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Re: Market news and trade recommendations by FBS
#21
USD/JPY: DOLLAR CORRECTED TO KIJUN-SEN
09:23 23.08.2017

Technical levels: support – 109.00; resistance – 109.750.

Trade recommendations:

Sell — 109.40/50; SL — 109.70; TP1 — 109.00; TP2 — 108.60.
Reason: bearish Ichimoku Cloud, but Senkou Span A and B are horizontal; a dead cross of Tenkan-sen and Kijun-sen; the market has been corrected to Kijun-sen; waiting to continue of downtrend.

[Image: 1503469345-3dcc4d3b0e9d38341d309e86e7227...00_q90.png]

More:
https://fbs.com/analytics/articles/usd_j...n_sen_3174
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#22
EUR/USD: "DOUBLE TOP" PATTERN
10:40 23.08.2017

[Image: 1503473940-8f140af7704be0d32a4ae8efee570...00_q90.png]

There's a "Double Top" pattern, which has been confirmed. So, the price reached the nearest support at 1.1757, which led to a consolidation. In this case, the market is likely going to test the next support at 1.1712 - 1.1683. If a pullback from this levels happens, there'll be an opportunity to have an upward price movement towards the closest resistance at 1.1801 - 1.1846.

[Image: 1503473941-b87b7952739ce8d0bf6d2d7dfb5ac...00_q90.png]

The price is consolidating near the Moving Averages. Also, there's a bearish "Pennant" pattern, so the pair is likely going to achieve the next support at 1.1720 - 1.1708 during the day. If we have a pullback from these levels, bulls will probably try to reach resistance at 1.1798 - 1.1801.

More:
https://fbs.com/analytics/articles/eur_u...ttern_3178
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#23
GBP/USD: MARKET GOING TO TEST NEXT SUPPORT
10:45 23.08.2017

[Image: 1503473941-4d8dfcb44b51e89b05ddc1662c397...00_q90.png]

Bears faced support at 1.2811, so the price is consolidating. Therefore, the market is likely going to test the next support at 1.2793 - 1.2768 in the coming hours. If a pullback from this area happens little later on, bulls will have a green light to reach the nearest resistance at 1.2830 - 1.2853.

[Image: 1503473941-a9ecf972bb40602071ac95b5058e2...00_q90.png]

The last "Double Top" pattern led to a massive decline. The main intraday target is the closest support 1.2793 - 1.2768. If we have a pullback from these levels, there'll be an option to have a bullish price movement in the direction of the nearest resistance at 1.2831 - 1.2853.

More:
https://fbs.com/analytics/articles/gbp_u...pport_3179
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#24
EUR/USD: BULLISH "HARAMI"
12:49 23.08.2017

[Image: 1503481674-edba1fa82ed217f131793bbe8ff94...00_q90.png]

There's a bullish "Harami", which has been formed on the 34 Moving Average. Considering confirmation of this pattern, the price is likely going to test the nearest resistance. If we see a pullback from this level, there'll be an opportunity to have a local decline.

[Image: 1503481674-3dd57ac8541e3578f0667cf5330b8...00_q90.png]

All the Moving Averages have been broken, but we still don't have any reversal pattern. Also, there's resistance by the last "Three Methods" pattern. If we have a pullback from this level, bears are likely going to test the nearest support.

More:
https://fbs.com/analytics/articles/eur_u...mi%22_3181
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#25
USD/JPY: "ENGULFING" ON THE 34 MOVING AVERAGE
12:52 23.08.2017

[Image: 1503481673-a9a38744f96b42430ef3aa41d1826...00_q90.png]

We've got an "Engulfing" pattern on the 34 Moving Average, so bears are likely going to continue pushing the price lower. The main intraday target is the lower "Window".

[Image: 1503481674-5a13df231b9b2f8f9182f3e12a564...00_q90.png]

Bulls faced resistance on the 144 Moving Average, so there's a bearish "High Wave" pattern, which has been confirmed. In this case, the market is likely going to continue falling down.

