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]