Market analysis and trade recommendations by FBS

[riki143]

EUR/USD Daily Analytics
08:05 01.12.2017
Recommendation:

BUY 1.1860

SL 1.1805

TP1 1.1975 TP2 1.2045

On the daily chart, EUR/USD keeps forming the inverted “Shark” pattern with a target of 88.6%. Bulls managed to settle above 1.1820 and 1.1885 and aim to continue way up to resume the long-term uptrend.

On H1, after reaching targets of the “Widening wedge” and “Three touches” bulls managed to return the initiative to their hands. They are pushing the pair up towards 88.6% and 224% of the “Shark” and AB=CD.

More:
https://fbs.com/analytics/articles/eur-usd-bulls-came-to-power-5442

 

[riki143]

EUR/USD Daily Analytics
08:34 01.12.2017
Technical levels: support – 1.1890; resistance – 1.1960.

Trade recommendations:

Buy — 1.1890; SL — 1.1870; TP1 — 1.1960; TP2 – 1.2000.
Reason: bullish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with the horizontal lines; the prices are returned to the positive area and may continue uptrend.

More:
https://fbs.com/analytics/articles/eur-usd-euro-returned-to-positive-area-5443

 

[riki143]

AUD/USD Daily Analytics
08:35 01.12.2017
Technical levels: support – 0.7550; resistance – 0.7590

Trade recommendations:

Buy — 0.7580; SL — 0.7560; TP1 — 0.7630; TP2 — 0.7690.
Reason: bearish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen, falling Tenkan-sen; but the prices returned into the channel of Tenkan-Kijun.

More:
https://fbs.com/analytics/articles/aud-usd-the-bears-can’t-maintain-downtrend-5444

 

[riki143]

EUR/GBP Daily Analytics
08:36 01.12.2017
Recommendation:

BUY 0.8825

SL 0.8770

TP1 0.8885 TP2 0.8950

On the daily chart, EUR/GBP is fighting for 0.8805 (50% of the long-term bullish wave). Bears are trying to bring the pair inside the downtrend channel. If they succeed, the risks of correction to the long-term trend increase. On the other hand, return of the pair above 0.8805 will return the initiative to the bulls.

On H1, EUR/GBP formed a “Head and shoulders” and “Gartley” patterns. The realization of a 1-2-3 pattern will allow bulls to count on a retest of the neckline.

More:
https://fbs.com/analytics/articles/eur-gbp-bulls-are-going-for-a-retest-5445

 

[riki143]

EUR/USD Daily Analytics
10:54 01.12.2017

The 34 Moving Average has acted as support, so the market is likely going to reach the next resistance area at 1.1975 - 1.2003 in the short term. If a pullback from these levels happens little later on, there'll be an opportunity to have a downward correction towards the nearest support at 1.1909 - 1.1859.

Bulls faced with resistance at 1.1927, so the price is consolidating. Also, there's a "Pennant" pattern, so the pair is likely going to achieve the closest resistance at 1.1975 - 1.2003 during the day. Meanwhile, if we have a pullback from this area, bears will probably try to test another support at 1.1909 - 1.1897.

More:
https://fbs.com/analytics/articles/eur-usd-pennant-pattern-5447

 

[riki143]

GBP/USD Daily Analytics
10:56 01.12.2017

The market found resistance at 1.3469, so the pair is likely going to test the nearest support at 1.3513 - 1.3480 in the coming hours. However, if a pullback from this area forms afterwards, we could have another upward price movement in the direction of the next resistance at 1.3595 - 1.3618.

There's a possible "Tripe Top", which hasn't been finished yet. If this pattern confirms, bears are likely going to reach the nearest support at 1.3513 - 1.3480, which could be a departure point for another bullish price movement.

More:
https://fbs.com/analytics/articles/gbp-usd-possible-tripe-top-5448

 

[riki143]

EUR/USD Daily Analytics
11:01 01.12.2017

The upper "Window" acted as resistance for the second time, so there's an "Engulfing" pattern, which hasn't been confirmed yet. Therefore, the 34 Moving Average is likely going to act as support in the short term.

There's an "Engulfing" pattern, which has been formed on the upper "Window". The main intraday target is the 89 Moving Average. If a pullback from this line happens, there'll be an opportunity to have another upward price movement.

