riki143 Posted August 21, 2017 Author Share Posted August 21, 2017 GBP/USD: "THORN" PATTERN 11:34 21.08.2017 The last "Flag" pattern has been broken, so the price reached support at 1.2830. Also, there's a "Thorn" pattern, so the market is likely going to test the nearest support at 1.2811. If a pullback from this level happens, bulls will have a green light to reach the next resistance at 1.2892 - 1.2911. There's a consolidation, which is taking place under the 34 Moving Average. So, the pair is likely going to reach the closest resistance at 1.2892. If we have a pullback from this level, bears will probably try to test support at 1.2930 - 1.2811. More:https://fbs.com/analytics/articles/gbp_usd%3a_%22thorn%22_pattern_3104 Link to comment Share on other sites More sharing options...
riki143 Posted August 21, 2017 Author Share Posted August 21, 2017 EUR/USD: POSSIBLE WEDGE PATTERN 12:33 21.08.2017 The price has been consolidating since an impulse in wave [iii] finished. It seems like we could have a zigzag in wave [iv]. So, we could have another bearish impulse in wave (c) of [iv] pretty soon. There's a possible wedge pattern in wave (a) of [iv]. Therefore, we could have wave (b), which is likely going to take the form of a double zigzag. In this case, we should keep an eye on 6/8 MM Level as an intraday bullish target. More:https://fbs.com/analytics/articles/eur_usd%3a_possible_wedge_pattern_3105 Link to comment Share on other sites More sharing options...
riki143 Posted August 21, 2017 Author Share Posted August 21, 2017 EUR/USD: BEARISH "DOJI" 13:27 21.08.2017 We've got a bearish "Doji" on the 34 Moving Average, but confirmation of this pattern isn't enough. So, the price is likely going to test the closest support area, which could be a departure point for an upward price movement. We've got an "Engulfing" pattern at the last local high. Considering confirmation of this pattern, the price is likely going to test the nearest support level. The bearish main target is the lower "Window". More:https://fbs.com/analytics/articles/eur_usd%3a_bearish_%22doji%22_3111 Link to comment Share on other sites More sharing options...
riki143 Posted August 21, 2017 Author Share Posted August 21, 2017 USD/JPY: "WINDOW" ACTED AS SUPPORT 13:30 21.08.2017 https://fbs.com/img/articles/3113/1503311167-7ac37306099513065bb808c328f11211_1200x1200_q90.png[/RIMG] The lower "Window" has acted as support, so we've got an "Inverted Hammer". However, the price couldn't break the upper "Window", so bears are likely going to test the nearest support once again. We've got a local bullish "Harami", which hasn't been confirmed yet. So, the price is likely going to test the closest resistance. If a pullback from this level happens, we could have just another decline. More:https://fbs.com/analytics/articles/usd_jpy%3a_%22window%22_acted_as_support_3113 Link to comment Share on other sites More sharing options...
riki143 Posted August 22, 2017 Author Share Posted August 22, 2017 OIL (WTI) FAVORED BY THE BEARS 01:32 22.08.2017 Oil (WTI) didn’t achieve to consolidate its gains above the 200 SMA at H1 chart and around that area, it found dynamic resistance; a move that was confirmed with a double top pattern. The Fibonacci area of 50% and 65% has been providing the enough supply to make a sell-off in the crude and it’s now heading to lower levels. If the crude oil manages to break below August 17th lows, we can expect further weakness towards -23.6% at 45.57. RSI indicator remains in the negative territory, favoring to the bears. More:https://fbs.com/analytics/articles/oil_%28wti%29_favored_by_the_bears_3131 Link to comment Share on other sites More sharing options...
riki143 Posted August 22, 2017 Author Share Posted August 22, 2017 EUR/USD: "DOUBLE TOP" PATTERN 10:38 22.08.2017 The price is consolidating under the previously broken trend line. So, the pair is likely going to test the 34 Moving Average. If a pullback from this line happens, there'll be an opportunity to have another upward price movement towards the next resistance at 1.1846 - 1.1875. We've got a local "Double Top" pattern, which has been confirmed, so the price is testing the nearest support at 1.1801. It seems like bears are going to reach the next support at 1.1773. However, if we have a pullback from this level, bulls will probably try to achieve another resistance at 1.1838 - 1.1846. More:https://fbs.com/analytics/articles/eur_usd%3a_%22double_top%22_pattern_3141 Link to comment Share on other sites More sharing options...
riki143 Posted August 22, 2017 Author Share Posted August 22, 2017 XAU/USD: INDIANS WILL SHOW WAY FOR GOLD 10:55 22.08.2017 Recommendation: SELL $1280 SL $1296 TP $1264 TP2 $1250 On the daily chart, XAU/USD managed to return inside the bullish medium-term uptrend channel. Successful test of resistance at $1297 will trigger AB=CD pattern. Its 200% is near $1385. On the other hand, failure will allow bears to seize the initiative. On H1, XAU/USD formed a reversal pattern: a combination of “Three Indians” and 1-2-3. A break below correction low at the point 2 will signal the start of corrective move. There’s also diagonal resistance at 23.6% of the last bullish wave. More:https://fbs.com/analytics/articles/xau_usd%3a_indians_will_show_way_for_gold_3144 Link to comment Share on other sites More sharing options...
