Jump to content

Exchange Blog Cryptocurrency Blog


All Pips



FBS.com - Daily/Weekly Analysis / Market News


Recommended Posts

EUR/USD Daily Analytics

11:13 13.11.2017

 

1510571512-2bea4692fccb24aee0994deb43c41

 

The 55 Moving Average is acting as resistance, so we've got a "Shooting Star" on this line. However, confirmation of this pattern is a quite weak, so we could have just a local bearish correction. If a pullback from the nearest support happens little later on, there'll be an opportunity to have an upward price movement towards the 89 Moving Average.

 

1510571512-e2de2ed09e6883bdb2b0a6f37571c

 

There's a bearish "Three Methods" pattern, which has been strongly confirmed. Also, there isn't any reversal pattern so far. In this case, the market is likely going to decline in the direction of the nearest support level, which could be a departure point for another bullish rally.

 

More:


Link to comment
Share on other sites

  • Replies 9.6k
  • Created
  • Last Reply

Top Posters In This Topic

USD/JPY Daily Analytics

11:16 13.11.2017

 

1510571512-9a4f23117e8c8b10c47844fc0b486

 

The 21 & 34 Moving Averages are acting as resistance, so there's a bearish "Harami" pattern, which has been confirmed enough. Therefore, the price is likely going to get support on the lower "Window" in the short term.

 

1510571512-cc5d47234ad47aef35a517251ffce

 

The price has been consolidating under the Moving Averages. Also, there's a bearish "Tower", which has been confirmed by the last "Three Methods" pattern. So, the market is likely going to continue declining during the day.

 

More:


Link to comment
Share on other sites

XAU/USD Daily Analytics

07:28 14.11.2017

Recommendations:

 

SELL $1268 SL $1280 TP1 $1237 TP2 $1212

 

BUY $1287 SL $1275 TP $1310 TP2 $1321

 

On the daily chart, XAU/USD formed a triangle. A break of its upper border close to $1266 an ounce will return the price inside the downtrend channel and increase the odds of achieving 78.6% and 200% of Gartley and AB=CD. On the other hand, successful test of resistance at $1288 will revive hope for the uptrend’s resumption.

 

1510644461-3c3c5205e2350e553c87bfb24c322

 

On H1, XAU/USD formed a “Widening wedge”. Traders can bet on the break of $1268-1287 range.

 

1510644476-ccae822ec07d68fa61b1c2713a582

 

More:


Link to comment
Share on other sites

USD/CAD Daily Analytics

07:43 14.11.2017

Recommendation:

 

BUY 1.2830

 

SL 1.2775

 

TP1 1.2985 TP2 1.3075

 

On the daily chart, the inability of bears to let USD/CAD outside of the uptrend channel points at sellers’ weakness. Bulls managed to hold to 1.2717 and are able to go to 88.6% target of the “Shark” pattern.  

 

1510645252-3c3c5205e2350e553c87bfb24c322

 

On H1, a break of the upper border of the downtrend channel increases the risks of triggering AB=CD pattern and reaching 127.2%, 161.8%, and 200% targets. However, at first, bulls need to push the pair above 1.2830.

 

1510645270-ccae822ec07d68fa61b1c2713a582

 

More:


Link to comment
Share on other sites

EUR/USD Daily Analytics

08:38 14.11.2017

 

1510648601-7f7d90fa266b7c9d90d440cb2b4bc

 

The main trend is still bearish, but the price is consolidating. The 55 Moving Average is acting as resistance, so the pair is likely going to reach the nearest support at 1.1634 - 1.1615 in the short term. If a pullback from this levels happens little later on, we could have another upward price movement towards the next resistance at 1.1695 - 1.1724.

 

1510648601-513d1295fd2f8017b6f5c46f47db7

 

There's a "Double Bottom" pattern, which has been formed above the 34 Moving Average, so the price is consolidating. The main intraday target is the closest resistance at 1.1689 - 1.1695. If we have a pullback from this area, bears will probably try to reach the 89 MA.

 

More:


Link to comment
Share on other sites

GBP/USD Daily Analytics

08:41 14.11.2017

 

1510648601-385e945e408ab40aed8bac9aabe5e

 

Bears faced support at 1.3087, so there's a "V-Bottom" pattern, which pushed the price higher. Nevertheless, if the 34 Moving Average acts as resistance, there'll be an opportunity to have a decline towards the nearest support at 1.3087 - 1.3069. This area could be a departure point for another bullish price movement.

 

1510648602-7a253533ade5dd8e88158d595558e

 

There's a "V-Bottom" pattern, which led to the current upward price movement. The main intraday target is the nearest resistance at 1.3150. Meanwhile, if we have a pullback from this level, bears will have a green light to test the closest support at 1.3085 afterwards.

