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EUR/USD Daily Analytics
11:13 13.11.2017

1510571512-2bea4692fccb24aee0994deb43c41

The 55 Moving Average is acting as resistance, so we've got a "Shooting Star" on this line. However, confirmation of this pattern is a quite weak, so we could have just a local bearish correction. If a pullback from the nearest support happens little later on, there'll be an opportunity to have an upward price movement towards the 89 Moving Average.

1510571512-e2de2ed09e6883bdb2b0a6f37571c

There's a bearish "Three Methods" pattern, which has been strongly confirmed. Also, there isn't any reversal pattern so far. In this case, the market is likely going to decline in the direction of the nearest support level, which could be a departure point for another bullish rally.

More:
https://fbs.com/analytics/articles/eur-usd-three-methods-pattern-5037

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USD/JPY Daily Analytics
11:16 13.11.2017

1510571512-9a4f23117e8c8b10c47844fc0b486

The 21 & 34 Moving Averages are acting as resistance, so there's a bearish "Harami" pattern, which has been confirmed enough. Therefore, the price is likely going to get support on the lower "Window" in the short term.

1510571512-cc5d47234ad47aef35a517251ffce

The price has been consolidating under the Moving Averages. Also, there's a bearish "Tower", which has been confirmed by the last "Three Methods" pattern. So, the market is likely going to continue declining during the day.

More:
https://fbs.com/analytics/articles/usd-jpy-bearish-tower-5038

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XAU/USD Daily Analytics
07:28 14.11.2017
Recommendations:

SELL $1268 SL $1280 TP1 $1237 TP2 $1212

BUY $1287 SL $1275 TP $1310 TP2 $1321

On the daily chart, XAU/USD formed a triangle. A break of its upper border close to $1266 an ounce will return the price inside the downtrend channel and increase the odds of achieving 78.6% and 200% of Gartley and AB=CD. On the other hand, successful test of resistance at $1288 will revive hope for the uptrend’s resumption.

1510644461-3c3c5205e2350e553c87bfb24c322

On H1, XAU/USD formed a “Widening wedge”. Traders can bet on the break of $1268-1287 range.

1510644476-ccae822ec07d68fa61b1c2713a582

More:
https://fbs.com/analytics/articles/xau-usd-the-triangle-will-be-a-judge-5068

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USD/CAD Daily Analytics
07:43 14.11.2017
Recommendation:

BUY 1.2830

SL 1.2775

TP1 1.2985 TP2 1.3075

On the daily chart, the inability of bears to let USD/CAD outside of the uptrend channel points at sellers’ weakness. Bulls managed to hold to 1.2717 and are able to go to 88.6% target of the “Shark” pattern.  

1510645252-3c3c5205e2350e553c87bfb24c322

On H1, a break of the upper border of the downtrend channel increases the risks of triggering AB=CD pattern and reaching 127.2%, 161.8%, and 200% targets. However, at first, bulls need to push the pair above 1.2830.

1510645270-ccae822ec07d68fa61b1c2713a582

More:
https://fbs.com/analytics/articles/usd-cad-bulls-launch-an-attack-5069

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EUR/USD Daily Analytics
08:38 14.11.2017

1510648601-7f7d90fa266b7c9d90d440cb2b4bc

The main trend is still bearish, but the price is consolidating. The 55 Moving Average is acting as resistance, so the pair is likely going to reach the nearest support at 1.1634 - 1.1615 in the short term. If a pullback from this levels happens little later on, we could have another upward price movement towards the next resistance at 1.1695 - 1.1724.

1510648601-513d1295fd2f8017b6f5c46f47db7

There's a "Double Bottom" pattern, which has been formed above the 34 Moving Average, so the price is consolidating. The main intraday target is the closest resistance at 1.1689 - 1.1695. If we have a pullback from this area, bears will probably try to reach the 89 MA.

