riki143 Posted February 1, 2018 Share Posted February 1, 2018 WHAT IS PMI AND WHY IS IT IMPORTANT? Purchasing Managers’ Index (PMI) is an indicator that measures the economic health of the manufacturing sector. The aim of the Index is to provide information about current business conditions to company analysts, purchasing managers, decision makers. Learn more on this interesting article https://goo.gl/MxM2BV PMI in the Economic Calendar How is the information gathered? Why is it so important? Quote Link to comment Share on other sites More sharing options...
riki143 Posted February 1, 2018 Share Posted February 1, 2018 Get ready for fascinating Foreign Exchange Market tour! You can’t even imagine how great it is that you finally decided to try yourself as a Forex trader. FBS invites you to the world of currency trading; an exciting playground for those who look for opportunities to turn a profit. Discover an exciting industry of currency ⬇ https://goo.gl/Tbqr2w Quote Link to comment Share on other sites More sharing options...
riki143 Posted February 1, 2018 Share Posted February 1, 2018 AUD/USD Daily Analytics 06:35 01.02.2018 Technical levels: support – 0.7970; resistance – 0.8080 Trade recommendations: Buy — 0.7980; SL — 0.7960; TP1 — 0.8040; TP2 — 0.8080. Reason: bullish Ichimoku Cloud with falling Senkou Span A; a new dead cross of Tenkan-sen and Kijun-sen with falling lines; a market in correctional movement and entered into the cloudy area. More: https://fbs.com/analytics/articles/aud-usd-aussie-entered-into-cloud-6583?utm_source=forum&utm_medium=affiliate&utm_campaign=EN_English&utm_content=Riki_Analytics Quote Link to comment Share on other sites More sharing options...
riki143 Posted February 1, 2018 Share Posted February 1, 2018 USD/JPY Daily Analytics 06:37 01.02.2018 Technical levels: support – 108.50; resistance – 110.00. Trade recommendations: Sell — 110.00; SL — 110.20; TP1 — 109.00; TP2 — 108.50. Reason: narrowing bearish Ichimoku Cloud with rising Senkou Span A; a cancelled dead cross of Tenkan-sen and Kijun-sen, the lines are horizontal; the prices have grown to the bottom border of the Cloud. More: https://fbs.com/analytics/articles/usd-jpy-dollar-reached-cloud%E2%80%99s-levels-6584?utm_source=forum&utm_medium=affiliate&utm_campaign=EN_English&utm_content=Riki_Analytics Quote Link to comment Share on other sites More sharing options...
riki143 Posted February 1, 2018 Share Posted February 1, 2018 EUR/JPY Daily Analytics 07:23 01.02.2018 Recommendation: BUY 136.25 SL 135.70 TP1 137.25 TP2 138.10 On the daily chart, EUR/JPY retested the upper border of the previous consolidation range of 131.50-134.30. This and the following formation of a pinbar will allow bulls to return initiative. The necessary condition to continue advance towards 127.2% of the AB=CD pattern is the confident test of resistance at 136.25. On H1, EUR/JPY the inability of bears to lead the pair below 38.2% of the last bullish wave points at their weakness. A break of resistance at 136.25 will open the way to the upside. More: https://fbs.com/analytics/articles/eur-jpy-bulls-keep-on-pushing-6585?utm_source=forum&utm_medium=affiliate&utm_campaign=EN_English&utm_content=Riki_Analytics Quote Link to comment Share on other sites More sharing options...
riki143 Posted February 1, 2018 Share Posted February 1, 2018 USD/JPY Daily Analytics 08:27 01.02.2018 Recommendations: SELL 110.1 SL 110.65 TP 109.10 TP2 108.20 SELL 110.65 SL 111.2 TP1 109.65 TP2 108.65 On the daily chart, a natural pullback happened after USD/JPY reached 88.6% target of the “Bat” pattern. If bears manage to hold the pair within inside the downward trading channel, chances of a sharp decline’s continuation will increase substantially. On the hour chart, a break of resistance at 109.50 will increase the risks of activation of the “Shark” pattern with a target of 88.6%. In an obvious bearish trend, rebounds from levels of 110.05-110.15 and 110,65 should be used for selling. More: https://fbs.com/analytics/articles/usd-jpy-bulls-follow-a-shark-6588?utm_source=forum&utm_medium=affiliate&utm_campaign=EN_English&utm_content=Riki_Analytics Quote Link to comment Share on other sites More sharing options...
