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EUR/USD: EURO RETURNED TO SENKOU SPAN A
06:02 17.10.2017

Technical levels: support – 1.1770, 1.1730; resistance – 1.1825.

Trade recommendations:

Buy — 1.1730; SL — 1.1710; TP1 — 1.1800; TP2 – 1.1825
Reason: bearish Ichimoku Cloud wit falling Senkou Span A; a new weak dead cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices are breakdown the Kijun’s support and going to bottom border of a Cloud.

1508220072-5974574d0f06c411e972e24d898d2

More:
https://fbs.com/analytics/articles/eur-usd-euro-returned-to-senkou-span-a-4434

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GBP/USD: POUND SUPPORTED BY KIJUN-SEN
06:03 17.10.2017

Technical levels: support – 1.3230; resistance – 1.3340.

Trade recommendations:

Buy — 1.3230; SL — 1.3210; TP1 — 1.3340; TP2 — 1.3375.
Reason: bearish Ichimoku Cloud with horizontal Senkou Span A and B; a new golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices are returned to Kijun-sen in a correctional movement.

1508220072-5838ef800660551113de2aff99712

More:
https://fbs.com/analytics/articles/gbp-usd-pound-supported-by-kijun-sen-4435

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XAU/USD: GOLD IS FALLING INTO ABYSS
07:14 17.10.2017

Recommendation:

SELL $1267

SL 1282

TP1 $1237 TP2 $1222 TP3 $1212

On the daily chart, the inability of bulls to overcome resistance at $1299-1302 an ounce points at their weakness. If sellers manage to trigger AB=CD, risks of continuation towards the 200% target will significantly increase.

1508224391-d8029dd1a750de79fab315e2c8c95

On H1, gold is correcting as the “Shark” pattern is transforming into 5-0. If bears want to return the quotes to support levels at 78.6% and 88.6% and conquer them, the continuation of the downtrend will become a reality.

1508224425-ec8be01d836e6a0db07525bf3cdc0

More:
https://fbs.com/analytics/articles/xau-usd-gold-is-falling-into-abyss-4436

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USD/CAD: BULLS ARE READY FOR NEW HIGHS
07:45 17.10.2017

Recommendation:

BUY 1.256

SL 1.2505

TP1 1.2715 TP2 1.292 TP3 1.324

On the daily chart, bulls are trying to restore the short-term uptrend. They managed to defend their fortress near 1.2460. Now buyers are counting on growth towards 88.6% target of the inverted “Shark” pattern.

1508226203-1430b06b52ccdf0a9e951da313446

On H1, USD/CAD formed a “Spike and ledge” pattern. The pair’s trading within the consolidation range of a ledge (1.2435-1.2560). A break of its upper border will strengthen the case for the uptrend to resume.

1508226221-5c726ce87bf89e31cdcfbd4c37b26

More:
https://fbs.com/analytics/articles/usd-cad-bulls-are-ready-for-new-highs-4437

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EUR/USD: "DOUBLE TOP" PATTERN
09:14 17.10.2017

1508231595-33b3d91daf232fde458e4a3a3ccd9

The last "Double Top" pattern led to the current decline. The main intraday target is the nearest support at 1.1745 - 1.1719. If we see a pullback from this area, there'll be an opportunity to have an upward price movement towards the closest resistance at 1.1822 - 1.1837.

1508231595-b1ef295d7227ec7fb9025bd03ad66

There's a "Double Top" pattern, which has been formed under the Moving Averages. In this case, the market is likely going to test the next support at 1.1761 - 1.1738. If a pullback from these levels happens little later on, we could have an upward correction in the direction of the 34 Moving Average.

More:
https://fbs.com/analytics/articles/eur-usd-double-top-pattern-4441

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GBP/USD: DEVELOPING "PENNANT" PATTERN
09:15 17.10.2017

1508231594-eea1d512e208c3d60c82063ffd009

We've got a local "V-Top", so the price is consolidating. Also, there's a possible "Pennant" pattern, so the pair is likely going to test another support at 1.3221 - 1.3150. Meanwhile, if we have a pullback from these levels, there'll be an opportunity to have a bullish price movement towards the closest resistance at 1.3342 - 1.3400.

1508231594-26b267c8f51da410469415e1d25fc

The price is still consolidating. Also, there's a possible developing "Pennant" pattern. Therefore, bears are likely going to test the nearest support at 1.3221 - 1.3202. If a pullback from this area happens, we should keep an eye on the nearest resistance at 1.3290 - 1.3342 as an intraday target.

More:
https://fbs.com/analytics/articles/gbp-usd-developing-pennant-pattern-4442

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EUR/USD: DEVELOPING WAVE [II]
10:50 17.10.2017

1508237390-2a6a583e6c6a80abdbfeb3251a54a

The price is still declining, which means we should keep an eye on 0/8 MM Level as the nearest bearish target. If a pullback from this level happens, there'll be an opportunity to have another upward impulse in wave [iii].