 

More:


Link to comment
Share on other sites

EUR/USD Daily Analytics

09:22 14.11.2017

Technical levels: support – 1.1660; resistance – 1.1725.

 

Trade recommendations:

 

Sell — 1.1725; SL — 1.1745; TP1 — 1.1660; TP2 – 1.1640

Reason: bearish Ichimoku Cloud, but rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising lines; the prices are inside a Cloud, but there is a strong resistance of Senkou Span B.

 

1510651346-5974574d0f06c411e972e24d898d2

 

More:


Link to comment
Share on other sites

GBP/USD Daily Analytics

09:23 14.11.2017

Technical levels: support – 1.3070; resistance – 1.3120.

 

Trade recommendations:

 

Sell — 1.3120; SL — 1.3140; TP1 — 1.3070; TP2 — 1.3010.

Reason: bearish Ichimoku Cloud with horizontal lines Senkou Span A and B; a cancelled golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market in consolidation under the bottom border of the Cloud.

 

1510651346-5838ef800660551113de2aff99712

 

More:


Link to comment
Share on other sites

EUR/USD Daily Analytics

14:57 14.11.2017

 

1510671350-63d0ef4f684e15daa2a144be2cef8

 

The price has broken all the Moving Averages, but there isn't any reversal pattern so far, cause all the last candles are bullish. So, if the 89 Moving Average acts as support, there'll be an opportunity to have another upward price movement.

 

1510671350-fb062b7ce83fe92d9259db409d6a7

 

Bulls reached the "Window", but there isn't any reversal pattern for now. However, if any bearish pattern forms in the coming hours, we could have a downward correction.

 

More:


Link to comment
Share on other sites

USD/JPY Daily Analytics

15:00 14.11.2017

 

1510671350-8308932f882bb8d3223f907ba60d5

 

The upper "Window" acted as resistance, so there's a "Shooting Star" pattern, which hasn't been confirmed yet. In this case, we could have a bearish price movement in the short term.

 

1510671350-90cf0091928d2d5b86518c65062a3

 

We've got bearish patterns such a "Harami" and a "Three Black Crows", which both have been confirmed. So, the market is likely going to continue falling down during the day.

 

More:


Link to comment
Share on other sites

USD/CHF Daily Analytics

06:42 15.11.2017

Recommendation:

 

BUY 0.9985

 

SL 0.993

 

TP1 1.0085 TP2 1.0145

 

On the daily chart, USD/CHF is getting outside of the trade channel. This increases the odds of correction. If bears manage to pull the pair below support at 0.9890 and fix below it, chances of continuation of the pullback to 0.9775-0.9800 will increase.

 

1510728033-a5903a7f3cf43bc4f33886526fd84

 

On H1, return to the middle of the previous consolidation range of 0.9940-1.0035 will trigger “Shakeout-Fakeout” and be a signal for opening longs. There we also find the lower border of an uptrend channel.

 

1510728056-351a015a31e5fdb2fee97b43bc66a

 

More:


Link to comment
Share on other sites

GBP/USD Daily Analytics

06:54 15.11.2017

Recommendation:

 

BUY 1.3295 SL 1.324 TP 1.3415 TP2 1.352

 

SELL 1.3045 SL 1.31 TP1 1.289 TP2 1.2715

 

On the daily chart, GBP/USD keeps consolidating in 1.3045-1.3320 range. A successful test of its lower border will open bears way down to 200% target of AB=CD. On the other hand, a rise above 1.3320 will increase the risks of uptrend’s resumption.

 

1510728726-b6b56ed02b1869ac79ae2067aff9c

 

On H1, there’s the senior widening wedge pattern. Taking into account increased volatility in November and formation of the junior pattern, play it on the breaks of resistance at 1.3295 and support at 1.3045.

 

1510728770-2cf183d9aa99dd882e50bd88c66a5

 

More:


Link to comment
Share on other sites

EUR/USD Daily Analytics 

09:02 15.11.2017

 

1510736454-3ee7a5039dadb61beb4a1e0945f70

 

Bulls faced with resistance at 1.1787, so the price is consolidating. The main intraday target is the next resistance at 1.1836. If a pullback from this level happens, we could have a bearish correction in the direction of the nearest support at 1.1787.

 

1510736454-23c566b29f9f314f507cd98bf414e

 

There's a bullish "Flag" pattern, so the market is likely going to continue moving up towards the closest resistance at 1.1804 - 1.1836 during the day. However, if a pullback from these levels arrives little later on, there'll be an opportunity to have a downward correction towards the nearest support at 1.1804 - 1.1787.

