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USD/JPY Daily Analytics
12:12 08.12.2017


1512734860-995ee909a1aa2c13fde00be210d62

The pair has reached the upper "Window", but there isn't any reversal pattern so far. In this case, the market is likely going to continue moving up until any bearish candle model forms.

1512734860-0cc165fa86675a1cb477107a034da

The last two "Three Methods" patterns pushed the market higher. There's no any bearish pattern, so the market is likely going to climb even higher in the coming hours.

More:
https://fbs.com/analytics/articles/usd-jpy-pair-reached-the-upper-window-5587

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GBP/USD Daily Analytics
06:36 11.12.2017

Technical levels: support – 1.3380; resistance – 1.3420.

Trade recommendations:

Buy — 1.3430; SL — 1.3410; TP1 — 1.3490; TP2 — 1.3530.
Reason: bearish Ichimoku Cloud, rising Senkou Span A; a cancelled golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices in a cloudy area but there is a strong support on 1.3380.

1512974195-5838ef800660551113de2aff99712

More:
https://fbs.com/analytics/articles/gbp-usd-pound-returned-to-cloud-5611

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USD/JPY Daily Analytics
06:38 11.12.2017
Technical levels: support – 112.80; resistance – 113.60.

Trade recommendations:

Sell — 113.50; SL — 113.70; TP1 — 112.80; TP2 — 112.40.
Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen; the prices are under the strong resistance near 113.50/60 and the market is overbought.

1512974196-3dcc4d3b0e9d38341d309e86e7227

More:
https://fbs.com/analytics/articles/usd-jpy-dollar-is-overbought-5612

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NZD/USD Daily Analytics
08:44 11.12.2017
Recommendation:

BUY 0.6910

SL 0.6855

TP 0.7010 TP2 0.7105 TP3 0.7170

On the daily chart, NZD/USD after fourth unsuccessful test of support at 0.6820-0.6825 returned to the upper border of the consolidation 0.6820-0.6910 range. A successful test of resistance at 0.6905-0.6910 will increase the risks of 88.6% target of the junior “Shark” pattern.  

1512981764-fb9be1d9d65d6402746f6573306cf

On H1, the inability of bears to lead the pair outside of the uptrend channel points at their weakness. Another test of resistance at 0.6905-0.9610 will lead the pair up to 161.8% target of the “Crab” pattern.

1512981779-3696dc2326705fd45dfa7b732beb8

More:
https://fbs.com/analytics/articles/nzd-usd-kiwi-prepared-for-takeoff-5616

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EUR/USD Daily Analytics
10:54 11.12.2017

1512989578-d080d659370691e5a11623e0cb848

There's a bullish "Piercing Line", which has been confirmed, so the price is rising. Also, there's no any bearish pattern, which means the price is going to test the nearest resistance. If a pullback from this level happens little later on, there'll be an opportunity to have another decline.

1512989578-914f69ff9691038f8873ab4d1c2e6

We've got a "Tower" pattern, which has been formed at the last low. Considering that there's no any reversal pattern, the market is likely going to continue moving up towards the Moving Averages in the short term.

More:
https://fbs.com/analytics/articles/eur-usd-bullish-piercing-line-5621

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USD/JPY Daily Analytics
10:57 11.12.2017

1512989578-aec57d5847c5e018cb8c930d4eaca

The upper "Window" has acted as resistance, so there's a bearish "Harami" at the last high. Therefore, the pair is likely going to test the 21 Moving Average in the short term. If a pullback from this line happens afterwards, we could have another bullish price movement.

1512989578-bbe7b02dcb303aa2e5e0cfc8c8ec5

We've got a bearish "Harami", which has been confirmed, so the price is declining. The main intraday target is the 55 Moving Average. If a pullback from this line happens little later on, there'll be an opportunity to have an upward price movement towards the last high.

More:
https://fbs.com/analytics/articles/usd-jpy-upper-window-acted-as-resistance-5623

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XAU/USD Daily Analytics
07:41 12.12.2017

Recommendation:

SELL $1266

SL $1281

TP1 $1237 TP2 $1212

On the daily chart, a break of XAU/USD below the lower border of a $1266-1288 consolidation range allowed bears to get out. The target of 78.6% of the Gartley pattern is almost reached. The next one is 200% target of AB=CD. As long as gold is below 1266, sellers retain control of the market.

1513064283-20c6ebb86722ac92f8a505b7903a9

On H1, the exit outside of the descending trend channel with the following test of resistance at $1252 creates grounds for a pullback. It should be used for forming short positions.

1513064322-e12a637cc937326a9c7981d6dfc46

More:
https://fbs.com/analytics/articles/xau-usd-bears-got-out-5646

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USD/CAD Daily Analytics
07:49 12.12.2017

Recommendation:

BUY 1.2885

SL 1.283

TP1 1.2985 TP2 1.313a TP3 1.325

On the daily chart, the inability of bears to hold USD/CAD below the lower border of the uptrend channel points at sellers’ weakness. To restore the uptrend and reach 88.6% target of the “Shark” pattern, bulls need to conquer resistance at 1.2922.

