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USD/CHF Daily Analytics
08:47 08.02.2018
USD/CHF rising inside minor corrective wave (ii)
Next buy target - 0.9500
USD/CHF continues to rise inside the minor corrective wave (ii), which started earlier from the support zone lying between the key support level 0.9240 and the lower daily Bollinger Band. The active corrective wave (ii) belongs to the minor impulse wave 3 of the intermediate impulse wave (3) from the start of December. USD/CHF is expected to rise further toward the next buy target at the next resistance level 0.9500 (target price for the completion of wave (ii)).

H6Fbwls.png

More:
https://fbs.com/analytics/articles/usd-chf-rising-inside-minor-corrective-wave-ii-6704?utm_source=forum&utm_medium=affiliate&utm_campaign=EN_English&utm_content=Riki_Analytics

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EUR/USD Daily Analytics
08:48 08.02.2018
Technical levels: support – 1.2260, 1.2320; resistance – 1.2400.

Trade recommendations:

Buy — 1.2230/40; SL — 1.2210; TP1 — 1.2340; TP2 — 1.2370
Reason: bullish Ichimoku Cloud with falling Senkou Span A, but rising Senkou Span B; a dead cross of Tenkan-sen and Kijun-sen with falling lines; the prices are on the strong support of Senkou Span B.

1518079669-5974574d0f06c411e972e24d898d2

More:
https://fbs.com/analytics/articles/eur-usd-euro-testing-ssb%E2%80%99s-support-6705?utm_source=forum&utm_medium=affiliate&utm_campaign=EN_English&utm_content=Riki_Analytics

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CHF/JPY Daily Analytics
08:48 08.02.2018
CHF/JPY falling minor impulse wave 1
Next sell target - 115.00
 CHF/JPY continues to fall inside the minor impulse wave 1, which belongs to the intermediate impulse wave (C) from the start of February. The price earlier reversed down sharply from the powerful resistance zone lying between the major resistance level 118.50 (which also reversed the previous sharp uptrend in the middle of July) and the upper daily Bollinger Band.  CHF/JPY is expected to fall further toward the next sell target at the next support level 115.00 (target price for the completion of the active impulse wave 1).

H6FcdsU.png

More:
https://fbs.com/analytics/articles/chf-jpy-falling-minor-impulse-wave-1-6706?utm_source=forum&utm_medium=affiliate&utm_campaign=EN_English&utm_content=Riki_Analytics

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GBP/USD Daily Analytics
08:49 08.02.2018
Technical levels: support – 1.3850; resistance – 1.3950.

Trade recommendations:

Buy — 1.3900/20; SL — 1.3880; TP1 — 1.4050; TP2 — 1.4100.
Sell — 1.3880; SL — 1.3900; TP1 — 1.3750; TP2 — 1.3680.
Reason: narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen; the prices are on Senkou Span B’s support, but the Bears have a strength.

1518079769-5838ef800660551113de2aff99712

More:
https://fbs.com/analytics/articles/gbp-usd-pound-may-go-lower-6707?utm_source=forum&utm_medium=affiliate&utm_campaign=EN_English&utm_content=Riki_Analytics

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EUR/JPY Daily Analytics
09:10 08.02.2018
Recommendation:

SELL 133.80

SL 134.35

TP1 132.8 TP2 131.8 TP3 131.5

On the daily chart, EUR/JPY returned to the lower border of the medium-term uptrend channel. In case of its successful test, the risks of the pair’s decline to 88.6% of the “Shark” pattern will increase. On the other hand, a pullback will be in favor of the resumption of the long-term uptrend.  

1518080614-8afba167b3e7c15d0d5d28d0f3c7b

Renews February low, it will open the way down to 88.6% target of the “Shark” pattern at 131.50.

1518080651-cd38927ea0f956dcaeee884bec774

More:
https://fbs.com/analytics/articles/eur-jpy-was-attacked-by-japanese-sharks-6708?utm_source=forum&utm_medium=affiliate&utm_campaign=EN_English&utm_content=Riki_Analytics

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USD/JPY: YEN IS IN THE LIMBO
09:19 08.02.2018
Recommendation:

SELL 108.30 SL 108.85 TP 107.3 TP2 106.3 TP3 105.3

BUY 110.25 SL 109.7 TP 111.25 TP2 111.6 TP3 111.8

On the daily chart, USD/JPY formed an Inside bar. To continue the decline, bears need to pull the pair below support at 108.90 and 108.30. On the other hand, a break of resistance at 109.9-110.15 with the following triggering of the “Bat” pattern will increase the risks of a pullback.   

