riki143

EUR/USD Daily Analytics 09:45 22.12.2017 There's a "Double Top" pattern, so the price was declining, but the 34 Moving Average acted as support. Therefore, we've got a bullish "Thorn" pattern. In this case, we should keep an eye on the nearest resistance at 1.1902 as an intraday target. The 89 Moving Average has acted as support, so there's a "Thorn" pattern. However, a "V-Top" was formed afterwards, so the pair is likely going to test the closest support at 1.1833, which could be a departure point for an upward price movement. More: https://fbs.com/analytics/articles/eur-usd-thorn-pattern-5893

EUR/GBP Daily Analytics 07:43 22.12.2017 Recommendation: BUY 0.889 SL 0.8835 TP1 0.8980 TP2 0.9020 TP3 0.9070 On the daily chart, EUR/GBP is consolidating within a bullish channel. A break of its lower border near 0.8740 will increase the risks of the pair going to 200% target of AB=CD. On the other hand, bears’ inability to let the pair below the diagonal support will allow bulls to resume the uptrend. On H1, EUR/GBP keeps forming the “Head and shoulders”. To continue the rally, the pair needs to break above resistance at 0.8890. More: https://fbs.com/analytics/articles/eur-gbp-bulls-grip-a-straw-5888

EUR/USD Daily Analytics 07:29 22.12.2017 Recommendation: SELL 1.1815 SL 1.187 TP1 1.1715 TP2 1.167 TP3 1.16 On the daily chart, EUR/USD created grounds for the realization of the |Head and shoulders” pattern. The necessary conditions include a break of support at 1.1805-1.1820 with the following exit of the pair outside of the uptrend channel. On the other hand, renewal of last high above 1.19 will increase the risks of the rally’s continuation. On H1, EUR/USD the exit of the pair outside of the uptrend channel will create grounds for triggering AB=CD pattern. Its 127.2% target is near 1.1670. More: https://fbs.com/analytics/articles/eur-usd-things-are-not-good-for-the-euro-5887

USD/JPY Daily Analytics 06:18 22.12.2017 Technical levels: support – 113.00; resistance – 113.60. Trade recommendations: Buy — 113.00; SL — 112.80; TP1 — 113.60; TP2 — 114.00. Reason: expanding bulllish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen; the prices are tested the main resistance and returned to support of Tenkan-sen. More: https://fbs.com/analytics/articles/usd-jpy-dollar-in-correction-5886

AUD/USD Daily Analytics 06:17 22.12.2017 Technical levels: support – 0.7680; resistance – 0.7760 Trade recommendations: Buy — 0.7700; SL — 0.7680; TP1 — 0.7760; TP2 — 0.7790. Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A and B; a new golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices are breaking out the resistance of 0.7680 and may go higher. More: https://fbs.com/analytics/articles/aud-usd-aussie-will-continue-uptrend-5885

EUR/USD Daily Analytics 15:28 21.12.2017 There's a developing ending diagonal in wave 5, so we're likely going to have a zigzag in wave [iii] in the short term. The main intraday target is +2/8 MM Level. The price has been rising since a pullback from 1/8 MM Level happens. It's likely that wave [4] ended, so we could have another bullish impulse in wave [5] of iii in the coming hours. In this case, we should keep an eye on 7/8 MM Level as the next target. More: https://fbs.com/analytics/articles/eur-usd-developing-ending-diagonal-5880

USD/JPY Daily Analytics 11:15 21.12.2017 There's a "Shooting Star", which has been formed at the last local high. However, this pattern doesn't have confirmation so far. Therefore, we could have just a local bearish correction towards the Moving Averages. We've got a bearish "High Wave", but confirmation of this pattern is a quite weak. So, we should keep an eye on the 89 Moving Average as the next intraday target. If a pullback from this line happens little later on, there'll be an opportunity to have another bullish price movement. More: https://fbs.com/analytics/articles/usd-jpy-bearish-high-wave-5877

