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EUR/USD Daily Analytics
07:30 12.01.2018

Technical levels: support – 1.2000; resistance – 1.2070.

Trade recommendations:

Buy β€” 1.2000; SL β€” 1.1980; TP1 β€” 1.2070; TP2 β€” 1.2130
Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen with rising lines; the prices are breaking out SSA’s resistance.

1515742241-5974574d0f06c411e972e24d898d2

More:
https://fbs.com/analytics/articles/eur-usd-euro-entered-into-positive-area-6203

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USD/JPY Daily Analytics
07:32 12.01.2018
Technical levels: support – 111.00; resistance – 112.00.

Trade recommendations:

Buy β€” 111.20/30; SL β€” 111.00; TP1 β€” 112.00.
Reason: bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with falling lines; but the market is oversold and placed on the strong daily support.

1515742242-3dcc4d3b0e9d38341d309e86e7227

More:
https://fbs.com/analytics/articles/usd-jpy-dollar-on-november%E2%80%99s-lows-6204

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EUR/USD Daily Analytics
07:36 12.01.2018
Recommendation:

BUY 1.2125

SL 1.2070

TP1 1.2240 TP2 1.2280

On the daily chart, EUR/USD is resuming the uptrend. If resistance at 1.2090-1.2115 doesn’t stop the bulls, the odds of the rally’s continuation to 1.2240-1.2280 will significantly increase. The nearest support is near 1.1995.Β 

1515742487-8afba167b3e7c15d0d5d28d0f3c7b

On H1, EUR/USD may stop at the current levels, there may be a break towards 161.8% target of the β€œCrab” pattern and formation of the β€œWidening wedge”. Traders should be cautious.

1515742508-144c086f9efd0dd7367f2818eb875

More:
https://fbs.com/analytics/articles/eur-usd-bulls-want-more-6205

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EUR/GBP Daily Analytics
08:03 12.01.2018
Recommendation:

SELL 0.8810 SL 0.8865 TP1 0.871 TP2 0.845

BUY 0.8925 SL 0.887 TP1 0.9015 TP2 0.907

On the daily chart, EUR/GBP keeps consolidating within β€œSpike and ledge” pattern. We will be able to speak about the uptrend’s resumption if the pair rises above resistance at 0.9015. On the other hand, a break of support at 0.8740 will increase of correction towards 200% target of AB=CD.

1515744026-bc1ce4ebdd72b71af2881b8edc2b5

On H1, EUR/GBP is making a retest in line with β€œHead and shoulders” pattern. We can’t exclude the possibility of a β€œWidening wedge”.

1515744141-311438cdc50bb0f634d8ee27e47a0

More:
https://fbs.com/analytics/articles/eur-gbp-is-in-the-corridor-6206

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THE WEEKLY REPORT: AUD/USD
10:02 12.01.2018
The Australian dollar is continuing to strengthen its position at the market. On Thursday 11 January 2018 it gained the highest level in three months.Β 

1515750919-77792247dfb92d8a1910c0d72fd89

There were several reasons for such growth. First of all, the US dollar weakness during the week supported the Australian dollar. The Us dollar fell on Wednesday after the news about the willingness of China to stop purchasing US treasuries. The US dollar depreciated against all main currencies.

Another important event is the report of Australia’s retail sales for November. The rise of total sales was the highest since January 2013. The news stabilized the current state of household finances.

However, on Friday the Australian dollar started to lose positions a little bit because of the data that China released about its trade in December. According to the data, import increased much less than it was expected: 4,5% against 13,0%. This data affected demand perspectives in China – the biggest trade Australian partner. Because of this news the price of Aussie started to fall.

Nevertheless, the fall was not too big and at the time of writing of this report the price started to rise again, it gave a reason to make a positive forecast about the future growth of the Australian currency.

What can affect the rate next week is data about an unemployment rate and consumer inflation expectations on Wednesday 17 January in Australia.

AUD/USD is trying to settle above the 200-week at 0.7850. A weekly close above this line, will strengthen positions of AUD buyers. Yet, looking on the daily chart we can’t say that there’s a strong bullish momentum: moving averages are horizontal. They will offer support for the pair at 0.7770 and 0.7700. The pair still has substantial resistance located at 0.7900 and 0.8000.

More:
https://fbs.com/analytics/articles/the-weekly-report-aud-usd-6210

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EURUSD Daily Analytics
11:57 12.01.2018

1515758177-2aa86a60e299de4d8a08c2132db80

There's a "Triple Bottom" pattern, which has been confirmed, so we've got a new local high. The main intraday target is the next resistance at 1.2164. If a pullback from this level happens, there'll be a moment for a bearish correction towards the nearest support at 1.2129 - 1.2080.

1515758177-e14656e11d178d8af297bce5d3b6b

The price has been rising since a "Triple Bottom" formed. It's likely that bulls are going to test the closest resistance at 1.2164, which could be a departure point for a downward correction.

