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BITCOIN (BTC/USD]
22:01 02.01.2018
Cryptocurrency continues to move in a lateral range around the 200-hour moving average and continues to be further depressed by the bearish price action, given that there are no new higher-level patterns across the board. The Parabolic SAR continues to favor an upward recovery in the short term, although it may be invalidated by a different price action.

The 11.588 support remains active and we may see rebounds around that area. The fundamental news continues to be the main catalyst for price movements in Bitcoin, as it is an asset that is very susceptible to the headlines that appear in the press regarding the regulation of the BTC in the global financial markets or the uncertainties generated by the geopolitical tensions.

What do we expect?

According to our projections in the H1 chart, the BTC/USD pair keeps pointing to levels below the important psychological barrier of 10,000 in the short term. Once the Bitcoin breaks below 10.680, we could point to the pair falling to the Fibonacci level of -23.6% at 8.507. The RSI remains in positive territory, favoring recoveries in the short term.

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More:
https://fbs.com/analytics/articles/bitcoin-btc-usd-with-a-strong-support-around-11588-6018

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USD/CHF
22:04 02.01.2018
USD/CHF remains weak across the board and stays strong with a bearish consolidation below the 200 SMA at H1 chart. The 50 SMA is also helping to guide further declines in the pair, but we’re now expecting a strong support to be found in the 0.9700 level. Such level should help to activate take profit orders that would allow a corrective move towards the 50% Fibo level at 0.9807. If the pair manages to pull back around that area, the next target should be the -23.6% zone at 0.9648.

RSI indicator remains strong in the oversold territory.

1514930603-cced2a331cb42aa7ce9be6384e644

More:
https://fbs.com/analytics/articles/usd-chf-time-to-correct-6019

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GBP/USD Daily Analytics
12:01 04.01.2018

1515067044-7e6892d839451f818a4c645b148d9

The main trend is still bullish, so we should keep an eye on the nearest resistance at 1.3595 - 1.3618 as the next intraday target. If a pullback from this area happens little later on, there'll be a moment to have a decline towards the closest support at 1.3419 - 1.3465.

1515067044-14bea1979b605b9b39d2915381f2e

The 55 Moving Average has acted as support, so there's a "Triple Bottom" pattern. In this case, bulls are likely going to test the next resistance at 1.3595 - 1.3612. Meanwhile, if a pullback from this area is on the table, bears will probably try to achieve the nearest support at 1.3537 - 1.3519.

More:
https://fbs.com/analytics/articles/gbp-usd-triple-bottom-pattern-6038

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EUR/USD Daily Analytics
12:04 04.01.2018

1515067044-294152ec97cda572508eae67d0aed

Bulls faced with resistance at 1.2091, so the price is consolidating. Nevertheless, the pair is likely going to continue moving up towards the next resistance at 1.2080 - 1.2129. If a pullback from this area happens, there'll be an opportunity to have a bearish correction in the direction of the nearest support at 1.2003 - 1.1975.

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The price is consolidating above the Moving Averages. The main intraday target is the closest resistance area at 1.2080 - 1.2129. These levels could be a departure point for a decline towards the nearest support at 1.2003.

More:
https://fbs.com/analytics/articles/eur-usd-pair-going-to-test-next-resistance-6039

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EUR/USD Daily Analytics
06:16 05.01.2018
Technical levels: support – 1.2040; resistance – 1.2070, 1.2230.

Trade recommendations:

Buy — 1.2040; SL — 1.2020; TP1 — 1.2160; TP2 — 1.2230
Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; a market is overbought.

1515132979-5974574d0f06c411e972e24d898d2

More:
https://fbs.com/analytics/articles/eur-usd-bulls-looks-forward-6056

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GBP/USD Daily Analytics
06:17 05.01.2018
Technical levels: support – 1.3535; resistance – 1.3590.

Trade recommendations:

Buy — 1.3540; SL — 1.3420; TP1 — 1.3590; TP2 — 1.3650.
Reason: bullish Ichimoku Cloud, horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, with horizontal lines; a market is overbought, but the prices are on the support of Tenkan and Kijun.

1515132979-5838ef800660551113de2aff99712

More:
https://fbs.com/analytics/articles/gbp-usd-pound-bounced-from-kijun-6057

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GBP/USD Daily Analytics
06:17 05.01.2018
Technical levels: support – 1.3535; resistance – 1.3590.

Trade recommendations:

Buy — 1.3540; SL — 1.3420; TP1 — 1.3590; TP2 — 1.3650.
Reason: bullish Ichimoku Cloud, horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, with horizontal lines; a market is overbought, but the prices are on the support of Tenkan and Kijun.