EUR/USD Daily Analytics 11:12 21.12.2017 There's a bullish "Three Methods" pattern, which has been formed on the nearest "Window". So, the market is likely going to test the next "Window" in the short term. We've got a bullish "Hammer" pattern, which has been confirmed. In this case, it's likely that the pair is going to continue moving up in the direction of the upper "Window" in the coming hours. More: https://fbs.com/analytics/articles/eur-usd-bullish-hammer-pattern-5876

GBP/USD Daily Analytics 10:15 21.12.2017 The market is still consolidating along the Moving Averages. The main intraday target is the next resistance area at 1.3419 - 1.3445. At the same time, if a pullback from these levels takes place, there'll be an opportunity to have another decline in the direction of the nearest support at 1.3336 - 1.3300. There's a consolidation, which is happening under the Moving Averages. Therefore, the pair is likely going to test the closest resistance at 1.3408 - 1.3419. This area could be a departure point for a downward price movement towards the nearest support at 1.3336 - 1.3319. More: https://fbs.com/analytics/articles/gbp-usd-pair-going-to-test-closest-resistance-5875

EUR/USD Daily Analytics 10:12 21.12.2017 Bulls faced with resistance at 1.1919, so the price is consolidating. The main intraday is the next resistance at 1.1901 - 1.1919. If a pullback from this area happens, there'll be an opportunity to have a decline towards the closest support at 1.1859 - 1.1833. The price is consolidating between the levels 1.1871 - 1.1890. Also, there's a "Pennant" pattern, so it's likely that the pair is going to test the nearest resistance at 1.1914 - 1.1941. Meanwhile, if a pullback from this area happens little later on, bears will probably try to reach another support at 1.1848 - 1.1833. More: https://fbs.com/analytics/articles/eur-usd-pennant-pattern-5874

USD/JPY Daily Analytics 06:47 21.12.2017 Recommendations: BUY 113.65 SL 113.1 TP1 114.65 TP2 115.35 SELL 112.75 SL 113.3 TP 111.75 On the daily chart, USD/JPY bulls managed to conquer resistance at 113.00 and return initiative in their hands. As a result, the odds of reaching 113% target of the inverted junior “Shark” pattern increased. On H1, USD/JPY keeps correcting to the wave CD as the “Shark” pattern is transforming into 5-0. Return of the pair 50% and the following successful test of the diagonal support will increase the risk of decline. On the other hand, increase above 78.6% and 88.6% will allow bulls to continue the rally. More: https://fbs.com/analytics/articles/usd-jpy-bulls-go-north-5871

EUR/JPY Daily Analytics 06:40 21.12.2017 Recommendation: BUY 134.00 SL 133.45 TP1 135 TP2 136 On the daily chart, EUR/JPY left the medium-term consolidation range 131.50-133.95 as it traded within “Spike and ledge” pattern. As a result, the pair resumed bullish trend and the chances of advance to 200% of AB=CD pattern increased. It’s situated near 136. On H1, EUR/JPY formed a “Widening wedge”. The fact that it went to point 5 means that bulls have total control. Pullbacks to supports may be used for forming long positions. More: https://fbs.com/analytics/articles/eur-jpy-bulls-got-free-5870

USD/JPY Daily Analytics 12:03 20.12.2017 The last "Hammer" pattern pushed the price higher. The main intraday target is the upper "Window". If a pullback from this level happens, there'll be an opportunity to have a decline. There's still no any reversal pattern on the one-hour chart. Meanwhile, it's likely to have a downward correction in the coming hours. At the same time, bulls will probably try to test the next resistance area afterwards. More: https://fbs.com/analytics/articles/usd-jpy-hammer-pushed-price-higher-5848

EUR/USD Daily analytics 12:01 20.12.2017 There's a "Shooting Star", which has been formed at the last local high. So, we're likely going to have a local bearish correction. However, if a pullback from the Moving Averages happens little later on, bulls will probably try to test the upper "Window". We've got a "Shooting Star", which hasn't been confirmed yet. Nevertheless, bears are likely going to test the lower "Window", which could be a departure point for another upward price movement. More: https://fbs.com/analytics/articles/eur-usd-shooting-star-pattern-5847

