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GBP/USD: POUND CAN’T BREAKING SSB’S RESISTANCE 07:41 16.11.2017 Technical levels: support – 1.3110; resistance – 1.3180. Trade recommendations: Sell — 1.3100; SL — 1.3120; TP1 — 1.3050; TP2 — 1.3010. Buy — 1.3150; SL — 1.3130; TP1 — 1.3260; TP2 — 1.3300. Reason: narrowing bearish Ichimoku Cloud with rising Senkou Span A; a cancelled dead cross of Tenkan-sen and Kijun-sen; the prices are inside of a Cloud and under pressure of SSB’s resistance. More: https://fbs.com/analytics/articles/gbp-usd-pound-can%E2%80%99t-breaking-ssb%E2%80%99s-resistance-5117

EUR/USD Daily Analytics 07:40 16.11.2017 Technical levels: support – 1.1770; resistance – 1.1850. Trade recommendations: Buy — 1.1790; SL — 1.1770; TP1 — 1.1850; TP2 – 1.1880 Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising lines; the prices are made a new highs and corrected to the support of Tenkan-sen. More: https://fbs.com/analytics/articles/eur-usd-euro-made-new-highs-5116

EUR/JPY Daily Analytics 07:33 16.11.2017 Recommendation: BUY 133.65 SL 133.1 TP1 134.65 TP2 136 On the daily chart, EUR/JPY reached the targets of “Wolfe waves” pattern. A break of diagonal resistance at 2-4 increased risks of an uptrend’s resumption. To reach targets at 161.8% and 224% of AB=CD the pair should renew November high. On H1, EUR/JPY formed “Wolfe waves” and “Deep Shark”. Correction to 23.6%, 38.2% and 50% of the wave CD are usually used for forming long positions as the Shark is transforming into 5-0. More: https://fbs.com/analytics/articles/eur-jpy-euro-is-resuming-its-trend-5115

TRADING PLAN FOR NOVEMBER 16 14:23 15.11.2017 The US dollar index (DXY) declined below 93.50 on Wednesday. The USD was pressured by the decline of the US Treasury yields. American data came out mixed on Wednesday: there was a slight increase in core CPI growth rate, but wages remained soft. Next support for DXY lies at 93.05 (October 19 low). The US will release unemployment claims and Philly Fed manufacturing index at 15:30 MT time and industrial production at 04:15 MT time on Thursday. EUR/USD rose above 1.1800 for the first time in 3 weeks. Demand for the euro rose as investors resumed buying European equities and the region’s economic figures remain strong. Resistance is at October high of 1.1880 and 1.1910. GBP/USD is hesitating around 1.3170 after the release of the UK labor market figures. Wage growth exceeded forecast a bit, although the inactivity rate – a number of people not working or seeking job – rose by most in nearly 8 weeks. The release of retail sales on Thursday is the next important event in British economic calendar at 11:30 MT time. In addition, the market will await comments from the Bank of England’s governor Carney during the day. On the upside, the pair’s limited by resistance line from September highs at 1.3210. Support is in 1.3090 area (support line since February) ahead of 1.3000 (psychological level). AUD/USD fell as Australian wage price index disappointed. The Aussie found support at 0.7575 (long-term support line). Attempts to recover will face resistance at 0.7625 (previous support), 0.7650. On Thursday, Australia will release labor market figures at 02:30 MT time. More: https://fbs.com/analytics/articles/trading-plan-for-november-16-5103

EUR/USD Daily Analytics 14:21 15.11.2017 The market couldn't fixate below 8/8 MM Level, so there's developing wave 5 of ©. Previously, we had an extension in wave 3. Therefore, the last high is likely going to be broken soon. Wave 4 took the form of a zigzag, which led to the current upward price movement. The main intraday target for wave is 7/8 MM Level, which could be a departure point for wave [ii] of 5. More: https://fbs.com/analytics/articles/eur-usd-price-couldnt-fixate-below-8-8-mm-level-5102