More:
https://fbs.com/analytics/articles/eur-usd-double-bottom-pattern-5072

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GBP/USD Daily Analytics
08:41 14.11.2017

1510648601-385e945e408ab40aed8bac9aabe5e

Bears faced support at 1.3087, so there's a "V-Bottom" pattern, which pushed the price higher. Nevertheless, if the 34 Moving Average acts as resistance, there'll be an opportunity to have a decline towards the nearest support at 1.3087 - 1.3069. This area could be a departure point for another bullish price movement.

1510648602-7a253533ade5dd8e88158d595558e

There's a "V-Bottom" pattern, which led to the current upward price movement. The main intraday target is the nearest resistance at 1.3150. Meanwhile, if we have a pullback from this level, bears will have a green light to test the closest support at 1.3085 afterwards.

More:
https://fbs.com/analytics/articles/gbp-usd-v-bottom-pattern-5073

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EUR/USD Daily Analytics
09:22 14.11.2017
Technical levels: support – 1.1660; resistance – 1.1725.

Trade recommendations:

Sell — 1.1725; SL — 1.1745; TP1 — 1.1660; TP2 – 1.1640
Reason: bearish Ichimoku Cloud, but rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising lines; the prices are inside a Cloud, but there is a strong resistance of Senkou Span B.

1510651346-5974574d0f06c411e972e24d898d2

More:
https://fbs.com/analytics/articles/eur-usd-euro-will-test-senkou-span-b-5075

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GBP/USD Daily Analytics
09:23 14.11.2017
Technical levels: support – 1.3070; resistance – 1.3120.

Trade recommendations:

Sell — 1.3120; SL — 1.3140; TP1 — 1.3070; TP2 — 1.3010.
Reason: bearish Ichimoku Cloud with horizontal lines Senkou Span A and B; a cancelled golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market in consolidation under the bottom border of the Cloud.

1510651346-5838ef800660551113de2aff99712

More:
https://fbs.com/analytics/articles/gbp-usd-pound-in-consolidation-under-cloud-5076

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EUR/USD Daily Analytics
14:57 14.11.2017

1510671350-63d0ef4f684e15daa2a144be2cef8

The price has broken all the Moving Averages, but there isn't any reversal pattern so far, cause all the last candles are bullish. So, if the 89 Moving Average acts as support, there'll be an opportunity to have another upward price movement.

1510671350-fb062b7ce83fe92d9259db409d6a7

Bulls reached the "Window", but there isn't any reversal pattern for now. However, if any bearish pattern forms in the coming hours, we could have a downward correction.

More:
https://fbs.com/analytics/articles/eur-usd-bulls-reached-the-window-5077

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USD/JPY Daily Analytics
15:00 14.11.2017

1510671350-8308932f882bb8d3223f907ba60d5

The upper "Window" acted as resistance, so there's a "Shooting Star" pattern, which hasn't been confirmed yet. In this case, we could have a bearish price movement in the short term.

1510671350-90cf0091928d2d5b86518c65062a3

We've got bearish patterns such a "Harami" and a "Three Black Crows", which both have been confirmed. So, the market is likely going to continue falling down during the day.

More:
https://fbs.com/analytics/articles/usd-jpy-harami-and-three-black-crows-5078

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USD/CHF Daily Analytics
06:42 15.11.2017
Recommendation:

BUY 0.9985

SL 0.993

TP1 1.0085 TP2 1.0145

On the daily chart, USD/CHF is getting outside of the trade channel. This increases the odds of correction. If bears manage to pull the pair below support at 0.9890 and fix below it, chances of continuation of the pullback to 0.9775-0.9800 will increase.

