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EUR/USD: BULLISH "HAMMER" 12:33 12.05.2017 There's strong resistance by the upper "Window". At the same time, we've got a bullish "Harami" at the last low, but confirmation of this pattern is a quite weak. Therefore, the price is likely going to test the "Window" once again. If a pullback from this level happens, we could have a downward price movement towards the nearest support. The market is consolidating. However, there's a bullish "Hammer", which has been confirmed. In this case, the price is likely going to rise towards the closest "Window" during the day. Nevertheless, bears will probably try to deliver a new local low afterwards. More: https://fbs.com/analytics/articles/eur_usd%3a_bullish_%22hammer%22_993

GBP/USD: BEARISH "PENNANT" 07:38 12.05.2017 The 55 Moving Average is acting as a support. Also, there's a "V-Bottom", so the price is consolidating. In this case, bears are likely going to test support at 1.2865 in the short term. If we see a pullback from this level, bulls will probably try to test the 34 Moving Average. We've got a bearish "Pennant", so the market is likely going to achieve the closest support at 1.2830 - 1.2865. However, if a pullback from this area happens, there'll be an opportunity to have an upward price movement towards resistance at 1.2863 - 1.2883. More: https://fbs.com/analytics/articles/gbp_usd%3a_bearish_%22pennant%22_992

EUR/USD: BEARS READY TO GO 07:33 12.05.2017 The price is consolidating between the 34 & 55 Moving Averages. Considering the last "Triple Top" pattern, the market is likely going to test the nearest support at 1.0819 - 1.0729, which was formed by the "Breakaway Gap". If a pullback from this area happens, we could have a bullish price movement towards resistance at 1.0851. We've got a consolidation, which is taking place under the Moving Averages. Also, there's a bullish "Thorn", so the pair is likely going to achieve the nearest resistance at 1.0892, which could be a departure point for a decline in the direction of support at 1.0838 - 1.0819. More: https://fbs.com/analytics/articles/eur_usd%3a_bears_ready_to_go_989

GBP/USD: POUND RETURNED TO CLOUD 05:22 12.05.2017 Technical levels: support – 1.2850; resistance – 1.2915, 1.2950. Trade recommendations: Sell — 1.2900; SL — 1.2920; TP1 — 1.2810; TP2 — 1.2710. Reason: narrowing bullish Ichimoku Cloud, falling Senkou Span A; a new dead cross of Tenkan-sen and Kijun-sen; the prices are entered into the Cloud and under the resistance of Senkou Span A. More: https://fbs.com/analytics/articles/gbp_usd%3a_pound_returned_to_cloud_988

EUR/USD: EURO ENTERED INTO CLOUD 05:21 12.05.2017 Technical levels: support – 1.0820; resistance – 1.0940, 1.0980. Trade recommendations: Buy — 1.0820; SL — 1.0800; TP1 — 1.0940; TP2 – 1.0980. Reason: narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but horizontal Tenkan-sen; the prices are entered into the cloudy area and would be supported by Senkou Span B. More: https://fbs.com/analytics/articles/eur_usd%3a_euro_entered_into_cloud_987

EUR/AUD REVERSED FROM KEY RESISTANCE LEVEL 1.4900 16:54 11.05.2017 EUR/AUD reversed from key resistance level 1.4900 Next sell target - 1.4650 EUR/AUD has been falling in the last few trading sessions after the earlier sharp downward reversal from the key resistance level 1.4900 (which stopped the previous minor corrective wave B in November, as can be seen from the daily EUR/AUD chart below). The downward reversal from the resistance level 1.4900 created the daily Japanese candlesticks reversal pattern Shooting Star Doji. Wit the daily Stochastic indicator still moving in the overbought area - EUR/AUD is expected to fall to the next sell target at the next support level 1.4650 (former resistance level which stopped the previous impulse wave 3 in April). More: https://fbs.com/analytics/articles/eur_aud_reversed_from_key_resistance_level_1.4900_980

GBP/JPY REVERSED FROM RESISTANCE ZONE 16:52 11.05.2017 GBP/JPY reversed from resistance zone Next sell target - 144.60 GBP/JPY recently reversed down from the powerful resistance zone lying between the multi-month resistance level 148.60 (which stopped the previous primary ABC correction ② in December, as can be seen from the daily GBP/JPY chart below), upper daily Bollinger Band and the 61.8% Fibonacci correction of the sharp downward impulse from last July. GBP/JPY is expected to fall to the next sell target at the next support level 144.60 (previous resistance level from January, acting as support now after it was broke earlier). More: https://fbs.com/analytics/articles/gbp_jpy_reversed_from_resistance_zone_979

