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EUR/USD Daily Analytics
09:45 22.12.2017

1513935821-f0521a00412ac21ebf75964c59b99

There's a "Double Top" pattern, so the price was declining, but the 34 Moving Average acted as support. Therefore, we've got a bullish "Thorn" pattern. In this case, we should keep an eye on the nearest resistance at 1.1902 as an intraday target.

1513935821-87eee803fe8172905a69e587537fd

The 89 Moving Average has acted as support, so there's a "Thorn" pattern. However, a "V-Top" was formed afterwards, so the pair is likely going to test the closest support at 1.1833, which could be a departure point for an upward price movement.

More:
https://fbs.com/analytics/articles/eur-usd-thorn-pattern-5893

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GBP/USD Daily Analytics
09:48 22.12.2017

1513935820-fb6ef4283183f4b8adb7feca560f0

The price is still consolidating along the Moving Averages. The main intraday target is the next resistance at 1.3419 - 1.3445. If a pullback from this area happens little later on, there'll be an opportunity to have a decline towards the closest support at 1.3336 - 1.3319.

1513935820-0576dbf03ff90233188879d95b52c

There's a consolidation, which is taking place between the levels 1.3386 - 1.3369. It's likely that bears are going to achieve the next support at 1.3350. Meanwhile, if a pullback from this level is on the table, we could have another upward price movement in the direction of the nearest resistance at 1.3419 - 1.3430.

More:
https://fbs.com/analytics/articles/gbp-usd-price-is-still-consolidating-5894

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EUR/USD Daily Analytics
09:52 22.12.2017

1513936241-4d2f76a2ddb6e57ce2814a9d50c45

There's a "Tower" pattern, which has been formed on the upper "Window". So, the market is likely going to test the 55 Moving Average line, which could be a departure point for another bullish rally.

1513936241-ecac68d3a353f581726ae4e050178

There are bearish patterns such a "Hanging Man" and a "High Wave", which both have been confirmed. Therefore, the price is likely going to reach the lower "Window" in the coming hours.

More:
https://fbs.com/analytics/articles/eur-usd-tower-pattern-5895

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USD/JPY Daily Analytics
09:54 22.12.2017

1513936241-0203575081c0badef7b6b9fd3afa2

We've got a "Shooting Star", which has been formed at the last local high. In this case, we should keep an eye on the Moving Averages as the next intraday target. If a pullback from these lines happens, there'll be an opportunity to have another upward price movement.

1513936241-09c6cd334853979a1090ec26c5384

The last bearish "High Wave" pattern has been confirmed by the "Three Methods". So, the pair is likely going to test the 144 Moving Average in the short term.

More:
https://fbs.com/analytics/articles/usd-jpy-bearish-high-wave-pattern-5896

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EUR/USD Daily Analytics
15:01 22.12.2017

1513954745-50e7b34d15870039f772eb84a729d

There's a developing ending diagonal in wave 5 on the four-hour chart. It's likely that wave [iii] is going to move on. The main intraday target is +2/8 MM Level.

1513954745-6f084636c6f0b75d1af0a1f7bc6e4

4/8 MM Level acted as support, so wave ii might have been formed. Therefore, we're likely going to have an upward price movement in wave iii of (c) of [iii] in the coming hours.

More:
https://fbs.com/analytics/articles/eur-usd-4-8-mm-level-acted-as-support-5898

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BITCOIN (BTC/USD)
00:19 26.12.2017

The main news in the last days around the cryptocurrencies has been the massive take-profiting action of the Bitcoin after having found resistance around the important psychological level of 19,000. The price has lost about 20% and although it has managed to have a recovery, it seems that the bears want to retake the reins of the pair in the short term.

At the fundamental level, we have observed that more hedge funds have been betting on the BTC and countries are increasingly resigned to accept companies that trade with cryptocurrency. An example of this is Belarus, whose country has taken measures of tax cuts for those companies that are in the cryptocurrency’s trading.

Technically, the BTC/USD has broken a bullish trend line, although it tries to stay above the 200-hour moving average, although the Parabolic SAR still does not show that the bulls have resumed the pair's trend. The price remains below the 50-hour moving average, which could serve as a dynamic resistance.

What do we expect?

Due to the nature of the sustained decline from the psychological mark of the 19,000, we could be ahead of a doubling of a cycle started from that fall to the lows of last week. This is reinforced by the idea that Bitcoin has fractured an uptrend line. If it breaks below the 200-hour moving average, we could see a break in the support level at 11,588 and then go to the Fibonacci extension of 100% at 5,754. On the upside, if the BTC bounces above the 200-hour moving average, the next target would be the 19,000 milestone.

