Jump to content

Exchange Blog Cryptocurrency Blog


All Pips



FBS.com - Daily/Weekly Analysis / Market News


Recommended Posts

GBP/USD Daily Analytics

11:44 07.12.2017

 

1512646830-89a3abc0533d0f9b7229e34cca338

 

The price is consolidating along the 34 Moving Average. Considering that there's a "Double Top" pattern, the market is likely going to test the closest support at 1.3336. If a pullback from this level happens little later on, we could have an upward price movement towards the next resistance at 1.3430 - 1.3454.

 

1512646829-c960202be754e01ea46ce9c84d889

 

There's a "Pennant" pattern, so the pair is likely going to test the nearest support at 1.3336. However, if we have a pullback from this level, there'll be an opportunity to have a bullish price movement in the direction of the closest resistance at 1.3408 - 1.3430.

 

More:


Link to comment
Share on other sites

  • Replies 9.6k
  • Created
  • Last Reply

Top Posters In This Topic

EUR/USD Daily Analytics

11:47 07.12.2017

 

1512647205-89877798acf1e51e8d61e32bacc9c

 

There's still no any reversal pattern, cause all the last candles are bearish. So, the pair is likely going to continue moving down towards the closest support area, which could be a departure point for another upward price movement.

 

1512647205-d08fdc06f7c02d076fa27e20e794d

 

We've got a bearish "Three Methods" pattern, which pushed the market lower. So, the price is likely going to continue declining until any reversal pattern forms.

 

More:


Link to comment
Share on other sites

USD/JPY Daily Analytics

11:50 07.12.2017

 

1512647205-f5b12ff5ec005d4bf2a6409560226

 

The last "High Wave" pattern led to the current upward price movement. Meanwhile, if a pullback from the nearest resistance happens, we could have a downward correction towards the Moving Averages.

 

1512647205-824bd14f1f3d53d01a589cc82fdfe

 

There's still no any reversal pattern, so bulls are likely going to test the upper "Window" in the coming hours. If a pullback from this level happens afterwards, there'll be an opportunity to have a bearish correction

 

More:


Link to comment
Share on other sites

EUR/USD Daily Analytics

11:53 07.12.2017

Technical levels: support – 1.1760; resistance – 1.1880.

 

Trade recommendations:

 

Buy — 1.1760; SL — 1.1740; TP1 — 1.1820; TP2 – 1.1880.

Reason: bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with falling Kijun-sen; the prices are on the strong support of Senkou Span B

 

1512647619-5974574d0f06c411e972e24d898d2

 

More:


Link to comment
Share on other sites

GBP/USD Daily Analytics

11:55 07.12.2017

Technical levels: support – 1.3320; resistance – 1.3420.

 

Trade recommendations:

 

Buy — 1.3320; SL — 1.3340; TP1 — 1.3420; TP2 — 1.3470.

Reason: narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen; the market is in correction movement to bottom border of the Cloud.

 

1512647619-5838ef800660551113de2aff99712

 

More:


Link to comment
Share on other sites

EUR/USD Daily Analytics

12:05 07.12.2017

 

1512648255-74460bc303f3cf9d4fe88aee6fd4e

 

It seems like wave 5 is going to take the form of an ending diagonal pattern. So, if a pullback from 5/8 MM Level happens, there'll be an opportunity to have wave [iii]. The main intraday target is +2/8 MM Level.

 

1512648255-d78867cf211ec7d6058844ec9acd1

 

There's a pullback from 2/8 MM Level, so an ending diagonal in wave © might have been formed. In this case, we could have an upward impulse in wave (a) soon. Therefore, we should keep an eye on 6/8 MM Level as the next bullish target.

 

More:


Link to comment
Share on other sites

EUR/AUD Daily Analytics

14:09 07.12.2017

EUR/AUD reversed from support zone

Next buy target - 1.5760

EUR/AUD continues to rise inside the sharp minor impulse wave (iii) – which recently reversed up from the support area lying between the key support level 1.5500 (which stopped the previous minor correction ii), upper trendline of the recently broken daily up channel from September (acting as support after it was broken earlier) and the 38.2% Fibonacci correction of the previous impulse (i). EUR/AUD is expected to rise to the next buy target at the next resistance level 1.5760 (top of the impulse (i)).

