official Market News & Trade recommendations by FBS.com

[riki143]

USD/JPY Daily Analytics
07:48 05.04.2018
Recommendations:

BUY 107.00

SL 106.45

TP1 107.85 TP2 108

On the daily chart of USD/JPY, after the pair reached the 127.2% target of the “AB=CD” pattern there is a correction to the downtrend. Bulls are trying to implement the “Wolfe waves” pattern and push the pair at least to the resistance at 108 (23.8% from the long-term bearish wave).

On H1, if the pair hits the resistance at 107, the “AB=CD” pattern with the 161.8% target will be implemented and odds of the rise to targets of “Shark” (113%) and “Wolfe waves” patterns will increase.

More:
https://tinyurl.com/y7rxwz96

[riki143]

AUD/USD Daily Analytics
07:05 06.04.2018
Technical levels: support – 0.7610, 0.7660; resistance – 0.7690

Trade recommendations:

Sell — 0.7650; SL — 0.7670; TP1 — 0.7580; TP2 — 0.7530.
Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, but the prices are had entered into the negative area.

More:
https://tinyurl.com/y966mvz7

[riki143]

USD/JPY Daily Analytics
07:07 06.04.2018
Technical levels: support – 106.80; resistance – 107.50.

Trade recommendations:

Sell — 107.50; SL — 107.70; TP1 — 106.80; TP2 — 106.30.
Reason: bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the market is overbought and under the strong daily resistance.

More:
https://tinyurl.com/y9gsed4f

[riki143]

EUR/USD Daily Analytics
07:30 06.04.2018
Recommendation:

SELL 1.2315 SL 1.237 TP1 1.2215 TP2 1.2095 TP3 1.205

SELL 1.2215 SL 1.227 TP1 1.2115 TP2 1.2095 TP3 1.205

On the daily chart of EUR/USD, bears made the first attempt to pull the pair below support at 1.2245. As a result, it formed the junior pattern “Widening wedge”. To continue the decline the pair has to fall below April minimum.

On H1, there’s a “Widening wedge”. Pullbacks to 23.8%, 38.2% and 50% as usually are used for selling with targets at 78.6% of the Gartley pattern. At the same time, advance above 1.2417 will increase the odds of uptrend’s resumption.

More:
https://tinyurl.com/y8y5lbwl

[riki143]

EUR/GBP Daily Analytics
07:40 06.04.2018
Recommendation:

SELL 0.8715

SL 0.8770

TP1 0.8615 TP2 0.8590

On the daily chart, EUR/GBP keeps forming a 5-0 pattern. After a pullback to 38.2% of the wave CD of the “Shark” pattern, the initiative returned to bears. At the moment, the inside bars are formed. They point at uncertainty.

On H1, EUR/GBP is consolidating in the 0.8715-0.8755 range. A break of its lower border will create grounds for a “Crab” pattern with a target of 161.8%. On the other hand, successful test of resistance at 0.8755 will increase the risks of a correction.

More:
https://tinyurl.com/ya5774hh

[Pavan Mahule]

Thank you for sharing such a good stuff with us. this is very informative.