Jump to content

Exchange Blog Cryptocurrency Blog


All Pips



FBS.com - Daily/Weekly Analysis / Market News


Recommended Posts

GBP/USD: "V-BOTTOM" PATTERN

09:17 09.10.2017

 

1507540502-82157f0cda42ec293f4d22a2ad7f5

 

Bears faced with support at 1.3017, so we've got a "V-Bottom" pattern. In this case, the pair is likely going to achieve the nearest resistance at 1.3182 in the short term. However, if we have a pullback from this level, there'll be an option to have another decline towards the closest support area at 1.3017 - 1.2994.

 

1507540502-2d9ff561dba0155ac8f0ff7d61bc5

 

The price has been rising since a "V-Bottom" pattern was formed. The main intraday target is the nearest resistance at 1.3182 - 1.3221. Meanwhile, if we see a pullback from these levels, bears will probably try to reach the next support at 1.3017 - 1.2994 soon.

 

More:


Link to comment
Share on other sites

  • Replies 9.6k
  • Created
  • Last Reply

Top Posters In This Topic

EUR/USD: ANOTHER PULLBACK FROM 0/8 MM LEVEL

10:00 09.10.2017

 

1507543204-653c6578f34f8e0b314ade633b6ba

 

There's another pullback from 0/8 MM Level, so wave 4 may have been formed. Also, we've got a possible ending diagonal in wave [c] of 4. In this case, bulls are likely going to deliver an impulse in wave . The main intraday target is 2/8 MM Level.

 

1507543203-0e46f50cf591208220769680d5c11

 

-1/8 MM Level has acted as support, so we've got an upward impulse in wave (i). Moreover, wave (ii) is likely ended, so there's an opportunity to have another bullish impulse in wave (iii) of [iii] during the day.

 

More:


Link to comment
Share on other sites

USD/JPY: "TWEEZERS" AND "ENGULFING" PATTERNS

11:56 09.10.2017

 

1507550099-2e5339b3c0eab3fab8c52f8e2aadd

 

We've got a "Tweezers" and an "Engulfing" patterns, which both have been formed at the local high. So, the 34 Moving Average is likely going to act as support soon. If a pullback from this line happens, we could have another bullish rally.

 

1507550099-4965cf8bfbd4638628638dd4801d4

 

The price is still consolidating, cause the 144 Moving Average is acting as support. In this case, the pair is likely going to test the upper "Window", which could be a departure point for another decline.

 

More:


Link to comment
Share on other sites

EUR/USD: BULLISH "HIGH WAVE"

11:57 09.10.2017

 

1507550100-4d5495190cd17f3cdbdd1a88fef6f

 

There's a "High Wave" pattern, which has been confirmed. So, the market is likely going to test the 34 Moving Average, which could be a departure point for another decline.

 

1507550099-6692f4d215a83c03f460384190746

 

We've got a local bullish "High Wave", so there's an opportunity to have an intraday upward price movement. The main target for buyers is the 144 Moving Average line.

 

More:


Link to comment
Share on other sites

AUD/USD: AUSSIE IN CORRECTION TO KIJUN

04:56 10.10.2017

 

Technical levels: support – 0.7760; resistance – 0.7800

 

Trade recommendations:

 

Sell — 0.7800; SL — 0.7820; TP1 — 0.7760; TP2 — 0.7715.

Reason: expanding bearish Ichimoku Cloud, falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, falling Tenkan-sen and Kijun-sen; the prices are in correction inside of the channel Tenkan-Kijun.

 

1507611383-42a68b4bfa2f0515dfbaa054e9dba

 

More:


Link to comment
Share on other sites

USD/JPY: DOLLAR ENTERED INTO CLOUD

04:57 10.10.2017

 

Technical levels: support – 112.40; resistance – 113.30.

 

Trade recommendations:

 

Sell — 112.30; SL — 112.50; TP1 — 111.90; TP2 — 111.60.

Reason: bullish Ichimoku Cloud with rising Senkou Span B, but horizontal Senkou Span A; a cancelled golden cross of Tenkan-sen and Kijun-sen, with horizontal Tenkan-sen and Kijun-sen; the prices are breaking down the SSA’s support and entered into the Cloud.