riki143 Posted August 22, 2017 Author Share Posted August 22, 2017 AUD/USD: BULLS WANT TO GO NORTH 11:17 22.08.2017 Recommendation: BUY 0.796 SL 0.7905 TP1 0.802 TP2 0.807 TP3 0.835 On the daily chart, AUD/USD managed to settle above the important level of 0.7900 (23.6% of the last bullish wave). The odds of the uptrend’s resumption are now higher. The growth of Australian dollar towards 200% target of the AB=CD pattern may continue in case of a successful test of resistance at 0.7960. On H1, AUD/USD reached targets of the “Widening wedge”. A break of resistance at 0.9660 will increase the odds of meeting 88.6% and 113% targets of the “Shark” pattern. More:https://fbs.com/analytics/articles/aud_usd%3a_bulls_want_to_go_north_3145 Link to comment Share on other sites More sharing options...
riki143 Posted August 22, 2017 Author Share Posted August 22, 2017 EUR/USD: "HARAMI" AND "THREE METHODS" 12:06 22.08.2017 We've got a bearish "Harami", which has been confirmed, so the market is likely going to test the 89 Moving Average. If a pullback from this line happens, there'll be an opportunity to have another upward price movement. There are bearish patterns such a "Harami" and a "Three Methods". So, the price is likely going to decline in the coming hours. If any bullish pattern arrives afterwards, bulls will probably try to deliver a new local high. More:https://fbs.com/analytics/articles/eur_usd%3a_%22harami%22_and_%22three_methods%22_3147 Link to comment Share on other sites More sharing options...
riki143 Posted August 22, 2017 Author Share Posted August 22, 2017 USD/JPY: PULLBACK FROM THE LOWER "WINDOW" 12:09 22.08.2017 There's another pullback from the lower "Window". Also, we've got an "Inverted Hammer" and a "Hammer" patterns, which both have been confirmed. So, the market is likely going to the upper "Window" soon. We've got a bullish "High Wave" and an "Engulfing". So, the price is likely going to test the 144 Moving Average, which could be a departure point for a decline. More:https://fbs.com/analytics/articles/usd_jpy%3a_pullback_from_the_lower_%22window%22_3148 Link to comment Share on other sites More sharing options...
riki143 Posted August 22, 2017 Author Share Posted August 22, 2017 EUR/USD: WEDGE AND DOUBLE ZIGZAG 13:16 22.08.2017 The price is still consolidating in wave [iv], which is likely going to take the form of a zigzag. The main intraday target is 7/8 MM Level, which could be a departure point for wave [iv]. We've got a wedge in wave (a) and a double zigzag in wave (b), so the price is declining in wave i of (c). If a pullback from 4/8 MM Level happens, there'll be an opportunity to have wave ii of (c). More:https://fbs.com/analytics/articles/eur_usd%3a_wedge_and_double_zigzag_3149 Link to comment Share on other sites More sharing options...
riki143 Posted August 22, 2017 Author Share Posted August 22, 2017 GBP/USD: BEARS GOING TO TEST NEAREST SUPPORT 10:41 22.08.2017 The price is consolidating between the levels 1.2830 - 1.2911. Meanwhile, bears are likely going to test the nearest support at 1.2853. If we have a pullback from this level, there'll be an option to have a bullish price movement in the direction of the next resistance at 1.2932 - 1.2951. There's a consolidation, which is taking place near the Moving Averages. The market is likely going to reach the closest support at 1.2853 during the day. At the same time, if we have a pullback from this level, bulls will have a green light to catch another resistance at 1.2926 - 1.2932. More:https://fbs.com/analytics/articles/gbp_usd%3a_bears_going_to_test_nearest_support_3142 Link to comment Share on other sites More sharing options...
riki143 Posted August 23, 2017 Author Share Posted August 23, 2017 GBP/USD: BULLS SHOWED WEAKNESS 09:08 23.08.2017 Recommendation: SELL 1.2845 SL 1.29 TP1 1.2665 On the daily chart, GBP/USD keeps forming the shark pattern with the target at 113%. It is situated near 1.2767 (38.2% of the last descending wave). The inability of the bulls to return the quotes inside the medium-term uptrend channel points at their weakness. In such environment, it makes sense to sell the pound on rallies. On H1, GBP/USD formed 2 areas where players accumulated short positions: 1.2950-1.3025 and 1.2845-1.2910. A retest of the lower border of the previous consolidation range will allow bears to continue the decline. More:https://fbs.com/analytics/articles/gbp_usd%3a_bulls_showed_weakness_3171 Link to comment Share on other sites More sharing options...
