Market analysis and trade recommendations by FBS

[riki143]

EUR/USD Daily Analytics
07:22 10.11.2017

Recommendation: out of market

On the daily chart, the pair’s fate will depend on bulls’ ability to move the price towards resistance at 1.1695. In case of failure, the risk of reaching 200% target of AB=CD with the following formation of “Wolfe waves” pattern will increase. A break of resistance will create a ground for euro’s advance to $1.1750 and $1.1880. At these levels positions of sellers are strong.

On H1, the end of forming a “Widening wedge” doesn't guarantee a fast move through the diagonal resistance close to 1.1750. If bulls manage to conquer it, risks of realization of 113% target of the “Shark” pattern will increase.

More:
https://fbs.com/analytics/articles/eur-usd-no-one-wanted-to-give-up-4999

 

[riki143]

EUR/GBP Daily Analytics
07:44 10.11.2017

Recommendation:

BUY 0.8940

SL 0.8885

TP1 0.9040 TP2 0.9100

On the daily chart, EUR/GBP is trying to break out of the medium-term descending channel. This is a bullish signal. Formation of the “Double bottom” pattern points at the uptrend’s resumption.

On H1, a break of resistance at 0.8940 and triggering of an inverted “Ideal butterfly” will increase the odds of reaching a 127.2% target. At the same time, in case of the break of 88.6% of the wave 4-5 a “Widening wedge” will be formed.

More:
https://fbs.com/analytics/articles/eur-gbp-bulls-are-restoring-authority-5000

 

[riki143]

GBP/USD Daily Analytics
08:57 10.11.2017

The price is consolidating under the 34 Moving Average. There isn't any reversal pattern, so we should keep an eye on the 89 MA as the next bullish target. If a pullback from this line arrives little later on, bears will probably try to deliver just another decline.

The 34 Moving Average is acting as support. Also, there's a bullish "Pennant" pattern, so the pair is likely going to reach the nearest resistance area at 1.3182 - 1.3205 during the day. If we see a pullback from these levels afterwards, there'll be a moment to have a downward price movement.

More:
https://fbs.com/analytics/articles/gbp-usd-34-moving-average-acting-as-support-5006

 

[riki143]

EUR/USD Daily Analytics
08:54 10.11.2017

The 34 Moving Average has acted as resistance, so the price is consolidating. Meanwhile, the market is likely going to reach the next resistance at 1.1668 - 1.1695. If a pullback from these levels happens, we could have another decline towards the closest support at 1.1615 - 1.1582.

There's a "Pennant" pattern, so bulls are likely going to test the nearest resistance at 1.1668 - 1.1689 during the day. However, if a pullback from these levels happens, there'll be an opportunity to have a bearish price movement in the direction of another support at 1.1615 - 1.1601.

More:
https://fbs.com/analytics/articles/eur-usd-bullish-pennant-pattern-5005

 

[riki143]

EUR/USD Daily Analytics
12:33 10.11.2017

There isn't any reversal pattern, so the price is still rising. The main intraday target is the 89 Moving Average, which could be a departure point for another decline.

The 89 Moving Average has acted as support, so we've got a "High Wave" pattern, which was confirmed. In this case, the market is likely going to continue rising until any bearish pattern arrives.

More:
https://fbs.com/analytics/articles/eur-usd-high-wave-pattern-5008

 

[riki143]

USD/JPY Daily Analytics
12:36 10.11.2017

There's a bullish "Harami", but confirmation of this pattern is a quite weak. So, if a pullback from the nearest resistance happens little later on, we could have just another decline.

The price is consolidating under the lower "Window". Previously, we have a bullish "Doji" pattern, which pushed the price higher. It seems like we're about to have another test of the Moving Averages, which could be a departure point for a decline towards the next "Window".

More:
https://fbs.com/analytics/articles/usd-jpy-bullish-harami-5009

 

[riki143]

NZD/USD Daily Analytics
06:47 13.11.2017
Registration:

BUY 0.7000

SL 0.6945

TP 0.7105

On the daily chart, NZD/USD is consolidating between 0.6820-0.7000 (October low and the lower border of the uptrend trade channel). A break of resistance at 0.7000 will return bulls’ hope for resuming the uptrend. On the other hand, successful test of support at 0.6820 will increase the risks of going to 127.2% and 161.8% targets of “Crab” pattern

On H1, aggressive market entries imply getting in on the break of the 0.6905-0.6990 range. According to the conservative approach, it’s necessary to wait for a break of a wider trading range 0.6820-0.7000.

