• The Forex, Binary Options Forum - welcomes you to our Community!

    DigitalCashPalace Forum is dedicated to discussions about Forex, Binary Options, commodities, stocks related.

    Please take a look around, and feel free to .

Market analysis and trade recommendations by FBS

XAU/USD: BEARS WANT MORE
07:20 19.09.2017

Recommendation:

SELL $1302

SL $1317

TP1 $1379 TP2 $1268

On the daily chart, bears managed to pull the pair below $1320.4-1321.6 an ounce. A break of the lower border of the uptrend channel will strengthen the risks of a pullback towards $1279 and $1268. On the other hand, recoil from support at $1302 will create grounds for consolidation in the $1300-1350 area.

1505805563-20c6ebb86722ac92f8a505b7903a964b_1200x1200_q90v3.png


On H1, XAU/USD has reached the targets of “Spike and reversal with acceleration”. Correction towards targets at 88.6% and 113% of the Shark pattern continues.

1505805577-e12a637cc937326a9c7981d6dfc46909_1200x1200_q90v3.png


More:
https://fbs.com/analytics/articles/xau-usd-bears-want-more-3813
 
EUR/USD: "PENNANT" LED TO BULLISH RALLY
09:53 19.09.2017

1505814742-6382527a604810a3bb0180c4d0afde3e_1200x1200_q90v3.png


The 34 Moving Average has acted as support, so the price is rising. So, we should keep an eye on the next resistance at 1.2029 - 1.2042 as an intraday target. If a pullback from this area arrives little later on, there'll be an opportunity to have a bearish correction.

1505814742-35c6d680126daa6b5d825229b1eab747_1200x1200_q90v3.png


The last "Pennant" pattern led to another bullish rally, so the pair is likely going to reach the nearest resistance at 1.2029 - 1.2042. However, if we see a pullback from these levels, bears will try to test the closest support at 1.1941 - 1.1934 shortly.

More:
https://fbs.com/analytics/articles/eur-usd-pennant-led-to-bullish-rally-3822
 
GBP/USD: BEARISH "DOUBLE TOP"
09:56 19.09.2017

1505814742-915f44cfbf6b5ec92f072d0b881c4072_1200x1200_q90v3.png


We've got a bearish "Double Top", which has been confirmed, so the price reached the nearest support at 1.3497. Nevertheless, the market is likely going to test the next support at 1.3444 - 1.3374 in the coming hours. If a pullback from this area happens, we could have just another upward price movement.

1505814742-f977624c6a87bec959f4bc8ee041e61b_1200x1200_q90v3.png


The 34 Moving Average has acted as support, so there's a local bullish price movement, which could turn out to be a "Flag" pattern. If so, there'll be an opportunity to have a decline towards the 55 MA.

More:
https://fbs.com/analytics/articles/gbp-usd-bearish-double-top-3823
 
EUR/USD: 89 MA ACTED AS SUPPORT
14:15 19.09.2017

1505830448-a77343ceb03ea671ad9260b6f6fde24f_1200x1200_q90v3.png


The 89 Moving Average has acted as support, so we've got a "Shooting Star", but this pattern remains unconfirmed. So, the price is likely going to continue moving up towards the next "Window".

1505830449-bbe1065deeb0a51fa2e0cf94640a8c08_1200x1200_q90v3.png


We've got a "High Wave", which has been confirmed. In this case, we're likely going to have a local decline towards the 34 Moving Average, which could be a departure point for another upward price movement.

More:
https://fbs.com/analytics/articles/eur-usd-89-ma-acted-as-support-3831
 
USD/JPY: "TWEEZERS" AND "HARAMI"
14:17 19.09.2017

1505830449-f7e6bb920117039d11f07222dd88c56b_1200x1200_q90v3.png


The last bearish "Shooting Star" hasn't been confirmed yet. So, we could have a local decline in the short term and another bullish price movement afterwards.

1505830449-574312958e80c916acddd8ff9e7a398c_1200x1200_q90v3.png


We've got bearish patterns such a "Tweezers" and a "Harami", which both have confirmation. Therefore, the market is likely going to test the 34 Moving Average in the short term. If a pullback from this line happens, we could have just another upward price movement.

