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EUR/USD: DEVELOPING WAVE [iI] 10:50 17.10.2017 The price is still declining, which means we should keep an eye on 0/8 MM Level as the nearest bearish target. If a pullback from this level happens, there'll be an opportunity to have another upward impulse in wave [iii]. There's a developing wave [ii], which hasn't been finished yet, so an impulse in wave © is likely going to be continued. The main intraday target is 0/8 MM Level, which could be a departure point for wave (i) of [iii]. More: https://fbs.com/analytics/articles/eur-usd-developing-wave-ii-4443

GBP/USD: DEVELOPING "PENNANT" PATTERN 09:15 17.10.2017 We've got a local "V-Top", so the price is consolidating. Also, there's a possible "Pennant" pattern, so the pair is likely going to test another support at 1.3221 - 1.3150. Meanwhile, if we have a pullback from these levels, there'll be an opportunity to have a bullish price movement towards the closest resistance at 1.3342 - 1.3400. The price is still consolidating. Also, there's a possible developing "Pennant" pattern. Therefore, bears are likely going to test the nearest support at 1.3221 - 1.3202. If a pullback from this area happens, we should keep an eye on the nearest resistance at 1.3290 - 1.3342 as an intraday target. More: https://fbs.com/analytics/articles/gbp-usd-developing-pennant-pattern-4442

EUR/USD: "DOUBLE TOP" PATTERN 09:14 17.10.2017 The last "Double Top" pattern led to the current decline. The main intraday target is the nearest support at 1.1745 - 1.1719. If we see a pullback from this area, there'll be an opportunity to have an upward price movement towards the closest resistance at 1.1822 - 1.1837. There's a "Double Top" pattern, which has been formed under the Moving Averages. In this case, the market is likely going to test the next support at 1.1761 - 1.1738. If a pullback from these levels happens little later on, we could have an upward correction in the direction of the 34 Moving Average. More: https://fbs.com/analytics/articles/eur-usd-double-top-pattern-4441

USD/CAD: BULLS ARE READY FOR NEW HIGHS 07:45 17.10.2017 Recommendation: BUY 1.256 SL 1.2505 TP1 1.2715 TP2 1.292 TP3 1.324 On the daily chart, bulls are trying to restore the short-term uptrend. They managed to defend their fortress near 1.2460. Now buyers are counting on growth towards 88.6% target of the inverted “Shark” pattern. On H1, USD/CAD formed a “Spike and ledge” pattern. The pair’s trading within the consolidation range of a ledge (1.2435-1.2560). A break of its upper border will strengthen the case for the uptrend to resume. More: https://fbs.com/analytics/articles/usd-cad-bulls-are-ready-for-new-highs-4437

XAU/USD: GOLD IS FALLING INTO ABYSS 07:14 17.10.2017 Recommendation: SELL $1267 SL 1282 TP1 $1237 TP2 $1222 TP3 $1212 On the daily chart, the inability of bulls to overcome resistance at $1299-1302 an ounce points at their weakness. If sellers manage to trigger AB=CD, risks of continuation towards the 200% target will significantly increase. On H1, gold is correcting as the “Shark” pattern is transforming into 5-0. If bears want to return the quotes to support levels at 78.6% and 88.6% and conquer them, the continuation of the downtrend will become a reality. More: https://fbs.com/analytics/articles/xau-usd-gold-is-falling-into-abyss-4436

GBP/USD: POUND SUPPORTED BY KIJUN-SEN 06:03 17.10.2017 Technical levels: support – 1.3230; resistance – 1.3340. Trade recommendations: Buy — 1.3230; SL — 1.3210; TP1 — 1.3340; TP2 — 1.3375. Reason: bearish Ichimoku Cloud with horizontal Senkou Span A and B; a new golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices are returned to Kijun-sen in a correctional movement. More: https://fbs.com/analytics/articles/gbp-usd-pound-supported-by-kijun-sen-4435

EUR/USD: EURO RETURNED TO SENKOU SPAN A 06:02 17.10.2017 Technical levels: support – 1.1770, 1.1730; resistance – 1.1825. Trade recommendations: Buy — 1.1730; SL — 1.1710; TP1 — 1.1800; TP2 – 1.1825 Reason: bearish Ichimoku Cloud wit falling Senkou Span A; a new weak dead cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices are breakdown the Kijun’s support and going to bottom border of a Cloud. More: https://fbs.com/analytics/articles/eur-usd-euro-returned-to-senkou-span-a-4434

EUR/USD: WAVE [iI] ENDED LIKE A ZIGZAG 15:43 16.10.2017 There's a pullback from 1/8 MM Level, so wave [ii] may have been formed. So, we're likely going to have another upward price movement. The main target for wave [iii] is 6/8 MM Level. Wave [ii] ended like a zigzag, so the price is rising. 2/8 MM Level has acted as support. In this case, we could have wave (i) in the coming hours and wave (ii) little later on. More: https://fbs.com/analytics/articles/eur-usd-wave-ii-ended-like-a-zigzag-4423

