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USD/JPY BROKE DAILY DOWN CHANNEL 16:17 09.05.2017 USD/JPY broke daily down channel Next buy target - 115.40 USD/JPY has been rising sharply in the last few trading sessions inside the intermediate impulse wave (3) - which belongs to the long-term upward impulse wave ③ from April. The price earlier broke the resistance trendline of the daily down channel from December – which accelerated the active impulse waves (3) and ③. USD/JPY is expected to rise to the next buy target at the next resistance level 115.40 (former top of the earlier (-wave of the primary ABC correction ② from December, which was enclosed by the aforementioned down channel). More: https://fbs.com/analytics/articles/usd%2fjpy_broke_daily_down_channel_937

EUR/USD: BEARISH IMPULSE ARRIVED 14:47 09.05.2017 There's a pullback from 6/8 MM Level, so wave 2 may have been ended like a double zigzag. Therefore, the market is likely going to form a bearish impulse in wave (i) in the short term. More: https://fbs.com/analytics/articles/eur%2fusd%3a_bearish_impulse_arrived_936

USD/JPY: BULLISH "THREE METHODS" 14:13 09.05.2017 We've got a "Three Methods" pattern, which has been confirmed. In this case, the market is likely going to continue moving up in the direction of the next resistance level. There isn't any reversal pattern so far, which means bulls are likely going to continue pushing the price even higher. If a pullback from the upper "Window" is on the table, there'll be an option to have a bearish correction. More: https://fbs.com/analytics/articles/usd%2fjpy%3a_bullish_%22three_methods%22_935

EUR/USD: BEARS GOING TO TEST NEXT "WINDOW" 14:10 09.05.2017 Bears have reached the lower "Window", so if any bullish pattern arrives, there'll be an opportunity to have a local upward correction. However, we could have a decline towards the 55 Moving Average afterwards. The price has been falling since a "Hanging Man" formed at the last high. At the same time, we're likely going to have an upward correction towards the nearest "Window", which could be a departure point for another decline. More: https://fbs.com/analytics/articles/eur%2fusd%3a_bears_going_to_test_next_%22window%22_934

Key option levels for Tuesday, May 9th 9/5/2017 If you have any questions or requests fill out the feedback form. EUR/USD Main trend Short-term period Medium-term period Bearish Neutral Changes in the open interest - 681 ↓ + 32 459 ↑ Closest resistance levels 1.0955; 1.0991; 1.1024; 1.1047 Closest support levels 1.0923; 1.0880; 1.0857; 1.0830 Trading recommendations Baseline scenario Short EUR/USD from 1.0923 (Sell Limit), with target points at 1.0880 and 1.0857 Alternative scenario Moving above 1.0955 can be considered as a signal to Buy the pair, with target at 1.0991 and 1.1024 USD/JPY Main trend Short-term period Medium-term period Bearish Neutral Changes in the open interest - 88 ↓ + 510 ↑ Closest resistance levels 113.69; 113.97; 114.34; 114.76 Closest support levels 113.30; 112.88; 112.57; 112.21 Trading recommendations Baseline scenario Short USD/JPY below 113.30, with target points at 112.88 and 112.57 Alternative scenario Moving above 113.69 can be considered as a signal to Buy the pair, with target at 113.97 and 114.34 USD/CAD Main trend Short-term period Medium-term period Bearish Neutral Changes in the open interest + 11 ↑ + 312 ↑ Closest resistance levels 1.3701; 1.3731; 1.3761; 1.3803 Closest support levels 1.3686; 1.3644; 1.3618; 1.3583 Trading recommendations Baseline scenario Short USD/CAD below 1.3686, with the target points at 1.3644 and 1.3618 Alternative scenario Moving above 1.3701 can be considered as a signal to Buy the pair, with target at 1.3731 and 1.3761 More: https://fxbazooka.com/analytics/13151

GBP/USD: BEARISH "FLAG" 08:14 09.05.2017 Bulls faced resistance at 1.2995, so we've got a "Double Top" pattern, which has been confirmed. Therefore, the pair is likely going to test the 34 Moving Average. If a pullback from this line happens, bulls will probably try to test resistance at 1.2945 - 1.2964. We've got a "Double Top" pattern, which has been confirmed by the last "Flag". The 55 Moving Average acted as support, so bulls are likely going to test resistance at 1.2955 - 1.2964 during the day. Considering a possible pullback from this area, we could have a decline towards support at 1.2913 - 1.2900 afterwards. More: https://fbs.com/analytics/articles/gbp%2fusd%3a_bearish_%22flag%22_933