GBP/USD Daily Analytics 11:58 20.12.2017 The 89 Moving Average is acting as support, so the market is likely going to test the nearest resistance at 1.3454. If a pullback from this level happens, we could have a decline towards another support at 1.3369. The price is consolidating above the Moving Averages. The main intraday target is the next resistance at 1.3430 - 1.3447, which could be a departure point for a downward price movement in the direction of the 89 Moving Average. More: https://fbs.com/analytics/articles/gbp-usd-89-moving-average-acting-as-support-5846

EUR/USD Daily Analytics 11:55 20.12.2017 Bulls faced with resistance at 1.1859, so the price is consolidating. The main intraday target is the next resistance at 1.1875 - 1.1884. If a pullback from this area happens, we could have a bearish correction towards the nearest support at 1.1833 - 1.1811. The price has been consolidating since the downtrend was broken. It's likely that the pair is going to test the closest resistance at 1.1871 - 1.1890 in the short term. If a pullback from this area happens, there'll be an opportunity to have a downward correction. More: https://fbs.com/analytics/articles/eur-usd-price-consolidating-5845

GBP/USD Daily Analytics 07:59 20.12.2017 Technical levels: support – 1.3380; resistance – 1.3450. Trade recommendations: Buy — 1.3380; SL — 1.3360; TP1 — 1.3450; TP2 — 1.3500. Reason: narrow bearish Ichimoku Cloud with horizontal Senkou Span A and B; a weak dead cross of Tenkan-sen and Kijun-sen with narrowing channel of Tenkan-Kijun; the market in a positive area, on the strong support of Tenkan, Kijun and Senkou Span A. More: https://fbs.com/analytics/articles/gbp-usd-pound-is-ready-to-start-5840

EUR/USD Daily Analytics 07:57 20.12.2017 Technical levels: support – 1.1810; resistance – 1.1880. Trade recommendations: Buy — 1.1810; SL — 1.1790; TP1 — 1.1880; TP2 – 1.1920. Reason: narrowing bearish Ichimoku Cloud, rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen; the prices are tested the resistance of Senkou Span B and exit to the positive area. More: https://fbs.com/analytics/articles/eur-usd-euro-testing-ssb%E2%80%99s-resistance-5839

GBP/USD Daily Analytics 05:37 20.12.2017 Recommendation: BUY 1.3415 SL 1.3360 TP 1.3525 TP2 1.3585 TP3 1.3655 On the daily chart, GBP/USD bears for the third time tried to pull the pair below 1.3320 (upper border of the previous consolidation range). Formation of 2 inside bars points at the market’s uncertainty. A break of their highs around 1.3215-1.3420 will increase the odds of the pair’s advance. On H1, GBP/USD formed “Wolfe waves” pattern. A break of support at 1.3415 will trigger the “Butterfly” pattern and create grounds for a further rally. More: https://fbs.com/analytics/articles/gbp-usd-met-an-inside-bar-5833

USD/CHF Daily Analytics 05:12 20.12.2017 Recommendation: SELL 0.9775 SL 0.983 TP1 0.9675 TP2 0.964 BUY 0.9925 SL 0.987 TP1 1.0025 TP2 1.0145 On the daily chart, USD/CHF bears managed to lower the pair below important support at 0.9880-0.9890. They are focused on testing the lower border of an uptrend channel. The presence of a triangle means that to continue the way down the pair has to go below support at 0.9775. On H1, to resume the rally bulls have to form a double bottom and then return the pair inside the uptrend channel. More: https://fbs.com/analytics/articles/usd-chf-bears-are-confused-by-a-triangle-5831