 

1507611383-3dcc4d3b0e9d38341d309e86e7227

 

More:


Link to comment
Share on other sites

XAU/USD: BULLS COUNTERATTACKED

07:54 10.10.2017

 

Recommendation:

 

SELL $1277 SL $1292 TP $1247

 

On the daily chart, XAU/USD bulls managed to get to an important support at $1267 an ounce and let the pair outside of the short-term descending channel. The pair’s currently getting ready to conquer resistance at $1289. Success in this will open the way to $1302 and $1317. Failure will return the initiative to the bears.

 

1507621900-3c3c5205e2350e553c87bfb24c322

 

On H1, after reaching 200% target of AB=CD XAU/USD pulled back. To resume active selling, bears need to return the pair inside the downtrend channel.

 

1507621915-ccae822ec07d68fa61b1c2713a582

 

More:


Link to comment
Share on other sites

USD/CAD: BULLS TOOK A PAUSE

08:07 10.10.2017

 

Recommendation:

 

BUY 1.2595

 

SL 1.254

 

TP1 1.2715 TP2 1.292 TP3 1.324

 

On the daily chart, bulls decided to take a pause after reaching the maximal level since the end of August. Until then, as long as the quotes are above support at 1.2462 (23.8% of the last medium-term term descending wave), buyers remain in control of the pair.

 

1507622762-1430b06b52ccdf0a9e951da313446

 

On H1, USD/CAD pulled back down after reaching resistance at 88.6% of the last descending wave and 161.8% target of AB=CD. To resume the uptrend bulls need to push the pair above 1.2595.

 

1507622780-5c726ce87bf89e31cdcfbd4c37b26

 

More:


Link to comment
Share on other sites

EUR/USD: 34 MA ACTING AS RESISTANCE

08:29 10.10.2017

 

1507624088-16d63e095145decb21063a78a1f91

 

The 34 Moving Average is acting as resistance, but the market is likely going to reach the next resistance at 1.1822 - 1.1837 in the short term. If a pullback from this area happens, we could have a decline towards the nearest support at 1.1739 - 1.1714.

 

1507624089-752e8d6748cb0e2a1fbe56e1aeaf5

 

The price has been rising since a pullback from the downtrend happened. The main intraday target is the closest resistance at 1.1822 - 1.1831, which could be a departure point for a bearish correction.

 

More:


Link to comment
Share on other sites

GBP/USD: MARKET GOING TO TEST 89 MA

08:31 10.10.2017

 

1507624089-6730ec2fb85840a5a2ba350b22ddd

 

There's a "V-Bottom", so the price is consolidating. It's likely that the market is going to test the 89 Moving Average in the short term. If a pullback from this line happens, there'll be an opportunity to have a decline towards the nearest support at 1.3150 - 1.3115.

 

1507624088-72f5b16d6e2b38b3dc2a2f455cf9d

 

The 55 Moving Average acted as resistance. At the same time, bulls are likely going to test the closest resistance at 1.3221 - 1.3256 during the day. If we see a pullback from these levels, bears will probably try to test another support at 1.3150 - 1.3115 afterwards.

 

More:


Link to comment
Share on other sites

EUR/USD: EXTENSION IN WAVE (III) OF

08:54 10.10.2017

 

1507625645-5e61831173ee2fc5d095235f34e59

 

The price has been rising since a pullback from 0/8 MM Level happened. So, there's a developing bullish impulse, which could be wave . The main intraday target is 2/8 MM Level.

 

1507625646-454d5a00d54069c897433539efbc9

 

There's an extension in wave (iii) of , which hasn't been finished yet. Therefore, the price is likely going to test 3/8 MM Level, which could be a departure point for wave (iv). Nevertheless, bulls will try to reach 4/8 MM Level afterwards.

 

More:


Link to comment
Share on other sites

USD/JPY: CONSOLIDATION ABOVE "WINDOW"

12:07 10.10.2017

 

1507637160-1aae44a02bbb8d6fa155813ee8dac

 

The price is still consolidating above the upper "Window". Also, there are a "Tweezers" and an "Engulfing" patterns, which both have been formed at the last high. So, bears are likely going to test the 89 Moving Average soon.

 

1507637160-88db40670ad43672cce9abbda6939

 

There's an opportunity to have any bullish pattern on the achieved "Window" level. If so, we're likely going to have a local upward correction. Nevertheless, bears will try to deliver another decline.

 

More:

Link to comment
Share on other sites

EUR/USD: "THREE METHODS" PATTERN

12:10 10.10.2017

 

1507637159-3845d29322b752bc1b6670001d48b

 

The last "High Wave" pattern led to an achievement of the 55 Moving Average, which acted as resistance. However, bulls are likely going to test the 89 Moving Average in the short term. If a pullback from this line happens little later on, we could have another decline.

