.811

TP1 0.802 TP2 0.8005

On the daily chart, bulls managed to defend support in the form of the upper border of the triangle and lower border of the uptrend medium-term channel. This increases the chance that the bullish trend will resume towards 200% target of AB=CD.

On H1, AUD/USD has many chances to reach the targets of the “Shark” pattern. When it gets to 113% target, there may be selling, however, with moderate targets. When the pair reaches these targets, bulls will likely regain the initiative.

More:
https://fbs.com/analytics/articles/aud-usd-is-setting-a-trap-3779

 

[riki143]

EUR/USD: "V-BOTTOM" PATTERN
09:00 18.09.2017

Bulls faced with resistance at 1.1994, so we've got a "V-Bottom" pattern, which pushed the price to the 34 Moving Average. Therefore, the market is likely going to decline towards the nearest support area at 1.1909 - 1.1892. If we have a pullback from these levels, bulls will probably try to test the closest resistance at 1.2029 - 1.2042.

The price is consolidating under resistance at 1.1949. So, the pair is likely going to reach the next support at 1.1907 - 1.1892 in the short term. Meanwhile, if a pullback from this area arrives little later on, there'll be an opportunity to have an upward price movement in the direction of the nearest resistance at 1.1975 - 1.2003.

More:
https://fbs.com/analytics/articles/eur-usd-v-bottom-pattern-3786

 

[riki143]

GBP/USD: BULLISH "FLAG"
09:02 18.09.2017

The price faced with resistance at 1.3653, so there's a consolidation. In this case, bulls are likely going to reach the closest resistance at 1.3652 - 1.3681 soon. However, if a pullback from this area happens, we could have a decline towards the next support at 1.3533.

There's a consolidation, which is taking place on the one hour chart. Also, we've got a bullish "Flag", so the pair is likely going to test the nearest support at 1.3532 during the day. If a pullback from this level happens, there'll be an option to have an upward price movement towards another resistance at 1.3652 - 1.3681.

More:
https://fbs.com/analytics/articles/gbp-usd-bullish-flag-3787

 

[riki143]

EUR/USD: BROKEN "WINDOW"
11:11 18.09.2017

We've got a "Tweezers" and a "Harami", but confirmation of both patterns is quite weak. So, we could have a local upward price movement and a decline towards the Moving Averages afterwards.

The last "Window" has been broken. Also, there isn't any reversal pattern so far, which means the price is likely going to continue moving up. If any bearish pattern arrives later on, there'll be an opportunity to have another decline.

More:
https://fbs.com/analytics/articles/eur-usd-broken-window-3793

 

[riki143]

USD/JPY: BULLISH "HAMMER"
11:13 18.09.2017

We've got a bullish "Hammer", which has been confirmed. So, just after the local correction, the market is likely going to continue rising towards the nearest resistance area.

There are bearish patterns such a "Tweezers" and an "Engulfing", but both of them haven't been confirmed yet. In this case, the pair is likely going to test the 34 Moving Average in the short term. If a pullback from this line happens, we could have another bullish rally.

More:
https://fbs.com/analytics/articles/usd-jpy-bullish-hammer-3794

 

[riki143]

EUR/USD: 0/8 MM LEVEL ACTED AS SUPPORT
12:37 18.09.2017

We've got a pullback from 5/8 MM Level, so wave 4 has been finished. In this case, we could have another bullish impulse in wave 5 in the short term. The main intraday target is 8/8 MM Level.

0/8 MM Level acted as support, so there's an upward impulse in wave . The price couldn't fixate below 3/8 MM Level, so wave [ii] may have been formed. Therefore, bulls are likely going to deliver wave [iii] in the coming hours.

More:
https://fbs.com/analytics/articles/eur-usd-0-8-mm-level-acted-as-support-3796

 

[riki143]

EUR/USD: BULLS GOING TO DELIVER REST OF WAVE 5
05:14 19.09.2017

The price has been rising since a pullback from 5/8 MM Level happened. If the pair fixates above 6/8 MM Level, bulls are likely going to deliver the rest of wave 5. In this case, we should keep an eye on 8/8 MM Level as the next target.

3/8 MM Level has acted as support, so the price is rising. It seems like we're going to have an extension in wave [iii] of 5. In this case, wave (iii) is going to move on towards 8/8 MM Level in the short term.

More:
https://fbs.com/analytics/articles/eur-usd-bulls-going-to-deliver-rest-of-wave-5-3810

 

[riki143]

USD/CAD: BULLS DECIDED TO COUNTERATTACK
07:32 19.09.2017

Recommendation:

SELL 1.242

SL 1.2475

TP1 1.232 TP2 1.2185

On the daily chart, USD/CAD pulled back after reaching the 200% target of AB=CD. If bulls manage to get to resistance at 1.2310, the road to the upper border of the uptrend channel will be open.

On H1, USD/CAD is forming “Spike with reversal and acceleration”. Without a break of the trendline in the area of 1.2150, resumption of the downtrend is not possible. The inability of bulls to overcome resistance at 1.2340 and 1.2420 will point at their weakness.

More:
https://fbs.com/analytics/articles/usd-cad-bulls-decided-to-counterattack-3814

 

[riki143]

EUR/USD: BULLS RETURNED INTO MARKET
08:17 19.09.2017

Technical levels: support – 1.1960; resistance – 1.2000, 1.2090.

Trade recommendations:

Buy — 1.1960; SL — 1.1940; TP1 — 1.2000; TP2 – 1.2090.
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 breaking out the upper bound of the Cloud and may going higher.

More:
https://fbs.com/analytics/articles/eur-usd-bulls-returned-into-market-3817

 

[riki143]

GBP/USD: POUND IS OVERBOUGHT
08:18 19.09.2017

Technical levels: support – 1.3400; resistance – 1. 3575.

Trade recommendations:

Sell — 1.3575; SL — 1.3595; TP1 — 1.3500; TP2 — 1.3475.
Reason: expanding bullish Ichimoku Cloud, rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with the rising Tenkan-sen; but the market is overbought – waiting for the correction.

More:
https://fbs.com/analytics/articles/gbp-usd-pound-is-overbought-3818