riki143

AUD/USD: AUSSIE IS IN CORRECTION TO SSB 09:12 09.08.2017 Technical levels: support – 0.7820/30; resistance – 0.7910. Trade recommendations: Sell — 0.7910; SL — 0.7930; TP1 — 0.7830. Reason: narrowing bullish Ichimoku Cloud, falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen; the prices are in the Cloud and going to the support of Senkou Span B. More: https://fbs.com/analytics/articles/aud_usd%3a_aussie_is_in_correction_to_ssb_2835

GBP/USD: POUND ENTERED INTO NEGATIVE AREA 09:11 09.08.2017 Technical levels: support – 1.2910; resistance – 1.3030. Trade recommendations: Sell — 1.3030; SL — 1.3050; TP1 — 1.2950; TP2 — 1.29100. Reason: narrow bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen; the bears are breaking down SSB’s support and going to 3W-lows. More: https://fbs.com/analytics/articles/gbp_usd%3a_pound_entered_into_negative_area_2834

EUR/NZD TOWARDS THE 1.6115 AREA IN THE SHORT-TERM 06:33 09.08.2017 EUR/NZD has been consolidating above the 200 SMA, gaining momentum across the board and looks forward to duplicating a cycle started from the last week of June, until the second week of July. According to our Fibonacci projections, the pair needs to rally towards the resistance level of 1.6114, at which is located the 100% Fibonacci expansion level. On that area, EUR/NZD can start to consolidate gains and later it can retrace to test the support level of 1.5874. RSI indicator continues to favor the bullish side in the pair. More: https://fbs.com/analytics/articles/eur_nzd_towards_the_1.6115_area_in_the_short_term_2828

NZD/USD BROKE SUPPORT LEVEL 0.7340 21:17 08.08.2017 NZD/USD broke support level 0.7340 Next sell target - 0.7200 NZD/USD today broke below the support level 0.7340 (former resistance level from June which was set as the sell target in our earlier forecast for this currency pair). The breakout of the support level 0.7340 should accelerate the active minor corrective wave 2 (which started earlier from the powerful resistance level 0.7550). NZD/USD is expected fall further toward the next sell target at the next support level 0.7200 (low of the previous corrective waves 4 and (2)). More: https://fbs.com/analytics/articles/nzd_usd_broke_support_level_0.7340_2822

NZD/JPY REVERSED FROM RESISTANCE AREA 21:15 08.08.2017 NZD/JPY reversed from resistance area Next sell target - 80.00 NZD/JPY recently reversed down from the resistance area lying between the resistance level 83.600 (which was set as the buy target in our earlier forecast for this currency pair and which reversed the earlier sharp upward impulse waves (3) and (5), as can be seen below) and the upper weekly Bollinger Band. NZD/JPY is expected to fall further to next sell target at the next round support level 80.00 (intersecting with the 50% Fibonacci correction of the weekly upward impulse from April). More: https://fbs.com/analytics/articles/nzd_jpy_reversed_from_resistance_area_2821

USD/JPY: SUPPORT BY "WINDOW" 16:50 08.08.2017 The lower "Window" has acted as support, so we've got a local "Hammer". However, the price faced with the Moving Averages once again, which means bears are likely going to test the nearest "Window" one more time. There isn't any reversal pattern so far, so all the last candles are bearish. Moreover, there's a "High Wave" pattern, which has been formed on the 55 Moving Average. So, we could have a new low pretty soon. More: https://fbs.com/analytics/articles/usd_jpy%3a_support_by_%22window%22_2819

EUR/USD: "HARAMI" PATTERN 16:47 08.08.2017 The 34 Moving Average has acted as support, so we've got a "Harami" pattern on this line. So, bulls are likely going to test the nearest resistance level, which could be a departure point for another decline towards the 55 MA. The price is consolidating between the 34 & 55 MA. Also, there isn't any reversal pattern so far. In this case, the market is likely going to reach the closest resistance. If a pullback from this level happens, we could have a downward price movement in the direction of the last low. More: https://fbs.com/analytics/articles/eur_usd%3a_%22harami%22_pattern_2818

