riki143 Posted August 23, 2017 Author Share Posted August 23, 2017 EUR/USD: DEVELOPING WAVE [IV] 12:59 23.08.2017 There's a developing wave [iv], which is taking place on the four-hours chart. The main target for wave (c) is 7/8 MM Level, which could be a departure point for wave [v] of 3. We've got a double zigzag in wave (b) and a bearish impulse in wave i. It seems like wave ii is going to end soon, so we could have wave iii of (c) in the short term. If a pullback from 3/8 MM Level happens later on, there'll be an opportunity to have an upward correction. More:https://fbs.com/analytics/articles/eur_usd%3a_developing_wave_%5biv%5d_3183 Link to comment Share on other sites More sharing options...
riki143 Posted August 24, 2017 Author Share Posted August 24, 2017 GBP/USD: POUND IS OVERSOLD 09:37 24.08.2017 Technical levels: support – 1.2750, 1.2710; resistance – 1.2820. Trade recommendations: Sell — 1.2820; SL — 1.2840; TP1 — 1.2750; TP2 — 1.2710. Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen, with falling lines; the local market is oversold, waiting for correction to Tenkan-sen. More:https://fbs.com/analytics/articles/gbp_usd%3a_pound_is_oversold_3215 Link to comment Share on other sites More sharing options...
riki143 Posted August 24, 2017 Author Share Posted August 24, 2017 AUD/USD: BREAKDOWN OF SSA 09:38 24.08.2017 Technical levels: support – 0.7850, 0.7810; resistance – 0.7880. Trade recommendations: Buy — 0.7850; SL — 0.7830; TP1 — 0.7935; TP3 — 0.7980. Reason: bearish Ichimoku Cloud with falling Senkou Span A and B; a new dead cross of Tenkan-sen and Kijun-sen; the prices are entered to negative area, but there is a strong support on the daily timeframe. More:https://fbs.com/analytics/articles/aud_usd%3a_breakdown_of_ssa_3216 Link to comment Share on other sites More sharing options...
riki143 Posted August 24, 2017 Author Share Posted August 24, 2017 EUR/USD: "DOUBLE BOTTOM" PATTERN 10:11 24.08.2017 There's a "Double Bottom" pattern, which has been confirmed, so the price is consolidating. The main intraday target is the nearest resistance at 1.1846 - 1.1875. If a pullback from this area happens, there'll be an opportunity to have a decline in the direction of the 34 Moving Average. We've got a "Triple Top" pattern right under resistance at 1.1827. So, the price is likely going to test the 55 Moving Average in the short term. If a pullback from this line happens, bulls will probably try to achieve the closest resistance at 1.1827 - 1.1838 More:https://fbs.com/analytics/articles/eur_usd%3a_%22double_bottom%22_pattern_3217 Link to comment Share on other sites More sharing options...
riki143 Posted August 24, 2017 Author Share Posted August 24, 2017 GBP/USD: BROKEN "FLAG" 10:19 24.08.2017 The last "Flag" pattern has been broken, so the price reached support at 1.2768. Nevertheless, bears are likely going to test the next support at 1.2768 - 1.2736 in the short term. If we have a pullback from these levels, bulls will have a green light to deliver a local upward correction. Bears faced support at 1.2768, so the price is consolidating. In this case, we should keep an eye on the nearest resistance at 1.2811 as an intraday target. If a pullback from this level arrives little later on, there'll be an option to have another decline towards the next support at 1.2768 - 1.2736. More:https://fbs.com/analytics/articles/gbp_usd%3a_broken_%22flag%22_3218 Link to comment Share on other sites More sharing options...
