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EURUSD Daily Analytics 12:59 17.01.2018 The main trend is still bullish, however there's a "V-Top" pattern, so the market is likely going to test the nearest support at 1.2225 - 1.2164. If a pullback from this area happens little later on, there'll be an opportunity to have another upward price movement. We've got a "V-Top", so there's a developing bearish correction. The main intraday target is the closest resistance at 1.2272 - 1.2296. This area could be a departure point for a decline in the direction of the 55 Moving Average. More: https://fbs.com/analytics/articles/eurusd-v-top-pattern-6293

AUD/USD Daily Analytics 08:13 17.01.2018 Technical levels: support – 0.7870; resistance – 0.8000 Trade recommendations: Sell — 0.7940; SL — 0.7960; TP1 — 0.7870; TP2 — 0.7840. Reason: bullish Ichimoku Cloud with rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen; but the market is overbought and under the strong resistance of 0.8000. More: https://fbs.com/analytics/articles/aud-usd-aussie-reached-main-target-6290

GBP/USD Daily Analytics 08:12 17.01.2018 Technical levels: support – 1.3680; resistance – 1.3830. Trade recommendations: Sell — 1.3760; SL — 1.3780; TP1 — 1.3690; TP2 — 1.3650. Reason: bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun. More: https://fbs.com/analytics/articles/gbp-usd-pound-entered-into-channel-tenkan-kijun-6289

USD/JPY Dalily Analytics 09:13 15.01.2018 There's no any reversal pattern so far because all the last candles are bearish. In this case, the pair is likely going to test the lower "Window" in the short term. The last bearish "Three Methods" pattern pushed the price lower. Also, there's no any bullish model, so the market is going to continue declining in the coming hours. More: https://fbs.com/analytics/articles/usd-jpy-no-any-reversal-pattern-so-far-6242

EURUSD ADaily Analytics 08:43 15.01.2018 The price has been rising since a triangle in wave 4 was formed. The main intraday target for wave 5 of © is 7/8 MM Level, which could be a departure point for a bearish correction. There's a developing upward impulse in wave 5. It's likely that wave [iii] is going to move on, so we should keep an eye on 5/8 MM Level as the next bullish target. More: https://fbs.com/analytics/articles/eurusd-triangle-in-wave-4-6241

NZD/USD Daily Analytics 08:38 15.01.2018 Recommendations: BUY 0.7165 SL 0.711 TP1 0.7265 TP2 0.739 BUY 0.7090 SL 0.7025 TP1 0.7190 TP2 0.7265 TP3 0.7390 On the daily chart, NZD/USD bulls managed to get above resistance at 0.7250-0.7265. Never the less, the fight for this important level continues. If the pair reaches 113% target of the “Shark” pattern, bears will be able to counterattack. On H1, NZD/USD bulls keep controlling the situation. Sustainable uptrend allows traders to buy on the pullbacks to 23.6%, 38.2% and 50% ?of the wave CD of the “Shark” pattern More: https://fbs.com/analytics/articles/nzd-usd-kiwi-is-storming-a-fortress-6240

USD/JPY Daily Analytics 07:55 15.01.2018 Technical levels: support – 110.40, 110.00; resistance – 111.00 Trade recommendations: Sell — 111.00; SL — 111.20; TP1 — 110.40; TP2 — 110.00. Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with falling lines; the prices reached new lows and the market is oversold. More: https://fbs.com/analytics/articles/usd-jpy-weakness-of-dollar-6239

GBP/USD Daily Analytics 07:54 15.01.2018 Technical levels: support – 1.3690; resistance – 1.3830, 1.3900. Trade recommendations: Sell — 1.3730; SL — 1.3750; TP1 — 1.3690. Buy — 1.3690; SL — 1.3670; TP1 — 1.3830; TP2 — 1.3900. Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A and B; a cancelled dead cross of Tenkan-sen and Kijun-sen with rising lines; the market is on new highs and overbought – expected a correction. More: https://fbs.com/analytics/articles/gbp-usd-pound-reached-new-highs-6238

GBP/USD Daily Analytics 03:44 15.01.2018 The main trend is still bullish. It's likely that the pair is going to test the next resistance at 1.3765 - 1.3834 in the short term. However, if a pullback from this area happens little later on, there'll be an opportunity to have a bearish correction towards the nearest support at 1.3635. The pair faced with resistance at 1.3765, so bears are likely going to test the closest support at 1.3692 - 1.3656 in the coming hours. Meanwhile, if a pullback from this area happens afterwards, we could have another upward price movement in the direction of the next resistance at 1.3765 - 1.3834. More: https://fbs.com/analytics/articles/gbp-usd-v-bottom-led-to-new-high-6231