 

More:


Link to comment
Share on other sites

GBP/USD Daily Analytics

09:08 15.11.2017

 

1510736455-5f48ab39a7c4382e7d92cdf743e72

 

The price is consolidating near the 89 Moving Average. Also, there's a bullish "Thorn" pattern, so the market is likely going to test the next resistance at 1.3182 - 1.3238. If a pullback from these levels happens, we could have a decline towards the closest support at 1.3182 - 1.3150.

 

1510736454-f829e3708898b75281d9d65a85940

 

The Moving Averages have acted as support, so there's a "V-Bottom" pattern. In this case, bulls are likely going to reach the nearest resistance at 1.3179 during the day. If we see a pullback from this level, there'll be time for downward correction.

 

More:


Link to comment
Share on other sites

EUR/USD Daily Analytics

12:35 15.11.2017

 

1510749246-23cf56f4969d00fbc63df8fbda452

 

There's a bullish "Three Methods" pattern, so the price is likely going to test the nearest resistance. If a pullback from this level happens little later on, there'll be an opportunity to have a bearish correction.

 

1510749246-b3a25031b3df84cbe591f5e4a14d6

 

We've got a bearish "Doji", which has been formed at the last local high. So, the lower "Window" is likely going to act as support in the coming hours. If a pullback from this level arrives afterwards, we could have another bullish rally.

 

More:


Link to comment
Share on other sites

USD/JPY Daily Analytics

12:39 15.11.2017

 

1510749246-1936848ed957f7972e3be92d650a4

 

The lower "Window" has acted as support, but there isn't any bullish pattern so far. However, we could have a local upward correction, but bears are likely going to continue to push the price even lower afterwards.

 

1510749246-c2b59e9dbcaa4691c909344e6d159

 

The price is still declining, but there's a bullish "Hammer" at the local low. Meanwhile, this pattern hasn't been confirmed yet, so there's an option to have just a local correction. Therefore, we're likely going to have another decline pretty soon.

 

More:


Link to comment
Share on other sites

EUR/USD Daily Analytics

14:21 15.11.2017

 

1510755605-673d367e866a6a2caef0bd5fd7542

 

The market couldn't fixate below 8/8 MM Level, so there's developing wave 5 of ©. Previously, we had an extension in wave 3. Therefore, the last high is likely going to be broken soon.

 

1510755606-310b6deb7d2e160581e244559fc07

 

Wave 4 took the form of a zigzag, which led to the current upward price movement. The main intraday target for wave is 7/8 MM Level, which could be a departure point for wave [ii] of 5.

 

More:


Link to comment
Share on other sites

TRADING PLAN FOR NOVEMBER 16

14:23 15.11.2017

The US dollar index (DXY) declined below 93.50 on Wednesday. The USD was pressured by the decline of the US Treasury yields. American data came out mixed on Wednesday: there was a slight increase in core CPI growth rate, but wages remained soft. Next support for DXY lies at 93.05 (October 19 low). The US will release unemployment claims and Philly Fed manufacturing index at 15:30 MT time and industrial production at 04:15 MT time on Thursday.  

 

1510755470-dcdc5e817cbccf2a99a3edc3ebb67

 

EUR/USD rose above 1.1800 for the first time in 3 weeks. Demand for the euro rose as investors resumed buying European equities and the region’s economic figures remain strong. Resistance is at October high of 1.1880 and 1.1910.

 

1510756985-ece6c3cfd6736c88dad910dc12d69

 

GBP/USD is hesitating around 1.3170 after the release of the UK labor market figures. Wage growth exceeded forecast a bit, although the inactivity rate – a number of people not working or seeking job – rose by most in nearly 8 weeks. The release of retail sales on Thursday is the next important event in British economic calendar at 11:30 MT time. In addition, the market will await comments from the Bank of England’s governor Carney during the day. On the upside, the pair’s limited by resistance line from September highs at 1.3210. Support is in 1.3090 area (support line since February) ahead of 1.3000 (psychological level).

 

1510755530-19dda06215037e098a5fb4cc55818

 

AUD/USD fell as Australian wage price index disappointed. The Aussie found support at 0.7575 (long-term support line). Attempts to recover will face resistance at 0.7625 (previous support), 0.7650. On Thursday, Australia will release labor market figures at 02:30 MT time.

 

1510755693-875612112b44805221d72d28a5294

 

More:


Link to comment
Share on other sites

EUR/JPY Daily Analytics

07:33 16.11.2017

Recommendation:

 

BUY 133.65

 

SL 133.1

 

TP1 134.65 TP2 136

 

On the daily chart, EUR/JPY reached the targets of “Wolfe waves” pattern. A break of diagonal resistance at 2-4 increased risks of an uptrend’s resumption. To reach targets at 161.8% and 224% of AB=CD the pair should renew November high.

