USD/JPY: DOLLAR REACHED CLOUD’S RESISTANCE
12:42 25.08.2017

Technical levels: support – 109.20; resistance – 109.75.

Trade recommendations:

Sell — 109. 50/60; SL — 109.80; TP1 — 109.00; TP2 — 108.60.
Reason: bearish Ichimoku Cloud with falling Senkou Span B; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices are under the pressure of bearish Cloud.



More:
[URL=https://fbs.com/analytics/articles/usd_jpy%3a_dollar_reached_cloud%E2%80%99s_resistan ce__3257]https://fbs.com/analytics/articles/usd_jpy%3a_dollar_reached_cloud%E2%80%99s_resistan ce__3257[/URL]

US DOLLAR: OUTLOOK FOR AUGUST 28 - SEPTEMBER 1
15:45 25.08.2017

During the past week, the US dollar index (DXY) continued consolidation.

Recent releases weren’t very optimistic: manufacturing PMI and home sales both declined. Donald Trump threatened to shut down the US government over funding for a border wallon Wednesday. The market is concerned that the Congress won’t easily raise the debt ceiling and deliver on tax reform.

There will be a lot of economic updates in the coming days: the US will release consumer confidence on Tuesday, ADP employment report and preliminary GDP for the second quarter on Wednesday, core PCE price index and personal spending on Thursday and NFP together with ISM manufacturing PMI on Friday. All in all, we’ll get a pretty much new information about America’s economic health. The quality of these statistics will be very important for further direction of the greenback. Another important driver of the market will be the speech of the Federal Reserve Chair Janet Yellen at Jackson Hole on Friday evening (August 25).

The greenback remains within the overall downtrend. A close above 93.50 is needed for the DXY to start reversing up. Next resistance levels will be at 94.00 and 94.50. A break below 93.00 will lead to 92.50 and 92.00.



More:
[URL=https://fbs.com/analytics/articles/us_dollar%3a_outlook_for_august_28___september_1_3 263]https://fbs.com/analytics/articles/us_dollar%3a_outlook_for_august_28___september_1_3 263[/URL]

EUR/USD: OUTLOOK FOR AUGUST 25 - SEPTEMBER 1
15:48 25.08.2017

EUR/USD kept trading near the benchmark line of 200-week MA (1.1760). The euro continued its consolidation and stayed within a narrower range.

ECB President Mario Draghi avoided giving any clues on the European Central Bank’s current thinking in his speech in Germany. According to Draghi, central banks must be open-minded on policy innovations as they prepare for future economic developments. Another speech at Jackson Hole on Friday evening will set the tone for the next trading days. Other comments from the ECB policymakers were hawkish and bullish for the euro.

European economic data were mostly bright. Euro zone business growth maintained solid pace in August due to a strong manufacturing PMI, although the region’s services PMI declined. German Ifo business climate surprised to the upside.

In the upcoming days, there will be some data releases of medium importance in the euro area. Pay attention to German preliminary CPI on Wednesday and flash consumer inflation figures for the entire euro zone on Thursday: these figures will be crucial for further ECB policy and, consequently, will move the market.

EUR/USD remains within the overall uptrend. Only a decline below 1.1650 will mean reversal to the downside. This level will become in focus if the euro slips below 1.1765 and 1.1690. An increase above 1.1845 is needed for the uptrend to continue. In this case, further bullish targets will lie at 1.1900 and 1.2000.



More:
[URL=https://fbs.com/analytics/articles/eur_usd%3a_outlook_for_august_25___september_1_326 4]https://fbs.com/analytics/articles/eur_usd%3a_outlook_for_august_25___september_1_326 4[/URL]

GBP/USD: BULLS ENTERED INTO CLOUD
09:40 28.08.2017

Technical levels: support – 1.2860; resistance – 1.2940.

Trade recommendations:

Buy — 1.2890; SL — 1.2870; TP1 — 1.2940; TP2 — 1.2980.
Reason: narrowing bearish Ichimoku Cloud with rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen; the Bulls entered into the cloudy area and may go to 3W-highs.



