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Re: Market news and trade recommendations by FBS
#11
EUR/USD: "DOUBLE TOP" PATTERN
10:38 22.08.2017

[Image: 1503387391-fce8926c76460aa3e58b9b19ead3e...00_q90.png]

The price is consolidating under the previously broken trend line. So, the pair 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 towards the next resistance at 1.1846 - 1.1875.

[Image: 1503387390-3e04c87082e567473b0104a37914a...00_q90.png]

We've got a local "Double Top" pattern, which has been confirmed, so the price is testing the nearest support at 1.1801. It seems like bears are going to reach the next support at 1.1773. However, if we have a pullback from this level, bulls will probably try to achieve another resistance at 1.1838 - 1.1846.

More:
https://fbs.com/analytics/articles/eur_u...ttern_3141
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#12
XAU/USD: INDIANS WILL SHOW WAY FOR GOLD
10:55 22.08.2017

Recommendation: SELL $1280 SL $1296 TP $1264 TP2 $1250

On the daily chart, XAU/USD managed to return inside the bullish medium-term uptrend channel. Successful test of resistance at $1297 will trigger AB=CD pattern. Its 200% is near $1385. On the other hand, failure will allow bears to seize the initiative.

[Image: 1503388457-20c6ebb86722ac92f8a505b7903a9...00_q90.png]

On H1, XAU/USD formed a reversal pattern: a combination of “Three Indians” and 1-2-3. A break below correction low at the point 2 will signal the start of corrective move. There’s also diagonal resistance at 23.6% of the last bullish wave.

[Image: 1503388474-e12a637cc937326a9c7981d6dfc46...00_q90.png]

More:
https://fbs.com/analytics/articles/xau_u..._gold_3144
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#13
AUD/USD: BULLS WANT TO GO NORTH
11:17 22.08.2017

Recommendation:

BUY 0.796

SL 0.7905

TP1 0.802 TP2 0.807 TP3 0.835

On the daily chart, AUD/USD managed to settle above the important level of 0.7900 (23.6% of the last bullish wave). The odds of the uptrend’s resumption are now higher. The growth of Australian dollar towards 200% target of the AB=CD pattern may continue in case of a successful test of resistance at 0.7960.

[Image: 1503389778-1db64c049cc9775b27418fd0e6b08...00_q90.png]

On H1, AUD/USD reached targets of the “Widening wedge”. A break of resistance at 0.9660 will increase the odds of meeting 88.6% and 113% targets of the “Shark” pattern.

[Image: 1503389790-ef00342837a633bda01cab6a3fe3e...00_q90.png]

More:
https://fbs.com/analytics/articles/aud_u...north_3145
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#14
EUR/USD: "HARAMI" AND "THREE METHODS"
12:06 22.08.2017

[Image: 1503392677-51733c304a5810b6cdacbebd1ef73...00_q90.png]

We've got a bearish "Harami", which has been confirmed, so the market is likely going to test the 89 Moving Average. If a pullback from this line happens, there'll be an opportunity to have another upward price movement.

[Image: 1503392678-da61380a0357758c4466e63e33caa...00_q90.png]

There are bearish patterns such a "Harami" and a "Three Methods". So, the price is likely going to decline in the coming hours. If any bullish pattern arrives afterwards, bulls will probably try to deliver a new local high.

More:
https://fbs.com/analytics/articles/eur_u...ds%22_3147
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#15
USD/JPY: PULLBACK FROM THE LOWER "WINDOW"
12:09 22.08.2017

[Image: 1503392678-3f605b3d19e069919ec981c7be98a...00_q90.png]

There's another pullback from the lower "Window". Also, we've got an "Inverted Hammer" and a "Hammer" patterns, which both have been confirmed. So, the market is likely going to the upper "Window" soon.

[Image: 1503392678-9b4eb98e26da264f40aa12a0bd227...00_q90.png]

We've got a bullish "High Wave" and an "Engulfing". So, the price is likely going to test the 144 Moving Average, which could be a departure point for a decline.

