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GBP/USD: BEARS FULFILLED THEIR MISSION 09:33 17.08.2017 Recommendation: SELL 1.2940 SL 1.3005 TP 1.2730 SELL 1.3005 SL 1.3060 TP1 1.2850 TP2 1.2730 SELL 1.3055 SL 1.3110 TP1 1.2925 TP2 1.285 TP3 1.2730 On the daily chart, GBP/USD reached 88.6% target of Shark pattern and reached the lower border of the uptrend channel. This increases the risks of correction towards 23.6%, 38.2% and 50% of the wave CD within the transformation of the “Shark” into 5-0. On H1, GBP/USD formed a “Widening wedge” and a “Shark”. Correction movement towards 1.2940, 1.3005 and 1.3055 may be used for selling. More; https://fbs.com/analytics/articles/gbp_usd%3a_bears_fulfilled_their_mission_3031

SILVER (XAG/USD): LOOKING FORWARD TO RIDE A BULLISH WAVE 19:58 16.08.2017 Silver has been riding an overall bullish structure that it’s looking for a consolidation above the 200 SMA at H1 chart. According to our Fibonacci’s projections, the XAG/USD pair has made a rebound above a key demand zone between the 16.67 and 16.50 levels (50% - 65%) and it’s now pointing to test the 17.49 level, at which lies the -23.6% Fibonacci retracement level. To the downside, if Silver manages to break below 16.50, then it can plummet towards 16.35 (78.6%), which is the last hurdle before to invalidate the bullish bias. RSI indicator remains in the positive territory. More: https://fbs.com/analytics/articles/silver_%28xag_usd%29%3a_looking_forward_to_ride_a_bullish_wave_3023

CAD/JPY RISING INSIDE MINOR B-WAVE 19:43 16.08.2017 CAD/JPY rising inside minor B-wave Next buy target - 89.00 CAD/JPY continues rise inside the minor B-wave which started earlier from the support zone lying between the support level 85.60, 50% Fibonacci retracement of the previous upward impulse (3) from the start of June and the lower daily Bollinger Band. The active B-wave belongs to the intermediate ABC correction (4) from the end of July. CAD/JPY is expected to rise to next buy target at the next resistance level 89.00 (target price for the termination of the active wave . More: https://fbs.com/analytics/articles/cad_jpy_rising_inside_minor_b_wave_3020

AUD/JPY REVERSED FROM SUPPORT AREA 19:42 16.08.2017 AUD/JPY reversed from support area Next buy target - 88.00 AUD/JPY has been rising in the last few trading sessions – following the earlier upward reversal from support area lying between the strong support level 85.70 (which reversed earlier waves 4 and (ii), as can be seen from the daily AUD/JPY chart below), lower daily Bollinger Band and the 50% Fibonacci correction of the previous upward price impulse from the start of June. AUD/JPY is expected to rise to next buy target at the next resistance level 88.00 (target price for the completion of wave (2)). More: https://fbs.com/analytics/articles/aud_jpy_reversed_from_support_area_3019

USD/JPY: PRICE REACHED 89 MOVING AVERAGE 14:56 16.08.2017 The price has reached the 89 Moving Average, but there isn't any reversal pattern so far. We could have a local bearish correction, but the pair is likely going to climb even higher afterwards. We've got a bearish "Tweezers", but confirmation of this pattern is a quite weak. Therefore, the market is likely going to reach the upper "Window", which could be a departure point for a decline. More: https://fbs.com/analytics/articles/usd_jpy%3a_price_reached_89_moving_average_3010

EUR/USD: BEARISH "DOJI" 14:52 16.08.2017 There's a bullish "Harami", but this pattern hasn't been confirmed yet. So, the price is likely going to test the 89 Moving Average. If any bullish pattern forms on this line, there'll be an opportunity to have an upward correction. The 34 & 144 Moving Averages acted as resistance, so there's a bearish "Doji", which has been confirmed. So, the market is likely going to continue moving down towards the next support level. More: https://fbs.com/analytics/articles/eur_usd%3a_bearish_%22doji%22_3009