USD/JPY: BEARISH "TOWER" 14:19 11.05.2017 We've got a local bearish correction inside the main bullish trend. Considering the last "Engulfing" pattern, the market is likely going to test the 21 Moving Average, which could be a departure point for another upward price movement towards the next "Window". There's a "Tower' pattern, which led to the current decline. The price has reached the 34 Moving Average, so we could have a local bullish correction. Nevertheless, bears are likely going to continue pushing the price even lower. More: https://fbs.com/analytics/articles/usd_jpy%3a_bearish_%22tower%22_978

EUR/USD: LOWER "WINDOW" WAITING FOR BEARS 13:46 11.05.2017 There's resistance by the "Window", but the 55 Moving Average is acting as support. Also, we don't have any reversal pattern so far, which means bears are going to test the next "Window" in the short term. The 34 Moving Average is acting as resistance, so we've got a bearish "Engulfing" on this line. However, confirmation of this pattern is a quite weak, so the 34 MA could be tested once again. Meanwhile, there's an opportunity to have a new low soon. More: https://fbs.com/analytics/articles/eur_usd%3a_lower_%22window%22_waiting_for_bears_977

Key option levels for Thursday, May 11th 11/05/2017 If you have any questions or requests fill out the feedback form. EUR/USD Main trend Short-term period Medium-term period Bullish Neutral Changes in the open interest + 69 735 ↑ + 81 101 ↑ Closest resistance levels 1.0887; 1.0908; 1.0936; 1.0981 Closest support levels 1.0864; 1.0837; 1.0800; 1.0745 Trading recommendations Baseline scenario Long EUR/USD above 1.0887, with target points at 1.0908 and 1.0936 Alternative scenario Moving below 1.0864 can be considered as a signal to Sell the pair, with target at 1.0837 and 1.0800 AUD/USD Main trend Short-term period Medium-term period Bullish Bearish Changes in the open interest + 733 ↑ + 175 ↑ Closest resistance levels 0.7360; 0.7400; 0.7446; 0.7479 Closest support levels 0.7341; 0.7312; 0.7288; 0.7258 Trading recommendations Baseline scenario Long AUD/USD above 0.7360, with the target points at 0.7400 and 0.7446 Alternative scenario Moving below 0.7341 can be considered as a signal to Sell the pair, with target at 0.7312 and 0.7288 More: https://fxbazooka.com/analytics/13159

EUR/USD: WAVE II GOING TO END 09:45 11.05.2017 There's a pullback from 6/8 MM Level, so wave 2 may have been ended in the form of a double zigzag. Therefore, we could have a bearish impulse in wave (i). The main intraday target is 4/8 MM Level. As we can see on the one-hour chart, there's a bearish impulse in wave i with a triangle in wave [4]. Also, we've got a pullback from 4/8 MM Level, so bulls are likely going to deliver wave ii, which could take the form of a zigzag. If a pullback from 5/8 MM Level happens afterwards, bears will try to break the last low. More: https://fbs.com/analytics/articles/eur_usd%3a_wave_ii_going_to_end_975

GBP/USD: "RISING WEDGE" GOING TO BE BROKEN 07:03 11.05.2017 Bulls faced resistance at 1.2995, so there's a "V-Top" pattern. Under this circumstances, the market is likely going to achieve the 34 Moving Average in the short term. If a pullback from this line arrives afterwards, there'll be an option to have another upward price movement towards resistance at 1.2945 - 1.2964. There's a "V-Top" pattern, so the price is consolidating along the Moving Averages. Therefore, bulls are likely going to test the closest resistance at 1.2952 - 1.2964, which could be a departure point for another decline. So, we should keep an eye on support at 1.2913 - 1.2901 as an intraday bearish target. More: https://fbs.com/analytics/articles/gbp_usd%3a_%22rising_wedge%22_going_to_be_broken_972

EUR/USD: BEARS GOING TO TEST "BREAKAWAY GAP" 06:59 11.05.2017 The price is consolidating above the 55 Moving Average. Therefore, the market is likely going to decline towards support at 1.0819, which is near the last "Breakaway Gap". If a pullback from this level happens, there'll be an opportunity to have an upward price movement in the direction of resistance at 1.0851 - 1.0874. Bears faced a support at 1.0863, so the price is consolidating. In this case, the pair is likely going to test the nearest resistance at a 1.0905. However, if we see a pullback from this level, bears will probably try to reach support at 1.0819. Moore: https://fbs.com/analytics/articles/eur_usd%3a_bears_going_to_test_%22breakaway_gap%22_971