1513064856-1430b06b52ccdf0a9e951da313446

On H1, return to resistance area at 78.6% and 88.6% of the wave 4-5 of the “Widening wedge” means that bulls are in control.

1513064872-5c726ce87bf89e31cdcfbd4c37b26

More:
https://fbs.com/analytics/articles/usd-cad-loonie-showed-wings-5647

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EUR/USD Daily Analytics
12:01 12.12.2017

1513080005-5c82a1908d962f5dd16b7d9a05c98

There's a "V-Bottom" pattern, so the price is consolidating under the 55 Moving Average. The main intraday target is the nearest resistance area at 1.1828 - 1.1847. If a pullback from these levels happens little later on, there'll be an opportunity to have a decline towards the next support at 1.1772 - 1.1756.

1513080005-1affa06da5a94a5101ad5b15ad6a5

The price is consolidating near the 89 Moving Average. Also, there's a "Triple Bottom" pattern, so bulls are likely going to test the nearest resistance at 1.1828 - 1.1847. Meanwhile, if a pullback from this area arrives little later on, we could have a decline in the direction of another support at 1.1772 - 1.1756.

More:
https://fbs.com/analytics/articles/eur-usd-v-bottom-pattern-5651

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GBP/USD Daily Analytics
12:16 12.12.2017

1513080005-d988bd9cadb115694cd1a1f1008b3

We've got a "V-Top", so the price is consolidating. The main intraday target is the closest resistance at 1.3408 - 1.3430. If the price forms a pullback from these levels, there'll be an opportunity to have a downward price movement towards the 89 Moving Average.

1513080005-a674316f29223fcc865be5fca160b

Bears faced with support at 1.3336, which led to the current consolidation. It's likely that the pair is going to test the closest resistance at 1.3408 - 1.3430 in the coming hours. If a pullback from this area happens afterwards, bears will probably try to test the next support at 1.3319 - 1.3278.

More:
https://fbs.com/analytics/articles/gbp-usd-pair-going-to-test-closest-resistance-5652

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EUR/USD Daily Analytics
12:23 12.12.2017

1513081319-dfde316197d2136fbfec9256919b9

The 55 & 89 Moving Averages are acting as resistance, so there's a "Shooting Star" pattern, which has been confirmed. In this case, if a pullback from the 34 MA happens soon, there'll be an opportunity to have another decline.

1513081319-476c27925ff4c1f19dc1ae3c43d2b

There are bearish patterns such a "Doji" and a "Harami", which both have been formed on the 55 Moving Average. So, the market is likely going to decline towards the nearest support area in the short term.

More:
https://fbs.com/analytics/articles/eur-usd-shooting-star-pattern-5653

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USD/JPY Daily Analytics
12:25 12.12.2017

1513081318-ceecb5b20936f68754867532234a1

We've got a bearish "Harami", but confirmation of this pattern is a quite weak. Therefore, the pair is likely going to test the upper "Window", which could be a departure point for a downward correction.

1513081318-dfd119e7e5b29fe8d046dfded88af

The price is still consolidating. The 21 Moving Average is acting as support. It seems like we're going to have a new local high in the coming hours. If any bearish pattern forms afterwards, there'll be a moment to have a decline.

More:
https://fbs.com/analytics/articles/usd-jpy-bearish-harami-5654

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EUR/USD Dailt Analytics
15:34 12.12.2017

1513092790-85c5795b4b0b4b2e1af7acb971b18

There's a possible ending diagonal in wave 5. If correct, we're likely going to have wave [iii] inside this pattern. So, we should keep an eye on +2/8 MM Level as the next bullish target.

1513092790-8d406d8d436578173dd9aa0f630be

We've got an upward impulse, which could be wave i. If so, wave ii is about to end. Therefore, there's an opportunity to have wave iii of (a). The main intraday target is 5/8 MM Levels.

More:
https://fbs.com/analytics/articles/eur-usd-possible-ending-diagonal-5656

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GBP/USD Daily Analytics
01:15 13.12.2017

GBP/USD remains supported by the Fibonacci zone of 65% at 1.3335 and looks forward to test fresh highs across the board. Such level should give up in order to invalidate the bullish scenario and the next target will be the November 28th lows at 1.3220. However, to the upside, if the pair manages to break above December 8th highs, then the next target lies at -23.6% Fibo level at 1.3626.

RSI indicator remains hovering in the positive territory.

1513127656-a826eb853c8d859f5b9d16a5c78c3

More:
https://fbs.com/analytics/articles/gbp-usd-testing-a-key-support-around-65%25-fibo-level-5663

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BITCOIN (BTC/USD) Daily Analytics
01:26 13.12.2017
The optimism for Bitcoin is still latent in the financial markets and is that during the session of December 11, it reached new heights above the barrier of 17,000. Recall that the BTC/USD has been bouncing from the 200-hour moving average and this has helped it gain momentum in the short and medium term.