1510728033-a5903a7f3cf43bc4f33886526fd84

On H1, return to the middle of the previous consolidation range of 0.9940-1.0035 will trigger “Shakeout-Fakeout” and be a signal for opening longs. There we also find the lower border of an uptrend channel.

https://fbs.com/img/articles/5090/1510728056-351a015a31e5fdb2fee97b43bc66aebc_1200x1200_q90v3.png[/IG]

More:
https://fbs.com/analytics/articles/usd-chf-bears-practice-deceit-5090

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GBP/USD Daily Analytics
06:54 15.11.2017
Recommendation:

BUY 1.3295 SL 1.324 TP 1.3415 TP2 1.352

SELL 1.3045 SL 1.31 TP1 1.289 TP2 1.2715

On the daily chart, GBP/USD keeps consolidating in 1.3045-1.3320 range. A successful test of its lower border will open bears way down to 200% target of AB=CD. On the other hand, a rise above 1.3320 will increase the risks of uptrend’s resumption.

1510728726-b6b56ed02b1869ac79ae2067aff9c

On H1, there’s the senior widening wedge pattern. Taking into account increased volatility in November and formation of the junior pattern, play it on the breaks of resistance at 1.3295 and support at 1.3045.

1510728770-2cf183d9aa99dd882e50bd88c66a5

More:
https://fbs.com/analytics/articles/gbp-usd-got-confused-in-wedges-5091

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EUR/USD Daily Analytics 
09:02 15.11.2017

1510736454-3ee7a5039dadb61beb4a1e0945f70

Bulls faced with resistance at 1.1787, so the price is consolidating. The main intraday target is the next resistance at 1.1836. If a pullback from this level happens, we could have a bearish correction in the direction of the nearest support at 1.1787.

1510736454-23c566b29f9f314f507cd98bf414e

There's a bullish "Flag" pattern, so the market is likely going to continue moving up towards the closest resistance at 1.1804 - 1.1836 during the day. However, if a pullback from these levels arrives little later on, there'll be an opportunity to have a downward correction towards the nearest support at 1.1804 - 1.1787.

More:
https://fbs.com/analytics/articles/eur-usd-bullish-flag-pattern-5096

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GBP/USD Daily Analytics
09:08 15.11.2017

1510736455-5f48ab39a7c4382e7d92cdf743e72

The price is consolidating near the 89 Moving Average. Also, there's a bullish "Thorn" pattern, so the market is likely going to test the next resistance at 1.3182 - 1.3238. If a pullback from these levels happens, we could have a decline towards the closest support at 1.3182 - 1.3150.

1510736454-f829e3708898b75281d9d65a85940

The Moving Averages have acted as support, so there's a "V-Bottom" pattern. In this case, bulls are likely going to reach the nearest resistance at 1.3179 during the day. If we see a pullback from this level, there'll be time for downward correction.

More:
https://fbs.com/analytics/articles/gbp-usd-moving-averages-acted-as-support-5097

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EUR/USD Daily Analytics
12:35 15.11.2017

1510749246-23cf56f4969d00fbc63df8fbda452

There's a bullish "Three Methods" pattern, so the price is likely going to test the nearest resistance. If a pullback from this level happens little later on, there'll be an opportunity to have a bearish correction.

1510749246-b3a25031b3df84cbe591f5e4a14d6

We've got a bearish "Doji", which has been formed at the last local high. So, the lower "Window" is likely going to act as support in the coming hours. If a pullback from this level arrives afterwards, we could have another bullish rally.

More:
https://fbs.com/analytics/articles/eur-usd-bearish-doji-5099

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USD/JPY Daily Analytics
12:39 15.11.2017

1510749246-1936848ed957f7972e3be92d650a4

The lower "Window" has acted as support, but there isn't any bullish pattern so far. However, we could have a local upward correction, but bears are likely going to continue to push the price even lower afterwards.

1510749246-c2b59e9dbcaa4691c909344e6d159

The price is still declining, but there's a bullish "Hammer" at the local low. Meanwhile, this pattern hasn't been confirmed yet, so there's an option to have just a local correction. Therefore, we're likely going to have another decline pretty soon.

