riki143 Posted January 9, 2018 Author Share Posted January 9, 2018 AUD/USD Daily Analytics 07:24 09.01.2018 Technical levels: support – 0.7830; resistance – 0.7880 Trade recommendations: Sell — 0.7880; SL — 0.7900; TP1 — 0.7830; TP2 — 0.7780. Reason: bullish Ichimoku Cloud with horizontal Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, but the narrowing channel of Tenkan-Kijun; the market is under strong main resistance of 0.7880. More:https://fbs.com/analytics/articles/aud-usd-aussie-under-strong-resistance-6128 Link to comment Share on other sites More sharing options...
riki143 Posted January 9, 2018 Author Share Posted January 9, 2018 USD/JPY: DOLLAR RETURNED TO CLOUD 07:25 09.01.2018 Technical levels: support – 112.50; resistance – 113.00 Trade recommendations: Buy — 113.10; SL — 112.90; TP1 — 113.80; TP2 — 114.50. Sell — 112.60; SL — 112.80; TP1 — 112.00; TP2 — 111.00. Reason: bearish Ichimoku Cloud with horizontal Senkou Span Aand B; a golden cross of Tenkan-sen and Kijun-sen, but narrowing channel of Tenkan-Kijun; the prices returned to support of the Cloud. More:https://fbs.com/analytics/articles/usd-jpy-dollar-returned-to-cloud-6129 Link to comment Share on other sites More sharing options...
riki143 Posted January 10, 2018 Author Share Posted January 10, 2018 GBP/USD Daily Analytics 00:02 10.01.2018 The main trend is still bullish, but the price is consolidating near the 34 Moving Average. It's likely that the market is going to test the nearest resistance at 1.3569 - 1.3505. This area could be a departure point for a decline in the direction of another support at 1.3519 - 1.3493. The price is consolidating between the Moving Averages. The main intraday target is the nearest resistance at 1.3549 - 1.3569. However, if a pullback from this area forms little later on, there'll be a moment to have a downward price movement towards the next support at 1.3519 - 1.3493. More:https://fbs.com/analytics/articles/gbp-usd-main-trend-is-still-bullish-6142 Link to comment Share on other sites More sharing options...
riki143 Posted January 10, 2018 Author Share Posted January 10, 2018 EUR/USD Daily Analytics 00:05 10.01.2018 The price is testing the 55 Moving Average, which could act as support. If so, the market is likely going to reach the nearest resistance area at 1.1934 - 1.1938. Meanwhile, if a pullback from these levels happens little later on, there'll be an opportunity to have another decline towards the next support at 1.1884 - 1.1875. Bears faced with support at 1.1941 - 1.1914, so the price is consolidating. The main intraday target is the 34 Moving Average. If we have a pullback from this line, bears are likely going to reach the closest support at 1.1890 - 1.1871. More:https://fbs.com/analytics/articles/eur-usd-price-testing-55-moving-average-6141 Link to comment Share on other sites More sharing options...
riki143 Posted January 10, 2018 Author Share Posted January 10, 2018 USD/JPY Daily Aalytics 00:07 10.01.2018 There's a "High Wave" on the lower "Window", but this pattern hasn't been confirmed yet. In this case, the market is likely going to test the nearest Moving Averages in the coming hours. The last bullish "Harami" pattern has been confirmed, so bulls are likely going to test the upper "Window" and all the Moving Averages in the short term. If a pullback from these levels arrives afterwards, there'll be an opportunity to have another decline. More:https://fbs.com/analytics/articles/usd-jpy-high-wave-on-lower-window-6143 Link to comment Share on other sites More sharing options...
riki143 Posted January 10, 2018 Author Share Posted January 10, 2018 EURUSD Daily Analytics 00:10 10.01.2018 There's a "Doji", which has been formed on the 55 Moving Average. However, confirmation of this pattern is a quite weak, so we're likely going to have a local correction towards the nearest resistance, which could be a departure point for another decline. We've got an "Inverted Hammer" and a "Tweezers" patterns, so the market is likely going to test the 89 Moving Average. If this line acts as resistance, bears will probably try to deliver a new local low. More:https://fbs.com/analytics/articles/eurusd-doji-on-the-55-moving-average-6144 Link to comment Share on other sites More sharing options...
