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GOLD IS RETURNING HOME 12:09 27.07.2017 On the daily chart, after the false break of the neckline of the “Head and shoulders” pattern and successful test of $1255 bulls are trying to return the price inside the previous uptrend channel. If they succeed, the possibility of the uptrend’s resumption will significantly increase. On the other hand, recoil from the diagonal resistance to the downside will return power to bears. On H1, gold is trading within a rising channel. The nearest resistance is at $1276-1279 per ounce (200% target of AB=CD + 78.6% of the last descending wave). More: https://fbs.com/analytics/articles/gold_is_returning_home_2532

GBP/USD: MARKET WILL RISE EVEN HIGHER 11:17 27.07.2017 The price has achieved resistance at 1.3137. If a pullback from this level happens, bears are likely going to test the nearest support at 1.3116 - 1.3082. However, the market will probably rise even higher, so we should keep in mind the next resistance at 1.3184 - 1.3234 as an intraday target. There's a "V-Top" pattern, which led to the current consolidation. Therefore, the pair is likely going to decline towards the closest support at 1.3105 - 1.3082. If we see a pullback from these levels, there'll be an option to have a local upward price movement in the direction of the next resistance at 1.3156 - 1.3184. More: https://fbs.com/analytics/articles/gbp_usd%3a_market_will_rise_even_higher_2525

EUR/USD: CONFIRMED "V-TOP" PATTERN 11:13 27.07.2017 Bulls faced resistance at 1.1757, so we've got a "V-Top" pattern, which pushed the price lower. So, the market is likely going to decline towards the nearest support at 1.1712. If a pullback from this level happens, there'll be an opportunity to have another upward price movement in the direction of the next resistance at 1.1757 - 1.1801. We've got a "V-Top", which has been confirmed, so the price is consolidating. In this case, bears are likely going to reach the closest support at 1.1712 - 1.1679. However, if we have a pullback from this area, bulls will probably try to test another resistance at 1.1776 - 1.1801. More: https://fbs.com/analytics/articles/eur_usd%3a_confirmed_%22v_top%22_pattern_2524

EUR/USD: PRICE FIXATED UNDER 7/8 MM LEVEL 13:47 26.07.2017 The price fixated under 7/8 MM Level, so wave [v] of 3 may have been formed. Therefore, we could have a downward impulse in wave [a]. The main intraday target is 5/8 MM Level. The last triangle in wave (iv) led to form wave (v) of [v]. Also, we've got bearish wave (i). It seems like wave (ii) is about to end, so we could have another downward impulse in wave (iii) soon. More: https://fbs.com/analytics/articles/eur_usd%3a_price_fixated_under_7_8_mm_level_2499

USD/JPY: BEARISH "HARAMI" 12:56 26.07.2017 The last bullish "Three Methods" pushed the price to the 144 Moving Average. At the same time, there's a bearish "High Wave", but this pattern hasn't been confirmed yet. So, the pair is likely going to test the nearest support, which could be a departure point for another bullish price movement. We've got a bearish "Harami", but this pattern hasn't been confirmed yet. If the price fixates under the 55 Moving Average, the market is likely going to continue declining in the short term. More: https://fbs.com/analytics/articles/usd_jpy%3a__bearish_%22harami%22_2497

EUR/USD: 55 MA ACTED AS SUPPORT 12:54 26.07.2017 We've got a bearish "Engulfing", which has been confirmed enough. So, the market 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. There are bearish patterns such a "High Wave" and an "Engulfing". The 55 Moving Average has acted as support, so we could have a local upward correction. However, bears are likely going to deliver a new local low afterwards. More: https://fbs.com/analytics/articles/eur_usd%3a_55_ma_acted_as_support_2495

