riki143 Posted August 17, 2017 Share Posted August 17, 2017 USD/JPY: CONFIRMED BULLISH "HARAMI" 14:08 17.08.2017 We've got a "Tweezers" and a "Hanging Man", which both have been formed on the 89 Moving Average. Therefore, the pair is likely going to test the lower side of the nearest "Window" soon. There's a bullish "Harami", which has been confirmed, so the price is likely going to test the upper "Window". If a pullback from this level happens afterwards, bears will have a green light to deliver another decline. More:https://fbs.com/analytics/articles/usd_jpy%3a_confirmed_bullish_%22harami%22_3048 Link to comment Share on other sites More sharing options...
riki143 Posted August 17, 2017 Author Share Posted August 17, 2017 GBP/USD: BEARS FULFILLED THEIR MISSION 09:33 17.08.2017 Recommendation: SELL 1.2940 SL 1.3005 TP 1.2730 SELL 1.3005 SL 1.3060 TP1 1.2850 TP2 1.2730 SELL 1.3055 SL 1.3110 TP1 1.2925 TP2 1.285 TP3 1.2730 On the daily chart, GBP/USD reached 88.6% target of Shark pattern and reached the lower border of the uptrend channel. This increases the risks of correction towards 23.6%, 38.2% and 50% of the wave CD within the transformation of the “Shark” into 5-0. On H1, GBP/USD formed a “Widening wedge” and a “Shark”. Correction movement towards 1.2940, 1.3005 and 1.3055 may be used for selling. More;https://fbs.com/analytics/articles/gbp_usd%3a_bears_fulfilled_their_mission_3031 Link to comment Share on other sites More sharing options...
riki143 Posted August 17, 2017 Author Share Posted August 17, 2017 USD/CHF: BEARS ARE WINNING 09:47 17.08.2017 Recommendation: SELL 0.9585 SL 0.9630 TP1 0.9510 TP2 0.9475 On the daily chart, USD/CHF failed to overcome resistance at 0.9765. This points at buyer’s weakness. If bears manage to settle above 0.9650 and trigger Gartley pattern, risks of decline towards the lower border of the downtrend channel will increase. On H1, USD/CHF keeps forming “Widening wedge”. A break of support at 0.9585 will end the process (point 5) will strengthen the odds of a pullback to 78.6% and 88.6% of the last bullish wave. More:https://fbs.com/analytics/articles/usd_chf%3a_bears_are_winning_3032 Link to comment Share on other sites More sharing options...
riki143 Posted August 17, 2017 Author Share Posted August 17, 2017 EUR/USD: BEARS GOING TO TEST CLOSEST SUPPORT 10:36 17.08.2017 There's a "Double Bottom", so the price reached the nearest resistance at 1.1801. In this case, bears are likely going to test the closest support at 1.1727 - 1.1712 in the short term. If we have a pullback from this area, bulls will probably try to achieve the next resistance at 1.1801 - 1.1846. Bulls found resistance at 1.1784, so the price is consolidating. Therefore, the market is likely going to reach the 34 Moving Average soon. If a pullback from this line happens little later on, there'll be an opportunity to have an upward price movement towards another resistance at 1.1801 - 1.1823. More:https://fbs.com/analytics/articles/eur_usd%3a_bears_going_to_test_closest_support_3035 Link to comment Share on other sites More sharing options...
riki143 Posted August 18, 2017 Author Share Posted August 18, 2017 EUR/USD: "V-BOTTOM" PATTERN[/NB] 09:56 18.08.2017 There's a "V-Bottom" pattern, so the price reached the 55 Moving Average. In this case, the market is likely going to test the nearest resistance at 1.1801 - 1.1846. If a pullback from this area happens, there'll be an opportunity to have a decline towards the closest support at 1.1638 - 1.1649. The 34 Moving Average has acted as resistance, so the price is consolidating. It's likely that bears are going to achieve the nearest support at 1.1712 - 1.1703. However, if we have a pullback from these levels, bulls will have a green light to reach another resistance at 1.1757 - 1.1784. More: https://fbs.com/analytics/articles/eur_usd%3a_%22v_bottom%22_pattern_3062 Link to comment Share on other sites More sharing options...
riki143 Posted August 18, 2017 Author Share Posted August 18, 2017 USD/JPY IS LOOKING FOR DIRECTION 10:30 18.08.2017 Recommendation: BUY 110.95 SL 110.40 TP 112.50 On the daily chart, bears managed to lead the pair outside of the triangle. This increases the possibility of pattern AB=CD with the target at 161.8% in case of a successful break below support at 108. On the contrary, the pair’s return inside the triangle will show sellers’ weakness. On H1, USD/JPY bulls managed to seize the initiative and return the quotes to the upper border of the downtrend channel. Further activation of the inverted “Head and Shoulders” and “Shark” will strengthen the risks of a bearish trend. More:https://fbs.com/analytics/articles/usd_jpy_is_looking_for_direction__3066 Link to comment Share on other sites More sharing options...