More:
https://fbs.com/analytics/articles/nzd-usd-kiwi-found-a-place-for-breakfast-5027

 

[riki143]

AUD/USD Daily Analytics
06:56 13.11.2017
Recommendation:

BUY 0.7695 SL 0.764 TP 0.7805

SELL 0.762 SL 0.7675 TP 0.75

On the daily chart, AUD/USD keeps consolidating within 0.7620-0.7735. A break of its upper border will open the way up to 0.7805-0.7820, 0.7860 and higher. On the other hand, successful test of support at 0.7620 will increase the odds of 113% target of the “Shark” pattern.

On H1, AUD/USD keeps forming “Wolfe waves” pattern. Aggressive entry implies long positions on the break of resistance at 0.7695. According to a conservative approach, one should wait for a test of diagonal resistance and (or) formation of the point 5 of the pattern “Widening wedge”.

More:
https://fbs.com/analytics/articles/aud-usd-aussie-is-going-for-a-break-5028

 

[riki143]

AUD/USD Daily Analytics
08:03 13.11.2017
Technical levels: support – 0.7640; resistance – 0.7670

Trade recommendations:

Sell — 0.7630; SL — 0.7650; TP1 — 0.7570; TP2 — 0.7530.
Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A and B; an irregular golden cross of Tenkan-sen and Kijun-sen, falling Kijun-sen; the prices returned into the negative area and may continue falling down.

More:
https://fbs.com/analytics/articles/aud-usd-aussie-may-continue-downtrend-5031

 

[riki143]

USD/JPY: DOLLAR SUPPORTED BY SENKOU SPAN B
08:04 13.11.2017
Technical levels: support – 113.00; resistance – 113.60, 114.00.

Trade recommendations:

Buy — 113.50; SL — 113.30; TP1 — 114.00; TP2 — 114.40.
Reason: bullish Ichimoku Cloud, but falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen; the prices are supported by Senkou Span B and may return to upper border of a Cloud.

More:
https://fbs.com/analytics/articles/usd-jpy-dollar-supported-by-senkou-span-b-5032

 

[riki143]

EUR/USD Daily Analytics
09:20 13.11.2017

The 34 Moving Average has acted as resistance, so there's a "Thorn" pattern. In this case, we could have a decline towards the nearest support area at 1.1634 - 1.1615. If a pullback from this area happens, bulls will probably try to reach another resistance at 1.1668 - 1.1695.

We've got a "Thorn" pattern, so the market is consolidating. It's likely that the pair is going to achieve the next support at 1.1615 in the coming hours. However, if a pullback from this level happens little later on, there'll be an opportunity to have an upward price movement towards the closest resistance at 1.1689 - 1.1695.

More:
https://fbs.com/analytics/articles/eur-usd-thorn-pattern-5035

 

[riki143]

GBP/USD Daily Analytics
09:23 13.11.2017

The last "Thorn" pattern has been confirmed by the "Breakaway Gap". So, the market is likely going to test the nearest support area 1.3087 - 1.3069. If we see a pullback from these levels, we should keep an eye on the next resistance at 1.3150 - 1.3182 as an intraday target.

There's a new "Breakaway Gap", which was formed this morning. The main bearish target is the next support area at 1.3080 - 1.3074, which could be a departure point for a bullish price movement in the direction of another resistance at 1.3182 - 1.3105.

More:
https://fbs.com/analytics/articles/gbp-usd-new-breakaway-gap-5036

 

[riki143]

EUR/USD Daily Analytics
11:13 13.11.2017

The 55 Moving Average is acting as resistance, so we've got a "Shooting Star" on this line. However, confirmation of this pattern is a quite weak, so we could have just a local bearish correction. If a pullback from the nearest support happens little later on, there'll be an opportunity to have an upward price movement towards the 89 Moving Average.

There's a bearish "Three Methods" pattern, which has been strongly confirmed. Also, there isn't any reversal pattern so far. In this case, the market is likely going to decline in the direction of the nearest support level, which could be a departure point for another bullish rally.

More:
https://fbs.com/analytics/articles/eur-usd-three-methods-pattern-5037

 

[riki143]

USD/JPY Daily Analytics
11:16 13.11.2017

The 21 & 34 Moving Averages are acting as resistance, so there's a bearish "Harami" pattern, which has been confirmed enough. Therefore, the price is likely going to get support on the lower "Window" in the short term.

