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EUR/USD: PULLBACK FROM 0/8 MM LEVEL
08:22 02.10.2017

1506932477-6f20fb53ce863ebb9fd2058eee4f4

Wave 4 has been finished, cause there's a pullback from 0/8 MM Level. Also, there's an upward impulse in wave , so we've got developing wave [ii], which is about to end. In this case, we're likely going to have another upward impulse in wave [iii] of 5 soon.

1506932477-2e57faeb9ce8515f188f36b724143

There's a local decline, which could be wave [ii]. However, this bullish wave count will be unconfirmed until a bullish impulse in wave (i) arrives.

More:
https://fbs.com/analytics/articles/eur-usd-pullback-from-0-8-mm-level-4103

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EUR/USD: "SHOOTING STAR" AT THE LOCAL HIGH
11:56 02.10.2017

1506945364-066febb8260995a80ad51b17d701a

There's a "Shooting Star", which has been formed at the last local high. This pattern has been confirmed, so the pair is likely going to decline towards the nearest support level.

1506945364-6d497dc5f68df7567c207621d9484

The last bearish "Three Methods" pattern led to the current decline. Also, there isn't any reversal pattern so far. In this case, the market is likely going to continue moving down during the day.

More:
https://fbs.com/analytics/articles/eur-usd-shooting-star-at-the-local-high-4111

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USD/JPY: "HAMMER" ON 34 MOVING AVERAGE
11:58 02.10.2017

1506945364-e111318bbc75c8c4229f5d1b23c13

The 34 Moving Average has acted as support, so we've got a "Hammer" in this line. Therefore, bulls are likely going to test the upper "Window" in the short term. If a pullback from this level happens later on, we could have a downward correction.

1506945364-e36e1000f599a3429de9b9620132d

There's a bearish "Engulfing", which has been formed at the last local high. So, there's an opportunity to have a downward correction in the coming hours. If a pullback from the 55 Moving Average arrives afterwards, bulls will probably try to deliver another upward price movement.

More:
https://fbs.com/analytics/articles/usd-jpy-hammer-on-34-moving-average-4112

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XAU/USD: BEARS ARE ATTACKING
06:53 03.10.2017

Recommendation:

BUY $1254

SL $1240

TP1 $1281 TP2 $1300 TP2 $1315Β 

On the daily chart, XAU/USD went to an important support at $1267.6 an ounce. If bears manage to conquer it, risks of continuation towards the lower border of uptrend channel will significantly increase. On the other hand, recoil to the downside will allow consolidation in the $1265-1315 range.

1507013601-20c6ebb86722ac92f8a505b7903a9

On H1, XAU/USD is heading towards $1254. Near it there’s a lower border of the downtrend channel, 224% target of AB=CD and historic support. This increases the risks of a pullback.

1507013615-e12a637cc937326a9c7981d6dfc46

More:
https://fbs.com/analytics/articles/xau-usd-bears-are-attacking-4132

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USD/CAD: LOONIE IS BREAKING THE TREND
07:38 03.10.2017

Recommendation:

BUY 1.2595

SL 1.254

TP1 1.2715 TP2 1.292 TP3 1.325

On the daily chart, USD/CAD bulls managed to overcome resistance at 1.2462. If they manage to conquer 1.2717 with ease, the odds of triggering the β€œShark” patter will significantly increase. Its 88.6% target corresponds to 1.3250.

1507016259-1430b06b52ccdf0a9e951da313446

On H1, increase above resistance at 1.2533 will open the way to 1.2595 (88.6% of the last descending wave + 161.8% target of AB=CD). A successful test of this level will allow bulls to continue the rally.

1507016288-c19703868bbc85441b3abba113bcb

More:
https://fbs.com/analytics/articles/usd-cad-loonie-is-breaking-the-trend-4133

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GBP/USD: POUND BOUNCED FROM SSB’S
07:38 03.10.2017

Technical levels: support – 1.3250/80; resistance – 1.3340, 1. 3410.

Trade recommendations:

Buy β€” 1.3270; SL β€” 1.3250; TP1 β€” 1.3340; TP2 β€” 1.3410.
Reason: narrowing bullish Ichimoku Cloud, but rising Senkou Span B; a dead cross of Tenkan-sen and Kijun-sen with the horizontal Tenkan-sen and Β Kijun-sen; the prices are reached the SSB’s support and bounced inside Cloud.

1507016327-5838ef800660551113de2aff99712

More:
https://fbs.com/analytics/articles/gbp-usd-pound-bounced-from-ssb%E2%80%99s-4134

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AUD/USD: AUSSIE MAY RETURN TO CLOUD
07:39 03.10.2017

Technical levels: support – 0.7800; resistance – 0.7880, 0.7900.

Trade recommendations:

Buy β€” 0.7820; SL β€” 0.7800; TP1 β€” 0.7880; TP2 β€” 0.7900.
Reason: bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with falling lines; the prices are on the strong support on the daily timeframe.

