NFP: A HOT DAY FOR THE US DOLLAR
11:38 01.09.2017

It’s the first Friday of September that means that the United States will release labor market data for August at 15:30 MT time. This week has already been very volatile for EUR/USD and USD/JPY. Will the news release change anything?

The risks
Yes, there are no doubts that this release will have a big impact on the market as it’s the last one before the Federal Reserve’s September meeting.

ADP employment report, which is the same as NFP, except it’s prepared not by the authorities, but by a private entity, showed that 237K jobs were created in America last month compared to 185K expected. After this publication, many market players started thinking that NFP will come out strong as well. Remember though that ADP and NFP don’t always correlate.

History shows that August payrolls tend to disappoint the market. The reasons for such consistent pattern are not quite clear. It may have something to do with seasonal factors: American teachers quit jobs and are re-employed when the new school year starts. August is also a holiday season. Many people who do contract work don't take new assignments. There are also some tricky reasons to believe that wage growth (average hourly earnings) will be lower as well (this deals with the fact how the indicator is counted).

The Fed is closely watching the US economic figures as traders try to predict further actions of the US central bank. The devastating hurricane that ran over Texas diminishes the odds of the Fed’s rate hike this year (although the hurricane won’t affect this month’s NFP). A disappointment in labor data will make the US currency suffer a lot. At the same time, USD bulls will need a reading above the consensus forecast to continue the greenback’s recovery.

The forecasts
Here are the forecasts of some well-known banks.



The impact
>200K – very USD-positive
180K-200K – mildly positive for the USD
150K-180K – mildly negative for the USD
<150 – very USD-negative

More:
[URL=https://fbs.com/analytics/articles/_nfp%3a_a_hot_day_for_the_us_dollar_3417]https://fbs.com/analytics/articles/_nfp%3a_a_hot_day_for_the_us_dollar_3417[/URL]

EUR/USD: PULLBACK FROM 1/8 MM LEVEL
12:44 01.09.2017



We've got a pullback from 1/8 MM Level, so wave [a] has been ended. However, wave 4 is likely going to be continued. So, if a pullback from 2/8 MM Level happens afterwards, we could have another bearish impulse in wave [c] of 4.



There's a bearish impulse in wave [a]. Also, bulls delivered a small bullish impulse in wave (a), so wave [b] is likely going to take the form of a zigzag. The main intraday target is 4/8 MM Level, which could be a departure point for wave [c] of 4.

More:
[URL=https://fbs.com/analytics/articles/eur_usd%3a_pullback_from_1_8_mm_level_3419]https://fbs.com/analytics/articles/eur_usd%3a_pullback_from_1_8_mm_level_3419[/URL]

EUR/USD: CONFIRMED "DOJI"
14:31 01.09.2017



There's a bullish "Harami", which has been confirmed by the last "Three Methods". So, the market is likely going to rise towards the nearest resistance in the short term. If a pullback from this level happens, we could have another decline.



We've got a confirmed "Doji" at the local low, so the pair is likely going to test the upper "Window" during the day. However, if we have a bearish pattern little later on, bears will probably try to test the Moving Averages once again.

More:
[URL=https://fbs.com/analytics/articles/eur_usd%3a_confirmed_%22doji%22_3421]https://fbs.com/analytics/articles/eur_usd%3a_confirmed_%22doji%22_3421[/URL]

USD/JPY: BEARS GOING TO PUSH PRICE LOWER
14:33 01.09.2017



There's a "Shooting Star", which has been formed on the 144 Moving Average. Also, there's a local bullish "Harami", so the market is likely going to test the nearest resistance, which could be a departure point for a decline toward the lower "Window".



We've got bullish patterns such a "Tweezers" and a "High Wave", but both of them have a quite week confirmation. Therefore, if a pullback from the upper "Window" happens, bears are likely going to push the price lower.

More:
[URL=https://fbs.com/analytics/articles/usd_jpy%3a_bears_going_to_push_price_lower_3422]https://fbs.com/analytics/articles/usd_jpy%3a_bears_going_to_push_price_lower_3422[/URL]

USD: OUTLOOK FOR SEPTEMBER 4-8
16:31 01.09.2017

The US dollar index (DXY) dipped to 91.55 before recovering to 93.30 area, but the descending trend line didn’t let the greenback to push higher and it reserved back to the downside.

