riki143 Posted February 22, 2018 Author Share Posted February 22, 2018 USD/JPY Daily Analytics 11:55 22.02.2018 The upper "Window" acted as resistance, so there's an "Engulfing" pattern. In this case, we're likely going to have a bearish correction in the short term. Nevertheless, bulls will probably try to test the "Window" once again afterwards. The price has reached the 55 Moving Average, but there's still no any reversal pattern. So, the pair is likely going to continue moving down in the coming hours in the direction of the next support area. More:https://goo.gl/rh1Tk2 Link to comment Share on other sites More sharing options...
riki143 Posted February 22, 2018 Author Share Posted February 22, 2018 USD/JPY: "WINDOW" ACTED AS RESISTANCE 11:55 22.02.2018 The upper "Window" acted as resistance, so there's an "Engulfing" pattern. In this case, we're likely going to have a bearish correction in the short term. Nevertheless, bulls will probably try to test the "Window" once again afterwards. The price has reached the 55 Moving Average, but there's still no any reversal pattern. So, the pair is likely going to continue moving down in the coming hours in the direction of the next support area. More:https://goo.gl/fVFviV Link to comment Share on other sites More sharing options...
riki143 Posted February 22, 2018 Author Share Posted February 22, 2018 EUR/USD: BULLISH "HARAMI" 11:47 22.02.2018 There's a bullish "Hammer", which hasn't been confirmed yet. Therefore, the price is likely going to test the 55 Moving Average, which could act as resistance. If so, there'll be an opportunity to have another decline. We've got a bullish "Harami" at the last low, but confirmation of this pattern isn't enough. So, we could have just a local upward correction towards the Moving Averages in the short term. More:https://goo.gl/pvLouW Link to comment Share on other sites More sharing options...
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riki143 Posted February 23, 2018 Author Share Posted February 23, 2018 GBP/USD Daily Analytics 06:02 23.02.2018 Technical levels: support – 1.3870; resistance – 1.3970. Trade recommendations: Sell — 1.3930; SL — 1.3950; TP1 — 1.3870; TP2 — 1.3810. Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices are corrected to Kijun’s resistance and may continue the downtrend. More:https://goo.gl/nRiHD8 Link to comment Share on other sites More sharing options...
riki143 Posted February 23, 2018 Author Share Posted February 23, 2018 AUD/USD Daily Analytics 06:03 23.02.2018 Technical levels: support – 0.7770; resistance – 0.7840 Trade recommendations: Sell — 0.7820; SL — 0.7840; TP1 — 0.7770; TP2 — 0.7730. Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with the falling lines; the market had corrected to Tenkan-sen and ready to continue the main trend. More:https://goo.gl/7GNCM3 Link to comment Share on other sites More sharing options...
riki143 Posted February 23, 2018 Author Share Posted February 23, 2018 EUR/USD Daily Analytics 08:31 23.02.2018 Recommendations: SELL 1.2205 SL 1.226 TP1 1.2095 TP2 1.1965 On the daily chart EUR/USD, bulls are trying to return the pair within the upward channel. If they succeed, the pair will be able to continue rising as well as 161.8% and 224% targets of AB=CD patterns will be implemented. Vice versa, when fail, bears will be able to count on the activation of the “Broadening wedge” and “Double top” patterns. In this scenario, the possibility of the continuing correction in the direction of 1.2095 and 1.1965 is high. On H1 of EUR/USD, bears are going to break supports at 1.2235 and 1.2205. More:https://goo.gl/WudkZn Link to comment Share on other sites More sharing options...
riki143 Posted February 23, 2018 Author Share Posted February 23, 2018 EUR/GBP Daily Analytics 08:41 23.02.2018 Recommendations: SELL 0.8805 SL 0.886 TP1 0.874 TP2 0.8695 TP3 0.845 On the daily chart EUR/GBP, we see the continuation of the long-term consolidation in a range of 0.8695-0.9015 within the upward trend. The break of its bottom line will increase risks of 200% target’s implementation of the AB=CD pattern. To succeed, bulls have to hit the resistance at 0.8925. On H1 of EUR/GBP, successful tests of the upward channel’s bottom line and support at 0.8805 may lead to the continuation of the sharp decline in the direction of 88.6% and 200% targets of “Shark” and AB=CD patterns. More:https://goo.gl/9kdr3Z Link to comment Share on other sites More sharing options...
