riki143 Posted August 25, 2017 Author Report Share Posted August 25, 2017 EUR/USD: OUTLOOK FOR AUGUST 25 - SEPTEMBER 1 15:48 25.08.2017 EUR/USD kept trading near the benchmark line of 200-week MA (1.1760). The euro continued its consolidation and stayed within a narrower range. ECB President Mario Draghi avoided giving any clues on the European Central Bank’s current thinking in his speech in Germany. According to Draghi, central banks must be open-minded on policy innovations as they prepare for future economic developments. Another speech at Jackson Hole on Friday evening will set the tone for the next trading days. Other comments from the ECB policymakers were hawkish and bullish for the euro. European economic data were mostly bright. Euro zone business growth maintained solid pace in August due to a strong manufacturing PMI, although the region’s services PMI declined. German Ifo business climate surprised to the upside. In the upcoming days, there will be some data releases of medium importance in the euro area. Pay attention to German preliminary CPI on Wednesday and flash consumer inflation figures for the entire euro zone on Thursday: these figures will be crucial for further ECB policy and, consequently, will move the market. EUR/USD remains within the overall uptrend. Only a decline below 1.1650 will mean reversal to the downside. This level will become in focus if the euro slips below 1.1765 and 1.1690. An increase above 1.1845 is needed for the uptrend to continue. In this case, further bullish targets will lie at 1.1900 and 1.2000. More:https://fbs.com/analytics/articles/eur_usd%3a_outlook_for_august_25___september_1_3264 Link to comment Share on other sites More sharing options...
riki143 Posted August 25, 2017 Author Report Share Posted August 25, 2017 GBP/USD: OUTLOOK FOR AUGUST 25 - SEPTEMBER 1 15:52 25.08.2017 GBP/USD made another break to the downside. It fell below the 100-day MA (1.2875) and 1.2850 and hit a near-two-month low. The outlook for the British pound is still clouded by concerns about Brexit risk and economic fundamentals. Data showed revised quarterly growth of 0.3% in the second quarter, while household spending remained weak. The British government is trying to move forward formal Brexit discussions. There was a series of position papers outlining potential compromises over key issues. However, the nation’s future still remains very uncertain. The UK economic calendar will be light. Monday is a summer bank holiday, so trading volumes will decrease. The most important release – manufacturing PMI – will come out on Friday. Technical picture continues to look bearish. The next Fibonacci level of June-August advance is at 1.2735. Below it, support will be at 1.2650 (200-day MA). Pullbacks to the upside will meet resistance at 1.2850 and 1.2930 ahead of 1.3000. More:https://fbs.com/analytics/articles/gbp_usd%3a_outlook_for_august_25___september_1_3265 Link to comment Share on other sites More sharing options...
riki143 Posted August 25, 2017 Author Report Share Posted August 25, 2017 USD/JPY: OUTLOOK FOR AUGUST 25 - SEPTEMBER 1 15:54 25.08.2017 USD/JPY consolidated within the downtrend channel drawn from July highs. The pair has now approached the resistance line of this channel and we are soon to see a breakthrough to the either side. Tokyo CPI for August was encouraging: inflation accelerated from 0.2% to 0.5% y/y. The 2% inflation target is still very far away, but some progress has been made. Next week Japan will release unemployment rates, retail sales, industrial production, consumer confidence and other indicators. Remember though that USD/JPY depends more on the figures out of the United States. 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. The current resistance line at 109.80 is reinforced by the former support and now resistance line connecting April and June lows. Support is at 108.80. A decline below this level is needed to bring the pair down to 108.00 and 107.50. More:https://fbs.com/analytics/articles/usd_jpy%3a_outlook_for_august_25___september_1_3266 Link to comment Share on other sites More sharing options...
riki143 Posted August 28, 2017 Author Report Share Posted August 28, 2017 GBP/USD: BULLS ENTERED INTO CLOUD 09:40 28.08.2017 Technical levels: support – 1.2860; resistance – 1.2940. Trade recommendations: Buy — 1.2890; SL — 1.2870; TP1 — 1.2940; TP2 — 1.2980. Reason: narrowing bearish Ichimoku Cloud with rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen; the Bulls entered into the cloudy area and may go to 3W-highs. More:https://fbs.com/analytics/articles/gbp_usd%3a_bulls_entered_into_cloud_3276 Link to comment Share on other sites More sharing options...
