riki143 Posted February 2, 2018 Author Report Share Posted February 2, 2018 EUR/GBP: BULLS RETREAT, BUT DONโT GIVE UP 07:42 02.02.2018 Recommendation: SELL 0.8875 SL 0.893 TP1 0.8775 TP2 0.8715 TP3 0.869 On the daily chart of EUR/GBP, bears failed with their attack on the support of the lower border of the medium-term consolidation range of 0.8690-0.9015. Sellers retain hopes for a break and formation of the AB=CD pattern. On H1, a break above resistance levels at 0.8780 and 0.8810 will increase the risks of triggering Gartley pattern with a target at 78.6% of the wave XA. From this area (0.8870-0.8880), there is a high possibility of aggressive selling by large players. More:https://goo.gl/fNM6YC Link to comment Share on other sites More sharing options...
riki143 Posted February 2, 2018 Author Report Share Posted February 2, 2018 EUR/USD Daily Analytics 10:32 02.02.2018 The main trend is still bullish. It's likely that the market is going to reach the next resistance at 1.2537 - 1.2569 in the short term. If a pullback from this area happens little later on, there'll be a moment to have a decline towards the nearest support at 1.2456 - 1.2384. The pair is consolidating between the levels 1.2537 - 1.2493. The main intraday target is the 34 Moving Average, which could be a departure point for another upward price movement in the direction of the next resistance at 1.2537 - 1.2569. More:https://fbs.com/analytics/articles/eur-usd-main-trend-still-bullish-6613?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 February 2, 2018 Author Report Share Posted February 2, 2018 GBP/USD Daily Analytics 10:35 02.02.2018 The price is still rising above the Moving Averages. The main intraday target is the next resistance at 1.4344. If a pullback from this level happens afterwards, bears will probably try to test the closest support at 1.4206 - 1.4129. Bulls faced with resistance at 1.4284, so the market is going to test the 89 Moving Average. This line could be a departure point for an upward price movement towards the next resistance at 1.4327 - 1.4344. More:https://fbs.com/analytics/articles/gbp-usd-price-rising-above-moving-averages-6614?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 February 2, 2018 Author Report Share Posted February 2, 2018 ๐ฅ US Employment Data. ๐ฅ The US usually releases labour market data on the first Friday of a month. This time this tradition wonโt change. America will publish Nonfarm Payrolls (NFP), unemployment rate and average earnings at 15:30 MT time on February 2.ย Take into consideration two more important indicators about US labour market: 1โฃ ย Unemployment Rate. 2โฃ ย Average Hourly Earnings. This may be a great chance to trade the greenback as the currency will likely move with great swings. Traders will buy on strong data from the US and sell if American figures disappoint. FolloW these events on the FBS Economic Calendar https://goo.gl/MyaEL7 Link to comment Share on other sites More sharing options...
riki143 Posted February 2, 2018 Author Report Share Posted February 2, 2018 ๐ฅFBS Pro Contest - Make sure you are in to win MONEY prizes! Participate in next FBS Pro; trade on a demo account and win money prizes! Simple easy steps, Zero-Risk trading :ย ๐ป ูRegister your Demo Account until: 05 Feb 2018 ๐ Recieve a $10.000 demo account with leverage 1:100 ๐ฐ The 5 best traders will get cash prizes of $1000 โ This contest will take place from 05 Feb 2018 to 16 Feb 2018 Join the challange NOW ๐https://goo.gl/ky1N1X Link to comment Share on other sites More sharing options...