riki143 Posted January 10, 2018 Author Share Posted January 10, 2018 EURUSD Daily Analytics 06:31 10.01.2018 The current decline could be wave [iv] inside a possible ending diagonal pattern. If correct, we're likely going to have wave [v] of 5 in the short term. It seems like a bearish impulse in wave (a) ended, so there's an opportunity to have wave (b) in the coming hours. Nevertheless, bears are likely going to deliver wave (c) of [iv] little later on. More:https://fbs.com/analytics/articles/eurusd-bearish-impulse-in-wave-a-ended-6148 Link to comment Share on other sites More sharing options...
riki143 Posted January 10, 2018 Author Share Posted January 10, 2018 USD/CHF Daily Analytics 07:00 10.01.2018 Recommendation: BUY 0.9915 SL 0.986 TP 1.0015 TP2 1.0045 TP3 1.026 On the daily chart, USD/CHF bears failed to form a “Triangle” pattern and return the pair inside the long-term downtrend. If bulls manage to move the pair towards resistance at 0.9915 and conquer it, the risks of reaching 161.8% of the AB=CD pattern will increase. On H1, the return of USD/CHF to the previous consolidation range of 0.9840-0.9915 and formation of the patterns “Crab” and “Shakeout-Fakeout” means that bulls have the initiative. More:https://fbs.com/analytics/articles/usd-chf-bulls-counterattack-6151 Link to comment Share on other sites More sharing options...
riki143 Posted January 10, 2018 Author Share Posted January 10, 2018 EUR/USD Daily Analytics 07:14 10.01.2018 Technical levels: support – 1.1900; resistance – 1.2000. Trade recommendations: Buy — 1.1900; SL — 1.1880; TP1 — 1.2000; TP2 – 1.2060. Reason: narrowing bullish Ichimoku Cloud, falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen; the prices are on the strong support of Senkou Span B. More:https://fbs.com/analytics/articles/eur-usd-euro-is-on-main-support-6152 More:https://fbs.com/analytics/articles/eur-usd-euro-is-on-main-support-6152 Link to comment Share on other sites More sharing options...
riki143 Posted January 10, 2018 Author Share Posted January 10, 2018 USD/JPY Daily Analytics 07:15 10.01.2018 Technical levels: support – 112.00; resistance – 112.50 Trade recommendations: Sell — 112.30; SL — 112.50; TP1 — 111.00; TP2 — 110.50. Reason: bearish Ichimoku Cloud with falling Senkou Span A and B; a new dead cross of Tenkan-sen and Kijun-sen with falling lines; the prices returned into a negative area under the Cloud. More:https://fbs.com/analytics/articles/usd-jpy-dollar-went-into-negative-area-6153 Link to comment Share on other sites More sharing options...
riki143 Posted January 10, 2018 Author Share Posted January 10, 2018 GBP/USD Daily Analytics 07:16 10.01.2018 Recommendations: BUY 1.3580 SL 1.3525 TP1 1.368 TP2 1.381 SELL 1.3510 SL 1.3565 TP1 1.341 TP2 1.332 On the daily chart, there’s a short-term consolidation of GBP/USD in the 1.3490-1.3580 range. Bears are trying to return the pair inside the descending trend channel. Bulls count on continuation towards 127.2% target of AB=CD. On H1, there’s a “Spike and ledge” pattern. The borders of the ledge are close to 1.3510 and 1.3580. A successful test of the upper level will lead to the uptrend’s resumption. A break of the lower border will increase the risks of a pullback. More:https://fbs.com/analytics/articles/gbp-usd-pound-is-on-the-shelf-6154 Link to comment Share on other sites More sharing options...
riki143 Posted January 11, 2018 Author Share Posted January 11, 2018 GBP/USD Daily Analytics 07:29 11.01.2018 Technical levels: support – 1.3460; resistance – 1.3530. Trade recommendations: Buy — 1.3460; SL — 1.3420; TP1 — 1.3530; TP2 — 1.3580. Reason: narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen; the market entered into cloudy area and will test the support of Senkou Span B. More:https://fbs.com/analytics/articles/gbp-usd-pound-will-test-ssb%E2%80%99s-support-6173 Link to comment Share on other sites More sharing options...