1518081503-3297c54597baddc0779dab87f7356

On H1, USD/JPY went outside of a triangle. This increases the odds of formation of the “Crab” pattern with the target at 161.8%. The condition needed to resume the downtrend is the decline below support at 108.90.

1518081520-1f50b4d918123f905c31c70a9dfda

More:
https://fbs.com/analytics/articles/usd-jpy-yen-is-in-the-limbo-6709?utm_source=forum&utm_medium=affiliate&utm_campaign=EN_English&utm_content=Riki_Analytics

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EUR/JPY Daily Analytics
09:10 08.02.2018
Recommendation:

SELL 133.80

SL 134.35

TP1 132.8 TP2 131.8 TP3 131.5

On the daily chart, EUR/JPY returned to the lower border of the medium-term uptrend channel. In case of its successful test, the risks of the pair’s decline to 88.6% of the “Shark” pattern will increase. On the other hand, a pullback will be in favor of the resumption of the long-term uptrend.  

1518080614-8afba167b3e7c15d0d5d28d0f3c7b

Renews February low, it will open the way down to 88.6% target of the “Shark” pattern at 131.50.

1518080651-cd38927ea0f956dcaeee884bec774

More:
https://fbs.com/analytics/articles/eur-jpy-was-attacked-by-japanese-sharks-6708?utm_source=forum&utm_medium=affiliate&utm_campaign=EN_English&utm_content=Riki_Analytics

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GBP/USD IS HEADING TOWARDS SUPPORT
11:22 08.02.2018
The price is testing the 89 Moving Average. The main intraday target is the nearest support at 1.3741. If a pullback from this level happens, we could have an upward price movement towards the 89 Moving Average.

1518088800-6b6ac7fb5725b6d3f30896e30fda2

There's a "Pennant" pattern, so the market is likely going to achieve the closest support at 1.3804 - 1.3741. However, if a pullback from this area is on the table, bulls will probably try to reach the next resistance at 1.3834 - 1.3895.

1518088779-69f31a5ad47f59ce0fbc714c6f884

More:
https://fbs.com/analytics/articles/gbp-usd-is-heading-towards-support-6714?utm_source=forum&utm_medium=affiliate&utm_campaign=EN_English&utm_content=Riki_Analytics

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EUR/USD Daily Analytics
11:51 08.02.2018
1518090150-f8ec69b48733f2cffe27bffbc2767

There's a bearish "Three Methods" pattern, which has been formed under the Moving Averages. So, the market is likely going to continue moving down in the short term.

1518090150-95ded07685fc9fd142b9238d7c0da

The upper "Window" has acted as resistance, so there's a "Shooting Star" pattern. In this case, the pair is likely going to test the nearest support area pretty soon.

More:
https://fbs.com/analytics/articles/eur-usd-bearish-three-methods-pattern-6717?utm_source=forum&utm_medium=affiliate&utm_campaign=EN_English&utm_content=Riki_Analytics
 

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USD/JPY Daily Analytics
11:55 08.02.2018
1518090150-b6ce189431f51de8505c057dd7d73

The price is testing the Moving Averages, but bulls are likely going to test the upper "Window" in the coming hours. If a pullback from this level happens afterwards, there'll be an opportunity to have another decline.

1518090150-d0aef7fc9b04e3d9cf051c733ce28

There's a bearish "Engulfing", but confirmation of this pattern isn't enough. So, the market is likely going to test the Moving Averages, which could be a departure point for a bullish price movement.

More:
https://fbs.com/analytics/articles/usd-jpy-price-testing-moving-averages-6718?utm_source=forum&utm_medium=affiliate&utm_campaign=EN_English&utm_content=Riki_Analytics

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EUR/USD: BEARISH "THREE METHODS" PATTERN
11:51 08.02.2018

Lj0fxBl.png

There's a bearish "Three Methods" pattern, which has been formed under the Moving Averages. So, the market is likely going to continue moving down in the short term.