More:
https://fbs.com/analytics/articles/eur-usd-engulfing-pattern-5449

 

[riki143]

USD/JPY Daily Analytics
11:03 01.12.2017

The 55 Moving Average is acting as support, but there're bearish patterns like a "Doji" and a "Shooting Star". So, we're likely going to have a local bearish correction in the short term. At the same time, there's an opportunity to have another bullish price movement afterwards.

We've got a "Doji" and a "Harami", which have been formed at the last high. Considering that both patterns have confirmation, the market is likely going to test the 34 Moving Average. If a pullback from this line happens, we could have an upward price movement towards the upper "Window".

More:
https://fbs.com/analytics/articles/usd-jpy-55-moving-average-acting-as-support-5450

 

[riki143]

[B]EUR/NZD Daily Analytics[/B]
00:02 04.12.2017

The pair remains strong in a bullish bias held since November 28th session and according to our projections, EUR/NZD is expected to find buyers at the current stage. That’s a likely scenario, taking in consideration that our Fibonacci levels coincides with the 1.7274 and 1.7214. If the pair manages to rebound around that area, the next target should be the -23.6% at 1.7569.

RSI indicator is moving into the waters of oversold territory.

More:
https://fbs.com/analytics/articles/eur-nzd-looking-for-buyers-across-the-board-5464

 

[riki143]

EUR/USD Daily Analytics
08:00 04.12.2017
Technical levels: support – 1.1830; resistance – 1.1900, 1.1960.

Trade recommendations:

Buy — 1.1850; SL — 1.1830; TP1 — 1.1900; TP2 – 1.1960.
Reason: bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a cancelled dead cross of Tenkan-sen and Kijun-sen with the horizontal lines; the prices are returned into the cloudy area.

More:
https://fbs.com/analytics/articles/eur-usd-euro-entered-into-cloud-5469

 

[riki143]

GBP/USD Daily Analytics
08:01 04.12.2017

Technical levels: support – 1.3380; resistance – 1.3500.

Trade recommendations:

Buy — 1.3380; SL — 1.3360; TP1 — 1.3470; TP2 — 1.3500.
Reason: expanding bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen; the market is in correction phase and may testing Kijun’s support.

More:
https://fbs.com/analytics/articles/gbp-usd-pound-in-correction-to-kijun-5470

 

[riki143]

NZD/USD Daily Analytics
08:26 04.12.2017

Recommendation:

SELL 0.6815 SL 0.6870 TP1 0.6715 TP2 0.6625

BUY 0.6935 SL 0.6880 TP1 0.7035 TP2 0.7170

On the daily chart, NZD/USD is consolidating in the 0.6820-0.6980 range. A break of its lower border will increase the risks of kiwi going to 127.2% and 161.8% targets of a “Crab”. On the other hand, successful test of resistance at 0.6980 creates grounds for the pair going to 88.6% target of the “Shark” pattern.

On H1, a successful test of the neckline of the “Head and Shoulders” will allow the pair to continue its fall. On the other hand, going above 0.6930 will increase the odds of the rally’s continuation.

More:
https://fbs.com/analytics/articles/nzd-usd-kiwi-is-waiting-for-a-signal-5472

 

[riki143]

AUD/USD Daily Analytics
11:39 04.12.2017
Recommendation:

BUY 0.7640

SL 0.7585

TP1 0.7750 TP2 0.7895

On the daily chart, AUD/USD keeps fighting for the lower border of a long-term uptrend channel. If bulls fail to hold it, the risks of realization of 88.6% target of the senior “Shark” pattern will increase. On the other hand, a break of resistance at 0.7637-0.7640 will trigger the junior “Shark”.

On H1, AUD/USD after reaching 78.6% target of a “Shark” pulled back to 88.6%. The second attack of resistance at 0.7635 in case of success will allow bulls to count on the continuation of the rally.