More:
https://fbs.com/analytics/articles/usd-jpy-tweezers-and-harami-3832
 
USD/CHF: BULLS ARE STUBBORN
05:28 20.09.2017

Recommendation:

BUY 0.965

SL 0.9495

TP1 0.9745 TP2 0.9785

On the daily chart, bulls are still hoping to form a “Dragon” pattern. The first step will be the pair’s exit out of the short-term consolidation range between 0.9575 and 0.9650. The second step will be a successful attack on diagonal resistance. Only if these 2 conditions are met, USD/CHF will get a chance to rise to 0.9785 and higher.

1505885237-083795b321e38920c618c02f6224a646_1200x1200_q90v3.png


On H1, USD/CHF is forming the “Dragon’s head”. To complete it, it needs to overcome resistance at 0.9650. In this case, the activation of AB=CD with the target at 161.8% will become more likely.

1505885263-351a015a31e5fdb2fee97b43bc66aebc_1200x1200_q90v3.png


More:
https://fbs.com/analytics/articles/usd-chf-bulls-are-stubborn-3843
 
GBP/USD: BULLS MADE A STOP
05:35 20.09.2017

Recommendation:

BUY 1.357 SL 1.3515

TP 1.367, SELL 1.3465

SL 1.352 TP1 1.34 TP2 1.3325

On the daily chart, GBP/USD formed an inside bar. It points at the indecisiveness of market players. A break of the inside bar’s low together with the formation of “Three Indians” pattern will strengthen the risks of a pullback towards 1.34, 1.33 and 1.3265.

1505885660-b6b56ed02b1869ac79ae2067aff9ca74_1200x1200_q90v3.png


On H1, GBP/USD is consolidating in the 1.3465-1.3570 area in line with “Spike and ledge” pattern. A successful test of its upper border will open the way to the north. On the other hand, a break of support at 1.3465 will increase the risks of correction to 1.3400-1.3420 and 1.3300-1.3325.

1505885684-2cf183d9aa99dd882e50bd88c66a58cb_1200x1200_q90v3.png


More:
https://fbs.com/analytics/articles/gbp-usd-bulls-made-a-stop-3844
 
EUR/USD: "DOUBLE TOP" PATTERN
10:47 20.09.2017

1505904393-42c78f6a30299c16f43567b52bc949ee_1200x1200_q90v3.png


Bulls faced with resistance at 1.2029, so the price is likely going to decline towards the nearest support area at 1.2003 - 1.1975 in the short term. If a pullback from this area happens, there'll be an opportunity to have an upward price movement towards the next resistance at 1.2042 - 1.2059.

1505904393-62afa33ea66b8d8f1b3fc0715d6e3ef5_1200x1200_q90v3.png


We've got a "Double Top" pattern, which has been confirmed. So, bears are likely going to test the closest support at 1.1975. However, if we have a pullback from this level, bulls will try to reach another resistance at 1.2029 - 1.2042.

More:
https://fbs.com/analytics/articles/eur-usd-double-top-pattern-3854
 
GBP/USD: DEVELOPING "PENNANT" PATTERN
10:49 20.09.2017

1505904393-f8c755418f34c1cddbfaec83c91901ab_1200x1200_q90v3.png


There's a "Double Top", which has been confirmed, so the price is consolidating. The main intraday target is the nearest support at 1.3444. If we have a pullback from this level, there'll be an option to have a bullish price movement towards the closest resistance at 1.3652 - 1.3681.

1505904393-3030a6ea4fdd0574f5e0029bf17976ae_1200x1200_q90v3.png


The price is consolidating between the levels 1.3479 - 1.3532. Also, there's a developing "Pennant" pattern. In this case, bears are likely going to achieve the 55 Moving Average, which could be a departure point for another bullish rally.

More:
https://fbs.com/analytics/articles/gbp-usd-developing-pennant-pattern-3855
 
EUR/USD: BEARISH "SHOOTING STAR"
12:21 20.09.2017

1505910029-44ed1c5623da967e39606b41b8f30bcc_1200x1200_q90v3.png


There's a reversal "Doji" pattern, which hasn't been confirmed yet. Therefore, the market is likely going to test the 34 Moving Average in the short term. If a pullback from this line happens, we could have another upward price movement.