1514247554-f6f1917cd7f94b1941b5c83a26139

More:
https://fbs.com/analytics/articles/bitcoin-btc-usd-could-extend-the-corrective-bias-in-the-short-term-5907

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EUR/GBP
00:21 26.12.2017

EUR/GBP is following a bullish sequence from December 18th lows, at which gained momentum in order to establish a Fibonacci retracement idea across the board. According to the theory, the pair has made a correction of 50% and it made a rebound that could put the focus towards the -23.6% Fibo level at 0.8911. To the downside, if it manages to break below the 200 SMA at H1 chart, the next target should be the December 18th lows at 0.8791.

RSI indicator remains in the positive territory, favoring to the bulls.

1514247640-e40df0baa98a8d8ed93d2446c4d42

More:
https://fbs.com/analytics/articles/eur-gbp-on-its-way-to-consolidate-above-08800-5908

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USD/CAD Daily Analytics
07:19 26.12.2017

Recommendation:

SELL 1.2660

SL 1.2715

TP1 1.2590 TP2 1.2490 TP3 1.2390

On the daily chart, USD/CAD keeps consolidating within a short-term trend. A break of its upper border near 1.2895 will create grounds for reaching 88.6% target of the “Shark” pattern. On the other hand, a decline below support at 1.2670 will increase the risks of the medium-term downtrend’s resumption.

1514272675-1430b06b52ccdf0a9e951da313446

On H1, USD/CAD can trigger a “Widening wedge”. To do this, bears need to settle below 1.2715 and then pull the pair below 1.2660 and 1.2625.

1514272688-5c726ce87bf89e31cdcfbd4c37b26

More:
https://fbs.com/analytics/articles/usd-cad-loonie-wants-to-get-out-5913

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AUD/USD Daily Analytics
07:31 26.12.2017
Recommendation:

BUY 0.7650

SL 0.7595

TP1 0.7750 TP2 0.7810

On the daily chart, AUD/USD reached an interim high at 88.6% of the junior “Shark” pattern. There may be a pullback to the lower border of the uptrend channel. On the other hand, an advance of resistance at 0.7735-0.7750 will increase the odds of continuation towards 0.7765 (113% target of the junior “Shark” pattern) and 0.7810 (50% of the wave CD of the senior “Shark” pattern).

1514273398-1db64c049cc9775b27418fd0e6b08

On H1, AUD/USD formed a “Widening wedge”. Pullbacks to supports at 0.7680 and 0.7650 may be used for buying.

1514273412-ef00342837a633bda01cab6a3fe3e

More:
https://fbs.com/analytics/articles/aud-usd-is-taming-a-shark-5914

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EUR/USD Daily Analytics
09:43 26.12.2017
Technical levels: support – 1.1830; resistance – 1.1900.

Trade recommendations:

Buy — 1.1850; SL — 1.1830; TP1 — 1.1900; TP2 – 1.1930
Reason: narrow bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising Kijun-sen; the prices are corrected to SSB and supported on 1.1830.

1514281397-5974574d0f06c411e972e24d898d2

More:
https://fbs.com/analytics/articles/eur-usd-euro-supported-by-ssb-5917

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GBP/USD Daily Analytics
09:44 26.12.2017
Technical levels: support – 1.3340; resistance – 1.3400.

Trade recommendations:

Sell — 1.3330; SL — 1.3350; TP1 — 1.3270; TP2 — 1.3210.
Buy — 1.3370; SL — 1.3350; TP1 — 1.3470; TP2 — 1.3510.
Reason: narrow bearish Ichimoku Cloud, horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen, with horizontal lines; the prices are returned to negative area and now in consolidation below the Cloud.

1514281397-5838ef800660551113de2aff99712

More:
https://fbs.com/analytics/articles/gbp-usd-pound-returned-to-negative-area-5918

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EUR/USD Daily Analytics
12:31 26.12.2017

1514291426-bd790906f715283a1fc11fd1ae771

There's a "Double Bottom" pattern, which has been formed above the 34 Moving Average. The main intraday target is the next resistance at 1.1901 - 1.1919. If a pullback from this area happens, there'll be an opportunity to have a decline towards the nearest support at 1.1859 - 1.1833.

1514291426-8e9b641c3490ee7ff3fd66d345c04

We've got a "Flag" pattern, so the pair is likely going to test the closest resistance at 1.1914 - 1.1941 in the coming hours. If a pullback from these levels forms little later on, there'll be a moment to have another downward price movement in the direction of the 34 Moving Average.

More:
https://fbs.com/analytics/articles/eur-usd-double-bottom-pattern-5921

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GBP/USD Daily Analytics
12:34 26.12.2017

1514291427-4726953c16b653e8bf7d88d17b7f6

The price is still consolidating along the Moving Averages. Also, there's a "Triangle", so the market is likely going to achieve the closest resistance at 1.3419 - 1.3445. If we have a pullback from this area, bears will probably try to reach the nearest support at 1.3336 - 1.3319.

1514291427-f14e308a792960f8f207bb481a274

There's a consolidation, which is taking place under the Moving Averages. The main intraday target is the next resistance at 1.3417 - 1.3419. Meanwhile, if a pullback from this area happens, there'll be an opportunity to have a decline towards another support at 1.3369 - 1.3350.

