riki143

GBP/USD: CONFIRMED "THORN" PATTERN 10:06 01.08.2017 The price found resistance at 1.3234, so we should keep an eye on the nearest support at 1.3158 as an intraday bearish target. If a pullback from this level arrived afterwards, there'll be an option to have another bullish rally towards the next resistance at 1.3277. We've got a "Thorn" pattern, which has been confirmed. So, the pair is likely going to test the closest support at 1.3184 - 1.3175 during the day. Meanwhile, if a pullback from this area happens, bulls will probably try to reach another resistance at 1.3234 - 1.3277. More: https://fbs.com/analytics/articles/gbp_usd%3a_confirmed_%22thorn%22_pattern_2625

EUR/USD: "DOUBLE TOP" PATTERN 10:03 01.08.2017 Bulls faced resistance at 1.1846, so the price is consolidating. Therefore, the market is likely going to reach the nearest support at 1.1776 in the short term. If we see a pullback from this level, there'll be an opportunity to have another upward price movement in the direction of the next resistance at 1.1875 - 1.1923. There's a "Double Top" pattern, so bears are likely going to achieve the closest support at 1.1801 - 1.1776. However, if a pullback from this area happens, bulls will have a green light to test the nearest resistance at 1.1846 - 1.1875. More: https://fbs.com/analytics/articles/eur_usd%3a_%22double_top%22_pattern_2624

NZD/USD TOOK A BREAK 09:54 01.08.2017 Recommendation: BUY 0.7525 SL 0.7470 TP1 0.7700, TP2 0.7900 On the daily chart, NZD/USD reached 113% target of the inverted “Shark” pattern. This increases the risks of correction, but doesn’t cancel the long-term uptrend. Increase towards 0.7900 (161.8% target of AB=CD) will likely continue. On H1, NZD/USD formed a triangle and a “Spike and ledge” pattern on the basis of 1-2-3. If the pair quits the 0.7460-0.7525 range, the uptrend may resume or the pair may correct towards the lower border of the trading channel. More: https://fbs.com/analytics/articles/nzd_usd_took_a_break_2623

USD/JPY: YEN GAINS POWER 09:46 01.08.2017 On the daily chart, bears managed to pull the pair below 110.50 (23.6% of the last descending wave) and settled below this level. Sellers retain control of the pair and pull the pair towards 200% target of AB=CD pattern. In order to counterattack, bulls need to return the pair above 110.50. On H1, the situation looks desperate for buyers. The nearest support levels are close to 109.65, 109.01-109.15 and 108.70. They correspond to 127.2%, 161.8%, 200% and 224% of AB=CD pattern. More: https://fbs.com/analytics/articles/usd_jpy%3a_yen_gains_power_2622

USD/JPY: DOLLAR MADE NEW LOCAL LOWS 08:28 01.08.2017 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 and B; a dead cross of Tenkan-sen and Kijun-sen with the falling lines; the prices are made the new lows, but the market is oversold. More: https://fbs.com/analytics/articles/usd_jpy%3a_dollar_made_new_local_lows_2618

GBP/USD: POUND IS UNDER MAIN RESISTANCE 08:26 01.08.2017 Technical levels: support – 1.3160; resistance – 1.3230. Trade recommendations: Sell — 1.3210; SL — 1.3230; TP1 — 1.3160; TP2 — 1.3110. Reason: bullish Ichimoku Cloud with rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, the rising lines; but the market is under strong daily resistance. More: https://fbs.com/analytics/articles/gbp_usd%3a_pound_is_under_main_resistance_2617

EUR/USD: BEARISH IMPULSE IN WAVE (I) 17:15 31.07.2017 The price is consolidating between the levels +1/8 & 8/8. If the pair fixates under 8/8 MM Level, there'll be an opportunity to have bearish wave [a]. In this case, we should keep an eye on 5/8 MM Level as an intraday target It's likely that there's a bearish impulse in wave (i). However, wave (ii) is a quite big, so this wave count will be unconfirmed until a downward impulse in the direction of wave (iii) arrives. More: https://fbs.com/analytics/articles/eur_usd%3a_bearish_impulse_in_wave_%28i%29_2597

USD/JPY: "HARAMI" PATTERN 16:38 31.07.2017 We've got a "Harami" pattern, which just has been formed. Therefore, there's an opportunity to have a local upward correction, but bears will probably try to deliver a new local low afterwards. There's a "Shooting Star", which has confirmation. In this case, the 34 Moving Average is likely going to act as support. If we see a pullback from this line, there'll be an opportunity to have another decline in the direction of the lower "Window". More: https://fbs.com/analytics/articles/usd_jpy%3a__%22harami%22_pattern_2596

EUR/USD: "ENGULFING" AND "TWEEZERS" 16:34 31.07.2017 There are bearish patterns such a "Shooting Star, an "Engulfing" and a "Tweezers". However, confirmation of these patterns isn't enough, so we could have just a local downwards correction. If a pullback from the nearest support happens, there'll be an opportunity to have another upward price movement. There's a "Hanging Man" at the last high, which has been confirmed enough. So, bears are likely going to test the 55 Moving Average, which could be a departure point for another bullish rally. More: https://fbs.com/analytics/articles/eur_usd%3a_%22engulfing%22_and_%22tweezers%22_2595