1505910029-cd0e303daaef4f757dad56abcf858cab_1200x1200_q90v3.png


We've got a bearish "Shooting Star", but confirmation of this pattern is quite weak. So, we should keep an eye on 55 Moving Average as an intraday target. If this MA acts as support, bulls are likely going to deliver a new local high.

More:
https://fbs.com/analytics/articles/eur-usd-bearish-shooting-star-3856
 
USD/JPY: BEARS GOING TO TEST NEAREST "WINDOW"
12:23 20.09.2017

1505910029-d2b3bb7ba8384a6b510621d813948f56_1200x1200_q90v3.png


There are a "Shooting Star" and a "Harami" patterns, which both have been confirmed enough. In this case, bears are likely going to test the nearest "Window", which could be a departure point for another upward price movement.

1505910029-3e1207ca2e0e849afa4c15d6fa5e8e66_1200x1200_q90v3.png


The price reached the 34 Moving Average, so there's an opportunity to have a local bullish correction. However, bears are likely going to test the 89 MA afterwards, which could act as support.

More:
https://fbs.com/analytics/articles/usd-jpy--bears-going-to-test-nearest-window-3857
 
EUR/USD: POSSIBLE WEDGE IN WAVE
13:18 20.09.2017

1505913466-3f904c458804e26d6cc829ba862f782d_1200x1200_q90v3.png


We've got a pullback from 5/8 MM Level, so wave 4 has been ended. The price is rising, so we could have a bullish impulse in wave 5. The main intraday target is 8/8 MM Level.

1505913466-4cb6273a51174c1f2813258c06c143d9_1200x1200_q90v3.png


There's a possible wedge, which could be wave , so bears are likely going to deliver wave [ii] during the day. If a pullback from 4/8 MM Level happens little later on, there'll be an opportunity to have wave [iii] of 5.

More:
https://fbs.com/analytics/articles/eur-usd-possible-wedge-in-wave-i-3859
 
EUR/USD: DEVELOPING DOUBLE ZIGZAG
07:07 21.09.2017

1505977552-30425fa6b9d239155ec0e640671970f6_1200x1200_q90v3.png


Wave 4 turned out to be bigger, so 5/8 MM Level is likely going to be tested once again. If a pullback from this level arrives later on, there'll be an opportunity to have wave 5. In this case, we should keep an eye on 8/8 MM Level as an intraday target.

1505977553-e351b54669599f400702d859e6800bab_1200x1200_q90v3.png


It seems like wave 4 is taking the form of a double zigzag. The last decline could be wave (a) of [y], so bulls are likely going to deliver wave (b) during the day. Nevertheless, we could have another bearish impulse in wave (c) of [y] of 4 afterwards.

More:
https://fbs.com/analytics/articles/eur-usd-developing-double-zigzag-3879
 
EUR/JPY: BULLS FULFILLED THEIR MISSION
07:43 21.09.2017

Recommendation:

SELL 133.25

SL 133.8

TP 132.3

On H1, EUR/JPY reached 161.8% target of the junior and senior AB=CD patterns. This increases the risks of a pullback to the uptrend. Never the less, as long as the pair’s inside the uptrend channel, bulls remain in control of the situation.

1505979689-151f939c6df1fdb4a28b3d5785d898f1_1200x1200_q90v3.png


On H1, EUR/JPY is forming a “widening wedge” pattern. Its end together with the break of support at 133.25 will open the way south towards 23.6% and 38.2% correction levels of the last bullish wave.

1505979755-b35d7fb0c22de42ad09055593ba2f9a4_1200x1200_q90v3.png


More:
https://fbs.com/analytics/articles/eur-jpy-bulls-fulfilled-their-mission-3881
 
USD/JPY: BULLS ARE BREAKING OBSTACLES
07:53 21.09.2017

Recommendations:

BUY 112.1 SL 111.55 TP1 113.3 TP2 113.85

BUY 111.85 SL 111.3 TP1 112.85 TP2 113.3

On the daily chart, USD/JPY keeps going north towards 88.6% target of the “Shark” pattern. Bulls showed their strength by managing to conquer resistance at 112.07. Currently it is acting as support.