More:
[URL=https://fbs.com/analytics/articles/gbp_usd%3a_bulls_entered_into_cloud_3276]https://fbs.com/analytics/articles/gbp_usd%3a_bulls_entered_into_cloud_3276[/URL]

AUD/USD: AUSSIE RETURNED TO SSB
09:41 28.08.2017

Technical levels: support – 0.7920; resistance – 0.7950, 0.7990.

Trade recommendations:

Buy — 0.7940; SL — 0.7920; TP1 — 0.7990; TP3 — 0.8020.
Reason: narrow bearish Ichimoku Cloud, rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen; the prices are returned to SSB and breakout its resistance; expected continue of the uptrend.



More:
[URL=https://fbs.com/analytics/articles/aud_usd%3a_aussie_returned_to_ssb_3277]https://fbs.com/analytics/articles/aud_usd%3a_aussie_returned_to_ssb_3277[/IMG]

More:
[URL=https://fbs.com/analytics/articles/aud_usd%3a_aussie_returned_to_ssb_3277]https://fbs.com/analytics/articles/aud_usd%3a_aussie_returned_to_ssb_3277[/URL]

NZD/USD: BULLS ARE IN STRATEGIC RETREAT
10:16 28.08.2017

Recommendation:

BUY 0.7335

SL 0.727

TP1 0.7425 TP2 0.7485 TP3 0.756



On the daily chart, NZD/USD keeps forming a 5-0 pattern. To restore the uptrend, bulls need to conquer resistances at 0.7278, 0.7335 and 0.7386. A pullback to 50% of the wave CD allowed 5-0 to finally form.



On H1, there are “Wolfe waves” and a “Shark” patterns. A break of resistance at 0.7335 will be a signal for opening long positions. As the target, one can use 113% of the wave XC.



MoreD:
[URL=https://fbs.com/analytics/articles/nzd_usd%3a_bulls_are_in_strategic_retreat___3279]https://fbs.com/analytics/articles/nzd_usd%3a_bulls_are_in_strategic_retreat___3279[/URL]

AUD/USD IS BECOMING STALE ON A LEDGE
10:38 28.08.2017

Recommendation:

BUY 0.796

SL 0.7905

TP1 0.802 TP2 0.807

On the daily chart, AUD/USD bulls are trying to resume the uptrend. For that they have to conquer resistance at 0.7960 and return the pair to the short-term rising channel. In such circumstances, advance to 200% target of AB=CD has all chances to continue.



On H1, AUD/USD keeps forming corrective pattern “Spike and ledge” on the basis of 1-2-3. A break of resistance at 0.7960 will increase the odds of reaching 88.6% and 113% targets of the Shark.



More:
[URL=https://fbs.com/analytics/articles/aud_usd_is_becoming_stale_on_a_ledge__3281]https://fbs.com/analytics/articles/aud_usd_is_becoming_stale_on_a_ledge__3281[/URL]

EUR/USD: "V-TOP" PATTERN
11:16 28.08.2017



The last "Pennant" has been broken, so bulls pushed the price higher. Also, we've got a "V-Top" pattern, so the price is consolidating. In this case, the market is likely going to test the nearest support at 1.1892 - 1.1875. If a pullback from these levels happens, there'll be an opportunity to have another bullish price movement.



There's a "V-Top" pattern, which has been confirmed. However, bulls are likely going to test the last local high during the day. If we have a pullback from this level, bears will probably try to achieve the closest support at 1.1892 - 1.1875.

More:
[URL=https://fbs.com/analytics/articles/eur_usd%3a_%22v_top%22_pattern_3286]https://fbs.com/analytics/articles/eur_usd%3a_%22v_top%22_pattern_3286[/URL]

GBP/USD: "EXHAUSTION GAP"
11:17 28.08.2017



The 55 Moving Average has acted as resistance, so we've got a "V-Top" pattern on this line. Therefore, bears are likely going to test the nearest support at 1.2853 - 1.2831 in the short term. If a pullback from this area happens, bulls will have a green light to reach the 89 MA.