riki143 Posted January 11, 2018 Author Share Posted January 11, 2018 AUD/USD Daily Analytics 07:30 11.01.2018 Technical levels: support – 0.7840; resistance – 0.7900 Trade recommendations: Buy — 0.7840/50; SL — 0.7820; TP1 — 0.7900. Sell — 0.7900; SL — 0.7920; TP1 — 0.7800; TP2 — 0.7760. Reason: bullish Ichimoku Cloud with horizontal Senkou Span A and rising Senkou Span B; a cancelled dead cross of Tenkan-sen and Kijun-sen and horizontal lines; the market is under strong resistance of 0.7900. More:https://fbs.com/analytics/articles/aud-usd-aussie-is-on-new-highs-6174 Link to comment Share on other sites More sharing options...
riki143 Posted January 11, 2018 Author Share Posted January 11, 2018 EUR/JPY Daily Analytics 07:46 11.01.2018 Recommendation: SELL 133.05 SL 133.60 TP1 132.05 TP2 131.5 On the daily chart, EUR/JPY is trading in the “Shakeout-Fakeout” pattern. After reaching 161.8% target of AB=CD the pair returned inside the previous consolidation range of 131.50-134.30. A break of the lower border of an uptrend will increase the risks of correction to the long-term bullish trend. On H1, a successful test of support at 133.05 will allow bears to trigger the “Shark” pattern and make the pair go to 88.6%. More:https://fbs.com/analytics/articles/eur-jpy-bulls-went-to-the-stable-6175 Link to comment Share on other sites More sharing options...
riki143 Posted January 11, 2018 Author Share Posted January 11, 2018 USD/JPY Daily Analytics 07:57 11.01.2018 Recommendation: BUY 112.80 SL 112.25 TP1 113.70 TP2 115.20 On the daily chart, USD/JPY bears managed to lead the pair outside of the uptrend channel. Together with this, reaching 78.6% of the Gartley pattern will allow bulls to seize the initiative. For a start, buyers need to settle above an important level of 111.65 yen. On H1, USD/JPY bulls are hoping for a “Shakeout-Fakeout” pattern. For that, they need to return the pair to the middle of the previous consolidation range of 112.05-113.65. More:https://fbs.com/analytics/articles/usd-jpy-bulls-retreat-but-don%E2%80%99t-give-up-6176 Link to comment Share on other sites More sharing options...
riki143 Posted January 11, 2018 Author Share Posted January 11, 2018 EURUSD Daily Analytics 12:34 11.01.2018 Bulls faced with resistance at 1.2033, so there's a "V-Top" pattern. The main intraday target is the next support at 1.1884 - 1.1875. If a pullback from this area happens little later on, there'll be a moment to have an upward price movement towards another resistance at 1.1975 - 1.2003. All the Moving Averages have been broken, so the price is consolidating. It's likely that the market is going to reach the 89 Moving Average in the short term. If a pullback from this line happens, bears will probably try to achieve the nearest support at 1.1890 - 1.1871. More:https://fbs.com/analytics/articles/eurusd-v-top-pattern-6186 Link to comment Share on other sites More sharing options...
riki143 Posted January 11, 2018 Author Share Posted January 11, 2018 USD/JPY Daily Analytics 12:39 11.01.2018 There's a bearish "Harami" pattern, which has been formed under the nearest resistance area. So, we should keep an eye on the closest support area as an intraday target. The last "Shooting Star" pattern has been confirmed, so the current bullish correction is likely over. In this case, there's an opportunity to have another decline in the direction of the lower "Window". More:https://fbs.com/analytics/articles/usd-jpy-bearish-harami-pattern-6187 Link to comment Share on other sites More sharing options...
riki143 Posted January 11, 2018 Author Share Posted January 11, 2018 EURUSD Daily Analytics 12:43 11.01.2018 There's a bearish "Harami", which has been formed at the last local high. Therefore, the pair is likely going to test the lower "Window" in the short term. We've got a bullish "Hammer", but this pattern hasn't been confirmed yet. So, it seems like we're going to have just a local correction towards the Moving Averages. More:https://fbs.com/analytics/articles/eurusd-bearish-harami-6188 Link to comment Share on other sites More sharing options...
