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EUR/USD: DEVELOPING ZIGZAG 11:07 24.08.2017 There's developing wave [iv], which is likely going to take the form of a zigzag. The main target is 7/8 MM Level, which could be a departure point for wave [v] of 3. There are a bearish impulse in wave i and a zigzag in wave ii. So, there's an opportunity to have wave iii of © soon. In this case, we should keep in mind 3/8 MM Level as the next bearish target. More: https://fbs.com/analytics/articles/eur_usd%3a_developing_zigzag_3223

USD/CHF DOESN’T WANT TO PART WITH WEDGE 10:41 24.08.2017 Recommendations: SELL 0.9605 SL 0.966 TP1 0.9505 TP2 09475 BUY 0.975 SL 0.9695 TP 0.989 On the daily chart, USD/CHF keeps consolidation near an important level of 0.9650 (23.6% of the last long-term descending wave). If bears manage to lead the pair down below the diagonal support (lower border of the uptrend channel), the odds of reaching 88.6% target of Gartley pattern will increase. On H1, USD/CHF is consolidating within a “Widening wedge”. A break of support levels at 0.9605 and 0.9585 won’t lead the pair south. On the other hand, successful test of resistance at 0.9750 and 0.9765 will open the way for further advance. More: https://fbs.com/analytics/articles/usd_chf_doesn%E2%80%99t_want_to_part_with_wedge_3221

USD/JPY: YEN MET 3 INDIANS 10:28 24.08.2017 Recommendation: BUY 109.8 SL 109.25 TP1 110.8 TP2 112 On the daily chart, another attempt of bulls to return inside the triangle was unsuccessful. In order to have another chance, buyers need to keep the pair inside the medium-term channel between 108.50 and 114.50. A successful test of its lower border will open the way down to 161.8% target of the AB=CD pattern. On USD/JPY there's consolidation within the inverted “Spike and ledge” pattern on the basis of 1-2-3. Together with “Three Indians” it’s a serious reversal pattern. More: https://fbs.com/analytics/articles/usd_jpy%3a_yen_met_3_indians_3220

GBP/USD: BROKEN "FLAG" 10:19 24.08.2017 The last "Flag" pattern has been broken, so the price reached support at 1.2768. Nevertheless, bears are likely going to test the next support at 1.2768 - 1.2736 in the short term. If we have a pullback from these levels, bulls will have a green light to deliver a local upward correction. Bears faced support at 1.2768, so the price is consolidating. In this case, we should keep an eye on the nearest resistance at 1.2811 as an intraday target. If a pullback from this level arrives little later on, there'll be an option to have another decline towards the next support at 1.2768 - 1.2736. More: https://fbs.com/analytics/articles/gbp_usd%3a_broken_%22flag%22_3218

EUR/USD: "DOUBLE BOTTOM" PATTERN 10:11 24.08.2017 There's a "Double Bottom" pattern, which has been confirmed, so the price is consolidating. The main intraday target is the nearest resistance at 1.1846 - 1.1875. If a pullback from this area happens, there'll be an opportunity to have a decline in the direction of the 34 Moving Average. We've got a "Triple Top" pattern right under resistance at 1.1827. So, the price is likely going to test the 55 Moving Average in the short term. If a pullback from this line happens, bulls will probably try to achieve the closest resistance at 1.1827 - 1.1838 More: https://fbs.com/analytics/articles/eur_usd%3a_%22double_bottom%22_pattern_3217

AUD/USD: BREAKDOWN OF SSA 09:38 24.08.2017 Technical levels: support – 0.7850, 0.7810; resistance – 0.7880. Trade recommendations: Buy — 0.7850; SL — 0.7830; TP1 — 0.7935; TP3 — 0.7980. Reason: bearish Ichimoku Cloud with falling Senkou Span A and B; a new dead cross of Tenkan-sen and Kijun-sen; the prices are entered to negative area, but there is a strong support on the daily timeframe. More: https://fbs.com/analytics/articles/aud_usd%3a_breakdown_of_ssa_3216