The resistance of 17,076 continues to be a major obstacle for the bulls and it is possible that news regarding the capitalization of cryptocurrency in the futures market in the United States continues to be the main driver of movements in the short term. During the first day of operations, the BTC remained bullish and above the 17,000 mark.

In a few minutes, the Bitcoin moved about 1,000 against the US dollar, which indicates that there is still caution regarding the interest of this cryptocurrency in the futures market. According to the capitalization shown by CoinMarketCap, the BTC has been showing gains among the top 10 of the main critics worldwide, making a total of $ 456 billion dollars.

What do we expect?

According to our projections on the H1 chart, the Parabolic SAR continues to support the bullish price action in the Bitcoin and it is possible that the rebound made on the 200-hour moving average is enough to reach the next Fibonacci target of -23.6% in 19,114.29. On the downside, we have a strong support in the psychological barrier of 15,000. The RSI remains in positive territory, favoring the bullish scenario for the short term.


1513128334-4d569cef72bb7acd467357c14ba15

More:
https://fbs.com/analytics/articles/bitcoin-btc-usd-favored-by-the-bullish-price-action-5664
 

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GBP/USD Daily Analytics
06:46 13.12.2017
Technical levels: support – 1.3310; resistance – 1.3370.

Trade recommendations:

Buy — 1.3320/30; SL — 1.3300; TP1 — 1.3370; TP2 — 1.3400.
Reason: narrowing bullish Ichimoku Cloud, falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, with falling Tenkan-sen; the prices in a cloudy area on the support of Senkou Span B.

1513147591-5838ef800660551113de2aff99712

More:
https://fbs.com/analytics/articles/gbp-usd-pound-reached-ssb%E2%80%99s-support-5670

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AUD/USD Daily Analytics
06:47 13.12.2017
Technical levels: support – 0.7540; resistance – 0.7580

Trade recommendations:

Sell — 0.7570; SL — 0.7590; TP1 — 0.7540; TP2 — 0.7490.
Reason: bearish Ichimoku Cloud with rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices are under strong resistance of the Cloud.

1513147591-42a68b4bfa2f0515dfbaa054e9dba

More:
https://fbs.com/analytics/articles/aud-usd-aussie-will-test-cloud%E2%80%99s-resistance-5671

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USD/CHF Daily Analytics
07:44 13.12.2017
Recommendation:

BUY 0.9855

SL 0.98

TP1 0.9955 TP2 1.0005 TP3 1.0145

On the daily chart, a break of support at 0.9880-0.9890 will allow bears to develop correction to the lower border of an uptrend channel. On the other hand, a pullback can create grounds for an advance towards 200% target of AB=CD.  

1513150993-a5903a7f3cf43bc4f33886526fd84

On H1, USD/CHF is transforming the inverted “Shark” pattern into 5-0. Usually, a pullback of the pair from 38.2%, 50% and 61.8% of the wave CD is used for opening long positions.

1513151015-351a015a31e5fdb2fee97b43bc66a

More:
https://fbs.com/analytics/articles/usd-chf-franc-approached-a-milestone-5673

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GBP/USD Daily Analytics
07:58 13.12.2017
Recommendation:

BUY 1.3430

SL 1.3375

TP1 1.3530 TP2 1.3585

On the daily chart, GBP/USD is retesting the upper border of the previous consolidation range 1.3040-1.3320. In case of successful break of support at 1.3290-1.3320, bears will have an opportunity to trigger “Shakeout-Fakeout” pattern. To resume the uptrend, bulls need to conquer resistance at 1.3520 and 1.3585.

1513151730-b6b56ed02b1869ac79ae2067aff9c

On H1, GBP/USD has almost reached 78.6% target of the “Gartley” pattern. A pullback of support at 1.3295 with the following return inside the uptrend channel will allow bulls to develop their attack.

1513151747-2cf183d9aa99dd882e50bd88c66a5

More:
https://fbs.com/analytics/articles/gbp-usd-bulls-retreat-but-dont-give-up-5674

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EUR/USD Daily Analytics
09:54 13.12.2017

1513158750-d1fb6193af218d06aa85c9b243160

Bears faced with support at 1.1712, so there's a "V-Bottom", which pushed the price to the nearest resistance at 1.1756. Considering that there was a pullback from the Moving Averages, the market is likely going to test the nearest support at 1.1712 - 1.1695 in the short term.

1513158750-9f8f935d620f6d05c17a9c41a506b

There's a "Double Top", which has been formed under the 34 Moving Average. The main intraday target is the next support at 1.1712 - 1.1695. If a pullback from this area happens little later on, there'll be an opportunity to have an upward price movement towards the nearest resistance at 1.1756 - 1.1772.

More:
https://fbs.com/analytics/articles/eur-usd-double-top-under-34-ma-5677

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