More:
https://fbs.com/analytics/articles/eurusd-triple-bottom-pattern-6211

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GBP/USD Daily Analytics
12:02 12.01.2018

1515758178-ab6b42530141ec7e604b8b5f926a9

The main trend is still bullish, so the last high is likely going to be broken soon. The main intraday target is the next resistance at 1.3612 - 1.3656. If a pullback from these levels happens little later on, bears will probably try to test the closest support at 1.3569 - 1.3549.

1515758177-28fe31717e8232928cdbbf83b0c9a

All the Moving Averages have been broken, so the price is rising. It seems like bulls are going to reach the next resistance at 1.3612 - 1.3656 in the coming hours. However, if a pullback from this area is on the table, we could have a correction in the direction of the nearest support at 1.3584 - 1.3549.

More:
https://fbs.com/analytics/articles/gbp-usd-main-trend-still-bullish-6212

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EURUSD Daily Analytics
12:05 12.01.2018

1515758669-a337ba1cdb5fa875a057958d1e02a

The 55 Moving Average has acted as support, so the last "Doji" and "Hammer" patterns led to the current upward price movement. There's no any reversal pattern, so the price is likely going to continue moving up.

1515758669-25ef2c3c9d7fae250ce793bed4a49

There's a "Three Methods" pattern, so the price is rising. However, we could have a correction in the coming hours towards the nearest support area, which is likely going to be a departure point for another upward price movement.

More:
https://fbs.com/analytics/articles/eurusd-three-methods-pattern-6213

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USD/JPY Daily Analytics
12:08 12.01.2018

1515758669-956e1928ea1c1d3feb54c5ae4aa40

The price reached the "Window", but there isn't any reversal pattern so far. So, the price is likely going to continue moving down until any bullish pattern forms.

1515758669-a9f4eadca3bc2184ec57cdba24b47

We've got a bearish "Engulfing", which has been confirmed. In this case, the market is likely going to test the lower "Window" in the short term.

More:
https://fbs.com/analytics/articles/usd-jpy-price-reached-the-window-6214

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BITCOIN (BTC/USD)
19:15 14.01.2018
Bitcoin continues to consolidate slightly above the psychological level of 13,000 since buyers remain active at the Fibonacci level of 23.6% at 12,852.85. This has allowed the bears to weaken in the current movement and the Parabolic SAR seems to be supporting the price action in the short term in favor of the bulls.

During the weekend, the Russian finance minister proposed that the cryptocurrency trading is legalized once and for all, due to the wide popularity that this activity has gained in the country. It is interesting to note that companies with international remittances such as MoneyGram are implementing the XRP in their internal pilot program systems.Now bulls and bears are locked in a battle to guide the path of the BTC / USD pair in the short term, although the long-term view is still bullish. We say this because of the fact that cryptocurrency has still not moved significantly away from the 200-hour moving average, which supports the bullish price action for the time being.

What do we expect?

Our forecasts in the short term continue to put Bitcoin in a bearish trend that can be strengthened with the break of 12,852. This could allow our hypothesis raised in days ago to be fulfilled and the pair will reach the Fibonacci target of -23.6% in 8507.14. The RSI remains in negative territory, although it is entering a neutral zone

1515957275-4d569cef72bb7acd467357c14ba15

More:
https://fbs.com/analytics/articles/bitcoin-btc-usd-buyers-demand-around-12850-6226

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EUR/NZD
19:16 14.01.2018
EUR/NZD has been trading in a bearish tone since January 3rd session, but so far it’s consolidating above the 200 SMA, at which is currently finding sellers. The 65% Fibonacci level could act as a resistance that help to strengthen the downward path for the short-term. If that happens, the pair could be on its way to test the -23.6% Fibo zone at 1.6400.

RSI indicator is moving in the overbought territory.

1515957363-c876ab27ae85b67f4e154cf934bae

More:
https://fbs.com/analytics/articles/eur-nzd-under-selling-pressure-at-16830-6227

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EURUSD Daily Analytics
03:40 15.01.2018

1515987514-62bbfb3c9e08728858ca2cc43b454

The price went through an important resistance at 1.2080 - 1.2129, but bulls are likely going to test the next resistance at 1.2246. If a pullback from this level happens little later on, there'll be a moment to have a downward correction towards the nearest support at 1.2129 - 1.2080.

1515987514-19a254812556f6c4c81ff388ccc0a

Bulls faced with resistance at 1.2225, so there's time for a local bearish correction. The main intraday target is the closest support at 1.2164. This level could be a departure point for another upward price movement in the direction of the next resistance at 1.2225 - 1.2246.

More:
https://fbs.com/analytics/articles/eurusd-bulls-going-to-test-next-resistance-6229

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GBP/USD Daily Analytics
03:44 15.01.2018

1515987514-d69fcaf5bbcc48089fbbbf947af31

The main trend is still bullish. It's likely that the pair is going to test the next resistance at 1.3765 - 1.3834 in the short term. However, if a pullback from this area happens little later on, there'll be an opportunity to have a bearish correction towards the nearest support at 1.3635.

