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USD/JPY: BULLS WILL FIGHT TILL THE END
06:53 02.11.2017

Recommendation:

BUY 114.30

SL 113.75

TP1 115.30 TP3 116.25

On the daily chart, after reaching 88.6% target of an inverted “Shark” pattern and a pullback USD/JPY resumed the short-term uptrend. A break of resistance at 114.35 will open the way to 113% target and 78.6% level of the descending long-term wave.

1509605509-3297c54597baddc0779dab87f7356

On H1, USD/JPY keeps forming a “Widening wedge”. A break of resistance at 114.30 will be a signal for buying. On the other hand, return of the pair to support at 113.30 will allow to think about selling.

1509605523-1f50b4d918123f905c31c70a9dfda

More:
https://fbs.com/analytics/articles/usd-jpy-bulls-will-fight-till-the-end-4813

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GBP/USD: POUND FIXED ABOVE CLOUD
06:56 02.11.2017

Technical levels: support – 1.3240; resistance – 1.3340.

Trade recommendations:

Buy — 1.3280; SL — 1.3260; TP1 — 1.3340; TP2 — 1.3380.
Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A and B; a strong golden cross of Tenkan-sen and Kijun-sen with rising lines; the prices was fixed above a Cloud and Tenkan-sen and may go higher to 1.3340.

1509605777-5838ef800660551113de2aff99712

More:
https://fbs.com/analytics/articles/gbp-usd-pound-fixed-above-cloud-4815
 

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AUD/USD: AUSSIE ENTERED INTO CLOUDY AREA
06:58 02.11.2017

Technical levels: support – 0.7670; resistance – 0.7710

Trade recommendations:

Sell — 0.7710; SL — 0.7730; TP1 — 0.7670; TP2 — 0.7630.
Reason: bearish Ichimoku Cloud, but rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen, horizontal Tenkan-sen and Kijun-sen; the prices entered into the Cloud, but there is a strong resistance on 0.7710-0.7730.

1509605777-42a68b4bfa2f0515dfbaa054e9dba

More:
https://fbs.com/analytics/articles/aud-usd-aussie-entered-into-cloudy-area-4816

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EUR/USD: "TRIPLE BOTTOM" PATTERN
08:13 02.11.2017

1509610305-de1a16baba4027945cea7a052751e

The price is consolidating between the levels 1.1668 - 1.1582. Also, there's a "Double Bottom" pattern, which has been confirmed. The main intraday target is the nearest resistance at 1.1724 - 1.1729, which could be a departure point for a bearish price movement.

1509610304-19c36fec315eecbd4cc8271843ec6

There's a "Triple Bottom" pattern, so the price reached the nearest resistance at 1.1668. In this case, there's an opportunity to have a bearish correction towards the closest support at 1.1634 - 1.1615. If a pullback from this area happens, we could have another bullish price movement.

More:
https://fbs.com/analytics/articles/eur-usd-triple-bottom-pattern-4820

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GBP/USD: CONSOLIDATION NEAR 34 MA
08:20 02.11.2017

1509610305-240ded1102333c0b4a440ec0db748

The price has been consolidating since a pullback from resistance at 1.3336 happened. The main intraday target is the next resistance at 1.3370 - 1.3408. However, if we have a pullback from this area, there'll be an opportunity to have a decline towards the 89 Moving Average.

1509610305-40bab07fe1804baacac08a327fa75

There's a consolidation, which is taking place near the 34 Moving Average. It's likely that bears are going to test the 55 Moving Average during the day. If a pullback from this line happens, we could have another upward price movement in the direction of the next resistance at 1.3336 - 1.3370.

More:
https://fbs.com/analytics/articles/gbp-usd-consolidation-near-34-ma-4822

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EUR/USD: BULLISH "ENGULFING"
13:21 02.11.2017

1509628738-514fa35e7100d74ecf63910202219

The 21 Moving Average has acted as resistance, but there isn't any bearish pattern so far. In this case, bulls are likely going to test the 55 Moving Average, which could be a departure point for another decline.

1509628739-b4cc4e4140afff9bcff3c9ff4b30d

There's a bullish "Engulfing", but confirmation of this pattern isn't enough. So, the pair is likely going to get resistance on the 144 Moving Average during the day.

More:
https://fbs.com/analytics/articles/eur-usd-bullish-engulfing-4834

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USD/JPY: 55 MA ACTED AS SUPPORT AGAIN
13:23 02.11.2017

1509628739-9bf54d051362f3ed378bbe3b9e61c

The lower "Window" has acted as support, so the pair is likely going to test the nearest resistance. If any bearish pattern forms little later on, there'll be an opportunity to have a decline towards the Moving Averages.

1509628739-30c3fe14b384f05127e7c491d7687

The 55 Moving Average has acted as support once again. Also, there isn't any reversal pattern so far. Therefore, bulls are likely going to continue pushing the price higher in the short term.

More:
https://fbs.com/analytics/articles/usd-jpy-55-ma-acted-as-support-again-4835

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EUR/USD: EURO GROWING UP TO CLOUD
06:26 03.11.2017

Technical levels: support – 1.1640; resistance – 1.1670.