1507016327-42a68b4bfa2f0515dfbaa054e9dba

More:
https://fbs.com/analytics/articles/aud-usd-aussie-may-return-to-cloud-4135

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EUR/USD: CONFIRMED "DOUBLE BOTTOM"
12:10 03.10.2017

1507032552-07485d8a7f5ea623ed458ad7fdf3c

Bears faced with support at 1.1688, so we've got a "V-Bottom". In this case, the market is likely going to reach the nearest resistance at 1.1772 - 1.1793 in the coming hours. If a pullback from this area happens, we could have a decline towards the closest support at 1.1688 - 1.1661.

1507032552-8503571a8c9edc63c29edc6a3e3d9

There's a "Double Bottom", which has been confirmed, so the price is likely going to reach the nearest resistance at 1.1772 - 1.1793 in the coming hours. If we see a pullback from these levels, there'll be an opportunity to have a downward price movement towards another support at 1.1688 - 1.1661.

More:
https://fbs.com/analytics/articles/eur-usd-confirmed-double-bottom-4143

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GBP/USD: "V-BOTTOM" PATTERN
12:12 03.10.2017

1507032552-f30f43a47b8a41cacd3b26aabca13

We've got a "V-Bottom", so there's an opportunity to have a local bullish correction. Meanwhile, bears are likely going to test the next support at 1.3182 - 1.3150 afterwards. If we have a pullback from this area, bulls will probably try to deliver an upward price movement.

1507032552-269afc4002b0ec18d5e14b4ec8b3d

There's a "Double Bottom", which has been confirmed. So, the main intraday target is the nearest resistance at 1.3328. However, if a pullback from this level happens, we could have another decline.

More:
https://fbs.com/analytics/articles/gbp-usd-v-bottom-pattern-4144

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EUR/USD: BULLISH "ENGULFING"
12:25 03.10.2017

1507033464-bc32be03685e832e7d1dd632c64a6

There's a bullish "Engulfing", which has been formed at the last local low. Considering confirmation of this pattern, the market is likely going to test the Moving Averages. If a pullback from these lines happens, we could have another decline.

1507033465-e8950dbb89c19816527d85a23b5e6

We've got a "Tower" and a "Doji", so the 34 Moving Average is likely going to act as resistance. So, there's an opportunity to have a local correction if a pullback from this line happens in the coming hours.

More:
https://fbs.com/analytics/articles/eur-usd-bullish-engulfing-4146

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USD/JPY: "WINDOW" ACTING AS SUPPORT
12:27 03.10.2017

1507033465-955325a306ba57159486663f5faca

The nearest "Window" is acting as support, which is likely going to be tested once again in the short term. If we have another pullback from the "Window", bulls will probably try to deliver a new local high.

1507033464-21c912bfd9a72b6c84a05578b9661

We've got a bearish "Tower", which has been formed right below the upper "Window". So, the pair is likely going to test the 89 Moving Average during the day.

more:
https://fbs.com/analytics/articles/usd-jpy-window-acting-as-support-4147

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EUR/USD: EURO CORRECTED TO KIJUN-SEN
05:41 04.10.2017

Technical levels: support – 1.1700; resistance – 1.1770.

Trade recommendations:

Sell β€” 1.1750; SL β€” 1.1770; TP1 β€” 1.1700; TP2 – 1.1650
Reason: expanding bearish Ichimoku Cloud, falling Senkou Span A; a new dead cross of Tenkan-sen and Kijun-sen with falling Kijun-sen; the prices are under the Cloud’s resistance.

1507095649-5974574d0f06c411e972e24d898d2

More:
https://fbs.com/analytics/articles/eur-usd-euro-corrected-to-kijun-sen-4163

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USD/JPY: DOLLAR WILL TEST CLOUD’S SUPPORT
05:41 04.10.2017


Technical levels: support – 112.30/40; resistance – 113.00, 113.30.

Trade recommendations:

Buy β€” 112.60; SL β€” 112.40; TP1 β€” 113.30; TP2 β€” 114.00.
Reason: bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, but the horizontal Tenkan-sen and Kijun-sen; the prices are breaking down the Kijun’s support and going to Cloud.

1507095649-3dcc4d3b0e9d38341d309e86e7227

More;
https://fbs.com/analytics/articles/usd-jpy-dollar-will-test-cloud%E2%80%99s-support-4164

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USD/CHF: FRANC WENT OFF THE ROAD
07:27 04.10.2017

Recommendations:

SELL 0.971 SL 0.9765 TP1 0.9585 TP2 0.954
SELL 0.9645 SL 0.97 TP1 0.9585 TP2 0.954
On the daily chart, the inability of bulls to settle above 0.9760 points at their weakness. If bears manage to use the pin bar, the odds of decline to 88.6% and 113% targets of the β€œShark” pattern will increase.

