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EUR/USD: BEARISH "ENGULFING"
14:49 29.08.2017

1504007122-2a02f59bc3b0e033f9794934c9d22

The price is still rising, but we're likely going to have a reversal pattern soon. If so, there'll be an opportunity to have a local downward correction. Nevertheless, bulls are going to deliver a new high afterwards.

1504007122-ebb02349a5932c9b893d483837e4f

We've got a bearish "Engulfing", but this pattern hasn't been confirmed yet. So, the pair is likely going to test the nearest support level, which could be a departure point for another upward price movement.

More:
https://fbs.com/analytics/articles/eur_usd%3a_bearish_%22engulfing%22_3336

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USD/CHF: BULLS CALLED WOLFE FOR HELP
10:10 30.08.2017

Recommendation:
BUY 0.9585
SL 0.953
TP1 0.971 TP2 0.974

On the daily chart, USD/CHF formed a double bottom. The bar with the long lower wick strengthens the odds of the “Dragon” pattern. However, at the beginning bulls need to conquer resistance at 0.9650 (23.6% of the last long-term descending wave) and at 0.9765.

1504076939-a5903a7f3cf43bc4f33886526fd84

On H1, USD/CHF reached the targets of the “Widening wedge” pattern. The pair’s currently forming “Wolfe waves” pattern. A break of resistance at 0.9585 will be a signal for opening long positions.

1504076956-351a015a31e5fdb2fee97b43bc66a

More:
https://fbs.com/analytics/articles/usd_chf%3a_bulls_called_wolfe_for_help_3350

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GBP/USD: BEARS SET A TRAP
10:18 30.08.2017

Recommendations:

SELL 1.296 SL 1.3015 TP1 1.2845 TP2 1.278

SELL 1.3020 SL 1.3075 TP1 1.2915 TP2 1.2845

On the daily chart, bulls are making jumbo efforts to return the pair inside the long-term bullish channel. Never the less, their inability to overcome resistance at 1.2962 (38.2% of the wave CD of the 5-0 pattern) and formation of pin bar points at buyers’ weakness.

1504077468-b6b56ed02b1869ac79ae2067aff9c

On H1, the “Shark” pattern is transforming into 5-0. The pullbacks to 38.2%, 50% and 61.8% of the wave CD may be used for opening short positions.

1504077486-2cf183d9aa99dd882e50bd88c66a5

More:
https://fbs.com/analytics/articles/gbp_usd%3a_bears_set_a_trap_3351

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EUR/USD: "PENNANT" PATTERN
12:28 30.08.2017

1504085238-4127c8415cf1bfd11b83f496e410d

There's a "V-Top" pattern, so the price reached the nearest support at 1.1959. However, bears are likely going to test the next support at 1.1909 - 1.1875. If a pullback from this area happens, there'll be an opportunity to have another upward price movement.

1504085238-f79b2fb9a909c892d03530198f3c0

The 34 Moving Average has acted as support, but we've got a "Pennant" pattern. Therefore, bears are likely going to test the closest support at 1.1909 - 1.1892 soon. If we have a pullback from these levels, bulls will probably try to achieve resistance at 1.1975 - 1.2003.

More:
https://fbs.com/analytics/articles/eur_usd%3a_%22pennant%22_pattern_3357

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GBP/USD: MARKET GOING TO TEST 34 MA
12:30 30.08.2017

1504085238-94bf7337dc1fa5446a1d2d810001d

All the Moving Averages have been broken, but there's a "V-Top" pattern, so the market is likely going to test the 34 MA. If a pullback from this line happens little later on, bulls will have a green light to catch the next resistance at 1.2959 - 1.2989.

1504085238-e7bad8381a702732accfb9025dbff

Bears faced support at 1.2916, so the price is consolidating. Meanwhile, there's a "Flag", so the price is likely going to reach the 89 Moving Average in the short term.

More:
https://fbs.com/analytics/articles/gbp_usd%3a__market_going_to_test_34_ma_3358

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EUR/USD: PULLBACK FROM 7/8 MM LEVEL
14:02 30.08.2017

1504090911-688c4c58d82c62b96f0e793288dd7

There's a pullback from 7/8 MM Level, so wave [v] of 3 may have been formed. In this case, we could have a bearish impulse in wave [a]. The main intraday target is 5/8 MM Level.

1504090911-79982c71dac2fe6222251c9f88c80

We've got a downward impulse in wave (i), so bears are likely going to deliver wave (iii) during the day. If a pullback from 2/8 MM Level happens little later on, there'll be an opportunity to have an upward correction.

More:
https://fbs.com/analytics/articles/eur_usd%3a__pullback_from_7_8_mm_level_3360

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USD/JPY: BEARISH "HARAMI"
14:52 30.08.2017

1504093879-3e7d253a62ef2dbc56f1f1b0faf4a

The 89 Moving Average has acted as resistance, so we've got a "Shooting Star". If this pattern confirms, there'll be an opportunity to have a local decline. Anyway, bulls are likely going to deliver a new high afterwards.