The price has been consolidating under the Moving Averages. Also, there's a bearish "Tower", which has been confirmed by the last "Three Methods" pattern. So, the market is likely going to continue declining during the day.

More:
https://fbs.com/analytics/articles/usd-jpy-bearish-tower-5038

 

[riki143]

XAU/USD Daily Analytics
07:28 14.11.2017
Recommendations:

SELL $1268 SL $1280 TP1 $1237 TP2 $1212

BUY $1287 SL $1275 TP $1310 TP2 $1321

On the daily chart, XAU/USD formed a triangle. A break of its upper border close to $1266 an ounce will return the price inside the downtrend channel and increase the odds of achieving 78.6% and 200% of Gartley and AB=CD. On the other hand, successful test of resistance at $1288 will revive hope for the uptrend’s resumption.

On H1, XAU/USD formed a “Widening wedge”. Traders can bet on the break of $1268-1287 range.

More:
https://fbs.com/analytics/articles/xau-usd-the-triangle-will-be-a-judge-5068

 

[riki143]

USD/CAD Daily Analytics
07:43 14.11.2017
Recommendation:

BUY 1.2830

SL 1.2775

TP1 1.2985 TP2 1.3075

On the daily chart, the inability of bears to let USD/CAD outside of the uptrend channel points at sellers’ weakness. Bulls managed to hold to 1.2717 and are able to go to 88.6% target of the “Shark” pattern.

On H1, a break of the upper border of the downtrend channel increases the risks of triggering AB=CD pattern and reaching 127.2%, 161.8%, and 200% targets. However, at first, bulls need to push the pair above 1.2830.

More:
https://fbs.com/analytics/articles/usd-cad-bulls-launch-an-attack-5069

 

[riki143]

EUR/USD Daily Analytics
08:38 14.11.2017

The main trend is still bearish, but the price is consolidating. The 55 Moving Average is acting as resistance, so the pair is likely going to reach the nearest support at 1.1634 - 1.1615 in the short term. If a pullback from this levels happens little later on, we could have another upward price movement towards the next resistance at 1.1695 - 1.1724.

There's a "Double Bottom" pattern, which has been formed above the 34 Moving Average, so the price is consolidating. The main intraday target is the closest resistance at 1.1689 - 1.1695. If we have a pullback from this area, bears will probably try to reach the 89 MA.

More:
https://fbs.com/analytics/articles/eur-usd-double-bottom-pattern-5072

 

[riki143]

GBP/USD Daily Analytics
08:41 14.11.2017

Bears faced support at 1.3087, so there's a "V-Bottom" pattern, which pushed the price higher. Nevertheless, if the 34 Moving Average acts as resistance, there'll be an opportunity to have a decline towards the nearest support at 1.3087 - 1.3069. This area could be a departure point for another bullish price movement.

There's a "V-Bottom" pattern, which led to the current upward price movement. The main intraday target is the nearest resistance at 1.3150. Meanwhile, if we have a pullback from this level, bears will have a green light to test the closest support at 1.3085 afterwards.

More:
https://fbs.com/analytics/articles/gbp-usd-v-bottom-pattern-5073

 

[riki143]

EUR/USD Daily Analytics
09:22 14.11.2017
Technical levels: support – 1.1660; resistance – 1.1725.

Trade recommendations:

Sell — 1.1725; SL — 1.1745; TP1 — 1.1660; TP2 – 1.1640
Reason: bearish Ichimoku Cloud, but rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising lines; the prices are inside a Cloud, but there is a strong resistance of Senkou Span B.

More:
https://fbs.com/analytics/articles/eur-usd-euro-will-test-senkou-span-b-5075

 

[riki143]

GBP/USD Daily Analytics
09:23 14.11.2017
Technical levels: support – 1.3070; resistance – 1.3120.

Trade recommendations:

Sell — 1.3120; SL — 1.3140; TP1 — 1.3070; TP2 — 1.3010.
Reason: bearish Ichimoku Cloud with horizontal lines Senkou Span A and B; a cancelled golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market in consolidation under the bottom border of the Cloud.

More:
https://fbs.com/analytics/articles/gbp-usd-pound-in-consolidation-under-cloud-5076