 

1510817510-151f939c6df1fdb4a28b3d5785d89

 

On H1, EUR/JPY formed “Wolfe waves” and “Deep Shark”. Correction to 23.6%, 38.2% and 50% of the wave CD are usually used for forming long positions as the Shark is transforming into 5-0.

 

1510817525-b35d7fb0c22de42ad09055593ba2f

 

More:


Link to comment
Share on other sites

EUR/USD Daily Analytics

07:40 16.11.2017

Technical levels: support – 1.1770; resistance – 1.1850.

 

Trade recommendations:

 

Buy — 1.1790; SL — 1.1770; TP1 — 1.1850; TP2 – 1.1880

Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising lines; the prices are made a new highs and corrected to the support of Tenkan-sen.

 

1510817991-5974574d0f06c411e972e24d898d2

 

More:


Link to comment
Share on other sites

GBP/USD: POUND CAN’T BREAKING SSB’S RESISTANCE

07:41 16.11.2017

Technical levels: support – 1.3110; resistance – 1.3180.

 

Trade recommendations:

 

Sell — 1.3100; SL — 1.3120; TP1 — 1.3050; TP2 — 1.3010.

Buy — 1.3150; SL — 1.3130; TP1 — 1.3260; TP2 — 1.3300.

Reason: narrowing bearish Ichimoku Cloud with rising Senkou Span A; a cancelled dead cross of Tenkan-sen and Kijun-sen; the prices are inside of a Cloud and under pressure of SSB’s resistance.

 

1510817991-5838ef800660551113de2aff99712

 

More:


Link to comment
Share on other sites

EUR/USD Daily Analytics

07:55 16.11.2017

 

1510818849-6feb5bcf5c9747e5b73aeafff63fd

 

The price faced with resistance at 1.1857, so there's a "V-Top" pattern, which pushed the pair to the nearest support at 1.1767 - 1.1743. If a pullback from this area happens little later on, there'll be an opportunity to have a bullish price movement towards another resistance at 1.1836 - 1.1857.

 

1510818849-8ebda1479694508c80350c2fc0809

 

There's a "Double Top" pattern, but the market faced with support at 1.1767, so the price is consolidating. In this case, we could have an upward price movement in the direction of another resistance at 1.1804 - 1.1820. However, if a pullback from these levels happens afterwards, there'll be time for a decline towards the closest support at 1.1767 - 1.1742.

 

More:


Link to comment
Share on other sites

GBP/USD Daily Analytics

07:58 16.11.2017

 

1510818849-11d3b592c6a3a9ecd1f0918106619

 

There's a "Thorn" pattern, so the price is consolidating. The main intraday target is the nearest support at 1.3150 - 1.3109. If a pullback from this area happens little later on, bulls are likely going to reach the next resistance at 1.3182 - 1.3238.

 

1510818849-3e098385663b390504832838a7943

 

The price is consolidating under the Moving Averages. Also, there's a "Thorn" pattern, which has been confirmed. Therefore, the pair is likely going to reach the nearest support at 1.3150 - 1.3153. This area could be a departure point for another upward price movement.

 

More:


Link to comment
Share on other sites

USD/JPY Daily Analytics

07:59 16.11.2017

Recommendation:

 

BUY 113.25

 

SL 112.7

 

TP1 114.25 TP2 114.8

 

On the daily chart, USD/JPY broke the lower border of a rising triangle and then retested it. This was a sign that bears attacked. Sellers tested support at 113 and are trying to fix below it. If they succeed, risks of reaching 88.6% target of a “Shark” pattern will increase.

 

1510819021-3297c54597baddc0779dab87f7356

 

On H1, USD/JPY is forming “Wolfe waves” pattern. To trigger it the pair needs a convincing test of resistance at 113.25. The inverted “Crab” pattern with a target at 161.8% will be also triggered.

 

1510819037-1f50b4d918123f905c31c70a9dfda

 

More:


Link to comment
Share on other sites

EUR/USD Daily Analytics

09:56 16.11.2017

 

1510826079-ac6721bfa70cf881616dd479e616a

 

There's a developing bullish impulse in wave . Previously, we had a zigzag in wave 4, which means we could have another upward rally. If a pullback from 7/8 MM Level happens little later on, there'll be time for a bearish correction.

 

1510826079-1464f4ffea5b1270663fb2ce9af9d

 

6/8 MM Level acted as resistance, so wave (iii) has been ended. Currently, the price is declining in wave (iv). If a pullback from the 34 Moving Average happens during the day, bulls are likely going to deliver another upward impulse in wave (v) of .

 

More:


Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


×
×
  • Create New...