GBP/USD: MARKET GOING TEST NEXT SUPPORT 11:55 26.07.2017 The price is consolidating. Also, we've got a "V-Top" pattern, so the market is likely going to test the 34 Moving Average in the short term. If a pullback from this line arrives afterwards, bulls will have a green light to achieve the next resistance at 1.3057 - 1.3083. We've got a bearish "V-Top" pattern, which pushed the price towards the 55 Moving Average. So, the market is likely going to test the next support at 1.2982. If we have a pullback from this level, there'll be an opportunity to have another upward price movement in the direction of resistance at 1.3047 - 1.3057. More: https://fbs.com/analytics/articles/gbp_usd%3a_market_going_test_next_support__2487

EUR/USD: "V-TOP" PATTERN 11:52 26.07.2017 Bulls faced resistance at 1.1712, so we've got a "V-Top" pattern, which has been confirmed. Therefore, the market is likely going to test the nearest support at 1.1615 - 1.1582. If a pullback from this area happens, the price will probably test the last high. We've got a "V-Top" pattern, so the price is testing the 34 Moving Average. In this case, bears are likely going to reach the closest support at 1.1615 - 1.1582 during the day. Meanwhile, there's an opportunity to have another bullish price movement afterwards. More: https://fbs.com/analytics/articles/eur_usd%3a_%22v_top%22_pattern_2486

NZD/USD: RISKS OF DECLINE 11:00 26.07.2017 Recommendation: SELL 0.7405 SL 0.7460 TP1 0.7305, TP2 0.7225 On the daily chart, NZD/USD reached 113% target of the inverted “Shark” pattern. As a result, the risks of correction towards 23,6%, 38,2% and 50% of the wave CD increased. The “Shark” pattern may transform into 5-0 pattern. For a start, bears should bring the pair below support at 0.7410. On H1, the break below the lower border of the downtrend and consolidation within the “Spike and ledge” pattern on the basis of 1-2-3 will increase the risks of a pullback with the following triggering of the “Shark” pattern (88.6% and 113%). More: https://fbs.com/analytics/articles/nzd_usd%3a_risks_of_decline_2484

USD/JPY: BULLS ARE GETTING MORE ACTIVE 10:41 26.07.2017 Recommendation: BUY 112.10 SL 111.55 TP1 113.05, TP2 114.05 On the daily chart, USD/JPY recoiled from support at 110.55. This allowed bulls to counter attack. The pair left the long-term descending channel and is testing resistance at 112.05-112.10. If the test is successful, USD/JPY will continue rising. Otherwise, the pair will reverse downwards. On H1, USD/JPY reached targets of an inverted “Head and Shoulders” pattern. As a result, the pair approached resistance at 112.10 (38.2% of the last bearish wave). The break will increase the odds of the inverted “Shark” pattern with a target at 113%. More: https://fbs.com/analytics/articles/usd_jpy%3a_bulls_are_getting_more_active_2483

AUD/USD: AUSSIE RETURNED TO CLOUD 09:34 26.07.2017 Technical levels: support – 0.7840, 0.7810; resistance – 0.7930. Trade recommendations: Buy — 0.7840; SL — 0.7820; TP1 — 0.7910; TP2 — 0.79300. Reason: bullish Ichimoku Cloud, but falling Senkou Span A; an irregular golden cross of Tenkan-sen and Kijun-sen with falling lines; the prices are returned to the Cloud. More: https://fbs.com/analytics/articles/aud_usd%3a_aussie_returned_to_cloud_2480

GBP/USD: MARKET KEEP STAYING ON CLOUD 09:33 26.07.2017 Technical levels: support – 1.3000/10; resistance – 1.3090. Trade recommendations: Buy — 1.3000; SL — 1.2980; TP1 — 1.3040; TP2 — 1.3090. Reason: bullish Ichimoku Cloud with rising Senkou Span A and B; a new golden cross of Tenkan-sen and Kijun-sen, rising Tenkan-sen; the prices are on the support of Kijun-sen More: https://fbs.com/analytics/articles/gbp_usd%3a_market_keep_staying_on_cloud_2479

USD/JPY: "HARAMI" AND "THREE METHODS" 16:53 25.07.2017 There are bullish patterns such a "Harami" and a "Three Methods", which both have been confirmed. So, the market is likely going to reach the 55 Moving Average in the short term The price reached the 55 Moving Average, but we don't have any reversal pattern so far. In this case, the price is likely going to continue moving up during the day. However, we could have a local bearish correction in the next few hours. More: https://fbs.com/analytics/articles/usd_jpy%3a__%22harami%22_and_%22three_methods%22_2463