Trade recommendations:

Sell — 1.1670; SL — 1.1690; TP1 — 1.1600; TP2 – 1.1580
Reason: bearish Ichimoku Cloud, horizontal Senkou Span A; a weak golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices are in consolidation and rising to resistance of the bottom border of the Cloud.

1509690381-5974574d0f06c411e972e24d898d2

More:
https://fbs.com/analytics/articles/eur-usd-euro-growing-up-to-cloud-4843

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USD/JPY: DOLLAR FIXED POSITIONS ON CLOUD
06:27 03.11.2017

Technical levels: support – 113.90, 113.50; resistance – 114.40.

Trade recommendations:

Buy — 114.00; SL — 113.80; TP1 — 114.40; TP2 — 114.80.
Sell — 113.80; SL — 114.00; TP1 — 113.00; TP2 — 112.40.
Reason: bullish 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 on the support of the Cloud.

1509690381-3dcc4d3b0e9d38341d309e86e7227

More:
https://fbs.com/analytics/articles/usd-jpy-dollar-fixed-positions-on-cloud-4844

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EUR/USD: EURO APPROACHED THE MILESTONE
07:21 03.11.2017

Recommendation:

BUY 1.1680

SL 1.1625

TP1 1.1775 TP2 1.18

On the daily chart, bulls are trying to counterattack and conquer resistance at 1.1670-1.1680. If they succeed, euro will manage to go to the area of trade channel’s intersection ($1.1775-$1.1800). On the other hand, return to support at 1.1595-1.1610 with the following successful will increase the odds of realization of 200% target of AB=CD.

1509693621-8afba167b3e7c15d0d5d28d0f3c7b

On H1, a successful test of resistance at 1.1670-1.1680 will increase the odds of formation of the “Crab” pattern with targets at 78.6% and 88.6%.

1509693635-144c086f9efd0dd7367f2818eb875

More:
https://fbs.com/analytics/articles/eur-usd-euro-approached-the-milestone-4846

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EUR/GBP: BULLS ARE RESUMING THE TREND
07:31 03.11.2017

Recommendation:

BUY 0.8990

SL 0.8935

TP1 0.9075 TP2 0.9200

On the daily chart, EUR/GBP is forming the “Dragon” pattern. The first condition of its realization is the return of the pair inside the previous short-term uptrend channel. A successful test of resistance at 0.8980 will be the signal.

1509694179-bc1ce4ebdd72b71af2881b8edc2b5

On H1, EUR/GBP formed a widening wedge pattern. Return of the pair to support at 0.8800 with the following successful test is a signal for selling. On the other hand, successful test of resistance at 0.8990 will open way to the north for bulls.

1509694196-311438cdc50bb0f634d8ee27e47a0

More:
https://fbs.com/analytics/articles/eur-gbp-bulls-are-resuming-the-trend-4847

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EUR/USD: DEVELOPING "FLAG" PATTERN
08:45 03.11.2017

1509698596-bb4bc720171c25532b9d68667aa72

The price is consolidating between the levels 1.1695 - 1.1582. Also, there's a developing "Flag" pattern, so the market is likely going to reach the nearest resistance at 1.1724 - 1.1729. If a pullback from this area happens, there'll be an opportunity to have a decline towards the closest support at 1.1634 - 1.1615.

1509698596-aed7b73bcbd6b595d16407f8d2150

There's a consolidating, which is taking place between the 55 & 89 Moving Averages. Moreover, we've got a "V-Top" pattern, so bears are likely going to test the 34 Moving Average soon. If a pullback from this line arrives little later on, bulls will probably try to reach the next resistance at 1.1695 - 1.1724.

More:
https://fbs.com/analytics/articles/eur-usd-developing-flag-pattern-4853

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GBP/USD: "TRIPLE TOP" PATTERN
08:48 03.11.2017

1509698596-d79078659cb5616b1893b11dd409b

There's a "Triple Top" pattern, so the market has plunged. However, bears faced with support at 1.3047 - 1.3032, so the price is consolidating. It's likely that the pair is going to rise in the short term. The main intraday target is the next resistance at 1.3081 - 1.3120. This area could be a departure point for a decline.

1509698596-ddd793e5b060fb886ebb97f4897aa

All the Moving Averages have been broken. If a pullback from the closest resistance at 1.3190 happens, there'll be an opportunity to have a downward price movement. In this case, we should keep an eye on the next support at 1.3026 - 1.2994 as the next bearish target.

More:
https://fbs.com/analytics/articles/gbp-usd-triple-top-pattern-4854

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AUD/CAD REVERSED FROM RESISTANCE ZONE
12:16 03.11.2017
AUD/CAD reversed from resistance zone
Next sell target - 0.9770
AUD/CAD recently reversed down from the resistance zone lying between the strong resistance level 0.9900 (top of the previous minor impulse wave 1 from September), upper daily Bollinger Band and the 50% Fibonacci correction of the previous downward impulse from the start of August. AUD/CAD is expected to fall further to the next sell target at the next major support level 0.9770 (which created the daily Bullish Engulfing and the daily Hammer in September).