 

GX793cc.png

 

 

More:


Link to comment
Share on other sites

GBP/AUD Daily Analytics

14:10 07.12.2017

 

GBP/AUD reversed from support zone

Next buy target - 1.7900

GBP/AUD recently reversed up with the daily Hammer from the support area lying between the key support level 1.7600 (which reversed the previous impulse wave (iii) in November as can be seen below) and 38.2% Fibonacci correction of the previous minor impulse wave from October. GBP/AUD is expected to rise to the next buy target at the next resistance level 1.7900 (which reversed the previous sharp minor impulse wave (iii)).

 

GX79wjN.png

 

More:


Link to comment
Share on other sites

EUR/USD Daily Analytics

07:57 08.12.2017

Recommendation:

 

SELL 1.1755

 

SL 1.1810

 

TP 1.1640 TP2 1.1600 TP3 1.1550

 

On the daily chart, EUR/USD bears managed to lead the pair outside of the uptrend channel and conquer support at 1.1820. If the bulls’ fortress near 1.1757 fails under their attack, the odds of getting to 127.2% and 161.8% targets of the “Crab” pattern will increase.

 

1512719702-8afba167b3e7c15d0d5d28d0f3c7b

 

On H1, a break below support at 1.1758-1.1759 will created grounds for triggering the “Shark” pattern. Its 88.6% target is near 1.1600. On the other hand, the pullback from an important level will lead to consolidation in the 1.1750-1.1950 area.

 

1512719727-144c086f9efd0dd7367f2818eb875

 

More:


Link to comment
Share on other sites

EUR/GBP Daily Analytics

08:19 08.12.2017

Recommendation:

 

SELL 0.8765

 

SL 0.882

 

TP1 0.8665 TP2 0.8525 TP3 0.844

 

On the daily, EUR/GBP bears managed to lead the pair outside of the long-term uptrend channel. As a result, the odds of the pair reaching 200% target of AB=CD increased. A successful test of support at 0.8693 is a necessary condition for the decline.

 

1512720946-bc1ce4ebdd72b71af2881b8edc2b5

 

On H1, EUR/GBP keeps forming the “Head and shoulders” pattern. The retest of resistance at 0.8765 (used to be a support) may be used for forming short positions.

 

1512720966-311438cdc50bb0f634d8ee27e47a0

 

MoreL:


Link to comment
Share on other sites

AUD/USD Daily Analytics

08:23 08.12.2017

Technical levels: support – 0.7500; resistance – 0.7550

 

Trade recommendations:

 

Sell — 0.7550; SL — 0.7570; TP1 — 0.7500; TP2 — 0.7480.

Reason: bearish Ichimoku Cloud with falling Senkou Span B; a dead cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices made a new lows, but the market is oversold and expected a correction to Tenkan-sen.

 

1512721411-42a68b4bfa2f0515dfbaa054e9dba

 

More:


Link to comment
Share on other sites

USD/JPY Daily Analytics

08:27 08.12.2017

Technical levels: support – 112.80; resistance – 113.50.

 

Trade recommendations:

 

Sell — 113.50; SL — 113.70; TP1 — 112.80; TP2 — 112.50.

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 under strong resistance and the market is overbought.

 

1512721411-3dcc4d3b0e9d38341d309e86e7227

 

More:


Link to comment
Share on other sites

EUR/USD Daily Analytics

11:46 08.12.2017

 

1512733505-04fdd510dd2c8c62421d038d2477b

 

Bears faced with support at 1.1734, but the market is likely going to continue declining. The main intraday target is the nearest support at 1.1712 - 1.1695. If a pullback from this area happens, we could have an upward price movement towards the closest resistance at 1.1776 - 1.1792.

 

1512733505-3e76ed3aec0f02877499123ec465e

 

Considering that the price found support at 1.1734, there's an opportunity to have a bullish correction. Meanwhile, if a pullback from the nearest resistance at 1.1756 happens little later on, bears are likely going to reach the next support at 1.1712 - 1.1695.