EUR/USD: BULLS TRY TO DELIVER NEW LOCAL HIGH 16:48 25.07.2017 There isn't any reversal pattern so far. However, if we have a pullback from the nearest resistance level, bears are likely going to test the middle of the last group of white candles. Anyway, bulls will probably try to deliver a new local high afterwards. All the last candles are bullish. Meanwhile, if we see any bearish pattern in the coming hours, there'll be an opportunity to have a downward correction towards the Moving Averages. More: https://fbs.com/analytics/articles/eur_usd%3a_bulls_try_to_deliver_new_local_high_2462

EUR/USD: POSSIBLE TRIANGLE IN WAVE (IV) 11:50 25.07.2017 The price is consolidating near 7/8 MM Level. Wave (iv) is likely going to end soon, so we could have another bullish impulse in wave (v) of [v] in the short term. The main intraday target is 8/8 MM Level. There's a possible triangle in wave (iv). The price is likely going to test the lower side of this pattern during the day. If we have a pullback from this level, there'll be an opportunity to have a new local high. More: https://fbs.com/analytics/articles/eur_usd%3a_possible_triangle_in_wave_%28iv%29_2451

GBP/USD: BULLISH "PENNANT" PATTERN 10:13 25.07.2017 Bulls faced resistance at 1.3057, so the price is consolidating. Meanwhile, the pair is likely going to achieve the next resistance at 1.3077 in the short term. If a pullback from this level happens, we should keep an eye on the nearest support at 1.3029 - 1.3006 as a bearish target. There's a bullish "Pennant" pattern, so the price is likely going to reach the closest resistance at 1.3057 - 1.3077 in the coming hours. Considering a possible pullback from this area, there's an option to have a decline towards the Moving Averages afterwards. More: https://fbs.com/analytics/articles/gbp_usd%3a_bullish_%22pennant%22_pattern_2447

USD/CHF: FRANC APPROACHED THE TARGET 10:11 25.07.2017 Recommendation: SELL 0.9525 SL 0.9580 TP1 0.9400 TP2 0.9370 On the daily chart, USD/CHF is trading within a downtrend towards 224% and 127.2% targets of AB=CD and “Crab” patterns. To activate the reversal “Wolfe waves” pattern bears have to move the pair above 0.9600. On H1, USD/CHF reached targets of “three Indians” and “Spike and ledge” patterns. As a result, the pair reached 161.8% targets of AB=CD. This increases the risks of correction towards 0.9525. The short-term outlook for the franc will depend on this level. More: https://fbs.com/analytics/articles/usd_chf%3a_franc_approached_the_target_2446

EUR/USD: 34 MA ACTED AS SUPPORT 10:10 25.07.2017 The price is consolidating between the levels 1.1679 - 1.1615. Nevertheless, bulls are likely going to reach the next resistance at 1.1712 in the coming hours. If a pullback from this level happens, there'll be an opportunity to have a decline towards the nearest support at 1.1615. The 34 Moving Average has acted as support. Also, the price is testing resistance at 1.1657, which could be a departure point for another decline in the direction of the closest support at 1.1625. Meanwhile, if we see a pullback from this level, bulls will probably try to reach resistance at 1.1679 - 1.1712 afterwards. More: https://fbs.com/analytics/articles/eur_usd%3a_34_ma_acted_as_support_2445

GBP/USD GOT STUCK AT THE BORDER 09:57 25.07.2017 Recommendations: BUY 1.3120 SL 1.3065 TP1 1.3250 TP2 1.3500 SELL 1.2930 SL 1.2985 TP 1.2810 On the daily chart, there are medium- and long-term trading channels. If GBP/USD rises to June high, it will be able to continue rising towards 200% target of AB=CD pattern. On the other hand, a break below diagonal support and 1.2930 will increase the risks of correction towards the lower border of the medium-term channel. On H1, bulls are in control. Never the less, decline below the psychological level of 1.3000 may change everything. More: https://fbs.com/analytics/articles/gbp_usd_got_stuck_at_the_border_2444

