EUR/USD: 1/8 MM LEVEL ACTED AS SUPPORT AGAIN
13:56 18.10.2017



Wave [ii] may have been formed, so there's an opportunity to have an upward impulse in wave [iii]. Previously we had a zigzag in wave 4. The main intraday target is 6/8 MM Level.



1/8 MM Level acted as support one more time, so there's a developing bullish impulse, which could be wave (i). In this case, the price is likely going to test 3/8 MM Level in the coming hours.

More:
[URL=https://fbs.com/analytics/articles/eur-usd-1-8-mm-level-acted-as-support-again-4478]https://fbs.com/analytics/articles/eur-usd-1-8-mm-level-acted-as-support-again-4478[/URL]

EUR/USD: EURO REACHED SSA AND KIJUN’S RESISTANCE
06:14 19.10.2017

Technical levels: support – 1.1770, 1.1730; resistance – 1.1825.

Trade recommendations:

Sell — 1.1790; SL — 1.1810; TP1 — 1.1730; TP2 – 1.1700
Reason: bearish Ichimoku Cloud, but horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices are returned to the Senkou Span A and Kijun’s resistance and may continue the downtrend.



More:
[URL=https://fbs.com/analytics/articles/eur-usd-euro-reached-ssa-and-kijun%E2%80%99s-resistance-4493]https://fbs.com/analytics/articles/eur-usd-euro-reached-ssa-and-kijun%E2%80%99s-resistance-4493[/URL]

GBP/USD: POUND IS UNDER SSA YET
06:15 19.10.2017

Technical levels: support – 1.3130; resistance – 1.3200, 1.3240.

Trade recommendations:

Sell — 1.3200; SL — 1.3220; TP1 — 1.3130; TP2 — 1.310.
Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A; a new dead cross of Tenkan-sen and Kijun-sen, falling Tenkan-sen; the prices are growing up along Senkou Span A and reached the resistance of Tenkan-sen and Kijun-sen.



More:
[URL=https://fbs.com/analytics/articles/gbp-usd-pound-is-under-ssa-yet-4494]https://fbs.com/analytics/articles/gbp-usd-pound-is-under-ssa-yet-4494[/URL]

EUR/JPY: EURO SAYS “BYE” TO CONSOLIDATION
07:00 19.10.2017

Recommendation:

BUY 133.5

SL 132.95

TP1 135 TP2 136.1

On the daily chart, EUR/JPY is consolidating in the 131.65-133.50 range within the “Spike and ledge” pattern. The trend is bullish, so it’s necessary to prefer buying. A break of resistance at 133.50 will increase the risks of triggering junior and senior AB=CD pattern.



On H1, EUR/JPY formed a widening wedge. The pair’s return to 78.6-88.6% of the wave 4-5 points at bulls’ strength. To continue the rally a successful test of resistance at 133.50 is necessary.



More:
[URL=https://fbs.com/analytics/articles/eur-jpy-euro-says-bye%E2%80%9D-to-consolidation-4495]https://fbs.com/analytics/articles/eur-jpy-euro-says-bye%E2%80%9D-to-consolidation-4495[/URL]

USD/JPY: BULLS HAVE AWAKENED
07:08 19.10.2017

Recommendation:

BUY 113.25

SL 112.7

TP1 114.3 TP2 115.35

On the daily chart, the inability of bulls to hold quotes within the long-term channel points at their weakness. Bulls counterattacked and want to reach 88.6% and 113% of the inverted “Shark” pattern.



On H1, USD/JPY formed a “Widening wedge”. A break of 78.6% of the wave 4-5 means that bulls are serious. A successful test of resistance at 113.25 will become a signal for opening longs.



More:
[URL=https://fbs.com/analytics/articles/usd-jpy-bulls-have-awakened-4496]https://fbs.com/analytics/articles/usd-jpy-bulls-have-awakened-4496[/URL]

EUR/USD: BULLISH "DOUBLE BOTTOM"
11:58 19.10.2017



There's a bullish "Double Bottom", so the price is consolidating under the 89 Moving Average. The main intraday target is the nearest resistance area at 1.1822 - 1.1875, which could be a departure point for a bearish correction.