EURUSD Daily Analytics 03:40 15.01.2018 The price went through an important resistance at 1.2080 - 1.2129, but bulls are likely going to test the next resistance at 1.2246. If a pullback from this level happens little later on, there'll be a moment to have a downward correction towards the nearest support at 1.2129 - 1.2080. Bulls faced with resistance at 1.2225, so there's time for a local bearish correction. The main intraday target is the closest support at 1.2164. This level could be a departure point for another upward price movement in the direction of the next resistance at 1.2225 - 1.2246. More: https://fbs.com/analytics/articles/eurusd-bulls-going-to-test-next-resistance-6229

EUR/NZD 19:16 14.01.2018 EUR/NZD has been trading in a bearish tone since January 3rd session, but so far it’s consolidating above the 200 SMA, at which is currently finding sellers. The 65% Fibonacci level could act as a resistance that help to strengthen the downward path for the short-term. If that happens, the pair could be on its way to test the -23.6% Fibo zone at 1.6400. RSI indicator is moving in the overbought territory. More: [url=https://fbs.com/analytics/articles/eur-nzd-under-selling-pressure-at-16830-6227]https://fbs.com/analytics/articles/eur-nzd-under-selling-pressure-at-16830-6227

BITCOIN (BTC/USD) 19:15 14.01.2018 Bitcoin continues to consolidate slightly above the psychological level of 13,000 since buyers remain active at the Fibonacci level of 23.6% at 12,852.85. This has allowed the bears to weaken in the current movement and the Parabolic SAR seems to be supporting the price action in the short term in favor of the bulls. During the weekend, the Russian finance minister proposed that the cryptocurrency trading is legalized once and for all, due to the wide popularity that this activity has gained in the country. It is interesting to note that companies with international remittances such as MoneyGram are implementing the XRP in their internal pilot program systems.Now bulls and bears are locked in a battle to guide the path of the BTC / USD pair in the short term, although the long-term view is still bullish. We say this because of the fact that cryptocurrency has still not moved significantly away from the 200-hour moving average, which supports the bullish price action for the time being. What do we expect? Our forecasts in the short term continue to put Bitcoin in a bearish trend that can be strengthened with the break of 12,852. This could allow our hypothesis raised in days ago to be fulfilled and the pair will reach the Fibonacci target of -23.6% in 8507.14. The RSI remains in negative territory, although it is entering a neutral zone More: https://fbs.com/analytics/articles/bitcoin-btc-usd-buyers-demand-around-12850-6226

USD/JPY Daily Analytics 12:08 12.01.2018 The price reached the "Window", but there isn't any reversal pattern so far. So, the price is likely going to continue moving down until any bullish pattern forms. We've got a bearish "Engulfing", which has been confirmed. In this case, the market is likely going to test the lower "Window" in the short term. More: https://fbs.com/analytics/articles/usd-jpy-price-reached-the-window-6214

EURUSD Daily Analytics 12:05 12.01.2018 The 55 Moving Average has acted as support, so the last "Doji" and "Hammer" patterns led to the current upward price movement. There's no any reversal pattern, so the price is likely going to continue moving up. There's a "Three Methods" pattern, so the price is rising. However, we could have a correction in the coming hours towards the nearest support area, which is likely going to be a departure point for another upward price movement. More: https://fbs.com/analytics/articles/eurusd-three-methods-pattern-6213

GBP/USD Daily Analytics 12:02 12.01.2018 The main trend is still bullish, so the last high is likely going to be broken soon. The main intraday target is the next resistance at 1.3612 - 1.3656. If a pullback from these levels happens little later on, bears will probably try to test the closest support at 1.3569 - 1.3549. All the Moving Averages have been broken, so the price is rising. It seems like bulls are going to reach the next resistance at 1.3612 - 1.3656 in the coming hours. However, if a pullback from this area is on the table, we could have a correction in the direction of the nearest support at 1.3584 - 1.3549. More: https://fbs.com/analytics/articles/gbp-usd-main-trend-still-bullish-6212

