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AUD/USD Daily Analyics

07:21 02.04.2018

Recommendations:

 

BUY 0.7715 SL 0.766 TP1 0.7815 TP2 0.789 TP3 0.7985

 

SELL 0.7635 SL 0.7690 TP1 0.7570 TP2 0.7535 TP3 0.7500

 

On the daily chart, AUD/USD pulled back after reaching 127.2% target of AB=CD. The pair formed a pin bar. If it’s fulfillment is followed by the successful test of support at 0.7635-0.7640 will increase the risks of decline.

 

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On H1, AUD/USD formed “Wolfe waves” pattern. To trigger it, bulls need to overcome resistance at 0.7707-0.7715. On the other hand, decline to March low will open the way down.

 

1522653625-ef00342837a633bda01cab6a3fe3e

 

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EUR/USD Daily Analytics

10:00 02.04.2018

 

1522663010-4d00c52c5eb5b1dfad09b4147473b

 

There's a bullish 'V-Bottom', so the price is consolidating. It's likely that the market is going to test the next resistance at 1.2359 - 1.2372 in the short term. If a pullback from this area forms little later on, there'll be an opportunity to have a decline towards the nearest support at 1.2285 - 1.2272.

 

1522663010-c10bb8887b0d2b958348802e814db

 

The price is consolidating under the Moving Averages. However, there's a bullish 'Flag' pattern, so the pair is likely going to reach the closest resistance at 1.2395 - 1.2372 in the coming hours. A pullback from these levels could be a starting point for another bearish price movement.

 

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GBP/USD Daily Analytics

10:03 02.04.2018

 

1522663010-9d729890f187d239acc0615edabc7

 

The main trend is still bullish. Also, there's a 'Double Bottom' pattern, which has been formed between the Moving Averages. In this case, the market is likely going to test the next resistance at 1.4144, which could be a departure point for another decline.

 

1522663010-b1f4e6ec186400691932c628e7649

 

We've got a confirmed 'Double Bottom', so the pair is likely going to achieve the nearest resistance at 1.4095 - 1.4133 soon. Meanwhile, if a pullback from this area happens afterwards, there'll be a moment to have a decline in the direction of the closest support at 1.4027 - 1.3982.

 

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GOLD                         

13:58 02.04.2018

Gold managed to rise today after three days of a significant plunge. In the late Sunday evening, China announced charges on 128 US goods in retaliation to US steel and aluminum tariffs. Charges are in force since today. Trade wars’ tensions increased so the US dollar has continued to weaken giving a green light to gold.

 

However, gold is suffering from the volatility since the end of January. So does it have real reasons to rise further?

 

According to Goldman Sachs’s analysts, gold has chances to outperform in the next months. There will be two supportive factors for bullion. They are an inflation’s increase and a high risk of stock market’s correction.

 

It may seem counterintuitive but interest rate hike may be a supportive factor for the gold market. Despite the fact, that rate’s hikes should help to lift the US dollar, Goldman Sachs has another opinion. As the company considered empirical data, gold has surged after rate hikes four from six times. The Fed is anticipated to raise the interest rate at least two times this year.

 

The unstable trade environment is supposed to bring uncertainty to U.S. equity markets which could drive money into safe haven assets like gold and the Japanese yen. Although there were talks about US-China negotiations in regard to trade wars, in fact, we see an escalation of the trade conflict.

 

According to Commerzbank, gold represents not only as a safe haven but as a crisis currency too.

 

Nowadays, there is a big conflict between Russia and the West that exploded because of the poison attack on a former Russian spy. Until the conflict escalates, gold gets points to rise.

 

As we can see, gold has chances to gain a foothold and move further as the uncertain environment is highly supporting it.

 

However, investors will pay high attention to US data this week. ISM non-manufacturing PMI (April 4, 17:00 MT time), average hourly earnings, non-farm payrolls, unemployment rate (April 6, 15:30). If data is encouraging, the US dollar will appreciate, that can slow down the rise of yellow metal.

 

Now gold is trading near 1,339 an ounce. The resistance lies at 1,341.50. If gold is able to break it, more likely that the Goldman Sachs’s forecast will become a reality.

 

1522677271-d8d63f9182e154867102204db3d26

 

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EUR/USD Dayli analytics

14:17 02.04.2018

 

1522678558-3a122ee1898a677da0a45860c142b

 

There's a bullish 'Inverted Hammer', which has been confirmed by the last 'Three Methods'. In this case, the pair is likely going to test the nearest resistance area, which could be a departure point for another decline.

 

1522678558-41b08fdf2a06aa2cacbf144f0dbc9

 

The lower 'Window' acted as support, so the price is rising. Also, there're two 'Three Methods' models in a row, so the market is likely going to move up until any bearish pattern forms.