riki143 Posted August 24, 2017 Author Share Posted August 24, 2017 USD/JPY: YEN MET 3 INDIANS 10:28 24.08.2017 Recommendation: BUY 109.8 SL 109.25 TP1 110.8 TP2 112 On the daily chart, another attempt of bulls to return inside the triangle was unsuccessful. In order to have another chance, buyers need to keep the pair inside the medium-term channel between 108.50 and 114.50. A successful test of its lower border will open the way down to 161.8% target of the AB=CD pattern. On USD/JPY there's consolidation within the inverted “Spike and ledge” pattern on the basis of 1-2-3. Together with “Three Indians” it’s a serious reversal pattern. More:https://fbs.com/analytics/articles/usd_jpy%3a_yen_met_3_indians_3220 Link to comment Share on other sites More sharing options...
riki143 Posted August 24, 2017 Author Share Posted August 24, 2017 USD/CHF DOESN’T WANT TO PART WITH WEDGE 10:41 24.08.2017 Recommendations: SELL 0.9605 SL 0.966 TP1 0.9505 TP2 09475 BUY 0.975 SL 0.9695 TP 0.989 On the daily chart, USD/CHF keeps consolidation near an important level of 0.9650 (23.6% of the last long-term descending wave). If bears manage to lead the pair down below the diagonal support (lower border of the uptrend channel), the odds of reaching 88.6% target of Gartley pattern will increase. On H1, USD/CHF is consolidating within a “Widening wedge”. A break of support levels at 0.9605 and 0.9585 won’t lead the pair south. On the other hand, successful test of resistance at 0.9750 and 0.9765 will open the way for further advance. More:https://fbs.com/analytics/articles/usd_chf_doesn%E2%80%99t_want_to_part_with_wedge_3221 Link to comment Share on other sites More sharing options...
riki143 Posted August 24, 2017 Author Share Posted August 24, 2017 EUR/USD: DEVELOPING ZIGZAG 11:07 24.08.2017 There's developing wave [iv], which is likely going to take the form of a zigzag. The main target is 7/8 MM Level, which could be a departure point for wave [v] of 3. There are a bearish impulse in wave i and a zigzag in wave ii. So, there's an opportunity to have wave iii of (c) soon. In this case, we should keep in mind 3/8 MM Level as the next bearish target. More:https://fbs.com/analytics/articles/eur_usd%3a_developing_zigzag_3223 Link to comment Share on other sites More sharing options...
riki143 Posted August 24, 2017 Author Share Posted August 24, 2017 USD/JPY: "HAMMER" AND "BELT HOLD" 12:32 24.08.2017 There's a developing consolidation. The 34 & 55 Moving Averages are acting as resistance. In this case, the market is likely going to test the upper "Window" once again. If a pullback from this level happens afterwards, bears will probably try to reach the lower "Window". We've got bullish patterns such a "Hammer" and a "Belt Hold" at the local low, which both have been confirmed by the last "Three Methods". So, bulls are likely going to push the price even higher during the day. More:https://fbs.com/analytics/articles/usd_jpy%3a_%22hammer%22_and_%22belt_hold%22_3227 Link to comment Share on other sites More sharing options...
riki143 Posted August 24, 2017 Author Share Posted August 24, 2017 EUR/USD: 34 MA GOING TO ACT AS SUPPORT 13:02 24.08.2017 There's a "Shooting Star", but confirmation of this pattern is quite weak. So, the 34 Moving Average is likely going to act as support. If a pullback from this line happens, there'll be an opportunity to have another upward price movement towards the nearest resistance, which could be a departure point for another decline. We've got a "Tweezers" and a "High Wave", which both have been confirmed by the two "Three Methods" patterns in a row. Therefore, the market is likely going to test the nearest support, where we could have a bullish pattern. If so, the last high will be probably tested once again. More:https://fbs.com/analytics/articles/eur_usd%3a_34_ma_going_to_act_as_support_3228 Link to comment Share on other sites More sharing options...