riki143 Posted February 1, 2018 Share Posted February 1, 2018 EUR/USD Daily Analytics 12:25 01.02.2018 The main trend is still bullish, but the price is consolidating. It's likely that the market is going to test the nearest resistance at 1.2500 - 1.2537. If a pullback from this area happens little later on, there'll be an opportunity to have a decline towards the closest support at 1.2456 - 1.2358. The pair is consolidating between the levels 1.2456 - 1.2384. The main intraday target is the next resistance area at 1.2493 - 1.2537, which could be a departure point for a bearish correction. More: https://fbs.com/analytics/articles/eur-usd-pair-is-consolidating-6591?utm_source=forum&utm_medium=affiliate&utm_campaign=EN_English&utm_content=Riki_Analytics Quote Link to comment Share on other sites More sharing options...
riki143 Posted February 1, 2018 Share Posted February 1, 2018 GBP/USD Daily Analytics 12:27 01.02.2018 There's a "Double Bottom", so the market is likely going to reach the closest resistance at 1.4344. If a pullback from this level happens afterwards, there'll be a moment to have a downward correction. Bulls faced resistance at 1.4284, but the market is likely going to continue moving higher in the short term. The main intraday target is the next resistance at 1.4344 - 1.4386 More: https://fbs.com/analytics/articles/gbp-usd-double-bottom-pattern-6592?utm_source=forum&utm_medium=affiliate&utm_campaign=EN_English&utm_content=Riki_Analytics Quote Link to comment Share on other sites More sharing options...
riki143 Posted February 1, 2018 Share Posted February 1, 2018 EUR/USD: BULLISH "HAMMER" ON THE 55 MA 12:30 01.02.2018 The 21 Moving Average acted as support, so there're a "Tweezers" and a "High Wave" patterns. In this case, the market is likely going to continue rising towards the last high. There's a bullish "Hammer", which has been formed on the 55 Moving Average. Therefore, bulls are likely going to achieve the next resistance area in the short term. More: https://fbs.com/analytics/articles/eur-usd-bullish-hammer-on-the-55-ma-6593?utm_source=forum&utm_medium=affiliate&utm_campaign=EN_English&utm_content=Riki_Analytics Quote Link to comment Share on other sites More sharing options...
riki143 Posted February 1, 2018 Share Posted February 1, 2018 USD/JPY Daily Analytics 12:33 01.02.2018 There's no any reversal pattern so far, which means the price is likely going to test the upper "Window" soon. If a pullback from this level, there'll be a moment to have a local decline. All the Moving Averages have been broken, so the price is rising. If any bearish pattern forms soon, bears will probably try to test the nearest support. More: https://fbs.com/analytics/articles/usd-jpy-no-any-reversal-pattern-so-far-6594 Quote Link to comment Share on other sites More sharing options...
riki143 Posted February 1, 2018 Share Posted February 1, 2018 EUR/JPY: BULLS KEEP ON PUSHING 07:23 01.02.2018 Recommendation: BUY 136.25 SL 135.70 TP1 137.25 TP2 138.10 On the daily chart, EUR/JPY retested the upper border of the previous consolidation range of 131.50-134.30. This and the following formation of a pinbar will allow bulls to return initiative. The necessary condition to continue advance towards 127.2% of the AB=CD pattern is the confident test of resistance at 136.25. On H1, EUR/JPY the inability of bears to lead the pair below 38.2% of the last bullish wave points at their weakness. A break of resistance at 136.25 will open the way to the upside. More: https://goo.gl/mFHxLF Quote Link to comment Share on other sites More sharing options...