GBP/USD: POUND IS OVERSOLD 09:37 24.08.2017 Technical levels: support – 1.2750, 1.2710; resistance – 1.2820. Trade recommendations: Sell — 1.2820; SL — 1.2840; TP1 — 1.2750; TP2 — 1.2710. 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 local market is oversold, waiting for correction to Tenkan-sen. More: https://fbs.com/analytics/articles/gbp_usd%3a_pound_is_oversold_3215

EUR/USD: DEVELOPING WAVE [iV] 12:59 23.08.2017 There's a developing wave [iv], which is taking place on the four-hours chart. The main target for wave © is 7/8 MM Level, which could be a departure point for wave [v] of 3. We've got a double zigzag in wave ( and a bearish impulse in wave i. It seems like wave ii is going to end soon, so we could have wave iii of © in the short term. If a pullback from 3/8 MM Level happens later on, there'll be an opportunity to have an upward correction. More: https://fbs.com/analytics/articles/eur_usd%3a_developing_wave_%5biv%5d_3183

USD/JPY: "ENGULFING" ON THE 34 MOVING AVERAGE 12:52 23.08.2017 We've got an "Engulfing" pattern on the 34 Moving Average, so bears are likely going to continue pushing the price lower. The main intraday target is the lower "Window". Bulls faced resistance on the 144 Moving Average, so there's a bearish "High Wave" pattern, which has been confirmed. In this case, the market is likely going to continue falling down. More: https://fbs.com/analytics/articles/usd_jpy%3a_%22engulfing%22_on_the_34_moving_average_3182

EUR/USD: BULLISH "HARAMI" 12:49 23.08.2017 There's a bullish "Harami", which has been formed on the 34 Moving Average. Considering confirmation of this pattern, the price is likely going to test the nearest resistance. If we see a pullback from this level, there'll be an opportunity to have a local decline. All the Moving Averages have been broken, but we still don't have any reversal pattern. Also, there's resistance by the last "Three Methods" pattern. If we have a pullback from this level, bears are likely going to test the nearest support. More: https://fbs.com/analytics/articles/eur_usd%3a_bullish_%22harami%22_3181

GBP/USD: MARKET GOING TO TEST NEXT SUPPORT 10:45 23.08.2017 Bears faced support at 1.2811, so the price is consolidating. Therefore, the market is likely going to test the next support at 1.2793 - 1.2768 in the coming hours. If a pullback from this area happens little later on, bulls will have a green light to reach the nearest resistance at 1.2830 - 1.2853. The last "Double Top" pattern led to a massive decline. The main intraday target is the closest support 1.2793 - 1.2768. If we have a pullback from these levels, there'll be an option to have a bullish price movement in the direction of the nearest resistance at 1.2831 - 1.2853. More: https://fbs.com/analytics/articles/gbp_usd%3a_market_going_to_test_next_support_3179

EUR/USD: "DOUBLE TOP" PATTERN 10:40 23.08.2017 There's a "Double Top" pattern, which has been confirmed. So, the price reached the nearest support at 1.1757, which led to a consolidation. In this case, the market is likely going to test the next support at 1.1712 - 1.1683. If a pullback from this levels happens, there'll be an opportunity to have an upward price movement towards the closest resistance at 1.1801 - 1.1846. The price is consolidating near the Moving Averages. Also, there's a bearish "Pennant" pattern, so the pair is likely going to achieve the next support at 1.1720 - 1.1708 during the day. If we have a pullback from these levels, bulls will probably try to reach resistance at 1.1798 - 1.1801. More: https://fbs.com/analytics/articles/eur_usd%3a_%22double_top%22_pattern_3178

USD/JPY: DOLLAR CORRECTED TO KIJUN-SEN 09:23 23.08.2017 Technical levels: support – 109.00; resistance – 109.750. Trade recommendations: Sell — 109.40/50; SL — 109.70; TP1 — 109.00; TP2 — 108.60. Reason: bearish Ichimoku Cloud, but Senkou Span A and B are horizontal; a dead cross of Tenkan-sen and Kijun-sen; the market has been corrected to Kijun-sen; waiting to continue of downtrend. More: https://fbs.com/analytics/articles/usd_jpy%3a_dollar_corrected_to_kijun_sen_3174

