riki143 Posted March 26, 2018 Share Posted March 26, 2018 GBP/USD Daily Analytics 08:09 26.03.2018 Technical levels: support – 1.4150; resistance – 1.4200, 1.4250. Trade recommendations: Buy — 1.4170/80; SL — 1.4150; TP1 — 1.4250; TP2 — 1.4290. Reason: bullish Ichimoku Cloud, but the lines Senkou Span A and B are horizontal; a golden cross of Tenkan-sen and Kijun-sen with the horizontal lines; the market is going to local highs. More: https://goo.gl/N9Wa4z Quote Link to comment Share on other sites More sharing options...
riki143 Posted March 26, 2018 Share Posted March 26, 2018 DIRECTION OF COMMODITY CURRENCIES. WESTPAC’S FORECASTS 09:46 26.03.2018 In the environment of trade wars, a lot of currencies are suffering. We can say that the most negative impact trade wars have on the Australian and the Canadian dollars. Both commodity currencies are suffering from volatility now. Let’s look at Westpac’s forecasts to determine if the loonie and the aussie have a possibility to strengthen. Note: Westpac is one of Australia's "big four" banks and the second largest bank in New Zealand. We will start with the Canadian dollar. According to the Westpac’s analyst, threats of trade wars and accommodative policy of the Bank of Canada are exaggerated. If we talk about the trade wars, risks of the US-Canada war have declined as the last one was excluded from Trump’s steel and aluminum tariffs. Moreover, there is a progress in NAFTA negotiations. What about the BOC policy? Expectations on the BOC’s tighter monetary policy declined, however, the central bank is still anticipated to increase interest rates for the first time to the middle of 2018 and second time to the end of the year. So market’s negative mood is supposed to slow down in the soon future. What about rates? Westpac supposes that the USD/CAD unlikely will get a strong support at 1.30-1.35. The Australian dollar. Ahead of the release of the interest rate, the AUD/USD pair traded at the three-month low. However, the aussie managed to strengthen after the Fed’s meeting as the rate hike could not support the greenback. The Australian dollar is still under the pressure because of trade wars that dramatically affect the currency. Furthermore, declining prices of basic commodity goods produced in Australia, have a negative impact on the Australian currency. However, Westpac’s analyst notices that new workplaces and a weakening dollar will be able to support the stability of the AUD/USD pair, so it will trade near 0.77. More: https://goo.gl/uXpazN Quote Link to comment Share on other sites More sharing options...
riki143 Posted March 26, 2018 Share Posted March 26, 2018 EUR/USD Daily analytics 12:19 26.03.2018 The main trend is still bullish. Also, there's a "Flag" pattern, so the market is likely going to test the next resistance at 1.2412 - 1.2445. If a pullback from this area happens little later on, there'll be an opportunity to have a bearish correction. All the Moving Averages have been broken, so the price is rising. The main intraday target is the nearest resistance at 1.2412 - 1.2445. This area could be a departure point for a downward correction towards the closest support at 1.2387 - 1.2358. More: https://goo.gl/Qdym8n Quote Link to comment Share on other sites More sharing options...
riki143 Posted March 26, 2018 Share Posted March 26, 2018 [B]GBP/USD Daily Analytics[/B] 12:20 26.03.2018 There's a "Double Bottom" pattern, so the market is likely going to reach another resistance at 1.4217 - 1.4277 in the short term. If we have a pullback from these levels, there'll be an opportunity to have a bearish correction. The 34 Moving Average has acted as support. In this case, we should keep an eye on the next resistance at 1.4233 - 1.4277 as an intraday target. A pullback from this level could be a starting point for a decline. More: https://goo.gl/gPcfV8 Quote Link to comment Share on other sites More sharing options...
riki143 Posted March 26, 2018 Share Posted March 26, 2018 SELL AUD/JPY Daily Analytics 13:21 26.03.2018 According to the NAB Research, the AUD/JPY pair will break support levels displaying the strong yen and the weak Australian dollar. The break below the psychological level at 80.0 will bring the AUD/JPY pair to the September low of 75.9. Be careful as the yen is going to strengthen against other currencies as well. We can expect USD/JPY to move down in the coming months too. More: https://goo.gl/p4SbFC Quote Link to comment Share on other sites More sharing options...