The price is consolidating between the levels 1.1819 - 1.1793. If a pullback from the 89 MA happens, there'll be an opportunity to have an upward price movement towards the next resistance at 1.1848 - 1.1860.

More:
[URL=https://fbs.com/analytics/articles/eur-usd-bullish-double-bottom-4505]https://fbs.com/analytics/articles/eur-usd-bullish-double-bottom-4505[/URL]

GBP/USD: LOCAL "V-TOP" PATTERN
12:01 19.10.2017



The last "Double Bottom" pushed the price to the nearest resistance at 1.3221. However, there's a local "V-Top", so bears are likely going to test the closest support at 1.3150 in the short term.



We've got a "Double Top", so the market is likely going to test the next support at 1.3169 - 1.3144 during the day. If a pullback from these levels happens, we could have a decline towards the closest resistance at 1.3240 - 1.3256.

More:
[URL=https://fbs.com/analytics/articles/gbp-usd-local-v-top-pattern-4506]https://fbs.com/analytics/articles/gbp-usd-local-v-top-pattern-4506[/URL]

EUR/USD: WAVE (II) FINISHED ON 2/8 MM LEVEL
12:04 19.10.2017



The price fixated above 1/8 MM Level, so wave [ii] may have been formed. Therefore, we're likely going to have another upward impulse in wave [iii]. The main intraday target is 6/8 MM Level.



1/8 MM Level has acted as support twice, so the price is rising. Wave (ii) was finished on 2/8 MM Level just a few hours ago. So, bulls are likely going to test 7/8 MM level in the coming hours.

More:
[URL=https://fbs.com/analytics/articles/eur-usd--wave-ii-finished-on-2-8-mm-level-4507]https://fbs.com/analytics/articles/eur-usd--wave-ii-finished-on-2-8-mm-level-4507[/URL]

USD/JPY: "THREE METHODS" PATTERN
12:07 19.10.2017



We've got a bearish "Doji", so the price is declining. The main intraday target is 55 Moving Average. If a pullback from this line happens, we could have just another bullish price movement.



There's a "Three Methods" pattern, but also the 55 MA acted as support, so we could have a local upward correction in the short term. If any bearish pattern arrives little later on, we should keep an eye on the lower "Window" as an intraday target.

More:
[URL=https://fbs.com/analytics/articles/usd-jpy-three-methods-pattern-4508]https://fbs.com/analytics/articles/usd-jpy-three-methods-pattern-4508[/URL]

EUR/USD: BULLISH "ENGULFING"
12:10 19.10.2017



There's a bullish "Engulfing", which has been confirmed. At the same time, we've got a "Three Methods" pattern, so the market is likely going to continue moving up towards the next resistance area.



The last "Three Methods" pattern pushed the price higher, so the price fixated above the "Window". We could have just a local bearish correction in the short term. Nevertheless, bulls will probably try to deliver new highs soon.

More:
[URL=https://fbs.com/analytics/articles/eur-usd-bullish-engulfing-4509]https://fbs.com/analytics/articles/eur-usd-bullish-engulfing-4509[/URL]

EUR/USD: BULLS SHOWED WEAKNESS
08:03 20.10.2017

Recommendation:

SELL 1.1750 SL 1.1805 TP 1.1615

BUY 1.1860 SL 1.1805 TP 1.1950

On the daily chart, EUR/USD keeps forming 5-0. Pullbacks to 50% and 38.2% of the wave CD are usually used for selling. The inability of bulls to lead the pair outside of the downtrend channel points at their weakness.



On H1, a break below diagonal support at 1.1750 will open the way down to 127.2% of the ideal butterfly pattern. On the other hand, successful test of the local high at 1.1860 will mean the continuation of the “widening wedge”.



More:
[URL=https://fbs.com/analytics/articles/eur-usd-bulls-showed-weakness-4524]https://fbs.com/analytics/articles/eur-usd-bulls-showed-weakness-4524[/URL]

EUR/GBP: EURO IS WORKING WITH A DRAGON
08:46 20.10.2017

Recommendation:

BUY 0.896

SL 0.8905

TP1 0.9085 TP2 0.9145

On the daily chart, EUR/GBP recoil from the upper border of the downtrend allowed bulls to counterattack and form the reversal patter 5-0. Its 88.6% target is reached, and the level of 113% is near. The euro will likely continue its way up towards 161.8% target of AB=CD.



