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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    BITCOIN (BTC/USD)
    00:19 26.12.2017
    The main news in the last days around the cryptocurrencies has been the massive take-profiting action of the Bitcoin after having found resistance around the important psychological level of 19,000. The price has lost about 20% and although it has managed to have a recovery, it seems that the bears want to retake the reins of the pair in the short term.

    At the fundamental level, we have observed that more hedge funds have been betting on the BTC and countries are increasingly resigned to accept companies that trade with cryptocurrency. An example of this is Belarus, whose country has taken measures of tax cuts for those companies that are in the cryptocurrency’s trading.

    Technically, the BTC/USD has broken a bullish trend line, although it tries to stay above the 200-hour moving average, although the Parabolic SAR still does not show that the bulls have resumed the pair's trend. The price remains below the 50-hour moving average, which could serve as a dynamic resistance.

    What do we expect?

    Due to the nature of the sustained decline from the psychological mark of the 19,000, we could be ahead of a doubling of a cycle started from that fall to the lows of last week. This is reinforced by the idea that Bitcoin has fractured an uptrend line. If it breaks below the 200-hour moving average, we could see a break in the support level at 11,588 and then go to the Fibonacci extension of 100% at 5,754. On the upside, if the BTC bounces above the 200-hour moving average, the next target would be the 19,000 milestone.

    [​IMG]

    More:
    https://fbs.com/analytics/articles/...nd-the-corrective-bias-in-the-short-term-5907
     
  2. riki143

    riki143 Master Trader

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    EUR/GBP
    00:21 26.12.2017

    EUR/GBP is following a bullish sequence from December 18th lows, at which gained momentum in order to establish a Fibonacci retracement idea across the board. According to the theory, the pair has made a correction of 50% and it made a rebound that could put the focus towards the -23.6% Fibo level at 0.8911. To the downside, if it manages to break below the 200 SMA at H1 chart, the next target should be the December 18th lows at 0.8791.

    RSI indicator remains in the positive territory, favoring to the bulls.

    [​IMG]

    More:
    https://fbs.com/analytics/articles/eur-gbp-on-its-way-to-consolidate-above-08800-5908
     
  3. riki143

    riki143 Master Trader

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    USD/CAD Daily Analytics
    07:19 26.12.2017

    Recommendation:

    SELL 1.2660

    SL 1.2715

    TP1 1.2590 TP2 1.2490 TP3 1.2390

    On the daily chart, USD/CAD keeps consolidating within a short-term trend. A break of its upper border near 1.2895 will create grounds for reaching 88.6% target of the “Shark” pattern. On the other hand, a decline below support at 1.2670 will increase the risks of the medium-term downtrend’s resumption.

    [​IMG]

    On H1, USD/CAD can trigger a “Widening wedge”. To do this, bears need to settle below 1.2715 and then pull the pair below 1.2660 and 1.2625.

    [​IMG]

    More:
    https://fbs.com/analytics/articles/usd-cad-loonie-wants-to-get-out-5913
     
  4. riki143

    riki143 Master Trader

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    AUD/USD Daily Analytics
    07:31 26.12.2017
    Recommendation:

    BUY 0.7650

    SL 0.7595

    TP1 0.7750 TP2 0.7810

    On the daily chart, AUD/USD reached an interim high at 88.6% of the junior “Shark” pattern. There may be a pullback to the lower border of the uptrend channel. On the other hand, an advance of resistance at 0.7735-0.7750 will increase the odds of continuation towards 0.7765 (113% target of the junior “Shark” pattern) and 0.7810 (50% of the wave CD of the senior “Shark” pattern).

    [​IMG]

    On H1, AUD/USD formed a “Widening wedge”. Pullbacks to supports at 0.7680 and 0.7650 may be used for buying.

    [​IMG]

    More:
    https://fbs.com/analytics/articles/aud-usd-is-taming-a-shark-5914
     
  5. riki143

    riki143 Master Trader

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    EUR/USD Daily Analytics
    09:43 26.12.2017
    Technical levels: support – 1.1830; resistance – 1.1900.

    Trade recommendations:

    Buy — 1.1850; SL — 1.1830; TP1 — 1.1900; TP2 – 1.1930
    Reason: narrow bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising Kijun-sen; the prices are corrected to SSB and supported on 1.1830.

    [​IMG]

    More:
    https://fbs.com/analytics/articles/eur-usd-euro-supported-by-ssb-5917
     
  6. riki143

    riki143 Master Trader

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    GBP/USD Daily Analytics
    09:44 26.12.2017
    Technical levels: support – 1.3340; resistance – 1.3400.