riki143 Posted March 26, 2018 Share Posted March 26, 2018 EUR/USD Daily Analytics 13:24 26.03.2018 There's still no any reversal pattern so far because all the last candles are bullish. In this case, the market is likely going to test the nearest resistance area, which could be a departure point for a bearish correction. We've got a bullish "Three Methods" pattern, which pushed the price higher. Therefore, the pair is likely going to reach the upper "Window" in the coming hours. More: https://goo.gl/efdLaC Quote Link to comment Share on other sites More sharing options...
riki143 Posted March 26, 2018 Share Posted March 26, 2018 EUR/USD Daily analytics 13:24 26.03.2018 There's still no any reversal pattern so far because all the last candles are bullish. In this case, the market is likely going to test the nearest resistance area, which could be a departure point for a bearish correction. We've got a bullish "Three Methods" pattern, which pushed the price higher. Therefore, the pair is likely going to reach the upper "Window" in the coming hours. More: https://goo.gl/efdLaC Quote Link to comment Share on other sites More sharing options...
riki143 Posted March 26, 2018 Share Posted March 26, 2018 USD/JPY Daily Analytics 13:29 26.03.2018 There's a "Piercing Line", which has been formed at the last local low. So, we should keep an eye on the Moving Averages as an intraday bullish target. We've got an "Inverted Hammer", which has been confirmed by the last "Three Methods" pattern. So, bulls are 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 More: https://goo.gl/HcnM9h Quote Link to comment Share on other sites More sharing options...
riki143 Posted March 26, 2018 Share Posted March 26, 2018 USD/JPY: "INVERTED HAMMER" PATTERN 13:29 26.03.2018 More: https://goo.gl/UfHkNK There's a "Piercing Line", which has been formed at the last local low. So, we should keep an eye on the Moving Averages as an intraday bullish target. We've got an "Inverted Hammer", which has been confirmed by the last "Three Methods" pattern. So, bulls are 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. Quote Link to comment Share on other sites More sharing options...
riki143 Posted March 26, 2018 Share Posted March 26, 2018 WEEKLY FOREX OUTLOOK: MAR. 26-30 11:29 26.03.2018 More: https://goo.gl/2C7xq7 US President Donald Trump signed a presidential memorandum that will target up to $60 billion of Chinese products with tariffs. If China comes up with countermeasures, trade tensions will escalate further. Concerns about trade wars have overshadowed central bank policy. The Federal Reserve raised the federal funds rate to 1.75% and signaled a relatively upbeat outlook for the economy. This is exactly the outcome the market was expecting, and the US dollar didn’t get any strength from the event. The US dollar index declined and looks vulnerable for 2018 lows in the 89.20 area. In the current uncertain environment, traders prefer low-risk assets like the Japanese yen, especially in pairs like AUD/JPY and NZD/JPY. As for USD/JPY, if it settles below the key level of 105.00, we’ll see a deeper decline. GBP/USD rose to the highest levels since January above 1.4200. The pound went up as the European Union and Britain agreed on a Brexit transition deal and the UK released strong wage growth figures. Two members of the Bank of England unexpectedly voted for a rate hike. However, traders focused on the idea that rates will rise only very slowly, so the pound retreated down by the end of the week. Traders continue to expect a rate hike in May, so the meeting didn’t really bring any surprises. The 200-week MA creates resistance near 1.43. GBP/USD may retrace down to 1.3930 and 1.38. EUR/USD continued consolidation between 1.24 and 1.22. Long-term uptrend remains in place, although the pair has lost its bullish momentum. European PMIs came below expectations. As a result, we expect the euro to continue trading close to the current levels. Economic calendar The economic calendar for the upcoming days is very light. Friday will be a bank holiday in many countries because of approaching Easter. The few important releases include US consumer confidence on Tuesday, American GDP on Wednesday and British current account together with Canadian GDP and US core PCE price index on Thursday. Quote Link to comment Share on other sites More sharing options...
riki143 Posted March 26, 2018 Share Posted March 26, 2018 FBS Video Lessons In this video Tutorial LESSON 15. PRINCIPLES OF TECHNICAL ANALYSIS. There are 2 types of Forex market analysis: technical and fundamental. Technical analysis relies solely on the price chart. It shows what is happening in the market now and what was happening there earlier. In this video, you will learn more about it https://goo.gl/pC4Wdk Do not forget to chose your language from the video's subtitles Quote Link to comment Share on other sites More sharing options...
