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GBP/USD: BEARISH "PENNANT" 08:05 25.10.2017 The Moving Averages have acted as resistance, so there's a "Double Top" pattern, which led to the current consolidation. It's likely that the pair is going to achieve the closest support at 1.3081 - 1.3026 during the day. If a pullback from these levels happens little later on, we could have a bullish price movement towards the next resistance at 1.3227 - 1.3258. There's a bearish "Pennant", so the price is likely going to reach the nearest support at 1.3080 - 1.3073 during the day. If we have a pullback from this area, we should keep an eye on the next resistance at 1.3150 - 1.3169 as an intraday target. More: https://fbs.com/analytics/articles/gbp-usd-bearish-pennant-4622

EUR/USD: "THORN" PATTERN 08:02 25.10.2017 There's a "Thorn" pattern, so the price is consolidating. The main intraday target is the nearest support at 1.1729 - 1.1719. If we have a pullback from this area, there'll be an opportunity to have an upward price movement towards the nearest resistance at 1.1793 - 1.1822. Bears faced with support at 1.1757, but there's also resistance by the 34 Moving Average. If a pullback from this line happens, the market is likely going to test the next support at 1.1724 - 1.1719. This area could be a departure point for another bullish price movement towards a resistance at 1.1780 - 1.1793. More: https://fbs.com/analytics/articles/eur-usd-thorn-pattern-4621

GBP/USD: BEARS WANT TO CONTINUE THE FEAST 06:45 25.10.2017 Recommendation: SELL 1.3100 SL 1.3155 TP1 1.3 TP2 1.271 On the daily chart, inability of bulls to keep GBP/USD above 1.3175 points at their weakness. Bears are regaining the initiative and are ready to attack the lower border of the uptrend channel and trigger AB=CD pattern with the target at 200%. On H1, the formation of the “Widening wedge” will allow expecting the pair to reach 113% target of a “Shark” pattern. To do this bears need a successful test of support levels at 78.6% and 88.6% of the wave 4-5. More: https://fbs.com/analytics/articles/gbp-usd-bears-want-to-continue-the-feast-4618

USD/CHF: BULLS BROKE FREE 06:33 25.10.2017 Recommendation: BUY 0.9880 SL 0.9825 TP1 0.998 TP2 1.004 On the daily chart, USD/CHF completely formed the “Dragon” pattern. After it renewed the “Dragon's head” and quitted the descending trade channel, we are certain that bulls have the initiative. They unfolded the long-term trend and are ready to continue the rally at least until 224% target of AB=CD. On H1, USD/CHF is forming «Spike and reversal with acceleration”. As long as it’s staying above 0.9770-0.9800, bulls will remain control. More: https://fbs.com/analytics/articles/usd-chf-bulls-broke-free-4617

GBP/USD: POUND RETURNED TO MINIMUMS OF LAST WEEK 05:40 25.10.2017 Technical levels: support – 1.3100; resistance – 1.3150. Trade recommendations: Sell — 1.3150; SL — 1.3170; TP1 — 1.3100; TP2 — 1.3075. Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a weak golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices are in negative area, below the Kijun-sen. More: https://fbs.com/analytics/articles/gbp-usd-pound-returned-to-minimums-of-last-week-4615

EUR/USD: EURO READY TO GOING LOWER 05:39 25.10.2017 Technical levels: support – 1.1730; resistance – 1.1770. Trade recommendations: Sell — 1.1750; SL — 1.1870; TP1 — 1.1700; TP2 – 1.1680 Reason: narrow bearish Ichimoku Cloud, but horizontal Senkou Span A and B; a strong dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen; the prices are tested the Cloud’s resistance and ready to continue a downtrend. More: https://fbs.com/analytics/articles/eur-usd-euro-ready-to-going-lower-4614

USD/JPY: NO ANY BEARISH PATTERN SO FAR 13:15 24.10.2017 We've got a bullish "Hammer", which has been formed at the local low. Considering confirmation of this pattern, the market is likely going to reach the nearest resistance level. In this case, the last local high could be broken soon. There's a bullish "Tweezers", which has been formed at the local low. Also, there's no any bearish pattern so far. So, the pair is likely going to continue moving up during the day. More: https://fbs.com/analytics/articles/usd-jpy-no-any-bearish-pattern-so-far-4602

EUR/USD: BULLISH "HARAMI" 13:13 24.10.2017 There are bullish patterns such a "Hammer" and an "Inverted Hammer", which both have been confirmed enough. So, the 55 Moving Average is likely going to act as resistance soon. If a pullback from this line happens, we could have another decline. The last bullish "Harami" led to the current upward correction. Meanwhile, if a pullback from the 34 Moving Average happens little later on, there'll be an opportunity to have a local bearish correction towards the nearest "Window". More: https://fbs.com/analytics/articles/eur-usd-bullish-harami-4601

