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USD/CHF: FRANC IS LOSING GROUND 06:49 21.03.2018 More: https://goo.gl/9EqUge Recommendation: BUY 0.9520 SL 0.9465 TP1 0.9620 TP2 0.9720 TP3 0.9770 On the daily chart of USD/CHF, bulls managed to settle above an important level of 0.9510. This indicates their strength and allows to expect an advance to 88.6% target of the “Shark” pattern. To begin with, however, the pair needs to get out of the descending channel. On H1, there’s a sustainable uptrend. Pullbacks to support at 0.9520 and 0.9480 should be used for buying with targets at 161.8% and 200% of AB=CD.

GBP/USD: THE POUND DREW AN INSIDE BAR 07:31 21.03.2018 More: https://goo.gl/zKyhLS Recommendations: BUY 1.4065 SL 1.401 TP1 1.4165 TP2 1.4225 On the daily chart of GBP/USD, there was a natural pullback after the pair reached the 88.6% target of the subsidiary “Shark” pattern. An inside bar was formed. A break of the resistance at 1.4065 will increase risks of the rally’s continuation to the 88.6% target of the parent “Shark” pattern. On H1, the formation of the reversal “Three Indians” pattern endangered the implementation of “Wolfe Waves” and “Shark” patterns. To continue the uptrend, bulls need to break the resistance at 1.4065.

USD/JPY Daily Analytics 14:28 21.03.2018 There's a "Shooting Star" pattern, which has been formed on the 55 Moving Average, so we're likely going to have a local bearish correction. Nevertheless, bulls will probably try to test the 89 MA afterwards. The price is consolidating along the Moving Averages. It's likely that bears are going to test the nearest support once again. If we have another pullback from this level, there'll be a moment to have an upward price movement in the direction of the upper "Window". More: https://goo.gl/2YPszj

EUR/USD Daily Analytics 14:27 21.03.2018 There's a bullish "Harami", which has been confirmed, so the market is likely going to test the Moving Averages soon. If a pullback from these lines happens little later on, there'll be an opportunity to have another decline. We've got a bearish "High Wave", so the pair is likely going to test the lower "Window" once again. A pullback from this level will be a departure point for an upward price movement towards the Moving Averages. More: https://goo.gl/ndmi4T

GBP/USD Daily Analytics 07:31 21.03.2018 Recommendations: BUY 1.4065 SL 1.401 TP1 1.4165 TP2 1.4225 On the daily chart of GBP/USD, there was a natural pullback after the pair reached the 88.6% target of the subsidiary “Shark” pattern. An inside bar was formed. A break of the resistance at 1.4065 will increase risks of the rally’s continuation to the 88.6% target of the parent “Shark” pattern. On H1, the formation of the reversal “Three Indians” pattern endangered the implementation of “Wolfe Waves” and “Shark” patterns. To continue the uptrend, bulls need to break the resistance at 1.4065. More: https://goo.gl/urPabh

USD/CHF Daily Analytics 06:49 21.03.2018 Recommendation: BUY 0.9520 SL 0.9465 TP1 0.9620 TP2 0.9720 TP3 0.9770 On the daily chart of USD/CHF, bulls managed to settle above an important level of 0.9510. This indicates their strength and allows to expect an advance to 88.6% target of the “Shark” pattern. To begin with, however, the pair needs to get out of the descending channel. On H1, there’s a sustainable uptrend. Pullbacks to support at 0.9520 and 0.9480 should be used for buying with targets at 161.8% and 200% of AB=CD. More: https://goo.gl/irW7yv

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EUR/USD: BEARISH "HIGH WAVE" PATTERN 12:13 20.03.2018 More: https://goo.gl/Hij5fh There're bearish patterns such a "Tower" and a "Shooting Star", which both have been confirmed. So, the market is likely going to test the 144 Moving Average, which could be a departure point for another bullish price movement. The last bearish "High Wave" pattern led to the current decline. It's likely that the pair is going to test the next support area in the short term. If any reversal pattern forms afterwards, bulls will probably try to deliver an upward price movement.