riki143 Posted March 26, 2018 Share Posted March 26, 2018 Get your iPhone X from FBS! The new upgraded Lot of Apples from FBS is here! https://goo.gl/cYGsv5 Quote Link to comment Share on other sites More sharing options...
riki143 Posted March 27, 2018 Share Posted March 27, 2018 XAU/USD Daily Analytics 06:44 27.03.2018 Recommendations: BUY 1365 SL 1350 TP1 1395 TP2 1410 TP3 1425 BUY 1340 SL 1325 TP1 1380 TP2 1395 TP3 1410 On the daily chart of XAU/USD, the inability of bears to pull the pair below the support at 1302-1308 points at their weakness. Bulls managed to lead gold outside of the consolidation range of 1308-1340. This increases the odds of an advance towards 113% and 127.2% targets of the “Shark” and AB=CD. On H1, XAU/USD formed a “Crab”. Advance above resistances at 1361 and 1365 will open the way up to 161.8%. More: https://goo.gl/osCQK9 Quote Link to comment Share on other sites More sharing options...
riki143 Posted March 27, 2018 Share Posted March 27, 2018 AUD/USD Daily Analytics 06:48 27.03.2018 Technical levels: support – 0.7730; resistance – 0.7750, 0.7780 Trade recommendations: Sell — 0.7730; SL — 0.7750; TP1 — 0.7610; TP2 — 0.7580. Reason: bearish Ichimoku Cloud with horizontal Senkou Span A and B; a new dead cross of Tenkan-sen and Kijun-sen under the Cloud, but with the lines are horizontal; the prices in a correction movement to the Cloud and can be stopped by Cloud’s resistance. More: https://goo.gl/Lbm9Lq Quote Link to comment Share on other sites More sharing options...
riki143 Posted March 27, 2018 Share Posted March 27, 2018 USD/JPY Daily Analytics 06:49 27.03.2018 Technical levels: support – 105.00, 104.30; resistance – 105.60. Trade recommendations: Sell — 105.50; SL — 105.70; TP1 — 105.00; TP2 — 104.30. Reason: bearish Ichimoku Cloud with horizontal Senkou Span A and B; a strong dead cross of Tenkan-sen and Kijun-sen; a market was oversold and corrected to Kijun-sen – the downtrend may continue soon. More: https://goo.gl/g4V7NP Quote Link to comment Share on other sites More sharing options...
riki143 Posted March 27, 2018 Share Posted March 27, 2018 USD/CAD Daily Analytics 06:56 27.03.2018 Recommendation: SELL 1.2805 SL 1.286 TP1 1.269 TP2 1.2585 TP3 1.243 On the daily chart of USD/CAD, the pair pulled back after reaching 127.2% target of AB=CD. Bulls failed to keep the pair above the important area of 1.2914-1.2922. This points at their weakness. Triggering of the “Shark” pattern will increase the risks of correction towards 1.2685, 1.2580, 1.2430 and 1.2345. On H1, a break of support at 1.2805 will trigger the “Shark” and AB=CD. Their targets of 113% and 224% are at 1.2585 and 1.269. More: https://goo.gl/pK3rnV Quote Link to comment Share on other sites More sharing options...
riki143 Posted March 27, 2018 Share Posted March 27, 2018 EUR/USD Daily Anlytics 08:48 27.03.2018 The main trend is still bullish, but there's an opportunity to have a bearish correction in the short term. So, we should keep an eye on the nearest support at 1.2412 - 1.2387 as an intraday target. There's a "V-Top" pattern, so the pair is likely going to test the closest support at 1.2412 in the coming hours. If a pullback from this level happens little later on, there'll be a moment to have another upward price movement. More: https://goo.gl/j3u5KZ Quote Link to comment Share on other sites More sharing options...