USD/JPY Daily Analytics 12:39 15.11.2017 The lower "Window" has acted as support, but there isn't any bullish pattern so far. However, we could have a local upward correction, but bears are likely going to continue to push the price even lower afterwards. The price is still declining, but there's a bullish "Hammer" at the local low. Meanwhile, this pattern hasn't been confirmed yet, so there's an option to have just a local correction. Therefore, we're likely going to have another decline pretty soon. More: https://fbs.com/analytics/articles/usd-jpy-window-acted-as-support-5100

EUR/USD Daily Analytics 12:35 15.11.2017 There's a bullish "Three Methods" pattern, so the price is likely going to test the nearest resistance. If a pullback from this level happens little later on, there'll be an opportunity to have a bearish correction. We've got a bearish "Doji", which has been formed at the last local high. So, the lower "Window" is likely going to act as support in the coming hours. If a pullback from this level arrives afterwards, we could have another bullish rally. More: https://fbs.com/analytics/articles/eur-usd-bearish-doji-5099

GBP/USD Daily Analytics 09:08 15.11.2017 The price is consolidating near the 89 Moving Average. Also, there's a bullish "Thorn" pattern, so the market is likely going to test the next resistance at 1.3182 - 1.3238. If a pullback from these levels happens, we could have a decline towards the closest support at 1.3182 - 1.3150. The Moving Averages have acted as support, so there's a "V-Bottom" pattern. In this case, bulls are likely going to reach the nearest resistance at 1.3179 during the day. If we see a pullback from this level, there'll be time for downward correction. More: https://fbs.com/analytics/articles/gbp-usd-moving-averages-acted-as-support-5097

EUR/USD Daily Analytics 09:02 15.11.2017 Bulls faced with resistance at 1.1787, so the price is consolidating. The main intraday target is the next resistance at 1.1836. If a pullback from this level happens, we could have a bearish correction in the direction of the nearest support at 1.1787. There's a bullish "Flag" pattern, so the market is likely going to continue moving up towards the closest resistance at 1.1804 - 1.1836 during the day. However, if a pullback from these levels arrives little later on, there'll be an opportunity to have a downward correction towards the nearest support at 1.1804 - 1.1787. More: https://fbs.com/analytics/articles/eur-usd-bullish-flag-pattern-5096

GBP/USD Daily Analytics 06:54 15.11.2017 Recommendation: BUY 1.3295 SL 1.324 TP 1.3415 TP2 1.352 SELL 1.3045 SL 1.31 TP1 1.289 TP2 1.2715 On the daily chart, GBP/USD keeps consolidating in 1.3045-1.3320 range. A successful test of its lower border will open bears way down to 200% target of AB=CD. On the other hand, a rise above 1.3320 will increase the risks of uptrend’s resumption. On H1, there’s the senior widening wedge pattern. Taking into account increased volatility in November and formation of the junior pattern, play it on the breaks of resistance at 1.3295 and support at 1.3045. More: https://fbs.com/analytics/articles/gbp-usd-got-confused-in-wedges-5091

USD/CHF Daily Analytics 06:42 15.11.2017 Recommendation: BUY 0.9985 SL 0.993 TP1 1.0085 TP2 1.0145 On the daily chart, USD/CHF is getting outside of the trade channel. This increases the odds of correction. If bears manage to pull the pair below support at 0.9890 and fix below it, chances of continuation of the pullback to 0.9775-0.9800 will increase. On H1, return to the middle of the previous consolidation range of 0.9940-1.0035 will trigger “Shakeout-Fakeout” and be a signal for opening longs. There we also find the lower border of an uptrend channel. More: https://fbs.com/analytics/articles/usd-chf-bears-practice-deceit-5090

USD/JPY Daily Analytics 15:00 14.11.2017 The upper "Window" acted as resistance, so there's a "Shooting Star" pattern, which hasn't been confirmed yet. In this case, we could have a bearish price movement in the short term. We've got bearish patterns such a "Harami" and a "Three Black Crows", which both have been confirmed. So, the market is likely going to continue falling down during the day. More: https://fbs.com/analytics/articles/usd-jpy-harami-and-three-black-crows-5078

