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GBP/USD WITH ANOTHER POSSIBLE LEG LOWER 22:45 06.08.2017 GBP/USD was one of the major losers during last week, following BoE’s decision to keep rates unchanged and positive NFP data in the United States. Currently, the pair is forming a lower low pattern below the 1.3058 level and it’s awaiting to duplicate a cycle started since August 3rd, towards the 1.3010 level, at which is located the Fibonacci zone of 100%. That’s why our preferred scenario is calling for another leg lower, but above 1.2974, Cable might start to correct the downside and such rebound could be limited in a first degree by the resistance area of 1.3123. RSI indicator is still at the oversold territory. More: https://fbs.com/analytics/articles/gbp_usd_with_another_possible_leg_lower_2757

USD/JPY: CONFIRMED BULLISH "ENGULFING" 12:08 04.08.2017 There's a "Hammer", which has been formed on the lower "Window". If this pattern confirms, the pair is likely going to test the 21 Moving Average, which could be a departure point for another decline The last bullish "Engulfing" pattern has been confirmed, so the market is likely going to rise in the short term. The main intraday target is the 55 Moving Average and the nearest "Window". More: https://fbs.com/analytics/articles/usd_jpy%3a_confirmed_bullish_%22engulfing%22_2744

EUR/USD: BULLISH "HAMMER" 12:06 04.08.2017 The last "Shooting Star" hasn't been confirmed. Also, there isn't any reversal pattern so far, which means the market is likely going to continue moving up. If any bearish pattern forms afterwards, there'll be an opportunity to have a downward correction. We've got a bullish "Hammer", which led to the current upward price movement. In this case, the pair is likely going to reach the nearest resistance during the day. If a pullback from this level happens, we should keep an eye on the 55 Moving Average as the next bearish target. More: https://fbs.com/analytics/articles/eur_usd%3a_bullish_%22hammer%22_2743

USD/CHF: PREPARING FOR A RALLY 10:46 04.08.2017 Recommendation: BUY 0.9720 SL 0.9665 TP1 0.9890, TP2 1.0025 On the daily chart, USD/CHF keeps trading within the “Wolfe waves” pattern. Bulls managed to keep the pair above support at 0.9650. If the pair rises above July high, it will continue going up towards 1.0025-1.0030. Here there’s target of the reversed “Shark” pattern. On H1, the pair finishes forming the “Dragon” pattern. The pair’s currently testing the head of the dragon located at the level of the dragon’s curling tail. USD/CHF is consolidating in the 0.9635-0.9720. The break above the upper border will strengthen the odds of a further rally. More: https://fbs.com/analytics/articles/usd_chf%3a_preparing_for_a_rally__2741

GBP/USD: "RISING WEDGE" LED TO MASSIVE DECLINE 10:41 04.08.2017 We've got a "Triple Top" pattern, so the price reached the 34 Moving Average. Nevertheless, bears are likely going to test the next support at 1.3083. If we see a pullback from this level, there'll be an option to have an upward correction towards the nearest resistance at 1.3158 - 1.3184. The last "Rising Wedge" pattern led to the yesterday's massive decline. The main intraday target is the 55 Moving Average, which could be a departure point for another decline in the direction of the closest support at 1.3083. More: https://fbs.com/analytics/articles/gbp_usd%3a_%22rising_wedge%22_led_to_massive_decline_2739

EUR/USD: BULLS GOING TO TEST NEXT RESISTANCE 10:39 04.08.2017 The price is consolidating along resistance at 1.1875. So, bulls are likely going to test the next resistance at 1.1923. If a pullback from this level happens afterwards, there'll be an opportunity to have a decline towards the nearest support at 1.1801. There's a consolidation, which is taking place between the levels 1.1909 - 1.1846. It seems like the market is going to reach the closest support at 1.1856 - 1.1846 during the day. However, if we see a pullback from these levels, bulls will probably try to achieve another resistance at 1.1923 More: https://fbs.com/analytics/articles/eur_usd%3a_bulls_going_to_test_next_resistance_2738