riki143 Posted February 1, 2018 Share Posted February 1, 2018 DOES THE POUND HAVE CHANCES FOR FURTHER STRENGTHENING? 14:20 01.02.2018 The pound rose from 1.35 versus the US dollar at the start of the year to 1.4345 on January 25. Then there was a pullback down, but starting from Wednesday, January 31, GBP/USD once again headed up. As a result, British currency showed in January its best monthly performance since May 2009. The rise happened because of the several reasons. First of all, the weaker US dollar has been supporting the rise of many currencies during a long period. The pound added than 5% since the start of the year, while the dollar is near its 3-year lows against major currencies. Analysts say that the advance of GBP/USD is more the result of the market selling dollars than buying pounds. The second reason is positive prospects for a Brexit deal that was supported by domestic economic developments and comments of the Bank of England’s Governor Mark Carney. The general sentiment about Brexit is positive since the start of the year. The market believes that the country will be able to reach a favorable deal with its European partners. The talks are proceeding with some difficulties though. According to Reuters, EU officials don’t want to allow finance companies to operate in each other’s markets without barriers if Britain leaves the single market. A report was leaked this week that Brexit will bring negative consequences to the UK economy, no matter whether it leaves the European Union with a free trade deal, single market access or without any deal at all. However, so far positive comments of BOE Governor Mark Carney have shielded the pound from the Brexit-related uncertainty. Sterling rose on Tuesday after he said that the country’s economy has recovered from the financial crisis. Mr. Carney said that private sector is gradually firming and a rise in wages over the next few years appeared to be on track. All this allows the bank to occupy itself with bringing down inflation. As a result, many analysts now think that the BOE will raise interest rates faster than expected. The first 2018 policy decision of BOE will be announced on Thursday, February 8. Before this Services PMI will be released on Monday, February 5. Some analysts have already changed their long-term forecasts for the pound. For example, HSBC increased the year-end projection for GBP/USD from $1.26 to $1.34. UniCredit now thinks that the pound will end 2018 at $1.49. Their previous estimate was by 9% lower. BMO Capital Markets predicted GBP/USD at $1.45 last October, but, nowadays, they forecast $1.52 if the dollar continues to weaken and the UK economy keeps growing. At the same time, there are experts who think that the pound has gained too much in the short-term and that this growth is not fully justified. Commerzbank believes that there will be a lot of problems in Brexit negotiations. According to the bank, Carney will recognize Brexit-related risks and will discourage the rate hike expectations next week. That’s why Commerzbank is cautious about buying GBP at the current levels. More: https://fbs.com/analytics/articles/does-the-pound-have-chances-for-further-strengthening-6597?utm_source=forum&utm_medium=affiliate&utm_campaign=EN_English&utm_content=Riki_Analytics Quote Link to comment Share on other sites More sharing options...
riki143 Posted February 1, 2018 Share Posted February 1, 2018 USD/JPY: BULLS FOLLOW A SHARK 08:27 01.02.2018 Recommendations: SELL 110.1 SL 110.65 TP 109.10 TP2 108.20 SELL 110.65 SL 111.2 TP1 109.65 TP2 108.65 On the daily chart, a natural pullback happened after USD/JPY reached 88.6% target of the “Bat” pattern. If bears manage to hold the pair within inside the downward trading channel, chances of a sharp decline’s continuation will increase substantially. On the hour chart, a break of resistance at 109.50 will increase the risks of activation of the “Shark” pattern with a target of 88.6%. In an obvious bearish trend, rebounds from levels of 110.05-110.15 and 110,65 should be used for selling. More: https://goo.gl/Jq5Hs6 Quote Link to comment Share on other sites More sharing options...
riki143 Posted February 1, 2018 Share Posted February 1, 2018 Be the next iPhone 7 winner! Why not? Watch FBS clients’ reviews on A lot of Apple promotion! ➡ https://goo.gl/AfwJeF Don't foget to change the language from Subtitles, and Remember, that everybody can participate in this promotion any time. Start NOW➡ https://goo.gl/VmgbyL Quote Link to comment Share on other sites More sharing options...
riki143 Posted February 2, 2018 Share Posted February 2, 2018 EUR/USD Daily Analytics 05:55 02.02.2018 Technical levels: support – 1.2480; resistance – 1.2530. Trade recommendations: Buy — 1.2480; SL — 1.2460; TP1 — 1.2530; TP2 — 1.2590 Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the market is supported by Cloud and returned into the positive area. More: https://fbs.com/analytics/articles/eur-usd-euro-resumed-uptrend-6605?utm_source=forum&utm_medium=affiliate&utm_campaign=EN_English&utm_content=Riki_Analytics Quote Link to comment Share on other sites More sharing options...