More:
https://fbs.com/analytics/articles/gbp-usd-bullish-triangle-5922

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EUR/USD Daily analytics
12:38 26.12.2017

1514291840-9d159f1c4c9ae4a9499ef6f856d44

The upper "Window" has acted as resistance, so the price is consolidating. Also, we've got a "Tower" pattern here. If the 55 Moving Average acts as support, there'll be an opportunity to have another upward price movement.

1514291840-0d27b3bd2c213b06e69c2cdaa8a5f

It's likely to have an "Evening Star". So, the market is likely going to test the 89 Moving Average, which could be a departure point for another upward price movement.

More:
https://fbs.com/analytics/articles/eur-usd-window-acted-as-resistance-5923

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USD/JPY Daily Analytics
12:41 26.12.2017

1514291840-93aa5fdb8194c70e7b1379b34f540

We've got a "Shooting Star", which has been confirmed enough. In this case, we should keep an eye on the 55 Moving Average as the next intraday target.

1514291841-2cef83fcf65f491262c785c922c88

The 34 Moving Average is acting as support. Considering that there's a "Three Methods" pattern, the market is likely going to reach the 144 Moving Average in the coming hours.

More:
https://fbs.com/analytics/articles/usd-jpy-three-methods-pattern-5924

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EUR/USD Daily Analytics
05:04 27.12.2017

1514350956-633b003f182cf7443dba55ce1066b

The price is still trading above 6/8 MM Level, so wave [iii] is likely going to move on. The main intraday target is +2/8 MM Level, which could be a departure point for wave [iv].

1514350956-eb590a6eeaf25f5b5d0f87342225f

4/8 MM Level has acted as support, so there's a leading diagonal in wave [1]. Considering that wave [2] is likely ended, there's an opportunity to have a bullish impulse in wave [3] of iii of (c).

More:
https://fbs.com/analytics/articles/eur-usd-4-8-mm-level-acted-as-support-5935

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XAU/USD Daily Analytics
06:47 27.12.2017
Recommendation:

SELL $1275

SL $1290

TP1 $1245 TP2 $1221

On the daily chart, XAU/USD pulled back after reaching 78.6% target of the “Gartley” pattern. Gold returned inside the previous consolidation range of $1266-1300 an ounce. As a result, the prices formed “Shakeout-Fakeout” pattern. This increases the risks of the rally’s continuation. Many things will depend on gold’s ability to settle above the important level of $1281.

1514357106-3c3c5205e2350e553c87bfb24c322

On H1, as long as XAU/USD is above support at $1275, bulls remain in control of the situation.

1514357148-ccae822ec07d68fa61b1c2713a582

More:
https://fbs.com/analytics/articles/xau-usd-gold-returned-to-the-game-5937

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GBP/USD Daily Analytics
06:56 27.12.2017
Recommendation:

BUY 1.3445

SL 1.3390

TP1 1.3515 TP2 1.3545 TP3 1.384

On the daily chart, GBP/USD changed consolidation range from 1.3045-1.3320 to 1.3320-1.3525. If the pound exits the current corridor, the odds of triggering AB=CD pattern with a target at 127.2% will increase. On the other hand, a break of support at 1.3320 and the pair’s exit from the uptrend channel will allow bears to expect the pound to go to 88.6% of the “Bat” pattern. 

1514357707-b6b56ed02b1869ac79ae2067aff9c

On H1, a successful test of resistance at 1.3445 and 1.3515 will increase the odds of the uptrend’s resumption.

1514357725-2cf183d9aa99dd882e50bd88c66a5

More:
https://fbs.com/analytics/articles/gbp-usd-got-lost-in-corridors-5938

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AUD/USD Daily Analytics
08:11 27.12.2017
Technical levels: support – 0.7680; resistance – 0.7760

Trade recommendations:

Sell — 0.7760; SL — 0.7780; TP1 — 0.7680; TP2 — 0.7630.
Reason: narrowing bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising lines; the prices are entered into the cloudy zone, but there is a strong main resistance on 0.7760.

1514362301-42a68b4bfa2f0515dfbaa054e9dba

More;
https://fbs.com/analytics/articles/aud-usd-aussie-is-under-resistance-5940

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USD/JPY Daily Analytics
08:12 27.12.2017
Technical levels: support – 113.00, 112.80; resistance – 113.60.

Trade recommendations:

Buy — 113.00; SL — 112.80; TP1 — 113.60; TP2 — 114.00.
Reason: narrow bearish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the Bulls can’t breaking out the resistance of upper border of the Cloud and the market may return to 113.00.

1514362301-3dcc4d3b0e9d38341d309e86e7227

More:
https://fbs.com/analytics/articles/usd-jpy-dollar-can%E2%80%99t-breakout-ssa%E2%80%99s-resistance-5941

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