USD/JPY: BULLS PREVENTED BY CLOUD 11:34 08.08.2017 Technical levels: support – 110.00, 110.40; resistance – 110.70. Trade recommendations: Sell — 110.40; SL — 110.60; TP1 — 110.00; TP2 — 109.60. Buy — 110.80; SL — 110.60; TP1 — 111.40; TP2 — 111.80. Reason: bearish Ichimoku Cloud with horizontal Senkou Span A and B; a corretional dead cross of Tenkan-sen and Kijun-sen, rising Tenkan-sen; the Cloud’s resistance is under the bull’s attack. More; https://fbs.com/analytics/articles/usd_jpy%3a_bulls_prevented_by_cloud_2806

EUR/USD: EURO MAY ENTER INTO CLOUD 11:33 08.08.2017 Technical levels: support – 1.1780; resistance – 1.1820. Trade recommendations: Buy — 1.1830; SL — 1.1810; TP1 — 1.1900; TP2 – 1.1930. Sell — 1.1800; SL — 1.1820; TP1 — 1.1710; TP2 – 1.1650. Reason: bullish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal Tenkan-sen and Kijun-sen; the market supported by the Cloud, but the correction may continue to Senkou Span B More: https://fbs.com/analytics/articles/eur_usd%3a_euro_may_enter_into_cloud_2805

GBP/USD: BEARISH "FLAG" PATTERN 10:48 08.08.2017 The price is consolidating under the broken downtrend. The 89 Moving Average is acting as support, but bears are likely going to test the next support at 1.2997 - 1.2982. If a pullback from these levels arrives little later on, we should keep an eye on the nearest resistance at 1.3083 as an intraday target. It's likely that there's a bearish "Flag" pattern. If so, the pair is going to reach the closest support at 1.2997 - 1.2982 during the day. At the same time, this area could be a departure point for an upward correction. More: https://fbs.com/analytics/articles/gbp_usd%3a_bearish_%22flag%22_pattern_2802

NZD/USD: BEARS COUNTERATTACKED 10:19 08.08.2017 Recommendation: BUY 0.7280 SL 0.7225 TP1 0.738 TP2 0.7460 TP3 0.7560 On the daily chart, NZD/USD reached targets on the inverted “Shark” pattern. After reaching 113% target of the wave XC the pair started correcting towards 23.6%, 38.2% and 50%. There’s a transformation of the 5-0 pattern with the following resumption of an uptrend. Use recoils from supports at 0.7280 and 0.7190 for opening long positions. On H1, NZD/USD left the triangle and tested the 0.7460-0.7525 consolidation range in line with “Spike and ledge” pattern. This gave the pair a reason for correction to 0.7277 and 0.7241. More: https://fbs.com/analytics/articles/nzd_usd%3a_bears_counterattacked_2798

AUD/USD IS CHASING THE “SHARK” 10:04 08.08.2017 Recommendation: SELL 0.7880, SL 0.7935, TP 0.7760 On the daily chart, AUD/USD keeps correction to the uptrend. For its further development bears need to pull the prices below 0.7900 and renew correction low at 0.7875. In this case, the “Shark” pattern will be triggered. Its 88.6% target corresponds to the lower border of the medium-term uptrend. On H1, AUD/USD keeps consolidating in the 0.7880-0.7965 area in line with “Shakeout-Fakeout” and “Spike and ledge” patterns. The break of support at 0.7880 will be a signal for the development of correction towards 0.7760. More: https://fbs.com/analytics/articles/aud_usd_is_chasing_the_%E2%80%9Cshark%E2%80%9D_2797

EUR/USD: 34 MA ACTED AS SUPPORT 10:46 08.08.2017 The 34 Moving Average has acted as support, so the price is consolidating. Nevertheless, bears are likely going to test the next support at 1.1757, so we could have a new low soon. If a pullback from this level happens, there'll be an opportunity to have an upward price movement towards the nearest resistance at 1.1801 - 1.1845. There's a "V-Top" pattern, so the market is likely going to reach the closest support at 1.1757 - 1.1727. However, if we see a pullback from this area, bulls will probably try to achieve resistance between the levels 1.1801 - 1.1818. More: https://fbs.com/analytics/articles/eur_usd%3a_34_ma_acted_as_support_2801