GBP/USD: PICTURE TURNED NEGATIVE 10:36 04.08.2017 Recommendation: SELL 1.3075 SL 1.3130 TP1 1.2925 TP2, 1.2860 On the daily chart, there was a combination of the senior and junior “3 Indians” patterns. As a result, the pair fell to support at 1.3120. To develop correction, bears will have to return the prices to the middle of the previous consolidation range (1.2930-1.3120). In this case, the pair will trigger “Spike and ledge” pattern. On the other hand, recoil from these levels to the downside will allow the bulls to return the initiative. On H1, if the prices break below support at 1.3105 and leave the uptrend channel, risks of a “Shark” pattern will increase. More: https://fbs.com/analytics/articles/gbp_usd%3a_picture_turned_negative_2737

USD/JPY: DOLLAR’S FALLING CONTINUE 09:04 04.08.2017 Technical levels: support – 110.00; resistance – 110.50. Trade recommendations: Sell — 110.50; SL — 110.70; TP1 — 110.00; TP2 — 109.60. Reason: bearish Ichimoku Cloud with falling Senkou Span A; a cancelled dead cross of Tenkan-sen and Kijun-sen, horizontal lines; the prices are made the new low – waiting for the correction to Tenkan an Kijun. More: https://fbs.com/analytics/articles/usd_jpy%3a_dollar%E2%80%99s_falling_continue_2733

AUD/USD: BULLS LOOK STRONG 09:03 04.08.2017 Technical levels: support – 0.7950; resistance – 0.7990. Trade recommendations: Buy — 0.7970; SL — 0.7950; TP1 — 0.8030; TP2 — 0.8080. Reason: bullish Ichimoku Cloud; horizontal Senkou Span A, but rising Senkou Span A; a correctional dead cross of Tenkan-sen and Kijun-sen wit horizontal lines; the prices are in the Cloud, but bulls are trying to break out into the positive area. More: https://fbs.com/analytics/articles/aud_usd%3a_bulls_look_strong_2732

USD/JPY: PRICE GOING TO TEST "WINDOW" 15:13 03.08.2017 There's a bearish "Engulfing" on the 21 Moving Average, so the price is likely going to test the last low and the nearest "Window". If a pullback from this level happens, there'll be time for a local upward correction. The 89 Moving Average has acted as resistance, so we've got an "Engulfing" pattern, which has been confirmed. Also, there isn't any bullish pattern so far, which means the market is likely going to continue moving down during the day. More: https://fbs.com/analytics/articles/usd_jpy%3a_price_going_to_test_%22window%22_2715

EUR/USD: "SHOOTING STAR" PATTERN 15:10 03.08.2017 We've got a "Shooting Star" pattern, which hasn't been confirmed yet. So, we could have just a local bearish correction towards the last "Three Methods" pattern. However, bulls will probably try to deliver a new high afterwards. There's a local bullish "Hammer", so the price is likely going to test the nearest resistance. If a pullback from this level happens, bears will have a green light to test the 89 Moving Average. More: https://fbs.com/analytics/articles/eur_usd%3a_%22shooting_star%22_pattern_2714

GBP/USD: "RISING WEDGE" PATTERN 11:27 03.08.2017 The price is consolidating under resistance at 1.3234, but we've got a "Double Top". If this pattern confirms, bears are likely going to test the nearest support at 1.3184. If a pullback from this level happens, there'll be an opportunity to have an upward price movement towards the next resistance at 1.3277. We've got a "Rising Wedge" pattern, so the price is likely going to test the closest resistance at 1.3243 - 1.3250 during the day. However, if we see a pullback from this area, bulls will have a green light to achieve another support at 1.3207 - 1.3184. More: https://fbs.com/analytics/articles/gbp_usd%3a_%22rising_wedge%22_pattern_2701

