NZD/USD: BULLS PREPARE A STRIKE
11:18 21.08.2017

Recommendation:

BUY 0.7335 SL 0.7280 TP1 0.7435 TP2 0.7530

On the daily chart, NZD/USD keeps retracing in line with the transformation of the “Shark” pattern to 5-0. Return of the pair to resistance at 0.7386 (23.6% of the wave CD) and its following successful test will increase the odds of the uptrend’s resumption.



On H1, bulls are ready to launch a third attack on 0.7334. Their success will trigger the “Shark” pattern and increase the odds of reaching 88.6% target. We don’t exclude the possibility of an inverted “Head and Shoulders” pattern.



More:
[URL=https://fbs.com/analytics/articles/nzd_usd%3a_bulls_prepare_a_strike__3102]https://fbs.com/analytics/articles/nzd_usd%3a_bulls_prepare_a_strike__3102[/URL]

EUR/USD: 34 MA ACTED AS RESISTANCE
11:29 21.08.2017



The 34 Moving Average has acted as resistance, so the price is consolidating. It seems like the market is going to reach the nearest support at 1.1712 - 1.1683. If a pullback from this area happens, there'll be an opportunity to have an upward price movement towards the next resistance at 1.1801 - 1.1846.



The price is consolidating along resistance at 1.1757. If a pullback from the 55 Moving Average happens, bears are likely going to achieve the closest support between the levels 1.1727 - 1.1712. Nevertheless, we should keep an eye on the next resistance at 1.1784 - 1.1801 as a bullish target.

More:
[URL=https://fbs.com/analytics/articles/eur_usd%3a_34_ma_acted_as_resistance_3103]https://fbs.com/analytics/articles/eur_usd%3a_34_ma_acted_as_resistance_3103[/URL]

GBP/USD: "THORN" PATTERN
11:34 21.08.2017



The last "Flag" pattern has been broken, so the price reached support at 1.2830. Also, there's a "Thorn" pattern, so the market is likely going to test the nearest support at 1.2811. If a pullback from this level happens, bulls will have a green light to reach the next resistance at 1.2892 - 1.2911.



There's a consolidation, which is taking place under the 34 Moving Average. So, the pair is likely going to reach the closest resistance at 1.2892. If we have a pullback from this level, bears will probably try to test support at 1.2930 - 1.2811.

More:
[URL=https://fbs.com/analytics/articles/gbp_usd%3a_%22thorn%22_pattern_3104]https://fbs.com/analytics/articles/gbp_usd%3a_%22thorn%22_pattern_3104[/URL]

EUR/USD: POSSIBLE WEDGE PATTERN
12:33 21.08.2017



The price has been consolidating since an impulse in wave [iii] finished. It seems like we could have a zigzag in wave [iv]. So, we could have another bearish impulse in wave (c) of [iv] pretty soon.



There's a possible wedge pattern in wave (a) of [iv]. Therefore, we could have wave (b), which is likely going to take the form of a double zigzag. In this case, we should keep an eye on 6/8 MM Level as an intraday bullish target.

More:
[URL=https://fbs.com/analytics/articles/eur_usd%3a_possible_wedge_pattern_3105]https://fbs.com/analytics/articles/eur_usd%3a_possible_wedge_pattern_3105[/URL]

EUR/USD: BEARISH "DOJI"
13:27 21.08.2017



We've got a bearish "Doji" on the 34 Moving Average, but confirmation of this pattern isn't enough. So, the price is likely going to test the closest support area, which could be a departure point for an upward price movement.



We've got an "Engulfing" pattern at the last local high. Considering confirmation of this pattern, the price is likely going to test the nearest support level. The bearish main target is the lower "Window".

More:
[URL=https://fbs.com/analytics/articles/eur_usd%3a_bearish_%22doji%22_3111]https://fbs.com/analytics/articles/eur_usd%3a_bearish_%22doji%22_3111[/URL]

USD/JPY: "WINDOW" ACTED AS SUPPORT
13:30 21.08.2017

[IMG]https://fbs.com/img/articles/3113/1503311167-7ac37306099513065bb808c328f11211_1200x1200_q90.png[/RIMG]

The lower "Window" has acted as support, so we've got an "Inverted Hammer". However, the price couldn't break the upper "Window", so bears are likely going to test the nearest support once again.



We've got a local bullish "Harami", which hasn't been confirmed yet. So, the price is likely going to test the closest resistance. If a pullback from this level happens, we could have just another decline.