USD/CHF: FRANC IS RIDING THE WAVES 10:08 31.07.2017 Recommendation: BUY 0.9720, SL 0.9665, TP1 0.9860, TP2 0.9890 On the daily chart, USD/CHF has reached the targets of “Wolfe waves” pattern. Thanks to it, the pair left the medium-term bearish channel. If the pair rises to July high, there may be a correction towards the upper border of the descending trend. On H1, USD/CHF formed a “Dragon” pattern. At the moment, it’s forming the “Head of a dragon” or consolidating in the 0.9660-0.9720 area. The break of the upper border will increase the risks of a rally. More: https://fbs.com/analytics/articles/usd_chf%3a_franc_is_riding_the_waves_2581

GBP/USD: THE RISK OF REVERSAL 09:55 31.07.2017 Recommendations: SELL 1.3060, SL 1.3115, TP 1.2950 BUY 1.3160, SL 1.3105, TP 1.3260 On the daily chart, bears are trying to return GBP/USD inside the previous consolidation range of 1.2930-1.3120. If the pair comes down to its middle, the reversal “Spike and ledge” pattern will be formed. On the other hand, an increase to June high will make GBP/USD continue rising to 200% target of AB=CD pattern. On H1, the Double Top in the area of the third Indian of the “Three Indians” pattern is a strong reversal sign. The break below support at 1.3060 and 1.3000 will lead to a correction. More: https://fbs.com/analytics/articles/gbp_usd%3a_the_risk_of_reversal_2579

GBP/USD: "V-TOP" PATTERN 09:51 31.07.2017 The price faced resistance at 1.3158, so we've got a "V-Top" pattern, which pushed the pair to support at 1.3116. In this case, bears are likely going to test the next support at 1.3083 during the day. If a pullback from this level happens, there'll be an option to have a new local high. More: https://fbs.com/analytics/articles/gbp_usd%3a_%22v_top%22_pattern_2578

EUR/USD: CONFIRMED "TRIPE TOP" 09:49 31.07.2017 Bulls faced resistance at 1.1757, so the price is consolidating. Therefore, we should keep an eye on the nearest support at 1.1679 as an intraday target. If a pullback from this level happens, there'll be an opportunity to have an upward price movement towards the next resistance at 1.1776 - 1.1801. The price is consolidating under resistance at 1.1757. Also, there's a "Tripe Top" pattern, which has been confirmed. So, bears are likely going to test the 55 & 89 Moving Averages. Meanwhile, if we have a pullback from these lines, bulls will probably try to achieve another resistance at 1.1776 - 1.1801. More: https://fbs.com/analytics/articles/eur_usd%3a_confirmed_%22tripe_top%22_2577

AUD/USD: BULLS TEMPORARILY QUIETED DOWN 09:21 31.07.2017 Technical levels: support – 0.7970, 7930; resistance – 0.8020, 0.8080. Trade recommendations: Buy — 0.7970; SL — 0.7950; TP1 — 0.8020; TP2 — 0.8080. Reason: bullish Ichimoku Cloud, but falling Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen; the prices are on the support of Tenkan-sen and Kijun-sen and the Cloud. More: https://fbs.com/analytics/articles/aud_usd%3a_bulls_temporarily_quieted_down_2573

EUR/USD: EURO GATHERS STRENGTH 09:20 31.07.2017 Technical levels: support – 1.1700; resistance – 1.1830. Trade recommendations: Buy — 1.1700; SL — 1.1680; TP1 — 1.1780; TP2 – 1.1830. Reason: bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a new golden cross of Tenkan-sen and Kijun-sen with horizontal Tenkan-sen and Kijun-sen; the market is in consolidation on Tenkan-sen and Kijun-sen. More: https://fbs.com/analytics/articles/eur_usd%3a_euro_gathers_strength_2572

USD/JPY: PRICE REACHED LOWER "WINDOW" 10:30 28.07.2017 The middle of the last black candle has acted as resistance, so we've got a "Shooting Star" pattern. However, we could have a local upward correction in the short term. Nevertheless, bears are likely going to deliver a new local low afterwards. The price reached the lower "Window", but there isn't any reversal pattern so far. In this case, we could have just a local bullish correction. Anyway, it's likely that the market is going to continue declining until any bullish pattern forms. More: https://fbs.com/analytics/articles/usd_jpy%3a__price_reached_lower_%22window%22_2560

EUR/USD: BEARS GOING TO MOVE ON 10:28 28.07.2017 We've got bearish patterns such a "Shooting Star", a "Three Black Crows" and an "Engulfing", which all have been confirmed enough. So, bears are likely going to continue pushing the price lower, which means we could have a new local low soon. There's a confirmed bullish "Harami" on the 55 Moving Average. Therefore, the price is likely going to test the nearest resistance level, which could be a departure point for another decline. More: https://fbs.com/analytics/articles/eur_usd%3a_bears_going_to_move_on_2559