More:
https://fbs.com/analytics/articles/aud-usd-bulls-clutch-at-a-straw-5477

 

[riki143]

EUR/USD Daily Analytics
13:50 04.12.2017

Bulls faced with resistance at 1.1934 - 1.1938, so there's a "Triple Top" pattern, which has been confirmed. Therefore, the market is likely going to decline towards the nearest support at 1.1808 - 1.1792 in the short term. If a pullback from this area happens little later on, we could have another upward price movement in the direction of the next resistance at 1.1909.

There's a "Triple Top" pattern, which has been confirmed by the last "Breakaway Gap", so the price has broken all the Moving Averages. However, bears faced with support at 1.1836. In this case, the pair is likely going to reach the closest resistance at 1.1897 - 1.1909 in the coming hours.

More:
https://fbs.com/analytics/articles/eur-usd-breakaway-gap-5480

 

[riki143]

GBP/USD Daily Analytics
13:52 04.12.2017

There's a "Double Top" pattern, which has been confirmed. So, the price is likely going to reach the nearest support at 1.3386 - 1.3363 in the coming hours. If a pullback from this area happens afterwards, there'll be an opportunity to have an upward price movement towards another resistance at 1.3480 - 1.3513.

The 55 Moving Average has acted as support, so bulls are likely going to test the 34 MA shortly. If a pullback from this line happens afterwards, bears will probably try to reach the nearest support between the levels 1.3386 - 1.3363.

More:
https://fbs.com/analytics/articles/gbp-usd-double-top-pattern-5481

 

[riki143]

EUR/USD Daily Analytics
13:56 04.12.2017

The upper "Window" has acted as resistance once again. Also, there's new "Window". Therefore, the market is likely going to test the 89 Moving Average in the short term.

The 144 Moving Average is acting as support. Also, there's a bullish "Engulfing", but this pattern hasn't been confirmed yet. So, the pair is likely going to test the lower "Window" in the coming hours.

More:
https://fbs.com/analytics/articles/eur-usd-144-ma-acting-as-support-5482

 

[riki143]

USD/JPY Daily Analytics
13:58 04.12.2017

The price has been fixed above the "Window". Also, there isn't any reversal pattern so far. In this case, the price is likely going to continue moving up towards the next "Window".

There's a bearish "Engulfing", but this pattern hasn't been confirmed yet. So, we could have just a local correction and the following upward price movement afterwards.

More:
https://fbs.com/analytics/articles/usd-jpy-bearish-engulfing-5483

 

[riki143]

XAU/USD Daily Analytics
07:01 05.12.2017
Recommendation:

SELL $1266

SL $1281

TP1 $1237 TP2 $1212

On the daily chart, inability of bulls to conquer resistance at $1299-1302 an ounce with the following return of the price inside the $1266-1288 consolidation range points at buyers’ weakness. As a result, risks of the price reaching 78.6% and 200% targets of “Gartley” and AB=CD increased.

On H1, gold’s going outside of the short-term uptrend channel with the following retest of diagonal resistance confirms that bears are serious.

More:
https://fbs.com/analytics/articles/xau-usd-gold-chose-direction-5496

 

[riki143]

USD/CAD Daily Analytics
07:08 05.12.2017
Recommendation:

SELL 1.2655

SL 1.271

TP1 1.2555 TP2 1.2495

On the daily chart, USD/CAD formed a “Shakeout-Fakeout” pattern with a false break of an upper border of a triangle. As a result, the pair went outside of the uptrend channel. Such dynamics increases the risks of it sliding to 88.6% target of the “Bat” pattern.

On H1, USD/CAD is finishing a “Widening wedge” pattern. A pullback to 23.6% with the following return to point 5 means that bears are serious.

More:
https://fbs.com/analytics/articles/usd-cad-bulls-got-into-a-trap-5497

 

[riki143]

EUR/USD Daily Analytics
08:02 05.12.2017
Technical levels: support – 1.1830; resistance – 1.1880, 1.1960.

Trade recommendations:

Buy — 1.1890; SL — 1.1870; TP1 — 1.1960; TP2 – 1.2000.
Sell — 1.1850; SL — 1.1870; TP1 — 1.1760.
Reason: bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a weak golden cross of Tenkan-sen and Kijun-sen with the horizontal lines; the prices are under strong resistance of Kijun-sen and Senkou Span A.

More:
https://fbs.com/analytics/articles/eur-usd-euro-in-negative-mood-5502