riki143 Posted January 24, 2018 Author Share Posted January 24, 2018 EUR/USD Daily Analytics 05:50 24.01.2018 Technical levels: support – 1.2270; resistance – 1.2390. Trade recommendations: Buy — 1.2310/20; SL — 1.2300; TP1 — 1.2390; TP2 — 1.2430 Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen; the prices are supported by Cloud, Tenkan-sen and Kijun-sen and a market is ready to go higher. More:https://fbs.com/analytics/articles/eur-usd-euro-reached-new-highs-6422 Link to comment Share on other sites More sharing options...
riki143 Posted January 24, 2018 Author Share Posted January 24, 2018 GBP/USD Daily Analytics 05:52 24.01.2018 Technical levels: support – 1.4000; resistance – 1.4070. Trade recommendations: Buy — 1.4000; SL — 1.3880; TP1 — 1.4070; TP2 — 1.5000. Reason: bullish Ichimoku Cloud with rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with rising lines; a market reached new highs over 1.4000. More:https://fbs.com/analytics/articles/gbp-usd-strong-bullish-offensive-6423 Link to comment Share on other sites More sharing options...
riki143 Posted January 24, 2018 Author Share Posted January 24, 2018 USD/CHF Daily Analytics 06:38 24.01.2018 Recommendation: BUY 0.9665 SL 0.961 TP1 0.973 TP2 0.9775 TP3 0.98 BUY 0.949 SL 0.9435 TP1 0.9555 TP2 0.964 TP3 0.973 On the daily chart, USD/CHF keeps forming the “Bat” pattern with a target of 88.6%. For now, bulls and bears are fighting for 78.6% of the wave XA. If bears manage to conquer it, the decline will continue. On the other hand, rebound from the current support will increase the possibility of a pullback. On H1, USD/CHF there may be a formation of a “Widening wedge”. To do that bulls will need to return the pair to resistance at 0.9665. More:https://fbs.com/analytics/articles/usd-chf-franc-saw-a-bat%E2%80%9D-6426?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 24, 2018 Author Share Posted January 24, 2018 GBP/USD Daily Analytics 06:47 24.01.2018 Recommendation: BUY 1.3935 SL 1.388 TP1 1.405 TP2 1.415 TP3 1.425 On the daily chart, GBP/USD is trading in an uptrend. The pair reached 161.8% of the AB=CD pattern. This increases the possibility of a pullback. On the other hand, a successful test of resistance at 1.4050 will allow talking about the continuation towards the convergence area of 1.4250-1.2495. On H1, there’s a “Spike and reversal with acceleration pattern”. A break of support at 1.3935 will create grounds for correction to 1.3815 and 1.3745. At these levels, buyers will become more active. More:https://fbs.com/analytics/articles/gbp-usd-pound-is-reaching-targets-6427 Link to comment Share on other sites More sharing options...
riki143 Posted January 24, 2018 Author Share Posted January 24, 2018 EUR/USD Daily Analytics 12:57 24.01.2018 The main trend is still bullish, so the market is likely going to test the nearest resistance at 1.2358 - 1.2456. If a pullback from this area happens, there'll be an opportunity to have a decline towards the nearest support at 1.2322 - 1.2272. There's no any reversal pattern, so the pair is likely going to test the next resistance at 1.2358 - 1.2398 during the day. This area could be a departure point for a bearish correction towards the closest support at 1.2358 - 1.2322. More:https://fbs.com/analytics/articles/eur-usd-no-any-reversal-pattern-6434 Link to comment Share on other sites More sharing options...
riki143 Posted January 24, 2018 Author Share Posted January 24, 2018 GBP/USD Daily analytics 12:59 24.01.2018 Bulls faced with resistance at 1.4089. Nevertheless, the market is likely going to test the next resistance at 1.4129 - 1.4206 soon. If a pullback from these levels happens little later on, we could have a downward correction. There's a new local high. Meanwhile, if a pullback from the nearest resistance at 1.4129 happens, there'll be an opportunity to have a bearish correction towards the closest support at 1.4089 - 1.4027. More:https://fbs.com/analytics/articles/gbp-usd-new-local-high-6435 Link to comment Share on other sites More sharing options...