EUR/USD: "TRIPLE TOP" STOPPED BULLS 08:10 09.05.2017 We've got a "Triple Top", so there's a correction, which is taking place on the four-hours chart. Therefore, the market is likely going to decline towards support at 1.0874 - 1.0851. If a pullback from this area happens, there'll be an opportunity to have an upward price movement in the direction of resistance 1.0905 - 1.0910. The last "Pennant" has been broken, so bears faced support at 1.0905. In this case, bulls are likely going to test resistance at 1.0936, which could be a departure point for another decline towards support at 1.0874. More: https://fbs.com/analytics/articles/eur%2fusd%3a_%22triple_top%22_stopped_bulls_932

EUR/USD: LOCAL BULLISH IMPULSE 17:07 08.05.2017 There's wave 2, which is taking the form of a double zigzag. Also, we've got a zigzag in wave [y], so wave © is likely going to be continued. The main intraday target is 7/8 MM Level. As you can see on the one-hour chart, there's a possible flat pattern in wave ii. So, bulls are likely going to deliver another upward impulse in wave iii of © in the coming hours. More: https://fbs.com/analytics/articles/eur%2fusd%3a_local_bullish_impulse_922

EUR/CHF BROKE KEY RESISTANCE LEVEL 1.0900 16:15 08.05.2017 EUR/CHF broke key resistance level 1.0900 Next buy target - 1.0976 EUR/CHF has been rising sharply in the last few trading sessions inside the minor impulse wave (iii) – which started earlier from the support level (former strong resistance level from March, acting as support fare it was broken previously). The pair today broke above the key resistance level 1.0900 (top of the earlier sharp B-wave from December). If the pair closes today above resistance level 1.0900 - EUR/CHF can then be expected to rise to the next buy target at the next resistance level 1.0975 (former strong resistance from September and the target price calculated for the completion of the active impulse wave 3). More: https://fbs.com/analytics/articles/eur%2fchf_broke_key_resistance_level_1.0900_920

USD/CHF REVERSED FROM SUPPORT ZONE 16:14 08.05.2017 USD/CHF reversed from support zone Next buy target - 1.0100 USD/CHF recently reversed up from the support zone lying between the pivotal support level 0.9880 (which stopped the previous sharp downward waves (A) and © - as can be seen from the daily USD/CHF chart below) and the lower daily Bollinger Band. If the pair closes today near the current levels it will form the daily Japanese candlesticks reversal pattern Morning Star. Given the strength of the support level 0.9880 - USD/CHF is expected to rise to the next buy target at the next resistance level 1.0100 (top of the previous intermediate impulse wave (1)). More: https://fbs.com/analytics/articles/usd%2fchf_reversed_from_support_zone_919

USD/JPY: "HAMMER" ON MOVING AVERAGE 11:52 08.05.2017 There's a correction, which is taking place around the "Window". Also, there's a bullish "Hammer", which has been confirmed. If the 21 Moving Average acts as a support, bulls are likely going to break the last high. The 34 Moving Average is acting as a support, so we've got a "Hammer" on this line. If this pattern confirms, the market is likely going to test the upper "Window" once again. However, if we see a pullback from this level, bears will have a chance to achieve the closest support area. More: https://fbs.com/analytics/articles/usd%2fjpy%3a_%22hammer%22_on_moving_average_918

EUR/USD: "WINDOW" STILL ON THE TABLE 11:43 08.05.2017 The main trend is still bullish, cause we've got a pullback from the lower "Window". However, there's a bearish "Engulfing", which has been confirmed enough. So, the market is likely going to get support on the 34 Moving Average, which could be a departure point for another upward price movement towards the upper "Window". There's a bearish "Hanging Man", so the price is likely going to test the nearest support during the day. If a pullback from this level happens, bulls will probably try to deliver a new local high. More https://fbs.com/analytics/articles/eur%2fusd%3a_%22window%22_still_on_the_table_917

GBP/USD: RESISTANCE WAITING FOR BULLS 08:07 08.05.2017 There's a possible "V-Bottom" pattern, so the market is likely going to rise towards resistance at 1.3023. At the same time, there's an opportunity to have a downward correction later on, so we should keep an eye on support at 1.2945 as an intraday target. The pair is consolidating between resistance at 1.2995 and support at 1.2945. Nevertheless, bulls are likely going to test the closest resistance at 1.2995 - 1.3023. If a pullback from this area happens, we could have a decline in the direction of support at 1.2952 - 1.2935. More: https://fbs.com/analytics/articles/gbp%2fusd%3a_resistance_waiting_for_bulls_914