 

1507637160-061844e5316b7e6bba06f950c6f5a

 

There's a "Three Methods" pattern, which pushed the price even higher, so the 144 MA has been broken. Meanwhile, there's an opportunity to have a downward correction towards the nearest support, which could be a departure point for just another bullish price movement.

 

More:


Link to comment
Share on other sites

EUR/USD: 89 MA ACTED AS RESISTANCE

06:56 11.10.2017

 

1507704872-b7e2c24bb67dd256909d3cb05ca56

 

The 89 Moving Average has acted as resistance, so the price is consolidating. Nevertheless, the pair is likely going to test the next resistance at 1.1848 - 1.1860 in the short term. If a pullback from this area happens little later on, there'll be an opportunity to have a bearish correction towards the nearest support at 1.1793 - 1.1772.

 

1507704871-418fbb7550aec3948d11a5c5cd044

 

The price is consolidating between the levels 1.1822 - 1.1793. The main intraday target is the closest resistance at 1.1848 - 1.1860. However, if we see a pullback from these levels, bears will probably try to achieve another support at 1.1822 - 1.1793.

 

More:


Link to comment
Share on other sites

GBP/USD: LOCAL "DOUBLE TOP" PATTERN

06:57 11.10.2017

 

1507704871-3f90cdefdda47dddb6be5d43e01fd

 

There's a consolidation, which is taking place under the nearest resistance at 1.3221. The main intraday target is the closest support at 1.3182 - 1.3150. If we have a pullback from this area, bulls will probably try to reach the 89 Moving Average.

 

1507704871-c717baf74978b6412fc17ebff736e

 

The 89 Moving Average has acted as resistance, so there's a "Double Top" pattern. In this case, the market is likely going to test the 34 MA during the day. Meanwhile, if a pullback from this line happens afterwards, there'll be an option to have an upward price movement in the direction of the next resistance at 1.3221 - 1.3256.

 

More:


Link to comment
Share on other sites

EUR/USD: WAVE ABOUT TO END

07:16 11.10.2017

 

1507706139-3cad7876c5dff54468e39397a2575

 

Wave 4 may have been formed, cause there's a pullback from 0/8 MM Level. Also, a bullish impulse in wave is about to end, so we could have a downward correction in the short term. The main intraday target for wave [ii] is 1/8 MM Level, which could be a departure point for wave [iii] of 5.

 

1507706139-beeafafe0793d3e6622c07c324ce8

 

There's a developing impulse in wave . It's likely that wave (v) is going to end on 4/8 MM Level. Therefore, there's an opportunity to have wave [ii] during the day. In this case, we should keep an eye on 2/8 MM Level as an intraday bearish target.

 

More:


Link to comment
Share on other sites

USD/JPY: "SHOOTING STAR" PATTERN

12:21 11.10.2017

 

1507724450-9abffccf8ce13e4ae52ab3f1e85e2

 

The price is still consolidating. Also, there's a bullish "Engulfing" on the 55 Moving Average, but this pattern remains unconfirmed. So, the price is likely going to continue moving down until any reversal pattern arrives.

 

1507724450-67ca8c102c5cc885bbe91c39b832b

 

We've got a "Shooting Star" pattern, which has been formed on the 55 & 89 Moving Averages. In this case, the pair is likely going to test the nearest support area during the day.

 

More:


Link to comment
Share on other sites

EUR/USD: PRICE GOING TO TEST MOVING AVERAGES

12:23 11.10.2017

 

1507724449-ef0779381c6b01481d6c29f0d424a

 

There's a bearish "Shooting Star", which has been formed on the 89 Moving Average. However, this pattern is still unconfirmed, so we could have just a local correction. Therefore, bulls are likely going to deliver a new local high soon.

 

1507724450-d9b093d5cbedcc2aa2bca5727051f

 

At the same time, we've got a confirmed "Shooting Star" on the one-hour chart. So, the price is likely going to test the Moving Averages in the coming hours. If a pullback from these lines happens next, there'll be an opportunity to have another upward price movement.

 

More:


Link to comment
Share on other sites

EUR/USD: EURO TESTED SBB’S RESISTANCE

06:54 12.10.2017

 

Technical levels: support – 1.1850, 1.1830; resistance – 1.1890, 1.1940.