There's an "Exhaustion Gap", so we've got a "V-Top" pattern, which led to a decline. However, the last high is likely going to be tested during the day. Meanwhile, we should keep an eye on the next support at 1.2853 - 1.2848 as an intraday target.


More:
[URL=https://fbs.com/analytics/articles/gbp_usd%3a_%22exhaustion_gap%22_3287]https://fbs.com/analytics/articles/gbp_usd%3a_%22exhaustion_gap%22_3287[/URL]

EUR/USD: TRIANGLE IN WAVE [IV]
13:13 28.08.2017



There's a triangle in wave [iv], so there's a new local high. It seems like wave [v] of 3 is going to be continued. So, if +2/8 MM Level turns out to be broken, we're going to have an updated MM Levels graphing.



Wave [iv] has been ended on 1/8 MM Level, so we've got an upward impulse in wave (i). In this case, we could have wave (ii) in the coming hours. If a pullback from 3/8 MM Level happens littel later on, there'll be an opportunity to have wave (iii) of [v].

More:
[URL=https://fbs.com/analytics/articles/eur_usd%3a_triangle_in_wave_%5biv%5d_3294]https://fbs.com/analytics/articles/eur_usd%3a_triangle_in_wave_%5biv%5d_3294[/URL]

USD/JPY: "TOWER" PUSHED THE PRICE LOWER
13:41 28.08.2017



The last "Tower" pattern pushed the price lower. It seems like we're going to have a local correction in the short term. Nevertheless, bears are likely going to reach the lower "Window" afterwards.



There's a "High Wave" pattern at the last high. However, bulls are likely going to test the 89 Moving Average. If we have a pullback from this line, there'll be an opportunity to have just another decline.

More:
[URL=https://fbs.com/analytics/articles/usd_jpy%3a_%22tower%22_pushed_the_price_lower_3298]https://fbs.com/analytics/articles/usd_jpy%3a_%22tower%22_pushed_the_price_lower_3298[/URL]

EUR/USD: 34 & 55 MAS ACTED AS SUPPORT
13:44 28.08.2017



The 34 & 55 Moving Averages have acted as support, so we've got bullish patterns such a "Harami" and a "Hammer", which both were confirmed. Also, there's a bearish "High Wave", so we could have a local downward correction. Anyway, bulls are likely going to test the nearest resistance area afterwards.



The last "Shooting Star" led to the current bearish correction. However, we've got a bullish "Harami", so we're likely going to have a new local high soon. Meanwhile, if any reversal pattern arrives later on, there'll be an opportunity to have a downward correction.

More:
[URL=https://fbs.com/analytics/articles/eur_usd%3a_34___55_mas_acted_as_support_3299]https://fbs.com/analytics/articles/eur_usd%3a_34___55_mas_acted_as_support_3299[/URL]

EUR/USD: EURO REACHED NEW HIGHS
08:46 29.08.2017

Technical levels: support – 1.1930, 1.1880; resistance – 1.2080.

Trade recommendations:

Buy — 1.1930; SL — 1.1910; TP1 — 1.2020; TP2 – 1.2070.
Reason: bullish Ichimoku Cloud with rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with rising lines; the prices are on the new highs for last three years.



More:
[URL=https://fbs.com/analytics/articles/eur_usd%3a_euro_reached_new_highs_3312]https://fbs.com/analytics/articles/eur_usd%3a_euro_reached_new_highs_3312[/URL]

USD/JPY: DOLLAR ON MAIN SUPPORT
08:47 29.08.2017

Technical levels: support – 108.60; resistance – 109.10.

Trade recommendations:

Sell — 109. 10; SL — 109.30; TP1 — 109.00; TP2 — 108.50.
Reason: expanding bearish Ichimoku Cloud with falling Senkou Span B; a cancelled golden cross of Tenkan-sen and Kijun-sen and the falling lines; the Bears made a new lows, but the market is on the strong daily’s support.



