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EUR/JPY IS GOING NORTH
07:12 26.10.2017

Recommendation:

BUY 133.25 SL 132.7

TP1 134.25 TP2 136

BUY 134.5 SL 133.95 TP 136

On the daily chart, EUR/JPY keeps trading within an uptrend and junior and senior AB=CD. Their 161.8% and 224% targets are near 136. The recent resistance at 133.50 acts as support.

1509001886-151f939c6df1fdb4a28b3d5785d89

On H1, EUR/JPY formed the “Widening wedge” pattern. A break of the lower border of an uptrend channel and triggering of the “Shark” pattern will increase the risks of correction towards 133.25. On the other hand, renewal of October low will allow bulls to keep pushing the pair higher.

1509001931-b35d7fb0c22de42ad09055593ba2f

More:
https://fbs.com/analytics/articles/eur-jpy-is-going-north-4652

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USD/JPY: SHARKS ARE CHASING THE YEN
07:19 26.10.2017

Recommendation:

BUY 112.5 SL 111.95 TP1 113.5 TP2 114.3 TP3 115.3

BUY 114.25 SL 113.7 TP1 115.3

On the daily chart, USD/JPY reached 88.6% target of the «Shark” pattern. As a result, the risks of correction towards 23.6%, 38.2% and 50% of the wave CD in line with the transformation of the “Shark” into 5-0 have increased. The trend remains bullish, so use the pullbacks for buying.

1509002299-51a2ecf3b50e353f9d5ae9e805976

On H1, USD/JPY is forming “Three Indians” pattern. A break of the lower border of the uptrend channel will trigger the “Shark” and the “Widening wedge” patterns and increase the odds of correction towards 112.50.

1509002324-072a7e553eb84cd0ea25a60991b59

More:
https://fbs.com/analytics/articles/usd-jpy-sharks-are-chasing-the-yen-4653

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EUR/USD: PRICE GOING TO TEST NEXT SUPPORT
08:59 26.10.2017

1509008281-7fd9177cc1980aacbb165a9fe0bff

All the Moving Averages have been broken, so the price is moving up. The main intraday target is the nearest resistance at 1.1857. If a pullback from this level happens, there'll be an opportunity to have a decline towards the closest support at 1.1772 - 1.1757.

1509008281-52b71ae674cb24211ca438236d613

Bulls faced with resistance at 1.1831, so the price is consolidating. It's likely that the market is going to test the next support at 1.1810 during the day. If we have a pullback from this level, bulls will probably try to test another resistance at 1.1848 - 1.1857.

More:
https://fbs.com/analytics/articles/eur-usd-price-going-to-test-next-support-4660

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GBP/USD: "DOUBLE BOTTOM" PATTERN
09:02 26.10.2017

1509008281-5a20e6749f6d715abaebdb59de9b4

There's a "Double Bottom" pattern, so the price is rising. The 34 Moving Average is likely going to act as support in the short term. If a pullback from this line happens little later on, there'll be an option to have a bullish price movement towards the next resistance at 1.3336 - 1.3398.

1509008281-6f708db7b1e6025faf5cf09aad978

The last "Pennant" pattern has been transformed into a "Double Bottom", which led to the current bullish rally. Finally, the price found resistance at 1.3286, so we could have a local downward correction during the day. The main target for bears is the closest support at 1.3221 - 1.3200. This area could be a departure point for another upward price movement.

More:
https://fbs.com/analytics/articles/gbp-usd-double-bottom-pattern-4661

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EUR/USD: DEVELOPING BULLISH IMPULSE
09:19 26.10.2017

1509009436-506a81f1e6460e81ed03ce1df8946

The price has been rising since wave [ii] ended. It's likely that there's a developing bullish impulse, which could be wave [iii]. The main intraday target is 6/8 MM Level.

1509009437-e18cb8396378dfc0d17744ad4528f

There are two bullish impulses, which are likely waves (i) and i. So, there's an opportunity to have an extension in wave (iii). In this case, bulls are likely going to deliver wave iii of (iii) in the short term.

More:
https://fbs.com/analytics/articles/eur-usd-developing-bullish-impulse-4662

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EUR/USD: BEARISH "HIGH WAVE"
13:22 26.10.2017

1509024000-91117ec877fd7ede09deabef08221

There's a "Shooting Star", which has been formed at the local high. So, the price is likely going to continue declining until any bullish pattern arrives.

1509024000-59cd45eea3d37717d49e2fec8308f

The last bearish "High Wave" led to the current massive decline, but there's an opportunity to have a local bullish correction in the coming hours. If a pullback from the Moving Averages arrives afterwards, we could have another decline.

More:
https://fbs.com/analytics/articles/eur-usd-bearish-high-wave-4667

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USD/JPY: PRICE CONSOLIDATING NEAR "WINDOW"
13:25 26.10.2017

1509024000-ba5caffe5204095e19640e88a20af

The price is consolidating near the "Window". The 55 Moving Average is likely going to act as support, which could be a departure point for another bullish price movement.