riki143 Posted August 23, 2017 Author Share Posted August 23, 2017 USD/CAD: BEARS GOT SCARED OF A SHARK 09:15 23.08.2017 Recommendation: SELL 1.2675 SL 1.273 TP1 1,2575 TP2 1.249 TP3 1.245 On the daily chart, USD/CAD keeps forming the 5-0 pattern. Recoil from convergence area at 1.2737-1.2765 allowed bears to try to resume the downtrend. If the pair renews low at 1.2525, it will increase odds of the continuation of the decline. On the other hand, if prices leave the short-term descending trend channel, a consolidation between 1.2525 and 1.2765 may develop. On H1, a successful attack on resistance at 1.2595-1.2610 will trigger the inverse “Shark” pattern with 88.6% target. The inability of bulls to hold the pair above 1.2595 will point at their weakness. More:https://fbs.com/analytics/articles/usd_cad%3a_bears_got_scared_of_a_shark_3172 Link to comment Share on other sites More sharing options...
riki143 Posted August 23, 2017 Author Share Posted August 23, 2017 EUR/USD: EURO SUPPORTED BY CLOUD 09:22 23.08.2017 Technical levels: support – 1.1750; resistance – 1.1820. Trade recommendations: Buy — 1.1770; SL — 1.1750; TP1 — 1.1820; TP2 – 1.1890. Reason: narrow Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen and rising Tenkan-sen; the prices are supported by the Cloud and may continue to rise. More:https://fbs.com/analytics/articles/eur_usd%3a_euro_supported_by_cloud_3173 Link to comment Share on other sites More sharing options...
riki143 Posted August 23, 2017 Author Share Posted August 23, 2017 USD/JPY: DOLLAR CORRECTED TO KIJUN-SEN 09:23 23.08.2017 Technical levels: support – 109.00; resistance – 109.750. Trade recommendations: Sell — 109.40/50; SL — 109.70; TP1 — 109.00; TP2 — 108.60. Reason: bearish Ichimoku Cloud, but Senkou Span A and B are horizontal; a dead cross of Tenkan-sen and Kijun-sen; the market has been corrected to Kijun-sen; waiting to continue of downtrend. More:https://fbs.com/analytics/articles/usd_jpy%3a_dollar_corrected_to_kijun_sen_3174 Link to comment Share on other sites More sharing options...
riki143 Posted August 23, 2017 Author Share Posted August 23, 2017 EUR/USD: "DOUBLE TOP" PATTERN 10:40 23.08.2017 There's a "Double Top" pattern, which has been confirmed. So, the price reached the nearest support at 1.1757, which led to a consolidation. In this case, the market is likely going to test the next support at 1.1712 - 1.1683. If a pullback from this levels happens, there'll be an opportunity to have an upward price movement towards the closest resistance at 1.1801 - 1.1846. The price is consolidating near the Moving Averages. Also, there's a bearish "Pennant" pattern, so the pair is likely going to achieve the next support at 1.1720 - 1.1708 during the day. If we have a pullback from these levels, bulls will probably try to reach resistance at 1.1798 - 1.1801. More:https://fbs.com/analytics/articles/eur_usd%3a_%22double_top%22_pattern_3178 Link to comment Share on other sites More sharing options...
riki143 Posted August 23, 2017 Author Share Posted August 23, 2017 GBP/USD: MARKET GOING TO TEST NEXT SUPPORT 10:45 23.08.2017 Bears faced support at 1.2811, so the price is consolidating. Therefore, the market is likely going to test the next support at 1.2793 - 1.2768 in the coming hours. If a pullback from this area happens little later on, bulls will have a green light to reach the nearest resistance at 1.2830 - 1.2853. The last "Double Top" pattern led to a massive decline. The main intraday target is the closest support 1.2793 - 1.2768. If we have a pullback from these levels, there'll be an option to have a bullish price movement in the direction of the nearest resistance at 1.2831 - 1.2853. More:https://fbs.com/analytics/articles/gbp_usd%3a_market_going_to_test_next_support_3179 Link to comment Share on other sites More sharing options...
riki143 Posted August 23, 2017 Author Share Posted August 23, 2017 EUR/USD: BULLISH "HARAMI" 12:49 23.08.2017 There's a bullish "Harami", which has been formed on the 34 Moving Average. Considering confirmation of this pattern, the price is likely going to test the nearest resistance. If we see a pullback from this level, there'll be an opportunity to have a local decline. All the Moving Averages have been broken, but we still don't have any reversal pattern. Also, there's resistance by the last "Three Methods" pattern. If we have a pullback from this level, bears are likely going to test the nearest support. More:https://fbs.com/analytics/articles/eur_usd%3a_bullish_%22harami%22_3181 Link to comment Share on other sites More sharing options...
riki143 Posted August 23, 2017 Author Share Posted August 23, 2017 USD/JPY: "ENGULFING" ON THE 34 MOVING AVERAGE 12:52 23.08.2017 We've got an "Engulfing" pattern on the 34 Moving Average, so bears are likely going to continue pushing the price lower. The main intraday target is the lower "Window". Bulls faced resistance on the 144 Moving Average, so there's a bearish "High Wave" pattern, which has been confirmed. In this case, the market is likely going to continue falling down. More:https://fbs.com/analytics/articles/usd_jpy%3a_%22engulfing%22_on_the_34_moving_average_3182 Link to comment Share on other sites More sharing options...
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