The fundamental picture for the US currency looks rather grim. Geopolitical tensions increased as North Korea launched a missile that flew over Japan on Tuesday and Trump’s Administration ordered to close 3 Russian diplomatic facilities in the United States. On the domestic front, hurricane Harvey may be the most expensive natural disaster in US history. According to the weather forecaster AccuWeather, it will cost the economy about $190 billion. No big announcement on the US tax reform came from Donald Trump. Finally, US labor market figures for August brought a big disappointment. America created only 156K jobs vs. 180K expected. The unemployment rate increased to 4.4% and monthly wage growth slowed down to 0.1%.



Other data from the US turned out to be mixed. American economy performed better than expected in the second quarter, as preliminary GDP growth was revised from the initial estimate of 2.6% to 3.0%. However, inflation keeps hovering at low levels – this may pose an obstacle to the Fed’s rate hikes this year. Consumer spending rose slightly less than expected in July, but consumer confidence came out strong.

US banks will be closed on Monday as the nation will celebrate Labor Day. All in all, the week will be lighter on the data front. Pay attention to ISM services PMI on Wednesday and unemployment claims and crude oil inventories on Thursday.

American currency remains within a downtrend. Declines below 92.00 (50-month MA) and 2016 low at 91.88 will bring DXY to 2015 low at 90.70. The greenback needs to return above 93.00 to reverse this trend and get a chance to rise to 94.00.



More:
[URL=https://fbs.com/analytics/articles/usd%3a_outlook_for_september_4_8_3423]https://fbs.com/analytics/articles/usd%3a_outlook_for_september_4_8_3423[/URL]

EUR/USD: OUTLOOK FOR SEPTEMBER 4-8
17:18 01.09.2017

The single currency had an extremely volatile week. EUR/USD made a spike to 1.2070, then fell to 1.1820 and then made another spike to the levels close to 1.2000 before returning below 1.1900.

The euro made bullish swings on good data from the euro area and the US dollar’s weakness. European inflation gathered pace in August. CPI increased by 1.5% exceeding analysts’ forecasts. At the same time, the acceleration was mainly because of higher oils prices as core CPI, which excludes energy and food prices, maintained the same pace.

Disappointing US labor data on Friday pushed the euro higher, but the euro bulls were stopped by a report from Bloomberg, citing unnamed euro zone officials, that the ECB may not be ready to finalize their decision on next year’s QE program until December.

Traders are looking forward to the European Central Bank’s meeting on Thursday, September 7. Only a few analysts expect the ECB to announce a timeline for its withdrawal in bond purchase plans. At his speech in Jackson Hole in August, the ECB President Mario Draghi said that “a significant degree of monetary accommodation” was still warranted. Instead, the market’s focus will be on the regulator’s comments on the euro’s strength. Minutes of the regulator’s most recent meeting showed some officials were concerned about this. Yet, some of the ECB members have made hawkish comments recently.

EUR/USD is still within the general uptrend. A weekly close below 1.1900 may set the ground for further correction to the downside. The 200-week MA at 1.1750 should act as support ahead of 1.1700. The level of 1.2000 represents a key psychological level. The pair’s inability to close above it on Tuesday together with daily MACD divergence points at the necessity to visit support levels. In addition, pay attention to the fact that EUR/USD ran into the Ichimoku Cloud and 50-period MA at the monthly chart – these things create resistance.

The US economic calendar is going to be light. Take into account our technical analysis considerations and prepare for volatility during the ECB meeting & press conference.



More:
[URL=https://fbs.com/analytics/articles/eur_usd%3a_outlook_for_september_4_8_3425]https://fbs.com/analytics/articles/eur_usd%3a_outlook_for_september_4_8_3425[/URL]

EUR/USD: "THORN" PATTERN
10:07 04.09.2017



The main trend is still bullish, but the price faced resistance at 1.1959, so we've got a "Thorn" pattern, which pushed the market to the 34 Moving Average. In this case, we should keep an eye on the nearest support area at 1.1827 - 1.1801 as an intraday target. If a pullback from these levels happens, we could have an upward price movement towards the closest resistance at 1.1909 - 1.1959.



Bears faced support at 1.1847, so the price is consolidating. However, the pair is likely going to test the next support at 1.1827 - 1.1822. If so, we could have a new local low soon. Meanwhile, there's an opportunity to have a bullish price movement towards the nearest resistance at 1.1892 - 1.1909 afterwards.

