Market news and trade recommendations by FBS

Discussion in 'Fundamental Analysis' started by FBS, Dec 18, 2013.

  1. riki143

    riki143 Master Trader

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    EUR/USD Daily Analytics
    11:55 20.12.2017

    [​IMG]

    Bulls faced with resistance at 1.1859, so the price is consolidating. The main intraday target is the next resistance at 1.1875 - 1.1884. If a pullback from this area happens, we could have a bearish correction towards the nearest support at 1.1833 - 1.1811.

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    The price has been consolidating since the downtrend was broken. It's likely that the pair is going to test the closest resistance at 1.1871 - 1.1890 in the short term. If a pullback from this area happens, there'll be an opportunity to have a downward correction.

    More:
    https://fbs.com/analytics/articles/eur-usd-price-consolidating-5845
     
  2. riki143

    riki143 Master Trader

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    GBP/USD Daily Analytics
    11:58 20.12.2017

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    The 89 Moving Average is acting as support, so the market is likely going to test the nearest resistance at 1.3454. If a pullback from this level happens, we could have a decline towards another support at 1.3369.

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    The price is consolidating above the Moving Averages. The main intraday target is the next resistance at 1.3430 - 1.3447, which could be a departure point for a downward price movement in the direction of the 89 Moving Average.

    More:
    https://fbs.com/analytics/articles/gbp-usd-89-moving-average-acting-as-support-5846
     
  3. riki143

    riki143 Master Trader

    6,293
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    EUR/USD Daily analytics
    12:01 20.12.2017

    [​IMG]

    There's a "Shooting Star", which has been formed at the last local high. So, we're likely going to have a local bearish correction. However, if a pullback from the Moving Averages happens little later on, bulls will probably try to test the upper "Window".

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    We've got a "Shooting Star", which hasn't been confirmed yet. Nevertheless, bears are likely going to test the lower "Window", which could be a departure point for another upward price movement.

    More:
    https://fbs.com/analytics/articles/eur-usd-shooting-star-pattern-5847
     
  4. riki143

    riki143 Master Trader

    6,293
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    USD/JPY Daily Analytics
    12:03 20.12.2017

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    The last "Hammer" pattern pushed the price higher. The main intraday target is the upper "Window". If a pullback from this level happens, there'll be an opportunity to have a decline.

    [​IMG]

    There's still no any reversal pattern on the one-hour chart. Meanwhile, it's likely to have a downward correction in the coming hours. At the same time, bulls will probably try to test the next resistance area afterwards.

    More:
    https://fbs.com/analytics/articles/usd-jpy-hammer-pushed-price-higher-5848
     
  5. riki143

    riki143 Master Trader

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    EUR/JPY Daily Analytics
    06:40 21.12.2017

    Recommendation:

    BUY 134.00

    SL 133.45

    TP1 135 TP2 136

    On the daily chart, EUR/JPY left the medium-term consolidation range 131.50-133.95 as it traded within “Spike and ledge” pattern. As a result, the pair resumed bullish trend and the chances of advance to 200% of AB=CD pattern increased. It’s situated near 136.


    [​IMG]

    On H1, EUR/JPY formed a “Widening wedge”. The fact that it went to point 5 means that bulls have total control. Pullbacks to supports may be used for forming long positions.

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    More:
    https://fbs.com/analytics/articles/eur-jpy-bulls-got-free-5870
     
  6. riki143

    riki143 Master Trader

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    USD/JPY Daily Analytics
    06:47 21.12.2017
    Recommendations:

    BUY 113.65 SL 113.1 TP1 114.65 TP2 115.35

    SELL 112.75 SL 113.3 TP 111.75

    On the daily chart, USD/JPY bulls managed to conquer resistance at 113.00 and return initiative in their hands. As a result, the odds of reaching 113% target of the inverted junior “Shark” pattern increased.

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    On H1, USD/JPY keeps correcting to the wave CD as the “Shark” pattern is transforming into 5-0. Return of the pair 50% and the following successful test of the diagonal support will increase the risk of decline. On the other hand, increase above 78.6% and 88.6% will allow bulls to continue the rally.

    [​IMG]

    More:
    https://fbs.com/analytics/articles/usd-jpy-bulls-go-north-5871
     
  7. riki143

    riki143 Master Trader

    6,293
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    EUR/USD Daily Analytics
    10:12 21.12.2017

    [​IMG]

    Bulls faced with resistance at 1.1919, so the price is consolidating. The main intraday is the next resistance at 1.1901 - 1.1919. If a pullback from this area happens, there'll be an opportunity to have a decline towards the closest support at 1.1859 - 1.1833.

