riki143 Posted January 22, 2018 Author Share Posted January 22, 2018 NZD/USD Daily Analytics 07:41 22.01.2018 Recommendation: SELL 0.7230 SL 0.7285 TP1 0.7120 TP2 0.7055 On the daily chart, the inability of NZD/USD bulls to hold an important support at 0.7250-0.7265 points at their weakness. The odds of the reversal “Widening wedge” pattern will increase in the pair slides below 0.7170. On the other hand, a break of resistance levels at 0.7395 and 0.7475 will allow speaking about the uptrend’s resumption. On H1, NZD/USD keeps forming a “Widening wedge”. A successful test of support at 0.7230 will create a possibility for a decline to 0.7120 and 0.7055. More:https://fbs.com/analytics/articles/nzd-usd-kiwi%E2%80%99s-flying-in-a-wedge-6371 Link to comment Share on other sites More sharing options...
riki143 Posted January 22, 2018 Author Share Posted January 22, 2018 EUR/USD Daily Analitycs 08:40 22.01.2018 https://fbs.com/img/articles/6375/1516610349-661838afae486172642ce7c8db18768c_1200x1200_q90v3.png There's a pullback from 4/8 MM Level, so wave [iv] might have been formed. Therefore, there's an opportunity to have wave [v] of 5 in the short term. The main bullish target is 6/8 MM Level, which could be a departure point for a downward correction. The price is consolidating above 8/8 MM Level. It's likely that wave (ii) is about to end, so we're going to have wave (iii) of [v] pretty soon. Also, if the price goes through +2/8 MM Level, the Murray Math indication will be updated. More:https://fbs.com/analytics/articles/eur-usd-wave-ii-is-about-to-end-6375 Link to comment Share on other sites More sharing options...
riki143 Posted January 22, 2018 Author Share Posted January 22, 2018 AUD/USD Daily Analytics 07:51 22.01.2018 Recommendation: BUY 0.7895 SL 0.7840 TP1 0.7990 TP2 0.8050 TP3 0.8125 On the daily chart, AUD/USD is fighting for an important level – 78.6% of the wave CD of the 5-0 pattern. The necessary condition for an uptrend’s resumption is a confident advance above resistance at 0.8050. As long as the pair keeps trading above 0.7885-0.7895, bulls remain in control. On H1, there’s a “Spike and reversal with acceleration” pattern. The pullback from the lower border of the uptrend’s channel and supports at 0.7895 and 0.7870 will allow speaking about the end of correction. https://fbs.com/img/articles/6372/1516607451-ef00342837a633bda01cab6a3fe3e88f_1200x1200_q90v3.png More:https://fbs.com/analytics/articles/aud-usd-bulls-loosened-their-grip-6372 Link to comment Share on other sites More sharing options...
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riki143 Posted January 23, 2018 Author Share Posted January 23, 2018 🤔 Why Forex is often Mistrusted? Simple lack of understanding of economy may result in creating myths and lies about Forex, which unfortunately can discourage a lot of people with high potential. Learn more with this interesting blog from FBS ⬇https://goo.gl/xpeyJf Link to comment Share on other sites More sharing options...
riki143 Posted January 23, 2018 Author Share Posted January 23, 2018 XAU/USD Daily Analytics 07:06 23.01.2018 Recommendation: SELL $1324 SL $1339 TP1 $1302 TP2 $1280 BUY $1344 SL $1329 TP $1359 TP2 $1380 TP3 $1392 On the daily chart, if XAU/USD renews January high, the risks of its going to 127.2% target of AB=CD will increase. The nearest levels of support are at $1324 and $1302-1306 an ounce. On H1, XAU/USD consolidated in the $1324-1344 range. A break of its upper border will trigger AB=CD pattern with a target at 161.8%. On the other hand, successful test of support at $1324 will increase the risks of a correction. More:https://fbs.com/analytics/articles/xau-usd-gold-is-in-the-corridor-6397 Link to comment Share on other sites More sharing options...