More:
[URL=https://fbs.com/analytics/articles/eur_usd%3a_%22thorn%22_pattern_3435]https://fbs.com/analytics/articles/eur_usd%3a_%22thorn%22_pattern_3435[/URL]

GBP/USD: BULLS GOING TO BREAK THE LAST HIGH
10:10 04.09.2017



Bulls found resistance at 1.2985, so we've got a "V-Top" pattern, which has been confirmed. If the 89 Moving Average acts as support, the price is likely going to test another resistance at 1.2989. If a pullback from this level happens, bears will probably try to test the nearest support at 1.2932 - 1.2891.



There's a "V-Top" pattern, which pushed the price to the closest support at 1.2936. Nevertheless, bulls are likely going to break the last high during the day. If the market doesn't fixate above 1.2989 - 1.2994, there'll be an opportunity to have a decline in the direction of the next support at 1.2932 - 1.2916.

More:
[URL=https://fbs.com/analytics/articles/gbp_usd%3a_bulls_going_to_break_the_last_high_3436]https://fbs.com/analytics/articles/gbp_usd%3a_bulls_going_to_break_the_last_high_3436[/URL]

EUR/USD: MARKET GOING TO TEST 55 MA AGAIN
10:27 04.09.2017



The 34 & 55 Moving Averages have acted as support, so we've got bullish patterns such a "Harami" and an "Inverted Hammer". However, confirmation of these patterns is quite weak, so the market is likely going to test the 55 MA once again.



The price is consolidating near the last "Window". Also, there are a "Harami" and a "High Wave" patterns. Therefore, the pair is likely going to test the nearest resistance, which could be a departure point for an intraday decline.

More:
[URL=https://fbs.com/analytics/articles/eur_usd%3a_market_going_to_test_55_ma_again_3438]https://fbs.com/analytics/articles/eur_usd%3a_market_going_to_test_55_ma_again_3438[/URL]

USD/JPY: NEW "WINDOW"
10:29 04.09.2017



There's a new "Window", but we still don't have any reversal pattern. So, the price is likely going to continue falling down towards the lower "Window". If any bullish pattern arrives later on, there'll be an opportunity to have a bullish price movement.



The last pullbacks from the upper "Window" led to form a new local low. It's likely that the market is going to test the nearest support, which could be a departure point for an upward correction.

More:
[URL=https://fbs.com/analytics/articles/usd_jpy%3a_new_%22window%22_3439]https://fbs.com/analytics/articles/usd_jpy%3a_new_%22window%22_3439[/URL]

NZD/USD IS GATHERING STRENGTH FOR TAKEOFF
11:03 04.09.2017

Recommendations:

BUY 0.7205

SL 0.715

TP1 0.7295 TP2 0.7345 TP2 0.7395

On the daily chart, NZD/USD keeps correcting to the long-term uptrend as the “Shark” pattern is transforming into 5-0. Bulls retain hopes for return to 61.8% and 50% of the wave CD with the following recovery of the trend.



On H1, NZD/USD is forming the “widening wedge” pattern. Another test of resistance at 0.7205 will end the process. Success will allow bulls to count on a correction to the current short-term downtrend.



More:
[URL=https://fbs.com/analytics/articles/nzd_usd_is_gathering_strength_for_takeoff__3443]https://fbs.com/analytics/articles/nzd_usd_is_gathering_strength_for_takeoff__3443[/URL]

EUR/USD: WAVE (II) IS ABOUT TO END
11:13 04.09.2017



There's developing wave 4, which is likely going to take the form of a zigzag. So, we could have a downward impulse in wave [c] soon. If a pullback from 1/8 MM Level happens afterwards, there'll be an opportunity to have another bullish rally.



Wave [b] has been formed like a zigzag, so there's a bearish impulse in wave (i). At the same time, wave (ii) is about to end, so we're likely going to have a decline in wave (iii) of [c] during the day.

More:
[URL=https://fbs.com/analytics/articles/eur_usd%3a_wave_%28ii%29_is_about_to_end_3444]https://fbs.com/analytics/articles/eur_usd%3a_wave_%28ii%29_is_about_to_end_3444[/URL]

AUD/USD PAINTED A TRIANGLE
11:22 04.09.2017

Recommendation:

BUY 0.7985 SL 0.793 TP1 0.8085 TP2 0.8335

SELL 0.7915 SL 0.797 TP 0.779

On the daily chart, AUD/USD formed a triangle. A break of its upper border will create conditions needed for an advance to 0.8000. On the other hand, it the pair quits bullish trend channels, risks of correction will strengthen.