USD/JPY: BULLS PREVENTED BY CLOUD 11:34 08.08.2017 Technical levels: support – 110.00, 110.40; resistance – 110.70. Trade recommendations: Sell — 110.40; SL — 110.60; TP1 — 110.00; TP2 — 109.60. Buy — 110.80; SL — 110.60; TP1 — 111.40; TP2 — 111.80. Reason: bearish Ichimoku Cloud with horizontal Senkou Span A and B; a corretional dead cross of Tenkan-sen and Kijun-sen, rising Tenkan-sen; the Cloud’s resistance is under the bull’s attack. More: https://fbs.com/analytics/articles/usd_jpy%3a_bulls_prevented_by_cloud_2806

EUR/NZD REVERSED FROM SUPPORT ZONE 20:22 07.08.2017 EUR/NZD reversed from support zone Next buy target - 1.6200 EUR/NZD continues to rise inside the minor impulse wave (iii) which earlier reversed up from the key support zone lying between the support level 1.5890 (which stopped the previous impulse wave (i) in the middle of June, as can be seen below) and the 38.2% Fibonacci correction of the previous sharp upward impulse from the end of July. EUR/NZD is expected to rise further to the next buy target at the next resistance level 1.6200 (top of the earlier wave A and the target price for the completion of the active impulse (iii)). More: https://fbs.com/analytics/articles/eur_nzd_reversed_from_support_zone_2783

NZD/CHF FALLING INSIDE PRIMARY IMPULSE WAVE ? 20:21 07.08.2017 NZD/CHF falling inside primary impulse wave ? Next buy target - 0.9800 NZD/CHF continues to fall inside the primary impulse wave ?, which started earlier from the resistance zone lying between the key resistance level 0.7320 (which stopped the previous impulse waves 3 and 5,as can be seen from the weekly NZD/CHF chart below) and the upper weekly Bollinger Band. Given the strength of the aforementioned resistance zone and the overbought reading on the weekly Stochastic indicator - NZD/CHF is expected to fall further to next sell target at the next round support level 0.7000 (which reversed earlier wave . More: https://fbs.com/analytics/articles/nzd_chf_falling_inside_primary_impulse_wave_%E2%91%A2_2782

USD/JPY: "WINDOW" ACTED AS SUPPORT 14:21 07.08.2017 The lower "Window" has acted as support, so there are bullish patterns such a "Hammer" and a "Doji". In this case, we should keep an eye on the 89 Moving Average as an intraday target, which could bring any bearish pattern afterwards. We've got a pullback from the upper "Window", so there's a "Shooting Star". However, confirmation of this pattern is a quite weak, so we could have one more test of the "Window". If another pullback arrives later on, there'll be an opportunity to have a decline towards the Moving Averages. More: https://fbs.com/analytics/articles/usd_jpy%3a_%22window%22_acted_as_support_2777

EUR/USD: "HAMMER" LED TO BULLISH CORRECTION 14:19 07.08.2017 The last "Shooting Star" and "Engulfing" patterns have been confirmed, but the 34 Moving Average has acted as support. So, we could have a local upward correction in the short term. Nevertheless, bears are likely going to test the 55 MA afterwards. There's an "Inverted Hammer" at the last low, so the price is rising. It's likely that the market is going to continue moving up towards the nearest resistance area. If any bearish pattern arrives later on, we could have just another decline.] More: https://fbs.com/analytics/articles/eur_usd%3a_%22hammer%22_led_to_bullish_correction_2776

EUR/JPY: BULLS MADE A STOP 11:36 07.08.2017 Recommendation: SELL 129.5, SL 130.05, TP1 128.5, TP2 127.95 BUY 130.2, SL 129.65, TP1 131.2, TP2 134.00 On the daily chart, EUR/JPY starts consolidating in the 128.5-131.3. If support at 128.5 fails, the pair may decline to 88.6% target of the “Shark” pattern. On H1, if bulls fail to renew August high in the near term, “Shakeout-Fakeout” may form. The pair was trading in the 128.5-130.5 range for several weeks. Return to its middle will mean a false breakout. More: https://fbs.com/analytics/articles/eur_jpy%3a_bulls_made_a_stop_2771