 

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USD/JPY Daily Analytics/B]

14:20 02.04.2018

 

1522678558-b761fb1e9b1a9206f96609033eb70

 

There's a bullish 'Doji', so the pair is likely going to test the nearest resistance. Meanwhile, bears are likely going to test the Moving Averages afterwards. However, if a pullback from this lines happens, there'll be a moment for another upward price movement

 

1522678558-63b5b9093dd400a5411c792959b71

 

.The 34 Moving Average is acting as support, so there's a pretty rare 'Dragon Doji' pattern. Nevertheless, if a pullback from the next resistance area happens in the coming hours, we could have a decline in the direction of the 89 Moving Average.

 

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EUR/USD: BULLISH 'INVERTED HAMMER'

14:17 02.04.2018

 

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There's a bullish 'Inverted Hammer', which has been confirmed by the last 'Three Methods'. In this case, the pair is likely going to test the nearest resistance area, which could be a departure point for another decline.

 

hPxqsOE.png

 

The lower 'Window' acted as support, so the price is rising. Also, there're two 'Three Methods' models in a row, so the market is likely going to move up until any bearish pattern forms.

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FBS Video Lessons

 

In this video Tutorial LESSON 16. FUNDAMENTAL ANALYSIS

Let’s now move to the fundamental analysis. If you know why the price moves in a certain direction, you can successfully predict where it will go next and open a profitable position. Currency exchange rates are affected by a set of different factors, mainly economic: economic growth, unemployment rate, inflation, and others.



 

Do not forget to chose your language from the video's subtitles :) 

 

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EUR/USD Daily Analyics

06:40 03.04.2018

Technical levels: support – 1.2300; resistance – 1.2320, 1.2380.

 

Trade recommendations:

 

Buy — 1.2310/20; SL — 1.2290; TP1 — 1.2380; TP2 — 1.2420

Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with the falling Kijun-sen; the market still staying on the support of the Cloud.

 

1522737621-5974574d0f06c411e972e24d898d2

 

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GBP/USD Daily Analytics

06:42 03.04.2018

Technical levels: support – 1.4040; resistance – 1.4140.

 

Trade recommendations:

 

Buy — 1.4060; SL — 1.4040; TP1 — 1.4140; TP2 — 1.4170.

Reason: bullish Ichimoku Cloud, but the lines Senkou Span A and B are horizontal; a correctional dead cross of Tenkan-sen and Kijun-sen with falling Kijun-sen; the prices are still inside a Cloud, but supported by Kijun-sen.

 

1522737621-5838ef800660551113de2aff99712

 

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EUR/USD Daily Analyics

11:12 03.04.2018

 

1522753896-33e6f81fcc46015daeb622ca3dfc4

 

There's a 'V-Bottom', so the price is testing the 89 Moving Average. The main intraday target is the next resistance at 1.2372 - 1.2387. If a pullback from this area happens little later on, there'll be a moment for another decline.

 

1522753896-c3c32c57e8f31401321ee3d4746d0

 

The Moving Averages acted as resistance, so the market is likely going to test the nearest support at 1.2294 - 1.2285. A pullback from these levels could be a departure point for an upward price movement in the direction of the closest resistance at 1.2359 - 1.2372.

 

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GBP/USD Daily Analytics

11:14 03.04.2018

 

1522753896-8d6835b1e14ad82ba6f587689d677

 

There's a 'Double Bottom', which has been formed between the Moving Averages. It's likely that the pair is going to test the nearest resistance at 1.4144 - 1.4199, which could be a starting point for a bearish price movement towards the next support at 1.3982.

 

1522753896-37d91e3e08eab46079607ee9f3f3a

 

We've got a confirmed 'Triple Bottom', so bulls are likely going to test the nearest resistance at 106.63 - 107.00 in the short term. Meanwhile, if a pullback from these levels happens little later on, there'll be a moment for a decline.

 

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EUR/USD Daily analyics

14:28 03.04.2018

 

1522765586-3bdf4d7635f13e1c2bdf5300ddb79

 

The 34 & 55 Moving Averages acted as resistance, so there's a bearish 'Shooting Star' pattern. Also, there's a bearish 'Three Methods', so the market is likely going to continue falling down in the short term.

 

1522765586-b8f4cb152b28cb2e66f2364fce07e

 

There's a 'Shooting Star' pattern, which has been formed on the 144 Moving Average. In this case, we should keep an eye on the lower 'Window' as a possible intraday target

 

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USD/JPY Daily Analytics

14:33 03.04.2018

 

1522765586-889f4ae31695b6b79e538f87723c2

 

We've got a bullish 'Hammer', which has been confirmed. Also, there's no any reversal pattern so far, which means the price is going to continue rising in the direction of the 144 Moving Average.