On H1, there’s a “Widening wedge” pattern. The successful test of 0.7982 will allow bulls to keep moving up. On the other hand, decline to support 0.7918 will return initiative to bears.



More:
[URL=https://fbs.com/analytics/articles/aud_usd_painted_a_triangle_3446]https://fbs.com/analytics/articles/aud_usd_painted_a_triangle_3446[/URL]

GBP/USD: TRADES IN CLOUD WILL CONTINUE
12:00 04.09.2017

Technical levels: support – 1.2920, 1.2900; resistance – 1.3020.

Trade recommendations:

Buy — 1.2920; SL — 1.2900; TP1 — 1.2970; TP2 — 1.3020.
Reason: narrow bullish Ichimoku Cloud with horizontal Senkou Span A and B; a cancelled dead cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the market is supported by Tenkan and Kijun.



More:
[URL=https://fbs.com/analytics/articles/gbp_usd%3a_trades_in_cloud_will_continue_3448]https://fbs.com/analytics/articles/gbp_usd%3a_trades_in_cloud_will_continue_3448[/URL]

AUD/USD: AUSSIE CAN’T BREAKOUT 0.8000
12:01 04.09.2017

Technical levels: support – 0.7940; resistance – 0.8000.

Trade recommendations:

Buy — 0.7940/50; SL — 0.7920; TP1 — 0.8000; TP3 — 0.8040.
Reason: bullish Ichimoku Cloud, horizontal Senkou Span A and B; a cancelled dead cross of Tenkan-sen and Kijun-sen, the lines are horizontal; the prices are returned to the Cloud and supported by Tenkan, Kijun and upper border of the Cloud.



More:
[URL=https://fbs.com/analytics/articles/aud_usd%3a_aussie_can%E2%80%99t_breakout_0.8000_34 49]https://fbs.com/analytics/articles/aud_usd%3a_aussie_can%E2%80%99t_breakout_0.8000_34 49[/URL]

XAU/USD HAS SPREAD ITS WINGS
09:38 05.09.2017

Recommendation:

BUY $1321

SL $1305

TP $1351 TP2 $1386

On the daily chart, XAU/USD keeps rallying towards 200% target of the AB=CD pattern. The area of $1347-1352 acts as key resistance. Support is near $1320.4-1321.6. Bulls retain control, so buying on the pullbacks is the main strategy.



On H1, XAU/USD keeps forming “Spike and reversal with acceleration”. As long as the pair remains above the trend line of the first stage ($1290), the outlook is bullish.



More:
[URL=https://fbs.com/analytics/articles/xau_usd_has_spread_its_wings_3479]https://fbs.com/analytics/articles/xau_usd_has_spread_its_wings_3479[/URL]

USD/CAD: BULLS ARE COUNTING ON A TRIANGLE
09:47 05.09.2017

Recommendation:

SELL 1.2505 SL 1.256 TP 1.231 TP2 1.218

SELL 1.255 SL 1.261 TP 1.245 TP2 1.231

On the daily chart, USD/CAD bears managed to renew the long-term low. This increases the risks of the continuation of the decline to 1.2310, 1.2180 and 1.2040. Never the less, we can’t exclude the possibility of a short-term pullback because of the inside bar.



On H1, bears returned the pair inside the descending channel. This is a sign of their strength. At the same time, a break of the upper border of the triangle will create the risks of a pullback towards 1.2501-1.2507 and 1.254-1.2559.



More:
[URL=https://fbs.com/analytics/articles/usd_cad%3a_bulls_are_counting_on_a_triangle_3480]https://fbs.com/analytics/articles/usd_cad%3a_bulls_are_counting_on_a_triangle_3480[/URL]

EUR/USD: EURO ENTERED INTO CLOUD
10:05 05.09.2017

Technical levels: support – 1.1870/80; resistance – 1.1950, 1.1990.

Trade recommendations:

Buy — 1.1910; SL — 1.1880; TP1 — 1.1950; TP2 – 1.1990.
Reason: bullish Ichimoku Cloud, but horizontal Senkou Span A and B; an irregular golden cross of Tenkan-sen and Kijun-sen, narrow channel of Tenkan-Kijun; the prices are supported by Cloud.