USD/JPY: BULLISH "HAMMER" 15:33 16.10.2017 The 89 Moving Average is acting as support, so we've got a bullish "Hammer" on this line. Therefore, the pair is likely going to test the 34 MA, which could act as resistance. There's a bullish "Hammer", so the market is likely going to test the Moving Averages in the coming hours. If a pullback from these lines happens, there'll be an opportunity to have a new local low. More: https://fbs.com/analytics/articles/usd-jpy-bullish-hammer-4422

EUR/USD: BULLISH "HAMMER" 14:08 16.10.2017 The price reached the nearest support, so we could have a reversal bullish pattern soon. If so, the price is likely going to test the closes resistance level, which could be a departure point for another decline. We've got a bullish "Harami" at the local low. Considering confirmation of this pattern, the market is likely going to test the next resistance level during the day. If any bearish pattern arrives little later on, we'll likely have just another decline. More: https://fbs.com/analytics/articles/eur-usd-bullish-hammer-4421

AUD/USD: BULLS COUNTERATTACKED 08:41 16.10.2017 Recommendations: BUY 0.7815 SL 0.776 TP1 0.7955 TP2 0.8055 SELL 0.775 SL 0.7805 TP 0.7615 On the daily chart, the inability of bears to pull the prices below 0?7727 pointed at their weakness. Bulls counterattacked and count on the inverted “Shark” pattern. To begin with, they need to hold above 0.7872. On H1, AUD/USD formed a “widening wedge”. Pullbacks towards 23.6%, 38.2% and 50% of the wave 4-5 are usually used for buying. A decline below support levels at 78.6% and 88.6% may represent good selling opportunities. More: https://fbs.com/analytics/articles/aud-usd-bulls-counterattacked-4408

USD/JPY: DOLLAR WILL TEST SSB’S SUPPORT 07:49 16.10.2017 Technical levels: support – 111.50; resistance – 112.40. Trade recommendations: Buy — 111.50; SL — 111.30; TP1 — 112.40; TP2 — 112.80. Reason: narrow bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with horizontal Tenkan-sen; the prices are falling down to the support of lower border of the Cloud. More: https://fbs.com/analytics/articles/usd-jpy-dollar-will-test-ssb%E2%80%99s-support-4405

AUD/USD: AUSSIE GOING TO SSB 07:47 16.10.2017 Technical levels: support – 0.7860; resistance – 0.7915, 0.7955 Trade recommendations: Buy — 0.7880; SL — 0.7860; TP1 — 0.7915; TP2 — 0.7955. Reason: narrowing bearish Ichimoku Cloud, rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, rising Tenkan-sen and Kijun-sen; the prices are on the strong support, but the market is overbought. More: https://fbs.com/analytics/articles/aud-usd-aussie-going-to-ssb-4404

NZD/USD: BEARS ARE IN THE FORTRESS 07:05 16.10.2017 Recommendation: SELL 0.7145 SL 0.72 TP 0.698 On the daily chart, NZD/USD formed AB=CD pattern with a target at 127.2%. The pair failed to reach 78.6% of the Gartley pattern. This gives bears hope for a resumption of the downtrend. Their main task is not to let bears get above 0.7190 and 0.7780. On H1, further dynamics of the pair will depend on bears’ ability to return the pair below support at 0.7145. If they manage to do this, chances for a resumption of the downtrend will increase. More: https://fbs.com/analytics/articles/nzd-usd-bears-are-in-the-fortress-4403

EUR/USD: BULLS GOING TO DELIVER WAVE [iII] 10:26 13.10.2017 There's a zigzag in wave 4, so an upward impulse in wave has been formed. In this case, we could have a correction, which could be wave [ii]. Nevertheless, bulls are likely going to deliver wave [iii] afterwards. Wave (v) of may have been ended, cause there's a pullback from 5/8 MM Level. Wave [ii] is likely going to take the form of a zigzag, so we should keep an eye on 2/8 MM Level, which could be a departure point for wave (i) of [iii]. More: https://fbs.com/analytics/articles/eur-usd-bulls-going-to-deliver-wave-iii-4375

GBP/USD: "THORN" PATTERN 08:09 13.10.2017 Bulls faced with resistance at 1.3290, but the market is likely going to continue moving up, so we should keep an eye on the next resistance at 1.3290 - 1.3342 as an intraday target. If we have a pullback from this area, there'll be an opportunity to have a decline towards the nearest support at 1.3221 - 1.3182. We've got a "Thorn" pattern, so the price is consolidating. Therefore, the market is likely going to reach the nearest support at 1.3256 - 1.3221 during the day. At the same time, if we have a pullback from these levels, bulls will probably try to test the next resistance at 1.3290 - 1.3343. More: https://fbs.com/analytics/articles/gbp-usd-thorn-pattern-4372

EUR/USD: 34 MA ACTED AS SUPPORT 08:08 13.10.2017 The price is consolidating between the levels 1.1892 - 1.1822. It's likely that bulls are going to reach the nearest resistance at 1.1892 in the short term. If a pullback from this level happens little later on, there'll be an opportunity to have a decline towards the closest support at 1.1822 - 1.1793. The 34 Moving Average has acted as support, so the price is consolidating. In this case, bears are likely going to test the 55 Moving Average soon. However, if we have a pullback from this line, bulls will probably try to reach another resistance at 1.1879 - 1.1889. More: https://fbs.com/analytics/articles/eur-usd-34-ma-acted-as-support-4371