riki143 Posted January 11, 2018 Author Share Posted January 11, 2018 THE UNCERTAINTY OF GOLD IN 2018 14:02 11.01.2018 According to the weekly chart, gold started 2018 with the highest price from the middle of September 2017 and according to the monthly chart, the highest January opening price since 2013. It gave a reason to a lot of economists and analysts to predict a rise of gold in 2018. Mostly, they consider the current policy and situation. For example, Commerzbank talks about the loose monetary policy of nearly all key Central Banks and political uncertainty, predicting the price of $1,325 an ounce in 2018. The thing is that the political uncertainty was related to the coming U.S. tax reform that was actual at that time, but uncertainties are already passed. However, the question of the price cannot be based just on the current events. The price depends on a lot of factors and especially on the dollar where the Federal Reserve System plays one of the main roles. Most of the economists, metal analysts take into account the Fed, they expect that actions of the Fed will lead to the strengthening of dollar and gold will lose its position. They suppose that gold will not be needed as a safe haven soon because of the stabilization of risks and tighter monetary policy. Based on this, a lot of economists predict the great fall of gold to $1,200 per ounce, that is really low comparing to the numbers it had at the beginning of the year. To conclude all of the above, the situation with gold in 2018 is unclear. It depends on a lot of factors. The key points that will affect the dollar and gold in pair with it are: how much time it will take for developed economies to normalize interest rates, what is the impact of the tax reform, when inflation will start to increase and to what extent the Fed will tighten its policy. More:https://fbs.com/analytics/articles/the-uncertainty-of-gold-in-2018-6190 Link to comment Share on other sites More sharing options...
riki143 Posted January 11, 2018 Author Share Posted January 11, 2018 CRUDE OIL IN 2018: IS IT REALLY A BULLISH TREND? 14:14 11.01.2018 Background Let’s look at the background of the price dynamics. The great fall of the oil price happened in 2014. It was caused by the increased oil production in the USA and Canada. American private companies started extracting oil from shale formations in North Dakota. At the same time, Canada started extracting from oil sands that are the world’s third-largest crude oil reserve. That local production caused the shortage of the oil demand from these countries, increased oil supply and led to the fall of the oil price. The important fact is that OPEC, the leader of the oil sphere, refused to cut its oil production letting prices fall. The dynamics you can see on charts below. Positive trend Changes began only in 2016 when OPEC and Russia agreed to shorten the oil extract. After that agreement prices started to increase slowly, not without falls, but the great fall never happened after anymore. As we can see from the charts, prices of both the major oil brands - Brent and WTI - are rising from September 2017. Now prices at the highest closing levels since December 2014. This trend gave a reason to analysts and economists to make positive predictions about the future of the prices. Nevertheless, it is important to take into account a lot of factors that had an impact on the price, especially at the end of December 2017: strikes in Iran, the explosion at a major oil pipeline in Libya, scandals in Saudi Arabia. All those events caused the rise of the prices, but there can be factors that can direct the trend in the opposite way in 2018. What can affect prices in 2018 However, nothing can be absolutely clear, there are factors that can affect the oil price in 2018. If only supply and demand remain nearly balanced, the price will rise. First of all, OPEC and Russia have to continue their cutting policy that has such a positive impact on the oil price. If only countries decide to change the policy and come back to the same amount of oil they extracted before, the price will fall again. Secondly, some economists suppose that the USA can continue extracting oil because of increasing price that can lead to the fall of price. Speculations are important fact as well. For example, Torbjorn Kjus, chief oil analyst at DNB Bank ASA, assumed that crude can soon see a speculator-driven slump because of a record number of bullish bets at the beginning of 2018. A lot of political events can affect oil price in 2018. For example, cutting of oil extracting in Venezuela, scandals in Saudi Arabia and an unstable political environment in Iran. Summing up all factors that can influence oil price in 2018, we can say that it is complicated to predict the price of crude oil in 2018. Some of the events can lead to the rise of the price, some of them to the fall. However, most of the economists agree on the price from $50 to $70 per barrel. oil More:https://fbs.com/analytics/articles/crude-oil-in-2018-is-it-really-a-bullish-trend-6192 Link to comment Share on other sites More sharing options...
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