Market news and trade recommendations by FBS

riki143

Master Trader
Dec 18, 2013
6,699
4
79
EUR/GBP: EURO IS WORKING WITH A DRAGON
08:46 20.10.2017

Recommendation:

BUY 0.896

SL 0.8905

TP1 0.9085 TP2 0.9145

On the daily chart, EUR/GBP recoil from the upper border of the downtrend allowed bulls to counterattack and form the reversal patter 5-0. Its 88.6% target is reached, and the level of 113% is near. The euro will likely continue its way up towards 161.8% target of AB=CD.

1508489057-bc1ce4ebdd72b71af2881b8edc2b5fe5_1200x1200_q90v3.png


On H1, EUR/GBP formed a “Dragon” pattern. Pullbacks towards 0.8982-0.8985 and 0.8958-0.8965 will signify formation of the dragon’s head and will be a signal for buying.

1508489077-311438cdc50bb0f634d8ee27e47a0113_1200x1200_q90v3.png


More:
https://fbs.com/analytics/articles/eur-gbp-euro-is-working-with-a-dragon-4527
 

riki143

Master Trader
Dec 18, 2013
6,699
4
79
EUR/USD: "V-TOP" PATTERN
13:54 20.10.2017

1508507620-bbeb606c7667d12810feed5577a7b339_1200x1200_q90v3.png


There's a "V-Top" pattern, so the price reached the Moving Averages. It's likely that the market is going to reach the nearest support area at 1.1772 - 1.1757 in the short term. If a pullback from these levels happens little later on, we could have another upward price movement.

1508507620-4dd12fe0cb118fefefb3901dff5aab25_1200x1200_q90v3.png


We've got a "Triple Top", so the price is consolidating. The main intraday target is the closest resistance at 1.1819 - 1.1831. If a pullback from these levels happens, we could have a decline in the direction of the next support at 1.1780 - 1.1767.

More:
https://fbs.com/analytics/articles/eur-usd-v-top-pattern-4531
 

riki143

Master Trader
Dec 18, 2013
6,699
4
79
GBP/USD: BEARS GOING TO TEST NEAREST SUPPORT
13:57 20.10.2017

1508507620-e43db4b5b4f46663de9d5997c0107ffb_1200x1200_q90v3.png


The price is consolidating between the levels 1.3221 - 1.3150. It's likely that bears are going to achieve the nearest support at 1.3081 in the short term. If we see a pullback from this level, there'll be an opportunity to have a bullish price movement towards another resistance at 1.3081 - 1.3120.

1508507620-9bf2dd5fdefaf5d111abb2a6f25bc24d_1200x1200_q90v3.png


Bears faced with support at 1.3077, so there's a "Thorn" pattern. In this case, the pair is likely going to test the closest resistance at 1.3120 - 1.3150 during the day. Meanwhile, if a pullback from this area arrives afterwards, we could have just another decline.

More:
https://fbs.com/analytics/articles/gbp-usd-bears-going-to-test-nearest-support-4533
 

riki143

Master Trader
Dec 18, 2013
6,699
4
79
EUR/USD: BEARISH "THREE METHODS" PATTERN
14:00 20.10.2017

1508507934-db092cbdf12596b49cb33605c2f6aa6c_1200x1200_q90v3.png


There are bearish patterns such a "Tweezers" and a "Doji", which both have been confirmed enough. The 21 & 34 Moving Averages are acting as support. Nevertheless, the market is likely going to continue moving down in the short term.

1508507934-b5176509863e05d300ead3e7fd7a583b_1200x1200_q90v3.png


We've got a bearish "Three Methods" pattern, but the price faced support on the Moving Averages. Therefore, we could have just a local upward correction and another decline afterwards.

More:
https://fbs.com/analytics/articles/eur-usd-bearish-three-methods-pattern-4535
 

riki143

Master Trader
Dec 18, 2013
6,699
4
79
USD/JPY: "SHOOTING STAR" PATTERN
14:02 20.10.2017

1508507935-578334b4538509df861fc6905839ef36_1200x1200_q90v3.png


There's a "High Wave" pattern, which has been formed at the local high. So, there's an opportunity to have a downward correcting in the coming hours. However, if we see a pullback from the nearest support level, bulls will probably try to deliver a new local high.