More:
[URL=https://fbs.com/analytics/articles/usd_jpy%3a_%22window%22_acted_as_support_3113]https://fbs.com/analytics/articles/usd_jpy%3a_%22window%22_acted_as_support_3113[/URL]

OIL (WTI) FAVORED BY THE BEARS
01:32 22.08.2017

Oil (WTI) didn’t achieve to consolidate its gains above the 200 SMA at H1 chart and around that area, it found dynamic resistance; a move that was confirmed with a double top pattern. The Fibonacci area of 50% and 65% has been providing the enough supply to make a sell-off in the crude and it’s now heading to lower levels.

If the crude oil manages to break below August 17th lows, we can expect further weakness towards -23.6% at 45.57. RSI indicator remains in the negative territory, favoring to the bears.



More:
[URL=https://fbs.com/analytics/articles/oil_%28wti%29_favored_by_the_bears_3131]https://fbs.com/analytics/articles/oil_%28wti%29_favored_by_the_bears_3131[/URL]

EUR/USD: "DOUBLE TOP" PATTERN
10:38 22.08.2017



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.



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:
[URL=https://fbs.com/analytics/articles/eur_usd%3a_%22double_top%22_pattern_3141]https://fbs.com/analytics/articles/eur_usd%3a_%22double_top%22_pattern_3141[/URL]

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.



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.



More:
[URL=https://fbs.com/analytics/articles/xau_usd%3a_indians_will_show_way_for_gold_3144]https://fbs.com/analytics/articles/xau_usd%3a_indians_will_show_way_for_gold_3144[/URL]

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.



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.



More:
[URL=https://fbs.com/analytics/articles/aud_usd%3a_bulls_want_to_go_north_3145]https://fbs.com/analytics/articles/aud_usd%3a_bulls_want_to_go_north_3145[/URL]

EUR/USD: "HARAMI" AND "THREE METHODS"
12:06 22.08.2017



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.



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:
[URL=https://fbs.com/analytics/articles/eur_usd%3a_%22harami%22_and_%22three_methods%22_31 47]https://fbs.com/analytics/articles/eur_usd%3a_%22harami%22_and_%22three_methods%22_31 47[/URL]

USD/JPY: PULLBACK FROM THE LOWER "WINDOW"
12:09 22.08.2017



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.



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:
[URL=https://fbs.com/analytics/articles/usd_jpy%3a_pullback_from_the_lower_%22window%22_31 48]https://fbs.com/analytics/articles/usd_jpy%3a_pullback_from_the_lower_%22window%22_31 48[/URL]

EUR/USD: WEDGE AND DOUBLE ZIGZAG
13:16 22.08.2017



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].



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

More:
[URL=https://fbs.com/analytics/articles/eur_usd%3a_wedge_and_double_zigzag_3149]https://fbs.com/analytics/articles/eur_usd%3a_wedge_and_double_zigzag_3149[/URL]

GBP/USD: BEARS GOING TO TEST NEAREST SUPPORT
10:41 22.08.2017



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.



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:
[URL=https://fbs.com/analytics/articles/gbp_usd%3a_bears_going_to_test_nearest_support_314 2]https://fbs.com/analytics/articles/gbp_usd%3a_bears_going_to_test_nearest_support_314 2[/URL]

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.



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.



More:
[URL=https://fbs.com/analytics/articles/gbp_usd%3a_bulls_showed_weakness_3171]https://fbs.com/analytics/articles/gbp_usd%3a_bulls_showed_weakness_3171[/URL]

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.



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.



More:
[URL=https://fbs.com/analytics/articles/usd_cad%3a_bears_got_scared_of_a_shark_3172]https://fbs.com/analytics/articles/usd_cad%3a_bears_got_scared_of_a_shark_3172[/URL]

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.



More:
[URL=https://fbs.com/analytics/articles/eur_usd%3a_euro_supported_by_cloud_3173]https://fbs.com/analytics/articles/eur_usd%3a_euro_supported_by_cloud_3173[/URL]

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.



More:
[URL=https://fbs.com/analytics/articles/usd_jpy%3a_dollar_corrected_to_kijun_sen_3174]https://fbs.com/analytics/articles/usd_jpy%3a_dollar_corrected_to_kijun_sen_3174[/URL]

EUR/USD: "DOUBLE TOP" PATTERN
10:40 23.08.2017



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.



