Market news and trade recommendations by FBS

[riki143]

GBP/JPY Daily Analytics
02:41 12.03.2018
El GBP/JPY se está recuperando desde el 2 de Marzo en un intento por continuar con el sesgo bajista general. El nivel Fibonacci de 65% en 148.24 continúa brindando una fuerte resistencia en el corto plazo y es posible que veamos una retoma del sesgo bajista para ir hacia el nivel Fibonacci de -23.6% en 143.80.

No obstante, los altos del 9 de Marzo podrían ser fracturados para que el par vuelva a tocar los altos del 26 de Febrero en 150.00, el cual es una fuerte barrera psicológica que podría frenar la avanzada en el GBP/JPY. El RSI se mantiene en territorio positivo, al igual que el MACD, por lo que no se descarta otra extensión alcista.

More:
https://goo.gl/35JYZr

 

[riki143]

BTC/USD Daily Analytics
02:42 12.03.2018
During the weekend we were able to observe something important for the Bitcoin price action: support. The outlook seemed to be in favor of the bears in the short term, but during the day of March 11, the BTC/USD pair has encountered a strong barrier of buying contention that is causing the Fibonacci level of 65% in 7856 keep intact.

According to the H1 chart, the Parabolic SAR is in favor of the bulls and now we are seeing that the price could break above the Fibonacci level of 38.2% in 9407. If this is achieved, the cryptocurrency could go towards the 11339 resistance; zone that caused a weakening towards the psychological level of 8000.

What do we expect?

According to our forecasts in the short-term, the buy orders could remain active, since the volume is increasing and the MACD indicator is oscillating in positive territory. The next target would be the 200-hour moving average, which, if fractured, could allow gains to the key resistance of 11339. On the other hand, if the Bitcoin breaks below 7856, the pair could fall to the level Fibonacci of 78.6% in 7068.

More:
https://goo.gl/WyQxeP

 

[riki143]

USD/CHF Daily Analytics
02:43 12.03.2018
USD/CHF remains strong across the board and stays well-consolidated above the 200 SMA at H1 chart. Now, the pair is entering a corrective phase that could allow a leg lower to test the 65% Fibonacci level at 0.9406. Around such area, we can expect a rebound to take place in order to rally towards the next target at the Fibonacci area of -23.6% at 0.9580.

RSI indicator stays in the positive territory, favoring to the bulls in the short-term.

More:
https://goo.gl/LGAWVG

 

[riki143]

NZD/USD Daily Analytics
07:12 12.03.2018
Recommendations:

BUY 0.7430

SL 0.7375

TP1 0.753 TP2 0.756 TP3 0.763

On the daily chart NZD/USD, a consolidation of 0.7185-0.743 is continuing within the “Broadening wedge” pattern. A return of the pair to the uptrend channel, a break of the resistance at 0.743 and 0.7475 will predetermine the recovery of the uptrend.
A

On the H1, the pair has almost reached the 88.6% target of the “Bat” pattern. After the implementation of the pattern, it will transform into the “Crab” pattern. NZD/USD will continue to move within the “Dragon” pattern.

More:
https://goo.gl/Pe2J9J

 

[riki143]

EUR/USD Daily Analytics
07:25 12.03.2018
Technical levels: support – 1.2260; resistance – 1.2350.

Trade recommendations:

Sell — 1.2300; SL — 1.2320; TP1 — 1.2200; TP2 — 1.2160
Buy — 1.2360; SL — 1.2340; TP1 — 1.2450; TP2 — 1.2480
Reason: narrow bullish Ichimoku Cloud with horizontal Senkou Span A and B; a cancelled golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices returned into the Cloud and supported by Cenkou Span A.

More:
https://goo.gl/uyhPr5

 

[riki143]

GBP/USD Daily Analytics
07:26 12.03.2018
Technical levels: support – 1.3760; resistance – 1.3860.