1504093879-b9443af0897bf8cca40b8eb99b58d

There's a bearish "Harami", which has been confirmed. So, the pair is likely going to reach the 144 Moving Average soon. If any bullish pattern arrives afterwards, we should keep an eye on the upper "Window" as an intraday target

More:
https://fbs.com/analytics/articles/usd_jpy%3a_bearish_%22harami%22_3366

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EUR/USD: "THREE METHODS" PATTERN
14:56 30.08.2017

1504093879-61f1b3b4dcbc3ef73b477b696038a

There's a bearish "Harami", which has been confirmed by the last "Three Methods" pattern. So, the market is likely going to continue moving down in the short term.

1504093879-da5de9e2c725bec4ec3c075b479cb

We've got a bullish "Harami" on the lower "Window". If this pattern confirms, we could have a local upward correction in the direction of the nearest resistance level.

More:
https://fbs.com/analytics/articles/eur_usd%3a_%22three_methods%22_pattern_3368

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EUR/USD: CORRECTION TO CLOUD
09:41 31.08.2017

Technical levels: support – 1.1850, 1.1815; resistance – 1.1920, 1.1960.

Trade recommendations:

Buy — 1.1850; SL — 1.1830; TP1 — 1.1920; TP2 – 1.1960.
Reason: bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, narrowing channel of Tenkan-Kijun; the prices are breaking down the support of Kijun-sen and going to Cloud.

1504161690-5974574d0f06c411e972e24d898d2

More:
https://fbs.com/analytics/articles/eur_usd%3a_correction_to_cloud_3386

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GBP/USD: LOOKING FOR SSB
09:42 31.08.2017

Technical levels: support – 1.2900; resistance – 1.2970, 1.3020.

Trade recommendations:

Buy — 1.2920; SL — 1.2900; TP1 — 1.2970; TP2 — 1.3020.
Reason: narrowing bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising Kijun-sen; the Bulls are ready to continue local uptrend up to SSB-levels.

1504161690-5838ef800660551113de2aff99712

More:
https://fbs.com/analytics/articles/gbp_usd%3a_looking_for_ssb_3387

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EUR/JPY: EURO WANTS FREEDOM
10:27 31.08.2017

Recommendation: BUY 131.8 SL 131.25 TP1 132.8 TP2 134

On the daily chart, EUR/JPY tried to lead the quotes outside of the 127.50-131.30 consolidation range to trigger AB=CD pattern and continue rally towards 134. Never the less, formation of a doji bar points at uncertainty and the possibility of a pullback.

1504164405-1e5e1c2582f1145750a65ae155a45

On H1, EUR/JPY formed consolidation range of 131-131.70. The closeness of 113% target of the inverted “Shark” pattern makes bulls careful. Only if the case of its confident test will mean the continuation of the advance.

1504164426-b35d7fb0c22de42ad09055593ba2f

More:
https://fbs.com/analytics/articles/eur_jpy%3a_euro_wants_freedom_3389

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USD/JPY: BULLS COUNTERATTACKED
10:37 31.08.2017

Recommendations:

BUY 109.7 SL 109.15 TP 111.3 TP2 112.15

BUY 110.9 SL 110.35 TP1 112.15 TP2 114

On the daily chart, bulls managed to move the pair outside of the short-term downtrend and start assailing resistance at 110.52. If they succeed, triggering of the inverted “Shark: pattern with target at 88.6% will become more likely.

1504164845-3297c54597baddc0779dab87f7356

On H1, USD/JPY reached the target of the “Widening wedge”. Pullbacks towards 23.6% and 38.2% of the wave CD of the “Shark” pattern, as well as the break of resistance at 110.9 should be used for opening long positions. 

1504164866-1f50b4d918123f905c31c70a9dfda

More:
https://fbs.com/analytics/articles/usd_jpy%3a_bulls_counterattacked_3390

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EUR/USD: "PENNANT" LED TO MASSIVE DECLINE
12:20 31.08.2017

1504170603-5f392b2b549b8836b4467ce6d8f57

Bears faced support at 1.1875, but the market is likely going to continue falling down. So, we should keep an eye on the 55 Moving Average as an intraday target. If a pullback from this line happens, there'll be an opportunity to have an upward price movement towards the nearest resistance at 1.1909 - 1.1959.

1504170602-8a0623cc5a2773b8020bc9ca57c9a

The last "Pennant" led to a massive decline. The main intraday bearish target is the closest support at 1.1838 - 1.1827. Meanwhile, if we have a pullback from this area, bulls will probably try to deliver an upward correction.

More:
https://fbs.com/analytics/articles/eur_usd%3a_%22pennant%22_led_to_massive_decline_3393

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GBP/USD: "THORN" PATTERN
12:47 31.08.2017

1504170602-f1310a2a557539b23d654959f1234

The price is still consolidating near the Moving Averages. It seems like the pair is going to test the nearest support area at 1.2891 - 1.2877. However, if a pullback from these levels arrives later on, there'll be an option to have a bullish price movement towards the closest resistance at 1.2958 - 1.2989.

1504170603-69581c40d141cdcd4f2ce6d263081

There's a "Thorn" pattern, so the price is consolidating. Therefore, the pair is likely going to test the 89 Moving Average. If a pullback from this line happens, bulls will have a green light to achieve another resistance at 1.2942 - 1.2958.