1515132979-5838ef800660551113de2aff99712

More:
https://fbs.com/analytics/articles/gbp-usd-pound-bounced-from-kijun-6057

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EUR/USD: "THREE METHODS" ACTED AS SUPPORT
12:55 05.01.2018

1515156820-cc3d045a3d08b84362566016e9a73

The last "Three Methods" pattern acted as support, so the price is consolidating. It's likely that the market is going to continue moving up until any bearish pattern arrives.

1515156820-d5ad0080422841a4f08d0530e94c2

There's a "Piercing Line", which has been formed on the 34 Moving Average. However, confirmation of this pattern is a quite weak. Therefore, the pair is likely going to test the 55 MA, which could be a departure point for another upward price movement.


More:
https://fbs.com/analytics/articles/eur-usd-three-methods-acted-as-support-6061

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USD/JPY Daily Analytics
12:59 05.01.2018

1515156820-56873e7203a42d0554240e56bbb51

There's a bullish "Three Methods" pattern, which pushed the price higher. Considering that there's no any reversal pattern so far, the market is likely going to test the upper "Window" in the short term.

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We've got a "Shooting Star", which hasn't been confirmed yet. So, there's an opportunity to have a downward correction in the coming hours. Nevertheless, bulls are likely going to reach the upper "Window" afterwards.

More:
https://fbs.com/analytics/articles/usd-jpy-shooting-star-pattern-6062

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[BITCOIN (BTC/USD)[/B]
23:15 07.01.2018

All focuses are now placed on the Bitcoin bulls, as the asset has been moving in an uptrend from the lows of December 30 and according to the graph H1, cryptocurrency is consolidating above the 200-hour moving average. In the short term, the BTC/USD pair finds resistance at the 17.161.30 level and this helps curb the gains.

In the latest news concerning cryptocurrency, according to the coindesk.com website, the Visa debit card provider is deleting these cards in the European continent, in addition to being told to stop providing services related to Bitcoin. In addition, the Indian stock exchange is looking for answers about the tax responsibilities of operating Bitcoin in the country.

Despite this news, the BTC continues to move in a bullish tone, although it is currently consolidating below the 50-hour moving average, after having formed a double top around the aforementioned resistance. It is necessary to remember that cryptocurrency has made a successful rebound on the 200-hour moving average.

What do we expect?

According to our forecasts in the short term, based on the H1 chart, the Bitcoin is following a bearish tone guided by the Parabolic SAR, which remains in favor of the path of the bears. There are still chances that the cryptocurrency will resume the bearish bias and will test the lows of December 30. However, if the bulls gain momentum in the next few hours, the next target would be at the Fibonacci level of 78.6% at 17,916.70.

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More:
https://fbs.com/analytics/articles/bitcoin-btc-usd-forming-a-possible-double-top-pattern-around-17k-6078

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EUR/USD
23:16 07.01.2018
Bulls are still strong across the board in the EUR/USD pair, consolidating gains above the 1.2000 milestone. So far, there is a corrective move in place that points to break the Fibonacci level of 23.6% at 1.2015, which should give up in order to plummet towards a demand zone established between the 1.1931 and 1.1884 level. Around that area, the next path to follow would be the bullish one, which should target the -23.6% Fibo zone at 1.2163.

RSI indicator remains in the negative territory.

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More:
https://fbs.com/analytics/articles/eur-usd-on-the-way-to-test-the-12160-6079

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NZD/USD DAily Aalytics
06:28 08.01.2018

Recommendation:

SELL 0.7075

SL 0.7130

TP 0.6965

On the daily NZD/USD chart, buyers managed to return the pair to the long-term uptrend channel. This creates grounds for the bullish trend’s resumption. In addition, reaching of 88.6% target increases the risks of the transformation of the “Shark” pattern into 5-0.

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On H1, bulls took the initiative after NZD/USD formed a “Triangle”. A decline below the previous consolidation range of 0.7075-0.7125 will create grounds for a deep correction.

1515392789-3696dc2326705fd45dfa7b732beb8

More:
https://fbs.com/analytics/articles/nzd-usd-kiwi-has-a-vertigo-6083

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AUD/USD Daily Analytics
06:35 08.01.2018
Recommendation:

SELL 0.7810 SL 0.7865 TP1 0.7735 TP2 0.768

BUY 0.7900 SL 0.7845 TP1 0.7990 TP2 0.8050 TP3 0.8120

On the daily chart, AUD/USD bulls want to resume the uptrend. To do it, they need to conquer resistance at 0.7885-0.7895. On the other hand, the inability of buyers to push the pair above support at 0.7810 will increase the odds of triggering 5-0 pattern.

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On H1, bulls took the initiative after AUD/USD formed a “Widening wedge”. At the same time, a decline below 0.7812 will create grounds for correction.

1515393216-ef00342837a633bda01cab6a3fe3e

More:
https://fbs.com/analytics/articles/aud-usd-will-aussie-make-a-stop-6084

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EUR/USD Daily Analytics
07:33 08.01.2018
Technical levels: support – 1.1980; resistance – 1.2060.