1505980299-5a117e210f07e8a06e5a07b2ea892b01_1200x1200_q90v3.png


On the daily chart, USD/JPY reached the targets of the “Widening wedge”. The pair is trading within the uptrend channel. This means that bulls are in control of the pair. Pullbacks towards 112.10 and 111.85 can be used for forming long positions.

1505980343-1f50b4d918123f905c31c70a9dfda50a_1200x1200_q90v3.png


More:
https://fbs.com/analytics/articles/usd-jpy-bulls-are-breaking-obstacles-3882
 
EUR/USD: BEARISH "PENNANT"
09:37 21.09.2017

1505986618-3961eac364cacc2a3350c2213190d0ee_1200x1200_q90v3.png


We've got a "Triple Top", so the market has plunged. In this case, we should keep an eye on the next support at 1.1837 - 1.1822 as an intraday target. If a pullback from this area happens, we could have an upward correction in the direction of the 89 Moving Average.

1505986618-fa39e2fdf88aa6431bd7714a767d395b_1200x1200_q90v3.png


We've got a "Pennant", so the pair is likely going to test the closest resistance at 1.1907 during the day. However, if we have a pullback from this area, there'll be an opportunity to have another decline towards the next support at 1.1975 - 1.1822.

More:
https://fbs.com/analytics/articles/eur-usd-bearish-pennant-3886
 
GBP/USD: 55 MA ACTED AS SUPPORT
09:40 21.09.2017

1505986618-9fc4a9c3570be455bc567034d26ac47e_1200x1200_q90v3.png


There's a "Double Top", but the price is consolidating. It's likely that bears are going to reach the nearest support at 1.3374. Meanwhile, if we have a pullback from this level, bulls will probably try to reach the closest resistance afterwards.

1505986619-bf8d1571c3784e248056efb7d4b69be8_1200x1200_q90v3.png


The 55 Moving Average has acted as support, so the price is consolidating. Also, we've got a developing bearish "Flag" pattern. In this case, bulls are likely going to test the nearest resistance at 1.3532 - 1.3550. If a pullback from these levels arrives later on, there'll be an opportunity to have a bearish price movement towards the 89 Moving Average.

More:
https://fbs.com/analytics/articles/gbp-usd-55-ma-acted-as-support-3887
 
EUR/USD: BULLISH "HIGH WAVE"
11:20 21.09.2017

1505992788-417d3a51a29adc234fc41093ce46e8cf_1200x1200_q90v3.png


The 89 Moving Average has acted as support, so we've got a "High Wave" pattern, which was confirmed. So, we could have an upward correction and a decline afterwards.

1505992787-bec6ea92f9c51638839328799c2bd2a9_1200x1200_q90v3.png


There's a bullish "High Wave", which has been confirmed. In this case, the market is likely going to test the nearest "Window". If a pullback from this level happens, bears will try to deliver a new local low.

More:
https://fbs.com/analytics/articles/eur-usd-bullish-high-wave-3894
 
USD/JPY: BEARISH "HARAMI"
11:24 21.09.2017

1505992788-ef9defc7766f56b6b9b02c4e839f3d2c_1200x1200_q90v3.png


We've got a "Shooting Star", but this pattern hasn't been confirmed yet. So, we could have a local downward correction. If any bullish pattern arrives afterwards, there'll be an opportunity to have another upward price movement.

1505992788-8316c325d5754bd7154d599c3990aab4_1200x1200_q90v3.png


There's a bearish "Harami", which has been confirmed enough. However, we could have a local upward correction in the short term. Nevertheless, bears are likely going to test the 55 Moving Average later on.

More:
https://fbs.com/analytics/articles/usd-jpy-bearish-harami-3896
 
GBP/USD: POSITIVE SENTIMENTS RETURNED TO MARKET
06:30 22.09.2017

Technical levels: support – 1.3550; resistance – 1. 3650.

Trade recommendations:

Buy — 1.3550; SL — 1.3530; TP1 — 1.3650; TP2 — 1.3700.
Reason: expanding bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a cancelled golden cross of Tenkan-sen and Kijun-sen, the lines are horizontal; the Bulls are gaining the strength and returned the prices above Kijun-sen.

1506061798-5838ef800660551113de2aff99712827_1200x1200_q90v3.png


More:
https://fbs.com/analytics/articles/gbp-usd-positive-sentiments-returned-to-market-3908
 
Top