EUR/USD Daily Analytics 14:57 14.11.2017 The price has broken all the Moving Averages, but there isn't any reversal pattern so far, cause all the last candles are bullish. So, if the 89 Moving Average acts as support, there'll be an opportunity to have another upward price movement. Bulls reached the "Window", but there isn't any reversal pattern for now. However, if any bearish pattern forms in the coming hours, we could have a downward correction. More: https://fbs.com/analytics/articles/eur-usd-bulls-reached-the-window-5077

GBP/USD Daily Analytics 09:23 14.11.2017 Technical levels: support – 1.3070; resistance – 1.3120. Trade recommendations: Sell — 1.3120; SL — 1.3140; TP1 — 1.3070; TP2 — 1.3010. Reason: bearish Ichimoku Cloud with horizontal lines Senkou Span A and B; a cancelled golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market in consolidation under the bottom border of the Cloud. More: https://fbs.com/analytics/articles/gbp-usd-pound-in-consolidation-under-cloud-5076

EUR/USD Daily Analytics 09:22 14.11.2017 Technical levels: support – 1.1660; resistance – 1.1725. Trade recommendations: Sell — 1.1725; SL — 1.1745; TP1 — 1.1660; TP2 – 1.1640 Reason: bearish Ichimoku Cloud, but rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising lines; the prices are inside a Cloud, but there is a strong resistance of Senkou Span B. More: https://fbs.com/analytics/articles/eur-usd-euro-will-test-senkou-span-b-5075

GBP/USD Daily Analytics 08:41 14.11.2017 Bears faced support at 1.3087, so there's a "V-Bottom" pattern, which pushed the price higher. Nevertheless, if the 34 Moving Average acts as resistance, there'll be an opportunity to have a decline towards the nearest support at 1.3087 - 1.3069. This area could be a departure point for another bullish price movement. There's a "V-Bottom" pattern, which led to the current upward price movement. The main intraday target is the nearest resistance at 1.3150. Meanwhile, if we have a pullback from this level, bears will have a green light to test the closest support at 1.3085 afterwards. More: https://fbs.com/analytics/articles/gbp-usd-v-bottom-pattern-5073

EUR/USD Daily Analytics 08:38 14.11.2017 The main trend is still bearish, but the price is consolidating. The 55 Moving Average is acting as resistance, so the pair is likely going to reach the nearest support at 1.1634 - 1.1615 in the short term. If a pullback from this levels happens little later on, we could have another upward price movement towards the next resistance at 1.1695 - 1.1724. There's a "Double Bottom" pattern, which has been formed above the 34 Moving Average, so the price is consolidating. The main intraday target is the closest resistance at 1.1689 - 1.1695. If we have a pullback from this area, bears will probably try to reach the 89 MA. More: https://fbs.com/analytics/articles/eur-usd-double-bottom-pattern-5072

USD/CAD Daily Analytics 07:43 14.11.2017 Recommendation: BUY 1.2830 SL 1.2775 TP1 1.2985 TP2 1.3075 On the daily chart, the inability of bears to let USD/CAD outside of the uptrend channel points at sellers’ weakness. Bulls managed to hold to 1.2717 and are able to go to 88.6% target of the “Shark” pattern. On H1, a break of the upper border of the downtrend channel increases the risks of triggering AB=CD pattern and reaching 127.2%, 161.8%, and 200% targets. However, at first, bulls need to push the pair above 1.2830. More: https://fbs.com/analytics/articles/usd-cad-bulls-launch-an-attack-5069