riki143 Posted January 23, 2018 Author Share Posted January 23, 2018 USD/CAD Daily Analytics 07:15 23.01.2018 Recommendation: BUY 1.251 SL 1.2455 TP1 1.264 TP2 1.28 TP3 1.2855 SELL 1.2375 SL 1.243 TP1 1.2275 TP2 1.22 TP3 1.2125 On the daily chart, USD/CAD keeps fighting for an important level of 1.2462. Near it the pair formed a triangle. The break of it will either allow bulls to count on the pair’s return to resistance at 1.2670 or, on the other hand, increase the risks of the bearish trend’s resumption. On H1, USD/CAD there is a “Spike and ledge” pattern. A successful test of the upper or lower border of the 1.2375-1.2510 consolidation range will create grounds for a “Bat” pattern or AB=CD. More:https://fbs.com/analytics/articles/usd-cad-triangle-will-be-the-judge-6398 Link to comment Share on other sites More sharing options...
riki143 Posted January 23, 2018 Author Share Posted January 23, 2018 AUD/USD: AUSSIE IN CORRECTION TO CLOUD 07:50 23.01.2018 Technical levels: support – 0.7950; resistance – 0.8030 Trade recommendations: Buy — 0.7950; SL — 0.7930; TP1 — 0.8030; TP2 — 0.8080. Reason: bullish Ichimoku Cloud with rising Senkou Span B; a golden cross of Tenkan-sen and Kijun-sen; the prices are in correction to the Cloud. More:https://fbs.com/analytics/articles/aud-usd-aussie-in-correction-to-cloud-6399 Link to comment Share on other sites More sharing options...
riki143 Posted January 23, 2018 Author Share Posted January 23, 2018 USD/JPY Daily Analytics 07:51 23.01.2018 Technical levels: support – 110.50; resistance – 111.00 Trade recommendations: Buy — 111.00; SL — 110.80; TP1 — 111.50; TP2 — 112.00. Reason: bearish Ichimoku Cloud with rising Senkou Span A; an irregular dead cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices are entered into cloudy area and may continue growing up. More:https://fbs.com/analytics/articles/usd-jpy-dollar-entered-into-cloud-6400Riki_Analytics Link to comment Share on other sites More sharing options...
riki143 Posted January 23, 2018 Author Share Posted January 23, 2018 DOES BITCOIN REALLY HAVE A FAIR VALUE? 08:54 23.01.2018 Bitcoin is inflating and deflating from day to day like a bubble. Nowadays there are a lot of questions about Bitcoin and one of them is what its fair value is. Economists and analysts are trying to create their own formulas to count Bitcoin's value. So let’s look how they tried to do it. There are two parameters of a currency's fair value measurement. To measure the fair value, it is needed to identify a store value and an exchange value. Mostly, all economists who believe that Bitcoin has a value, make their calculations based on these two figures. Currency strategist at the Bank of America Merrill Lynch David Woo is one of them. Woo tried to compare Bitcoin to silver as a store of value but failed. The value was not determined. And later analysts of the bank declared that a true value for cryptocurrencies may be impossible to assess. Then Bitcoin also was compared to gold. Nowadays, the total amount of Bitcoin is much less than that of gold. However, real fans of Bitcoin believe that it will surpass gold in total value. There is another approach to this issue. Analyst of Credit Suisse Damien Boey estimated the Bitcoin fair value at $6,000. How did he count? He took into account the size of Bitcoin's network and the yield spread on BBB-rated bonds. So Bitcoin rises as more people use the network. He found out that Bitcoin price has a negative correlation to BBB credit spreads – the difference between the yield on BBB-rated debt. The price of Bitcoin depends on a financial policy of a government as well. In the next approach, economists were taking into account the distributed system of the currency. They gave value to Bitcoin because of its transactional system. But they concluded that it was wrong to assess the value based on convenience of payments because now Bitcoin is rarely used for buying anything. So economists came to the dead end again. However, we should not miss an opinion that Bitcoin does not have any value at all. For example, Richard Turnhill, a strategist for BlackRock Financial, the world largest money manager, world-class investors Warren Buffett from Berkshire Hathaway Inc. and Jamie Dimon from J.P. Morgan Chase & Co. said that Bitcoin is a bubble that can rise in a short-term, but it will burst anyway. Conclusion When economists start to estimate Bitcoin, they meet 2 main problems. Firstly, Bitcoin is rarely used for