GBP/USD: ANOTHER BEARISH "PENNANT" 11:46 16.08.2017 The last "Flag" has been broken, so price plunged. It seems like bears are ready to move on, so we should keep an eye on the next support at 1.2830 - 1.2811 as an intraday target. Meanwhile, if a pullback from these levels happens little later on, there'll be an opportunity to have an upward price movement towards resistance at 1.2853 - 1.2892. There's a "Pennant" pattern, so the pair is likely going to reach the closest support at 1.2830 - 1.2811 during the day. If we have a pullback from this area, bulls will have a green light to deliver an upward correction. More: https://fbs.com/analytics/articles/gbp_usd%3a_another_bearish_%22pennant%22_3008

EUR/USD: "V-BOTTOM" PATTERN 11:43 16.08.2017 We've got a "Triple Top", so the price is declining, but bears faced support at 1.1683. Anyway, the market is likely going to test the 89 Moving Average soon. If a pullback from this line happens, we could have an upward price movement towards the nearest resistance at 1.1757 - 1.1801. There's a "V-Bottom", so we've got a consolidation, which is taking place under resistance at 1.1748. However, the market is likely going to reach another support at 1.1670 - 1.1649 in the short term. If we have a pullback from this area, bulls will probably try to achieve the nearest resistance at 1.1757 - 1.1767. More: https://fbs.com/analytics/articles/eur_usd%3a_%22v_bottom%22_pattern_3006

USD/CAD: BULLS SAW A RED RAG 10:02 16.08.2017 Recommendation: BUY 1,277 SL 1,2715 TP1 1,287 TP2 1,294. On the daily chart, bulls are trying to develop their advantage and conquer resistance at 1.2737-1.2765. If they succeed, the odds of correction towards 1.2925-1.2939 will increase. To resume the downtrend, bears need to lead the pair outside of the bullish trend channel and then overcome support at 1.2650. On H1, USD/CAD formed the “Dragon” pattern. A successful test of resistance at 1.2770 will strengthen the risks of a pullback to 1.2870 and 1.2940. More: https://fbs.com/analytics/articles/usd_cad%3a_bulls_saw_a_red_rag_3000

GOLD: BULLS SHOWED WEAKNESS 09:50 16.08.2017 Recommendation: SELL $1267 SL $1280 TP $1250 TP2 $1235 TP3 $1224 On the daily chart, the second attempt of bulls to return the quotes inside the previous medium-term bullish channel failed. If bears manage to let gold outside the short-term bullish channel and then pull the price below support at $1250 an ounce, the odds of reaching 88.6% target of the Shark pattern will strengthen. On H1, bears still have a chance of the “Widening wedge” pattern. For that, there’s the need of successful test of support at $1267 and $1252. More; https://fbs.com/analytics/articles/gold%3a_bulls_showed_weakness_2999

AUD/USD: AUSSIE CONTINUE TO FALLING 08:45 16.08.2017 Technical levels: support – 0.7820; resistance – 0.7890. Trade recommendations: Buy — 0.7830; SL — 0.7810; TP1 — 0.7890; TP3 — 0.7940. Reason: bearish Ichimoku Cloud with falling Senkou Span A; a new dead cross of Tenkan-sen and Kijun-sen; the prices are on the strong support of 0.7800/20. More: https://fbs.com/analytics/articles/aud_usd%3a_aussie_continue_to_falling_2997

EUR/USD: EURO FELL INTO CLOUD AGAIN 08:44 16.08.2017 Technical levels: support – 1.1700, 1.1640; resistance – 1.1770, 1.1820. Trade recommendations: Buy — 1.1640; SL — 1.1620; TP1 — 1.1700; TP2 – 1.1770. Reason: narrowing bullish Ichimoku Cloud with falling Senkou Span A; a new dead cross of Tenkan-sen and Kijun-sen; the prices returned into the Cloud and will test the support of Senkou Span B. More: https://fbs.com/analytics/articles/eur_usd%3a_euro_fell_into_cloud_again_2996

USD/JPY: BULLISH "THREE METHODS" 14:04 15.08.2017 There isn't any reversal pattern so far, cause all the last candles are bullish. Therefore, the market is likely going to test the 89 Moving Average in the coming hours. We've got a bullish "Three Methods", which hasn't been confirmed yet. Anyway, bulls are likely going to continue pushing the price even higher until any bearish pattern arrives. More: https://fbs.com/analytics/articles/usd_jpy%3a_bullish_%22three_methods%22_2984