EUR/USD: EURO SUPPORTED BY CLOUD 09:22 23.08.2017 Technical levels: support – 1.1750; resistance – 1.1820. Trade recommendations: Buy — 1.1770; SL — 1.1750; TP1 — 1.1820; TP2 – 1.1890. Reason: narrow Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen and rising Tenkan-sen; the prices are supported by the Cloud and may continue to rise. More: https://fbs.com/analytics/articles/eur_usd%3a_euro_supported_by_cloud_3173

USD/CAD: BEARS GOT SCARED OF A SHARK 09:15 23.08.2017 Recommendation: SELL 1.2675 SL 1.273 TP1 1,2575 TP2 1.249 TP3 1.245 On the daily chart, USD/CAD keeps forming the 5-0 pattern. Recoil from convergence area at 1.2737-1.2765 allowed bears to try to resume the downtrend. If the pair renews low at 1.2525, it will increase odds of the continuation of the decline. On the other hand, if prices leave the short-term descending trend channel, a consolidation between 1.2525 and 1.2765 may develop. On H1, a successful attack on resistance at 1.2595-1.2610 will trigger the inverse “Shark” pattern with 88.6% target. The inability of bulls to hold the pair above 1.2595 will point at their weakness. More: https://fbs.com/analytics/articles/usd_cad%3a_bears_got_scared_of_a_shark_3172

GBP/USD: BULLS SHOWED WEAKNESS 09:08 23.08.2017 Recommendation: SELL 1.2845 SL 1.29 TP1 1.2665 On the daily chart, GBP/USD keeps forming the shark pattern with the target at 113%. It is situated near 1.2767 (38.2% of the last descending wave). The inability of the bulls to return the quotes inside the medium-term uptrend channel points at their weakness. In such environment, it makes sense to sell the pound on rallies. On H1, GBP/USD formed 2 areas where players accumulated short positions: 1.2950-1.3025 and 1.2845-1.2910. A retest of the lower border of the previous consolidation range will allow bears to continue the decline. More: https://fbs.com/analytics/articles/gbp_usd%3a_bulls_showed_weakness_3171

EUR/USD: WEDGE AND DOUBLE ZIGZAG 13:16 22.08.2017 The price is still consolidating in wave [iv], which is likely going to take the form of a zigzag. The main intraday target is 7/8 MM Level, which could be a departure point for wave [iv]. We've got a wedge in wave (a) and a double zigzag in wave (, so the price is declining in wave i of ©. If a pullback from 4/8 MM Level happens, there'll be an opportunity to have wave ii of ©. More: https://fbs.com/analytics/articles/eur_usd%3a_wedge_and_double_zigzag_3149

USD/JPY: PULLBACK FROM THE LOWER "WINDOW" 12:09 22.08.2017 There's another pullback from the lower "Window". Also, we've got an "Inverted Hammer" and a "Hammer" patterns, which both have been confirmed. So, the market is likely going to the upper "Window" soon. We've got a bullish "High Wave" and an "Engulfing". So, the price is likely going to test the 144 Moving Average, which could be a departure point for a decline. More: https://fbs.com/analytics/articles/usd_jpy%3a_pullback_from_the_lower_%22window%22_3148

EUR/USD: "HARAMI" AND "THREE METHODS" 12:06 22.08.2017 We've got a bearish "Harami", which has been confirmed, so the market is likely going to test the 89 Moving Average. If a pullback from this line happens, there'll be an opportunity to have another upward price movement. There are bearish patterns such a "Harami" and a "Three Methods". So, the price is likely going to decline in the coming hours. If any bullish pattern arrives afterwards, bulls will probably try to deliver a new local high. More: https://fbs.com/analytics/articles/eur_usd%3a_%22harami%22_and_%22three_methods%22_3147