riki143 Posted August 18, 2017 Author Share Posted August 18, 2017 GBP/USD: BEARISH "FLAG" PATTERN 10:00 18.08.2017 We've got a bearish "Flag" pattern, so the market is likely going to reach the next support at 1.2830 - 1.2811 in the short term. At the same time, bulls will probably try to achieve the nearest resistance at 1.2892 - 1.2911 afterwards The price is consolidating near the 34 Moving Average. Also, there's a possible "Flag", so the price is likely going to test the upper side of this pattern. If a pullback from the closest resistance at 1.2911 - 1.2926 happens, there'll be an opportunity to have a decline towards another support at 1.2930 - 1.2811. More:https://fbs.com/analytics/articles/gbp_usd%3a_bearish_%22flag%22_pattern_3065 Link to comment Share on other sites More sharing options...
riki143 Posted August 18, 2017 Author Share Posted August 18, 2017 EUR/USD: BEARS ARE READY FOR A NEW ATTACK 10:37 18.08.2017 Recommendation: SELL 128 SL 128.55 TP1 126.90 TP2 125.80 On the daily chart, bears attempted for the second time to test important support at 128. It failed, but sellers don’t give up and hope to develop correction and reach 88.6% target of “Shark” pattern. On H1, EUR/JPY formed “Head and Shoulders” pattern. A break of the neckline near 128.00 support with simultaneous activation of the AB=CD pattern will create an opportunity for a pullback to the uptrend towards 125.60-125.80. More:https://fbs.com/analytics/articles/eur_usd%3a_bears_are_ready_for_a_new_attack_3067 Link to comment Share on other sites More sharing options...
riki143 Posted August 18, 2017 Author Share Posted August 18, 2017 GBP/USD: UNDER KIJUN’S RESISTANCE 13:17 18.08.2017 Technical levels: support – 1.2840; resistance – 1.2900. Trade recommendations: Sell — 1.2900; SL — 1.2920; TP1 — 1.2840; TP2 — 1.2810. Reason: expanding bearish Ichimoku Cloud with horizontal Senkou Span B; a dead cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices are under the resistance of Kijun-sen and may continue falling down. More:https://fbs.com/analytics/articles/gbp_usd%3a_under_kijun%E2%80%99s_resistance_3071 Link to comment Share on other sites More sharing options...
riki143 Posted August 18, 2017 Author Share Posted August 18, 2017 USD: OUTLOOK FOR AUGUST 21-25 13:17 18.08.2017 The US dollar index (DXY) got support at 92.80 last week and went up to consolidate between 93.20 and 94.00. The minutes of the Federal Reserve’s July meeting showed that most central bank officials supported a move towards unwinding the Fed's massive balance sheet in September. The $4.5 trillion balance sheet was built up after the financial crisis to keep borrowing costs low. In addition, markets closely follow the Fed’s discussion about inflation, which has recently shown signs of weakness. Opinions within the Fed slightly differ on this point: some members think that the softness in prices is temporary, while others worry that it will take longer than expected for inflation to rise to 2% target. As a result, the odds are that the Fed will delay a rate hike until inflation picks up. This is not very inspiring for the USD. In the upcoming days, pay attention to new home sales and crude oil inventories on Wednesday, existing home sales on Thursday and core durable goods orders on Friday. In addition, at the end of the week, world's major central bankers will gather at the Fed’s Jackson Hole Symposium. The Fed Chair Janet Yellen will speak on the topic of financial stability at 17:00 MT time on Friday. Note that political turmoil in Trump’s administration and the market’s risk aversion will likely reduce the impact of any positive statistics from America and keep the US currency under pressure. Despite the recent recovery, DXY is still not far from its 13-month lows hit at the beginning of August. It looks like the greenback is correcting up within the general downtrend. A decline below 93.20 will open the way down to 93.00 and 92.50 (200-week MA). Resistance is at 94.00 ahead of 94.90 (50-day MA). More:https://fbs.com/analytics/articles/usd%3a_outlook_for_august_21_25_3070 Link to comment Share on other sites More sharing options...