USD/CAD: BULLS TOOK A PAUSE 07:54 24.10.2017 Recommendation: BUY 1.2595 SL 1.2540 TP1 1.2790 TP2 1.3240 On the daily chart, bulls manage to stay above support at 1.2460 and renew October low. As a result, the odds of the pair reaching 88.6% target of the inverted “Shark” pattern increased. It’s situated near 1.3240. On H1, USD/CAD broke above the upper border of the 1.2440-1.2555 consolidation range. This allowed bulls to form long positions. To continue the rally towards 224% target of AB=CD pattern, bulls need to keep the pair outside of the triangle. More: https://fbs.com/analytics/articles/usd-cad-bulls-took-a-pause-4596

XAU/USD: BEARS ARE FIRM 07:47 24.10.2017 Recommendation: SELL $1271 SL $1286 TP1 $1237 TP2 $1212 On the daily chart, bulls are clinging to an important level of $1281 an ounce. Their failure will return the initiative to bears and increase the risks of decline to 78.6% and 200% targets of “Gartley” and AB=CD patterns. On H1, XAU/USD keeps forming an inverted 5-0 pattern. Pullbacks to 50%, 38.2% and 23.6% of the wave CD are usually used for buying. A decline below support levels at $1271 and $1267 an ounce may be a signal for forming short positions. More: https://fbs.com/analytics/articles/xau-usd-bears-are-firm-4595

GBP/USD: MOVING AVERAGES ACTED AS RESISTANCE 07:19 24.10.2017 The Moving Averages have acted as resistance, so the price is consolidating. Nevertheless, the market is likely going to reach another resistance at 1.3290 - 1.3336 in the short term. If a pullback from this area happens, we could have a decline. The last "Double Bottom" pattern led to the current bullish price movement. However, bulls faced with resistance at 1.3221, so we could have a local bearish correction towards the nearest support at 1.3182 - 1.3169. This area could be a departure point for another upward price movement. More: https://fbs.com/analytics/articles/gbp-usd-moving-averages-acted-as-resistance-4593

EUR/USD: "V-BOTTOM" PATTERN 07:16 24.10.2017 There's a "V-Bottom" pattern, which pushed the price to the nearest resistance at 1.1772. Meanwhile, the market is likely going to continue moving up towards the next resistance at 1.1822 - 1.1857. If a pullback from this area happens little later on, there'll be an opportunity to have a decline towards the closest support at 1.1719 - 1.1695. Bears faced with support at 1.1729, so there's a "Thorn" pattern. The main intraday target is the next resistance at 1.1810 - 1.1820. At the same time, bears are likely going to deliver a local downward correction in the coming hours. More: https://fbs.com/analytics/articles/eur-usd-v-bottom-pattern-4592

GBP/USD: POUND REACHED SENKOU SPAN A 05:44 24.10.2017 Technical levels: support – 1.3150; resistance – 1.3240. Trade recommendations: Sell — 1.3200; SL — 1.3220; TP1 — 1.3130; TP2 — 1.3100. Reason: bearish Ichimoku Cloud, but rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen; the prices are growing up to Senkou Span A, but there is a strong resistance. More: https://fbs.com/analytics/articles/gbp-usd-pound-reached-senkou-span-a-4589

EUR/USD: EURO TESTED TENKAN’S RESISTANCE 05:43 24.10.2017 Technical levels: support – 1.1730; resistance – 1.1770. Trade recommendations: Sell — 1.1750; SL — 1.1870; TP1 — 1.1700; TP2 – 1.1680 Reason: narrow bullish Ichimoku Cloud, but horizontal Senkou Span B; a new dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen; the prices are returned to Tenkan’s resistance and may continue the downtrend. More: https://fbs.com/analytics/articles/eur-usd-euro-tested-tenkan%E2%80%99s-resistance-4588

USD/JPY: "WINDOW" REMAINS OPEN 12:04 23.10.2017 There's a bearish "High Wave", which hasn't been confirmed yet. Also, we've got a new "Window". In this case, the market is likely going to continue moving up in the short term towards the nearest resistance level. We've got a bearish "Engulfing" pattern, but the "Window" remains open. Therefore, the last high is likely going to be broken in the coming hours. More: https://fbs.com/analytics/articles/usd-jpy-window-remains-open-4572

EUR/USD: "TWEEZERS" AND "DOJI" PATTERNS 12:01 23.10.2017 The last bearish "Tweezers" and "Doji" patterns led to the current decline. Also, the price fixated under the Moving Averages. There's no any reversal pattern so far, so the market is likely going to continue falling down. We've got bullish patterns such a "Tweezers" and a "Harami" at the last low, but they both remain unconfirmed. So, we could have just a local upward correction and another decline afterwards. More: https://fbs.com/analytics/articles/eur-usd-tweezers-and-doji-patterns-4571

GBP/USD: PRICE REACHED DOWNWARD CHANNEL 11:53 23.10.2017 We've got a "V-Bottom", so the price is rising. The main intraday target is the nearest resistance area at 1.3227 - 1.3258. If a pullback from this area happens, we could have a decline towards the closest support at 1.3150 - 1.3120. The last bullish "Pennant" has been broken, but the price reached the local downward channel. So, we could have an intraday correction towards the Moving Averages, which could be a departure point for another bullish rally. More: https://fbs.com/analytics/articles/gbp-usd-price-reached-downward-channel-4570

