Jump to content

Welcome to Digital Money Talk Forum - Forex, Ecurrency exchange and Cryptocurrency Forum Sponsored By Soft-mining.net, Tea-house.biz and BTC-Avalanche.com
Register now to gain access to all of our features. Once registered and logged in, you will be able to create topics, post replies to existing threads, give reputation to your fellow members, get your own private messenger, post status updates, manage your profile and so much more. If you already have an account, login here - otherwise create an account for free today!









Soft-mining


Secure-Investment



Read our Advertising Disclaimers


Refund Policy


Photo

FBS.com - Daily/Weekly Analysis / Market News


  • Please log in to reply
7266 replies to this topic

#7261
riki143

riki143

    Advanced Member

  • Members
  • PipPipPip
  • 4,492 posts
GBP/USD: "Double Top" led to bearish correction
3/24/2017
 
24-3-2017-GBP-H4.png
 
The pair faced a resistance at 1.2522, so we’ve got a confirmed “Double Top”, which pushed the price to a support at 1.2477. In this case, the market is likely going to achieve the next support at 1.2438 – 1.2411 in the short term. If bears be stopped here, there’ll be a chance to have a bullish price movement towards a resistance at 1.2522 – 1.2547.
 
24-3-2017-GBP-H1.png
 
We’ve got a “Triple Top”, which has been confirmed, so the price is consolidating near a support at 1.2477. Under this circumstances, bears are likely going to test the 89 Moving Average, which could be a departure point for another upward price movement.
 
More:

  • 0

#7262
riki143

riki143

    Advanced Member

  • Members
  • PipPipPip
  • 4,492 posts
GBP/USD: outlook for March 27-31
3/24/2017
 
The British pound soared to 1.2530 mainly on the upbeat economic releases coming from the UK. CPI figures pushed up through the Bank of England’s 2% target. UK monthly retail sales posted a stronger-than-expected growth of 1.4% having broken a weakening trend which was present in the past two months.
 
Next week on March 29 the UK PM Theresa May will finally invoke Article 50 of the Lisbon treaty and start lengthy negotiation over Britain’s departure from the EU. As most of the negative news and Brexit uncertainty is already reflected in the price, we don’t expect massive troughs from the pound. Another market trigger will probably be Trump’s fiscal policies. On the data front, traders will closely watch US consumer confidence indicator, final GDP, and unemployment claims. UK current account data and final GDP figures will be released on Friday.
 
Technically, the bullish phase that has started on Monday is still intact. The next physical hurdles can be found at 1.2570 (February 24 high) and 1.2620 (trendline from December high). But the numerous fundamental factors that we’ve previously identified will probably not allow the pound to hit these levels. As we approach towards the official launch of the Brexit negotiations GBP/USD will probably slide towards the supports at 1.2420 (100-day MA), 1.2377 (200-H4 MA) and 1.2105 (March low). 
 
GBPUSDDaily(38).png
 
More:

  • 0

#7263
riki143

riki143

    Advanced Member

  • Members
  • PipPipPip
  • 4,492 posts
EUR/USD: "Window" waiting for bulls
3/24/2017
 
2403eurusdh4.png
 
We’ve got a “Morning Doji Star”, which has been confirmed enough. Therefore, the market is likely going to reach the upper “Window”. If a pullback from this level happens, there’ll be an opportunity to have a bearish correction.
 
2403eurusdh1.png
 
There’s a “Tweezers” at the local low. At the same time, we’ve got a bearish “Doji”, but this pattern hasn’t been confirmed yet. So, there’s an opportunity to have a local correction. However, bulls are likely going to deliver a new high.
 
More:

  • 0

#7264
riki143

riki143

    Advanced Member

  • Members
  • PipPipPip
  • 4,492 posts
USD/JPY: bears going to test the nearest support
3/24/2017
 
2403usdjpyH4.png
 
The last bearish “Engulfing” hasn’t been confirmed yet. Therefore, the market is likely going to continue moving down towards the nearest support level. If any bullish pattern arrives afterwards, bulls will probably try to deliver an upward correction.
 
2403usdjpyH1.png
 
The 34 Moving Average acted as a resistance, so we’ve got a confirmed “Engulfing” on this line. In this case, bears are likely going to continue pushing the price lower, so we could have a new low soon.
 
More:

  • 0

#7265
riki143

riki143

    Advanced Member

  • Members
  • PipPipPip
  • 4,492 posts
EUR/USD: wave 2 is going to be ended
3/24/2017
 
Image20170324172020001.png
 
Wave 2 is taking form of a double zigzag. The main intraday target for wave © of [y] is +2/8 MM Level. If a pullback from this line happens, there’ll be an opportunity to have a bearish wave.
 
Image20170324172020002.png
 
As we can see on the one-hour chart, there’s a diagonal triangle in wave v of ©. Therefore, bulls are likely going to deliver a new local high during the day. If a pullback from the upper side of the triangle be on the table, bears will probably try to deliver a local correction.
 
More:

  • 0

#7266
riki143

riki143

    Advanced Member

  • Members
  • PipPipPip
  • 4,492 posts
EUR/CAD reversed from key support level 1.4370
3/24/2017
 
EUR/CAD reversed from key support level 1.4370
Next buy targets - 1.4500 and 1.4600
EUR/CAD continues to rise after the earlier upward reversal from the key support level 1.4370 (former strong resistance level from December, acting as support now after it was broken previously by the active minor C-wave which belongs to the intermediate ABC correction (B) from the middle of February.
 
EUR/CAD is expected to rise further to the next buy target at the resistance level 1.4500 (which reversed the price earlier this month) – the breakout of which can lead to further gains toward 1.4600.
 
EURCAD_-_Primary_Analysis_-_Mar-24_1654_
 
More:

  • 0

#7267
riki143

riki143

    Advanced Member

  • Members
  • PipPipPip
  • 4,492 posts
CAD/CHF broke key support level 0.7450
3/24/2017
 
CAD/CHF broke key support level 0.7450
Next sell target - 0.7350
CAD/CHF continues to fall after the earlier breakout of the key support level 0.7450 (which stopped the previous sharp minor impulse wave 1 in December, as can be seen below). The breakout of this support level accelerated the active minor impulse wave 3, which belongs to the intermediate downward impulse wave (1) from the start of December.
 
CAD/CHF is expected to fall further toward the next sell target at the support level 0.7350 (target price for the completion of the active minor impulse wave 3).
 
CADCHF_-_Primary_Analysis_-_Mar-24_1652_
 
More:

  • 0