More:
[URL=https://fbs.com/analytics/articles/eur_usd%3a_euro_entered_into_cloud_3482]https://fbs.com/analytics/articles/eur_usd%3a_euro_entered_into_cloud_3482[/URL]

USD/JPY: DOLLAR GOING TO NEGATIVE AREA
10:05 05.09.2017

Technical levels: support – 190.30, 108.90; resistance – 109.60, 109.90.

Trade recommendations:

Sell — 109. 50; SL — 109.70; TP1 — 108.90; TP2 — 108.50.
Reason: narrow bullish Ichimoku Cloud with horizontal Senkou Span A and B; a new dead cross of Tenkan-sen and Kijun-sen and the falling lines; Dollar is going to new lows and may breakdown the support of the Cloud.



More:
[URL=https://fbs.com/analytics/articles/usd_jpy%3a_dollar_going_to_negative_area_3483]https://fbs.com/analytics/articles/usd_jpy%3a_dollar_going_to_negative_area_3483[/URL]

EUR/USD: BEARISH "FLAG" PATTERN
12:17 05.09.2017



The price is consolidating between the levels 1.1909 - 1.1875. It's likely that bears are going to test the 55 Moving Average, so we could have a new local low soon. However, 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.



There's a consolidation, which is taking place above the 89 Moving Average. It seems like we're going to have a "Flag" pattern. If so, bears will probably try to test the closest support area at 1.1827 - 1.1822. Meanwhile, if a pullback from these levels happens, we could have an upward correction.

More:
[URL=https://fbs.com/analytics/articles/eur_usd%3a_bearish_%22flag%22_pattern_3488]https://fbs.com/analytics/articles/eur_usd%3a_bearish_%22flag%22_pattern_3488[/URL]

GBP/USD: 34 & 55 MA ACTING AS SUPPORT
12:20 05.09.2017



The 34 & 55 Moving Averages are acting as support. Nevertheless, the pair is likely going to test the next support at 1.2891 - 1.2853 in the short term. If a pullback from this area happens little later on, we should keep an eye on the nearest resistance at 1.2989 - 1.3021 as an intraday bullish target.



Bears faced with support at 1.2916, so the price is consolidating. Also, there's a "Flag" pattern, so the market is likely going to reach the closest support area at 1.2891 - 1.2872, which could be a departure point for a bullish correction.

More:
[URL=https://fbs.com/analytics/articles/gbp_usd%3a_34___55_ma_acting_as_support_3489]https://fbs.com/analytics/articles/gbp_usd%3a_34___55_ma_acting_as_support_3489[/URL]

EUR/USD: "HARAMI" AND "SHOOTING STAR"
12:23 05.09.2017



There's a developing bearish correction. We've got bearish patterns such a "Harami" and a "Shooting Star" at the last local high. So, the price is likely going to test the 89 Moving Average, which could be a departure point for another bullish rally.



The Monday's "Window" remains open, but the last bearish "Engulfing" and "High Wave" patterns are still in the game. At the same time, there's an opportunity to have a local upward correction towards the Moving Averages. Nevertheless, bears are likely going to test the nearest support afterwards

More:
[URL=https://fbs.com/analytics/articles/eur_usd%3a_%22harami%22_and_%22shooting_star%22_34 90]https://fbs.com/analytics/articles/eur_usd%3a_%22harami%22_and_%22shooting_star%22_34 90[/URL]

USD/JPY: BEARISH "THREE METHODS"
12:26 05.09.2017



We've got a bearish "Three Methods", but there's a local bullish "Harami" pattern, which has been confirmed. So, the market is likely going to test the closest resistance level, which could lead to another decline.



There's resistance by the Monday's "Window". However, we've got a confirmed bullish "Hammer", so the pair is likely going to test the Moving Averages. If a pullback from these lines happens, bears will try to deliver a new local low.

More:
[URL=https://fbs.com/analytics/articles/usd_jpy%3a_bearish_%22three_methods%22_3491]https://fbs.com/analytics/articles/usd_jpy%3a_bearish_%22three_methods%22_3491[/URL]

EUR/USD: DEVELOPING IMPULSE IN WAVE [C] OF 4
12:51 05.09.2017



An extension in wave 3 has been finished under 3/8 MM Level, so there's developing wave 4, which is likely going to take the form of a zigzag. If the price doesn't find a lodgement below 1/8 MM Level, there'll be an opportunity to have another bullish impulse.