1508507934-0dd3bce3a2eb768313a0fdb566230b44_1200x1200_q90v3.png


We've got a "Shooting Star" pattern, which has been confirmed. Therefore, the pair is likely going to test the lower "Window" during the day. If a pullback from this level happens, there'll be an option to have another bullish price movement.

More:
https://fbs.com/analytics/articles/usd-jpy-shooting-star-pattern-4536
 

riki143

Master Trader
Dec 18, 2013
6,699
4
79
EUR/USD: WAVE [III] STARTED
14:05 20.10.2017

1508508228-8c47ece8bcc6e0f6ee4f1888e89a3569_1200x1200_q90v3.png


It seems like wave [iii] has been started, so we could have another bullish impulse in the short term. The main intraday target is 6/8 MM Level.

1508508228-b692230777f4a3781d7ec90ff37af1af_1200x1200_q90v3.png


The price couldn't fixate above 4/8 MM Level, so wave (i) has been ended. If a pullback from 2/8 MM Level happens little later on, there'll be time for wave (iii) of [iii].

More:
https://fbs.com/analytics/articles/eur-usd-wave-iii-started-4538
 

riki143

Master Trader
Dec 18, 2013
6,699
4
79
EUR/USD: DOUBLE ZIGZAG IN WAVE [II]
06:16 23.10.2017

1508739315-3572661e7d2ff532873a9d333e3ed921_1200x1200_q90v3.png


The price is likely going to test 0/8 MM Level in the coming hours. If we have a pullback from this level, wave [ii] likely will be ended. In this case, there'll be an opportunity to have another upward impulse in wave [iii].

1508739315-14f882b8c4850cf41612fa8cc3f84533_1200x1200_q90v3.png


It seems like wave [ii] is taking the form of a double zigzag on the one-hour chart. So, bears are likely going to test 0/8 MM Level, which could be a departure point for wave (i). In this case, the low of wave (w) will be broken in the coming hours.

More:
https://fbs.com/analytics/articles/eur-usd-double-zigzag-in-wave-ii-4559
 

riki143

Master Trader
Dec 18, 2013
6,699
4
79
AUD/USD: AUSSIE ENTERED INTO NEGATIVE AREA
06:18 23.10.2017

Technical levels: support – 0.7770; resistance – 0.7840

Trade recommendations:

Sell — 0.7840; SL — 0.7860; TP1 — 0.7770; TP2 — 0.7730.
Reason: narrow bearish Ichimoku Cloud, falling Senkou Span A and B; a cancelled golden cross of Tenkan-sen and Kijun-sen, falling Tenkan-sen and Kijun-sen; the prices are in the negative area under the pressure of a Cloud.

1508739505-42a68b4bfa2f0515dfbaa054e9dbae66_1200x1200_q90v3.png


More:
https://fbs.com/analytics/articles/aud-usd-aussie-entered-into-negative-area-4560
 

riki143

Master Trader
Dec 18, 2013
6,699
4
79
USD/JPY: DOLLAR REACHED 114.00
06:19 23.10.2017

Technical levels: support – 113.40; resistance – 114.00.

Trade recommendations:

Buy — 113.40; SL — 113.20; TP1 — 114.00; TP2 — 114.40.
Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with rising Kijun-sen; the prices are tested the resistance of 114.00 and may going higher.

1508739505-3dcc4d3b0e9d38341d309e86e7227f36_1200x1200_q90v3.png


More:
https://fbs.com/analytics/articles/usd-jpy-dollar-reached-11400-4561
 

riki143

Master Trader
Dec 18, 2013
6,699
4
79
NZD/USD: WILL KIWI CATCH THE WAVE
07:11 23.10.2017

Recommendation:

BUY 0.709

SL 0.7035

TP 0.7235

On the daily chart, bears managed to lead the pair to the lower border of the long-term uptrend. A successful test of diagonal support will increase the possibility of a break in an uptrend and formation of the “Crab” pattern.

1508742453-fb9be1d9d65d6402746f6573306cf53b_1200x1200_q90v3.png


On H1, the return of the pair to the top of the previous short-term consolidation will create grounds for the reversal “Wolfe waves” pattern.