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    The price is consolidating between the levels 1.1871 - 1.1890. Also, there's a "Pennant" pattern, so it's likely that the pair is going to test the nearest resistance at 1.1914 - 1.1941. Meanwhile, if a pullback from this area happens little later on, bears will probably try to reach another support at 1.1848 - 1.1833.

    More:
    https://fbs.com/analytics/articles/eur-usd-pennant-pattern-5874
     
  8. riki143

    riki143 Master Trader

    6,293
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    GBP/USD Daily Analytics
    10:15 21.12.2017

    [​IMG]

    The market is still consolidating along the Moving Averages. The main intraday target is the next resistance area at 1.3419 - 1.3445. At the same time, if a pullback from these levels takes place, there'll be an opportunity to have another decline in the direction of the nearest support at 1.3336 - 1.3300.

    [​IMG]

    There's a consolidation, which is happening under the Moving Averages. Therefore, the pair is likely going to test the closest resistance at 1.3408 - 1.3419. This area could be a departure point for a downward price movement towards the nearest support at 1.3336 - 1.3319.

    More:
    https://fbs.com/analytics/articles/gbp-usd-pair-going-to-test-closest-resistance-5875
     
  9. riki143

    riki143 Master Trader

    6,293
    4
    59
    EUR/USD Daily Analytics
    11:12 21.12.2017

    [​IMG]

    There's a bullish "Three Methods" pattern, which has been formed on the nearest "Window". So, the market is likely going to test the next "Window" in the short term.

    [​IMG]

    We've got a bullish "Hammer" pattern, which has been confirmed. In this case, it's likely that the pair is going to continue moving up in the direction of the upper "Window" in the coming hours.

    More:
    https://fbs.com/analytics/articles/eur-usd-bullish-hammer-pattern-5876
     
  10. riki143

    riki143 Master Trader

    6,293
    4
    59
    USD/JPY Daily Analytics
    11:15 21.12.2017

    [​IMG]

    There's a "Shooting Star", which has been formed at the last local high. However, this pattern doesn't have confirmation so far. Therefore, we could have just a local bearish correction towards the Moving Averages.

    [​IMG]

    We've got a bearish "High Wave", but confirmation of this pattern is a quite weak. So, we should keep an eye on the 89 Moving Average as the next intraday target. If a pullback from this line happens little later on, there'll be an opportunity to have another bullish price movement.

    More:
    https://fbs.com/analytics/articles/usd-jpy-bearish-high-wave-5877
     
  11. riki143

    riki143 Master Trader

    6,293
    4
    59
    EUR/USD Daily Analytics
    15:28 21.12.2017

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    There's a developing ending diagonal in wave 5, so we're likely going to have a zigzag in wave [iii] in the short term. The main intraday target is +2/8 MM Level.

    [​IMG]

    The price has been rising since a pullback from 1/8 MM Level happens. It's likely that wave [4] ended, so we could have another bullish impulse in wave [5] of iii in the coming hours. In this case, we should keep an eye on 7/8 MM Level as the next target.

    More:
    https://fbs.com/analytics/articles/eur-usd-developing-ending-diagonal-5880
     
  12. riki143

    riki143 Master Trader

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    AUD/USD Daily Analytics
    06:17 22.12.2017
    Technical levels: support – 0.7680; resistance – 0.7760

    Trade recommendations:

    Buy — 0.7700; SL — 0.7680; TP1 — 0.7760; TP2 — 0.7790.
    Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A and B; a new golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices are breaking out the resistance of 0.7680 and may go higher.

    [​IMG]

    More:
    https://fbs.com/analytics/articles/aud-usd-aussie-will-continue-uptrend-5885
     
  13. riki143

    riki143 Master Trader

    6,293
    4
    59
    USD/JPY Daily Analytics
    06:18 22.12.2017
    Technical levels: support – 113.00; resistance – 113.60.

    Trade recommendations:

    Buy — 113.00; SL — 112.80; TP1 — 113.60; TP2 — 114.00.
    Reason: expanding bulllish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen; the prices are tested the main resistance and returned to support of Tenkan-sen.

    [​IMG]

    More:
    https://fbs.com/analytics/articles/usd-jpy-dollar-in-correction-5886
     
  14. riki143

    riki143 Master Trader

    6,293
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    59
    EUR/USD Daily Analytics
    07:29 22.12.2017
    Recommendation:

    SELL 1.1815

    SL 1.187

    TP1 1.1715 TP2 1.167 TP3 1.16

    On the daily chart, EUR/USD created grounds for the realization of the |Head and shoulders” pattern. The necessary conditions include a break of support at 1.1805-1.1820 with the following exit of the pair outside of the uptrend channel. On the other hand, renewal of last high above 1.19 will increase the risks of the rally’s continuation.