EUR/USD: "THORN" PATTERN 11:25 03.08.2017 The last "Flag" pattern led to another bullish rally, so the price faces resistance at 1.1923. Also, there's a "Thorn" pattern, which means the market is likely going to reach the nearest support at 1.1801. If a pullback from this level happens, we could have another upward price movement towards the next resistance at 1.1875 - 1.1923. There's a "Thorn" pattern, so the price achieved support at 1.1846. In this case, we could have a local bullish price movement towards the closest resistance at 1.1876. If a pullback from this level arrives afterwards, bears are likely going to test the nearest support at 1.1818 - 1.1801. More: https://fbs.com/analytics/articles/eur_usd%3a_%22thorn%22_pattern_2700

USD/CAD: BULLS ARE HAVING TROUBLES 09:55 03.08.2017 Recommendation: SELL 1.2540 SL 1.2595 TP1 1.2420, TP2 1.2200 On the daily chart, we see a start of correction to the downtrend towards 23.6%, 38.2% and 50% of the wave CD. It became possible because the “Shark” pattern transformed into 5-0. To confirm their intentions, bulls need to lead the pair outside of the downtrend channel. On H1, USD/CAD is forming the “Dragon” pattern. Usually the dragon's head forms in the convergence area on the levels of the dragon’s head (1.2610-1.2635). If bulls fail to get above the resistance, risks of the “rising wedge” will increase. More: https://fbs.com/analytics/articles/usd_cad%3a_bulls_are_having_troubles_2696

EUR/USD: EURO IS AIMING NORTH 09:47 03.08.2017 On the daily chart, EUR/USD keeps forming the wave 4-5 of the “Widening wave” pattern. In future, 23.6%, 38.2% and 50% of this wave may be used for opening long positions. However, it’s firstly necessary to wait until the wave is finished. On H1, there is a “Spike and reversal with an acceleration” pattern. At the moment, the pair is in the “Spike” phase. The break of a trend line will strengthen the risks of decline towards support at 1.1765, 1.1680 and 1.1580. Never the less, as long as the pair’s above the lower border of the uptrend channel, bulls remain in control. More: https://fbs.com/analytics/articles/eur_usd%3a_euro_is_aiming_north__2695

USD/JPY: "WINDOW" ACTED AS SUPPORT 14:48 02.08.2017 The last bullish "High Wave" pattern has been confirmed, so the price reached the 21 Moving Average. However, the pair is likely going to test the next 34 MA. If a pullback from this line happens afterwards, there'll be an opportunity to have a decline towards the nearest support level. The lower "Window" has acted as support, so we're going to have a bullish correction. The main intraday target is the 34 Moving Average, which could be a departure point for another decline. More: https://fbs.com/analytics/articles/usd_jpy%3a_%22window%22_acted_as_support_2673

EUR/USD: "HARAMI" PATTERN 14:45 02.08.2017 There's a bearish "Harami" at the last high. If this pattern confirms, the market is likely going to test the nearest support level. Anyway, bulls will probably try to push the price even higher afterwards. We've got a "Harami" pattern, so bears are likely going to test the 34 Moving Average during the day. Meanwhile, if a pullback from this line happens, we could have just another upward price movement. More: https://fbs.com/analytics/articles/eur_usd%3a_%22harami%22_pattern_2672

AUD/USD: AUSSIE RETURNED TO CLOUD AGAIN 12:41 02.08.2017 Technical levels: support – 0.7910/20; resistance – 0.7990. Trade recommendations: Buy — 0.7910; SL — 0.7890; TP1 — 0.7990; TP2 — 0.8030. Reason: bullish Ichimoku Cloud, but falling Senkou Span A; a cancelled golden cross of Tenkan-sen and Kijun-sen wit horizontal lines; the prices are on the support of the Cloud. More: https://fbs.com/analytics/articles/aud_usd%3a_aussie_returned_to_cloud_again_2663

EUR/USD: EURO ON NEW HIGHS 12:41 02.08.2017 Technical levels: support – 1.1820; resistance – 1.1935. Trade recommendations: Buy — 1.1820; SL — 1.1800; TP1 — 1.1900; TP2 – 1.1930. Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen and Kijun-sen; the prices made a new local highs since 2015 year. More: https://fbs.com/analytics/articles/eur_usd%3a_euro_on_new_highs_2662