EUR/USD: BULLS CAN GO HIGHER 08:04 08.05.2017 The price is still consolidating under the main downtrend. However, bulls are likely going to test the nearest resistance at 1.1025 in the short term. If a pullback from this level happens, there'll be an opportunity to have a decline towards support at 1.0951 - 1.0933. There's a consolidation, which is taking place on the one-hour chart. The main intraday target is resistance at 1.1025, which could be a departure point for a bearish price movement in the direction of a support area between the levels at 1.0969 - 1.0951. More: https://fbs.com/analytics/articles/eur%2fusd%3a_bulls_can_go_higher_913

AUD/USD: AUSSIE ENTERED TO CHANNEL TENKAN-KIJUN 05:17 08.05.2017 Technical levels: support – 0.7400; resistance – 0.7450. Trade recommendations: 1. Buy — 0.7400; SL — 0.7380; TP1 — 0.7450. 2. Sell — 0.7450; SL — 0.7460; TP1 — 0.7380; TP2 — 0.7340. Reason: expanding bearish Ichimoku Cloud, falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling Kijun-sen; the prices are entered into the channel Tenkan-Kijun and supported by Tenkan-sen. More: https://fbs.com/analytics/articles/aud%2fusd%3a_aussie_entered_to_channel_tenkan_kijun_911

EUR/USD: EURO MADE NEW LOCAL HIGHS 05:15 08.05.2017 Technical levels: support – 1.0960; resistance – 1.1000, 1.1070. Trade recommendations: 1. Buy — 1.0960; SL — 1.0940; TP1 — 1.1000; TP2 – 1.1070. Reason: expanding bullish Ichimoku Cloud, 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 Tenkan-sen and Kijun-sen. More:https://fbs.com/analytics/articles/eur%2fusd%3a_euro_made_new_local_highs_910

EUR/AUD BROKE PIVOTAL RESISTANCE LEVEL 1.4650 16:12 04.05.2017 EUR/AUD broke pivotal resistance level 1.4650 Next buy target - 1.4900 EUR/AUD continues to rise inside the sharp minor impulse wave 3 - which previously broke the pivotal resistance level 1.4650 (which stopped earlier waves (4) and (i), as can be seen from the daily EUR/AUD chart below). The breakout of the resistance level 1.4650 accelerated the active minor impulse wave 3, which belongs to the sharp intermediate ©-wave from the end of March. EUR/AUD is expected to rise further in the direction of the next buy target at the next resistance level 1.4900 (which stopped the previous minor B-wave in last November). More: https://fbs.com/analytics/articles/eur%2faud_broke_pivotal_resistance_level_1.4650_879

AUD/USD BROKE SUPPORT ZONE 16:11 04.05.2017 AUD/USD broke support zone Next sell target - 0.7320 AUD/USD continues to fall after the earlier strong breakout of the important support zone lying at the intersection of the support level 0.7450 and the 50% Fibonacci correction of the previous intermediate ABC correction (2) from the end of December, as can be seen below. The breakout of this support zone accelerated the active minor impulse wave 3- which belongs to the intermediate downward impulse (3) from the middle of March. AUD/USD is expected to fall to the next sell target at the next support level 0.7320 (target price for the completion of the active impulse wave 3). More: https://fbs.com/analytics/articles/aud%2fusd_broke_support_zone_878

EUR/USD: BEARISH CORRECTION JUST AROUND THE CORNER 14:52 04.05.2017 Wave (iii) is going to end soon. If a pullback from the upper side of the current ending diagonal happens, there’ll be time for correction. The main target for wave (iv) is 5/8 MM Level, which could be a departure point for another bullish wave. As we can see on the one-hour chart, there’s a triangle in wave , so the price is rising in wave [C]. At the same time, wave a or w is likely going to start in the short term. In this case, we should keep an eye on 6/8 MM Level as an intraday target. More: https://fbs.com/analytics/articles/eur%2fusd%3a_bearish_correction_just_around_the_corner_875

USD/JPY: BULLS GOING TO PUSH PRICE HIGHER 14:29 04.05.2017 The price is still rising, so bulls have broken the nearest “Window”. Considering that there isn’t any reversal pattern so far, the price is likely going to climb even higher. However, if a pullback from the next resistance happens, there’ll be a chance to have a bearish correction. The last reversal patterns haven’t been confirmed yet. The main intraday target is the upper “Window”, which could be a departure point for a local correction towards the Moving Averages. More: https://fbs.com/analytics/articles/usd%2fjpy%3a_bulls_going_to_push_price_higher_874