USD/JPY: MAIN TARGET IS 89 MA 12:15 20.03.2018 More: https://goo.gl/tcsdvZ The pair has been rising since the last "Engulfing" pattern formed. The main target is the 89 Moving Average. If a pullback from this line happens little later on, there'll be a moment for another decline. There's a bearish "High Wave" pattern, which hasn't been confirmed yet. So, if a pullback from the Moving Averages happens, bulls are likely going to test the upper "Window".

USD/JPY Daily Analytics 12:15 20.03.2018 The pair has been rising since the last "Engulfing" pattern formed. The main target is the 89 Moving Average. If a pullback from this line happens little later on, there'll be a moment for another decline. There's a bearish "High Wave" pattern, which hasn't been confirmed yet. So, if a pullback from the Moving Averages happens, bulls are likely going to test the upper "Window". More: https://goo.gl/ncX2VK

EUR/USD Daily Analytics 12:13 20.03.2018 There're bearish patterns such a "Tower" and a "Shooting Star", which both have been confirmed. So, the market is likely going to test the 144 Moving Average, which could be a departure point for another bullish price movement. The last bearish "High Wave" pattern led to the current decline. It's likely that the pair is going to test the next support area in the short term. If any reversal pattern forms afterwards, bulls will probably try to deliver an upward price movement. More: https://goo.gl/dH88Xq

USD/JPY Daily Analytics 07:22 20.03.2018 Technical levels: support – 105.80; resistance – 106.25. Trade recommendations: Buy — 106.30; SL — 106.10; TP1 — 107.50; TP2 — 107.80. Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but narrowing channel of Tenkan-Kijun; the market is breaking out the resistance of Tenkan-sen and Kijun-sen. More: https://goo.gl/E7WTEF

AUD/USD Daily Analytics 07:20 20.03.2018 Technical levels: support – 0.7690; resistance – 0.7740, 0.7780 Trade recommendations: Buy — 0.7700; SL — 0.7680; TP1 — 0.7740; TP2 — 0.7780. Reason: bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen; the market is oversold and aussie may go to Tenkan-sen in correctional movement. More: https://goo.gl/nbMcDv

XAU/USD Daily Analytics 07:15 20.03.2018 Recommendations: BUY 1302 SL 1287 TP1 1.332 TP2 1340 TP3 1365 On the daily chart of XAU/USD, there is consolidation in the range of 1302-1340 within the “Spike and ledge” pattern on the base of 1-2-3. A break of the bottom line will increase risks of decline to the 88.6% target of the “Bat” pattern. Vice versa, a successful hit of the resistance at 1340 may lead to a recovery of the uptrend. On H1, a realization of “Head and shoulders” and AB=CD patterns is continuing. If the pair reaches the 161.8% target of the AB=CD pattern, reversal risks will increase. More: https://goo.gl/Txae7V

USD/CAD Daily Analytics 06:54 20.03.2018 Recommendation: BUY 1.2960 SL 1.2905 TP1 1.3060 TP2 1.3250 TP3 1.3350 On the daily chart of USD/CAD, the pair reached 113% and 127.2% targets of “Shark” and AB=CD. This increases the risk of a correction. At the same time, as long as the pair remains above 1.2915, bulls are in total control of the situation. On H1, there’s a sustainable uptrend. The pair’s confidently moving towards 161.8% target of AB=CD. In case of a pullback with the following recovery from support levels at 1.3000 and 1.2960, traders will have a chance to open long positions. More: https://goo.gl/ECB3D5

FBS Video Lessons In this video Tutorial LESSON 14. DEFINITIONS: TREND, CORRECTION, REVERSAL, SUPPORT, RESISTANCE It’s important to determine the trend because trading in the direction of the trend (buy during the uptrend and sell during the downtrend) is less risky and more profitable. As traders say, a trend is your friend. Learn more https://goo.gl/pa2bMU Do not forget to chose your language from the video's subtitles

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GBP/USD: BULLISH "FLAG" PATTERN 10:56 19.03.2018 More: https://goo.gl/cUVypL There's a bullish "Flag", so the market is likely going to test the next resistance at 1.3996 - 1.4069. This area could be a starting point for a decline towards another support at 1.3928 - 1.3888. The price is still consolidating in a range of the developing "Flag" pattern. Also, there's a pullback from the Moving Averages, so the pair is likely going to test the closest resistance at 1.3996 - 1.4023 in the short term.