1508742485-3696dc2326705fd45dfa7b732beb8b1e_1200x1200_q90v3.png


More:
https://fbs.com/analytics/articles/nzd-usd-will-kiwi-catch-the-wave-4564
 

riki143

Master Trader
Dec 18, 2013
6,699
4
79
AUD/USD: BEARS STOPPED SLEEPING
07:22 23.10.2017

Recommendation:

SELL 0.78 SL 0.7855 TP1 0.769 TP2 0.76

BUY 0.7885 SL 0.7835 TP 0.8

On the daily chart, AUD/USD keeps trading within “Shark” and “Crab” patterns. After a pullback to 38.2% of the last descending wave, bears try to restore the downtrend. In order to do this, they need to settle above 0.7816. On the other hand, the return of the pair to the short-term downtrend channel will return the initiative to bulls.

1508743214-1db64c049cc9775b27418fd0e6b0833a_1200x1200_q90v3.png


On H1, a break of diagonal support in form of the lower border of the uptrend channel will strengthen the odds of the pair’s reaching the interim targets at 88.6% and 127.2% of the “Crab” pattern.

1508743230-ef00342837a633bda01cab6a3fe3e88f_1200x1200_q90v3.png


More:
https://fbs.com/analytics/articles/aud-usd-bears-stopped-sleeping-4565
 

riki143

Master Trader
Dec 18, 2013
6,699
4
79
EUR/USD: "V-TOP" PATTERN LED TO DECLINE
11:49 23.10.2017

1508757823-ae633932174396d6ce4778e1da5c286d_1200x1200_q90v3.png


There's a "V-Top" pattern, so the price reached the nearest support at 1.1757. Moreover, the market is likely going to continue moving down, so we should keep an eye on the next support at 1.1729 - 1.1719 as an intraday bearish target. If a pullback from this area happens little later on, there'll be an opportunity to have an upward correction towards the closest resistance at 1.1793 - 1.1822.

1508757823-26c13faf6b069ea07c8631dd1833dbe3_1200x1200_q90v3.png


All the Moving Averages have been broken, so the price is declining. The main bearish target is the next support at 1.1729 - 1.1719. This area could be a departure point for a bullish price movement in the direction of the nearest resistance at 1.1767 - 1.1780.

More:
https://fbs.com/analytics/articles/eur-usd-v-top-pattern-led-to-decline-4569
 

riki143

Master Trader
Dec 18, 2013
6,699
4
79
GBP/USD: PRICE REACHED DOWNWARD CHANNEL
11:53 23.10.2017

1508757824-a8903e1d522d6828c728f57639e873d8_1200x1200_q90v3.png


We've got a "V-Bottom", so the price is rising. The main intraday target is the nearest resistance area at 1.3227 - 1.3258. If a pullback from this area happens, we could have a decline towards the closest support at 1.3150 - 1.3120.

1508757823-017993112a361ea4f4fc338916df2d70_1200x1200_q90v3.png


The last bullish "Pennant" has been broken, but the price reached the local downward channel. So, we could have an intraday correction towards the Moving Averages, which could be a departure point for another bullish rally.

More:
https://fbs.com/analytics/articles/gbp-usd-price-reached-downward-channel-4570
 

riki143

Master Trader
Dec 18, 2013
6,699
4
79
EUR/USD: "TWEEZERS" AND "DOJI" PATTERNS
12:01 23.10.2017

1508759860-d662deded5a886d790b0d5f8e71119c4_1200x1200_q90v3.png


The last bearish "Tweezers" and "Doji" patterns led to the current decline. Also, the price fixated under the Moving Averages. There's no any reversal pattern so far, so the market is likely going to continue falling down.

1508759860-bd111d4d37fe5226b8e0113d57239bd1_1200x1200_q90v3.png


We've got bullish patterns such a "Tweezers" and a "Harami" at the last low, but they both remain unconfirmed. So, we could have just a local upward correction and another decline afterwards.

More:
https://fbs.com/analytics/articles/eur-usd-tweezers-and-doji-patterns-4571
 

riki143

Master Trader
Dec 18, 2013
6,699
4
79
USD/JPY: "WINDOW" REMAINS OPEN
12:04 23.10.2017

1508759860-3219cbb8e06c4848848f2c6c06f3803d_1200x1200_q90v3.png


There's a bearish "High Wave", which hasn't been confirmed yet. Also, we've got a new "Window". In this case, the market is likely going to continue moving up in the short term towards the nearest resistance level.

1508759860-a2cbd7f31602640a89c91c33d5d5e6bb_1200x1200_q90v3.png


We've got a bearish "Engulfing" pattern, but the "Window" remains open. Therefore, the last high is likely going to be broken in the coming hours.