riki143 Posted February 2, 2018 Share Posted February 2, 2018 GBP/USD Daily Analytics 05:56 02.02.2018 Technical levels: support – 1.4200; resistance – 1.4280, 1.4390. Trade recommendations: Buy — 1.4280; SL — 1.4260; TP1 — 1.4390; TP2 — 1.4470. Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices returned into the positive area and may continue uptrend. More: https://fbs.com/analytics/articles/gbp-usd-pound-going-to-last-week-highs-6606?utm_source=forum&utm_medium=affiliate&utm_campaign=EN_English&utm_content=Riki_Analytics Quote Link to comment Share on other sites More sharing options...
riki143 Posted February 2, 2018 Share Posted February 2, 2018 EUR/USD Daily Analytics 07:32 02.02.2018 Recommendation: SELL 1.2445 SL 1.25 TP 1.2345 TP2 1.22 SELL 1.2335 SL 1.239 TP1 1.2235 TP2 1.22 On the daily chart of EUR/USD, there’s a sustainable uptrend. Bulls are getting ready to test a 3-year high to reach 200% target of AB=CD. Failure or inability to fix above 1.2535 will be the first signal of buyers’ weakness. On H1, EUR/USD bulls have to fear the formation of a “Widening wedge”. For that the euro needs to decline below $1.2335. Aggressive sell position is possible at the low of the bar #2. More: https://fbs.com/analytics/articles/eur-usd-bears-wait-for-their-chance-6610?utm_source=forum&utm_medium=affiliate&utm_campaign=EN_English&utm_content=Riki_Analytics Quote Link to comment Share on other sites More sharing options...
riki143 Posted February 2, 2018 Share Posted February 2, 2018 EUR/GBP Daily Analytics 07:42 02.02.2018 Recommendation: SELL 0.8875 SL 0.893 TP1 0.8775 TP2 0.8715 TP3 0.869 On the daily chart of EUR/GBP, bears failed with their attack on the support of the lower border of the medium-term consolidation range of 0.8690-0.9015. Sellers retain hopes for a break and formation of the AB=CD pattern. On H1, a break above resistance levels at 0.8780 and 0.8810 will increase the risks of triggering Gartley pattern with a target at 78.6% of the wave XA. From this area (0.8870-0.8880), there is a high possibility of aggressive selling by large players. More: https://fbs.com/analytics/articles/eur-gbp-bulls-retreat-but-don%E2%80%99t-give-up-6611?utm_source=forum&utm_medium=affiliate&utm_campaign=EN_English&utm_content=Riki_Analytics Quote Link to comment Share on other sites More sharing options...
riki143 Posted February 2, 2018 Share Posted February 2, 2018 EUR/GBP: BULLS RETREAT, BUT DON’T GIVE UP 07:42 02.02.2018 Recommendation: SELL 0.8875 SL 0.893 TP1 0.8775 TP2 0.8715 TP3 0.869 On the daily chart of EUR/GBP, bears failed with their attack on the support of the lower border of the medium-term consolidation range of 0.8690-0.9015. Sellers retain hopes for a break and formation of the AB=CD pattern. On H1, a break above resistance levels at 0.8780 and 0.8810 will increase the risks of triggering Gartley pattern with a target at 78.6% of the wave XA. From this area (0.8870-0.8880), there is a high possibility of aggressive selling by large players. More: https://goo.gl/fNM6YC Quote Link to comment Share on other sites More sharing options...
riki143 Posted February 2, 2018 Share Posted February 2, 2018 EUR/USD Daily Analytics 10:32 02.02.2018 The main trend is still bullish. It's likely that the market is going to reach the next resistance at 1.2537 - 1.2569 in the short term. If a pullback from this area happens little later on, there'll be a moment to have a decline towards the nearest support at 1.2456 - 1.2384. The pair is consolidating between the levels 1.2537 - 1.2493. The main intraday target is the 34 Moving Average, which could be a departure point for another upward price movement in the direction of the next resistance at 1.2537 - 1.2569. More: https://fbs.com/analytics/articles/eur-usd-main-trend-still-bullish-6613?utm_source=forum&utm_medium=affiliate&utm_campaign=EN_English&utm_content=Riki_Analytics Quote Link to comment Share on other sites More sharing options...