riki143 Posted August 28, 2017 Author Report Share Posted August 28, 2017 AUD/USD: AUSSIE RETURNED TO SSB 09:41 28.08.2017 Technical levels: support – 0.7920; resistance – 0.7950, 0.7990. Trade recommendations: Buy — 0.7940; SL — 0.7920; TP1 — 0.7990; TP3 — 0.8020. Reason: narrow bearish Ichimoku Cloud, rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen; the prices are returned to SSB and breakout its resistance; expected continue of the uptrend. More:https://fbs.com/analytics/articles/aud_usd%3a_aussie_returned_to_ssb_3277[/IMG] More: https://fbs.com/analytics/articles/aud_usd%3a_aussie_returned_to_ssb_3277 Link to comment Share on other sites More sharing options...
riki143 Posted August 28, 2017 Author Report Share Posted August 28, 2017 NZD/USD: BULLS ARE IN STRATEGIC RETREAT 10:16 28.08.2017 Recommendation: BUY 0.7335 SL 0.727 TP1 0.7425 TP2 0.7485 TP3 0.756 On the daily chart, NZD/USD keeps forming a 5-0 pattern. To restore the uptrend, bulls need to conquer resistances at 0.7278, 0.7335 and 0.7386. A pullback to 50% of the wave CD allowed 5-0 to finally form. On H1, there are “Wolfe waves” and a “Shark” patterns. A break of resistance at 0.7335 will be a signal for opening long positions. As the target, one can use 113% of the wave XC. MoreD:https://fbs.com/analytics/articles/nzd_usd%3a_bulls_are_in_strategic_retreat___3279 Link to comment Share on other sites More sharing options...
riki143 Posted August 28, 2017 Author Report Share Posted August 28, 2017 AUD/USD IS BECOMING STALE ON A LEDGE 10:38 28.08.2017 Recommendation: BUY 0.796 SL 0.7905 TP1 0.802 TP2 0.807 On the daily chart, AUD/USD bulls are trying to resume the uptrend. For that they have to conquer resistance at 0.7960 and return the pair to the short-term rising channel. In such circumstances, advance to 200% target of AB=CD has all chances to continue. On H1, AUD/USD keeps forming corrective pattern “Spike and ledge” on the basis of 1-2-3. A break of resistance at 0.7960 will increase the odds of reaching 88.6% and 113% targets of the Shark. More:https://fbs.com/analytics/articles/aud_usd_is_becoming_stale_on_a_ledge__3281 Link to comment Share on other sites More sharing options...
riki143 Posted August 28, 2017 Author Report Share Posted August 28, 2017 EUR/USD: "V-TOP" PATTERN 11:16 28.08.2017 The last "Pennant" has been broken, so bulls pushed the price higher. Also, we've got a "V-Top" pattern, so the price is consolidating. In this case, the market is likely going to test the nearest support at 1.1892 - 1.1875. If a pullback from these levels happens, there'll be an opportunity to have another bullish price movement. There's a "V-Top" pattern, which has been confirmed. However, bulls are likely going to test the last local high during the day. If we have a pullback from this level, bears will probably try to achieve the closest support at 1.1892 - 1.1875. More:https://fbs.com/analytics/articles/eur_usd%3a_%22v_top%22_pattern_3286 Link to comment Share on other sites More sharing options...
riki143 Posted August 28, 2017 Author Report Share Posted August 28, 2017 GBP/USD: "EXHAUSTION GAP" 11:17 28.08.2017 The 55 Moving Average has acted as resistance, so we've got a "V-Top" pattern on this line. Therefore, bears are likely going to test the nearest support at 1.2853 - 1.2831 in the short term. If a pullback from this area happens, bulls will have a green light to reach the 89 MA. There's an "Exhaustion Gap", so we've got a "V-Top" pattern, which led to a decline. However, the last high is likely going to be tested during the day. Meanwhile, we should keep an eye on the next support at 1.2853 - 1.2848 as an intraday target. More:https://fbs.com/analytics/articles/gbp_usd%3a_%22exhaustion_gap%22_3287 Link to comment Share on other sites More sharing options...