riki143 Posted August 25, 2017 Author Share Posted August 25, 2017 EUR/USD: BULLISH "PENNANT" 10:19 25.08.2017 The price is consolidating near support at 1.1801. Also, there's a "Pennant", so the market is likely going to move up towards the nearest resistance at 1.1846. In this case, we could have a new local high pretty soon. However, bears will probably try to achieve the closest support at 1.1757 afterwards. There's a consolidation, which is taking place near the 34 Moving Average. At the same time, we've got a bullish "Pennant". Therefore, we should keep an eye on the next resistance at 1.1838 - 1.1846 as an intraday target. If a pullback from this area happens, there'll be an opportunity to have a decline towards the nearest support at 1.1789 - 1.1783. More:https://fbs.com/analytics/articles/eur_usd%3a_bullish_%22pennant%22_3247 Link to comment Share on other sites More sharing options...
riki143 Posted August 25, 2017 Author Share Posted August 25, 2017 GBP/USD: PRICE GOING TO TEST LAST LOW AGAIN 10:22 25.08.2017 Bears faced support at 1.2768, so the price is consolidating. It seems like the market is going to test the last low once again. If any bullish pattern arrives little later on, we should keep in mind the closest resistance at 1.2831 - 1.2853 as an intraday target. The price is consolidating between the levels 1.2768 - 1.2831. The main bearish target is the next support at 1.2768. If a pullback from this level happens, bulls will probably try to reach the nearest resistance area at 1.2811 - 1.2831. More:https://fbs.com/analytics/articles/gbp_usd%3a_price_going_to_test_last_low_again_3248 Link to comment Share on other sites More sharing options...
riki143 Posted August 25, 2017 Author Share Posted August 25, 2017 EUR/USD: WILL THE EURO FALL? 10:22 25.08.2017 Recommendation: BUY 1.1845 SL 1.179 TP1 1.1945 TP2 1.2 SELL 1.1735 SL 1.179 TP 1.1625 TP2 1.155 On the daily chart, EUR/USD keeps forming “Spike and ledge” pattern on the basis of 1-2-3. The break of resistance at 1.1845 will increase the odds of the uptrend’s resumption. On the other hand, successful test of support at 1.1655 will open the way for a correction towards the lower border of the uptrend channel. On H1 EUR/USD keeps consolidating within the “Widening wedge”. Return of the pair towards 38.2% and 23.6% of the wave 4-5 creates a condition for correction. More:https://fbs.com/analytics/articles/eur_usd%3a_will_the_euro_fall__3249 Link to comment Share on other sites More sharing options...
riki143 Posted August 25, 2017 Author Share Posted August 25, 2017 EUR/JPY: BULLS ENTER THE CROSSROADS 10:30 25.08.2017 recommendation: BUY 129.75 SL 129.2 TP1 130.95 TP2 131.8 On the daily chart, EUR/JPY bulls prepare an attack on the horizontal resistance aiming to return the pair inside the previous medium-term rising channel. If they succeed, risks of the bullish trend resumption will significantly rise. On H1, the unsuccessful attempt of bears to make a “Head and Shoulders” pattern points at sellers’ weakness. A break of diagonal resistance will allow the bulls aim for 88.6% and 113% targets of the “Shark” pattern. More:https://fbs.com/analytics/articles/eur_jpy%3a_bulls_enter_the_crossroads_3251 Link to comment Share on other sites More sharing options...
riki143 Posted August 25, 2017 Author Share Posted August 25, 2017 EUR/USD: PRICE STILL CONSOLIDATING 11:19 25.08.2017 The price is still consolidating. It seems like wave [iv] is taking the form of a zigzag, so we could have a bearish impulse in wave (c) of [iv] soon. If a pullback from 7/8 MM Level happens, there'll be an opportunity to have another bullish impulse in wave [v] of 3. There's a possible double zigzag pattern in wave (b), so we've got a bearish impulse in wave i. Therefore, we're likely going to have wave iii of (c) soon. In this case, we should keep an eye on -1/8 MM Level as an intraday target. More:https://fbs.com/analytics/articles/eur_usd%3a_price_still_consolidating_3253 Link to comment Share on other sites More sharing options...