USD/JPY: FOREX OUTLOOK 08:48 19.03.2018 More: https://goo.gl/tPnmQY The yen is appreciating against the greenback again. Despite attempts of the US dollar to return its positions, news from the White House did not let the greenback to recover. Worries about the Trump’s protectionism and trade wars were reinforced by the replacements in the White House. The US President fired the Secretary of State Rex Tillerson and appointed the ex-director of CIA Mike Pompeo to this position. Both economic and political international policy of the US may become tighter. A new White House economic adviser announced a tougher policy in regard to China. Today the dollar weakened further as investors considered the implications of continuing personnel turmoil in the Trump administration. According to the Washington Post, Mr. Trump plans to remove his national security adviser. Now the pair has come to 61.8 Fibonacci Retracement, if it is able to break it, the next support lies at 105.5. However, there are chances that the greenback will find the support next week and the direction of USD/JPY will finally change. On next Wednesday we anticipate the US rate’s hike. According to forecasts, the Fed will raise the interest rate to 1.75%. Furthermore, a scandal with Japanese finance minister that is related to the school land sale still puts pressure on the yen. If there is an escalation of the scandal, the yen will weaken. That is not so bad for the Japanese currency because the dollar’s plunge below 105 will be critical for the yen and the Bank of Japan policy.

EUR/USD Daily Analytics 10:58 19.03.2018 The main trend is still bullish, but there's a "V-Bottom" pattern, so the market is likely going to test the Moving Averages. If a pullback from these lines happens little later on, there'll be a moment for another decline. There're two "V-Bottom" patterns in a row, so it's time for a bullish correction. The main intraday target is the nearest resistance area at 1.2313, which could be a departure point for a decline in the direction of the next support at 1.2254 - 1.2233. More: https://goo.gl/rDDTZk

GBP/USD Daily Analytics 10:56 19.03.2018 There's a bullish "Flag", so the market is likely going to test the next resistance at 1.3996 - 1.4069. This area could be a starting point for a decline towards another support at 1.3928 - 1.3888. The price is still consolidating in a range of the developing "Flag" pattern. Also, there's a pullback from the Moving Averages, so the pair is likely going to test the closest resistance at 1.3996 - 1.4023 in the short term. More: https://goo.gl/joz4TP

GBP/USD Daily Analytics 07:41 19.03.2018 Technical levels: support – 1.3890; resistance – 1.3940, 1.4010. Trade recommendations: Buy — 1.3950; SL — 1.3930; TP1 — 1.4010; TP2 — 1.4070. Reason: bullish Ichimoku Cloud with horizontal Senkou Span A and B; a cancelled golden cross of Tenkan-sen and Kijun-sen, the lines are horizontal; the market is still on the support of the Cloud. More: https://goo.gl/D1ai5a

EUR/USD Daily analytics 07:40 19.03.2018 Technical levels: support – 1.2260, 1.2210; resistance – 1.2300. Trade recommendations: Sell — 1.2280; SL — 1.2300; TP1 — 1.2210; TP2 — 1.2130 Reason: narrowing irregular bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen; the market are in the negative area and made the new lows. More: https://goo.gl/LzeMxV

AUD/USD Daily analytics 06:50 19.03.2018 Recommendation: SELL 0.774 SL 0.7795 TP1 0.766 TP2 0.7635 TP3 0.757 On the daily chart of AUD/USD, the inability of bulls to rise above resistance near 0.79 was the first signal of their weakness. The return of the pair inside the downtrend and their exit from the downside channel means that bears seized the initiative. On H1, the closeness of 113% target of the “Shark” increases the odds of consolidation. Bears are in control of the situation, so the pullbacks may be used for selling. More: https://goo.gl/uwB59q