More:
https://fbs.com/analytics/articles/usd-jpy-window-acted-as-support-5100

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EUR/USD Daily Analytics
14:21 15.11.2017

1510755605-673d367e866a6a2caef0bd5fd7542

The market couldn't fixate below 8/8 MM Level, so there's developing wave 5 of (C). Previously, we had an extension in wave 3. Therefore, the last high is likely going to be broken soon.

1510755606-310b6deb7d2e160581e244559fc07

Wave 4 took the form of a zigzag, which led to the current upward price movement. The main intraday target for wave is 7/8 MM Level, which could be a departure point for wave [ii] of 5.

More:
https://fbs.com/analytics/articles/eur-usd-price-couldnt-fixate-below-8-8-mm-level-5102

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TRADING PLAN FOR NOVEMBER 16
14:23 15.11.2017
The US dollar index (DXY) declined below 93.50 on Wednesday. The USD was pressured by the decline of the US Treasury yields. American data came out mixed on Wednesday: there was a slight increase in core CPI growth rate, but wages remained soft. Next support for DXY lies at 93.05 (October 19 low). The US will release unemployment claims and Philly Fed manufacturing index at 15:30 MT time and industrial production at 04:15 MT time on Thursday.  

1510755470-dcdc5e817cbccf2a99a3edc3ebb67

EUR/USD rose above 1.1800 for the first time in 3 weeks. Demand for the euro rose as investors resumed buying European equities and the region’s economic figures remain strong. Resistance is at October high of 1.1880 and 1.1910.

1510756985-ece6c3cfd6736c88dad910dc12d69

GBP/USD is hesitating around 1.3170 after the release of the UK labor market figures. Wage growth exceeded forecast a bit, although the inactivity rate – a number of people not working or seeking job – rose by most in nearly 8 weeks. The release of retail sales on Thursday is the next important event in British economic calendar at 11:30 MT time. In addition, the market will await comments from the Bank of England’s governor Carney during the day. On the upside, the pair’s limited by resistance line from September highs at 1.3210. Support is in 1.3090 area (support line since February) ahead of 1.3000 (psychological level).

1510755530-19dda06215037e098a5fb4cc55818

AUD/USD fell as Australian wage price index disappointed. The Aussie found support at 0.7575 (long-term support line). Attempts to recover will face resistance at 0.7625 (previous support), 0.7650. On Thursday, Australia will release labor market figures at 02:30 MT time.

1510755693-875612112b44805221d72d28a5294

More:
https://fbs.com/analytics/articles/trading-plan-for-november-16-5103

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EUR/JPY Daily Analytics
07:33 16.11.2017
Recommendation:

BUY 133.65

SL 133.1

TP1 134.65 TP2 136

On the daily chart, EUR/JPY reached the targets of “Wolfe waves” pattern. A break of diagonal resistance at 2-4 increased risks of an uptrend’s resumption. To reach targets at 161.8% and 224% of AB=CD the pair should renew November high.

1510817510-151f939c6df1fdb4a28b3d5785d89

On H1, EUR/JPY formed “Wolfe waves” and “Deep Shark”. Correction to 23.6%, 38.2% and 50% of the wave CD are usually used for forming long positions as the Shark is transforming into 5-0.

1510817525-b35d7fb0c22de42ad09055593ba2f

More:
https://fbs.com/analytics/articles/eur-jpy-euro-is-resuming-its-trend-5115

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EUR/USD Daily Analytics
07:40 16.11.2017
Technical levels: support – 1.1770; resistance – 1.1850.

Trade recommendations:

Buy — 1.1790; SL — 1.1770; TP1 — 1.1850; TP2 – 1.1880
Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising lines; the prices are made a new highs and corrected to the support of Tenkan-sen.

1510817991-5974574d0f06c411e972e24d898d2

More:
https://fbs.com/analytics/articles/eur-usd-euro-made-new-highs-5116

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