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:
[URL=https://fbs.com/analytics/articles/eur_usd%3a_%22double_top%22_pattern_3178]https://fbs.com/analytics/articles/eur_usd%3a_%22double_top%22_pattern_3178[/URL]

GBP/USD: MARKET GOING TO TEST NEXT SUPPORT
10:45 23.08.2017



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.



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:
[URL=https://fbs.com/analytics/articles/gbp_usd%3a_market_going_to_test_next_support_3179]https://fbs.com/analytics/articles/gbp_usd%3a_market_going_to_test_next_support_3179[/URL]

[url]http://www.forexisbiz.com/showthread.php/8744-Market-Analysis-and-trade-recomendations-by-FBS?p=113667&viewfull=1#post113667[/url]
EUR/USD: BULLISH "HARAMI"
12:49 23.08.2017



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.



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:
[URL=https://fbs.com/analytics/articles/eur_usd%3a_bullish_%22harami%22_3181]https://fbs.com/analytics/articles/eur_usd%3a_bullish_%22harami%22_3181[/URL]

USD/JPY: "ENGULFING" ON THE 34 MOVING AVERAGE
12:52 23.08.2017



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".



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:
[URL=https://fbs.com/analytics/articles/usd_jpy%3a_%22engulfing%22_on_the_34_moving_averag e_3182]https://fbs.com/analytics/articles/usd_jpy%3a_%22engulfing%22_on_the_34_moving_averag e_3182[/URL]

EUR/USD: DEVELOPING WAVE [IV]
12:59 23.08.2017



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



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 (c) 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:
[URL=https://fbs.com/analytics/articles/eur_usd%3a_developing_wave_%5biv%5d_3183]https://fbs.com/analytics/articles/eur_usd%3a_developing_wave_%5biv%5d_3183[/URL]

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.



More:
[URL=https://fbs.com/analytics/articles/gbp_usd%3a_pound_is_oversold_3215]https://fbs.com/analytics/articles/gbp_usd%3a_pound_is_oversold_3215[/URL]

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.



More:
[URL=https://fbs.com/analytics/articles/aud_usd%3a_breakdown_of_ssa_3216]https://fbs.com/analytics/articles/aud_usd%3a_breakdown_of_ssa_3216[/URL]

EUR/USD: "DOUBLE BOTTOM" PATTERN
10:11 24.08.2017



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.



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:
[URL=https://fbs.com/analytics/articles/eur_usd%3a_%22double_bottom%22_pattern_3217]https://fbs.com/analytics/articles/eur_usd%3a_%22double_bottom%22_pattern_3217[/URL]

GBP/USD: BROKEN "FLAG"
10:19 24.08.2017



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.



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:
[URL=https://fbs.com/analytics/articles/gbp_usd%3a_broken_%22flag%22_3218]https://fbs.com/analytics/articles/gbp_usd%3a_broken_%22flag%22_3218[/URL]

USD/JPY: YEN MET 3 INDIANS
10:28 24.08.2017

Recommendation:

BUY 109.8

SL 109.25

TP1 110.8 TP2 112

On the daily chart, another attempt of bulls to return inside the triangle was unsuccessful. In order to have another chance, buyers need to keep the pair inside the medium-term channel between 108.50 and 114.50. A successful test of its lower border will open the way down to 161.8% target of the AB=CD pattern.



On USD/JPY there's consolidation within the inverted “Spike and ledge” pattern on the basis of 1-2-3. Together with “Three Indians” it’s a serious reversal pattern.



More:
[URL=https://fbs.com/analytics/articles/usd_jpy%3a_yen_met_3_indians_3220]https://fbs.com/analytics/articles/usd_jpy%3a_yen_met_3_indians_3220[/URL]

USD/CHF DOESN’T WANT TO PART WITH WEDGE
10:41 24.08.2017

Recommendations:
SELL 0.9605
SL 0.966
TP1 0.9505 TP2 09475
BUY 0.975
SL 0.9695
TP 0.989

On the daily chart, USD/CHF keeps consolidation near an important level of 0.9650 (23.6% of the last long-term descending wave). If bears manage to lead the pair down below the diagonal support (lower border of the uptrend channel), the odds of reaching 88.6% target of Gartley pattern will increase.



On H1, USD/CHF is consolidating within a “Widening wedge”. A break of support levels at 0.9605 and 0.9585 won’t lead the pair south. On the other hand, successful test of resistance at 0.9750 and 0.9765 will open the way for further advance.