More:
https://fbs.com/analytics/articles/usd_j...ow%22_3148
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#16
EUR/USD: WEDGE AND DOUBLE ZIGZAG
13:16 22.08.2017

[Image: 1503396924-ffc788f7e1e33c1ef49eb24919d4e...00_q90.png]

The price is still consolidating in wave [iv], which is likely going to take the form of a zigzag. The main intraday target is 7/8 MM Level, which could be a departure point for wave [iv].

[Image: 1503396924-c004de39d3260a1bb2918ba5bf75f...00_q90.png]

We've got a wedge in wave (a) and a double zigzag in wave (b), so the price is declining in wave i of ©. If a pullback from 4/8 MM Level happens, there'll be an opportunity to have wave ii of ©.

More:
https://fbs.com/analytics/articles/eur_u...igzag_3149
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#17
GBP/USD: BEARS GOING TO TEST NEAREST SUPPORT
10:41 22.08.2017

[Image: 1503387391-799f29fdc55a485a1035097d2ec84...00_q90.png]

The price is consolidating between the levels 1.2830 - 1.2911. Meanwhile, bears are likely going to test the nearest support at 1.2853. If we have a pullback from this level, there'll be an option to have a bullish price movement in the direction of the next resistance at 1.2932 - 1.2951.

[Image: 1503387390-593c503a5d66e7c75f9d5c99836be...00_q90.png]

There's a consolidation, which is taking place near the Moving Averages. The market is likely going to reach the closest support at 1.2853 during the day. At the same time, if we have a pullback from this level, bulls will have a green light to catch another resistance at 1.2926 - 1.2932.

More:
https://fbs.com/analytics/articles/gbp_u...pport_3142
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#18
GBP/USD: BULLS SHOWED WEAKNESS
09:08 23.08.2017

Recommendation:

SELL 1.2845

SL 1.29

TP1 1.2665

On the daily chart, GBP/USD keeps forming the shark pattern with the target at 113%. It is situated near 1.2767 (38.2% of the last descending wave). The inability of the bulls to return the quotes inside the medium-term uptrend channel points at their weakness. In such environment, it makes sense to sell the pound on rallies.

[Image: 1503468453-b6b56ed02b1869ac79ae2067aff9c...00_q90.png]

On H1, GBP/USD formed 2 areas where players accumulated short positions: 1.2950-1.3025 and 1.2845-1.2910. A retest of the lower border of the previous consolidation range will allow bears to continue the decline.

[Image: 1503468470-2cf183d9aa99dd882e50bd88c66a5...00_q90.png]

More:
https://fbs.com/analytics/articles/gbp_u...kness_3171
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#19
USD/CAD: BEARS GOT SCARED OF A SHARK
09:15 23.08.2017

Recommendation:

SELL 1.2675

SL 1.273

TP1 1,2575

TP2 1.249

TP3 1.245

On the daily chart, USD/CAD keeps forming the 5-0 pattern. Recoil from convergence area at 1.2737-1.2765 allowed bears to try to resume the downtrend. If the pair renews low at 1.2525, it will increase odds of the continuation of the decline. On the other hand, if prices leave the short-term descending trend channel, a consolidation between 1.2525 and 1.2765 may develop.

[Image: 1503468878-1430b06b52ccdf0a9e951da313446...00_q90.png]

On H1, a successful attack on resistance at 1.2595-1.2610 will trigger the inverse “Shark” pattern with 88.6% target. The inability of bulls to hold the pair above 1.2595 will point at their weakness.

[Image: 1503468895-5c726ce87bf89e31cdcfbd4c37b26...00_q90.png]

More:
https://fbs.com/analytics/articles/usd_c...shark_3172
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#20
EUR/USD: EURO SUPPORTED BY CLOUD
09:22 23.08.2017

Technical levels: support – 1.1750; resistance – 1.1820.

Trade recommendations:

Buy — 1.1770; SL — 1.1750; TP1 — 1.1820; TP2 – 1.1890.
Reason: narrow Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen and rising Tenkan-sen; the prices are supported by the Cloud and may continue to rise.

[Image: 1503469345-5974574d0f06c411e972e24d898d2...00_q90.png]

More:
https://fbs.com/analytics/articles/eur_u...cloud_3173
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