EUR/USD: CONSOLIDATION GOING TO MOVE ON 14:22 04.05.2017 The 21 Moving Average has acted as a support, but we still don’t have any reversal pattern so far. Therefore, the market is likely going to test the nearest resistance once again. If a pullback from this level happens, there’ll be an opportunity to have a decline in the direction of the lower “Window”. We’ve got a pullback from the 89 Moving Average. However, there’s a bearish “Shooting Star”, but a confirmation of this pattern is a quite weak. In this case, we could have a local downward correction during the day. If a pullback from the Moving Averages happens, bulls will probably try to deliver a new local high. More: https://fbs.com/analytics/articles/eur%2fusd%3a_consolidation_going_to_move_on_873

ATTENTION: FRENCH PRESIDENTIAL ELECTION 10:09 04.05.2017 The decisive second round of French presidential election will take place on Sunday, May 7. Two candidates will compete for France’s top position. Far-right leader Marine Le Pen, who aims to fight immigration and leave the euro area. Centrist candidate Emmanuel Macron, on the other hand, wants to strengthen the European monetary union by setting up a separate budget for the 19 countries that use the euro. Financial markets have already priced in high probability of Macron’s victory. According to the recent opinion polls, young centrist can win 65% of votes in run-off against Le Pen. The main task for Macron in the countdown to the second-round vote is to pull in the left-leaning electorate of Hamon and Mélenchon as well as those who voted for center-right Fillon in the first round. How to trade? While preparing for trading on the outcome of the French presidential election, remember that just because a candidate won the first round, it doesn’t mean that he/she will win the presidency. There are concerns that French voters may stay at home. The turnout is the biggest challenge for Macron’s team. Le Pen’s supporters may prove to be more devoted to their candidate and eager to come to the voting stations. Macron’s voters, on the contrary, are pretty sure in an absolute win of their candidate, so there’s a risk that they won’t go to cast their votes this Sunday. As a result, there is a room for uncertainty. Beware of unexpected outcomes! Whatever be the result of the second round, remember one thing: the EUR and high-risk assets will like Macron’s victory, while Le Pen’s success might seriously hurt the single currency and boost safe-havens. More: https://fbs.com/analytics/articles/attention%3a_french_presidential_election_871

GBP/USD: BEARS GOING TO TEST NEAREST SUPPORT 06:50 04.05.2017 There’s a consolidation, which is taking place on the four-hours chart. Moreover, we’ve got a “Double Top”, which has been confirmed. So, the market is likely going to decline towards the 34 Moving Average, which could be a departure point for an upward price movement in the direction of a resistance area at 1.2913 – 1.2945. We’ve got a “Double Top”, which has been confirmed by the last “Pennant”. The 89 Moving Average is acting as a support. Nevertheless, the price is likely going to reach a support at 1.2844 – 1.2816. If a pullback from these levels happens, there’ll be a chance to have a bullish movement towards a resistance at 1.2865 – 1.2880. More: https://fbs.com/analytics/articles/gbp%2fusd%3a_bears_going_to_test_nearest_support_870

EUR/USD: POSSIBLE "TRIPLE TOP" 06:44 04.05.2017 The price is still consolidating near the upper side of the current “Wedge”. At the same time, there’s a possible “Triple Top”. If this pattern confirms, the market is likely going to decline towards the 55 Moving Average. If a pullback from this line happens, there’ll be an opportunity to have another bullish price movement. Bears faced a support at 1.0882, so the price is consolidating. Also, we’ve got a “Pennant” pattern, so the pair is likely going to test the nearest support area at 1.0855 – 1.0851 during the day. If we see a pullback from these levels, bulls will probably try to achieve a resistance at 1.0910 – 1.0918. More: https://fbs.com/analytics/articles/eur%2fusd%3a_possible_%22triple_top%22_869

AUD/USD: AUSSIE MADE NEW LOWS 05:38 04.05.2017 Technical levels: support – 0.7380, 0.7340; resistance – 0.7450. Trade recommendations: 1. Sell — 0.7450; SL — 0.7460; TP1 — 0.7380; TP2 — 0.7340. Reason: expanding bearish Ichimoku Cloud, falling Senkou Span A and B; a new dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen; the prices are on the new lows for the last four months. More: https://fbs.com/analytics/articles/aud%2fusd%3a_aussie_made_new_lows_867