1508237391-fe171ce898fcaa8cf37e3ddaf9268

There's a developing wave [ii], which hasn't been finished yet, so an impulse in wave (c) is likely going to be continued. The main intraday target is 0/8 MM Level, which could be a departure point for wave (i) of [iii].

More:
https://fbs.com/analytics/articles/eur-usd-developing-wave-ii-4443

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USD/JPY: CONFIRMED BULLISH "HAMMER"
13:52 17.10.2017

1508248251-a04a3d1d9c8f856c51dec02e9c5fd

The 89 Moving Average has acted as support, so we've got a "Hammer" and a "Tweezer" patterns. So, bulls are likely going to test the nearest "Window" in the short term.

1508248250-15c52d460568f9ed2f179bdb81e13

The last bullish "Hammer" has been confirmed. However, there's a pullback from the Moving Averages, so we could have a local correction during the day. Nevertheless, bulls will probably try to deliver a new local high afterwards.

More:
https://fbs.com/analytics/articles/usd-jpy-confirmed-bullish-hammer-4446

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EUR/USD: "WINDOW" GOING TO ACT AS SUPPORT
13:54 17.10.2017

1508248251-d4b3f34e3e78d597d23a59a293f14

The last bearish "Three Black Crows" led to the current decline. At the same time, there isn't any bullish pattern so far. In this case, the market is likely going to continue declining in the direction of the nearest support.

1508248251-33b2f8bde3bbaeb50eb7477410bb5

The lower "Window" is likely going to act as support. If a pullback from this level happens, we could have an upward correction towards the Moving Averages.

More:
https://fbs.com/analytics/articles/eur-usd-window-going-to-act-as-support-4447

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AUD/USD: AUSSIE SUPPORTED BY KIJUN-SEN
05:19 18.10.2017
Technical levels: support – 0.7830; resistance – 0.7915, 0.7955

Trade recommendations:

Buy — 0.7830; SL — 0.7810; TP1 — 0.7915; TP2 — 0.7955.
Reason: narrowing bearish Ichimoku Cloud, rising Senkou Span A; a cancelled golden cross of Tenkan-sen and Kijun-sen, but rising Kijun-sen; the prices are on the strong support of Kijun-sen and the market is left the local overbought area.

1508303972-42a68b4bfa2f0515dfbaa054e9dba

More:
https://fbs.com/analytics/articles/aud-usd-aussie-supported-by-kijun-sen-4457

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USD/JPY: BULLS TESTED SSA’S RESISTANCE
05:21 18.10.2017

Technical levels: support – 112.00; resistance – 112.40, 112.90.

Trade recommendations:

Buy — 112.20; SL — 112.00; TP1 — 112.90; TP2 — 113.40.
Reason: narrowing bearish Ichimoku Cloud with rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen; the prices are supported by Tenkan-sen and Kijun-sen and will going to positive area.

1508303972-3dcc4d3b0e9d38341d309e86e7227

More:
https://fbs.com/analytics/articles/usd-jpy-bulls-tested-ssa%E2%80%99s-resistance-4458

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EUR/USD: PRICE GOING TO REACH NEXT SUPPORT
06:53 18.10.2017

1508309543-e3239a9c703ec1ac1416ba4a29b39

The price is still declining but bears faced with support at 1.1735, so there's a local consolidation. Nevertheless, the market is likely going to reach the next support at 1.1719 in the short term. If a pullback from this level happens, we could have an upward correction towards the nearest resistance at 1.1793 - 1.1822.

1508309543-291c090fba75706acaa4f88134b34

The price is consolidating between the levels 1.1779 - 1.1761. It's likely that bulls are going to test the closest resistance at 1.1793, which could be a departure point for a decline in the direction of another support at 1.1735 - 1.1719.

More:
https://fbs.com/analytics/articles/eur-usd-price-going-to-reach-next-support-4461

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GBP/USD: BEARISH "PENNANT" PATTERN
06:56 18.10.2017

1508309543-37110f0e49c2b5f2f3a94d79be184

There's a "Triple Top", so the price is consolidating. The main intraday target is the nearest support area at 1.3120 - 1.3081. Therefore, if a pullback from these levels happens little later on, there'll be an opportunity to have another bullish price movement towards the closest resistance at 1.3221 - 1.3290.

1508309543-ab3440c1aa865b4e1ab2c575dc348

There's a consolidation, which is taking place between the levels 1.3150 - 1.3202. Also, we've got a bearish "Pennant" pattern, so the pair is likely going to achieve the next support at 1.3120 - 1.3077. If a pullback from this area happens, bulls will probably try to reach the nearest resistance at 1.3150.