riki143 Posted February 23, 2018 Author Share Posted February 23, 2018 EUR/USD Daily Analytics 13:57 23.02.2018 The price is consolidating near the 55 Moving Average. The main intraday target is the nearest resistance at 1.2384. If a pullback from this level arrives little later on, there'll be a moment for another decline. All the Moving Averages have been broken, but there's a bullish "Thorn" pattern. Therefore, the pair is likely going to test the 89 Moving Average, which could be a departure point for a downward price movement. More:https://goo.gl/TFKp2Q Link to comment Share on other sites More sharing options...
riki143 Posted February 23, 2018 Author Share Posted February 23, 2018 GBP/USD Daily Analytics 13:59 23.02.2018 There's a "V-Bottom" pattern, so the market is likely going to reach the nearest resistance at 1.4011 - 1.4066. Meanwhile, if a pullback from this area happens, there'll be a moment for a decline towards the next support at 1.3915 - 1.3835. The last "Pennant" pattern pushed the price higher. So, it's likely that the pair is going to achieve the closest resistance at 1.4011 - 1.4048 in the coming hours. More:https://goo.gl/KRVhrf Link to comment Share on other sites More sharing options...
riki143 Posted February 23, 2018 Author Share Posted February 23, 2018 EUR/USD: LOWER "WINDOW" ACTED AS SUPPORT 14:02 23.02.2018 There's a bullish "Hammer", which has been confirmed enough. In this case, the market is likely going to test the 34 Moving Average, which could be a departure point for a decline. The lower "Window" has acted as support, so there's a "Hammer". However, confirmation of this pattern has been canceled by the last bearish "Harami". So, the market is likely going to test the "Window" once again. More:https://goo.gl/2qiL3X Link to comment Share on other sites More sharing options...
riki143 Posted February 23, 2018 Author Share Posted February 23, 2018 USD/JPY 14:05 23.02.2018 We've got a bullish "Hammer", which hasn't been confirmed yet. So, the price is likely going to test the closest support once again. Nevertheless, bulls will probably try to reach the 55 Moving Average afterwards. All the Moving Averages are acting as resistance. Also, there's a confirmed bullish "Harami", so we could have a local decline. At the same time, there's an opportunity to have a new local high afterwards. More:https://goo.gl/7qYf4U Link to comment Share on other sites More sharing options...
riki143 Posted February 23, 2018 Author Share Posted February 23, 2018 HAS OIL STABILIZED? 15:41 23.02.2018 This week was quite unstable for the oil. A rise was followed by a fall and vice versa during the whole week. So let's look at the events that created such oil volatility. After the continuation of the last week rise, the oil was falling on Tuesday and Wednesday. The reasons were hidden in the recovering US dollar and anticipated growth of the US production. This week the greenback could find support. Fed’s meeting minutes that strengthened the confidence of soon rate hikes supported the dollar even more. So the oil prices were traded near such lows as WTI - $61 a barrel, Brent - $65 a barrel. However, the anticipated rise of the US crude oil inventories was not proved. The data was unexpectedly low that led to the surge of the oil. So the prices appeared close to the highest in two weeks. The US crude stockpiles fell to 1.62 million barrels last week. It was the biggest fall in five weeks. The average forecast was at 2.2 million. But the data was mixed. The US exports reached 2 million barrels a day, the highest figure since October 2017. Net imports fell below 5 million barrels a day. It put pressure on the oil. During Friday the oil prices were volatile, but they could stabilize and go further. Stabilization of the oil is based on the significant support from the OPEC and Russia with their output cuts. According to tanker-tracker Oil Movements’ forecast, the exports are anticipated to decline by 300,000 barrels a day to March 10. Moreover, experts are talking about the prolongation of the cuts. According to the International Energy Agency the supply from North America, Brazil and Mexico can cover global demand growth for the next two years. So it will force OPEC and Russia to expand the cuts for longer than it is planned now (until the end of 2018). Making a conclusion, we can say that at the moment the prices have stabilized: WTI is traded near $63, Brent is near $66.40. OPEC and Russia still support the oil prices with its output cuts policy. However, the strength of the greenback is affecting the oil a lot. It is quite difficult to forecast prices because firstly, the greenback is not stable yet. This week stabilization of the dollar may be ruined next week. Secondly, the production of non-OPEC countries is growing, thus it can lead to the oversupply again. However, Saudi oil minister gave a positive forecast. He said that the oil market is rebalancing, and we can expect the continuation of inventories’ decline this year. So let’s see. More:https://goo.gl/nL9Vue Link to comment Share on other sites More sharing options...