AUD/USD MADE A STOP 11:03 02.08.2017 Recommendations: SELL 0.7920, SL 0.7985, TP 0.7820 BUY 0.7760, SL 0.7705, TP1 0.7880, TP2 0.8030, TP3 0.8200 On the daily chart, there’s a “Spike and reversal with acceleration” pattern. The break of a trendline in the ‘spike” phase increases the risks of correction towards 0.7800. In that area, there’s a 88.6% target of a “Shark” pattern and the lower border of the bullish channel. On H1, there’s a “Shakeout-Fakeout” pattern. Return of the pair to the middle of the 0.7880-0.7965 channel will strengthen the risks of a pullback towards 113% and 161.8% targets of “Shark” and “Crab” patterns. More: https://fbs.com/analytics/articles/aud_usd_made_a_stop_2660

GOLD: BULLS STARTED TO LOSE 10:56 02.08.2017 Recommendation: SELL $1263 SL $1273 TP $1248. On the daily chart, bulls keep trying to return the prices inside the previous uptrend channel. Gold price formed an inside bar and doji. This points at uncertainty. Buyers’ success will allow us to expect a resumption of an uptrend, while their failure will trigger a correction. On H1, the prices reached 200% target of AB=CD and finished forming the “Widening wedge” pattern. The break of support at $1263 an ounce will open the way down to $1257 and $1248. More: https://fbs.com/analytics/articles/gold%3a_bulls_started_to_lose_2659

GBP/USD: BEARS GOING TO TEST NEAREST SUPPORT 10:55 02.08.2017 There's a "Triple Top" at the last high. If this pattern confirms, bears are likely going to test the nearest support at 1.3158. Meanwhile, if a pullback from this level happens afterwards, there'll be an opportunity to have another upward price movement towards the next resistance at 1.3234 - 1.3277. The price is still consolidating. However, there's a "Triple Top" pattern, which has been confirmed, but bears faced support at 1.2184. So, we could have a local correction during the day. Nevertheless, we should keep an eye on the next support as an intraday bearish target. More: https://fbs.com/analytics/articles/gbp_usd%3a_bears_going_to_test_nearest_support_2658

EUR/USD: "FLAG" PATTERN 10:53 02.08.2017 The price is consolidating between the levels 1.1846 - 1.1776. Also, there's a "Flag" pattern, so the market is likely going to test the nearest resistance at 1.1846 - 1.1875. If a pullback from this area happens, there'll be an opportunity to have a decline towards the closest support at 1.1801. We've got a "Flag" right under resistance at 1.1846. It's likely that the price is going to test the lower side of this pattern. Anyway, bulls will probably try to test the next resistance at 1.1846 - 1.1875 afterwards. More: https://fbs.com/analytics/articles/eur_usd%3a_%22flag%22_pattern_2657

USD/JPY: BULLISH "HIGH WAVE" 16:54 01.08.2017 There's a bullish "High Wave" at the last low. Considering confirmation of this pattern, there's an opportunity to have an upward price movement towards the 21 Moving Average. If a pullback from this line happens, we could have just another decline. The lower "Window" has acted as support, so we've got a "Harami" pattern on this level. The main intraday target is the 34 Moving Average, which could be a departure point for a local correction at least. More: https://fbs.com/analytics/articles/usd_jpy%3a__bullish_%22high_wave%22_2641

EUR/USD: BEARISH "TWEEZERS" 16:52 01.08.2017 We've got a bearish "Tweezers", but this pattern hasn't been confirmed yet. So, we should keep an eye on the nearest support level, which could be a departure point for another upward price movement. There are bearish patterns such an "Engulfing", a "High Wave" and a "Tweezers", which all have been confirmed. In this case, bears are likely going to test the 55 Moving Average in the short term. More: https://fbs.com/analytics/articles/eur_usd%3a_bearish_%22tweezers%22_2640