On H1, EUR/GBP formed a “Dragon” pattern. Pullbacks towards 0.8982-0.8985 and 0.8958-0.8965 will signify formation of the dragon’s head and will be a signal for buying.



More:
[URL=https://fbs.com/analytics/articles/eur-gbp-euro-is-working-with-a-dragon-4527]https://fbs.com/analytics/articles/eur-gbp-euro-is-working-with-a-dragon-4527[/URL]

EUR/USD: "V-TOP" PATTERN
13:54 20.10.2017



There's a "V-Top" pattern, so the price reached the Moving Averages. It's likely that the market is going to reach the nearest support area at 1.1772 - 1.1757 in the short term. If a pullback from these levels happens little later on, we could have another upward price movement.



We've got a "Triple Top", so the price is consolidating. The main intraday target is the closest resistance at 1.1819 - 1.1831. If a pullback from these levels happens, we could have a decline in the direction of the next support at 1.1780 - 1.1767.

More:
[URL=https://fbs.com/analytics/articles/eur-usd-v-top-pattern-4531]https://fbs.com/analytics/articles/eur-usd-v-top-pattern-4531[/URL]

GBP/USD: BEARS GOING TO TEST NEAREST SUPPORT
13:57 20.10.2017



The price is consolidating between the levels 1.3221 - 1.3150. It's likely that bears are going to achieve the nearest support at 1.3081 in the short term. If we see a pullback from this level, there'll be an opportunity to have a bullish price movement towards another resistance at 1.3081 - 1.3120.



Bears faced with support at 1.3077, so there's a "Thorn" pattern. In this case, the pair is likely going to test the closest resistance at 1.3120 - 1.3150 during the day. Meanwhile, if a pullback from this area arrives afterwards, we could have just another decline.

More:
[URL=https://fbs.com/analytics/articles/gbp-usd-bears-going-to-test-nearest-support-4533]https://fbs.com/analytics/articles/gbp-usd-bears-going-to-test-nearest-support-4533[/URL]

EUR/USD: BEARISH "THREE METHODS" PATTERN
14:00 20.10.2017



There are bearish patterns such a "Tweezers" and a "Doji", which both have been confirmed enough. The 21 & 34 Moving Averages are acting as support. Nevertheless, the market is likely going to continue moving down in the short term.



We've got a bearish "Three Methods" pattern, but the price faced support on the Moving Averages. Therefore, we could have just a local upward correction and another decline afterwards.

More:
[URL=https://fbs.com/analytics/articles/eur-usd-bearish-three-methods-pattern-4535]https://fbs.com/analytics/articles/eur-usd-bearish-three-methods-pattern-4535[/URL]

USD/JPY: "SHOOTING STAR" PATTERN
14:02 20.10.2017



There's a "High Wave" pattern, which has been formed at the local high. So, there's an opportunity to have a downward correcting in the coming hours. However, if we see a pullback from the nearest support level, bulls will probably try to deliver a new local high.



We've got a "Shooting Star" pattern, which has been confirmed. Therefore, the pair is likely going to test the lower "Window" during the day. If a pullback from this level happens, there'll be an option to have another bullish price movement.

More:
[URL=https://fbs.com/analytics/articles/usd-jpy-shooting-star-pattern-4536]https://fbs.com/analytics/articles/usd-jpy-shooting-star-pattern-4536[/URL]

EUR/USD: WAVE [III] STARTED
14:05 20.10.2017



It seems like wave [iii] has been started, so we could have another bullish impulse in the short term. The main intraday target is 6/8 MM Level.



The price couldn't fixate above 4/8 MM Level, so wave (i) has been ended. If a pullback from 2/8 MM Level happens little later on, there'll be time for wave (iii) of [iii].

More:
[URL=https://fbs.com/analytics/articles/eur-usd-wave-iii-started-4538]https://fbs.com/analytics/articles/eur-usd-wave-iii-started-4538[/URL]

EUR/USD: DOUBLE ZIGZAG IN WAVE [II]
06:16 23.10.2017



The price is likely going to test 0/8 MM Level in the coming hours. If we have a pullback from this level, wave [ii] likely will be ended. In this case, there'll be an opportunity to have another upward impulse in wave [iii].