GBP/USD: BEARISH "PENNANT" PATTERN 10:16 28.07.2017 Bulls faced resistance at 1.3137, so there's a "Double Top" pattern, which pushed the price to support at 1.3057. It's likely that bears are going to reach another support at 1.3029 in the short term. Meanwhile, if a pullback from this level arrives afterwards, there'll be an option to have an upward price movement in the direction of the nearest resistance at 1.3158 - 1.3184. The price is consolidating above support at 1.3057. At the same time, there's a "Pennant" pattern, so the market is likely going to achieve the next support 1.3029 during the day. If a pullback from this level happens, we should keep an eye on the next resistance as an intraday target. More: https://fbs.com/analytics/articles/gbp_usd%3a_bearish_%22pennant%22_pattern_2557

EUR/USD: "V-TOP" PATTERN 10:14 28.07.2017 We've got a "V-Top" pattern, so the price reached the nearest support at 1.1657. However, bears are likely going to test the 34 Moving Average in the short term. If a pullback from this line happens, there'll be an opportunity to have another upward price movement in the direction of the closest resistance at 1.1712 - 1.1757. The price is consolidating near the 55 Moving Average. Also, there's a "Pennant" pattern, so the pair is likely going to decline in the direction of the 89 MA. If we have a pullback from this line, bulls will have a green light to achieve resistance at 1.1712 - 1.1757. More: https://fbs.com/analytics/articles/eur_usd%3a_%22v_top%22_pattern_2556

USD/JPY: DOLLAR MAY GOING LOWER 09:11 28.07.2017 Technical levels: support – 110.70/80; resistance – 111.20. Trade recommendations: Sell — 111.00; SL — 111.20; TP1 — 110.45; TP2 — 109.80. Reason: bearish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen and the lines are horizontal; the prices are under Tenkan-sen and Kujin-sen and ready to go to new lows. More: https://fbs.com/analytics/articles/usd_jpy%3a_dollar_may_going_lower_2554

AUD/USD: AUSSIE READY TO CONTINUE UPTREND 09:10 28.07.2017 Technical levels: support – 0.7970, 7930; resistance – 0.8020, 0.8080. Trade recommendations: Buy — 0.7970; SL — 0.7950; TP1 — 0.8020; TP2 — 0.8080. Reason: expanding bullish Ichimoku Cloud, rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen; the prices are on the support of Tenkan-sen and Kijun-sen. More: https://fbs.com/analytics/articles/aud_usd%3a_aussie_ready_to_continue_uptrend_2553

EUR/USD: +1/8 MM LEVEL ACTED AS RESISTANCE 19:13 27.07.2017 We've got a pullback from +2/8 MM Level, so wave [v] of 3 may have been ended. So, there's a developing impulse in wave . However, if a pullback from 5/8 MM Level happens, there'll be an opportunity to have a local upward correction. +1/8 MM Level acted as resistance, so the price is declining in wave [a]. The main intraday target is 4/8 MM Level. Therefore, the low of wave (iv) of [v] is likely going to be broken soon. More: https://fbs.com/analytics/articles/eur_usd%3a_%2b1_8_mm_level_acted_as_resistance_2542

USD/JPY: BEARISH "ENGULFING" 15:45 27.07.2017 The 55 Moving Average has acted as resistance, so there's a bearish "Engulfing". However, we also have a bullish "Doji", so there's time for a local upward correction. Anyway, bears are likely going to test the last low in the short term. The price has reached the 34 MA, but we don't have any reversal pattern so far. Therefore, bulls are likely going to test the middle of the black candle's group during the day. If any bearish pattern arrives afterwards, there'll be an opportunity to have another decline. More: https://fbs.com/analytics/articles/usd_jpy%3a__bearish_%22engulfing%22_2541

EUR/USD: "SHOOTING STAR" AND "ENGULFING" 15:43 27.07.2017 We've got bearish patterns such a "Shooting Star" and an "Engulfing", which both have been confirmed enough. So, the market is likely going to test the nearest support by the middle of the last white candle. There are a "Shooting Star" and a "Harami". Considering confirmation of these patterns, bears are likely going to reach the Moving Averages. If a pullback from these lines happens, we could have another upward price movement. More: https://fbs.com/analytics/articles/eur_usd%3a_%22shooting_star%22_and_%22engulfing%22_2540

AUD/USD IS AIMING HIGH 12:19 27.07.2017 Recommendation: BUY 0.8015, SL 0.7960, TP1 0.8100 TP2 0.8200 BUY 0.7965 SL 0.7910 TP1 0.8100 TP2 0.8200 On the daily chart, AUD/USD returned to the uptrend after the consolidation. The pair keeps aiming to 0.8200. As long as it’s trading above 0.7965, bulls are in no danger. The main strategy is to buy Aussie on the pullbacks to the downside. On H1, AUD/USD has made the “Spike and Ledge” pattern on the basis of 1-2-3. The pair aims for the 200%target of AB=CD. The nearest support levels are at 0.8015 and 0.7965. More: https://fbs.com/analytics/articles/aud_usd_is_aiming_high_2533