riki143 Posted February 2, 2018 Author Report Share Posted February 2, 2018 ANY CHANCES TO FORECAST NFP? 11:15 02.02.2018 Today the US Bureau of Labor Statistics will release the Nonfarm Payrolls at 15:30 MT time. Nonfarm Payrolls count the change in the number of employed during the previous month. The data is important because it displays consumer spending and economic health. The advantage of the indicator is that it is delivered shortly after the month ends. It is announced together with two other indicators such as Average hourly earnings and Unemployment rate. Nowadays, we can notice that the indicator is not as important as it was before. During the financial crisis, numbers of it were highly taken into consideration because of its main function as a measure of the economic health. However, now the economy is quite firm, it does not require additional supportive indicators. But still, the data support interest rates hikes. This year the Fed is expected to increase interest rates three times. So a market follows changes in the labor market. A tighter market causes wages rise. Wages increase will boost the interest rates. Although it is almost impossible to forecast Nonfarm Payrolls data, analysts do not give up. This time, analysts are divided into two camps. For example, analysts of Nomura and Goldman Sachs predict 205K rise. On the other hand, Hongkong and Shanghai Banking Corporation makes its prediction based on the temperature. It claimed that the drop in average temperatures across the country may cause the fall of job creation for the month. So its expectations are at the level of 170K. The Australian Bank Westpac agrees with HSBC, maybe the reason for the number is different, but the number is the same. Toronto-Dominion Securities is not far from them, it is looking for 175K. Making a conclusion, we can say that despite the fact that the Nonfarm Payrolls data is not used as much as it was during the financial crisis, it is still a crucial indicator, for the Fed policy especially. Its volatility is still incredible, that creates difficulties for forecasts. October data of -33K was followed by 261K in November, the data delivered in December was quite similar to previous one, but the next one was in 80K less. However, the data is still taken into consideration and always supported by two other indicators that smooth its volatility. More: https://fbs.com/analytics/articles/any-chances-to-forecast-nfp-6615?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 February 2, 2018 Author Report Share Posted February 2, 2018 EUR/USD Daily Analytics 13:07 02.02.2018 The market has been rising since a "Tweezers" model formed on the 34 Moving Average. There's no any reversal pattern so far, which means the market is likely going to test the nearest resistance area in the short term. There's a bullish "Hammer", which has been formed at the last local low. So, the price is likely going to continue moving up in the coming hours. More:https://fbs.com/analytics/articles/eur-usd-tweezers-on-34-moving-average-6616?utm_source=forum&utm_medium=affiliate&utm_campaign=EN_English&utm_content=Riki_Analytics ย Link to comment Share on other sites More sharing options...
riki143 Posted February 2, 2018 Author Report Share Posted February 2, 2018 USD/JPY Daily analytics 13:11 02.02.2018 The price has reached the upper "Window", but there's still no any reversal pattern. So, the pair is likely going to test the 55 Moving Average, which could be a departure point for a downward correction. We've got a bullish "Three Methods" pattern, which has been confirmed. In this case, the pair is likely going to achieve the upper "Window" in the coming hours. More:https://fbs.com/analytics/articles/usd-jpy-bullish-three-methods-pattern-6617?utm_source=forum&utm_medium=affiliate&utm_campaign=EN_English&utm_content=Riki_Analytics Link to comment Share on other sites More sharing options...
pradegxs Posted February 2, 2018 Report Share Posted February 2, 2018 Thanks, but can I use your market analysis to trade on my Hotforex platform? Do you provide some concrete recommendations based on your stuff? Link to comment Share on other sites More sharing options...
riki143 Posted February 5, 2018 Author Report Share Posted February 5, 2018 EUR/USD Daily Analytics 06:05 05.02.2018 Technical levels: support โ 1.2425; resistance โ 1.2530. Trade recommendations: Buy โ 1.2450/60; SL โ 1.2430; TP1 โ 1.2530; TP2 โ 1.2590 Reason: bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is supported by Cloud again and may continue an uptrend. More:https://fbs.com/analytics/articles/eur-usd-on-support-of-cloud-6637?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 February 5, 2018 Author Report Share Posted February 5, 2018 GBP/USD Daily Analytics 06:06 05.02.2018 Technical levels: support โ 1.4080; resistance โ 1.4180, 1.4250. Trade recommendations: Buy โ 1.4130; SL โ 1.4110; TP1 โ 1.4180; TP2 โ 1.4250. Reason: bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, but the narrowing channel Tenkan-Kijun; the prices returned into the cloudy area. More:https://fbs.com/analytics/articles/gbp-usd-uptrend-is-actual-yet-6638?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 February 5, 2018 Author Report Share Posted February 5, 2018 NZD/USD Daily Analytics 07:45 05.02.2018 Recommendations: SELL 0.7280 SL 0.7335 TP1 0.717 TP2 0.708 SELL 0.7330 SL 0.7385 TP1 0.723 TP2 0.717 TP3 0.708 On the daily chart NZD/USD, bullsโ inability to storm 88.6% resistance from a 4-5 wave meant their weakness. An exit of quotations out of an upward trading channel will strengthen risks of development of correction in the direction of 0.7170 and 0.7080. On the hour chart NZD/USD, pattern โBroadening wedgeโ is actual. A successful storm of support at 0.7280 or pullbacks with subsequent rebounds from resistances at 0.7310, 0.7330 and 0.7350 will create opportunities to form shorts. More:https://fbs.com/analytics/articles/nzd-usd-bears-are-armed-with-a-wedge-6642?