EURUSD Daily Analytics 11:57 12.01.2018 There's a "Triple Bottom" pattern, which has been confirmed, so we've got a new local high. The main intraday target is the next resistance at 1.2164. If a pullback from this level happens, there'll be a moment for a bearish correction towards the nearest support at 1.2129 - 1.2080. The price has been rising since a "Triple Bottom" formed. It's likely that bulls are going to test the closest resistance at 1.2164, which could be a departure point for a downward correction. More: https://fbs.com/analytics/articles/eurusd-triple-bottom-pattern-6211

THE WEEKLY REPORT: AUD/USD 10:02 12.01.2018 The Australian dollar is continuing to strengthen its position at the market. On Thursday 11 January 2018 it gained the highest level in three months. There were several reasons for such growth. First of all, the US dollar weakness during the week supported the Australian dollar. The Us dollar fell on Wednesday after the news about the willingness of China to stop purchasing US treasuries. The US dollar depreciated against all main currencies. Another important event is the report of Australia’s retail sales for November. The rise of total sales was the highest since January 2013. The news stabilized the current state of household finances. However, on Friday the Australian dollar started to lose positions a little bit because of the data that China released about its trade in December. According to the data, import increased much less than it was expected: 4,5% against 13,0%. This data affected demand perspectives in China – the biggest trade Australian partner. Because of this news the price of Aussie started to fall. Nevertheless, the fall was not too big and at the time of writing of this report the price started to rise again, it gave a reason to make a positive forecast about the future growth of the Australian currency. What can affect the rate next week is data about an unemployment rate and consumer inflation expectations on Wednesday 17 January in Australia. AUD/USD is trying to settle above the 200-week at 0.7850. A weekly close above this line, will strengthen positions of AUD buyers. Yet, looking on the daily chart we can’t say that there’s a strong bullish momentum: moving averages are horizontal. They will offer support for the pair at 0.7770 and 0.7700. The pair still has substantial resistance located at 0.7900 and 0.8000. More: https://fbs.com/analytics/articles/the-weekly-report-aud-usd-6210

EUR/GBP Daily Analytics 08:03 12.01.2018 Recommendation: SELL 0.8810 SL 0.8865 TP1 0.871 TP2 0.845 BUY 0.8925 SL 0.887 TP1 0.9015 TP2 0.907 On the daily chart, EUR/GBP keeps consolidating within “Spike and ledge” pattern. We will be able to speak about the uptrend’s resumption if the pair rises above resistance at 0.9015. On the other hand, a break of support at 0.8740 will increase of correction towards 200% target of AB=CD. On H1, EUR/GBP is making a retest in line with “Head and shoulders” pattern. We can’t exclude the possibility of a “Widening wedge”. More: https://fbs.com/analytics/articles/eur-gbp-is-in-the-corridor-6206

EUR/USD Daily Analytics 07:36 12.01.2018 Recommendation: BUY 1.2125 SL 1.2070 TP1 1.2240 TP2 1.2280 On the daily chart, EUR/USD is resuming the uptrend. If resistance at 1.2090-1.2115 doesn’t stop the bulls, the odds of the rally’s continuation to 1.2240-1.2280 will significantly increase. The nearest support is near 1.1995. On H1, EUR/USD may stop at the current levels, there may be a break towards 161.8% target of the “Crab” pattern and formation of the “Widening wedge”. Traders should be cautious. More: https://fbs.com/analytics/articles/eur-usd-bulls-want-more-6205

USD/JPY Daily Analytics 07:32 12.01.2018 Technical levels: support – 111.00; resistance – 112.00. Trade recommendations: Buy — 111.20/30; SL — 111.00; TP1 — 112.00. Reason: bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with falling lines; but the market is oversold and placed on the strong daily support. More: https://fbs.com/analytics/articles/usd-jpy-dollar-on-november%E2%80%99s-lows-6204

EUR/USD Daily Analytics 07:30 12.01.2018 Technical levels: support – 1.2000; resistance – 1.2070. Trade recommendations: Buy — 1.2000; SL — 1.1980; TP1 — 1.2070; TP2 — 1.2130 Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen with rising lines; the prices are breaking out SSA’s resistance. More: https://fbs.com/analytics/articles/eur-usd-euro-entered-into-positive-area-6203