More:
https://fbs.com/analytics/articles/usd_j...erage_3182
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#26
EUR/USD: DEVELOPING WAVE [IV]
12:59 23.08.2017

[Image: 1503482157-1900e6eb4245906e02e35b1a96c54...00_q90.png]

There's a developing wave [iv], which is taking place on the four-hours chart. The main target for wave © is 7/8 MM Level, which could be a departure point for wave [v] of 3.

[Image: 1503482157-70c10cd267ae6f5a71591f7f66ed5...00_q90.png]

We've got a double zigzag in wave (b) and a bearish impulse in wave i. It seems like wave ii is going to end soon, so we could have wave iii of © in the short term. If a pullback from 3/8 MM Level happens later on, there'll be an opportunity to have an upward correction.

More:
https://fbs.com/analytics/articles/eur_u...iv%5d_3183
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#27
GBP/USD: POUND IS OVERSOLD
09:37 24.08.2017

Technical levels: support – 1.2750, 1.2710; resistance – 1.2820.

Trade recommendations:

Sell — 1.2820; SL — 1.2840; TP1 — 1.2750; TP2 — 1.2710.
Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen, with falling lines; the local market is oversold, waiting for correction to Tenkan-sen.

[Image: 1503556625-5838ef800660551113de2aff99712...00_q90.png]

More:
https://fbs.com/analytics/articles/gbp_u...rsold_3215
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#28
AUD/USD: BREAKDOWN OF SSA
09:38 24.08.2017

Technical levels: support – 0.7850, 0.7810; resistance – 0.7880.

Trade recommendations:

Buy — 0.7850; SL — 0.7830; TP1 — 0.7935; TP3 — 0.7980.
Reason: bearish Ichimoku Cloud with falling Senkou Span A and B; a new dead cross of Tenkan-sen and Kijun-sen; the prices are entered to negative area, but there is a strong support on the daily timeframe.

[Image: 1503556625-42a68b4bfa2f0515dfbaa054e9dba...00_q90.png]

More:
https://fbs.com/analytics/articles/aud_u...f_ssa_3216
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#29
EUR/USD: "DOUBLE BOTTOM" PATTERN
10:11 24.08.2017

[Image: 1503558629-95ef4f03f3d5a08d6d74fa1e72ae0...00_q90.png]

There's a "Double Bottom" pattern, which has been confirmed, so the price is consolidating. The main intraday target is the nearest resistance at 1.1846 - 1.1875. If a pullback from this area happens, there'll be an opportunity to have a decline in the direction of the 34 Moving Average.

[Image: 1503558629-8e72bd66b2c52119f6e1b995235c6...00_q90.png]

We've got a "Triple Top" pattern right under resistance at 1.1827. So, the price is likely going to test the 55 Moving Average in the short term. If a pullback from this line happens, bulls will probably try to achieve the closest resistance at 1.1827 - 1.1838

More:
https://fbs.com/analytics/articles/eur_u...ttern_3217
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#30
GBP/USD: BROKEN "FLAG"
10:19 24.08.2017

[Image: 1503558629-53caf6c92d591bca6c531c9723545...00_q90.png]

The last "Flag" pattern has been broken, so the price reached support at 1.2768. Nevertheless, bears are likely going to test the next support at 1.2768 - 1.2736 in the short term. If we have a pullback from these levels, bulls will have a green light to deliver a local upward correction.

[Image: 1503558627-96f6620531f7e7997f4c8f81de0c9...00_q90.png]

Bears faced support at 1.2768, so the price is consolidating. In this case, we should keep an eye on the nearest resistance at 1.2811 as an intraday target. If a pullback from this level arrives little later on, there'll be an option to have another decline towards the next support at 1.2768 - 1.2736.

More:
https://fbs.com/analytics/articles/gbp_u...ag%22_3218
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