riki143 Posted August 25, 2017 Author Share Posted August 25, 2017 USD/JPY: 34 MA ACTED AS RESISTANCE ONCE AGAIN 12:06 25.08.2017 The 34 Moving Average has acted as resistance once again, so there's a bearish "Harami", but this pattern hasn't been confirmed yet. Therefore, the lower "Window" is likely going to act as support, which means we could have a new local high pretty soon. The last bearish "Harami" hasn't been confirmed enough, so it seems like we could have just a local decline. In this case, we should keep an eye on the upper "Window" as an intraday bullish target. More:https://fbs.com/analytics/articles/usd_jpy%3a_34_ma_acted_as_resistance_once_again_3254 Link to comment Share on other sites More sharing options...
riki143 Posted August 25, 2017 Author Share Posted August 25, 2017 EUR/USD: BULLISH "ENGULFING" 12:10 25.08.2017 The 55 Moving Average has acted as support, so we've got a bullish "Harami" on this line. However, there's also a "Shooting Star" pattern, so the market is likely going to test the nearest support. If a pullback from the 89 MA happens afterwards, there'll be an opportunity to have another upward price movement. There's support by the 89 Moving Average. Also, we've got a developing bullish "Engulfing". If this pattern confirms, the pair is likely going to test the nearest resistance level, which could be a departure point for a decline. More:https://fbs.com/analytics/articles/eur_usd%3a_bullish_%22engulfing%22_3255 Link to comment Share on other sites More sharing options...
riki143 Posted August 25, 2017 Author Share Posted August 25, 2017 EUR/USD: EURO MAY GO HIGHER 12:41 25.08.2017 Technical levels: support – 1.1780; resistance – 1.1870. Trade recommendations: Buy — 1.1800; SL — 1.1780; TP1 — 1.1870; TP2 – 1.1920. Reason: narrow bullish Ichimoku Cloud with rising Senkou Span A and B; a new golden cross of Tenkan-sen and Kijun-sen and rising Tenkan-sen and Kijun-sen; the prices are supported by Tenkan-sen and Kijun-sen; the bulls are ready to continue uptrend. More:https://fbs.com/analytics/articles/eur_usd%3a_euro_may_go_higher_3256 Link to comment Share on other sites More sharing options...
riki143 Posted August 25, 2017 Author Share Posted August 25, 2017 USD/JPY: DOLLAR REACHED CLOUD’S RESISTANCE 12:42 25.08.2017 Technical levels: support – 109.20; resistance – 109.75. Trade recommendations: Sell — 109. 50/60; SL — 109.80; TP1 — 109.00; TP2 — 108.60. Reason: bearish Ichimoku Cloud with falling Senkou Span B; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices are under the pressure of bearish Cloud. More:https://fbs.com/analytics/articles/usd_jpy%3a_dollar_reached_cloud%E2%80%99s_resistance__3257 Link to comment Share on other sites More sharing options...
riki143 Posted August 25, 2017 Author Share Posted August 25, 2017 US DOLLAR: OUTLOOK FOR AUGUST 28 - SEPTEMBER 1 15:45 25.08.2017 During the past week, the US dollar index (DXY) continued consolidation. Recent releases weren’t very optimistic: manufacturing PMI and home sales both declined. Donald Trump threatened to shut down the US government over funding for a border wallon Wednesday. The market is concerned that the Congress won’t easily raise the debt ceiling and deliver on tax reform. There will be a lot of economic updates in the coming days: the US will release consumer confidence on Tuesday, ADP employment report and preliminary GDP for the second quarter on Wednesday, core PCE price index and personal spending on Thursday and NFP together with ISM manufacturing PMI on Friday. All in all, we’ll get a pretty much new information about America’s economic health. The quality of these statistics will be very important for further direction of the greenback. Another important driver of the market will be the speech of the Federal Reserve Chair Janet Yellen at Jackson Hole on Friday evening (August 25). The greenback remains within the overall downtrend. A close above 93.50 is needed for the DXY to start reversing up. Next resistance levels will be at 94.00 and 94.50. A break below 93.00 will lead to 92.50 and 92.00. More:https://fbs.com/analytics/articles/us_dollar%3a_outlook_for_august_28___september_1_3263 Link to comment Share on other sites More sharing options...
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