More:
[URL=https://fbs.com/analytics/articles/usd_chf_doesn%E2%80%99t_want_to_part_with_wedge_32 21]https://fbs.com/analytics/articles/usd_chf_doesn%E2%80%99t_want_to_part_with_wedge_32 21[/URL]

EUR/USD: DEVELOPING ZIGZAG
11:07 24.08.2017



There's developing wave [iv], which is likely going to take the form of a zigzag. The main target is 7/8 MM Level, which could be a departure point for wave [v] of 3.



There are a bearish impulse in wave i and a zigzag in wave ii. So, there's an opportunity to have wave iii of (c) soon. In this case, we should keep in mind 3/8 MM Level as the next bearish target.

More:
[URL=https://fbs.com/analytics/articles/eur_usd%3a_developing_zigzag_3223]https://fbs.com/analytics/articles/eur_usd%3a_developing_zigzag_3223[/URL]

USD/JPY: "HAMMER" AND "BELT HOLD"
12:32 24.08.2017



There's a developing consolidation. The 34 & 55 Moving Averages are acting as resistance. In this case, the market is likely going to test the upper "Window" once again. If a pullback from this level happens afterwards, bears will probably try to reach the lower "Window".



We've got bullish patterns such a "Hammer" and a "Belt Hold" at the local low, which both have been confirmed by the last "Three Methods". So, bulls are likely going to push the price even higher during the day.

More:
[URL=https://fbs.com/analytics/articles/usd_jpy%3a_%22hammer%22_and_%22belt_hold%22_3227]https://fbs.com/analytics/articles/usd_jpy%3a_%22hammer%22_and_%22belt_hold%22_3227[/URL]

EUR/USD: 34 MA GOING TO ACT AS SUPPORT
13:02 24.08.2017



There's a "Shooting Star", but confirmation of this pattern is quite weak. So, the 34 Moving Average is likely going to act as support. If a pullback from this line happens, there'll be an opportunity to have another upward price movement towards the nearest resistance, which could be a departure point for another decline.



We've got a "Tweezers" and a "High Wave", which both have been confirmed by the two "Three Methods" patterns in a row. Therefore, the market is likely going to test the nearest support, where we could have a bullish pattern. If so, the last high will be probably tested once again.

More:
[URL=https://fbs.com/analytics/articles/eur_usd%3a_34_ma_going_to_act_as_support_3228]https://fbs.com/analytics/articles/eur_usd%3a_34_ma_going_to_act_as_support_3228[/URL]

EUR/USD: BULLISH "PENNANT"
10:19 25.08.2017



The price is consolidating near support at 1.1801. Also, there's a "Pennant", so the market is likely going to move up towards the nearest resistance at 1.1846. In this case, we could have a new local high pretty soon. However, bears will probably try to achieve the closest support at 1.1757 afterwards.



There's a consolidation, which is taking place near the 34 Moving Average. At the same time, we've got a bullish "Pennant". Therefore, we should keep an eye on the next resistance at 1.1838 - 1.1846 as an intraday target. If a pullback from this area happens, there'll be an opportunity to have a decline towards the nearest support at 1.1789 - 1.1783.

More:
[URL=https://fbs.com/analytics/articles/eur_usd%3a_bullish_%22pennant%22_3247]https://fbs.com/analytics/articles/eur_usd%3a_bullish_%22pennant%22_3247[/URL]

GBP/USD: PRICE GOING TO TEST LAST LOW AGAIN
10:22 25.08.2017



Bears faced support at 1.2768, so the price is consolidating. It seems like the market is going to test the last low once again. If any bullish pattern arrives little later on, we should keep in mind the closest resistance at 1.2831 - 1.2853 as an intraday target.



The price is consolidating between the levels 1.2768 - 1.2831. The main bearish target is the next support at 1.2768. If a pullback from this level happens, bulls will probably try to reach the nearest resistance area at 1.2811 - 1.2831.

More:
[URL=https://fbs.com/analytics/articles/gbp_usd%3a_price_going_to_test_last_low_again_3248]https://fbs.com/analytics/articles/gbp_usd%3a_price_going_to_test_last_low_again_3248[/URL]

EUR/USD: WILL THE EURO FALL?
10:22 25.08.2017

Recommendation:

BUY 1.1845 SL 1.179
TP1 1.1945 TP2 1.2
SELL 1.1735
SL 1.179
TP 1.1625 TP2 1.155

On the daily chart, EUR/USD keeps forming “Spike and ledge” pattern on the basis of 1-2-3. The break of resistance at 1.1845 will increase the odds of the uptrend’s resumption. On the other hand, successful test of support at 1.1655 will open the way for a correction towards the lower border of the uptrend channel.