Trade recommendations:

Sell — 1.3840; SL — 1.3860; TP1 — 1.3760; TP2 — 1.3710.
Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen; the prices are supported by Senkou Span A but the Bears looks strong.

More:
https://goo.gl/pwhrgC

 

[riki143]

AUD/USD Daily Analytics
07:07 12.03.2018
Recommendation:

BUY 0.7885

SL 0.7830

TP1 0.7985 TP2 0.8050 TP3 0.8100

On the daily chart of AUD/USD, a break of the line 2-4 and exit from the downtrend channel triggered “Wolfe waves” pattern. As a result, the odds of going to 1-4 (situated near 0.8050-0.8100) with the following resumption of the uptrend increased.

On H1, AUD/USD reached 88.6% target of the “Bat”. As a result, the risks that it will transform to “Crab” increased. The pair continues forming a “Dragon” pattern.

More:
https://goo.gl/YXRt9D

 

[riki143]

EUR/USD Daily Analytics
09:26 12.03.2018

The main trend is still bullish. There's a confirmed "Thorn" pattern, so the market is likely going to test the next resistance at 1.2384 - 1.2445. If a pullback from this area happens little later on, there'll be an opportunity to have a decline towards the nearest support at 1.2359 - 1.2319.

There's a consolidation, which is taking place under the Moving Averages. It's likely that the pair is going to test the closest support at 1.2301 - 1.2283, which could be a departure point for another upward price movement.

More:
https://goo.gl/DwZS4J

 

[riki143]

GBP/USD Daily Analytics
09:28 12.03.2018

There's a local "V-Bottom" pattern, so the price is testing Moving Averages. The main intraday target is the nearest resistance at 1.3915. If a pullback from this level happens afterwards, bears will probably try to achieve another support at 1.3856 - 1.3799.

All the Moving Averages have been broken, so the market is likely going to test the next resistance at 1.3918 - 1.3928 in the short term. Meanwhile, if we see a pullback from this area, there'll be a moment for a decline in the direction of the nearest support at 1.3845 - 1.3816.

More:
https://goo.gl/NRKtt2

 

[riki143]

EUR/USD Daily Analytics
12:48 12.03.2018

The price is consolidating under the Moving Averages. Also, there's a "Shooting Star" pattern, so the market is likely going to test the nearest support area, which could be a departure point for an upward price movement.

The 55 Moving Average acted as resistance, so there's a "Hanging Man" pattern, which has been confirmed. Therefore, the lower "Window" is likely going to act as support in the coming hours.

More:
https://goo.gl/bmeDcJ

 

[riki143]

USD/JPY Daily Analytics
12:50 12.03.2018

The price is consolidating between the Moving Averages. At the same time, there's a bullish "Hammer", so the pair is likely going to test the next resistance area in the short term.

There's an "Engulfing" pattern, which has been formed on the 55 & 89 Moving Averages. In this case, the market is likely going to test the upper "Window" anytime soon.

More:
https://goo.gl/bchd62

 

[riki143]

AUD/USD Daily Analytics
07:46 13.03.2018
Technical levels: support – 0.7850; resistance – 0.7910

Trade recommendations:

Buy — 0.7850; SL — 0.7830; TP1 — 0.7910; TP2 — 0.7940.
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 above the support of Senkou Span B.

More:
https://goo.gl/NRNKnd

 

[riki143]

USD/JPY Daily Analytics
07:48 13.03.2018
Technical levels: support – 106.25; resistance – 107.00.

Trade recommendations:

Buy — 106.60; SL — 106.40; TP1 — 107.40; TP2 — 107.80.
Reason: narrowing bearish Ichimoku Cloud with falling Senkou Span B; a golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen; the market is supported by Kijun-sen and the prices rising to Senkou Span B.

More:
https://goo.gl/oyq6ah

 

[riki143]

XAU/USD Daily Analytics
08:01 13.03.2018
Recommendation:

BUY 1332

SL 1317

TP1 1362 TP2 1385 TP3 1400

On the daily chart of XAU/USD, bulls are trying to keep the pair inside the uptrend channel and don’t lose hope for reaching 127.2% and 161.8% targets of AB=CD. On the other hand, a break below $1302 will increase the risk of correction to 88.6% of the “Bat” pattern.