EUR/USD: 55 MA TESTED ONCE AGAIN 14:01 15.08.2017 The 55 Moving Average has been tested once again, but we still don't have any confirmed bullish pattern. So, we could have a new local low soon. If another pullback from the nearest support happens, there'll be an option to have an upward price movement We've got a bullish "Hammer" at the local low, but confirmation of this pattern isn't enough. So, the price is likely going to test the 34 & 55 Moving Averages, which could be a departure point for another decline. More: https://fbs.com/analytics/articles/eur_usd%3a_55_ma_tested_once_again_2983

AUD/USD IS GETTING READY FOR A BREAK 11:12 15.08.2017 Recommendations: BUY 0.7918 SL 0.7863 TP 0.8030, SELL 0.7838 SL 0.7893 TP 0.7740 On the daily chart, AUD/USD keeps consolidating in the range between 0.7835 and 0.7915. The break of its upper border will create an opportunity for the bullish trend resumption. On the other hand, successful test of support at 0.7835 will increase the risks of 113% target of the “Shark” pattern. On H1, AUD/USD formed a “widening wedge”. A successful test of the upper border of the rising channel with the following retest of point 5 will be a signal for long positions. On the other hand, return to point 4 and break below support will allow bears to continue their assault. More: https://fbs.com/analytics/articles/aud_usd_is_getting_ready_for_a_break_2980

GBP/USD: BEARISH "PENNANT" 10:08 15.08.2017 The price is consolidating between the levels 1.3032 - 1.3047. Also, there's a "Flag" pattern, so bears are likely going to achieve the closest support at 1.2926 - 1.2951. If a pullback from this area happens, we should keep an eye on the nearest resistance at 1.3013 - 1.3032 as an intraday bullish target. The 55 Moving Average has acted as resistance, so we've got a "Triple Top" pattern. At the same time, there's a "Pennant", so the market is likely going to test the next support at 1.2926 - 1.2951 in the coming hours. Considering a possible pullback from these levels, there's an option to have a bullish price movement towards resistance at 1.2997 - 1.3013 little later on. More: https://fbs.com/analytics/articles/gbp_usd%3a_bearish_%22pennant%22_2976

EUR/USD: BEARS GOING TO TEST NEXT SUPPORT 10:05 15.08.2017 Bulls faced resistance at 1.1846, so there's a "Triple Top", which pushed the price to support at 1.1757. So, the market is likely going to test the nearest support at 1.1712 in the short term. If a pullback from this level happens, bulls will probably try to reach the nearest resistance at 1.1846 - 1.1875. The last "Pennant" pattern has been broken, so the price found support at 1.1757. Nevertheless, the pair is likely going to test the next support at 1.1727 - 1.1712 during the day. However, there's an opportunity to have an upward correction towards resistance at 1.1801 - 1.1823 afterwards. More: https://fbs.com/analytics/articles/eur_usd%3a_bears_going_to_test_next_support_2975

USD/JPY: DOLLAR ROSE TO CLOUD 08:38 15.08.2017 Technical levels: support – 109.80; resistance – 110.70. Trade recommendations: Sell — 110.70; SL — 110.90; TP1 — 109.80; TP2 — 109.10. Reason: bearish Ichimoku Cloud with falling Senkou Span B; a cancelled dead cross of Tenkan-sen and Kijun-sen, rising lines; the Cloud will resist the bull’s attack. More: https://fbs.com/analytics/articles/usd_jpy%3a_dollar_rose_to_cloud_2969

GBP/USD: BEARS CAN REACH NEW LOWS 08:37 15.08.2017 Technical levels: support – 1.2960, 1.2910; resistance – 1.3040, 1.3100. Trade recommendations: Buy — 1.2980; SL — 1.2960; TP1 — 1.3040; TP2 — 1.3100. Buy — 1.2910; SL — 1.2890; TP1 — 1.3000; TP2 — 1.3040. Reason: bearish Ichimoku Cloud with horizontal Senkou Span A and B; a cancelled dead cross of Tenkan-sen and Kijun-sen; the prices on the strong support, but the Bears can breakdown it to 1.2910. More: https://fbs.com/analytics/articles/gbp_usd%3a_bears_can_reach_new_lows_2968