More:
https://fbs.com/analytics/articles/gbp_usd%3a_%22thorn%22_pattern_3394

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EUR/USD: BEARISH "ENGULFING"
14:07 31.08.2017

1504177609-a9e11993079d72a3ffe722e5c459c

The last bearish "Harami" has been confirmed by a "Three Methods" pattern, so the price is declining. The next bearish target is the 55 Moving Average, which could be a departure point for an upward correction.

1504177609-5ef1bbd18b97b4e677021f50f7190

There's a bearish "Engulfing", which has been confirmed enough. So, the market is likely going to test the 89 Moving Average, which could act as support. If a pullback from this line happens, there'll be an opportunity to have another decline.

More:
https://fbs.com/analytics/articles/eur_usd%3a_bearish_%22engulfing%22_3398

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USD/JPY: BULLISH "THREE METHODS"
14:12 31.08.2017

1504177609-41052f18481c9180ca858bf3be0b0

Bulls faced the 144 Moving Average, so we've got a "Shooting Star", but this pattern hasn't been confirmed yet. In this case, the price is likely going to test the nearest resistance level in the short term. If any bearish pattern arrives later on, we could have a downward correction.

1504177610-e1277b088f091e6b8ba491e32ead6

We've got a bullish "Three Methods", so the price is likely going to test the upper "Window". If a pullback from this level happens, there'll be an opportunity to have a bearish correction.

More:
https://fbs.com/analytics/articles/usd_jpy%3a_bullish_%22three_methods%22_3399

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EUR/USD: EURO LIKED PIN BARS
10:04 01.09.2017

Recommendations:

BUY 1.1925 SL 1.187 TP1 1.1995 TP2 1.2085

BUY 1.1985 SL 1.193 TP1 1.2085 TP2 1.2185

On the daily chart, bears’ failure to rise above 1.1845 points at their weakness. This is confirmed by a pin bar with a long lower wick. Traders should favor buying on the break of resistance aiming for 161.8%, 200% and 224 targets of AB=CD pattern.

1504249431-8afba167b3e7c15d0d5d28d0f3c7b

On H1, EUR/USD may form 1-2-3 pattern on correction. The break of resistances at 1.1925 and 1.1985 will be a signal for long positions.

1504249460-144c086f9efd0dd7367f2818eb875

More:
https://fbs.com/analytics/articles/eur_usd%3a_euro_liked_pin_bars_3410

EUR/USD: EURO LIKED PIN BARS
10:04 01.09.2017

Recommendations:

BUY 1.1925 SL 1.187 TP1 1.1995 TP2 1.2085

BUY 1.1985 SL 1.193 TP1 1.2085 TP2 1.2185

On the daily chart, bears’ failure to rise above 1.1845 points at their weakness. This is confirmed by a pin bar with a long lower wick. Traders should favor buying on the break of resistance aiming for 161.8%, 200% and 224 targets of AB=CD pattern.

1504249431-8afba167b3e7c15d0d5d28d0f3c7b

On H1, EUR/USD may form 1-2-3 pattern on correction. The break of resistances at 1.1925 and 1.1985 will be a signal for long positions.

1504249460-144c086f9efd0dd7367f2818eb875

More:
https://fbs.com/analytics/articles/eur_usd%3a_euro_liked_pin_bars_3410

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EUR/GBP: BULLS COUNT ON A WEDGE
10:21 01.09.2017

Recommendations:

BUY 0.922 SL 0.9165 TP 0.932

BUY 0.9235 SL 0.918 TP 0.9335

On the daily chart, EUR/GBP is in sustainable uptrend within “Spike and reversal with acceleration”. As long as the pair doesn’t fall to 0.9068, bulls will retain total control of the pair.

1504250264-b6b56ed02b1869ac79ae2067aff9c

On H1, EUR/GBP is forming a “widening wedge” pattern. Return of the pair to point 3 will end the process and allow to form longs. More aggressive traders can use the break of the upper border of the trend channel as a signal for opening long positions.

1504250400-2cf183d9aa99dd882e50bd88c66a5

More:
https://fbs.com/analytics/articles/eur_gbp%3a_bulls_count_on_a_wedge_3411

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EUR/USD: "V-BOTTOM" PATTERN
11:27 01.09.2017

1504254364-bc75e58e3edd0cf3e1beaf89ee538

Bears faced with support at 1.1875, so we've got a "V-Bottom" pattern, which pushed the price to the nearest resistance at 1.1909. So, the market is likely going to decline towards the next support at 1.1846. If a pullback from this level happens, there'll be an opportunity to have an upward price movement in the direction of another resistance at 1.1975 - 1.2003.

1504254365-9b4f248bbe16aee0f99eeb2480b56

The 34 Moving Average has acted as resistance, so there's a "V-Top" pattern. Therefore, the pair is likely going to decline towards the closest support at 1.1875 - 1.1863. However, if we have a pullback from these levels, bulls will probably try to reach resistance at 1.1959.

More:
https://fbs.com/analytics/articles/eur_usd%3a_%22v_bottom%22_pattern_3415

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