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 February 5, 2018 Author Report Share Posted February 5, 2018 AUD/USD Daily Analytics 07:52 05.02.2018 Recommendations: BUY 0.7975 SL 0.7920 TP1 0.8075 TP2 0.8125 TP3 0.8215 On the daily chart AUD/USD, an exit of the pair out of an upward trading channel and a break of support at 88.6% and 78.6% from the last wave showed a return of initiative to bears. They met an important area of 0.7885-0.7895 convergence, a continuation of a southern campaign is impossible without breaking below it. ย On the hour chart, as the pair reached an intermediate target at 127.2% of the pattern โCrabโ, the odds of a pullback increased. An update of the February low will allow counting on a realization of 161.8% target. More:https://fbs.com/analytics/articles/aud-usd-bears-acted-right-off-the-bat-6643?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 February 5, 2018 Author Report Share Posted February 5, 2018 Itโs one of the BEST times of the year! Who does not love BIRTHDAYS and lots and lots of PRESENTS! ๐ค๐ค๐ค FBS celebrates 9 years of WORLD LEADERSHIP! Join us in the celebration and donโt forget your prize! ๐๐๐ Send your best birthdays wishes to FBS and get your prize in your personal areaย ๐All details are here๐ https://goo.gl/3SZoNC LETS PARTY!ย Link to comment Share on other sites More sharing options...
riki143 Posted February 5, 2018 Author Report Share Posted February 5, 2018 COMMODITY MARKET: TWO DIFFERENT VIEWS 12:26 05.02.2018 Nowadays, commodities market is a highly discussed issue. The US dollar and prices of commodities are highly correlated. The weakening dollar always supports the rise of the commodity market and emerging market assets. That is why the significant fall of the dollar caused disputes between experts about the future of commodities. The first group โguidedโ by DoubleLine CEO Jeffrey Gundlach is looking for the rise of the commodity market, expecting a weaker dollar at the same time J. Gundlach based his opinion on a comparison of total returns of the S&P Goldman Sachs Commodity Index with the S&P 500 over the last several decades. So he concluded that there are points where commodities outperformed stocks, it led to a sharp increase in stocks, and vice versa. Now the S&P GSCI Total Return Index-to-S&P 500 Index ratio is at its lowest point, so it means that we will see a super rise of commodities this year. Together with Jeffrey Gundlach, analysts at Goldman Sachs are calling for rising position for the next 12 months. Bank of America Merrill Lynch has raised the a-tonne copper price forecast from $7.140 to $7.700. Bloomberg Intelligence commodity strategists compare prospects of commodity market to the bull market of 2002-08. Hedge fund managers believe in strong oil and are building long positions. These experts saw support of their decisions in rising prices of different commodities. For example, copper, palladium, platinum, and gold have grown in the last three months. The investment of assets reached the highest level in four years. Rising prices of crude oil helped analysts to form positive forecasts as well. However, not all of the analysts are so positive about the perspectives of the commodity market. Wells Fargo does not expect the continuation of the dollar fall, it considers the position of the dollar as neutral. The company denies the rise of the commodities prices, anticipating over-supply and range-bound prices at the commodity market for the next 10 years. To sum up, we can say that it is quite difficult to forecast the future of the commodities prices because none of the experts could give enough number of supportive arguments for their positions. The price of the US dollar is volatile now, so we cannot be absolutely sure how it will affect the commodity market. More:https://fbs.com/analytics/articles/commodity-market-two-different-views-6647?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 February 5, 2018 Author Report Share Posted February 5, 2018 IMPORTANT WEEK FOR GBP, AUD AND NZD // FOREX OUTLOOK FOR FEB. 5-9 11:03 05.02.2018 https://www.youtube.com/watch?v=dL-FAvrFBZw Last week the US dollar index managed to close at the positive territory for the first time since the start of December. USD rallied on Friday on upbeat US jobs data. American wages rose at the fastest pace since 2009. This fueled inflation expectations and made the market price in more rate hikes. As a result, this week the American currency has a chance to get a bit higher or at least to remain supported. USD/JPY returned from 108.30 up to 110.00. If it manages to overcome resistance at 110.45, it may recover to 200-day MA at 111.70. The advance of EUR/USD once again stopped at 1.2500. Support lies at 1.2350 and 1.2250. ย German political parties still didnโt manage to form a coalition. Yet, the regionโs economy is strong and there will be few events to disturb the euro. It might be a good idea to buy the euro in crosses like EUR/JPY, EUR/AUD, EUR/NZD and EUR/CAD. GBP/USD was rejected down from 1.4280. Apart from the strong US figures, the pair was hurt by weak data from Britainโs construction sector. At the same time, traders are afraid to act ahead of the Bank of Englandโs meeting. Thereโs a spinning top candle on the weekly chart โ a sign of the marketโs uncertainty. Governor Mark Carney sounded upbeat recently, and some analysts think that the BoE will raise interest rates in May. If the central bank confirms such expectations, GBP.USD will get to 1.4370/1.44. A disappointment will lead the pair down to 1.3975 and 1.3830. Apart from the BoE meeting on Thursday, the economic calendar for this week contains the meeting of the Reserve Bank of Australian on Tuesday and the New Zealandโs central bank on Wednesday. As for NZD/USD, it strengthened since the last RBNZ meeting, although the economic data became worse. The pair looks vulnerable for a decline to 0.7240 and 0.7190. More: https://goo.gl/CaaZBJ Link to comment Share on other sites More sharing options...