More:
https://fbs.com/analytics/articles/gbp-usd-bearish-pennant-pattern-4462

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USD/CHF: FRANC IS DREAMING ABOUT A WEDGE
07:15 18.10.2017

Recommendation:

BUY 0.9805

SL 0.975

TP1 0.9875 TP2 0.9985

On the daily chart, USD/CHF keeps forming the reversal “Dragon” pattern. The main task of the bulls is to bring the quotes outside of the downtrend channel with the following test of resistance at 0.9830.

1508310831-a5903a7f3cf43bc4f33886526fd84

On H1, there's a “Spike and ledge” pattern. A successful test of the upper border of the 0.9715-0.9805 consolidation range (“ledge”) will increase the odds of the downtrend’s resumption. On the other hand, a break of support at 0.9715 will trigger the reversal “Widening wedge” pattern.

1508310846-351a015a31e5fdb2fee97b43bc66a

More:
https://fbs.com/analytics/articles/usd-chf-franc-is-dreaming-about-a-wedge-4463

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GBP/USD IS BEING HUNTED
07:38 18.10.2017

Recommendation:

SELL 1.3155

SL 1.321

TP1 1.305 TP2 1.3 TP3 1.27

On the daily chart, GBP/USD keeps forming “Three Indians” pattern. Inability of the bulls to hold the pair above 1.3340 and 1.3265 is an indication of their weakness. Bears are ready for a new attack. In case of break below support at 1.3175 the risks of triggering AB=CD pattern with 200% target will increase.

1508311942-b6b56ed02b1869ac79ae2067aff9c

On H1, if GBP/USD goes beyond the downtrend channel for the second time with the following test of support at 1.3155 will create ground for reaching 88.6% and 113% targets of the “Shark” pattern.

1508311958-2cf183d9aa99dd882e50bd88c66a5

More:
https://fbs.com/analytics/articles/gbp-usd-is-being-hunted-4465

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USD/JPY: BULLISH "HAMMER"
13:26 18.10.2017

1508333017-12ef2831e7a2f31fb0196dae3c629

The 55 Moving Average acted as support and we've got a "Three Methods" pattern, so the price is rising. It's likely that the pair is going to test the next resistance in the short term.

1508333017-a7be6b3d49005b9225cb33d57f818

There's a bullish "Hammer", which has been formed at the last local low. The price reached the upper "Window", but there isn't any reversal pattern so far. In this case, the price is likely going to climb even higher in the coming hours.

More:
https://fbs.com/analytics/articles/usd-jpy--bullish-hammer-4475

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EUR/USD: "WINDOW" ACTED AS SUPPORT
13:29 18.10.2017

1508333017-ec1bf2bbfc6ba7684a1b7d126bd33

The price is consolidating, but bulls are likely going to test the 34 Moving Average in the short term. If a pullback from this line happens, we could have a decline towards the nearest support.

1508333017-5d9dcdc49db3d634f4dcb7a7c605c

The lower "Window" has acted as support, so we should keep an eye on the Moving Averages as an intraday target. These lines could be a departure point for just another decline.

More:
https://fbs.com/analytics/articles/eur-usd-window-acted-as-support-4476

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EUR/USD: 1/8 MM LEVEL ACTED AS SUPPORT AGAIN
13:56 18.10.2017

1508334859-3a589d0356fd33bf377c8e41c6b69

Wave [ii] may have been formed, so there's an opportunity to have an upward impulse in wave [iii]. Previously we had a zigzag in wave 4. The main intraday target is 6/8 MM Level.

1508334859-2bc6fa2ea346148c5be210486396a

1/8 MM Level acted as support one more time, so there's a developing bullish impulse, which could be wave (i). In this case, the price is likely going to test 3/8 MM Level in the coming hours.

More:
https://fbs.com/analytics/articles/eur-usd-1-8-mm-level-acted-as-support-again-4478

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EUR/USD: EURO REACHED SSA AND KIJUN’S RESISTANCE
06:14 19.10.2017

Technical levels: support – 1.1770, 1.1730; resistance – 1.1825.

Trade recommendations:

Sell — 1.1790; SL — 1.1810; TP1 — 1.1730; TP2 – 1.1700
Reason: bearish Ichimoku Cloud, but horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices are returned to the Senkou Span A and Kijun’s resistance and may continue the downtrend.

1508393617-5974574d0f06c411e972e24d898d2

More:
https://fbs.com/analytics/articles/eur-usd-euro-reached-ssa-and-kijun%E2%80%99s-resistance-4493

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GBP/USD: POUND IS UNDER SSA YET
06:15 19.10.2017

Technical levels: support – 1.3130; resistance – 1.3200, 1.3240.

Trade recommendations:

Sell — 1.3200; SL — 1.3220; TP1 — 1.3130; TP2 — 1.310.
Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A; a new dead cross of Tenkan-sen and Kijun-sen, falling Tenkan-sen; the prices are growing up along Senkou Span A and reached the resistance of Tenkan-sen and Kijun-sen.

1508393618-5838ef800660551113de2aff99712

More:
https://fbs.com/analytics/articles/gbp-usd-pound-is-under-ssa-yet-4494

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