More:
https://fbs.com/analytics/articles/usd-jpy-window-remains-open-4572
 

riki143

Master Trader
Dec 18, 2013
6,699
4
79
EUR/USD: EURO TESTED TENKAN’S RESISTANCE
05:43 24.10.2017

Technical levels: support – 1.1730; resistance – 1.1770.

Trade recommendations:

Sell — 1.1750; SL — 1.1870; TP1 — 1.1700; TP2 – 1.1680
Reason: narrow bullish Ichimoku Cloud, but horizontal Senkou Span B; a new dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen; the prices are returned to Tenkan’s resistance and may continue the downtrend.

1508823791-5974574d0f06c411e972e24d898d2405_1200x1200_q90v3.png


More:
https://fbs.com/analytics/articles/eur-usd-euro-tested-tenkan’s-resistance-4588
 

riki143

Master Trader
Dec 18, 2013
6,699
4
79
GBP/USD: POUND REACHED SENKOU SPAN A
05:44 24.10.2017

Technical levels: support – 1.3150; resistance – 1.3240.

Trade recommendations:

Sell — 1.3200; SL — 1.3220; TP1 — 1.3130; TP2 — 1.3100.
Reason: bearish Ichimoku Cloud, but rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen; the prices are growing up to Senkou Span A, but there is a strong resistance.

1508823791-5838ef800660551113de2aff99712827_1200x1200_q90v3.png


More:
https://fbs.com/analytics/articles/gbp-usd-pound-reached-senkou-span-a-4589
 

riki143

Master Trader
Dec 18, 2013
6,699
4
79
EUR/USD: "V-BOTTOM" PATTERN
07:16 24.10.2017

1508829273-d467adea51948c2d707138e36d613587_1200x1200_q90v3.png


There's a "V-Bottom" pattern, which pushed the price to the nearest resistance at 1.1772. Meanwhile, the market is likely going to continue moving up towards the next resistance at 1.1822 - 1.1857. If a pullback from this area happens little later on, there'll be an opportunity to have a decline towards the closest support at 1.1719 - 1.1695.

1508829273-c36ce0b198004737654cfbc27aecbdc6_1200x1200_q90v3.png


Bears faced with support at 1.1729, so there's a "Thorn" pattern. The main intraday target is the next resistance at 1.1810 - 1.1820. At the same time, bears are likely going to deliver a local downward correction in the coming hours.

More:
https://fbs.com/analytics/articles/eur-usd-v-bottom-pattern-4592
 

riki143

Master Trader
Dec 18, 2013
6,699
4
79
GBP/USD: MOVING AVERAGES ACTED AS RESISTANCE
07:19 24.10.2017

1508829273-2abd06258e347527796eeb50c753cbdc_1200x1200_q90v3.png


The Moving Averages have acted as resistance, so the price is consolidating. Nevertheless, the market is likely going to reach another resistance at 1.3290 - 1.3336 in the short term. If a pullback from this area happens, we could have a decline.

1508829273-b976c897c21605e92ae6e6811131c12e_1200x1200_q90v3.png


The last "Double Bottom" pattern led to the current bullish price movement. However, bulls faced with resistance at 1.3221, so we could have a local bearish correction towards the nearest support at 1.3182 - 1.3169. This area could be a departure point for another upward price movement.

More:
https://fbs.com/analytics/articles/gbp-usd-moving-averages-acted-as-resistance-4593
 

riki143

Master Trader
Dec 18, 2013
6,699
4
79
XAU/USD: BEARS ARE FIRM
07:47 24.10.2017

Recommendation:

SELL $1271 SL $1286 TP1 $1237 TP2 $1212

On the daily chart, bulls are clinging to an important level of $1281 an ounce. Their failure will return the initiative to bears and increase the risks of decline to 78.6% and 200% targets of “Gartley” and AB=CD patterns.

1508831194-3c3c5205e2350e553c87bfb24c322513_1200x1200_q90v3.png


On H1, XAU/USD keeps forming an inverted 5-0 pattern. Pullbacks to 50%, 38.2% and 23.6% of the wave CD are usually used for buying. A decline below support levels at $1271 and $1267 an ounce may be a signal for forming short positions.

1508831213-ccae822ec07d68fa61b1c2713a5824cc_1200x1200_q90v3.png


More:
https://fbs.com/analytics/articles/xau-usd-bears-are-firm-4595