USD/JPY: DOLLAR APPROACHED TO RESISTANCE 05:17 11.05.2017 Technical levels: support – 113.90, 113.30; resistance – 114.50. Trade recommendations: 1. Sell — 114.50; SL — 112.70; TP1 — 113.30; TP2 — 112.80. Reason: bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, rising Tenkan-sen; the prices are under strong daily resistance. More: https://fbs.com/analytics/articles/usd_jpy%3a_dollar_approached_to_resistance_969

GBP/USD: POUND STUCK IN CONSOLIDATION 05:15 11.05.2017 Technical levels: support – 1.2910; resistance – 1.2950, 1.2980. Trade recommendations: 1. Buy — 1.2960; SL — 1.2940; TP1 — 1.3050. 2. Sell — 1.2930; SL — 1.2950; TP1 — 1.2810; TP2 — 1.2710. Reason: bullish Ichimoku Cloud, horizontal Senkou Span A and B; a new dead cross of Tenkan-sen and Kijun-sen over the Cloud; the prices are under the resistance of Tenkan-sen and Kijun-sen. More: https://fbs.com/analytics/articles/gbp_usd%3a_pound_stuck_in_consolidation_967

NZD/CHF REVERSED FROM KEY SUPPORT ZONE 14:30 10.05.2017 NZD/CHF reversed from key support zone Next buy target - 0.7060 NZD/CHF has been rising from the start of this week – following the earlier sharp upward reversal from the key support zone lying between the support level 0.6800 (former powerful resistance level from the end of 2015 and the start of 2016, as can be seen below), lower weekly Bollinger Band and the 38.2% Fibonacci correction of the pervious weekly upward ABC correction ? from the middle of May. NZD/CHF is expected to rise to the next buy target at the next resistance level 0.7060 (top of the previous intermediate wave (2) from April). More: https://fbs.com/analytics/articles/nzd_chf_reversed_from_key_support_zone_958

AUD/NZD BROKE SUPPORT ZONE 14:28 10.05.2017 AUD/NZD broke support zone Next sell target - 1.0560 AUD/NZD continues to decline after the earlier breakout of the support zone lying between the support level 1.0650 (which has been reversing the price from February, as can be seen from the daily AUD/NZD chart below) and the 50% Fibonacci correction of the earlier sharp C-wave from the end of January. AUD/NZD is expected to fall to the next sell target at the next support level 1.0560 (former monthly high from January). Sell stop-loss can be placed above the aforementioned price level 1.0650. More: https://fbs.com/analytics/articles/aud_nzd_broke_support_zone_957

USD/JPY: NEXT "WINDOW" WAITING FOR BULLS 12:24 10.05.2017 We've got a bearish "Engulfing", but a confirmation of this pattern is quite weak. So, the market is likely going to reach the 21 Moving Average, which could be a departure point for another bullish rally in the direction of the upper "Window". The price has reached the 21 Moving Average. Also, we've got a bearish "Harami", which has confirmation. Therefore, there's an opportunity to have a new local low in the coming hours. More: https://fbs.com/analytics/articles/usd%2fjpy%3a_next_%22window%22_waiting_for_bulls_956

EUR/USD: PRICE REACHED "WINDOW" 12:19 10.05.2017 The current bearish correction is continuing, so the price reached a "Window" and the 55 Moving Average. Considering that there isn't any reversal pattern so far, the market is likely going to fall towards the next "Window". There's a bearish "Tweezers", which has been confirmed. Therefore, bears are likely going to push the price even lower in the short term. If any bullish pattern arrives afterwards, there'll be an opportunity to have a correction. More: https://fbs.com/analytics/articles/eur%2fusd%3a_price_reached_%22window%22_955

Key option levels for Wednesday, May 10th 10/05/2017 If you have any questions or requests fill out the feedback form. EUR/USD Main trend Short-term period Medium-term period Bullish Neutral Changes in the open interest + 10 450 ↑ - 101 364 ↓ Closest resistance levels 1.0890; 1.0915; 1.0941; 1.0984 Closest support levels 1.0871; 1.0843; 1.0805; 1.0748 Trading recommendations Baseline scenario Long EUR/USD above 1.0890, with target points at 1.0915 and 1.0941 Alternative scenario Moving below 1.0871 can be considered as a signal to Sell the pair, with target at 1.0843 and 1.0805 USD/CAD Main trend Short-term period Medium-term period Bearish Neutral Changes in the open interest - 33 ↓ + 723 ↑ Closest resistance levels 1.3725; 1.3749; 1.3774; 1.3814 Closest support levels 1.3712; 1.3665; 1.3637; 1.3598 Trading recommendations Baseline scenario Short USD/CAD below 1.3712, with the target points at 1.3665 and 1.3637 Alternative scenario Moving above 1.3725 can be considered as a signal to Buy the pair, with target at 1.3749 and 1.3774 AUD/USD Main trend Short-term period Medium-term period Bullish Bearish Changes in the open interest + 533 ↑ + 231 ↑ Closest resistance levels 0.7356; 0.7386; 0.7408(?); 0.7438 Closest support levels 0.7326; 0.7293; 0.7273; 0.7245 Trading recommendations Baseline scenario Long AUD/USD above 0.7356, with the target points at 0.7386 and 0.7408 Alternative scenario Moving below 0.7326 can be considered as a signal to Sell the pair, with target at 0.7293 and 0.7273 More: https://fxbazooka.com/analytics/13156