EUR/USD: "V-TOP" PATTERN LED TO DECLINE 11:49 23.10.2017 There's a "V-Top" pattern, so the price reached the nearest support at 1.1757. Moreover, the market is likely going to continue moving down, so we should keep an eye on the next support at 1.1729 - 1.1719 as an intraday bearish target. If a pullback from this area happens little later on, there'll be an opportunity to have an upward correction towards the closest resistance at 1.1793 - 1.1822. All the Moving Averages have been broken, so the price is declining. The main bearish target is the next support at 1.1729 - 1.1719. This area could be a departure point for a bullish price movement in the direction of the nearest resistance at 1.1767 - 1.1780. More: https://fbs.com/analytics/articles/eur-usd-v-top-pattern-led-to-decline-4569

AUD/USD: BEARS STOPPED SLEEPING 07:22 23.10.2017 Recommendation: SELL 0.78 SL 0.7855 TP1 0.769 TP2 0.76 BUY 0.7885 SL 0.7835 TP 0.8 On the daily chart, AUD/USD keeps trading within “Shark” and “Crab” patterns. After a pullback to 38.2% of the last descending wave, bears try to restore the downtrend. In order to do this, they need to settle above 0.7816. On the other hand, the return of the pair to the short-term downtrend channel will return the initiative to bulls. On H1, a break of diagonal support in form of the lower border of the uptrend channel will strengthen the odds of the pair’s reaching the interim targets at 88.6% and 127.2% of the “Crab” pattern. More: https://fbs.com/analytics/articles/aud-usd-bears-stopped-sleeping-4565

NZD/USD: WILL KIWI CATCH THE WAVE 07:11 23.10.2017 Recommendation: BUY 0.709 SL 0.7035 TP 0.7235 On the daily chart, bears managed to lead the pair to the lower border of the long-term uptrend. A successful test of diagonal support will increase the possibility of a break in an uptrend and formation of the “Crab” pattern. On H1, the return of the pair to the top of the previous short-term consolidation will create grounds for the reversal “Wolfe waves” pattern. More: https://fbs.com/analytics/articles/nzd-usd-will-kiwi-catch-the-wave-4564

USD/JPY: DOLLAR REACHED 114.00 06:19 23.10.2017 Technical levels: support – 113.40; resistance – 114.00. Trade recommendations: Buy — 113.40; SL — 113.20; TP1 — 114.00; TP2 — 114.40. Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with rising Kijun-sen; the prices are tested the resistance of 114.00 and may going higher. More: https://fbs.com/analytics/articles/usd-jpy-dollar-reached-11400-4561

AUD/USD: AUSSIE ENTERED INTO NEGATIVE AREA 06:18 23.10.2017 Technical levels: support – 0.7770; resistance – 0.7840 Trade recommendations: Sell — 0.7840; SL — 0.7860; TP1 — 0.7770; TP2 — 0.7730. Reason: narrow bearish Ichimoku Cloud, falling Senkou Span A and B; a cancelled golden cross of Tenkan-sen and Kijun-sen, falling Tenkan-sen and Kijun-sen; the prices are in the negative area under the pressure of a Cloud. More: https://fbs.com/analytics/articles/aud-usd-aussie-entered-into-negative-area-4560

EUR/USD: DOUBLE ZIGZAG IN WAVE [iI] 06:16 23.10.2017 The price is likely going to test 0/8 MM Level in the coming hours. If we have a pullback from this level, wave [ii] likely will be ended. In this case, there'll be an opportunity to have another upward impulse in wave [iii]. It seems like wave [ii] is taking the form of a double zigzag on the one-hour chart. So, bears are likely going to test 0/8 MM Level, which could be a departure point for wave (i). In this case, the low of wave (w) will be broken in the coming hours. More: https://fbs.com/analytics/articles/eur-usd-double-zigzag-in-wave-ii-4559

EUR/USD: WAVE [iII] STARTED 14:05 20.10.2017 It seems like wave [iii] has been started, so we could have another bullish impulse in the short term. The main intraday target is 6/8 MM Level. The price couldn't fixate above 4/8 MM Level, so wave (i) has been ended. If a pullback from 2/8 MM Level happens little later on, there'll be time for wave (iii) of [iii]. More: https://fbs.com/analytics/articles/eur-usd-wave-iii-started-4538

USD/JPY: "SHOOTING STAR" PATTERN 14:02 20.10.2017 There's a "High Wave" pattern, which has been formed at the local high. So, there's an opportunity to have a downward correcting in the coming hours. However, if we see a pullback from the nearest support level, bulls will probably try to deliver a new local high. We've got a "Shooting Star" pattern, which has been confirmed. Therefore, the pair is likely going to test the lower "Window" during the day. If a pullback from this level happens, there'll be an option to have another bullish price movement. More: https://fbs.com/analytics/articles/usd-jpy-shooting-star-pattern-4536