 

1522765585-6bc6f54aef201ba7b600af734e390

 

The last bullish 'Harami' led to the current upward price movement. Meanwhile, if a pullback from the nearest resistance happens little later on, there'll be an opportunity to have a local correction.

 

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What can we learn from people that have succeeded in Forex?

 

In this opportunity, we present you Mr Reza Aswin, a financial expert, Forex analyst and mentor, he is an independent consultant and also provides financial analytics for FBS. He agreed to give an interview for our blog and share a few tips with our traders.

Read his interesting interview here https://goo.gl/qoukTy

 

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AUD/USD Daily Analytics

06:25 04.04.2018

Technical levels: support – 0.7610, 0.7690; resistance – 0.7730

 

Trade recommendations:

 

Sell — 0.7730; SL — 0.7750; TP1 — 0.7610; TP2 — 0.7580.

Sell — 0.7680; SL — 0.7710; TP1 — 0.7610; TP2 — 0.7580.

Reason: narrowing bearish Ichimoku Cloud with rising Senkou Span A; a cancelled golden cross of Tenkan-sen and Kijun-sen; the prices are had entered into the cloudy area.

 

1522823136-42a68b4bfa2f0515dfbaa054e9dba

 

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USD/JPY Daily Analytics

06:27 04.04.2018

Technical levels: support – 106.30; resistance – 106.70, 107.30.

 

Trade recommendations:

 

Sell — 107.30; SL — 107.50; TP1 — 106.30; TP2 — 106.00.

Reason: narrow bullish Ichimoku Cloud with falling Senkou Span A; a cancelled dead cross of Tenkan-sen and Kijun-sen; the market had returned into the positive area, but there is a strong resistance on 107.30.

 

1522823136-3dcc4d3b0e9d38341d309e86e7227

 

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USD/CAD Daily Analytics

06:54 04.04.2018

Recommendation:

 

SELL 1.2770

 

SL 1.2825

 

TP1 1.2690 TP2 1.2570

 

On the daily chart of USD/CAD, after a short consolidation in the 1.2810-1.2950 range bulls manage to pull the pair above its lower border and trigger the “Shark” pattern with a target at 88.6%. The necessary condition for the further decline is the fall below support at 1.2685-1.2715.

 

1522824828-1430b06b52ccdf0a9e951da313446

 

On H1, a break of support at 1.2815 with its following retest triggered the “Spike and ledge”, “Shark” and AB=CD. The targets of the last two at 113% and 224% are at 1.2570 and 1.2690.

 

1522824847-5c726ce87bf89e31cdcfbd4c37b26

 

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GBP/USD Daily Analytics

09:22 04.04.2018

Recommendations:

 

BUY 1.4195

 

SL 1.414

 

TP1 1.4295 TP2 1.443 TP3 1.4515

 

On the daily chart of GBP/USD, a correction within the “Shark” pattern’s transformation to 5-0 ended at the level of 38.2% from the CD wave. To resume the uptrend bulls should break the resistance at 1.4122. As a result, odds of 113% and 127.2% targets of “Shark” and “AB=CD” patterns will increase.

 

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On H1, after the pair reached the first target of the “Wolfe waves” pattern a natural pullback happened. To continue the rally, bulls should break the resistance at 1.4195.

 

1522833640-eaec8f61edb51b022cc992c13c279

 

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XAU/USD Daily Analytics

09:25 04.04.2018

Recommendations:

 

BUY 1345

 

SL 1330

 

TP1 1374 TP2 1394

 

On the daily chart of XAU/USD, bears are trying to form the “Shakeout-Fakeout” pattern as the pair could not break the upper boundary of 1302-1340 consolidation. To implement it the pair has to break the support at 1321. Vice versa, the hit of resistances at 1340 and 1345 will let bulls to hope on the continuation of the rally to 113% and 127.2% targets of “Shark” and “AB=CD” patterns.

 

1522833827-645800f66cec2264dcf59cce4c9ff

 

On H1, the implementation of the “Butterfly” pattern will increase risks of the sharp decline. To resume the uptrend bulls should break the resistance at 1345.

 

1522833844-ee5460ddb0ab759758a13cd2952ea

 

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EUR/USD Daily Analytics

11:34 04.04.2018

 

1522841614-330b3b47b24beaf5dcf09de3ee72c

 

There's a 'Double Bottom' pattern, but the price remains under the Moving Averages. The main intraday target is the nearest resistance at 1.2335 - 1.2344, which could be a departure point for another decline.

 

1522841614-a91a28bc0e176750317a8674cc9de

 

The 55 Moving Average acted as resistance, so there's a 'Thorn' pattern. In this case, the pair is likely going to test the closest support at 1.2272 - 1.2253. If we have a pullback from this area, there'll be a moment for an upward price movement.

 

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