 

More:


Link to comment
Share on other sites

GBP/USD Daily Analytics

11:50 08.12.2017

 

1512733505-2282de02cdc8e046c9e85a9995394

 

There's a "Thorn" pattern, which has been confirmed, so the price is likely going to test the nearest resistance at 1.3549 - 1.3569. If a pullback from this area happens, we could have a decline towards the closest support at 1.3454.

 

1512733505-871d1b36daecf2de4b86e9533a065

 

The market is consolidating between the levels 1.3513 - 1.3454. If we see a pullback from the nearest resistance at 1.3513, there'll be an opportunity to have a downward price movement in the direction of another resistance at 1.3549 - 1.3569.

 

More:


Link to comment
Share on other sites

EUR/USD Daily Analytics

12:09 08.12.2017

 

1512734860-d83625c426f4b2e2922638209b12b

 

There's still no any confirmed reversal pattern, so all the last candles are bearish. Therefore, the pair is likely going to continue declining towards the nearest support, which could be a departure point for a bullish correction.

 

1512734859-8ffadcf6ee04d96c4965ef928b6be

 

The price has been declining since a pullback from the upper "Window" formed. Considering that there's no any bullish pattern, the pair is likely going to continue declining until any reversal model arrives.

 

More:


Link to comment
Share on other sites

USD/JPY Daily Analytics

12:12 08.12.2017

 

 

1512734860-995ee909a1aa2c13fde00be210d62

 

The pair has reached the upper "Window", but there isn't any reversal pattern so far. In this case, the market is likely going to continue moving up until any bearish candle model forms.

 

1512734860-0cc165fa86675a1cb477107a034da

 

The last two "Three Methods" patterns pushed the market higher. There's no any bearish pattern, so the market is likely going to climb even higher in the coming hours.

 

More:


Link to comment
Share on other sites

GBP/USD Daily Analytics

06:36 11.12.2017

Technical levels: support – 1.3380; resistance – 1.3420.

 

Trade recommendations:

 

Buy — 1.3430; SL — 1.3410; TP1 — 1.3490; TP2 — 1.3530.

Reason: bearish Ichimoku Cloud, rising Senkou Span A; a cancelled golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices in a cloudy area but there is a strong support on 1.3380.

 

1512974195-5838ef800660551113de2aff99712

 

More:


Link to comment
Share on other sites

USD/JPY Daily Analytics

06:38 11.12.2017

Technical levels: support – 112.80; resistance – 113.60.

 

Trade recommendations:

 

Sell — 113.50; SL — 113.70; TP1 — 112.80; TP2 — 112.40.

Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen; the prices are under the strong resistance near 113.50/60 and the market is overbought.

 

1512974196-3dcc4d3b0e9d38341d309e86e7227

 

More:


Link to comment
Share on other sites

NZD/USD Daily Analytics

08:44 11.12.2017

Recommendation:

 

BUY 0.6910

 

SL 0.6855

 

TP 0.7010 TP2 0.7105 TP3 0.7170

 

On the daily chart, NZD/USD after fourth unsuccessful test of support at 0.6820-0.6825 returned to the upper border of the consolidation 0.6820-0.6910 range. A successful test of resistance at 0.6905-0.6910 will increase the risks of 88.6% target of the junior “Shark” pattern.  

 

1512981764-fb9be1d9d65d6402746f6573306cf

 

On H1, the inability of bears to lead the pair outside of the uptrend channel points at their weakness. Another test of resistance at 0.6905-0.9610 will lead the pair up to 161.8% target of the “Crab” pattern.

 

1512981779-3696dc2326705fd45dfa7b732beb8

 

More:


Link to comment
Share on other sites

EUR/USD Daily Analytics

10:54 11.12.2017

 

1512989578-d080d659370691e5a11623e0cb848

 

There's a bullish "Piercing Line", which has been confirmed, so the price is rising. Also, there's no any bearish pattern, which means the price is going to test the nearest resistance. If a pullback from this level happens little later on, there'll be an opportunity to have another decline.