buying anything. It is impossible to estimate its exchange value because nowadays transactions include only buying and selling Bitcoin, Bitcoin is not exchanged for anything else because of the permanently changing price. The total number of bitcoin transactions over the past year added up to less than one-tenth of 1 % of total e-commerce transactions. Secondly, considering a store of value, analysts met another problem. They compared cryptocurrency with silver and gold, but if we can hold metals, we cannot hold Bitcoins. Numbers of metals and cryptocurrency are not compared as well. Cryptocurrencies do not have underlying value like metals. Bitcoin cannot be guaranteed by an issuer because there is not any. That is why, we can come to the conclusion that the value of Bitcoin is created by users: as much as people believe in cryptocurrency, as much it increases. More:https://fbs.com/analytics/articles/does-bitcoin-really-have-a-fair-value-6402?utm_source=forum&utm_medium=affiliate&utm_campaign=EN_English&utm_content=Riki_Analytics Link to comment Share on other sites More sharing options...
riki143 Posted January 23, 2018 Author Share Posted January 23, 2018 EUR/USD: "PENNANT" PATTERN 09:35 23.01.2018 The main trend is still bullish, but there's an opportunity to have a bearish correction because of the last "Triple Top" pattern. So, we should keep an eye on the nearest support area at 1.2194 - 1.2164 as the next intraday target. There's a "Pennant" pattern, so the pair is likely going to test the closest support at 1.2164 in the coming hours. If a pullback from this level happens little later on, there'll be a moment to have another bullish price movement. More:https://fbs.com/analytics/articles/eur-usd-pennant-pattern-6403?utm_source=forum&utm_medium=affiliate&utm_campaign=EN_English&utm_content=Riki_Analytics Link to comment Share on other sites More sharing options...
riki143 Posted January 23, 2018 Author Share Posted January 23, 2018 GBP/USD Daily Analytics 09:39 23.01.2018 Bulls faced with resistance at 1.4011, so there's a "V-Top" pattern. The main intraday target is the nearest support at 1.3895 - 1.3834. This area could be a departure point for an upward price movement in the direction of the next resistance at 1.3944 - 1.4011. There's a developing bearish correction, so the market is likely going to test the closest support at 1.3834 during the day. Meanwhile, if a pullback from this level is on the table, bulls will probably try to achieve another resistance at 1.4011 - 1.4089. More: https://fbs.com/analytics/articles/gbp-usd-developing-bearish-correction-6404?utm_source=forum&utm_medium=affiliate&utm_campaign=EN_English&utm_content=Riki_Analytics Link to comment Share on other sites More sharing options...
riki143 Posted January 23, 2018 Author Share Posted January 23, 2018 THE STABILITY OF THE BOJ POLICY 10:42 23.01.2018 Today is the day of the Bank of Japan meeting. The BOJ announced its Outlook Report. The key point is that the Bank kept its monetary policy unchanged. This meeting showed almost solid consent - eight to one member voted to leave interest rates at the same level of -0.1%. At the same time, the members claimed that quantitative and qualitative monetary easing (QQE) with yield curve control (YCC) program will be continued. The Bank is promising to buy Japanese government bonds so that 10-year JGB yields will remain around 0%. The Bank is going to “continue expanding the monetary base until the year-on-year rate of increase in the observed CPI exceeds 2% and stays above the target in a stable manner”. So the BOJ claims that it is going to continue with the current loose policy. However, there are speculations around this report, investors are expecting policy normalization soon. We can see it on a USD/JPY pair 4-hours chart. Despite the news about the unchanged Japanese monetary policy, USD/JPY is falling, the lowest price from the time of the announcement was 110.63. Technical analysis shows that USD/JPY is dangerously close to the support line from the 2016 low in 110 area. Very close to this area there is 100-week MA. These strong support levels will hold initial selling pressure. On the upside, the main obstacle is at 111.70 (200-day MA, 50-week MA). More:https://fbs.com/analytics/articles/the-stability-of-the-boj-policy-6406?utm_source=forum&utm_medium=affiliate&utm_campaign=EN_English&utm_content=Riki_Analytics Link to comment Share on other sites More sharing options...