riki143 Posted January 24, 2018 Author Share Posted January 24, 2018 EUR/USD Daily Analytics 13:03 24.01.2018 There's no any reversal pattern so far, but we could have a local bearish correction in the coming hours. Nevertheless, the market is likely going to continue moving up afterwards. We've got a bearish "Shooting Star", which hasn't been confirmed yet. In this case, the 55 Moving Average is likely going to act as support. A pullback from this line will be a green light for another bullish rally. More:https://fbs.com/analytics/articles/eur-usd-bearish-shooting-star-6436 Link to comment Share on other sites More sharing options...
riki143 Posted January 24, 2018 Author Share Posted January 24, 2018 GBP/USD: POUND IS REACHING TARGETS 06:47 24.01.2018 Recommendation: BUY 1.3935 SL 1.388 TP1 1.405 TP2 1.415 TP3 1.425 On the daily chart, GBP/USD is trading in an uptrend. The pair reached 161.8% of the AB=CD pattern. This increases the possibility of a pullback. On the other hand, a successful test of resistance at 1.4050 will allow talking about the continuation towards the convergence area of 1.4250-1.2495. On H1, there’s a “Spike and reversal with acceleration pattern”. A break of support at 1.3935 will create grounds for correction to 1.3815 and 1.3745. At these levels, buyers will become more active. More: https://goo.gl/vPa1Ey Link to comment Share on other sites More sharing options...
riki143 Posted January 24, 2018 Author Share Posted January 24, 2018 USD/JPY Daily analytics 13:06 24.01.2018 The price has reached the lower "Window", but there isn't any bullish pattern. So, the market is likely going to continue moving down in the short term. All the last candles are bearish, so the isn't any reversal model. Therefore, the market is likely going to declining towards the next support area. More:https://fbs.com/analytics/articles/usd-jpy-all-the-last-candles-are-bearish-6437 Link to comment Share on other sites More sharing options...
riki143 Posted January 24, 2018 Author Share Posted January 24, 2018 USD/CHF: FRANC SAW A “BAT” 06:38 24.01.2018 Recommendation: BUY 0.9665 SL 0.961 TP1 0.973 TP2 0.9775 TP3 0.98 BUY 0.949 SL 0.9435 TP1 0.9555 TP2 0.964 TP3 0.973 On the daily chart, USD/CHF keeps forming the “Bat” pattern with a target of 88.6%. For now, bulls and bears are fighting for 78.6% of the wave XA. If bears manage to conquer it, the decline will continue. On the other hand, rebound from the current support will increase the possibility of a pullback. On H1, USD/CHF there may be a formation of a “Widening wedge”. To do that bulls will need to return the pair to resistance at 0.9665. More:https://goo.gl/oDktfu Link to comment Share on other sites More sharing options...
riki143 Posted January 24, 2018 Author Share Posted January 24, 2018 Today will be released the Crude Oil Inventories data by The Energy Information Administration's (EIA), which measures the weekly change in the number of barrels of oil held by US firms. The level of inventories influences the price of oil. If the crude inventories increase more than expected, crude prices will get down. If the crude inventories increase less than expected, crude prices will get up. If you are an experienced trader, take your opportunities from this weekly event and trade CFDs with FBS 👉https://goo.gl/2HZrz5 Link to comment Share on other sites More sharing options...
riki143 Posted January 24, 2018 Author Share Posted January 24, 2018 🏆 WOW - FBS gets two new awards in China! We are overwhelmed with happiness to share the great news – we received 2 awards in China. This time, we received “Best Investor Education 2017” by Hexun and """"Best FX IB Program – China 2017"""" by China Forex Technical Analysis Expo and Y2 Forum. The awards choses the best of the best among hundreds of participants every year. FBS is grateful to the members of judging commission for their confidence in choosing us as the best, as well as to our amazing traders who always trust us all over the world. Trading with FBS means trading with the best - Join us Today 💚 https://goo.gl/iJgDe7 💚 Link to comment Share on other sites More sharing options...
