Trade signals by FBS

[Rohit]

The stock Netflix is gaining

Trade idea

BUY 312; TP 318; SL 310

The stock of Netflix has so far shown positive dynamics. This week, the price has managed to rise above the 100-day MA at the psychological level of $300.00, the 38.2% Fibo retracement of the July-September decline and the October high at $308.57. The natural level to target on the upside is the 50% Fibo mark at $318.50. The previous resistance levels will now act as support.

For more -
https://fbs.com/analytics/articles/..._English&utm_content=Rohit_Analytics_DCashPal

 

[Rohit]

AUD/NZD shows weakness

26.11.2019

Trade idea

SELL 1.0540; TP1 1.0495; TP2 1.0395; SL 1.0560

AUD/NZD is declining for the third week in a row. It’s happening as the AUD is pressured by the weak Australian data, while New Zealand is releasing more decent figures. The pair has reached the support of 1.0560/50 (50% Fibo retracement of the August-November advance, 200-day MA and 50-week MA). The decline below this support will open the way down to 1.0495 (61.8% Fibo) and 1.0395 (78.6% Fibo). Resistance lies at 1.0590 and 1.0625 (100-day MA).
For more-https://bit.ly/34nnMfg

 

[Rohit]

USD/CHF awaits the news
27.11.2019

Trade ideas

SELL 0.9965; TP1 0.9947; TP2 0.9930; SL 0.9975

BUY 1.0005; TP 1.0030; SL 0.9990

The USD is awaiting American economic figures that are due later today (preliminary GDP growth, durable goods orders, core PCE price index, personal spending, and Chicago PMI). The figures may bring some volatility to USD/CHF.

For the past couple of days, USD/CHF has been consolidating below the resistance line that connects the highs of October and November in the 0.9990 area. Notice that this is just below the 1.0000 mark - the parity level that naturally represents a considerable obstacle for buyers. In addition, the price has reached the upper Bollinger Band on the D1 and the Stochastic Oscillator is in the overbought area. This too should make the advance more difficult. On the downside, support has been around 0.9965. The decline below this level will open the way down to 0.9947 (200-day MA). Earlier this line didn't manage to hold the price action. The next levels to watch on the downside are at 0.9927 and 0.9885 (the 50- and the 100-day MAs respectively). Such a scenario will come into play if the market risk sentiment worsens.

If the United States and China keep moving towards a phase 1 trade deal and America releases decent economic data, USD/CHF may try for a break of resistance. If the pair settles above 1.0000, the new bullish targets will be at 1.0030 (October high) and 1.0050.
For more-https://bit.ly/2QQxGlQ

 

[Rohit]

USD/MXN is fighting with resistance

28.11.2019
Trade ideas


BUY 19.64; TP 19.78; SL 19.60

SELL 19.48; TP 19.42; SL 19.50

USD/MXN has been strengthening since the start of November, although you can notice by looking at the chart that the advance hasn’t been smooth. During the recent days, the price has been trading in a kind of a “rising wedge”. This week the pair’s upside got limited by 19.5872. The next level to watch above it is 19.6345 (50% Fibonacci retracement of the August-October decline). If USD/MXN manages to overcome the resistance and fix above this point, it will have a chance to get up to 19.78 (61.8% Fibo). On the downside, the return below 19.4870 can open the way for a correction to 19.4120 (100-day MA)
For more-https://bit.ly/2OQIq11

 

[Rohit]

USD/JPY may experience a correction

29.11.2019

Trade idea

SELL 109.30; TP 109.00; SL 109.45

USD/JPY had a bullish week. Yet, we should notice that the pair has reached some heavy resistance: 100-week MA (109.66) and 200-week MA (109.84). On the D1, we can already see that the movement to the upside has stalled on Thursday as USD/JPY formed a very small inside bar candlestick that looks like a “hanging man” pattern. As a result, a return below 109.35 (61.8% Fibo of the April-August decline) will lead the price down to the 109.00/108.90 area (200-day MA).
For more-https://bit.ly/2OZoLf8

 

[Rohit]

NZDCAD rises to the August resistance
02.12.2019

On the H1 chart of NZDCAD, the price has been rising today and has almost reached the August resistance level of 0.8598. As it has been moving above the upper band of the Envelopes, we may assume that this upward movement may continue until the price actually reaches this resistance. As the RSI and the Stochastic are already in the overbought zone, it is very likely that this level will be a market reversal point. Hence, bears need to wait until the RSI crosses the 70% upside-down and the Stochastic’s fast line crosses the slow one the same manner to confirm the downward reversal moment. The support levels for this scenario may be located at 0.8515 and 0.8500. An additional resistance level may be placed at 0.8613.
For more-http://bit.ly/35ROTzw

 

[Rohit]

EUR/USD is at decisive levels

03.12.2019

Trade ideas

BUY 1.1120; TP 1.1160; SL 1.1110

SELL 1.1065; TP 1.1040; SL 1.1075

EUR/USD was supported in the 1.0990 area last week. The support was strengthened by the fact that the attempted breakout of this level failed. On Monday, the pair recovered on the weak US data and went up through the 50- and the 100-day MAs. Now these lines provide support at 1.1070 and 1.1040. Resistance is now located in the 1.1100/1.1115 area (trend line going down from October 2018 highs). The advance above this zone is needed to open the way up to 1.1160 (200-day MA). All in all, EUR/USD finds itself in a confined space now, so bigger moves should come soon.
For more-https://fbs.com/analytics/articles/...English&utm_content=Rohit_ Analytics_DCashPal

 

[Rohit]

AUD/CHF suffered losses

04.12.2019
Trade idea

SELL 0.6730; TP 0.6700; SL 0.6740

The attempt of AUD/CHF to overcome 0.6800 so far hasn’t been successful. The pair formed a “spinning top” candlestick on the D1 on Tuesday. During the Asian session on Wednesday, it has gone down to test 0.6736 (the 100-day MA; 38.2% Fibonacci of the August-November advance) as Australia released weaker-than-expected GDP growth and the overall market sentiment worsened. The slide below 0.6730 will confirm the formation of an "ascending wedge" to the downside and may be a cue for selling with a target in the 0.6695 area.
For more-https://fbs.com/analytics/articles/...English&utm_content=Rohit_ Analytics_DCashPal

 

[Rohit]

The year end: Brexit and trade wars in the arena again

05.12.2019

The year is ending but Brexit and trade wars continue being the hottest topics. In this article, we will consider events that will determine the market sentiment of the last month of the year.

Spotlights.

Brexit outcome and MPC Official Bank Rate Votes.

Unexpectedly, the British pound managed to gain momentum. Currently, the GBP has been appreciating against the US dollar and the euro. However, all eyes are on the Parliamentary Elections that will become the crucial barometer of the future pound’s strength.
For more-http://bit.ly/2RluLSh