AUD/USD: AUSSIE ENTERED INTO CLOUD 07:38 13.10.2017 Technical levels: support – 0.7800; resistance – 0.7850, 0.7880. Trade recommendations: Sell — 0.7850; SL — 0.7870; TP1 — 0.7800; TP2 — 0.7780. Reason: bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen; the prices are entered into the Cloud and will test the highs of a last week. More: https://fbs.com/analytics/articles/aud-usd-aussie-entered-into-cloud-4370

GBP/USD: POUND IS GOING TO SSB 07:37 13.10.2017 Technical levels: support – 1.3270; resistance – 1.3340. Trade recommendations: Sell — 1.3340; SL — 1.3360; TP1 — 1.3270; TP2 — 1.3240. Reason: narrowing bearish Ichimoku Cloud, rising Senkou Span B; a golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen and Kijun-sen; the prices are going to Senkou Span B after supported by Kijun-sen. MoreL: https://fbs.com/analytics/articles/gbp-usd-pound-is-going-to-ssb-4369

EUR/GBP DOESN’T WANT TO GIVE UP 07:28 13.10.2017 Recommendation: BUY 0.8855 SL 0.88 TP1 0.8955 TP2 0.9055 BUY 0.902 SL 0.8965 TP1 0.91 TP2 0.92 On the daily chart, the “Shark” pattern is transforming into 5-0. Pullbacks towards 38.2%, 50% and 61.8% of the wave CD are usually used for buying. On H1, a break below support at 0.8905-0.8915 will trigger the senior “Shark” pattern with targets at 61.8%, 78.6%, and 88.6%. Risks of the uptrend’s resumption will strengthen in case of a successful test of resistance at 0.9020 (88.6% of the wave CD of the junior “Shark” pattern). More: https://fbs.com/analytics/articles/eur-gbp-doesn%E2%80%99t-want-to-give-up-4368

EUR/USD: NO ONE WANTS TO GIVE IN 07:01 13.10.2017 Recommendations: SELL 1.193 SL 1.1985 TP 1.177 BUY 1.177 SL 1.1705 TP 1.193 On the daily chart, the “Shark” pattern is transforming into 5-0. Pullbacks towards 38.2%, 50% and 61.8% of the wave CD are usually used for selling. The inability of bulls to lead the pair outside of the downtrend channel will point at their weakness. On H1, EUR/USD keeps forming the “Widening wedge”. Pullbacks towards 23.6%, 38.2% and 50% of the wave 4-5 are usually used for buying. Long positions can be entered at 1.1715 and 1.1695. More: https://fbs.com/analytics/articles/eur-usd-no-one-wants-to-give-in-4366

EUR/USD: "ENGULFING" ON THE UPPER "WINDOW" 11:55 12.10.2017 There's a bearish "Engulfing" pattern, which hasn't been confirmed yet. In this case, the market is likely going to test the 34 Moving Average, which could be a departure point for another upward price movement. We've got an "Engulfing", which has been formed on the upper "Window". Therefore, the pair is likely going to decline in the short term. The main bearish target is the 144 Moving Average. More: https://fbs.com/analytics/articles/eur-usd-engulfing-on-the-upper-window-4352

USD/JPY: BEARISH "HARAMI" 11:53 12.10.2017 The 55 Moving Average has acted as support. However, there's also resistance by the upper "Window". In this case, the price is likely going to test the 89 MA. If a pullback from this line happens, we could have another bullish rally. There's a bearish "Harami", which has been formed at the last local high. This pattern has been confirmed afterwards, so the price is likely going to test the nearest support level during the day. More: https://fbs.com/analytics/articles/usd-jpy-bearish-harami-4351

EUR/USD: WAVE [iI] COMING SOON 07:20 12.10.2017 The price has been rising since a pullback from 0/8 MM Level happened. Wave is about to end, so if 3/8 MM Level acts as resistance, we could have a downward correction. In this case, we should keep an eye on 1/8 MM Level as an intraday bearish target. There's a developing bullish impulse in wave , which is likely going to end soon. Therefore, if a pullback from 6/8 MM Level happens in the coming hours, bears will probably try to test 2/8 MM Level afterwards. More: https://fbs.com/analytics/articles/eur-usd-wave-ii-coming-soon-4346

GBP/USD: BROKEN BULLISH "PENNANT" 07:16 12.10.2017 We've got a bullish "Pennant", which has been broken, so the price is still rising. It seems like the pair is ready to test the next resistance at 1.3290 - 1.3342. However, if we see a pullback from this area, there'll be an opportunity to have a decline in the direction of another support at 1.3221 - 1.3182. The price faced with resistance at 1.3256, so there's a local consolidation. The 89 Moving Average is likely going to act as support during the day. If so, bulls will probably try to deliver a new local high afterwards. More: https://fbs.com/analytics/articles/gbp-usd-broken-bullish-pennant-4344