riki143 Posted March 27, 2018 Share Posted March 27, 2018 GBP/USD Daily Analytics 08:49 27.03.2018 There's a "Double Top" pattern, so the market is likely going to test the nearest support at 1.4144. However, if we see a pullback from this line afterwards, bulls will probably try to reach the next resistance at 1.4277 - 1.4344. There're two "V-Top" patterns in a row. So, the pair is likely going to achieve the 55 Moving Average, which could be a starting point for another bullish price movement. More: https://goo.gl/3dQHtF Quote Link to comment Share on other sites More sharing options...
riki143 Posted March 27, 2018 Share Posted March 27, 2018 GBP/USD: "DOUBLE TOP" PATTERN 08:49 27.03.2018 More: https://goo.gl/fvwpoR There's a "Double Top" pattern, so the market is likely going to test the nearest support at 1.4144. However, if we see a pullback from this line afterwards, bulls will probably try to reach the next resistance at 1.4277 - 1.4344. There're two "V-Top" patterns in a row. So, the pair is likely going to achieve the 55 Moving Average, which could be a starting point for another bullish price movement. Quote Link to comment Share on other sites More sharing options...
riki143 Posted March 27, 2018 Share Posted March 27, 2018 EUR/USD: "V-TOP" PATTERN 08:48 27.03.2018 More: https://goo.gl/EzfV8S The main trend is still bullish, but there's an opportunity to have a bearish correction in the short term. So, we should keep an eye on the nearest support at 1.2412 - 1.2387 as an intraday target. There's a "V-Top" pattern, so the pair is likely going to test the closest support at 1.2412 in the coming hours. If a pullback from this level happens little later on, there'll be a moment to have another upward price movement. Quote Link to comment Share on other sites More sharing options...
riki143 Posted March 27, 2018 Share Posted March 27, 2018 TRADING STRATEGY: Three wise men and the alligator. This strategy combines a couple of indicators with candlestick pattern to identify reversals. Learn the details in this article https://goo.gl/Y5kgk9 Quote Link to comment Share on other sites More sharing options...
riki143 Posted March 27, 2018 Share Posted March 27, 2018 Why people think Forex is a scam? ➡ https://goo.gl/z5JbF2 According to the Bank for International Settlements, trading in foreign exchange markets averaged $5.1 trillion per day in April 2016. The fact that some people cannot make money through Forex trading doesn’t mean Forex is a scam, Learn more why in this interesting blog from FBS ⬇ Quote Link to comment Share on other sites More sharing options...
riki143 Posted March 28, 2018 Share Posted March 28, 2018 EUR/USD Daily Analytics 07:00 28.03.2018 Technical levels: support – 1.2380; resistance – 1.2450, 1.2520. Trade recommendations: Buy — 1.2400; SL — 1.2380; TP1 — 1.2450; TP2 — 1.2520 Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with the rising Tenkan-sen; the prices are corrected to Kijun-sen and on the support of the line. More: https://goo.gl/eVdYgJ Quote Link to comment Share on other sites More sharing options...
riki143 Posted March 28, 2018 Share Posted March 28, 2018 GBP/USD Daily Analytics 07:02 28.03.2018 Technical levels: support – 1.4150; resistance – 1.4200, 1.4250. Trade recommendations: Buy — 1.4160/70; SL — 1.4150; TP1 — 1.4250; TP2 — 1.4290. Reason: bullish Ichimoku Cloud, but the lines Senkou Span A and B are horizontal; a golden cross of Tenkan-sen and Kijun-sen was cancelled, but the prices above the strong support of the lines. More: https://goo.gl/aEj5ps Quote Link to comment Share on other sites More sharing options...
riki143 Posted March 28, 2018 Share Posted March 28, 2018 GBP/USD Daily analytics 07:07 28.03.2018 Recommendation: BUY 1.4245 SL 1.419 TP1 1.4345 TP2 1.4430 TP3 1.4525 On the daily chart, GBP/USD after reaching 88.6% target of the senior “Shark” pattern can proceed to 23.6%, 38.2% and 50% of the wave CD. To continue rally towards targets to 113% and 127.2% of the senior “Shark” pattern and AB=CD bulls need to rise above March high. On H1, GBP/USD reached targets of a “Shark” and “Wolfe waves”. Further dynamics will depend on the pair’s exit of the 1.4065-1.4245 consolidation range. More: https://goo.gl/M6q5Hh Quote Link to comment Share on other sites More sharing options...
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