riki143 Posted February 5, 2018 Author Report Share Posted February 5, 2018 AUD/USD: BEARS ACTED RIGHT OFF THE BAT 07:52 05.02.2018 Recommendations: BUY 0.7975 SL 0.7920 TP1 0.8075 TP2 0.8125 TP3 0.8215 On the daily chart AUD/USD, an exit of the pair out of an upward trading channel and a break of support at 88.6% and 78.6% from the last wave showed a return of initiative to bears. They met an important area of 0.7885-0.7895 convergence, a continuation of a southern campaign is impossible without breaking below it. ย On the hour chart, as the pair reached an intermediate target at 127.2% of the pattern โCrabโ, the odds of a pullback increased. An update of the February low will allow counting on a realization of 161.8% target. More:https://goo.gl/pUrCz9 Link to comment Share on other sites More sharing options...
riki143 Posted February 5, 2018 Author Report Share Posted February 5, 2018 FBS Video Lessons ๐ฅ In this video Tutorial about the SPREAD. BID AND ASK PRICE.ย The price we pay to buy the pair is called Ask. It is always slightly above the market price. The price, at which we sell the pair on Forex, is called Bid. It is always slightly below the market price. The difference between these two prices is called spread. Learn more ๐https://goo.gl/a6PZnD Do not forget to chose your language from the video's subtitles :)ย Link to comment Share on other sites More sharing options...
riki143 Posted February 5, 2018 Author Report Share Posted February 5, 2018 WHAT IS THE CHANCE THAT THE RBA WILL CHANGE INTEREST RATES? 14:57 05.02.2018 On Tuesday, February 6 at 5:30 MT time, the Reserve Bank of Australia will announce interest rates for the first time this year after the break in January. Experts do not expect any changes this time. If we look at statistics, the RBA had not changed interest rates since September 2016. Despite the fact that the economic growth of Australia is firm and the labor market has improved, inflation data does not give reasons to the RBA to change the interest rates. In the fourth quarter CPI rose less than anticipated by 0.1 percentage points and still it is lower than RBAโs 2-3% target. The Australian dollar is quite volatile now. On the daily chart AUD/USD, we can see that moving inside the upward trend, Aussie achieved its highest point at 0.8135 since May 2015. After that, it started falling, when received the support at 38.2 Fibonacci retracements and changed its direction again. Although the RBA is not going to raise the interest rates this time, experts expect upbeat comments. It supports the Aussie. Traders should take into account that Aussie will be volatile on Tuesday because several important figures will be announced. ย Retail sales and trade balance will be published before interest rates at 2:30 MT time. Also, on Friday, February 9 at 2:30 MT time, the RBA will give a more detailed economic outlook, delivering Monetary Policy Statement. Making a conclusion, we can say that although the RBA had not been changing interest rates for a long time, and is not anticipated to do it tomorrow, analysts expect it this year for sure. The growth of the economy and inflation that is supported by the labor market and rising demand for commodities can lead to the increase of interest rates. More:https://fbs.com/analytics/articles/what-is-the-chance-that-the-rba-will-change-interest-rates-6650?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 February 5, 2018 Author Report Share Posted February 5, 2018 ๐ Who is real forex guru & where to find him? Forex world is full of people calling themselves Financial Guru. But how do you distinguish real ones from scammers? Find out in our guide ๐ https://goo.gl/BVw7WF Link to comment Share on other sites More sharing options...
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