USD/JPY Daily Analytics 12:20 19.12.2017 There's a bullish "Hammer", which has been confirmed. So, if a pullback from the lower "Window" happens little later on, there'll be an opportunity to have an intraday upward price movement. The price is consolidating inside the "Window". Also, we've got a bullish "High Wave", so the price is likely going to test the last high. If a pullback from this level happens, there'll be an option to have another decline. More: https://fbs.com/analytics/articles/usd-jpy-bullish-hammer-5812

EUR/USD Daily Aalytics 12:16 19.12.2017 The last "Piercing Line" pushed the price higher. All the Moving Averages have been broken, so the market is likely going to test the nearest resistance area, which could be a departure point for another decline. There's resistance by the upper "Window", so we've got a bearish "Doji". Therefore, the price is likely going to test the Moving Averages during the day. If a pullback from these lines happens, bulls will probably try to test the last high. More: https://fbs.com/analytics/articles/eur-usd-bearish-doji-5811

GBP/USD Daily Analytics 12:13 19.12.2017 There's a "Thorn" pattern, which has been formed under the 34 Moving Average. The main intraday target is the closest resistance at 1.3408 - 1.3454, which could be a departure point for another decline. We've got a "Thorn" pattern, so the price is rising. Meanwhile, if a pullback from the nearest resistance at 1.3430 - 1.3447 happens, there'll be an opportunity to have a decline towards the closest support at 1.3360 - 1.3336. More: https://fbs.com/analytics/articles/gbp-usd-thorn-pattern-5810

EUR/USD Daily Analytics 12:11 19.12.2017 There's a "V-Bottom", so the price is rising. The main intraday target is the next resistance at 1.1833 - 1.1847. If a pullback from this area happens, there'll be an opportunity to have a decline towards the next support at 1.1772 - 1.1756. The Moving Averages have acted as support, so there's an upward price movement, which is taking place on the one-hour chart. It's likely that bulls are going to test the closest support at 1.3369 - 1.3336. More: https://fbs.com/analytics/articles/eur-usd-moving-averages-acted-as-support-5809

BANK OF CANADA EXPECT HIGHER RATES OVER TIME 10:00 19.12.2017 The Bank of Canada left monetary unchanged at its meeting in December 2017. At the same time, the regulator allows the possibility of rate hikes at the beginning of 2018. Bank of Canada Governor Stephen Poloz gave some hawkish comments in his recent speech. According to him, growth is seen to continue above potential, posing an upside risk to the inflation forecast. He also described the current monetary policy as “quite stimulative”. Such comments inspired expectations that further monetary policy tightening in Canada will come relatively soon. The probability of a rate hike in January is now estimated by 35%. According to the Organization for Economic Cooperation and Development (OECD), Canada’s growth rate will lead the G7 industrialized democracies this year at 3% before sliding to 2.1% in 2018. The nation’s economy was boosted by a heated housing market and increasing indebtedness of households. It seems to have some strong foundations: strong domestic demand, improving business activity and high employment. Canadian inflation stays below the target level. Yet, the Bank of Canada seems to think that this may be explained by the impact of temporary factors, such as persistent excess capacity in the economy. As energy prices turn up, inflation will start doing so as well. However, future economic dynamics is not without risks. Household debt reached 171.1% of income in the third quarter. The main one is the potential end of the North American Free Trade Agreement (NAFTA). The US has threatened to pull out of it unless Canada and Mexico agree to major concessions. If it happens, the Canadian dollar would greatly suffer, as 75% of Canadian export goes to the United States. In addition, tighter mortgage rules will start acting in January and it’s yet to be seen how the economy reacts to the two rate hikes of 2017. “Given the unusual factors at play, the bank is monitoring these risks in real time – the term we use for this is data dependent – rather than taking a mechanical approach to policy setting,” Poloz said. It was a volatile year for USD/CAD. The pair initially strengthened to almost 1.3800 in April, but then fell to 1.2060 in September. In the final months of 2017, the Canadian dollar has once again been weakening, so USD/CAD managed to rise to 1.2800. More: https://fbs.com/analytics/articles/bank-of-canada-expect-higher-rates-over-time-5807