USD/JPY: "DOJI" PUSHED PRICE HIGHER 14:19 14.08.2017 The last "Doji" pushed the price higher. However, there isn't any bearish pattern so far, so the pair is likely going to test the next Moving Average. If a pullback from this line happens, we could have just another decline. We've got a "Doji" and a "Hammer", which both have been confirmed enough. So, bulls are likely going to test the nearest "Window" in the short term. If any bearish pattern arrives little later on, there'll be an opportunity to have a decline. More: https://fbs.com/analytics/articles/usd_jpy%3a_%22doji%22_pushed_price_higher_2957

EUR/USD: "HARAMI" AND "ENGULFING" 14:18 14.08.2017 The 55 Moving Average has acted as support, but there's a bearish "Doji" on the last high. So, the price is likely going to test the 34 MA, which could be a departure point for another upward price movement. There are bearish patterns such a "Harami" and an "Engulfing". So, the 34 & 55 Moving Averages are going to act as support. If we have a pullback from these lines, there'll be an opportunity to see a local upward price movemen More: https://fbs.com/analytics/articles/eur_usd%3a_%22harami%22_and_%22engulfing%22_2956

GBP/USD: 55 MA ACTING AS RESISTANCE 12:17 14.08.2017 The price is consolidating between the levels 1.3032 - 1.3047. Also, we've got a "Triangle", but the 89 Moving Average is acting as support. Anyway, bulls are likely going to test the nearest resistance at 1.3058 - 1.3081. If a pullback from these level arrives later on, we could have a decline towards support at 1.3013. There's a "Bear Trap", so we've got a new local high. The 55 Moving Average is acting as resistance, so we should keep an eye on the closest support at 1.2982 as an intraday target. Meanwhile, bulls are likely going to test the next resistance at 1.3058 - 1.3082 soon. More: https://fbs.com/analytics/articles/gbp_usd%3a_55_ma_acting_as_resistance_2944

EUR/USD: "TRIPLE TOP" PATTERN 12:14 14.08.2017 The upper side of the last "Wedge" pattern has been broken, so the price is rising. The main intraday target is the nearest resistance at 1.1875 - 1.1909. If a pullback from this area happens afterwards, there'll be an opportunity to have a decline. All Moving Averages have been broken, but there's a "Triple Top" pattern, so the price is likely going to reach the closest support at 1.1801 - 1.1784. However, if we see a pullback from this area, bulls will probably try to reach the next resistance at 1.1845 - 1.1875. More: https://fbs.com/analytics/articles/eur_usd%3a_%22triple_top%22_pattern_2943

NZD/USD IS PREPARING TO TAKE OFF 11:03 14.08.2017 Recommendation: BUY 0.7335 SL 0.7280 TP1 0.7445 TP2 0.7525 On the daily chart, NZD/USD keeps forming the inverted 5-0 pattern. The recoil of support at 0.7278 (38.2% of the wave CD) allowed traders to form longs in hope for a resumption of the uptrend. The necessary condition for this scenario is the return of the prices inside the borders of the short-term uptrend channel. On H1, NZD/USD is forming a “Dragon” pattern. The break of resistance at 0.7334-0.7337 (61.8% of the last bullish wave + the upper border of the descending trend channel + dragon’s head) will increase the odds of the bearish trend. More: https://fbs.com/analytics/articles/nzd_usd_is_preparing_to_take_off_2940

USD/JPY: YEN WANTS TO COME BACK 10:48 14.08.2017 On the daily chart, USD/JPY bulls are trying to return the pair inside the triangle. If they manage to do it, successful test of resistance at 110.52 will strengthen the risks of correction towards the upper border of the downtrend channel. On the other hand, if bulls fail, bears will be able to keep pulling the pair down to 108 and then 104 (161.8% target of AB=CD). On H1, the pair left the descending trend channel and is now testing resistance at 109.62. A successful test will strengthen the odds of 88.6% target of “Shark” pattern. More: https://fbs.com/analytics/articles/usd_jpy%3a_yen_wants_to_come_back_2938