1507101970-a5903a7f3cf43bc4f33886526fd84

On H1, there’s a combination of reversal patterns β€œThree Indians” and β€œWidening wedge”. Aggressive selling involves opening positions on the break of the lower border of the uptrend channel. Conservative sellers can open positions on a successful break of support at 0.9645.Β 

1507101992-351a015a31e5fdb2fee97b43bc66a

More:
https://fbs.com/analytics/articles/usd-chf-franc-went-off-the-road-4167

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GBP/USD: BEARS CREATED A TRAP
07:52 04.10.2017

Recommendation:

SELL 1.332 SL 1.3375 TP 1.321 TP2 1.3105

SELL 1.338 SL 1.3435 TP1 1.328 TP2 1.321

On the daily chart, after GBP/USD formed AB=CD and β€œThree Indians” patterns, there was a pullback. Bulls are currently trying to return in the game and resume the uptrend. For a start, they have to overcome 1.3290.

1507103480-b6b56ed02b1869ac79ae2067aff9c

On H1, GBP/USD reached 88.6% target of the β€œShark” pattern. After this, the β€œShark” started transforming into 5-0. Pullbacks towards 23.6%, 38.2% and 50% of the wave CD, as usual, are used for forming short positions.

1507103500-2cf183d9aa99dd882e50bd88c66a5

More;
https://fbs.com/analytics/articles/gbp-usd-bears-created-a-trap-4169

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EUR/USD: "PENNANT" LED TO FORM NEW HIGH
08:58 04.10.2017

1507107416-a3b5b2e98c6adc06a3c5656472591

There's a "V-Bottom" pattern, so the price reached the nearest resistance at 1.1772. Nevertheless, the market is likely going to achieve the 89 Moving Average in the short term. If a pullback from this line happens, we could have a decline towards the closest support at 1.1714 - 1.1688

1507107416-a8f37eee1e7dea87ccc537e5921ae

The last "Pennant" pattern led to form a new local high. Also, we've got a bullish "Flag", so the pair is likely going to reach another resistance at 1.1831 in the coming hours. However, if a pullback from this level happens, there'll be an opportunity to have a decline in the direction of the nearest support at 1.1739 - 1.1714.

More:
https://fbs.com/analytics/articles/eur-usd-pennant-led-to-form-new-high-4170

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GBP/USD: "TRIPLE BOTTOM"
09:00 04.10.2017

1507107416-f5e0036674592fdc2733e57953cdd

Bears faced with support at 1.3223, so there's a "Triple Bottom", which pushed the price to the closest resistance at 1.3278. Meanwhile, the market is likely going to continue moving up towards the 34 Moving Average. If this line acts as resistance little later on, bears will try to reach another support at 1.3223 - 1.3182.

1507107416-03718938af5febfd6ec3f5835286f

We've got a "Triple Bottom", so the price is consolidating. The main intraday target is the 89 Moving Average, which could be a departure point for another decline in the direction of the last low.

More:
https://fbs.com/analytics/articles/gbp-usd-triple-bottom-4171

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EUR/USD: POSSIBLE EXTENSION IN THE THIRD WAVE
10:27 04.10.2017

1507112781-f9696f68c73fe5816dc700fbc8131

There's a pullback from 0/8 MM Level, so wave 4 may have been formed. Therefore, there's an opportunity to have an upward impulse in wave . The main intraday target is 2/8 MM Level, which could be a departure point for a downward correction.

1507112781-6124603546f99c7aeda3685b8c809

As we can see on the one-hour chart, there's a possible extension in the third wave inside wave . So, the market is likely going to continue moving up, which means we could have a new local high pretty soon.

More:
https://fbs.com/analytics/articles/eur-usd-possible-extension-in-the-third-wave-4178

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USD/JPY: "TOWER" LED TO DECLINE
11:24 04.10.2017

1507116215-10cd06bb61f6009f80fe3ee2bcd2a

The price is still consolidating. Also, there's a "Hanging Man", which has been formed at the last local high. So, the 34 Moving Average is likely going to act as support. If so, we could have another bullish rally afterwards.

1507116215-d598739c6e97055a1d0f4024503b0

The last "Tower" pattern led to the current decline. Meanwhile, if any bullish pattern forms on the lower "Window", there'll be an opportunity to have an upward price movement towards the nearest resistance area.

More:
https://fbs.com/analytics/articles/usd-jpy-tower-led-to-decline-4179

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EUR/USD: BULLISH "ENGULFING"
11:28 04.10.2017

1507116215-b41ed7911d6ed349069a74e0ff4a8

There's a bullish "Engulfing", which has been confirmed enough. So, the market is likely going to continue moving up towards the nearest resistance area, which could be a departure point for another decline.

1507116215-a856a580601b1a5c40891d89c6238

We've got a bullish "Hammer", but confirmation of this pattern is still on the way. Therefore, we could have a local bearish correction during the day. However, if a pullback from the closest support happens little later on, there'll be an opportunity to have an upward price movement in the direction of the last high.

More:
https://fbs.com/analytics/articles/eur-usd-bullish-engulfing-4180

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