1509024000-87785864d76ad8d96f29b1caf28a8

There's a bearish "Engulfing", which has been formed at the local high. So, the market is likely going to test the 89 Moving Average in the coming hours. If a pullback from this line happens afterwards, bulls will probably try to deliver another upward price movement.

More:
https://fbs.com/analytics/articles/usd-jpy-price-consolidating-near-window-4668

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GBP/USD: POUND RETURNED TO NEGATIVE AREA
06:05 27.10.2017

Technical levels: support – 1.3100; resistance – 1.3150.

Trade recommendations:

Sell — 1.3160; SL — 1.3180; TP1 — 1.3100; TP2 — 1.3075.
Reason: narrowing bearish Ichimoku Cloud with falling Senkou Span B; a cancelled golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices are in negative area, but on the strong support of 1.3100.

1509084287-5838ef800660551113de2aff99712

More:
https://fbs.com/analytics/articles/gbp-usd-pound-returned-to-negative-area-4681

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AUD/USD: AUSSIE IS OVERSOLD
06:07 27.10.2017

Technical levels: support – 0.7610; resistance – 0.7690

Trade recommendations:

Buy — 0.7610; SL — 0.7590; TP1 — 0.7690; TP2 — 0.7730.
Reason: bearish Ichimoku Cloud, falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen, falling Tenkan-sen and Kijun-sen; but the prices are on the strong daily support.

1509084287-42a68b4bfa2f0515dfbaa054e9dba

More:
https://fbs.com/analytics/articles/aud-usd-aussie-is-oversold-4682
 

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EUR/USD WANDERED IN BEARS’ LAIR
06:26 27.10.2017

Recommendation:

SELL 1.167 SL 1.1725 TP1 1.155 TP2 144

SELL 1.1695 SL 1.175 TP1 1.155 TP2 1.144

On the daily chart, EUR/USD formed a 5-0 pattern: after a pullback towards 50% of the wave CD of the “Shark” pattern, the pair declined. Correction towards 200% target of AB=CD will likely continue.

1509085527-8afba167b3e7c15d0d5d28d0f3c7b

On H1, EUR/USD formed a «Widening wedge” and almost reached 127.2% target of the ideal butterfly pattern. Pullbacks towards 1.1670 and 1.1695 may be used for selling.

1509085540-144c086f9efd0dd7367f2818eb875

More:
https://fbs.com/analytics/articles/eur-usd-wandered-in-bears%E2%80%99-lair-4683

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EUR/GBP: BULLS DREAM ABOUT SURFING
06:37 27.10.2017

Recommendations:

BUY 0.8895 SL 0.884 TP1 0.8995 TP2 0.9075

SELL 0.8770 SL 0.8825 TP 0.8670

On the daily chart, the “Shark” pattern is transforming into 5-0. Return to 50% of the wave CD may be a reason for buying. On the other hand, a break of support levels at 78.6% and 88.6% of the wave CD will increase the risks of odds of a decline.

1509086163-bc1ce4ebdd72b71af2881b8edc2b5

On H1, there are conditions for triggering “Wolfe waves” pattern with the following formation of a “Shark” pattern. At first, bulls need to conquer resistance at 0.8895 (high of the bar which marked the previous low).

1509086178-311438cdc50bb0f634d8ee27e47a0

More;
https://fbs.com/analytics/articles/eur-gbp-bulls-dream-about-surfing-4684

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EUR/USD: "FLAG" PATTERN
09:40 27.10.2017

1509097135-fd36cb05265b87e3450a4dec590a8

Bears faced with support at 1.1615, so the price is consolidating. The main intraday target is the next support at 1.1582 - 1.1560. If a pullback from this area happens, there'll be an opportunity to have an upward correction in the direction of the closest resistance at 1.1615 - 1.1668.

1509097134-2f3403d20b9cef9f910218a76da74

There's a "Flag" pattern, so the market is likely going to reach another support at 1.1582 - 1.1560 during the day. However, if we see a pullback from these levels, there'll be time for a bullish correction.

More:
https://fbs.com/analytics/articles/eur-usd-flag-pattern-4687

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GBP/USD: "TRIPLE TOP" PATTERN
09:46 27.10.2017

1509097135-025fe829876c0d904bfb0d60f4ce4

The last bearish "Double Top" led to the current decline. It seems like bears are ready to move on, so we could have a new local low soon. At the same time, there's an opportunity to have an upward correction afterwards. The main bullish target is the nearest resistance at 1.3182 - 1.3227.

1509097135-42924e31e26a0506934f5f10150b2

The market has plunged because of the last "Triple Top" pattern. The price is likely going to reach the next support at 1.3061 - 1.3047 during the day. If we have a pullback from this area, bulls will probably try to test the closest resistance at 1.3150 - 1.3182.

