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This is a discussion on FBS Daily Analytics, News and Promotion within the Daily Analysis forums, part of the Commercial category; USD/JPY: THERE ISN'T ANY REVERSAL PATTERN 06:25 09.02.2018 The price is consolidating between two "Windows". Also, there's no any reversal ...

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Old Feb 9, 2018, 9:37am   #17
Joined Nov 2010
riki143 started this thread USD/JPY: THERE ISN'T ANY REVERSAL PATTERN
06:25 09.02.2018

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The price is consolidating between two "Windows". Also, there's no any reversal pattern so far. Therefore, the pair is likely going to test the next support area.

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There isn't any reversal pattern, cause all the last candles are bearish. So, the market is likely going to test. In this case, bears will probably try to achieve the nearest support area.
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Old Feb 12, 2018, 4:45pm   #18
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riki143 started this thread WEEKLY FOREX OUTLOOK: FEB. 12 - 16
11:40 12.02.2018



The spectacular decline of US stocks was the biggest event of last week. Dow Jones experienced a record fall: it lost more than 1,000 points in one day.

The US dollar took its chance to recover. Traders fear that the Federal Reserve will raise interest rates faster than expected. This may hurt profits of American companies, but boosts demand for the cheap dollar.

The USD index managed to return above 90.00 and has some chance for stabilization. Resistance is at 91.00.

Investors took profit on their bullish EUR/USD positions, and the pair slid by 1.4%. It has to rise above 1.2345 to resume uptrend. Decline below 1.2220 will open the way down to 1.2125 and 1.2080, although we think that the euro should be more or less stable given the euro area’s strong economy.

GBP/USD also corrected down last week. The Bank of England offered the pound a positive boost. It raised the UK economic forecasts and said that interest rates probably needed to rise sooner and faster than it had previously thought. However, the general market selloff affected the pound, and GBP/USD failed to stay above 1.40. Support is at 1.38 and 1.3665. Yet, fundamentals have improved and the pair may try to resume uptrend after some consolidation.

Australian and New Zealand dollars suffered because of the market’s risk aversion and the fact that central banks of these nations don’t plan to raise interest rates. Both AUD/USD and NZD/USD recovered by the end of the week, but still closed below the weekly moving averages.

Forex economic calendar for the coming days includes UK inflation figures on Tuesday, and US consumer inflation and retail sales on Wednesday. The flash European GDP figures will always be released in the middle of the week. Australian employment and US PPI will come out on Thursday and the speech of the RBA governor together with British retail sales and the US building permits are awaited on Friday.
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Old Feb 12, 2018, 5:15pm   #19
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riki143 started this thread USD/JPY: "HIGH WAVE" PATTERN
10:40 12.02.2018

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The price has reached the lower "Window" once again, so we've got a pullback from this area. Therefore, the market is likely going to test the upper "Window" and the Moving Averages.

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There's a "High Wave" pattern, which has been confirmed. So, the pair is likely going to test the Moving Averages, which could be a departure point for another bearish price movement.
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Old Feb 12, 2018, 10:10pm   #20
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ok, got it. thanks a lot
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Old Feb 13, 2018, 11:27am   #21
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riki143 started this thread GBP/USD: POUND IN NEGATIVE AREA
06:02 13.02.2018

Technical levels: support – 1.3770; resistance – 1.3870.

Trade recommendations:

Sell — 1.3860/70; SL — 1.3900; TP1 — 1.3770; TP2 — 1.3680.
Reason: bearish Ichimoku Cloud with horizontal Senkou Span A and B; a new dead cross of Tenkan-sen and Kijun-sen; the prices are entered into negative area.

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Old Feb 13, 2018, 2:31pm   #22
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riki143 started this thread XAU/USD: GOLD IS IN THE DEAD ZONE
07:19 13.02.2018

Recommendation:

SELL $1,3320 SL $1,3470 TP1 $1,3060 TP2 $1,2920 TP3 $1,2730

SELL $1,3430 SL $1,3580 TP1 $1,3060 TP2 $1,2920 TP3 $1,2730

On the daily chart of XAU/USD, bulls manage to hold off an enemy attack at the $1,306-1,308.50 support. Another test of this area in case of success will increase the possibility of a pullback to $1273 and lower. The condition necessary for the uptrend’s resumption is a convincing break of resistance at $1350 an ounce.

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On H1, much will depend on bulls’ ability to lead the pair outside of descending channel.

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Old Feb 14, 2018, 2:33pm   #23
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riki143 started this thread GBP/USD: BEARISH "PENNANT"
10:19 14.02.2018

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There's a bearish "Pennant", so the pair is likely going to achieve the nearest support at 1.3741. Meanwhile, if a pullback from this level happens afterwards, bulls will probably try to reach the next resistance at 1.3895 - 1.3944.

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The market is consolidating between the Moving Averages. The main intraday target is the closest support at 1.3763 - 1.3741. This area could be a departure point for a bullish price movement in the direction of another resistance at 1.3895 - 1.3944.
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Old Feb 14, 2018, 3:16pm   #24
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riki143 started this thread EUR/USD: "TRIPLE BOTTOM" PATTERN
10:17 14.02.2018

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The main trend is still bullish. Also, there's a "Triple Bottom" pattern, which has been confirmed. So, the market is likely going to test the nearest resistance at 1.2405 - 1.2434 in the short term.

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There's a confirmed "Double Top" pattern, so the market is likely going to reach the 89 Moving Average in the coming hours. If a pullback from this line happens little later on, there'll be an opportunity to have another upward price movement.
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