USD/JPY: DOLLAR RETURNED TO JUNE’S LEVELS 07:41 25.07.2017 Technical levels: support – 110.30; resistance – 111.00, 111.50. Trade recommendations: Sell — 111.00; SL — 110.20; TP1 — 110.30; TP2 — 110.10. Buy — 110.30; SL — 110.10; TP1 — 111.00; TP2 — 111.40. Reason: bearish Ichimoku Cloud, but horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen, falling Tenkan-sen; the prices are bounced from Tenkan-sen and going lower in the negative area. More: https://fbs.com/analytics/articles/usd_jpy%3a_dollar_returned_to_june%E2%80%99s_levels_2440

GBP/USD: BULLS SUPPORTED BY CLOUD 07:40 25.07.2017 Technical levels: support – 1.3000; resistance – 1.3060. Trade recommendations: Buy — 1.3020/30; SL — 1.3000; TP1 — 1.3100; TP2 — 1.3130. Reason: bullish Ichimoku Cloud with rising Senkou Span A and B; a new dead cross of Tenkan-sen and Kijun-sen, rising Tenkan-sen; the prices are on the support of the Cloud and Tenkan-sen. More: https://fbs.com/analytics/articles/gbp_usd%3a_bulls_supported_by_cloud_2439

GBP/USD WITH POSSIBLE BULLISH MOMENTUM ABOVE 1.2920 01:04 25.07.2017 GBP/USD is now finding support around a key Fibonacci zone between the 50% and 65% levels. Such area, established in the 1.2967 and 1.2920 levels could bring a fresh momentum for the bulls and if the pair manages to break above 1.3050, it can confirm the bullish scenario and rallies could go as long as 1.3198, at which is located the -23.6% Fibonacci retracement level. RSI indicator still supports the bullish path, as it remains in the positive territory. More: https://fbs.com/analytics/articles/gbp_usd_with_possible_bullish_momentum_above_1.2920_2435

USD/JPY: "HARAMI" LED TO DECLINE 14:01 24.07.2017 The price has been declining since a "Harami" pattern formed. Also, there isn't any reversal pattern so far, which means bears are likely going to test the next support level in the short term. If any reversal pattern arrives afterwards, bulls will probably try to deliver an upward correction. The last bearish "Shooting Star" pattern led to the current decline. However, we've got a bullish "Doji", but this pattern hasn't been confirmed yet. So, we could have just an upward correction and a decline afterwards. More: https://fbs.com/analytics/articles/usd_jpy%3a__%22harami%22_led_to_decline_2421

EUR/USD: BEARISH "SHOOTING STAR" PATTERN 13:55 24.07.2017 The bullish trend is still on the table, but we've got a bearish "Shooting Star" pattern, which hasn't been confirmed yet. Therefore, the market is likely going to test the nearest support level, which could be a departure point for another upward price movement. There are bullish patterns such an "Engulfing" and a "High Wave", but their confirmation is a quite weak. So, bears are likely going to test the 89 Moving Average. If a pullback from this line happens, there'll be an opportunity to have a bullish correction. More: https://fbs.com/analytics/articles/eur_usd%3a_bearish_%22shooting_star%22_pattern_2420

EUR/USD: PULLBACK FROM 7/8 MM LEVEL 11:50 24.07.2017 There's a pullback from 7/8 MM Level, so the price is declining in wave (iv). However, if 6/8 MM Level acts as support afterwards, there'll be an opportunity to have another bullish impulse in wave (v) of [v]. As we can see on the one-hour chart, wave (iv) is probably taking the form of a flat pattern. The main intraday target is 6/8 MM Level. If we see a pullback from this level, bulls are likely going to deliver wave (v). In this case, we should keep in mind 8/8 MM Level as the next target. More: https://fbs.com/analytics/articles/eur_usd%3a_pullback_from_7_8_mm_level_2414