It seems like wave [ii] is taking the form of a double zigzag on the one-hour chart. So, bears are likely going to test 0/8 MM Level, which could be a departure point for wave (i). In this case, the low of wave (w) will be broken in the coming hours.

More:
[URL=https://fbs.com/analytics/articles/eur-usd-double-zigzag-in-wave-ii-4559]https://fbs.com/analytics/articles/eur-usd-double-zigzag-in-wave-ii-4559[/URL]

AUD/USD: AUSSIE ENTERED INTO NEGATIVE AREA
06:18 23.10.2017

Technical levels: support – 0.7770; resistance – 0.7840

Trade recommendations:

Sell — 0.7840; SL — 0.7860; TP1 — 0.7770; TP2 — 0.7730.
Reason: narrow bearish Ichimoku Cloud, falling Senkou Span A and B; a cancelled golden cross of Tenkan-sen and Kijun-sen, falling Tenkan-sen and Kijun-sen; the prices are in the negative area under the pressure of a Cloud.



More:
[URL=https://fbs.com/analytics/articles/aud-usd-aussie-entered-into-negative-area-4560]https://fbs.com/analytics/articles/aud-usd-aussie-entered-into-negative-area-4560[/URL]

USD/JPY: DOLLAR REACHED 114.00
06:19 23.10.2017

Technical levels: support – 113.40; resistance – 114.00.

Trade recommendations:

Buy — 113.40; SL — 113.20; TP1 — 114.00; TP2 — 114.40.
Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with rising Kijun-sen; the prices are tested the resistance of 114.00 and may going higher.



More:
[URL=https://fbs.com/analytics/articles/usd-jpy-dollar-reached-11400-4561]https://fbs.com/analytics/articles/usd-jpy-dollar-reached-11400-4561[/URL]

NZD/USD: WILL KIWI CATCH THE WAVE
07:11 23.10.2017

Recommendation:

BUY 0.709

SL 0.7035

TP 0.7235

On the daily chart, bears managed to lead the pair to the lower border of the long-term uptrend. A successful test of diagonal support will increase the possibility of a break in an uptrend and formation of the “Crab” pattern.



On H1, the return of the pair to the top of the previous short-term consolidation will create grounds for the reversal “Wolfe waves” pattern.



More:
[URL=https://fbs.com/analytics/articles/nzd-usd-will-kiwi-catch-the-wave-4564]https://fbs.com/analytics/articles/nzd-usd-will-kiwi-catch-the-wave-4564[/URL]

AUD/USD: BEARS STOPPED SLEEPING
07:22 23.10.2017

Recommendation:

SELL 0.78 SL 0.7855 TP1 0.769 TP2 0.76

BUY 0.7885 SL 0.7835 TP 0.8

On the daily chart, AUD/USD keeps trading within “Shark” and “Crab” patterns. After a pullback to 38.2% of the last descending wave, bears try to restore the downtrend. In order to do this, they need to settle above 0.7816. On the other hand, the return of the pair to the short-term downtrend channel will return the initiative to bulls.



On H1, a break of diagonal support in form of the lower border of the uptrend channel will strengthen the odds of the pair’s reaching the interim targets at 88.6% and 127.2% of the “Crab” pattern.



More:
[URL=https://fbs.com/analytics/articles/aud-usd-bears-stopped-sleeping-4565]https://fbs.com/analytics/articles/aud-usd-bears-stopped-sleeping-4565[/URL]

EUR/USD: "V-TOP" PATTERN LED TO DECLINE
11:49 23.10.2017



There's a "V-Top" pattern, so the price reached the nearest support at 1.1757. Moreover, the market is likely going to continue moving down, so we should keep an eye on the next support at 1.1729 - 1.1719 as an intraday bearish target. If a pullback from this area happens little later on, there'll be an opportunity to have an upward correction towards the closest resistance at 1.1793 - 1.1822.



All the Moving Averages have been broken, so the price is declining. The main bearish target is the next support at 1.1729 - 1.1719. This area could be a departure point for a bullish price movement in the direction of the nearest resistance at 1.1767 - 1.1780.