    Trade recommendations:

    Sell — 1.3330; SL — 1.3350; TP1 — 1.3270; TP2 — 1.3210.
    Buy — 1.3370; SL — 1.3350; TP1 — 1.3470; TP2 — 1.3510.
    Reason: narrow bearish Ichimoku Cloud, horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen, with horizontal lines; the prices are returned to negative area and now in consolidation below the Cloud.

    [​IMG]

    More:
    https://fbs.com/analytics/articles/gbp-usd-pound-returned-to-negative-area-5918
     
  7. riki143

    riki143 Master Trader

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    EUR/USD Daily Analytics
    12:31 26.12.2017

    [​IMG]

    There's a "Double Bottom" pattern, which has been formed above the 34 Moving Average. The main intraday target 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 nearest support at 1.1859 - 1.1833.

    [​IMG]

    We've got a "Flag" pattern, so the pair is likely going to test the closest resistance at 1.1914 - 1.1941 in the coming hours. If a pullback from these levels forms little later on, there'll be a moment to have another downward price movement in the direction of the 34 Moving Average.

    More:
    https://fbs.com/analytics/articles/eur-usd-double-bottom-pattern-5921
     
  8. riki143

    riki143 Master Trader

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    GBP/USD Daily Analytics
    12:34 26.12.2017

    [​IMG]

    The price is still consolidating along the Moving Averages. Also, there's a "Triangle", so the market is likely going to achieve the closest resistance at 1.3419 - 1.3445. If we have a pullback from this area, bears will probably try to reach the nearest support at 1.3336 - 1.3319.

    [​IMG]

    There's a consolidation, which is taking place under the Moving Averages. The main intraday target is the next resistance at 1.3417 - 1.3419. Meanwhile, if a pullback from this area happens, there'll be an opportunity to have a decline towards another support at 1.3369 - 1.3350.

    More:
    https://fbs.com/analytics/articles/gbp-usd-bullish-triangle-5922
     
  9. riki143

    riki143 Master Trader

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    EUR/USD Daily analytics
    12:38 26.12.2017

    [​IMG]

    The upper "Window" has acted as resistance, so the price is consolidating. Also, we've got a "Tower" pattern here. If the 55 Moving Average acts as support, there'll be an opportunity to have another upward price movement.

    [​IMG]

    It's likely to have an "Evening Star". So, the market is likely going to test the 89 Moving Average, which could be a departure point for another upward price movement.

    More:
    https://fbs.com/analytics/articles/eur-usd-window-acted-as-resistance-5923
     
  10. riki143

    riki143 Master Trader

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    USD/JPY Daily Analytics
    12:41 26.12.2017

    [​IMG]

    We've got a "Shooting Star", which has been confirmed enough. In this case, we should keep an eye on the 55 Moving Average as the next intraday target.

    [​IMG]

    The 34 Moving Average is acting as support. Considering that there's a "Three Methods" pattern, the market is likely going to reach the 144 Moving Average in the coming hours.

    More:
    https://fbs.com/analytics/articles/usd-jpy-three-methods-pattern-5924
     
  11. riki143

    riki143 Master Trader

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    EUR/USD Daily Analytics
    05:04 27.12.2017


    [​IMG]

    The price is still trading above 6/8 MM Level, so wave [iii] is likely going to move on. The main intraday target is +2/8 MM Level, which could be a departure point for wave [iv].

    [​IMG]

    4/8 MM Level has acted as support, so there's a leading diagonal in wave [1]. Considering that wave [2] is likely ended, there's an opportunity to have a bullish impulse in wave [3] of iii of (c).

    More:
    https://fbs.com/analytics/articles/eur-usd-4-8-mm-level-acted-as-support-5935
     
  12. riki143

    riki143 Master Trader

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    XAU/USD Daily Analytics
    06:47 27.12.2017
    Recommendation:

    SELL $1275

    SL $1290

    TP1 $1245 TP2 $1221

    On the daily chart, XAU/USD pulled back after reaching 78.6% target of the “Gartley” pattern. Gold returned inside the previous consolidation range of $1266-1300 an ounce. As a result, the prices formed “Shakeout-Fakeout” pattern. This increases the risks of the rally’s continuation. Many things will depend on gold’s ability to settle above the important level of $1281.

    [​IMG]

    On H1, as long as XAU/USD is above support at $1275, bulls remain in control of the situation.

    [​IMG]

    More:
    https://fbs.com/analytics/articles/xau-usd-gold-returned-to-the-game-5937
     
  13. riki143

    riki143 Master Trader

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    GBP/USD Daily Analytics
    06:56 27.12.2017
    Recommendation:

    BUY 1.3445

    SL 1.3390

    TP1 1.3515 TP2 1.3545 TP3 1.384

    On the daily chart, GBP/USD changed consolidation range from 1.3045-1.3320 to 1.3320-1.3525. If the pound exits the current corridor, the odds of triggering AB=CD pattern with a target at 127.2% will increase. On the other hand, a break of support at 1.3320 and the pair’s exit from the uptrend channel will allow bears to expect the pound to go to 88.6% of the “Bat” pattern.