XAU/USD Daily Analytics 07:28 14.11.2017 Recommendations: SELL $1268 SL $1280 TP1 $1237 TP2 $1212 BUY $1287 SL $1275 TP $1310 TP2 $1321 On the daily chart, XAU/USD formed a triangle. A break of its upper border close to $1266 an ounce will return the price inside the downtrend channel and increase the odds of achieving 78.6% and 200% of Gartley and AB=CD. On the other hand, successful test of resistance at $1288 will revive hope for the uptrend’s resumption. On H1, XAU/USD formed a “Widening wedge”. Traders can bet on the break of $1268-1287 range. More: https://fbs.com/analytics/articles/xau-usd-the-triangle-will-be-a-judge-5068

USD/JPY Daily Analytics 11:16 13.11.2017 The 21 & 34 Moving Averages are acting as resistance, so there's a bearish "Harami" pattern, which has been confirmed enough. Therefore, the price is likely going to get support on the lower "Window" in the short term. The price has been consolidating under the Moving Averages. Also, there's a bearish "Tower", which has been confirmed by the last "Three Methods" pattern. So, the market is likely going to continue declining during the day. More: https://fbs.com/analytics/articles/usd-jpy-bearish-tower-5038

EUR/USD Daily Analytics 11:13 13.11.2017 The 55 Moving Average is acting as resistance, so we've got a "Shooting Star" on this line. However, confirmation of this pattern is a quite weak, so we could have just a local bearish correction. If a pullback from the nearest support happens little later on, there'll be an opportunity to have an upward price movement towards the 89 Moving Average. There's a bearish "Three Methods" pattern, which has been strongly confirmed. Also, there isn't any reversal pattern so far. In this case, the market is likely going to decline in the direction of the nearest support level, which could be a departure point for another bullish rally. More: https://fbs.com/analytics/articles/eur-usd-three-methods-pattern-5037

GBP/USD Daily Analytics 09:23 13.11.2017 The last "Thorn" pattern has been confirmed by the "Breakaway Gap". So, the market is likely going to test the nearest support area 1.3087 - 1.3069. If we see a pullback from these levels, we should keep an eye on the next resistance at 1.3150 - 1.3182 as an intraday target. There's a new "Breakaway Gap", which was formed this morning. The main bearish target is the next support area at 1.3080 - 1.3074, which could be a departure point for a bullish price movement in the direction of another resistance at 1.3182 - 1.3105. More: https://fbs.com/analytics/articles/gbp-usd-new-breakaway-gap-5036

EUR/USD Daily Analytics 09:20 13.11.2017 The 34 Moving Average has acted as resistance, so there's a "Thorn" pattern. In this case, we could have a decline towards the nearest support area at 1.1634 - 1.1615. If a pullback from this area happens, bulls will probably try to reach another resistance at 1.1668 - 1.1695. We've got a "Thorn" pattern, so the market is consolidating. It's likely that the pair is going to achieve the next support at 1.1615 in the coming hours. However, if a pullback from this level happens little later on, there'll be an opportunity to have an upward price movement towards the closest resistance at 1.1689 - 1.1695. More: https://fbs.com/analytics/articles/eur-usd-thorn-pattern-5035

USD/JPY: DOLLAR SUPPORTED BY SENKOU SPAN B 08:04 13.11.2017 Technical levels: support – 113.00; resistance – 113.60, 114.00. Trade recommendations: Buy — 113.50; SL — 113.30; TP1 — 114.00; TP2 — 114.40. Reason: bullish Ichimoku Cloud, but falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen; the prices are supported by Senkou Span B and may return to upper border of a Cloud. More: https://fbs.com/analytics/articles/usd-jpy-dollar-supported-by-senkou-span-b-5032

AUD/USD Daily Analytics 08:03 13.11.2017 Technical levels: support – 0.7640; resistance – 0.7670 Trade recommendations: Sell — 0.7630; SL — 0.7650; TP1 — 0.7570; TP2 — 0.7530. Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A and B; an irregular golden cross of Tenkan-sen and Kijun-sen, falling Kijun-sen; the prices returned into the negative area and may continue falling down. More: https://fbs.com/analytics/articles/aud-usd-aussie-may-continue-downtrend-5031