More:
[URL=https://fbs.com/analytics/articles/usd_jpy%3a_dollar_on_main_support_3313]https://fbs.com/analytics/articles/usd_jpy%3a_dollar_on_main_support_3313[/URL]

GOLD APPROACHED A MILESTONE
10:38 29.08.2017

Recommendation:

BUY 1295.50

SL 1285

TP2 1325 TP2 1380

On the daily chart, XAU/USD reached 78.6% target of the inverted Gartley pattern and 78.6% of the last long-term descending wave. As a result, the risks of a pullback have increased. On the other hand, if the bulls manage to overcome the resistance at $1321-1325 an ounce, increase towards the target at 200% of the AB=CD pattern will likely continue.



On H1, there’s a “Spike and reversal with acceleration” pattern. XAU/USD is now at the spike stage. To change the trend, bears need to move the prices below $1285.



More:
[URL=https://fbs.com/analytics/articles/gold_approached_a_milestone_3315]https://fbs.com/analytics/articles/gold_approached_a_milestone_3315[/URL]

USD/CAD: BEARS WANT MORE
10:50 29.08.2017

Recommendations:

SELL 1.2450 SL 1.2505 TP 1.2300 TP2 1.2050

SELL 1.2595 SL 1.2650 TP1 1.2495 TP2 1.2300

On the daily chart, USD/CAD approached multiyear minimum. If it goes below it, AB=CD with 200% target will be triggered. We can’t doubt in the force of the downtrend, so there’s sense to use the pullbacks for selling.



On H1, to resume the downtrend bears need to go below 1.2450. A signal for selling will be bulls’ inability to overcome 1.2595.



More:
[URL=https://fbs.com/analytics/articles/usd_cad%3a_bears_want_more_3316]https://fbs.com/analytics/articles/usd_cad%3a_bears_want_more_3316[/URL]

EUR/USD: BULLS WENT THROUGH RESISTANCE
12:25 29.08.2017



Bulls went through resistance at 1.1975 - 1.2003, but the price faced with another resistance at 1.2042. Anyway, the market is likely going to continue moving up, so we should keep an eye on the next resistance at 1.2080 - 1.2123 as a bullish target. If a pullback from this area happens, there'll be an opportunity to have a bearish correction.



There's resistance at 1.2042, so the market is likely going to test the nearest support at 1.2003. Meanwhile, if a pullback from this level happens, bulls will have a green light to catch another resistance at 1.2042 - 1.2080.

More:
[URL=https://fbs.com/analytics/articles/eur_usd%3a_bulls_went_through_resistance_3324]https://fbs.com/analytics/articles/eur_usd%3a_bulls_went_through_resistance_3324[/URL]

GBP/USD: BULLISH "FLAG"
12:28 29.08.2017



All the Moving Averages have been broken, so bulls faced resistance at 1.2958. Nevertheless, the price is likely going to continue rising, so we should keep an eye on the next resistance at 1.2989 - 1.3021 as the next bullish target.



The last bullish "Flag" has been broken, so the price is rising. However, bulls faced with resistance at 1.2958, so the market is likely going to test the closest support at 1.2943, which could be a departure point for another bullish rally.

More:
[URL=https://fbs.com/analytics/articles/gbp_usd%3a_bullish_%22flag%22_3325]https://fbs.com/analytics/articles/gbp_usd%3a_bullish_%22flag%22_3325[/URL]

EUR/USD: DEVELOPING BULLISH IMPULSE
13:35 29.08.2017



The price is still rising, cause there's a triangle in wave [iv], so we've got a developing bullish impulse. The main target for wave [v] of 3 is 8/8 MM Level, which could be a departure point for a bearish correction.



As we can see on the one-hour chart, the price is forming an extension in wave (iii) of [v]. 7/8 MM Level is likely going to act as resistance. If so, we could have wave (iv) pretty soon. Nevertheless, bulls are going to deliver wave (v) of [v] afterwards.