Wave [b] has been formed like a zigzag, so there's a developing impulse in wave [c] of 4. It's likely that wave (iii) of [c] is going to move on, so we could have a new local low pretty soon. The main target for wave [c] is 1/8 MM Level.

More:
[URL=https://fbs.com/analytics/articles/eur_usd%3a_developing_impulse_in_wave_%5bc%5d_of_4 _3492]https://fbs.com/analytics/articles/eur_usd%3a_developing_impulse_in_wave_%5bc%5d_of_4 _3492[/URL]

USD/CHF: BULLS WANT REVENGE
06:25 06.09.2017

Recommendation:

BUY 0.964

SL 0.9585

TP1 0.9765 TP2 0.986

On the daily chart, a double bottom allows the bulls to retain hopes of finishing a “Dragon” pattern. To do it they have to return the quotes to resistance levels at 0.9650 and 0.9765 and conquer them.



On H1, a successful test of resistance at 0.9640 (upper border of the downtrend channel) will increase the risks of an inverted butterfly pattern. Its 127.2% target corresponds to 0.9860.



More:
[URL=https://fbs.com/analytics/articles/usd_chf%3a_bulls_want_revenge_3508]https://fbs.com/analytics/articles/usd_chf%3a_bulls_want_revenge_3508[/URL]

GBP/USD: BULLS RETURN TO THE GAME
06:36 06.09.2017

Recommendation:

SELL 1.296

SL 1.3015

TP1 1.2835 TP2 1.2775

On the daily chart, GBP/USD returned inside the long-term bullish channel. This points at buyers’ strength. Bears can regain the initiative only if the pair slide below $1.2962. A break of this support will increase the risks of triggering “Head and shoulders” pattern.



On H1, GBP/USD keeps forming the 5-0 pattern. Conservative approach suggests opening short positions as the pair returns to the previous correction level (38.2%) of the wave CD.



More:
[URL=https://fbs.com/analytics/articles/gbp_usd%3a_bulls_return_to_the_game_3510]https://fbs.com/analytics/articles/gbp_usd%3a_bulls_return_to_the_game_3510[/URL]

GBP/USD: BULLS LOOK STRONG
07:08 06.09.2017

Technical levels: support – 1.2920, 1.2980; resistance – 1.3020/40.

Trade recommendations:

Buy — 1.2980; SL — 1.2960; TP1 — 1.3040; TP2 — 1.3100.
Reason: bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the Bulls are breaking out the Cloud’s resistance and may go higher.



More:
[URL=https://fbs.com/analytics/articles/gbp_usd%3a_bulls_look_strong_3514]https://fbs.com/analytics/articles/gbp_usd%3a_bulls_look_strong_3514[/URL]

AUD/USD: AUSSIE RETURNED TO 0.8000
07:09 06.09.2017

Technical levels: support – 0.7940, 0.7980; resistance – 0.8000.

Trade recommendations:

Sell — 0.7970; SL — 0.7990; TP1 — 0.7940; TP3 — 0.7920.
Buy — 0.7930; SL — 0.7910; TP1 — 0.8000; TP3 — 0.8040.
Reason: bullish Ichimoku Cloud, horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the Bulls are tested the strong resistance on 0.8000, but can’t break it out.



More:
[URL=https://fbs.com/analytics/articles/aud_usd%3a_aussie_returned_to_0.8000_3515]https://fbs.com/analytics/articles/aud_usd%3a_aussie_returned_to_0.8000_3515[/URL]

EUR/USD: BEARS GOING TO TEST 55 MA
09:38 06.09.2017



The price is still consolidating between the levels 1.1959 - 1.1875. So, bears are likely going to test the 55 Moving Average, which could act as support. If so, there'll be an opportunity to have an upward correction towards the nearest resistance at 1.1975 - 1.2003.



There's a consolidation, which is taking place above the Moving Averages. It's likely that the market is going to test the closest support at 1.1874 - 1.1864. If a pullback from this area happens, bulls will try to achieve the next resistance at 1.1975 - 1.2003.