More:
[URL=https://fbs.com/analytics/articles/eur-usd-v-top-pattern-led-to-decline-4569]https://fbs.com/analytics/articles/eur-usd-v-top-pattern-led-to-decline-4569[/URL]

GBP/USD: PRICE REACHED DOWNWARD CHANNEL
11:53 23.10.2017



We've got a "V-Bottom", so the price is rising. The main intraday target is the nearest resistance area at 1.3227 - 1.3258. If a pullback from this area happens, we could have a decline towards the closest support at 1.3150 - 1.3120.



The last bullish "Pennant" has been broken, but the price reached the local downward channel. So, we could have an intraday correction towards the Moving Averages, which could be a departure point for another bullish rally.

More:
[URL=https://fbs.com/analytics/articles/gbp-usd-price-reached-downward-channel-4570]https://fbs.com/analytics/articles/gbp-usd-price-reached-downward-channel-4570[/URL]

EUR/USD: "TWEEZERS" AND "DOJI" PATTERNS
12:01 23.10.2017



The last bearish "Tweezers" and "Doji" patterns led to the current decline. Also, the price fixated under the Moving Averages. There's no any reversal pattern so far, so the market is likely going to continue falling down.



We've got bullish patterns such a "Tweezers" and a "Harami" at the last low, but they both remain unconfirmed. So, we could have just a local upward correction and another decline afterwards.

More:
[URL=https://fbs.com/analytics/articles/eur-usd-tweezers-and-doji-patterns-4571]https://fbs.com/analytics/articles/eur-usd-tweezers-and-doji-patterns-4571[/URL]

USD/JPY: "WINDOW" REMAINS OPEN
12:04 23.10.2017



There's a bearish "High Wave", which hasn't been confirmed yet. Also, we've got a new "Window". In this case, the market is likely going to continue moving up in the short term towards the nearest resistance level.



We've got a bearish "Engulfing" pattern, but the "Window" remains open. Therefore, the last high is likely going to be broken in the coming hours.

More:
[URL=https://fbs.com/analytics/articles/usd-jpy-window-remains-open-4572]https://fbs.com/analytics/articles/usd-jpy-window-remains-open-4572[/URL]

EUR/USD: EURO TESTED TENKAN’S RESISTANCE
05:43 24.10.2017

Technical levels: support – 1.1730; resistance – 1.1770.

Trade recommendations:

Sell — 1.1750; SL — 1.1870; TP1 — 1.1700; TP2 – 1.1680
Reason: narrow bullish Ichimoku Cloud, but horizontal Senkou Span B; a new dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen; the prices are returned to Tenkan’s resistance and may continue the downtrend.



More:
[URL=https://fbs.com/analytics/articles/eur-usd-euro-tested-tenkan%E2%80%99s-resistance-4588]https://fbs.com/analytics/articles/eur-usd-euro-tested-tenkan%E2%80%99s-resistance-4588[/URL]

GBP/USD: POUND REACHED SENKOU SPAN A
05:44 24.10.2017

Technical levels: support – 1.3150; resistance – 1.3240.

Trade recommendations:

Sell — 1.3200; SL — 1.3220; TP1 — 1.3130; TP2 — 1.3100.
Reason: bearish Ichimoku Cloud, but rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen; the prices are growing up to Senkou Span A, but there is a strong resistance.



More:
[URL=https://fbs.com/analytics/articles/gbp-usd-pound-reached-senkou-span-a-4589]https://fbs.com/analytics/articles/gbp-usd-pound-reached-senkou-span-a-4589[/URL]

EUR/USD: "V-BOTTOM" PATTERN
07:16 24.10.2017



There's a "V-Bottom" pattern, which pushed the price to the nearest resistance at 1.1772. Meanwhile, the market is likely going to continue moving up towards the next resistance at 1.1822 - 1.1857. If a pullback from this area happens little later on, there'll be an opportunity to have a decline towards the closest support at 1.1719 - 1.1695.



Bears faced with support at 1.1729, so there's a "Thorn" pattern. The main intraday target is the next resistance at 1.1810 - 1.1820. At the same time, bears are likely going to deliver a local downward correction in the coming hours.