More:
[URL=https://fbs.com/analytics/articles/eur_usd%3a_developing_bullish_impulse_3332]https://fbs.com/analytics/articles/eur_usd%3a_developing_bullish_impulse_3332[/URL]

USD/JPY: BULLISH "HAMMER"
14:46 29.08.2017



The price reached the lower "Window", so we could have any reversal pattern soon. If so, bulls are likely going to test the 21 Moving Average. However, if a pullback from this line happens, we could have the market even lower.



There's a bullish "Hammer", but confirmation of this pattern is quite weak. In this case, the 55 Moving Average is likely going to act as resistance in the coming hours.

More:
[URL=https://fbs.com/analytics/articles/usd_jpy%3a_bullish_%22hammer%22_3335]https://fbs.com/analytics/articles/usd_jpy%3a_bullish_%22hammer%22_3335[/URL]

EUR/USD: BEARISH "ENGULFING"
14:49 29.08.2017



The price is still rising, but we're likely going to have a reversal pattern soon. If so, there'll be an opportunity to have a local downward correction. Nevertheless, bulls are going to deliver a new high afterwards.



We've got a bearish "Engulfing", but this pattern hasn't been confirmed yet. So, the pair is likely going to test the nearest support level, which could be a departure point for another upward price movement.

More:
[URL=https://fbs.com/analytics/articles/eur_usd%3a_bearish_%22engulfing%22_3336]https://fbs.com/analytics/articles/eur_usd%3a_bearish_%22engulfing%22_3336[/URL]

USD/CHF: BULLS CALLED WOLFE FOR HELP
10:10 30.08.2017

Recommendation:
BUY 0.9585
SL 0.953
TP1 0.971 TP2 0.974

On the daily chart, USD/CHF formed a double bottom. The bar with the long lower wick strengthens the odds of the “Dragon” pattern. However, at the beginning bulls need to conquer resistance at 0.9650 (23.6% of the last long-term descending wave) and at 0.9765.



On H1, USD/CHF reached the targets of the “Widening wedge” pattern. The pair’s currently forming “Wolfe waves” pattern. A break of resistance at 0.9585 will be a signal for opening long positions.



More:
[URL=https://fbs.com/analytics/articles/usd_chf%3a_bulls_called_wolfe_for_help_3350]https://fbs.com/analytics/articles/usd_chf%3a_bulls_called_wolfe_for_help_3350[/URL]

GBP/USD: BEARS SET A TRAP
10:18 30.08.2017

Recommendations:

SELL 1.296 SL 1.3015 TP1 1.2845 TP2 1.278

SELL 1.3020 SL 1.3075 TP1 1.2915 TP2 1.2845

On the daily chart, bulls are making jumbo efforts to return the pair inside the long-term bullish channel. Never the less, their inability to overcome resistance at 1.2962 (38.2% of the wave CD of the 5-0 pattern) and formation of pin bar points at buyers’ weakness.



On H1, the “Shark” pattern is transforming into 5-0. The pullbacks to 38.2%, 50% and 61.8% of the wave CD may be used for opening short positions.



More:
[URL=https://fbs.com/analytics/articles/gbp_usd%3a_bears_set_a_trap_3351]https://fbs.com/analytics/articles/gbp_usd%3a_bears_set_a_trap_3351[/URL]

EUR/USD: "PENNANT" PATTERN
12:28 30.08.2017



There's a "V-Top" pattern, so the price reached the nearest support at 1.1959. However, bears are likely going to test the next support at 1.1909 - 1.1875. If a pullback from this area happens, there'll be an opportunity to have another upward price movement.



The 34 Moving Average has acted as support, but we've got a "Pennant" pattern. Therefore, bears are likely going to test the closest support at 1.1909 - 1.1892 soon. If we have a pullback from these levels, bulls will probably try to achieve resistance at 1.1975 - 1.2003.

More:
[URL=https://fbs.com/analytics/articles/eur_usd%3a_%22pennant%22_pattern_3357]https://fbs.com/analytics/articles/eur_usd%3a_%22pennant%22_pattern_3357[/URL]

GBP/USD: MARKET GOING TO TEST 34 MA
12:30 30.08.2017



All the Moving Averages have been broken, but there's a "V-Top" pattern, so the market is likely going to test the 34 MA. If a pullback from this line happens little later on, bulls will have a green light to catch the next resistance at 1.2959 - 1.2989.