riki143 Posted February 2, 2018 Share Posted February 2, 2018 GBP/USD Daily Analytics 10:35 02.02.2018 The price is still rising above the Moving Averages. The main intraday target is the next resistance at 1.4344. If a pullback from this level happens afterwards, bears will probably try to test the closest support at 1.4206 - 1.4129. Bulls faced with resistance at 1.4284, so the market is going to test the 89 Moving Average. This line could be a departure point for an upward price movement towards the next resistance at 1.4327 - 1.4344. More: https://fbs.com/analytics/articles/gbp-usd-price-rising-above-moving-averages-6614?utm_source=forum&utm_medium=affiliate&utm_campaign=EN_English&utm_content=Riki_Analytics Quote Link to comment Share on other sites More sharing options...
riki143 Posted February 2, 2018 Share Posted February 2, 2018 US Employment Data. The US usually releases labour market data on the first Friday of a month. This time this tradition won’t change. America will publish Nonfarm Payrolls (NFP), unemployment rate and average earnings at 15:30 MT time on February 2. Take into consideration two more important indicators about US labour market: 1⃣ Unemployment Rate. 2⃣ Average Hourly Earnings. This may be a great chance to trade the greenback as the currency will likely move with great swings. Traders will buy on strong data from the US and sell if American figures disappoint. FolloW these events on the FBS Economic Calendar https://goo.gl/MyaEL7 Quote Link to comment Share on other sites More sharing options...
riki143 Posted February 2, 2018 Share Posted February 2, 2018 ANY CHANCES TO FORECAST NFP? 11:15 02.02.2018 Today the US Bureau of Labor Statistics will release the Nonfarm Payrolls at 15:30 MT time. Nonfarm Payrolls count the change in the number of employed during the previous month. The data is important because it displays consumer spending and economic health. The advantage of the indicator is that it is delivered shortly after the month ends. It is announced together with two other indicators such as Average hourly earnings and Unemployment rate. Nowadays, we can notice that the indicator is not as important as it was before. During the financial crisis, numbers of it were highly taken into consideration because of its main function as a measure of the economic health. However, now the economy is quite firm, it does not require additional supportive indicators. But still, the data support interest rates hikes. This year the Fed is expected to increase interest rates three times. So a market follows changes in the labor market. A tighter market causes wages rise. Wages increase will boost the interest rates. Although it is almost impossible to forecast Nonfarm Payrolls data, analysts do not give up. This time, analysts are divided into two camps. For example, analysts of Nomura and Goldman Sachs predict 205K rise. On the other hand, Hongkong and Shanghai Banking Corporation makes its prediction based on the temperature. It claimed that the drop in average temperatures across the country may cause the fall of job creation for the month. So its expectations are at the level of 170K. The Australian Bank Westpac agrees with HSBC, maybe the reason for the number is different, but the number is the same. Toronto-Dominion Securities is not far from them, it is looking for 175K. Making a conclusion, we can say that despite the fact that the Nonfarm Payrolls data is not used as much as it was during the financial crisis, it is still a crucial indicator, for the Fed policy especially. Its volatility is still incredible, that creates difficulties for forecasts. October data of -33K was followed by 261K in November, the data delivered in December was quite similar to previous one, but the next one was in 80K less. However, the data is still taken into consideration and always supported by two other indicators that smooth its volatility. More: https://fbs.com/analytics/articles/any-chances-to-forecast-nfp-6615?utm_source=forum&utm_medium=affiliate&utm_campaign=EN_English&utm_content=Riki_Analytics Quote Link to comment Share on other sites More sharing options...
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riki143 Posted February 2, 2018 Share Posted February 2, 2018 EUR/USD Daily Analytics 13:07 02.02.2018 The market has been rising since a "Tweezers" model formed on the 34 Moving Average. There's no any reversal pattern so far, which means the market is likely going to test the nearest resistance area in the short term. There's a bullish "Hammer", which has been formed at the last local low. So, the price is likely going to continue moving up in the coming hours. More: https://fbs.com/analytics/articles/eur-usd-tweezers-on-34-moving-average-6616?utm_source=forum&utm_medium=affiliate&utm_campaign=EN_English&utm_content=Riki_Analytics Quote Link to comment Share on other sites More sharing options...
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