More:
[URL=https://fbs.com/analytics/articles/eur_usd%3a_bears_going_to_test_55_ma_3519]https://fbs.com/analytics/articles/eur_usd%3a_bears_going_to_test_55_ma_3519[/URL]

GBP/USD: "TRIPLE TOP" LED TO CONSOLIDATION
09:44 06.09.2017



The Moving Averages have acted as support, so the price is rising, but bulls faced with resistance at 1.3032 - 1.3047. In this case, we should keep an eye on the nearest support at 1.2994 - 1.2977 as an intraday target. If a pullback from these levels happens, there'll be an opportunity to have even more bullish pressure.



There's a "Triple Top", so the price is consolidating. Therefore, the market is likely going to test the closest support at 1.2994 - 1.2977 during the day. Meanwhile, bulls could deliver a new local high afterwards.

More:
[URL=https://fbs.com/analytics/articles/gbp_usd%3a_%22triple_top%22_led_to_consolidation_3 520]https://fbs.com/analytics/articles/gbp_usd%3a_%22triple_top%22_led_to_consolidation_3 520[/URL]

EUR/USD: UPPER "WINDOW" ACTING AS RESISTANCE
10:36 06.09.2017



The 34 & 55 Moving Averages have acted as support, so the price is moving up. There's no any reversal pattern, cause all the last candles are bullish. Therefore, the market is likely going to continue rising towards the nearest resistance level.



The upper "Window" is acting as resistance, so we could have a local bearish correction towards the Moving Averages. If a pullback from these lines arrives little later on, there'll be an opportunity to have another bullish price movement.

More:
[URL=https://fbs.com/analytics/articles/eur_usd%3a_upper_%22window%22_acting_as_resistance _3521]https://fbs.com/analytics/articles/eur_usd%3a_upper_%22window%22_acting_as_resistance _3521[/URL]

USD/JPY: "TWEEZERS" AND "HAMMER"
10:38 06.09.2017



There's a possible "Three Methods" pattern, so the current local correction is likely going to end soon. Previously, a "Shooting Star" pattern has been formed on the 89 Moving Average. In this case, we could have a new local low pretty soon.



There are bullish patterns such a "Tweezers" and a "Hammer", but both of them haven't been confirmed yet. So, we could have just a local correction towards the 34 Moving Average. If a pullback from this line happens, bears are going to break the last low.

More:
[URL=https://fbs.com/analytics/articles/usd_jpy%3a_%22tweezers%22_and_%22hammer%22_3522]https://fbs.com/analytics/articles/usd_jpy%3a_%22tweezers%22_and_%22hammer%22_3522[/URL]

EUR/USD: POSSIBLE ENDING DIAGONAL
11:06 06.09.2017



The price is still consolidating under 4/8 MM Level, which could be a departure point for wave [c]. The main target for wave 4 is 1/8 MM Level. If we have a pullback from this level, bulls are likely going to deliver another upward impulse.



There's a possible ending diagonal in wave (c) of [b]. If a pullback from 4/8 MM Level happens, there'll be an opportunity to have a bearish impulse in wave [c] of 4. If so, we should keep an eye on 1/8 MM Level as an intraday target.

More:
[URL=https://fbs.com/analytics/articles/eur_usd%3a_possible_ending_diagonal_3523]https://fbs.com/analytics/articles/eur_usd%3a_possible_ending_diagonal_3523[/URL]

EUR/USD: READY TO CONTINUE UPTREND
06:45 07.09.2017

Technical levels: support – 1.1910; resistance – 1.1960, 1.1990.

Trade recommendations:

Buy — 1.1910; SL — 1.1890; TP1 — 1.1960; TP2 – 1.1990.
Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; an irregular dead cross of Tenkan-sen and Kijun-sen, narrowing channel of Tenkan-Kijun; the prices are on the support of Tenkan-sen and Kijun-sen and breaking out the SSA’s resistance.



More:
[URL=https://fbs.com/analytics/articles/eur_usd%3a_ready_to_continue_uptrend_3540]https://fbs.com/analytics/articles/eur_usd%3a_ready_to_continue_uptrend_3540[/URL]

GBP/USD: CONSOLIDATION OVER CLOUD
06:46 07.09.2017

Technical levels: support – 1.2980/90; resistance – 1.3020/40.

Trade recommendations:

Buy — 1.3050; SL — 1.3030; TP1 — 1.3100; TP2 — 1.3130.
Buy — 1.2990; SL — 1.2970; TP1 — 1.3040; TP2 — 1.3100.
Reason: expanding bullish Ichimoku Cloud, rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, the rising lines; the market is out from the overbought area soon and may go higher.