Bears faced support at 1.2916, so the price is consolidating. Meanwhile, there's a "Flag", so the price is likely going to reach the 89 Moving Average in the short term.

More:
[URL=https://fbs.com/analytics/articles/gbp_usd%3a__market_going_to_test_34_ma_3358]https://fbs.com/analytics/articles/gbp_usd%3a__market_going_to_test_34_ma_3358[/URL]

EUR/USD: PULLBACK FROM 7/8 MM LEVEL
14:02 30.08.2017



There's a pullback from 7/8 MM Level, so wave [v] of 3 may have been formed. In this case, we could have a bearish impulse in wave [a]. The main intraday target is 5/8 MM Level.



We've got a downward impulse in wave (i), so bears are likely going to deliver wave (iii) during the day. If a pullback from 2/8 MM Level happens little later on, there'll be an opportunity to have an upward correction.

More:
[URL=https://fbs.com/analytics/articles/eur_usd%3a__pullback_from_7_8_mm_level_3360]https://fbs.com/analytics/articles/eur_usd%3a__pullback_from_7_8_mm_level_3360[/URL]

USD/JPY: BEARISH "HARAMI"
14:52 30.08.2017



The 89 Moving Average has acted as resistance, so we've got a "Shooting Star". If this pattern confirms, there'll be an opportunity to have a local decline. Anyway, bulls are likely going to deliver a new high afterwards.



There's a bearish "Harami", which has been confirmed. So, the pair is likely going to reach the 144 Moving Average soon. If any bullish pattern arrives afterwards, we should keep an eye on the upper "Window" as an intraday target

More:
[URL=https://fbs.com/analytics/articles/usd_jpy%3a_bearish_%22harami%22_3366]https://fbs.com/analytics/articles/usd_jpy%3a_bearish_%22harami%22_3366[/URL]

EUR/USD: "THREE METHODS" PATTERN
14:56 30.08.2017



There's a bearish "Harami", which has been confirmed by the last "Three Methods" pattern. So, the market is likely going to continue moving down in the short term.



We've got a bullish "Harami" on the lower "Window". If this pattern confirms, we could have a local upward correction in the direction of the nearest resistance level.

More:
[URL=https://fbs.com/analytics/articles/eur_usd%3a_%22three_methods%22_pattern_3368]https://fbs.com/analytics/articles/eur_usd%3a_%22three_methods%22_pattern_3368[/URL]

EUR/USD: CORRECTION TO CLOUD
09:41 31.08.2017

Technical levels: support – 1.1850, 1.1815; resistance – 1.1920, 1.1960.

Trade recommendations:

Buy — 1.1850; SL — 1.1830; TP1 — 1.1920; TP2 – 1.1960.
Reason: bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, narrowing channel of Tenkan-Kijun; the prices are breaking down the support of Kijun-sen and going to Cloud.



More:
[URL=https://fbs.com/analytics/articles/eur_usd%3a_correction_to_cloud_3386]https://fbs.com/analytics/articles/eur_usd%3a_correction_to_cloud_3386[/URL]

GBP/USD: LOOKING FOR SSB
09:42 31.08.2017

Technical levels: support – 1.2900; resistance – 1.2970, 1.3020.

Trade recommendations:

Buy — 1.2920; SL — 1.2900; TP1 — 1.2970; TP2 — 1.3020.
Reason: narrowing bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising Kijun-sen; the Bulls are ready to continue local uptrend up to SSB-levels.



More:
[URL=https://fbs.com/analytics/articles/gbp_usd%3a_looking_for_ssb_3387]https://fbs.com/analytics/articles/gbp_usd%3a_looking_for_ssb_3387[/URL]

EUR/JPY: EURO WANTS FREEDOM
10:27 31.08.2017

Recommendation: BUY 131.8 SL 131.25 TP1 132.8 TP2 134

On the daily chart, EUR/JPY tried to lead the quotes outside of the 127.50-131.30 consolidation range to trigger AB=CD pattern and continue rally towards 134. Never the less, formation of a doji bar points at uncertainty and the possibility of a pullback.