riki143 Posted January 25, 2018 Author Share Posted January 25, 2018 WHAT TO EXPECT FROM THE ECB MEETING? 08:37 25.01.2018 Today we are waiting for the news from the European Central Bank. The ECB press conference will be held at 15:30 MT time. It is worth to say that last time in December the ECB left its monetary policy unchanged. So let’s see what we can expect from this meeting. Most of the economists suppose that the ECB will not change the monetary policy again because of an obstacle - the continuing quantitative easing that it promised to hold until September 2018. However, we can say that this time the most interesting part of the conference is not interest rates, but comments of the bank President. First of all, Mario Draghi will face a huge number of questions over how fast the central bank is going to change its policy. Secondly, his address and comments will affect the EUR/USD pair. The pair was rising since the beginning of 2017 and recently achieved a new 3-year high. Such growth creates worries for the ECB because continuing rise of the currency is not good for the economy. That is why the ECB should gradually shift its stance to avoid a more destructive move in the future. And it is what economists are waiting from Draghi, they expect him to announce gradual policy changes. Although no one expects immediate changes in the ECB policy, traders will pay a lot of attention to the speech of the President. During the conference, the single currency will be vulnerable. As for numbers, analysts from Danske Bank forecast the fall of the single currency to 1.20 in short-term, but not lower. However, it is expected to surge to 1.28 by the end of the year, if only inflation will grow to 2%. So we can say that the ECB monetary policy will likely stay stable but the conference will affect the EUR/USD pair a lot. Considering future, economists are looking for policy changes in March/April meetings. More forecasts on EUR/USD rate you can find More: https://fbs.com/analytics/articles/what-to-expect-from-the-ecb-meeting-6451 Link to comment Share on other sites More sharing options...
riki143 Posted January 25, 2018 Author Share Posted January 25, 2018 EUR/JPY Daily Analytics 09:21 25.01.2018 Recommendation: SELL 134.95 SL 135.5 TP1 134.3 TP2 133.7 BUY 136.2 SL 135.65 TP 137.2 TP2 138 On the daily chart, EUR/JPY is consolidating in the 135.00-136.40 area. A break of its upper border will increase the odds of advance to 127.2% of AB=CD pattern. The nearest support level is near 134.30. On H1, EUR/JPY is retesting the neckline of “Head and Shoulders”. A break below correction low will allow bears to count on the continuation of a pullback. On the other hand, advance above 136.20 will increase the risks of uptrend’s resumption. More:https://fbs.com/analytics/articles/eur-jpy-who-will-be-the-loser-6452 Link to comment Share on other sites More sharing options...
riki143 Posted January 25, 2018 Author Share Posted January 25, 2018 USD/JPY Daily Analytics 09:29 25.01.2018 Recommendation: BUY 109.45 SL 108.9 TP1 110 TP2 110.45 On the daily chart, a return of the pair inside the downtrend channel shows that bears have total control. Never the less, there may be a small pullback from 78.6% and 88.6% of the wave XA of the “Bat” pattern. On H1, a pullback of USD/JPY from 200% target of AB=CD with the following formation of Anti-Turtles will signal potential correction. For a start, bulls have to push the pair above 109.45. More:https://fbs.com/analytics/articles/usd-jpy-yen-is-playing-cat-and-mouse-6454 Link to comment Share on other sites More sharing options...