riki143 Posted August 18, 2017 Author Share Posted August 18, 2017 USD/JPY: DOLLAR RETURNED TO NEGATIVE AREA 13:18 18.08.2017 Technical levels: support – 109.00; resistance – 109.50. Trade recommendations: Sell — 109.50; SL — 109.70; TP1 — 109.00; TP2 — 108.60. Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A; a cancelled golden cross of Tenkan-sen and Kijun-sen, the falling lines; the bears continue their offensive. More:https://fbs.com/analytics/articles/usd_jpy%3a_dollar_returned_to_negative_area_3072 Link to comment Share on other sites More sharing options...
riki143 Posted August 18, 2017 Author Share Posted August 18, 2017 EUR/USD: OUTLOOK FOR AUGUST 21-25 13:25 18.08.2017 In line with expectations, EUR/USD moved horizontally between 1.1845 and 1.1685 during the past week. European stocks were affected by terrorist attack n Barcelona. The minutes of the ECB July meeting revealed the central bank’s concern over the euro’s strength. It also seems that officials are still uncertain how to signal changes in their policy settings as the economic outlook improves and the need for broad-based bond purchases diminishes. The ECB President Mario Draghi will address a conference in Germany on Aug. 23, and two days later attends the US Federal Reserve’s Jackson Hole symposium. According to a Reuters report, Draghi won’t deliver a new policy message in Jackson Hole. At the same time, taking into account low inflation in the euro area and other developed economies, any comments on this point will have an impact on the market. Other events in the region’s economic calendar include German ZEW economic sentiment index on Tuesday, euro zone’s flash manufacturing & services PMIs on Wednesday and German Ifo business climate on Friday. The pair’s now in a correction within the overall uptrend. The trend channel will stay intact as long as the pair’s above 1.1625. It looks like the euro will visit this level. If it is breached, the pair will be vulnerable for a decline to 1.1540. A close below 200-week MA at 1.1770 won’t be a very encouraging sign. Return above 1.1790 is needed to open the way to the recent highs at 1.1845 and 1.1910, as well as the psychological level of 1.2000. More:https://fbs.com/analytics/articles/eur_usd%3a_outlook_for_august_21_25_3073 Link to comment Share on other sites More sharing options...
riki143 Posted August 18, 2017 Author Share Posted August 18, 2017 EUR/USD: "ENGULFING", "DOJI" AND "HARAMI" 13:31 18.08.2017 There are bullish patterns such an "Engulfing", a "Doji" and a "Harami", which all have been formed on the 55 Moving Average line. So, the market is likely going to test the nearest resistance in the short term The price has reached the Moving Averages, so it's likely to have any bearish pattern soon. In this case, we could have a local bearish correction, but bulls will probably try to deliver a new local high afterwards. More:https://fbs.com/analytics/articles/eur_usd%3a_%22engulfing%22%2c_%22doji%22_and_%22harami%22_3074 Link to comment Share on other sites More sharing options...
riki143 Posted August 18, 2017 Author Share Posted August 18, 2017 USD/JPY: BEARS GOING TO REACH LOWER "WINDOW" 13:34 18.08.2017 There isn't any reversal pattern so far, which means we should keep an eye on the lower "Window" as an intraday target. If a pullback from this level happens, we could have an upward correction towards the Moving Averages We've got an "Inverted Hammer" and a "Tweezers" patterns, but both of them haven't been confirmed yet. So, there's an opportunity to have a local bullish correction and the following decline afterwards. More:https://fbs.com/analytics/articles/usd_jpy%3a_bears_going_to_reach_lower_%22window%22_3075 Link to comment Share on other sites More sharing options...
riki143 Posted August 18, 2017 Author Share Posted August 18, 2017 USD/JPY: OUTLOOK FOR AUGUST 21-25 15:46 18.08.2017 USD/JPY had a very volatile week. The pair rebounded from 109.00 to 111.00, but then was rejected down and returned to 109.00. Japanese GDP showed the biggest expansion in more than 2 years (+1% q/q) in the second quarter as consumer and business spending picked up. However, wage growth and inflation remain subdued as companies avoid passing more of their profits to employees. Japan will release inflation figures on Friday. Although a small acceleration in price growth from 0.4% to 0.5% is expected, this is still very far from the regulator’s 2% inflation target. As a result, risk sentiment will remain the primary driver of the pair. The market’s risk aversion is feeding demand for the safe-haven yen. Concerns over US President Donald Trump's ability to push through the pro-growth measures led to significant declines on Wall Street. Terrorist attack in Barcelona also affected the markets. North Korea can also be a source of worries. USD/JPY remains in short- and longer-term downtrend. A decline below 109.00 will open the way down to 108.80 (bottom of the weekly Ichimoku Cloud/August, June lows). In turn, decline below that point will bring the pair down to 108.10 (April low). A break below the latter will be a signal of the bigger top at Forex market. Resistance lies at 109.50, 110.50 and 111.00. More:https://fbs.com/analytics/articles/usd_jpy%3a_outlook_for_august_21_25_3082 Link to comment Share on other sites More sharing options...