More:
[URL=https://fbs.com/analytics/articles/gbp_usd%3a_consolidation_over_cloud_3542]https://fbs.com/analytics/articles/gbp_usd%3a_consolidation_over_cloud_3542[/URL]

USD/JPY: YEN IS MOVING THROUGH CHANNELS
07:09 07.09.2017

Recommendations:

SELL 108.5 SL 109.05 TP 106.4

BUY 109.75 SL 109.2 TP 112.1

On the daily chart, USD/JPY bulls are trying to leave the short-term descending channel. If they fail and bears manage to renew August low and conquer support at 108.03, risks of decline towards 127.2% and 161.8% targets of the AB=CD pattern will increase.



On H1, USD/JPY formed a “Widening wedge". The return of the pair to 38.2% and 23.6% of the wave 4-5 may be used for buying. On the other hand, another test of support at 108.54 can be used for selling.



More:
[URL=https://fbs.com/analytics/articles/usd-jpy-yen-is-moving-through-channels-3543]https://fbs.com/analytics/articles/usd-jpy-yen-is-moving-through-channels-3543[/URL]

EUR/JPY: BULLS ARE PREPARING AN ATTACK
07:42 07.09.2017

Recommendation:

BUY 130.65 S

L 130.1

TP 131.65 TP2 133.8

On the daily chart, EUR/JPY entered the dead zone between the short-term downtrend and the long-term uptrend channels. To develop correction, bears need to form and reach targets of the “Widening wedge”. The presence of the inside bar creates a possibility for the short-term trades.



On H1, EUR/JPY is consolidating in range as the “Shark” pattern is transforming into 5-0. Bulls managed to lead the pair outside the downtrend channel. To resume the uptrend, they need to overcome resistance at 130.65.



More:
[URL=https://fbs.com/analytics/articles/eur-jpy-bulls-are-preparing-an-attack-3544]https://fbs.com/analytics/articles/eur-jpy-bulls-are-preparing-an-attack-3544[/URL]

EUR/USD: POSSIBLE TRIANGLE PATTERN
09:07 07.09.2017



The price is still consolidating near the 34 Moving Average, so bears are likely going to reach the nearest support at 1.1909 - 1.1892. If a pullback from this area happens, there'll be an opportunity to have an upward price movement in the direction of the closest resistance at 1.1975 - 1.2003.



There's a possible triangle pattern. In this case, the market is likely going to get support on the 89 Moving Average. Meanwhile, if we see a pullback from this line, bulls will try to test another resistance at 1.1975 - 1.2003.

More:
[URL=https://fbs.com/analytics/articles/eur-usd-possible-triangle-pattern-3551]https://fbs.com/analytics/articles/eur-usd-possible-triangle-pattern-3551[/URL]

GBP/USD: "V-TOP" PATTERN
09:10 07.09.2017



There's a "Thorn" pattern, which pushed the price to the nearest support at 1.3047 - 1.3032. However, bears are likely going to test the next support at 1.2994 - 1.2977 in the short term. If a pullback from these levels happens little later on, there'll be an option to have a bullish price movement towards the closest resistance at 1.3082 - 1.3096.



Bulls faced with resistance at 1.3082, so there's a "V-Top" pattern. Therefore, the pair is likely going to decline towards the nearest support area at 1.2994 - 1.2977. At the same time, bulls will probably try to deliver a new local high afterwards.

More:
[URL=https://fbs.com/analytics/articles/gbp-usd-v-top-pattern-3553]https://fbs.com/analytics/articles/gbp-usd-v-top-pattern-3553[/URL]

EUR/USD: DEVELOPING WAVE 4
09:41 07.09.2017



There's a developing wave 4, which is likely going to take the form of a zigzag. So, if a pullback from 4/8 MM Level happens, there'll be an opportunity to have a bearish impulse in wave [c]. The main target for wave 4 is 1/8 MM Level.



It seems like we've got an ending diagonal pattern in wave (c) of [b]. In this case, if we have a pullback from 4/8 MM Level, bears are likely going to test 1/8 MM Level, which could be a departure point for wave (i).

More:
[URL=https://fbs.com/analytics/articles/eur-usd-developing-wave-4-3559]https://fbs.com/analytics/articles/eur-usd-developing-wave-4-3559[/URL]