On H1, EUR/JPY formed consolidation range of 131-131.70. The closeness of 113% target of the inverted “Shark” pattern makes bulls careful. Only if the case of its confident test will mean the continuation of the advance.



More:
[URL=https://fbs.com/analytics/articles/eur_jpy%3a_euro_wants_freedom_3389]https://fbs.com/analytics/articles/eur_jpy%3a_euro_wants_freedom_3389[/URL]

USD/JPY: BULLS COUNTERATTACKED
10:37 31.08.2017

Recommendations:

BUY 109.7 SL 109.15 TP 111.3 TP2 112.15

BUY 110.9 SL 110.35 TP1 112.15 TP2 114

On the daily chart, bulls managed to move the pair outside of the short-term downtrend and start assailing resistance at 110.52. If they succeed, triggering of the inverted “Shark: pattern with target at 88.6% will become more likely.



On H1, USD/JPY reached the target of the “Widening wedge”. Pullbacks towards 23.6% and 38.2% of the wave CD of the “Shark” pattern, as well as the break of resistance at 110.9 should be used for opening long positions.



More:
[URL=https://fbs.com/analytics/articles/usd_jpy%3a_bulls_counterattacked_3390]https://fbs.com/analytics/articles/usd_jpy%3a_bulls_counterattacked_3390[/URL]

EUR/USD: "PENNANT" LED TO MASSIVE DECLINE
12:20 31.08.2017



Bears faced support at 1.1875, but the market is likely going to continue falling down. So, we should keep an eye on the 55 Moving Average as an intraday target. If a pullback from this line happens, there'll be an opportunity to have an upward price movement towards the nearest resistance at 1.1909 - 1.1959.



The last "Pennant" led to a massive decline. The main intraday bearish target is the closest support at 1.1838 - 1.1827. Meanwhile, if we have a pullback from this area, bulls will probably try to deliver an upward correction.

More:
[URL=https://fbs.com/analytics/articles/eur_usd%3a_%22pennant%22_led_to_massive_decline_33 93]https://fbs.com/analytics/articles/eur_usd%3a_%22pennant%22_led_to_massive_decline_33 93[/URL]

GBP/USD: "THORN" PATTERN
12:47 31.08.2017



The price is still consolidating near the Moving Averages. It seems like the pair is going to test the nearest support area at 1.2891 - 1.2877. However, if a pullback from these levels arrives later on, there'll be an option to have a bullish price movement towards the closest resistance at 1.2958 - 1.2989.



There's a "Thorn" pattern, so the price is consolidating. Therefore, the pair is likely going to test the 89 Moving Average. If a pullback from this line happens, bulls will have a green light to achieve another resistance at 1.2942 - 1.2958.

More:
[URL=https://fbs.com/analytics/articles/gbp_usd%3a_%22thorn%22_pattern_3394]https://fbs.com/analytics/articles/gbp_usd%3a_%22thorn%22_pattern_3394[/URL]

EUR/USD: BEARISH "ENGULFING"
14:07 31.08.2017



The last bearish "Harami" has been confirmed by a "Three Methods" pattern, so the price is declining. The next bearish target is the 55 Moving Average, which could be a departure point for an upward correction.



There's a bearish "Engulfing", which has been confirmed enough. So, the market is likely going to test the 89 Moving Average, which could act as support. If a pullback from this line happens, there'll be an opportunity to have another decline.

More:
[URL=https://fbs.com/analytics/articles/eur_usd%3a_bearish_%22engulfing%22_3398]https://fbs.com/analytics/articles/eur_usd%3a_bearish_%22engulfing%22_3398[/URL]

USD/JPY: BULLISH "THREE METHODS"
14:12 31.08.2017



Bulls faced the 144 Moving Average, so we've got a "Shooting Star", but this pattern hasn't been confirmed yet. In this case, the price is likely going to test the nearest resistance level in the short term. If any bearish pattern arrives later on, we could have a downward correction.