GBP/USD: "RISING WEDGE" 07:53 10.05.2017 Bulls found resistance at 1.2995, which pushed the price a little bit lower. Also, we've got a "Rising Wedge", so the pair is likely going to test the nearest resistance at 1.3023. If a pullback from this level happens, there'll be an opportunity to have a decline towards support at 1.2945 - 1.2913. There's a "V-Bottom" pattern, which has been formed on the 89 Moving Average. At the same time, there's strong resistance by the last "Double Top", so the price is likely going to test the nearest support at 1.2964 - 1.2953. If a pullback from these levels happens, there'll be an option to have an upward price movement towards the closest resistance at 1.2995 - 1.3023. More: https://fbs.com/analytics/articles/gbp%2fusd%3a_%22rising_wedge%22_952

EUR/USD: BEARS BROKE LOCAL TREND 07:49 10.05.2017 The price is still declining, but bears faced support on the 55 Moving Average. Nevertheless, the market is likely going to reach the next support at 1.0851, which could be a departure point for an upward movement in the direction of resistance at 1.0905 - 1.0910. There's a local "V-Bottom", so the price is consolidating. In this case, bulls are likely going to achieve the 89 Moving Average in the coming hours. If a pullback from this line happens, bears will probably try to reach support at 1.0851. More: https://fbs.com/analytics/articles/eur%2fusd%3a_bears_broke_local_trend_951

USD/JPY: BULLS WILL MAKE A STOP 07:36 10.05.2017 Recommendation BUY 112.85, SL 112.30, TP 114.00 BUY 111.85, SL 111.3, TP 114.00. On the daily USD/JPY chart, the pair ran into the convergence area of 114-114.55 (23.8% of the long-term bullish wave – 61.8% of the descending medium-term wave). This together with the realization of the interim target of 78.6% of the inverted "Shark" pattern creates the potential for the short-term correction. On H1, USD/JPY wasn't able to overcome resistance at 113.93 (78.6% of the last descending wave) that points at the weakness of bulls. The pair may now return to support at 112.85 and 111.85. More: https://fbs.com/analytics/articles/usd%2fjpy%3a_bulls_will_make_a_stop_950

USD/CAD: LOONIE WENT TO SWEET ZONE 07:27 10.05.2017 Recommendation: SELL 1.3650 SL 1.3705 TP1 1.3525, TP2 1.3370 On the daily chart, USD/CAD reached 127.2% target of the inverted "butterfly" pattern. At the present time, the quotes are in the Sweet Zone of the "Wolfe Waves" pattern. A movement to the downside is possible from this area. On H1 USD/CAD keeps forming reversal 1-2-3 pattern. Together with the "3 Indians" pattern, it forms the powerful bearish combo. The lower border of the uptrend may be simultaneously breached. This is a selling signal, which points at 161.8% target of the "Crab" pattern. More: https://fbs.com/analytics/articles/usd%2fcad%3a_loonie_went_to_sweet_zone_949

GBP/CHF BROKE PIVOTAL RESISTANCE LEVEL 1.2890 16:19 09.05.2017 GBP/CHF broke pivotal resistance level 1.2890 Next buy target - 1.3120 GBP/CHF continues to rise inside the minor impulse wave (v) – which belongs to the impulse 3 from the middle of March. The price earlier broke above the pivotal resistance level 1.2890 (which stopped the previous waves (A), ii and (i), as can be seen from the daily GBP/CHF chart below). The breakout of this resistance level intensified the bullish pressure on this currency pair. GBP/CHF is expected to rise to the next buy target at the next resistance level 1.3120 (top of the previous intermediate correction ( from September and the target price for the completion of the active impulse wave 3). More: https://fbs.com/analytics/articles/gbp%2fchf_broke_pivotal_resistance_level_1.2890_938