SketZJI.png

The upper "Window" has acted as resistance, so there's a "Shooting Star" pattern. In this case, the pair is likely going to test the nearest support area pretty soon.

More:
https://goo.gl/9db6tA

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GBP/USD IS HEADING TOWARDS SUPPORT
11:22 08.02.2018

The price is testing the 89 Moving Average. The main intraday target is the nearest support at 1.3741. If a pullback from this level happens, we could have an upward price movement towards the 89 Moving Average.

aw4NWCX.png

There's a "Pennant" pattern, so the market is likely going to achieve the closest support at 1.3804 - 1.3741. However, if a pullback from this area is on the table, bulls will probably try to reach the next resistance at 1.3834 - 1.3895.

j5YNyn4.png

More:
https://goo.gl/TJxZ4j

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BOE MEETING 🏛

Every month the Bank of England announces the outcome of its meeting. In February, it will do so today February 8 at 14:00 MT time. As no changes in monetary policy are expected, the key will be the minutes containing votes of the Monetary Policy Committee’s members.
 
The system X-X-X shows how many members voted for a rate hike, how many – to cut the rate, and how many – to keep the rate hold. Comparing these three numbers with those of the previous minutes, we can make predictions about the future actions of the regulator. The last vote was in December and all members voted not to change the rate. Back then the pound’s reaction was muted. This time the central bank will also release its quarterly Inflation Report, so GBP can make big moves versus other currencies.

Follow this event on the Economic Calendar 👉https://goo.gl/WThCMq

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USD/JPY: THERE ISN'T ANY REVERSAL PATTERN
06:25 09.02.2018

G2TRTVU.png

The price is consolidating between two "Windows". Also, there's no any reversal pattern so far. Therefore, the pair is likely going to test the next support area.

TsLrjmv.png

There isn't any reversal pattern, cause all the last candles are bearish. So, the market is likely going to test. In this case, bears will probably try to achieve the nearest support area.

More:
https://goo.gl/zFnqWb

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EUR/USD Daily Analytics
05:58 09.02.2018
Technical levels: support – 1.2230; resistance – 1.2350, 1.2400.

Trade recommendations:

Buy — 1.2260; SL — 1.2240; TP1 — 1.2340; TP2 — 1.2400
Reason: narrow bullish Ichimoku Cloud, but raising Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices are supported by Senkou Span B and may bounce to Kijun-sen.

1518155869-5974574d0f06c411e972e24d898d2

More:
https://fbs.com/analytics/articles/eur-usd-euro-supported-by-ssb-6725?utm_source=forum&utm_medium=affiliate&utm_campaign=EN_English&utm_content=Riki_Analytics

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GBP/USD Daily Analytics
05:58 09.02.2018
Technical levels: support – 1.3900; resistance – 1.4050.

Trade recommendations:

Buy — 1.3940; SL — 1.3920; TP1 — 1.4050; TP2 — 1.4100.
Reason: narrow bullish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen, but narrowing channel; the prices are supported by Senkou Span B and returned inside a Cloud.

1518155869-5838ef800660551113de2aff99712

More:
https://fbs.com/analytics/articles/gbp-usd-pound-returned-inside-cloud-6726?utm_source=forum&utm_medium=affiliate&utm_campaign=EN_English&utm_content=Riki_Analytics

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EUR/USD Daily Analytics
06:13 09.02.2018

1518156651-ecbd5799cd4f5e27b581347abd38c

There's a "V-Bottom" pattern, but the price is consolidating. Also, there's a possible developing bearish pattern. In this case, the market is likely going to test the nearest support 1.2164.

1518156651-07f94159faa18d1c144107a15c247

Bears faced with support at 1.2222, so the price is likely going to reach the closest resistance at 1.2294. If a pullback from this level happens little later on, the market will probably test the next support at 1.2211 - 1.2194.

More:
https://fbs.com/analytics/articles/eur-usd-developing-bearish-pattern-6728?utm_source=forum&utm_medium=affiliate&utm_campaign=EN_English&utm_content=Riki_Analytics

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