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    On H1, EUR/USD the exit of the pair outside of the uptrend channel will create grounds for triggering AB=CD pattern. Its 127.2% target is near 1.1670.

    [​IMG]

    More:
    https://fbs.com/analytics/articles/eur-usd-things-are-not-good-for-the-euro-5887
     
  15. riki143

    riki143 Master Trader

    6,293
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    EUR/GBP Daily Analytics
    07:43 22.12.2017
    Recommendation:

    BUY 0.889

    SL 0.8835

    TP1 0.8980 TP2 0.9020 TP3 0.9070

    On the daily chart, EUR/GBP is consolidating within a bullish channel. A break of its lower border near 0.8740 will increase the risks of the pair going to 200% target of AB=CD. On the other hand, bears’ inability to let the pair below the diagonal support will allow bulls to resume the uptrend.

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    On H1, EUR/GBP keeps forming the “Head and shoulders”. To continue the rally, the pair needs to break above resistance at 0.8890.

    [​IMG]

    More:
    https://fbs.com/analytics/articles/eur-gbp-bulls-grip-a-straw-5888
     
  16. riki143

    riki143 Master Trader

    6,293
    4
    59
    EUR/USD Daily Analytics
    09:45 22.12.2017

    [​IMG]

    There's a "Double Top" pattern, so the price was declining, but the 34 Moving Average acted as support. Therefore, we've got a bullish "Thorn" pattern. In this case, we should keep an eye on the nearest resistance at 1.1902 as an intraday target.

    [​IMG]

    The 89 Moving Average has acted as support, so there's a "Thorn" pattern. However, a "V-Top" was formed afterwards, so the pair is likely going to test the closest support at 1.1833, which could be a departure point for an upward price movement.

    More:
    https://fbs.com/analytics/articles/eur-usd-thorn-pattern-5893
     
  17. riki143

    riki143 Master Trader

    6,293
    4
    59
    GBP/USD Daily Analytics
    09:48 22.12.2017

    [​IMG]

    The price is still consolidating along the Moving Averages. The main intraday target is the next resistance at 1.3419 - 1.3445. If a pullback from this area happens little later on, there'll be an opportunity to have a decline towards the closest support at 1.3336 - 1.3319.

    [​IMG]

    There's a consolidation, which is taking place between the levels 1.3386 - 1.3369. It's likely that bears are going to achieve the next support at 1.3350. Meanwhile, if a pullback from this level is on the table, we could have another upward price movement in the direction of the nearest resistance at 1.3419 - 1.3430.

    More:
    https://fbs.com/analytics/articles/gbp-usd-price-is-still-consolidating-5894
     
  18. riki143

    riki143 Master Trader

    6,293
    4
    59
    EUR/USD Daily Analytics
    09:52 22.12.2017

    [​IMG]

    There's a "Tower" pattern, which has been formed on the upper "Window". So, the market is likely going to test the 55 Moving Average line, which could be a departure point for another bullish rally.

    [​IMG]

    There are bearish patterns such a "Hanging Man" and a "High Wave", which both have been confirmed. Therefore, the price is likely going to reach the lower "Window" in the coming hours.

    More:
    https://fbs.com/analytics/articles/eur-usd-tower-pattern-5895
     
  19. riki143

    riki143 Master Trader

    6,293
    4
    59
    USD/JPY Daily Analytics
    09:54 22.12.2017

    [​IMG]

    We've got a "Shooting Star", which has been formed at the last local high. In this case, we should keep an eye on the Moving Averages as the next intraday target. If a pullback from these lines happens, there'll be an opportunity to have another upward price movement.

    [​IMG]

    The last bearish "High Wave" pattern has been confirmed by the "Three Methods". So, the pair is likely going to test the 144 Moving Average in the short term.

    More:
    https://fbs.com/analytics/articles/usd-jpy-bearish-high-wave-pattern-5896
     
  20. riki143

    riki143 Master Trader

    6,293
    4
    59
    EUR/USD Daily Analytics
    15:01 22.12.2017

    [​IMG]

    There's a developing ending diagonal in wave 5 on the four-hour chart. It's likely that wave [iii] is going to move on. The main intraday target is +2/8 MM Level.

    [​IMG]

    4/8 MM Level acted as support, so wave ii might have been formed. Therefore, we're likely going to have an upward price movement in wave iii of (c) of [iii] in the coming hours.

    More:
    https://fbs.com/analytics/articles/eur-usd-4-8-mm-level-acted-as-support-5898
     

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