 

1512989578-914f69ff9691038f8873ab4d1c2e6

 

We've got a "Tower" pattern, which has been formed at the last low. Considering that there's no any reversal pattern, the market is likely going to continue moving up towards the Moving Averages in the short term.

 

More:


Link to comment
Share on other sites

USD/JPY Daily Analytics

10:57 11.12.2017

 

1512989578-aec57d5847c5e018cb8c930d4eaca

 

The upper "Window" has acted as resistance, so there's a bearish "Harami" at the last high. Therefore, the pair is likely going to test the 21 Moving Average in the short term. If a pullback from this line happens afterwards, we could have another bullish price movement.

 

1512989578-bbe7b02dcb303aa2e5e0cfc8c8ec5

 

We've got a bearish "Harami", which has been confirmed, so the price is declining. The main intraday target is the 55 Moving Average. If a pullback from this line happens little later on, there'll be an opportunity to have an upward price movement towards the last high.

 

More:


Link to comment
Share on other sites

XAU/USD Daily Analytics

07:41 12.12.2017

Recommendation:

 

SELL $1266

 

SL $1281

 

TP1 $1237 TP2 $1212

 

On the daily chart, a break of XAU/USD below the lower border of a $1266-1288 consolidation range allowed bears to get out. The target of 78.6% of the Gartley pattern is almost reached. The next one is 200% target of AB=CD. As long as gold is below 1266, sellers retain control of the market.

 

1513064283-20c6ebb86722ac92f8a505b7903a9

 

On H1, the exit outside of the descending trend channel with the following test of resistance at $1252 creates grounds for a pullback. It should be used for forming short positions.

 

1513064322-e12a637cc937326a9c7981d6dfc46

 

More:


Link to comment
Share on other sites

USD/CAD Daily Analytics

07:49 12.12.2017

 

Recommendation:

 

BUY 1.2885

 

SL 1.283

 

TP1 1.2985 TP2 1.313a TP3 1.325

 

On the daily chart, the inability of bears to hold USD/CAD below the lower border of the uptrend channel points at sellers’ weakness. To restore the uptrend and reach 88.6% target of the “Shark” pattern, bulls need to conquer resistance at 1.2922.

 

1513064856-1430b06b52ccdf0a9e951da313446

 

On H1, return to resistance area at 78.6% and 88.6% of the wave 4-5 of the “Widening wedge” means that bulls are in control.

 

1513064872-5c726ce87bf89e31cdcfbd4c37b26

 

More:


Link to comment
Share on other sites

EUR/USD Daily Analytics

12:01 12.12.2017

 

1513080005-5c82a1908d962f5dd16b7d9a05c98

 

There's a "V-Bottom" pattern, so the price is consolidating under the 55 Moving Average. The main intraday target is the nearest resistance area at 1.1828 - 1.1847. If a pullback from these levels happens little later on, there'll be an opportunity to have a decline towards the next support at 1.1772 - 1.1756.

 

1513080005-1affa06da5a94a5101ad5b15ad6a5

 

The price is consolidating near the 89 Moving Average. Also, there's a "Triple Bottom" pattern, so bulls are likely going to test the nearest resistance at 1.1828 - 1.1847. Meanwhile, if a pullback from this area arrives little later on, we could have a decline in the direction of another support at 1.1772 - 1.1756.

 

More:


Link to comment
Share on other sites

GBP/USD Daily Analytics

12:16 12.12.2017

 

1513080005-d988bd9cadb115694cd1a1f1008b3

 

We've got a "V-Top", so the price is consolidating. The main intraday target is the closest resistance at 1.3408 - 1.3430. If the price forms a pullback from these levels, there'll be an opportunity to have a downward price movement towards the 89 Moving Average.

 

1513080005-a674316f29223fcc865be5fca160b

 

Bears faced with support at 1.3336, which led to the current consolidation. It's likely that the pair is going to test the closest resistance at 1.3408 - 1.3430 in the coming hours. If a pullback from this area happens afterwards, bears will probably try to test the next support at 1.3319 - 1.3278.

 

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...