More:
[URL=https://fbs.com/analytics/articles/eur-usd-v-bottom-pattern-4592]https://fbs.com/analytics/articles/eur-usd-v-bottom-pattern-4592[/URL]

GBP/USD: MOVING AVERAGES ACTED AS RESISTANCE
07:19 24.10.2017



The Moving Averages have acted as resistance, so the price is consolidating. Nevertheless, the market is likely going to reach another resistance at 1.3290 - 1.3336 in the short term. If a pullback from this area happens, we could have a decline.



The last "Double Bottom" pattern led to the current bullish price movement. However, bulls faced with resistance at 1.3221, so we could have a local bearish correction towards the nearest support at 1.3182 - 1.3169. This area could be a departure point for another upward price movement.

More:
[URL=https://fbs.com/analytics/articles/gbp-usd-moving-averages-acted-as-resistance-4593]https://fbs.com/analytics/articles/gbp-usd-moving-averages-acted-as-resistance-4593[/URL]

XAU/USD: BEARS ARE FIRM
07:47 24.10.2017

Recommendation:

SELL $1271 SL $1286 TP1 $1237 TP2 $1212

On the daily chart, bulls are clinging to an important level of $1281 an ounce. Their failure will return the initiative to bears and increase the risks of decline to 78.6% and 200% targets of “Gartley” and AB=CD patterns.



On H1, XAU/USD keeps forming an inverted 5-0 pattern. Pullbacks to 50%, 38.2% and 23.6% of the wave CD are usually used for buying. A decline below support levels at $1271 and $1267 an ounce may be a signal for forming short positions.



More:
[URL=https://fbs.com/analytics/articles/xau-usd-bears-are-firm-4595]https://fbs.com/analytics/articles/xau-usd-bears-are-firm-4595[/URL]

USD/CAD: BULLS TOOK A PAUSE
07:54 24.10.2017

Recommendation:

BUY 1.2595

SL 1.2540

TP1 1.2790 TP2 1.3240

On the daily chart, bulls manage to stay above support at 1.2460 and renew October low. As a result, the odds of the pair reaching 88.6% target of the inverted “Shark” pattern increased. It’s situated near 1.3240.



On H1, USD/CAD broke above the upper border of the 1.2440-1.2555 consolidation range. This allowed bulls to form long positions. To continue the rally towards 224% target of AB=CD pattern, bulls need to keep the pair outside of the triangle.



More:
[URL=https://fbs.com/analytics/articles/usd-cad-bulls-took-a-pause-4596]https://fbs.com/analytics/articles/usd-cad-bulls-took-a-pause-4596[/URL]

EUR/USD: BULLISH "HARAMI"
13:13 24.10.2017



There are bullish patterns such a "Hammer" and an "Inverted Hammer", which both have been confirmed enough. So, the 55 Moving Average is likely going to act as resistance soon. If a pullback from this line happens, we could have another decline.



The last bullish "Harami" led to the current upward correction. Meanwhile, if a pullback from the 34 Moving Average happens little later on, there'll be an opportunity to have a local bearish correction towards the nearest "Window".

More:
[URL=https://fbs.com/analytics/articles/eur-usd-bullish-harami-4601]https://fbs.com/analytics/articles/eur-usd-bullish-harami-4601[/URL]

USD/JPY: NO ANY BEARISH PATTERN SO FAR
13:15 24.10.2017



We've got a bullish "Hammer", which has been formed at the local low. Considering confirmation of this pattern, the market is likely going to reach the nearest resistance level. In this case, the last local high could be broken soon.



There's a bullish "Tweezers", which has been formed at the local low. Also, there's no any bearish pattern so far. So, the pair is likely going to continue moving up during the day.

More:
[URL=https://fbs.com/analytics/articles/usd-jpy-no-any-bearish-pattern-so-far-4602]https://fbs.com/analytics/articles/usd-jpy-no-any-bearish-pattern-so-far-4602[/URL]

EUR/USD: EURO READY TO GOING LOWER
05:39 25.10.2017

Technical levels: support – 1.1730; resistance – 1.1770.

Trade recommendations:

Sell — 1.1750; SL — 1.1870; TP1 — 1.1700; TP2 – 1.1680
Reason: narrow bearish Ichimoku Cloud, but horizontal Senkou Span A and B; a strong dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen; the prices are tested the Cloud’s resistance and ready to continue a downtrend.



