AUD/USD: BEARS GOT HUNGRY
07:15 06.11.2017

Recommendation:

SELL 0.762 SL 0.7675 TP 0.75

BUY 0.773 SL 0.7785 TP1 0.782 TP2 0.786

On the daily chart, AUD/USD reached 88.6% target of the “Shark” pattern. After that, there was a pullback towards 23.6% of the wave CD. The pair consolidated in the range between 0.7620-0.7735. If the pair leaves this range, risks of realization of 113% target or a correction to the medium-term bearish trend will increase.



On H1, rebound from the current levels will allow the bulls to count on the “Widening wedge” pattern. On the other hand, renewal of October low will point at the further decline.



More:
[URL=https://fbs.com/analytics/articles/aud-usd-bears-got-hungry-4881]https://fbs.com/analytics/articles/aud-usd-bears-got-hungry-4881[/URL]

EUR/USD: LOCAL "FLAG" PATTERN
07:32 06.11.2017



The last "Flag" pattern has been broken, but the price is consolidating. The main intraday target is the next support area at 1.1560 - 1.1533. If a pullback from these levels happens, there'll be an opportunity to have an upward price movement towards the closest resistance at 1.1615 - 1.1634.



The price is consolidating between the levels 1.1615 - 1.1601. Also, there's a local "Flag" pattern, so we should keep an eye on the nearest resistance at 1.1634 as an intraday target. If a pullback from this level arrives little later on, bears will probably try to reach another support at 1.1573 - 1.1560.

More:
[URL=https://fbs.com/analytics/articles/eur-usd-local-flag-pattern-4882]https://fbs.com/analytics/articles/eur-usd-local-flag-pattern-4882[/URL]

GBP/USD: "THORN" PATTERN
07:43 06.11.2017



There's a "Double Bottom" pattern, which has been confirmed, so there's an upward price movement. However, we've got a bearish "Thorn" pattern, so the market is likely going to test the nearest support at 1.3026 - 1.2994. This area could be a departure point for a bullish correction.



The 34 Moving Average has acted as resistance, so there's a "Thorn" pattern, which has confirmation. Nevertheless, bulls are likely going to test the closest resistance at 1.3190 during the day. If a pullback from this level happens, there'll be an option to have another decline towards the last low.

More:
[URL=https://fbs.com/analytics/articles/gbp-usd-thorn-pattern-4884]https://fbs.com/analytics/articles/gbp-usd-thorn-pattern-4884[/URL]

EUR/USD: DEVELOPING WAVE (V) OF [III]
07:53 06.11.2017



The price couldn't fixate above 3/8 MM Level, which means wave (iv) might have been formed, so the price is declining in wave (v) of [iii]. The main intraday target is 0/8 MM level, which could be a departure point for a bullish correction.



Wave (iv) took the form of a zigzag, so there's an impulse in wave i. Therefore, we're likely going to have another downward impulse in wave iii in the coming hours. In this case, we should keep an eye on 5/8 MM Level as the next bearish target.

More:
[URL=https://fbs.com/analytics/articles/eur-usd-developing-wave-v-of-iii-4887]https://fbs.com/analytics/articles/eur-usd-developing-wave-v-of-iii-4887[/URL]

USD/JPY: BEARISH "ENGULFING"
12:25 06.11.2017



There's a bearish "Harami", which has been confirmed enough. So, the price is likely going to test the nearest Moving Average. If a pullback from this line happens, there'll be an opportunity to have another upward price movement.



We've got a bearish "Engulfing", so the price is declining. Also, there isn't any reversal pattern so far. In this case, the market is likely going to test the lower "Window", which could be a departure point for another bullish rally.

More:
[URL=https://fbs.com/analytics/articles/usd-jpy-bearish-engulfing-4893]https://fbs.com/analytics/articles/usd-jpy-bearish-engulfing-4893[/URL]

EUR/USD: PRICE GOING TO CONTINUE DECLINING
12:28 06.11.2017



There are bearish patterns such a "Shooting Star" and a "Tweezers", which both have been confirmed. So, the market is likely going to continue declining towards the next support area in the short term.



The 89 Moving Average has acted as resistance, but there's a bullish "Hammer", which has been formed at the local low. Therefore, we could have a local upward correction and the following decline afterwards.

More:
[URL=https://fbs.com/analytics/articles/eur-usd-price-going-to-continue-declining-4894]https://fbs.com/analytics/articles/eur-usd-price-going-to-continue-declining-4894[/URL]

AUD/USD: AUSSIE ENTERED INTO THE CLOUD AGAIN
05:46 07.11.2017

Technical levels: support – 0.7650; resistance – 0.7710

Trade recommendations:

Sell — 0.7670; SL — 0.7690; TP1 — 0.7590; TP2 — 0.7540.
Reason: bearish Ichimoku Cloud with falling Senkou Span A; a new dead cross of Tenkan-sen and Kijun-sen; the prices entered into the Cloud, but there is a strong resistance near 0.7000.



More:
[URL=https://fbs.com/analytics/articles/aud-usd-aussie-entered-into-the-cloud-again-4912]https://fbs.com/analytics/articles/aud-usd-aussie-entered-into-the-cloud-again-4912[/URL]

GBP/USD: POUND RETURNED TO BOTTOM BORDER OF CLOUD
05:45 07.11.2017

Technical levels: support – 1.3080; resistance – 1.3180.

Trade recommendations:

Sell — 1.3160; SL — 1.3180; TP1 — 1.3080; TP2 — 1.3010.
Reason: bearish Ichimoku Cloud, but rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen; the prices returned to the Cloud, under the resistance of horizontal Senkou Span B and Kijun-sen.



More:
[URL=https://fbs.com/analytics/articles/gbp-usd-pound-returned-to-bottom-border-of-cloud-4911]https://fbs.com/analytics/articles/gbp-usd-pound-returned-to-bottom-border-of-cloud-4911[/URL]

EUR/USD Daily Analytics
08:40 07.11.2017



The last "Flag" pattern has been broken, so the price is consolidating. The main intraday target is the next support area at 1.1582 - 1.1560. If a pullback from these levels happens, there'll be an opportunity to have a bullish correction in the direction of the closest resistance at 1.1668 - 1.1695.



The price is consolidating between the levels 1.1615 - 1.1601. Also, there's a "Flag" pattern, so the pair is likely going to test the 55 Moving Average in the coming hours. If a pullback from this line happens little later on, we could have another decline towards the nearest support at 1.1574 - 1.1560.

More:
[URL=https://fbs.com/analytics/articles/eur-usd-flag-pattern-4914]https://fbs.com/analytics/articles/eur-usd-flag-pattern-4914[/URL]

XAU/USD Daily Analytics
08:40 07.11.2017
Recommendation: SELL $1267 SL $1281 TP1 $1237 TP2 $1212

On the daily chart, XAU/USD keeps fighting for an important level of $1281 an ounce. If the bulls manage to leave the descending trend channel and settle above it, gold will get chance to get to $1299 and $1321. On the other hand, bears’ victory will increase the odds of the pair getting to 78.6% and 200% of Gartley pattern and AB=CD.



On H1, wait for formation of the wave 4-5 within the widening wedge. Decline below support at $1267 will signal downtrend’s resumption.



More:
[URL=https://fbs.com/analytics/articles/xau-usd-gold-is-painting-a-wedge-4915]https://fbs.com/analytics/articles/xau-usd-gold-is-painting-a-wedge-4915[/URL]