On H1 EUR/USD keeps consolidating within the “Widening wedge”. Return of the pair towards 38.2% and 23.6% of the wave 4-5 creates a condition for correction.



More:
[URL=https://fbs.com/analytics/articles/eur_usd%3a_will_the_euro_fall__3249]https://fbs.com/analytics/articles/eur_usd%3a_will_the_euro_fall__3249[/URL]

EUR/JPY: BULLS ENTER THE CROSSROADS
10:30 25.08.2017

recommendation: BUY 129.75 SL 129.2 TP1 130.95 TP2 131.8

On the daily chart, EUR/JPY bulls prepare an attack on the horizontal resistance aiming to return the pair inside the previous medium-term rising channel. If they succeed, risks of the bullish trend resumption will significantly rise.



On H1, the unsuccessful attempt of bears to make a “Head and Shoulders” pattern points at sellers’ weakness. A break of diagonal resistance will allow the bulls aim for 88.6% and 113% targets of the “Shark” pattern.



More:
[URL=https://fbs.com/analytics/articles/eur_jpy%3a_bulls_enter_the_crossroads_3251]https://fbs.com/analytics/articles/eur_jpy%3a_bulls_enter_the_crossroads_3251[/URL]

EUR/USD: PRICE STILL CONSOLIDATING
11:19 25.08.2017



The price is still consolidating. It seems like wave [iv] is taking the form of a zigzag, so we could have a bearish impulse in wave (c) of [iv] soon. If a pullback from 7/8 MM Level happens, there'll be an opportunity to have another bullish impulse in wave [v] of 3.



There's a possible double zigzag pattern in wave (b), so we've got a bearish impulse in wave i. Therefore, we're likely going to have wave iii of (c) soon. In this case, we should keep an eye on -1/8 MM Level as an intraday target.

More:
[URL=https://fbs.com/analytics/articles/eur_usd%3a_price_still_consolidating_3253]https://fbs.com/analytics/articles/eur_usd%3a_price_still_consolidating_3253[/URL]

USD/JPY: 34 MA ACTED AS RESISTANCE ONCE AGAIN
12:06 25.08.2017



The 34 Moving Average has acted as resistance once again, so there's a bearish "Harami", but this pattern hasn't been confirmed yet. Therefore, the lower "Window" is likely going to act as support, which means we could have a new local high pretty soon.



The last bearish "Harami" hasn't been confirmed enough, so it seems like we could have just a local decline. In this case, we should keep an eye on the upper "Window" as an intraday bullish target.

More:
[URL=https://fbs.com/analytics/articles/usd_jpy%3a_34_ma_acted_as_resistance_once_again_32 54]https://fbs.com/analytics/articles/usd_jpy%3a_34_ma_acted_as_resistance_once_again_32 54[/URL]

EUR/USD: BULLISH "ENGULFING"
12:10 25.08.2017



The 55 Moving Average has acted as support, so we've got a bullish "Harami" on this line. However, there's also a "Shooting Star" pattern, so the market is likely going to test the nearest support. If a pullback from the 89 MA happens afterwards, there'll be an opportunity to have another upward price movement.



There's support by the 89 Moving Average. Also, we've got a developing bullish "Engulfing". If this pattern confirms, the pair is likely going to test the nearest resistance level, which could be a departure point for a decline.

More:
[URL=https://fbs.com/analytics/articles/eur_usd%3a_bullish_%22engulfing%22_3255]https://fbs.com/analytics/articles/eur_usd%3a_bullish_%22engulfing%22_3255[/URL]

EUR/USD: EURO MAY GO HIGHER
12:41 25.08.2017

Technical levels: support – 1.1780; resistance – 1.1870.

Trade recommendations:

Buy — 1.1800; SL — 1.1780; TP1 — 1.1870; TP2 – 1.1920.
Reason: narrow bullish Ichimoku Cloud with rising Senkou Span A and B; a new golden cross of Tenkan-sen and Kijun-sen and rising Tenkan-sen and Kijun-sen; the prices are supported by Tenkan-sen and Kijun-sen; the bulls are ready to continue uptrend.



More:
[URL=https://fbs.com/analytics/articles/eur_usd%3a_euro_may_go_higher_3256]https://fbs.com/analytics/articles/eur_usd%3a_euro_may_go_higher_3256[/URL]