    [​IMG]

    On H1, a successful test of resistance at 1.3445 and 1.3515 will increase the odds of the uptrend’s resumption.

    [​IMG]

    More:
    https://fbs.com/analytics/articles/gbp-usd-got-lost-in-corridors-5938
     
  14. riki143

    riki143 Master Trader

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    AUD/USD Daily Analytics
    08:11 27.12.2017
    Technical levels: support – 0.7680; resistance – 0.7760

    Trade recommendations:

    Sell — 0.7760; SL — 0.7780; TP1 — 0.7680; TP2 — 0.7630.
    Reason: narrowing bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising lines; the prices are entered into the cloudy zone, but there is a strong main resistance on 0.7760.

    [​IMG]

    More;
    https://fbs.com/analytics/articles/aud-usd-aussie-is-under-resistance-5940
     
  15. riki143

    riki143 Master Trader

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    USD/JPY Daily Analytics
    08:12 27.12.2017
    Technical levels: support – 113.00, 112.80; resistance – 113.60.

    Trade recommendations:

    Buy — 113.00; SL — 112.80; TP1 — 113.60; TP2 — 114.00.
    Reason: narrow bearish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the Bulls can’t breaking out the resistance of upper border of the Cloud and the market may return to 113.00.

    [​IMG]

    More:
    https://fbs.com/analytics/articles/usd-jpy-dollar-can’t-breakout-ssa’s-resistance-5941
     
  16. riki143

    riki143 Master Trader

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    EUR/USD Daily Analytics
    13:13 27.12.2017

    [​IMG]

    The price is consolidating near the 34 Moving Average. The main intraday target is the next support at 1.1833 - 1.1816. If a pullback from these levels arrives, we could have an upward price movement towards another resistance at 1.1901 - 1.1919.

    [​IMG]

    There's a consolidation, which is taking place between the levels 1.1871 - 1.1890. It's likely that the pair is going to achieve the next support at 1.1833 - 1.1816. Meanwhile, if a pullback from this area happens, there'll be an opportunity to see a bullish price movement in the direction of the closest resistance at 1.1901 - 1.1941.

    More:
    https://fbs.com/analytics/articles/eur-usd--pair-going-to-reach-next-support-5952
     
  17. riki143

    riki143 Master Trader

    6,293
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    GBP/USD Daily Analytics
    13:15 27.12.2017

    [​IMG]

    The price is still consolidating in a range of the triangle. The main intraday target is the next resistance at 1.3419 - 1.3445. This area could be a departure point for a decline towards the closest support at 1.3336 - 1.3319.

    [​IMG]

    All the Moving Averages have been broken, so bulls are likely going to test the next resistance at 1.3419 - 1.3430. If we have a pullback from these levels, there'll be a moment to have a decline towards the closest support at 1.3369 - 1.3350.

    More:
    https://fbs.com/analytics/articles/gbp-usd-all-moving-averages-broken-5953
     
  18. riki143

    riki143 Master Trader

    6,293
    4
    59
    USD/JPY Daily Analytics
    13:18 27.12.2017

    [​IMG]

    There's a "Hammer" pattern, which has been formed on the 21 Moving Average. So, the market is likely going to test the upper "Window" in the coming hours.

    [​IMG]

    The 55 Moving Average acted as support, so we've got a "Harami" pattern on this line. Therefore, there's an opportunity to have a new local high in the short term.

    More:
    https://fbs.com/analytics/articles/usd-jpy-hammer-pattern-5954
     
  19. riki143

    riki143 Master Trader

    6,293
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    EUR/USD Daily Analytics
    13:21 27.12.2017

    [​IMG]

    There's still no any reversal pattern so far, cause all the last candles are bullish. Therefore, the price is likely going to test the next upward "Window".

    [​IMG]

    The 34 Moving Average has acted as support, so we've got an "Engulfing" pattern on this line. In this case, the pair is likely going to continue moving up.

    More:
    https://fbs.com/analytics/articles/eur-usd-engulfing-pattern-5955
     
  20. riki143

    riki143 Master Trader

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    EUR/USD Daily Analytics
    07:29 28.12.2017

    Technical levels: support – 1.1900; resistance – 1.1960.

    Trade recommendations:

    Sell — 1.1950; SL — 1.1970; TP1 — 1.1900
    Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising lines, but the market is on the 5W-highs and expected a correction.

    [​IMG]

    More:
    https://fbs.com/analytics/articles/eur-usd-euro-on-november-highs-5968
     

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