AUD/USD: BULLS WANT TO GO NORTH 11:17 22.08.2017 Recommendation: BUY 0.796 SL 0.7905 TP1 0.802 TP2 0.807 TP3 0.835 On the daily chart, AUD/USD managed to settle above the important level of 0.7900 (23.6% of the last bullish wave). The odds of the uptrend’s resumption are now higher. The growth of Australian dollar towards 200% target of the AB=CD pattern may continue in case of a successful test of resistance at 0.7960. On H1, AUD/USD reached targets of the “Widening wedge”. A break of resistance at 0.9660 will increase the odds of meeting 88.6% and 113% targets of the “Shark” pattern. More: https://fbs.com/analytics/articles/aud_usd%3a_bulls_want_to_go_north_3145

XAU/USD: INDIANS WILL SHOW WAY FOR GOLD 10:55 22.08.2017 Recommendation: SELL $1280 SL $1296 TP $1264 TP2 $1250 On the daily chart, XAU/USD managed to return inside the bullish medium-term uptrend channel. Successful test of resistance at $1297 will trigger AB=CD pattern. Its 200% is near $1385. On the other hand, failure will allow bears to seize the initiative. On H1, XAU/USD formed a reversal pattern: a combination of “Three Indians” and 1-2-3. A break below correction low at the point 2 will signal the start of corrective move. There’s also diagonal resistance at 23.6% of the last bullish wave. More: https://fbs.com/analytics/articles/xau_usd%3a_indians_will_show_way_for_gold_3144

GBP/USD: BEARS GOING TO TEST NEAREST SUPPORT 10:41 22.08.2017 The price is consolidating between the levels 1.2830 - 1.2911. Meanwhile, bears are likely going to test the nearest support at 1.2853. If we have a pullback from this level, there'll be an option to have a bullish price movement in the direction of the next resistance at 1.2932 - 1.2951. There's a consolidation, which is taking place near the Moving Averages. The market is likely going to reach the closest support at 1.2853 during the day. At the same time, if we have a pullback from this level, bulls will have a green light to catch another resistance at 1.2926 - 1.2932. More: https://fbs.com/analytics/articles/gbp_usd%3a_bears_going_to_test_nearest_support_3142

EUR/USD: "DOUBLE TOP" PATTERN 10:38 22.08.2017 The price is consolidating under the previously broken trend line. So, the pair is likely going to test the 34 Moving Average. If a pullback from this line happens, there'll be an opportunity to have another upward price movement towards the next resistance at 1.1846 - 1.1875. We've got a local "Double Top" pattern, which has been confirmed, so the price is testing the nearest support at 1.1801. It seems like bears are going to reach the next support at 1.1773. However, if we have a pullback from this level, bulls will probably try to achieve another resistance at 1.1838 - 1.1846. More: https://fbs.com/analytics/articles/eur_usd%3a_%22double_top%22_pattern_3141

OIL (WTI) FAVORED BY THE BEARS 01:32 22.08.2017 Oil (WTI) didn’t achieve to consolidate its gains above the 200 SMA at H1 chart and around that area, it found dynamic resistance; a move that was confirmed with a double top pattern. The Fibonacci area of 50% and 65% has been providing the enough supply to make a sell-off in the crude and it’s now heading to lower levels. If the crude oil manages to break below August 17th lows, we can expect further weakness towards -23.6% at 45.57. RSI indicator remains in the negative territory, favoring to the bears. More: https://fbs.com/analytics/articles/oil_%28wti%29_favored_by_the_bears_3131

USD/JPY: "WINDOW" ACTED AS SUPPORT 13:30 21.08.2017 https://fbs.com/img/articles/3113/1503311167-7ac37306099513065bb808c328f11211_1200x1200_q90.png[/RIMG] The lower "Window" has acted as support, so we've got an "Inverted Hammer". However, the price couldn't break the upper "Window", so bears are likely going to test the nearest support once again. We've got a local bullish "Harami", which hasn't been confirmed yet. So, the price is likely going to test the closest resistance. If a pullback from this level happens, we could have just another decline. More: https://fbs.com/analytics/articles/usd_jpy%3a_%22window%22_acted_as_support_3113