riki143 Posted August 28, 2017 Author Report Share Posted August 28, 2017 EUR/USD: TRIANGLE IN WAVE [IV] 13:13 28.08.2017 There's a triangle in wave [iv], so there's a new local high. It seems like wave [v] of 3 is going to be continued. So, if +2/8 MM Level turns out to be broken, we're going to have an updated MM Levels graphing. Wave [iv] has been ended on 1/8 MM Level, so we've got an upward impulse in wave (i). In this case, we could have wave (ii) in the coming hours. If a pullback from 3/8 MM Level happens littel later on, there'll be an opportunity to have wave (iii) of [v]. More:https://fbs.com/analytics/articles/eur_usd%3a_triangle_in_wave_%5biv%5d_3294 Link to comment Share on other sites More sharing options...
riki143 Posted August 28, 2017 Author Report Share Posted August 28, 2017 USD/JPY: "TOWER" PUSHED THE PRICE LOWER 13:41 28.08.2017 The last "Tower" pattern pushed the price lower. It seems like we're going to have a local correction in the short term. Nevertheless, bears are likely going to reach the lower "Window" afterwards. There's a "High Wave" pattern at the last high. However, bulls are likely going to test the 89 Moving Average. If we have a pullback from this line, there'll be an opportunity to have just another decline. More:https://fbs.com/analytics/articles/usd_jpy%3a_%22tower%22_pushed_the_price_lower_3298 Link to comment Share on other sites More sharing options...
riki143 Posted August 28, 2017 Author Report Share Posted August 28, 2017 EUR/USD: 34 & 55 MAS ACTED AS SUPPORT 13:44 28.08.2017 The 34 & 55 Moving Averages have acted as support, so we've got bullish patterns such a "Harami" and a "Hammer", which both were confirmed. Also, there's a bearish "High Wave", so we could have a local downward correction. Anyway, bulls are likely going to test the nearest resistance area afterwards. The last "Shooting Star" led to the current bearish correction. However, we've got a bullish "Harami", so we're likely going to have a new local high soon. Meanwhile, if any reversal pattern arrives later on, there'll be an opportunity to have a downward correction. More:https://fbs.com/analytics/articles/eur_usd%3a_34___55_mas_acted_as_support_3299 Link to comment Share on other sites More sharing options...
riki143 Posted August 29, 2017 Author Report Share Posted August 29, 2017 EUR/USD: EURO REACHED NEW HIGHS 08:46 29.08.2017 Technical levels: support – 1.1930, 1.1880; resistance – 1.2080. Trade recommendations: Buy — 1.1930; SL — 1.1910; TP1 — 1.2020; TP2 – 1.2070. Reason: bullish Ichimoku Cloud with rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with rising lines; the prices are on the new highs for last three years. More:https://fbs.com/analytics/articles/eur_usd%3a_euro_reached_new_highs_3312 Link to comment Share on other sites More sharing options...
riki143 Posted August 29, 2017 Author Report Share Posted August 29, 2017 USD/JPY: DOLLAR ON MAIN SUPPORT 08:47 29.08.2017 Technical levels: support – 108.60; resistance – 109.10. Trade recommendations: Sell — 109. 10; SL — 109.30; TP1 — 109.00; TP2 — 108.50. Reason: expanding bearish Ichimoku Cloud with falling Senkou Span B; a cancelled golden cross of Tenkan-sen and Kijun-sen and the falling lines; the Bears made a new lows, but the market is on the strong daily’s support. More:https://fbs.com/analytics/articles/usd_jpy%3a_dollar_on_main_support_3313 Link to comment Share on other sites More sharing options...