riki143 Posted January 23, 2018 Author Share Posted January 23, 2018 EUR/USD Daily Analytics 12:29 23.01.2018 There's an "Engulfing" pattern, which has been formed at the last high. So, the pair is likely going to test the 34 Moving Average, which could be a departure point for another upward price movement. The 55 Moving Average acted as support, so there's a "High Wave" pattern. In this case, we could have a local upward correction. Nevertheless, bears are likely going to test the 89 MA afterwards. More: [URL=https://fbs.com/analytics/articles/eur-usd-engulfing-pattern-6407?utm_source=forum&utm_medium=affiliate&utm_campaign=EN_English&utm_content=Riki_Analytics ]https://fbs.com/analytics/articles/eur-usd-engulfing-pattern-6407?utm_source=forum&utm_medium=affiliate&utm_campaign=EN_English&utm_content=Riki_Analytics[/URL] Link to comment Share on other sites More sharing options...
riki143 Posted January 23, 2018 Author Share Posted January 23, 2018 USD/JPY Daily Analytics 12:32 23.01.2018 There's a bearish "Harami", which has been formed on the upper "Window". So, the market is likely going to test the lower "Window" in the short term. The 89 Moving Average has acted as resistance once again, so there's a "Harami" pattern. Therefore, the market is likely going to continue moving down in the coming hours. More:https://fbs.com/analytics/articles/usd-jpy-bearish-harami-6408?utm_source=forum&utm_medium=affiliate&utm_campaign=EN_English&utm_content=Riki_Analytics Link to comment Share on other sites More sharing options...
riki143 Posted January 23, 2018 Author Share Posted January 23, 2018 EUR/USD Daily Analytics 12:39 23.01.2018 There's a pullback from 4/8 MM Level, so wave [iv] might have been formed. Therefore, we're likely going to have an upward impulse in wave [v] of 5 in the coming days. The main intraday target is 6/8 MM Level. As we can see on the one-hour chart, there's a possible triangle in wave [iv]. If correct, wave [v] is going to begin anytime soon. More:https://fbs.com/analytics/articles/eur-usd-triangle-in-wave-iv-6409?utm_source=forum&utm_medium=affiliate&utm_campaign=EN_English&utm_content=Riki_Analytics Link to comment Share on other sites More sharing options...
riki143 Posted January 23, 2018 Author Share Posted January 23, 2018 EUR/USD: TRIANGLE IN WAVE [IV] 12:39 23.01.2018 There's a pullback from 4/8 MM Level, so wave [iv] might have been formed. Therefore, we're likely going to have an upward impulse in wave [v] of 5 in the coming days. The main intraday target is 6/8 MM Level. As we can see on the one-hour chart, there's a possible triangle in wave [iv]. If correct, wave [v] is going to begin anytime soon. More:https://goo.gl/TqZEf3 Link to comment Share on other sites More sharing options...
riki143 Posted January 23, 2018 Author Share Posted January 23, 2018 USD/JPY: BEARISH "HARAMI" 12:32 23.01.2018 There's a bearish "Harami", which has been formed on the upper "Window". So, the market is likely going to test the lower "Window" in the short term. The 89 Moving Average has acted as resistance once again, so there's a "Harami" pattern. Therefore, the market is likely going to continue moving down in the coming hours. More:https://goo.gl/59Rb7s Link to comment Share on other sites More sharing options...
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