 

Trade recommendations:

 

Buy — 1.1850; SL — 1.1830; TP1 — 1.1890; TP2 – 1.1940.

Reason: bearish Ichimoku Cloud with rising  Senkou Span A; a strong golden cross of Tenkan-sen and Kijun-se with rising Tenkan-sen and Kijun-sen; the prices are under Senkou Span B and will try to breakout.

 

1507791277-5974574d0f06c411e972e24d898d2

 

More:


Link to comment
Share on other sites

USD/JPY: DOLLAR MAY GO LOWER

06:55 12.10.2017

 

Technical levels: support – 112.00, 111.60; resistance – 112.70.

 

Trade recommendations:

 

Sell — 112.20; SL — 112.40; TP1 — 111.60; TP2 — 111.30.

Reason: bullish Ichimoku Cloud, but falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen; but the market is under the Tenkan’s resistance.

 

1507791277-3dcc4d3b0e9d38341d309e86e7227

 

More:


Link to comment
Share on other sites

EUR/USD: PRICE GOING TO CONTINUE RISING

07:13 12.10.2017

 

1507792345-94785f9067b8ffc4149b5fcadc771

 

All the Moving Averages have been broken, so the market is likely going to continue moving up in the short term. The main bullish target is the nearest resistance at 1.1892 - 1.1914. If we have a pullback from this area, bears will try to test the closest support at 1.1837 - 1.1822.

 

1507792345-a421cf4987fb6a146131c90c70091

 

Bulls faced with resistance at 1.1889, so the price is consolidating. In this case, bears are likely going to test the nearest support at 1.1848 - 1.1831 during the day. Meanwhile, if a pullback from these levels happens little later on, we could have another bullish rally towards the next resistance.

 

More:


Link to comment
Share on other sites

GBP/USD: BROKEN BULLISH "PENNANT"

07:16 12.10.2017

 

1507792345-c771907dcf87ad4f3f4be2bbc7d2f

 

We've got a bullish "Pennant", which has been broken, so the price is still rising. It seems like the pair is ready to test the next resistance at 1.3290 - 1.3342. However, if we see a pullback from this area, there'll be an opportunity to have a decline in the direction of another support at 1.3221 - 1.3182.

 

1507792345-fdb08e12060327b0790482a76eeda

 

The price faced with resistance at 1.3256, so there's a local consolidation. The 89 Moving Average is likely going to act as support during the day. If so, bulls will probably try to deliver a new local high afterwards.

 

More:


Link to comment
Share on other sites

EUR/USD: WAVE [iI] COMING SOON

07:20 12.10.2017

 

1507792760-c38be44bd287c8b4be215a6636aad

 

The price has been rising since a pullback from 0/8 MM Level happened. Wave is about to end, so if 3/8 MM Level acts as resistance, we could have a downward correction. In this case, we should keep an eye on 1/8 MM Level as an intraday bearish target.

 

1507792760-0255b7fffbbbd0786809d3949546e

 

There's a developing bullish impulse in wave , which is likely going to end soon. Therefore, if a pullback from 6/8 MM Level happens in the coming hours, bears will probably try to test 2/8 MM Level afterwards.

 

More:


Link to comment
Share on other sites

USD/JPY: BEARISH "HARAMI"

11:53 12.10.2017

 

1507809144-e8f92659269bb7a8819f6dac1be71

 

The 55 Moving Average has acted as support. However, there's also resistance by the upper "Window". In this case, the price is likely going to test the 89 MA. If a pullback from this line happens, we could have another bullish rally.

 

1507809144-98fed794a1299fa91ef56689bdd4e

 

There's a bearish "Harami", which has been formed at the last local high. This pattern has been confirmed afterwards, so the price is likely going to test the nearest support level during the day.

 

More:


Link to comment
Share on other sites

EUR/USD: "ENGULFING" ON THE UPPER "WINDOW"

11:55 12.10.2017

 

1507809144-b3f25de5e9d953ea8ccccca872e79

 

There's a bearish "Engulfing" pattern, which hasn't been confirmed yet. In this case, the market is likely going to test the 34 Moving Average, which could be a departure point for another upward price movement.

 

1507809144-d4ecc23f418f4f66481eefb1e8adf

 

We've got an "Engulfing", which has been formed on the upper "Window". Therefore, the pair is likely going to decline in the short term. The main bearish target is the 144 Moving Average.

 

More:


Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


×
×
  • Create New...