More:
https://fbs.com/analytics/articles/gbp-usd-triple-top-pattern-4688

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EUR/USD: SERIES OF "THREE METHODS" PATTERNS
12:11 27.10.2017

1509106206-fe3bbfef55e328d73582085140e98

There's a developing bearish "Three Methods". If this pattern confirms, the price is likely going to continue moving down until any bullish model forms.

1509106206-e72591118e2f789ad5529133b2f44

We've got series of "Three Methods" patterns, so the price is still declining. It's likely that the market is going to test the nearest support area, which could be a departure point for a bullish correction.

More:
https://fbs.com/analytics/articles/eur-usd-series-of-three-methods-patterns-4690

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USD/JPY: BULLISH "DOJI"
12:14 27.10.2017

1509106207-252743fe49a46495173842643735b

The price reached the nearest resistance, but there isn't any reversal pattern so far. So, bulls are likely going to deliver a new local high. Nevertheless, there's an opportunity to have a downward correction in the short term.

1509106207-907108be15f4fd5cec472bdead762

There's a bullish "Doji", which has been formed at the local low. This pattern has confirmation, so we could have another upward price movement. If any bearish pattern arrives little later on, there'll be time for a downward correction.

More:
https://fbs.com/analytics/articles/usd-jpy-bullish-doji-4691

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GBP/USD: POUND WILL TEST SSA
06:50 30.10.2017

Technical levels: support – 1.3100; resistance – 1.3150.

Trade recommendations:

Sell — 1.3150; SL — 1.3170; TP1 — 1.3100; TP2 — 1.3075.
Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a new dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen; the prices are under the resistance of Senkou Span A.

1509346229-5838ef800660551113de2aff99712

More:
https://fbs.com/analytics/articles/gbp-usd-pound-will-test-ssa-4709

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USD/JPY: DOLLAR RETURNED TO CLOUD
06:51 30.10.2017

Technical levels: support – 113.40; resistance – 114.40.

Trade recommendations:

Buy — 113.40; SL — 113.20; TP1 — 114.00; TP2 — 114.40.
Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen; the prices are tested the resistance of 114.40 and returned to support of the Cloud.

1509346229-3dcc4d3b0e9d38341d309e86e7227

More:
https://fbs.com/analytics/articles/usd-jpy-dollar-returned-to-cloud-4710

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EUR/USD: "V-BOTTOM" PATTERN
06:54 30.10.2017

1509346383-d68b2ffda4a6ad2c31fdda476eaf8

There's a "V-Bottom" pattern, so the price reached the nearest resistance at 1.1615. Nevertheless, the market is likely going to achieve the next resistance at 1.1668 - 1.1695 in the short term. If a pullback from this area happens, we could have a downward correction towards the closest support at 1.1560 - 1.1533.

1509346383-ce5c35bdff732baebe14cf5fa0e51

The last "V-Bottom" pattern led to the current consolidation. The main intraday target is the nearest support at 1.1582 - 1.1560. If a pullback from this area happens, there'll be an opportunity to have an upward price movement in the direction of another resistance at 1.1668 - 1.1695.

More:
https://fbs.com/analytics/articles/eur-usd-v-bottom-pattern-4711

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GBP/USD: 34 MOVING AVERAGE ACTS AS RESISTANCE
06:57 30.10.2017

1509346384-0728dcc1a96fe5a6c262acc549b3e

We've got a "V-Bottom", which pushed the price to the nearest resistance at 1.3150. The 89 Moving Average is likely going to act as resistance in the short term. If we have a pullback from this line, bears will probably try to test the closest support at 1.3120 - 1.3081.

1509346384-8da101de927f357dfcea6b9e12b74

There's a "Double Bottom", which has been confirmed. At the same time, the 34 Moving Average acts as resistance, so bears are likely going to reach the nearest support at 1.3109 - 1.3087 during the day. This area could be a departure point for a bullish price movement towards the next resistance at 1.3182 - 1.3208.

More:
https://fbs.com/analytics/articles/gbp-usd-34-moving-average-acts-as-resistance-4713

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EUR/USD: +1/8 MM LEVEL ACTED AS RESISTANCE
07:11 30.10.2017

1509347416-30eb03303be97bd2cdf099a6d6882

+1/8 MM Level has acted as resistance, so a bullish impulse in wave (c) might be ended. In this case, there's an opportunity to have bearish wave 3. The main target for the coming days is 6/8 MM Level.

1509347417-e5f63570e68fd4eff5c8a8416ad5d

There's a pullback from 2/8 MM Level, so wave (iii) might have been formed. So, we're likely going to have an upward correction, which could be wave (iv). If a pullback from 3/8 MM Level happens little later on, we could have another decline in wave (v) of [iii].

More:
https://fbs.com/analytics/articles/eur-usd-%2b1-8-mm-level-acted-as-resistance-4714

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