We've got a bullish "Three Methods", so the price is likely going to test the upper "Window". If a pullback from this level happens, there'll be an opportunity to have a bearish correction.

More:
[URL=https://fbs.com/analytics/articles/usd_jpy%3a_bullish_%22three_methods%22_3399]https://fbs.com/analytics/articles/usd_jpy%3a_bullish_%22three_methods%22_3399[/URL]

EUR/USD: EURO LIKED PIN BARS
10:04 01.09.2017

Recommendations:

BUY 1.1925 SL 1.187 TP1 1.1995 TP2 1.2085

BUY 1.1985 SL 1.193 TP1 1.2085 TP2 1.2185

On the daily chart, bears’ failure to rise above 1.1845 points at their weakness. This is confirmed by a pin bar with a long lower wick. Traders should favor buying on the break of resistance aiming for 161.8%, 200% and 224 targets of AB=CD pattern.



On H1, EUR/USD may form 1-2-3 pattern on correction. The break of resistances at 1.1925 and 1.1985 will be a signal for long positions.



More:
[URL=https://fbs.com/analytics/articles/eur_usd%3a_euro_liked_pin_bars_3410]https://fbs.com/analytics/articles/eur_usd%3a_euro_liked_pin_bars_3410[/URL]

EUR/GBP: BULLS COUNT ON A WEDGE
10:21 01.09.2017

Recommendations:

BUY 0.922 SL 0.9165 TP 0.932

BUY 0.9235 SL 0.918 TP 0.9335

On the daily chart, EUR/GBP is in sustainable uptrend within “Spike and reversal with acceleration”. As long as the pair doesn’t fall to 0.9068, bulls will retain total control of the pair.



On H1, EUR/GBP is forming a “widening wedge” pattern. Return of the pair to point 3 will end the process and allow to form longs. More aggressive traders can use the break of the upper border of the trend channel as a signal for opening long positions.



More:
[URL=https://fbs.com/analytics/articles/eur_gbp%3a_bulls_count_on_a_wedge_3411]https://fbs.com/analytics/articles/eur_gbp%3a_bulls_count_on_a_wedge_3411[/URL]

EUR/USD: "V-BOTTOM" PATTERN
11:27 01.09.2017



Bears faced with support at 1.1875, so we've got a "V-Bottom" pattern, which pushed the price to the nearest resistance at 1.1909. So, the market is likely going to decline towards the next support at 1.1846. If a pullback from this level happens, there'll be an opportunity to have an upward price movement in the direction of another resistance at 1.1975 - 1.2003.



The 34 Moving Average has acted as resistance, so there's a "V-Top" pattern. Therefore, the pair is likely going to decline towards the closest support at 1.1875 - 1.1863. However, if we have a pullback from these levels, bulls will probably try to reach resistance at 1.1959.

More:
[URL=https://fbs.com/analytics/articles/eur_usd%3a_%22v_bottom%22_pattern_3415]https://fbs.com/analytics/articles/eur_usd%3a_%22v_bottom%22_pattern_3415[/URL]

GBP/USD: PAIR GOING TO TEST NEAREST SUPPORT
11:30 01.09.2017



We've got a "V-Bottom" pattern, so the price reached the 89 Moving Average. In this case, we could have an upward price movement towards the nearest support area at 1.2891 - 1.2877. If a pullback from these levels arrives little later on, bulls are likely going to test another resistance at 1.2958 - 1.2989.



Bulls reached resistance at 1.2942, so there's a "Double Top" pattern. Therefore, the pair is likely going to achieve the nearest support at 1.2891 - 1.2877. Meanwhile, if a pullback from this area happens, we should keep an eye on the closest resistance at 1.2942 - 1.2958 as an intraday target.

More:
[URL=https://fbs.com/analytics/articles/gbp_usd%3a_pair_going_to_test_nearest_support_3416]https://fbs.com/analytics/articles/gbp_usd%3a_pair_going_to_test_nearest_support_3416[/URL]