On H1, the “Shark” pattern is transforming into 5-0. A successful test of resistance at 1331-1332 will allow bulls to make another step towards the uptrend’s resumption.

More:
https://goo.gl/3Fq6Hj

 

[riki143]

USD/CAD Daily Analytics
09:13 13.03.2018
Recommendation:

BUY 1.2710 SL 1.2655 TP1 1.2810 TP2 1.2910 TP3 1.3100

BUY 1.2960 SL 1.2905 TP1 1.3060 TP2 1.3100

On the daily chart of USD/CAD, the “Shark” is transforming into 5-0. Pullbacks from 23.6%, 38.2% and 50% of the wave CD are usually used for formation of long positions. One of the bullish targets may lie at 127.2% of AB=CD pattern.

On H1, USD/CAD keeps forming “Spike and reversal with acceleration”. The necessary condition for the uptrend’s resumption is a break above resistance at 1.2960.

More:
https://goo.gl/MCw3F4

 

[riki143]

EUR/USD Daily Analytics
11:32 13.03.2018

The main trend is still bullish, but there's a developing "Pennant", so the market is likely going to test the nearest support at 1.2275 - 1.2234. If a pullback from this area happens little later on, there'll be a moment for another upward price movement.

The pair is moving up and down in a range of the possible "Pennant" pattern, which hasn't been finished yet. So, the price is likely going to test the next resistance at 1.2345 - 1.2364, which could be a departure point for a decline.

More:
https://goo.gl/vDC9tj

 

[riki143]

GBP/USD Daily Analytics
11:34 13.03.2018

Bulls faced with resistance at 1.3928, so there's a "V-Top" pattern, so the market is likely going to test the closest support at 1.3840. Meanwhile, if a pullback from this level forms afterwards, there'll be an opportunity to have an upward price movement in the direction of the next resistance at 1.3928.

There's a "Double Top" pattern, but the pair found support at 1.3876, so we could have a bullish price movement towards the nearest resistance at 1.3918 - 1.3928. These levels could be a starting point for another decline.

More:
https://goo.gl/CJUz9V

 

[riki143]

EUR/USD Daily Analytics
11:45 13.03.2018

The market is consolidating along the Moving Averages. Also, there's a "Shooting Star" pattern, so the pair is likely going to test the nearest support, which could be a departure point for a bullish price moment in the direction of the next resistance area.

There's a bearish "Doji" pattern, which hasn't been confirmed yet. Therefore, the price is likely going to test the closest support during the day. If any bullish pattern forms little later on, there'll be a moment for a local upward price movement.


More:
https://goo.gl/mjUuPJ

 

[riki143]

USD/JPY Daily analytics
11:47 13.03.2018

The last bullish "Hammer" led to the current upward price movement. There's no any reversal pattern, so we should keep an eye on the 89 Moving Average, which could act as resistance. If so, there'll be time for a bearish correction.

There's no any bearish pattern because all the last candles are bullish. Also, the price has broken the "Window", which acted as resistance many times before. So, it's likely that the pair is going to test this "Window", which could act as support this time.

More:
https://goo.gl/nYq7By

 

[riki143]

USD/CHF Daily Analytics
06:26 14.03.2018
Recommendation:

SELL 0.9415

SL 0.9470

TP1 0.932 TP2 0.926 TP3 0.9225

On the daily chart of USD/CHF, bulls tried twice to overcome resistance at 0.9475 and both times failed. It points at their weakness and increases the possibility of the pair’s decline below the lower border of the uptrend channel and further resumption of the downtrend.

On H1, there’s a “Three Indians” pattern. A break of support at 0.9415 and getting outside of the bullish channel will trigger the “Shark” pattern.

More:
https://goo.gl/Ke8X5o