riki143 Posted August 29, 2017 Author Report Share Posted August 29, 2017 GOLD APPROACHED A MILESTONE 10:38 29.08.2017 Recommendation: BUY 1295.50 SL 1285 TP2 1325 TP2 1380 On the daily chart, XAU/USD reached 78.6% target of the inverted Gartley pattern and 78.6% of the last long-term descending wave. As a result, the risks of a pullback have increased. On the other hand, if the bulls manage to overcome the resistance at $1321-1325 an ounce, increase towards the target at 200% of the AB=CD pattern will likely continue. On H1, there’s a “Spike and reversal with acceleration” pattern. XAU/USD is now at the spike stage. To change the trend, bears need to move the prices below $1285. More:https://fbs.com/analytics/articles/gold_approached_a_milestone_3315 Link to comment Share on other sites More sharing options...
riki143 Posted August 29, 2017 Author Report Share Posted August 29, 2017 USD/CAD: BEARS WANT MORE 10:50 29.08.2017 Recommendations: SELL 1.2450 SL 1.2505 TP 1.2300 TP2 1.2050 SELL 1.2595 SL 1.2650 TP1 1.2495 TP2 1.2300 On the daily chart, USD/CAD approached multiyear minimum. If it goes below it, AB=CD with 200% target will be triggered. We can’t doubt in the force of the downtrend, so there’s sense to use the pullbacks for selling. On H1, to resume the downtrend bears need to go below 1.2450. A signal for selling will be bulls’ inability to overcome 1.2595. More:https://fbs.com/analytics/articles/usd_cad%3a_bears_want_more_3316 Link to comment Share on other sites More sharing options...
riki143 Posted August 29, 2017 Author Report Share Posted August 29, 2017 EUR/USD: BULLS WENT THROUGH RESISTANCE 12:25 29.08.2017 Bulls went through resistance at 1.1975 - 1.2003, but the price faced with another resistance at 1.2042. Anyway, the market is likely going to continue moving up, so we should keep an eye on the next resistance at 1.2080 - 1.2123 as a bullish target. If a pullback from this area happens, there'll be an opportunity to have a bearish correction. There's resistance at 1.2042, so the market is likely going to test the nearest support at 1.2003. Meanwhile, if a pullback from this level happens, bulls will have a green light to catch another resistance at 1.2042 - 1.2080. More:https://fbs.com/analytics/articles/eur_usd%3a_bulls_went_through_resistance_3324 Link to comment Share on other sites More sharing options...
riki143 Posted August 29, 2017 Author Report Share Posted August 29, 2017 GBP/USD: BULLISH "FLAG" 12:28 29.08.2017 All the Moving Averages have been broken, so bulls faced resistance at 1.2958. Nevertheless, the price is likely going to continue rising, so we should keep an eye on the next resistance at 1.2989 - 1.3021 as the next bullish target. The last bullish "Flag" has been broken, so the price is rising. However, bulls faced with resistance at 1.2958, so the market is likely going to test the closest support at 1.2943, which could be a departure point for another bullish rally. More:https://fbs.com/analytics/articles/gbp_usd%3a_bullish_%22flag%22_3325 Link to comment Share on other sites More sharing options...
riki143 Posted August 29, 2017 Author Report Share Posted August 29, 2017 EUR/USD: DEVELOPING BULLISH IMPULSE 13:35 29.08.2017 The price is still rising, cause there's a triangle in wave [iv], so we've got a developing bullish impulse. The main target for wave [v] of 3 is 8/8 MM Level, which could be a departure point for a bearish correction. As we can see on the one-hour chart, the price is forming an extension in wave (iii) of [v]. 7/8 MM Level is likely going to act as resistance. If so, we could have wave (iv) pretty soon. Nevertheless, bulls are going to deliver wave (v) of [v] afterwards. More:https://fbs.com/analytics/articles/eur_usd%3a_developing_bullish_impulse_3332 Link to comment Share on other sites More sharing options...
riki143 Posted August 29, 2017 Author Report Share Posted August 29, 2017 USD/JPY: BULLISH "HAMMER" 14:46 29.08.2017 The price reached the lower "Window", so we could have any reversal pattern soon. If so, bulls are likely going to test the 21 Moving Average. However, if a pullback from this line happens, we could have the market even lower. There's a bullish "Hammer", but confirmation of this pattern is quite weak. In this case, the 55 Moving Average is likely going to act as resistance in the coming hours. More:https://fbs.com/analytics/articles/usd_jpy%3a_bullish_%22hammer%22_3335 Link to comment Share on other sites More sharing options...
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