riki143 Posted February 23, 2018 Author Share Posted February 23, 2018 USD/JPY: MOVING AVERAGES ACTING AS RESISTANCE 14:05 23.02.2018 We've got a bullish "Hammer", which hasn't been confirmed yet. So, the price is likely going to test the closest support once again. Nevertheless, bulls will probably try to reach the 55 Moving Average afterwards. All the Moving Averages are acting as resistance. Also, there's a confirmed bullish "Harami", so we could have a local decline. At the same time, there's an opportunity to have a new local high afterwards. More:https://goo.gl/gL3iMi Link to comment Share on other sites More sharing options...
riki143 Posted February 23, 2018 Author Share Posted February 23, 2018 FOREX Basics: Fibonacci tools Forex traders continuously use these useful indicators. You’d better know them very well since many analysts use these tools to identify support and resistance levels or to predict the potential scope of price movement. Read in our guidebook the different Fibonacci tools and learn how to use them in your trading 👉https://goo.gl/HeiJmb Link to comment Share on other sites More sharing options...
riki143 Posted February 23, 2018 Author Share Posted February 23, 2018 🎁 Time is passing fast - Get your present from FBS 🎁 FBS celebrates 9 years of world leadership in forex world! Send a birthday greeting and get a guaranteed gift!https://goo.gl/2Hecjm Link to comment Share on other sites More sharing options...
riki143 Posted February 26, 2018 Author Share Posted February 26, 2018 EUR/USD Daily Analytics 05:05 26.02.2018 Technical levels: support – 1.2300; resistance – 1.2380. Trade recommendations: Buy — 1.2300/10; SL — 1.2280; TP1 — 1.2380; TP2 — 1.2450 Sell — 1.2270; SL — 1.2300; TP1 — 1.2220; TP2 — 1.2180 Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, Tenkan-sen is horizontal; the market is on the strong support of 1.2300. More:https://goo.gl/bRbBFC Link to comment Share on other sites More sharing options...
riki143 Posted February 26, 2018 Author Share Posted February 26, 2018 GBP/USD Daily analytics 05:07 26.02.2018 Technical levels: support – 1.3960; resistance – 1.4010, 1.4050. Trade recommendations: Buy — 1.4000; SL — 1.3980; TP1 — 1.4050; TP2 — 1.4100. Sell — 1.3930; SL — 1.3950; TP1 — 1.3870; TP2 — 1.3810. Reason: bearish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen, but the narrowing channel of the lines; the prices are returned to the Cloud. More:https://goo.gl/BAKSkh Link to comment Share on other sites More sharing options...
riki143 Posted February 26, 2018 Author Share Posted February 26, 2018 NZD/USD Daily Analytics 08:11 26.02.2018 Recommendations: SELL 0.728 SL 0.7335 TP1 0.7205 TP2 0.717 BUY 0.743 SL 0.7375 TP1 0.753 TP2 0.763 On the daily chart NZD/USD, bulls should break the resistance at 0.743 to continue the rally. On the contrary, if quotations are out the uptrend channel, it will strengthen risks of a pullback. On H1, the pair reached targets of the “Broadening wedge” pattern. The break of the resistance at 0.7365 will activate the “Shark” pattern. This level is in the “dead zone”. A rebound from the bottom line of the uptrend channel will support a sale of Kiwi. More:https://goo.gl/YkVZR8 Link to comment Share on other sites More sharing options...
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