riki143 Posted January 25, 2018 Author Share Posted January 25, 2018 EUR/USD Daily Analytics 10:01 25.01.2018 Bulls faced with resistance at 1.2456, so the market is likely going to test the nearest support at 1.2358 - 1.2322. If a pullback from this area happens little later on, there'll be an opportunity to have an upward price movement towards the next resistance at 1.2456 - 1.2500. There's a "V-Top" pattern, so the pair is likely going to achieve the closest support at 1.2358. This level could be a departure point for a bullish price movement in the direction of another resistance at 1.2456 - 1.2500. More:https://fbs.com/analytics/articles/eur-usd-v-top-pattern-led-to-decline-6455?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 25, 2018 Author Share Posted January 25, 2018 GBP/USD Daily analytics 10:06 25.01.2018 The main trend is still bullish, but the pair faced resistance at 1.4331, so there's an opportunity to have a downward correction towards the nearest support at 1.4129 - 1.4089. If we have a pullback from this area little later on, bulls will probably try to test the next resistance at 1.4386 - 1.4433. We've got a "V-Top" pattern, which has been formed at the last local high. The main intraday target is the closest support at 1.4195 - 1.4129. However, if a pullback from these levels arrives afterwards, there'll be a moment to have another upward price movement in the direction of the nearest resistance at 1.4386 - 1.4433. More:https://fbs.com/analytics/articles/gbp-usd-main-target-is-closest-support-6456?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 25, 2018 Author Share Posted January 25, 2018 EUR/USD Daily Analytics 11:16 25.01.2018 There're a "High Wave" and a "Harami" patterns, which have been formed at the last high. Therefore, the price is likely going to test the 21 Moving Average, which could be a departure point for another bullish price movement. We've got a "Three Black Crows" pattern, which has been confirmed. In this case, we should keep an eye on the 55 Moving Average as an intraday bearish target. More:https://fbs.com/analytics/articles/eur-usd-three-black-crows-pattern-6457?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 25, 2018 Author Share Posted January 25, 2018 USD/JPY Daily Analytics 11:19 25.01.2018 There's still no any reversal pattern so far, which means the price is likely going to continue declining towards the lower "Window". If any bullish pattern forms little later on, there'll be a moment to have an upward correction We've got a bearish "Engulfing", but this pattern hasn't been confirmed yet. So, there's an opportunity to have a local bearish correction in the coming hours. Nevertheless, bears are likely going to test the next support area afterwards. More:https://fbs.com/analytics/articles/usd-jpy-bearish-engulfing-6458?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 25, 2018 Author Share Posted January 25, 2018 WHY THE DOLLAR FELL SO LOW? 11:29 25.01.2018 We are seeing the fall of the US dollar since the end of December 2017, but US Treasury secretaries preferred to say little about it until this Wednesday. The US made the biggest fall since December 2014 when the Treasury Secretary Steven Mnuchin claimed on Wednesday that “a weaker dollar is good for us as it relates to trade”. The Secretary made his comment in Davos, Switzerland during the World Economic Forum, where a lot of people are waiting for the Donald Trump’s address What did he really say? Mnuchin said that a cheaper dollar increases export demand. And he is right. Mnuchin claimed that the US wants fair economic competition and reciprocal trade. Tax cuts make the US more attractive for investments. He believes that where the dollar is in short-term reflects a very liquid market, but the long-term level will support the strength of the economy. However, despite positive comments about the US policy, the market reacted to the confirmation of dollar weakness and the dollar fell losing 0.8% against the Euro. But we cannot say that Mnuchin’s words were crucial for the USD. We should not forget that overseas economic growth and shifting perceptions of monetary policy have been causing the dollar weakness as well. So the fall was expected but maybe not at such rate. Summing up the Secretary’s statement, we can suppose that the US will not act to strengthen the dollar now. However, it is important to remember that depreciation adds pressure on inflation. So the Fed will have to take it under control. But if inflation rises, the Fed will have to tighten its monetary policy and it will change the US dollar rate. More:https://fbs.com/analytics/articles/why-the-dollar-fell-so-low-6459?utm_source=forum&utm_medium=affiliate&utm_campaign=EN_English&utm_content=Riki_Analytics Link to comment Share on other sites More sharing options...
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