USD/JPY: YEN FOUND A DRAGON 11:14 07.08.2017 Recommendation: BUY 111.05 SL 110.6 TP1 111.65 TP2 112.15 On the daily chart, USD/JPY managed to overcome resistance at 100.52 (23.6% of the long-term descending wave) and quit the uptrend channel. To prove the seriousness of their intentions, bulls need to hold positions. On H1, USD/JPY keeps forming the reversal “Dragon” pattern. To move up and keep forming the dragon’s head at the level of the dragon’s head (111.6) bulls need to conquer resistance at 110.92 and renew correction low at 111.05. More: https://fbs.com/analytics/articles/usd_jpy%3a_yen_found_a_dragon_2770

GBP/USD: BEARISH "PENNANT" PATTERN 10:55 07.08.2017 The 89 Moving Average has acted as support, so the price is consolidating. It's likely that the market is going to reach the nearest support at 1.2997 - 1.2982 in the short term. Meanwhile, if a pullback from these levels happens, bulls will have a green light to achieve the closest resistance at 1.3083. There's a bearish "Pennant" pattern, so the pair is likely going to continue moving down. The main intraday target is the next support at 1.2997 - 1.2982. This area could be a departure point for a bullish price movement in the direction of the nearest resistance at 1.3083 More: https://fbs.com/analytics/articles/gbp_usd%3a_bearish_%22pennant%22_pattern_2768

GBP/USD: BEARISH "PENNANT" PATTERN 10:55 07.08.2017 The 89 Moving Average has acted as support, so the price is consolidating. It's likely that the market is going to reach the nearest support at 1.2997 - 1.2982 in the short term. Meanwhile, if a pullback from these levels happens, bulls will have a green light to achieve the closest resistance at 1.3083. There's a bearish "Pennant" pattern, so the pair is likely going to continue moving down. The main intraday target is the next support at 1.2997 - 1.2982. This area could be a departure point for a bullish price movement in the direction of the nearest resistance at 1.3083 More: https://fbs.com/analytics/articles/gbp_usd%3a_bearish_%22pennant%22_pattern_2768

EUR/USD: CONFIRMED "DOUBLE TOP" PATTERN 10:51 07.08.2017 We've got a "Double Top" pattern, which has been confirmed. Also, the 34 Moving Average has acted as support, so the price is consolidating. Nevertheless, the pair is likely going to reach the next support at 1.1683 in the short term. If a pullback from this level happens, there'll be an opportunity to have an upward price movement towards the nearest resistance at 1.1757 - 1.1801. There's a consolidation, which is taking place under resistance at 1.1801. However, bears are likely going to achieve the closest support at 1.1712 - 1.1683 during the day. If a pullback from this area happens, we should keep an eye on resistance at 1.1784 - 1.1801 as an intraday target. More: https://fbs.com/analytics/articles/eur_usd%3a_confirmed_%22double_top%22_pattern_2767

AUD/USD: AUSSIE ENTERED INTO NEUTRAL AREA 09:57 07.08.2017 Technical levels: support – 0.7910, 0.7830; resistance – 0.7990. Trade recommendations: Buy — 0.7830; SL — 0.7810; TP1 — 0.7990; TP2 — 0.8030. Sell — 0.7920; SL — 0.7940; TP1 — 0.7830. Reason: bullish Ichimoku Cloud, but falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen; the prices are entered into the Cloud and may going lower to the support of Senkou Span B. More: https://fbs.com/analytics/articles/aud_usd%3a_aussie_entered_into_neutral_area_2764

GBP/USD: POUND SUPPORTED BY SSB 09:56 07.08.2017 Technical levels: support – 1.3030; resistance – 1.3140. Trade recommendations: Buy — 1.3040; SL — 1.3020; TP1 — 1.3110; TP2 — 1.3140. Reason: narrowing bullish Ichimoku Cloud with falling Senkou Span A; a new correctional dead cross of Tenkan-sen and Kijun-sen; the prices entered into the Cloud but supported by Senkou Span B. More: https://fbs.com/analytics/articles/gbp_usd%3a_pound_supported_by_ssb_2763