CRUDE OIL IN 2018: IS IT REALLY A BULLISH TREND? 14:14 11.01.2018 Background Let’s look at the background of the price dynamics. The great fall of the oil price happened in 2014. It was caused by the increased oil production in the USA and Canada. American private companies started extracting oil from shale formations in North Dakota. At the same time, Canada started extracting from oil sands that are the world’s third-largest crude oil reserve. That local production caused the shortage of the oil demand from these countries, increased oil supply and led to the fall of the oil price. The important fact is that OPEC, the leader of the oil sphere, refused to cut its oil production letting prices fall. The dynamics you can see on charts below. Positive trend Changes began only in 2016 when OPEC and Russia agreed to shorten the oil extract. After that agreement prices started to increase slowly, not without falls, but the great fall never happened after anymore. As we can see from the charts, prices of both the major oil brands - Brent and WTI - are rising from September 2017. Now prices at the highest closing levels since December 2014. This trend gave a reason to analysts and economists to make positive predictions about the future of the prices. Nevertheless, it is important to take into account a lot of factors that had an impact on the price, especially at the end of December 2017: strikes in Iran, the explosion at a major oil pipeline in Libya, scandals in Saudi Arabia. All those events caused the rise of the prices, but there can be factors that can direct the trend in the opposite way in 2018. What can affect prices in 2018 However, nothing can be absolutely clear, there are factors that can affect the oil price in 2018. If only supply and demand remain nearly balanced, the price will rise. First of all, OPEC and Russia have to continue their cutting policy that has such a positive impact on the oil price. If only countries decide to change the policy and come back to the same amount of oil they extracted before, the price will fall again. Secondly, some economists suppose that the USA can continue extracting oil because of increasing price that can lead to the fall of price. Speculations are important fact as well. For example, Torbjorn Kjus, chief oil analyst at DNB Bank ASA, assumed that crude can soon see a speculator-driven slump because of a record number of bullish bets at the beginning of 2018. A lot of political events can affect oil price in 2018. For example, cutting of oil extracting in Venezuela, scandals in Saudi Arabia and an unstable political environment in Iran. Summing up all factors that can influence oil price in 2018, we can say that it is complicated to predict the price of crude oil in 2018. Some of the events can lead to the rise of the price, some of them to the fall. However, most of the economists agree on the price from $50 to $70 per barrel. oil More: https://fbs.com/analytics/articles/crude-oil-in-2018-is-it-really-a-bullish-trend-6192

THE UNCERTAINTY OF GOLD IN 2018 14:02 11.01.2018 According to the weekly chart, gold started 2018 with the highest price from the middle of September 2017 and according to the monthly chart, the highest January opening price since 2013. It gave a reason to a lot of economists and analysts to predict a rise of gold in 2018. Mostly, they consider the current policy and situation. For example, Commerzbank talks about the loose monetary policy of nearly all key Central Banks and political uncertainty, predicting the price of $1,325 an ounce in 2018. The thing is that the political uncertainty was related to the coming U.S. tax reform that was actual at that time, but uncertainties are already passed. However, the question of the price cannot be based just on the current events. The price depends on a lot of factors and especially on the dollar where the Federal Reserve System plays one of the main roles. Most of the economists, metal analysts take into account the Fed, they expect that actions of the Fed will lead to the strengthening of dollar and gold will lose its position. They suppose that gold will not be needed as a safe haven soon because of the stabilization of risks and tighter monetary policy. Based on this, a lot of economists predict the great fall of gold to $1,200 per ounce, that is really low comparing to the numbers it had at the beginning of the year. To conclude all of the above, the situation with gold in 2018 is unclear. It depends on a lot of factors. The key points that will affect the dollar and gold in pair with it are: how much time it will take for developed economies to normalize interest rates, what is the impact of the tax reform, when inflation will start to increase and to what extent the Fed will tighten its policy. More: https://fbs.com/analytics/articles/the-uncertainty-of-gold-in-2018-6190

EURUSD Daily Analytics 12:43 11.01.2018 There's a bearish "Harami", which has been formed at the last local high. Therefore, the pair is likely going to test the lower "Window" in the short term. We've got a bullish "Hammer", but this pattern hasn't been confirmed yet. So, it seems like we're going to have just a local correction towards the Moving Averages. More: https://fbs.com/analytics/articles/eurusd-bearish-harami-6188

USD/JPY Daily Analytics 12:39 11.01.2018 There's a bearish "Harami" pattern, which has been formed under the nearest resistance area. So, we should keep an eye on the closest support area as an intraday target. The last "Shooting Star" pattern has been confirmed, so the current bullish correction is likely over. In this case, there's an opportunity to have another decline in the direction of the lower "Window". More: https://fbs.com/analytics/articles/usd-jpy-bearish-harami-pattern-6187