GRVKNfL.png

More=
https://fbs.com/analytics/articles/aud-cad-reversed-from-resistance-zone-4860

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AUD/NZD REVERSED FROM RESISTANCE ZONE
12:17 03.11.2017

AUD/NZD reversed from resistance zone
Next sell target - 1.1000
AUD/NZD recently reversed down from the resistance zone lying between the multi-month resistance level 1.1300 (which has reversed numerous upward impulse waves from the end of 2014, as can be seen from the weekly AUD/NZD chart below) and the upper weekly Bollinger Band. Given the strength of the aforementioned resistance zone - AUD/NZD can be expected to fall further to the next sell target at the next support level 1.1000.

GRVLfUg.png

More:
https://fbs.com/analytics/articles/aud-nzd-reversed-from-resistance-zone-4861

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NZD/USD: BULLS ARE DREAMING ABOUT REVENGE
07:03 06.11.2017

Recommendation:

BUY 0.695 SL 0.6895 TP 0.705

SELL 0.682 SL 0.6875 TP1 0.6625 TP2 0.637

On the daily chart, bulls failed to hold above an important support at 0.6820. NZD/USD consolidated between 0.6820 and 0.6950. If it leaves this range, the risks of reaching 127.2% and 161.8% targets of “Crab” pattern or return to the inside of the uptrend channel will increase.

1509951642-fb9be1d9d65d6402746f6573306cf

On H1, there’s increased activity of buyers near 0.6880 and 0.6840. If the pair renews November high, this will create reasons for the continuation of NZD advance.

1509951666-3696dc2326705fd45dfa7b732beb8

More:
https://fbs.com/analytics/articles/nzd-usd-bulls-are-dreaming-about-revenge-4880

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AUD/USD: BEARS GOT HUNGRY
07:15 06.11.2017

Recommendation:

SELL 0.762 SL 0.7675 TP 0.75

BUY 0.773 SL 0.7785 TP1 0.782 TP2 0.786

On the daily chart, AUD/USD reached 88.6% target of the “Shark” pattern. After that, there was a pullback towards 23.6% of the wave CD. The pair consolidated in the range between 0.7620-0.7735. If the pair leaves this range, risks of realization of 113% target or a correction to the medium-term bearish trend will increase.

1509952453-1db64c049cc9775b27418fd0e6b08

On H1, rebound from the current levels will allow the bulls to count on the “Widening wedge” pattern. On the other hand, renewal of October low will point at the further decline.

1509952466-ef00342837a633bda01cab6a3fe3e

More:
https://fbs.com/analytics/articles/aud-usd-bears-got-hungry-4881

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EUR/USD: LOCAL "FLAG" PATTERN
07:32 06.11.2017

1509953470-77b228c1f71d1c2bdb36b1cea7662

The last "Flag" pattern has been broken, but the price is consolidating. The main intraday target is the next support area at 1.1560 - 1.1533. If a pullback from these levels happens, there'll be an opportunity to have an upward price movement towards the closest resistance at 1.1615 - 1.1634.

1509953470-2ec96061233be83a842622c134a0a

The price is consolidating between the levels 1.1615 - 1.1601. Also, there's a local "Flag" pattern, so we should keep an eye on the nearest resistance at 1.1634 as an intraday target. If a pullback from this level arrives little later on, bears will probably try to reach another support at 1.1573 - 1.1560.

More:
https://fbs.com/analytics/articles/eur-usd-local-flag-pattern-4882

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GBP/USD: "THORN" PATTERN
07:43 06.11.2017

1509953470-5f6fa572e006c54bd1f4ec9f738c6

There's a "Double Bottom" pattern, which has been confirmed, so there's an upward price movement. However, we've got a bearish "Thorn" pattern, so the market is likely going to test the nearest support at 1.3026 - 1.2994. This area could be a departure point for a bullish correction.

1509953470-dc7c7f7b94949965b6c7b40a290e2

The 34 Moving Average has acted as resistance, so there's a "Thorn" pattern, which has confirmation. Nevertheless, bulls are likely going to test the closest resistance at 1.3190 during the day. If a pullback from this level happens, there'll be an option to have another decline towards the last low.

More:
https://fbs.com/analytics/articles/gbp-usd-thorn-pattern-4884

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EUR/USD: DEVELOPING WAVE (V) OF [III]
07:53 06.11.2017

1509954715-dae55a21caf6d0c1f1d9569a72ef0

The price couldn't fixate above 3/8 MM Level, which means wave (iv) might have been formed, so the price is declining in wave (v) of [iii]. The main intraday target is 0/8 MM level, which could be a departure point for a bullish correction.

1509954715-3c926d4e10d1f90137ea153d987fe

Wave (iv) took the form of a zigzag, so there's an impulse in wave i. Therefore, we're likely going to have another downward impulse in wave iii in the coming hours. In this case, we should keep an eye on 5/8 MM Level as the next bearish target.

More:
https://fbs.com/analytics/articles/eur-usd-developing-wave-v-of-iii-4887

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