riki143 Posted August 18, 2017 Author Share Posted August 18, 2017 GBP/USD: OUTLOOK FOR AUGUST 21-25 16:23 18.08.2017 Reports released this week in the UK showed a mixed picture. Consumer price inflation in Britain unexpectedly held steady in July at an annual rate of 2.6%, despite the fact that analysts were looking forward to a higher number. This news diminishes the pressure on the Bank of England to raise interest rates – not a positive factor for the pound. Retail sales growth exceeded forecasts on the monthly basis, although advance of the indicator in 3 months through July was the weakest in almost 4 years. In the coming days, Britain will release the second estimate of its GDP growth in the second quarter. According to the initial data, the UK economy expanded by only 0.3% – that’s weak in comparison with last year’s figures. Uncertainty about Brexit and global risk concerns are having a negative impact on the British currency. GBP/USD broke below the 50-day MA at 1.2930 at the start of the week and is now consolidating above the 100-day MA at 1.2870. The pair’s currently trading at support line, which connects March and June lows. Decline below the recent lows and 61.8% retracement of June-August rally will open the way down towards the next Fibo level at 1.2735 and 200-day MA at 1.2640. Resistance levels are at 1.2930 and 1.3000. More;https://fbs.com/analytics/articles/gbp_usd%3a_outlook_for_august_21_25_3083 Link to comment Share on other sites More sharing options...
riki143 Posted August 21, 2017 Author Share Posted August 21, 2017 EUR/USD: CONSOLIDATION IN CLOUDY AREA 10:32 21.08.2017 Technical levels: support – 1.1640, 1.1730; resistance – 1.1770, 1.1820. Trade recommendations: Sell — 1.1720; SL — 1.1740; TP1 — 1.1680; TP2 – 1.1640. Reason: bearish Ichimoku Cloud with falling Senkou Span A; a new dead cross of Tenkan-sen and Kijun-sen; the prices are in the Cloud and may test the support of Senkou Span B. More:https://fbs.com/analytics/articles/eur_usd%3a_consolidation_in_cloudy_area_3096 Link to comment Share on other sites More sharing options...
riki143 Posted August 21, 2017 Author Share Posted August 21, 2017 AUD/USD: AUSSIE TESTED SSB’S RESISTANCE 10:33 21.08.2017 Technical levels: support – 0.7890; resistance – 0.7935. Trade recommendations: Buy — 0.7890; SL — 0.7870; TP1 — 0.7935; TP3 — 0.7980. Reason: bearish Ichimoku Cloud with falling Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen; the prices are testing the resistance of Senkou Span B. More:https://fbs.com/analytics/articles/aud_usd%3a_aussie_tested_ssb%E2%80%99s_resistance_3097[/UR] Link to comment Share on other sites More sharing options...
riki143 Posted August 21, 2017 Author Share Posted August 21, 2017 NZD/USD: BULLS PREPARE A STRIKE 11:18 21.08.2017 Recommendation: BUY 0.7335 SL 0.7280 TP1 0.7435 TP2 0.7530 On the daily chart, NZD/USD keeps retracing in line with the transformation of the “Shark” pattern to 5-0. Return of the pair to resistance at 0.7386 (23.6% of the wave CD) and its following successful test will increase the odds of the uptrend’s resumption. On H1, bulls are ready to launch a third attack on 0.7334. Their success will trigger the “Shark” pattern and increase the odds of reaching 88.6% target. We don’t exclude the possibility of an inverted “Head and Shoulders” pattern. More:https://fbs.com/analytics/articles/nzd_usd%3a_bulls_prepare_a_strike__3102 Link to comment Share on other sites More sharing options...
riki143 Posted August 21, 2017 Author Share Posted August 21, 2017 EUR/USD: 34 MA ACTED AS RESISTANCE 11:29 21.08.2017 The 34 Moving Average has acted as resistance, so the price is consolidating. It seems like the market is going to reach the nearest support at 1.1712 - 1.1683. If a pullback from this area happens, there'll be an opportunity to have an upward price movement towards the next resistance at 1.1801 - 1.1846. The price is consolidating along resistance at 1.1757. If a pullback from the 55 Moving Average happens, bears are likely going to achieve the closest support between the levels 1.1727 - 1.1712. Nevertheless, we should keep an eye on the next resistance at 1.1784 - 1.1801 as a bullish target. More:https://fbs.com/analytics/articles/eur_usd%3a_34_ma_acted_as_resistance_3103 Link to comment Share on other sites More sharing options...
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