More:
[URL=https://fbs.com/analytics/articles/eur-usd-euro-ready-to-going-lower-4614]https://fbs.com/analytics/articles/eur-usd-euro-ready-to-going-lower-4614[/URL]

GBP/USD: POUND RETURNED TO MINIMUMS OF LAST WEEK
05:40 25.10.2017

Technical levels: support – 1.3100; resistance – 1.3150.

Trade recommendations:

Sell — 1.3150; SL — 1.3170; TP1 — 1.3100; TP2 — 1.3075.
Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a weak golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices are in negative area, below the Kijun-sen.



More:
[URL=https://fbs.com/analytics/articles/gbp-usd-pound-returned-to-minimums-of-last-week-4615]https://fbs.com/analytics/articles/gbp-usd-pound-returned-to-minimums-of-last-week-4615[/URL]

USD/CHF: BULLS BROKE FREE
06:33 25.10.2017

Recommendation:

BUY 0.9880

SL 0.9825

TP1 0.998 TP2 1.004

On the daily chart, USD/CHF completely formed the “Dragon” pattern. After it renewed the “Dragon's head” and quitted the descending trade channel, we are certain that bulls have the initiative. They unfolded the long-term trend and are ready to continue the rally at least until 224% target of AB=CD.



On H1, USD/CHF is forming «Spike and reversal with acceleration”. As long as it’s staying above 0.9770-0.9800, bulls will remain control.



More:
[URL=https://fbs.com/analytics/articles/usd-chf-bulls-broke-free-4617]https://fbs.com/analytics/articles/usd-chf-bulls-broke-free-4617[/URL]

GBP/USD: BEARS WANT TO CONTINUE THE FEAST
06:45 25.10.2017

Recommendation:

SELL 1.3100

SL 1.3155

TP1 1.3 TP2 1.271

On the daily chart, inability of bulls to keep GBP/USD above 1.3175 points at their weakness. Bears are regaining the initiative and are ready to attack the lower border of the uptrend channel and trigger AB=CD pattern with the target at 200%.



On H1, the formation of the “Widening wedge” will allow expecting the pair to reach 113% target of a “Shark” pattern. To do this bears need a successful test of support levels at 78.6% and 88.6% of the wave 4-5.



More:
[URL=https://fbs.com/analytics/articles/gbp-usd-bears-want-to-continue-the-feast-4618]https://fbs.com/analytics/articles/gbp-usd-bears-want-to-continue-the-feast-4618[/URL]

EUR/USD: "THORN" PATTERN
08:02 25.10.2017



There's a "Thorn" pattern, so the price is consolidating. The main intraday target is the nearest support at 1.1729 - 1.1719. If we have a pullback from this area, there'll be an opportunity to have an upward price movement towards the nearest resistance at 1.1793 - 1.1822.



Bears faced with support at 1.1757, but there's also resistance by the 34 Moving Average. If a pullback from this line happens, the market is likely going to test the next support at 1.1724 - 1.1719. This area could be a departure point for another bullish price movement towards a resistance at 1.1780 - 1.1793.

More:
[URL=https://fbs.com/analytics/articles/eur-usd-thorn-pattern-4621]https://fbs.com/analytics/articles/eur-usd-thorn-pattern-4621[/URL]

GBP/USD: BEARISH "PENNANT"
08:05 25.10.2017



The Moving Averages have acted as resistance, so there's a "Double Top" pattern, which led to the current consolidation. It's likely that the pair is going to achieve the closest support at 1.3081 - 1.3026 during the day. If a pullback from these levels happens little later on, we could have a bullish price movement towards the next resistance at 1.3227 - 1.3258.



There's a bearish "Pennant", so the price is likely going to reach the nearest support at 1.3080 - 1.3073 during the day. If we have a pullback from this area, we should keep an eye on the next resistance at 1.3150 - 1.3169 as an intraday target.

More:
[URL=https://fbs.com/analytics/articles/gbp-usd-bearish-pennant-4622]https://fbs.com/analytics/articles/gbp-usd-bearish-pennant-4622[/URL]