Trade recommendations:

Buy — 1.1980; SL — 1.1960; TP1 — 1.2060; TP2 – 1.2100.
Reason: expanding bullish Ichimoku Cloud, rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-se, but narrowing channel of Tenkan-Kijun; the market breakdown the support of Kijun and will test the Cloud’s support.

1515396801-5974574d0f06c411e972e24d898d2

More:
https://fbs.com/analytics/articles/eur-usd-euro-will-return-to-cloud-6088

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GBP/USD Daily Analytics
07:34 08.01.2018
Technical levels: support – 1.3530; resistance – 1.3590.

Trade recommendations:

Buy — 1.3530; SL — 1.3510; TP1 — 1.3590; TP2 — 1.3630.
Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; a cancelled dead cross of Tenkan-sen and Kijun-sen; the market on the support of Tenkan-sen and Kijun-sen, but it needs correction to Cloud.

1515396801-5838ef800660551113de2aff99712

More:
https://fbs.com/analytics/articles/gbp-usd-bulls-can%E2%80%99t-maintain-uptrend-6089

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EUR/USD Daily Analytics
10:06 08.01.2018

1515405910-684a347eeecd09274aa8077cf73f3

Bulls faced with resistance at 1.2091, so the price is consolidating. Also, there's a "Double Top" pattern, which has been confirmed. So, the pair is likely going to test the nearest support area at 1.1939 - 1.1934. Meanwhile, if a pullback from these levels happens little later on, there'll be an opportunity to have an upward price movement towards the next resistance at 1.2080 - 1.2129.

1515405910-51ce7009fceb8bd9568af5ce2d75c

The 89 Moving Average is acting as support, but the market is likely going to test the next support at 1.1941. If we have a pullback from this level, bulls will probably try to reach another resistance at 1.2059 - 1.2080.

More:
https://fbs.com/analytics/articles/eur-usd-price-going-to-test-next-support-6091

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GBP/USD Daily Analytics
10:09 08.01.2018

1515405910-42dc200aa7a1660fee56f35184bc2

The main trend is still bullish, but the price is consolidating near the 34 Moving Average. Also, there's a bearish "Flag", so the market is likely going to test the closest support at 1.3465. However, if a pullback from this level happens, we could have a bullish price movement towards the next resistance at 1.3595 - 1.3618.

1515405911-68e6639ae735b54837b0d2c064729

We've got a bearish "Flag" on the one-hour chart. In this case, the pair is likely going to reach the nearest support at 1.3484 - 1.3465 in the coming hours. This area could be a departure point for an upward price movement in the direction of another resistance at 1.3595 - 1.3612.

More:
https://fbs.com/analytics/articles/gbp-usd-bearish-flag-pattern-6092

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EUR/USD Daily Analytics
06:11 09.01.2018

1515478204-29252818f1f094470fbf9dcf5498c

There's a pullback from 3/8 MM Level, so wave [iii] might have been formed. Therefore, we could have wave [iv] in the short term inside a possible ending diagonal.

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The price has been declining since a pullback from 6/8 MM Level happened. It seems like wave iv ended, so there's an opportunity to have bearish wave v of (a) pretty soon.

More:
https://fbs.com/analytics/articles/eur-usd-pullback-from-3-8-mm-level-6122

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XAU/USD Daily Analytics
06:49 09.01.2018
Recommendation:

BUY $1323 SL $1308 TP1 $1353 TP2 $1380

SELL $1314 SL $1329 TP $1284 TP2 $1266 TP3 $1237

On the daily chart, bulls managed to return XAU/USD to the uptrend channel. After that the pair formed a “Shakeout-Fakeout” pattern. This increases the risks of the bullish trend’s resumption. To begin with, buyers need to conquer resistance at $1321 an ounce. Their inability to do it will point at their weakness.

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On H1, XAU/USD formed a “Spike and ledge” on the base of 1-2-3.

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More:
https://fbs.com/analytics/articles/xau-usd-bulls-got-carried-away-with-their-attack-6125

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USD/CAD Daily Analytics
06:58 09.01.2018
Recommendation:

BUY 1.2445 SL 1.239 TP1 1.2545 TP2 1.267

SELL 1.2375 SL 1.242 TP1 1.2275 TP2 1.21

On the daily chart, USD/CAD bears managed to lead the pair outside of consolidation range of 1.2670-1.2895. This increases the risks of the downtrend’s resumption. In the short-term traders can use the inside bar. 

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On H1, USD/CAD after playing out the “Widening wedge”. The pair formed a short-term consolidation range at 1.2375-1.2445. It would be wise to use breakout strategies.

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More:
https://fbs.com/analytics/articles/usd-cad-loonie-was-stopped-by-an-inside-bar-6126

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