Market news and trade recommendations by FBS

[riki143]

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.

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

 

[riki143]

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.

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.

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

 

[riki143]

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).

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

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

 

[riki143]

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.

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

 

[riki143]

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.

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

 

[riki143]

EUR/USD Daily Analytics
12:31 26.12.2017

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.

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

 

[riki143]

GBP/USD Daily Analytics
12:34 26.12.2017

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.

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

 

[riki143]

EUR/USD Daily analytics
12:38 26.12.2017

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.

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

 

[riki143]

USD/JPY Daily Analytics
12:41 26.12.2017

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.

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

 

[riki143]

EUR/USD Daily Analytics
05:04 27.12.2017

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].

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

 

[riki143]

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.

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

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

 

[riki143]

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.

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

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

 

[riki143]

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.

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

 

[riki143]

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.

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

 

[riki143]

EUR/USD Daily Analytics
13:13 27.12.2017

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.

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

 

[riki143]

GBP/USD Daily Analytics
13:15 27.12.2017

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.

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

 

[riki143]

USD/JPY Daily Analytics
13:18 27.12.2017

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.

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

 

[riki143]

EUR/USD Daily Analytics
13:21 27.12.2017

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".

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

 

[riki143]

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.

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

 

[riki143]

GBP/USD Daily Analytics
07:30 28.12.2017
Technical levels: support – 1.3400; resistance – 1.3460, 1.3510.

Trade recommendations:

Sell — 1.3450; SL — 1.3470; TP1 — 1.3400; TP2 — 1.3340.
Reason: bearish Ichimoku Cloud, horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, with horizontal lines; the prices are under strong resistance of 1.3460.

More:
https://fbs.com/analytics/articles/gbp-usd-pound-reached-3w-maximums-5969