1515987514-edcd3d3a6a7091f81b907fd3864ce

The pair faced with resistance at 1.3765, so bears are likely going to test the closest support at 1.3692 - 1.3656 in the coming hours. Meanwhile, if a pullback from this area happens afterwards, we could have another upward price movement in the direction of the next resistance at 1.3765 - 1.3834.

More:
https://fbs.com/analytics/articles/gbp-usd-v-bottom-led-to-new-high-6231

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GBP/USD Daily Analytics
07:54 15.01.2018
Technical levels: support – 1.3690; resistance – 1.3830, 1.3900.

Trade recommendations:

Sell β€” 1.3730; SL β€” 1.3750; TP1 β€” 1.3690.
Buy β€” 1.3690; SL β€” 1.3670; TP1 β€” 1.3830; TP2 β€” 1.3900.
Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A and B; a cancelled dead cross of Tenkan-sen and Kijun-sen with rising lines; the market is on new highs and overbought – expected a correction.

1516002842-5838ef800660551113de2aff99712

More:
https://fbs.com/analytics/articles/gbp-usd-pound-reached-new-highs-6238

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USD/JPY Daily Analytics
07:55 15.01.2018
Technical levels: support – 110.40, 110.00; resistance – 111.00

Trade recommendations:

Sell β€” 111.00; SL β€” 111.20; TP1 β€” 110.40; TP2 β€” 110.00.
Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with falling lines; the prices reached new lows and the market is oversold.

1516002842-3dcc4d3b0e9d38341d309e86e7227

More:
https://fbs.com/analytics/articles/usd-jpy-weakness-of-dollar-6239

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NZD/USD Daily Analytics
08:38 15.01.2018
Recommendations:

BUY 0.7165 SL 0.711 TP1 0.7265 TP2 0.739

BUY 0.7090 SL 0.7025 TP1 0.7190 TP2 0.7265 TP3 0.7390

On the daily chart, NZD/USD bulls managed to get above resistance at 0.7250-0.7265. Never the less, the fight for this important level continues. If the pair reaches 113% target of the β€œShark” pattern, bears will be able to counterattack.

1516005437-fb9be1d9d65d6402746f6573306cf

On H1, NZD/USD bulls keep controlling the situation. Sustainable uptrend allows traders to buy on the pullbacks to 23.6%, 38.2% and 50% ?of the wave CD of the β€œShark” pattern

1516005451-3696dc2326705fd45dfa7b732beb8

More:
https://fbs.com/analytics/articles/nzd-usd-kiwi-is-storming-a-fortress-6240

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EURUSD ADaily Analytics
08:43 15.01.2018

1516005741-5e4d6696708668aec3aab3e519e69

The price has been rising since a triangle in wave 4 was formed. The main intraday target for wave 5 of (C) is 7/8 MM Level, which could be a departure point for a bearish correction.

1516005742-750cc1bbd85a5ba7f2b704a3b87a0

There's a developing upward impulse in wave 5. It's likely that wave [iii] is going to move on, so we should keep an eye on 5/8 MM Level as the next bullish target.

More:
https://fbs.com/analytics/articles/eurusd-triangle-in-wave-4-6241

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USD/JPY Dalily Analytics
09:13 15.01.2018

1516007425-531386659d232c38de9941932c5a5

There's no any reversal pattern so far because all the last candles are bearish. In this case, the pair is likely going to test the lower "Window" in the short term.

1516007425-1f057137831e54d97d7dc11cf6b60

The last bearish "Three Methods" pattern pushed the price lower. Also, there's no any bullish model, so the market is going to continue declining in the coming hours.

More:
https://fbs.com/analytics/articles/usd-jpy-no-any-reversal-pattern-so-far-6242

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GBP/USD Daily Analytics
08:12 17.01.2018

Technical levels: support – 1.3680; resistance – 1.3830.

Trade recommendations:

Sell β€” 1.3760; SL β€” 1.3780; TP1 β€” 1.3690; TP2 β€” 1.3650.
Reason: bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.

1516176733-5838ef800660551113de2aff99712

More:
https://fbs.com/analytics/articles/gbp-usd-pound-entered-into-channel-tenkan-kijun-6289

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AUD/USD Daily Analytics
08:13 17.01.2018
Technical levels: support – 0.7870; resistance – 0.8000

Trade recommendations:

Sell β€” 0.7940; SL β€” 0.7960; TP1 β€” 0.7870; TP2 β€” 0.7840.
Reason: bullish Ichimoku Cloud with rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen; but the market is overbought and under the strong resistance of 0.8000.

1516176733-42a68b4bfa2f0515dfbaa054e9dba

More:
https://fbs.com/analytics/articles/aud-usd-aussie-reached-main-target-6290

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