FBSAnalytics

FBSAnalytics

Trade: Long Target 1: $1.4 Target 2: $1.6 Target 3: $1.9 Target 4: $4.1 It looks like a fractal appears on the XRP logarithmic chart. Stage 1. In December 2020 and February 2021 we have seen two highs. Stage 2. In March 2021 the price has been slowly moving to the resistance level. Stage 3. In April 2021 the price exploded by 200%. Right now we can...

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Trade: Long Target: $5000 - $5100 range Crypto rally paused, which is a good time to make some purchases. Ethereum is consolidating in this falling wedge with the main support at $4650 . As we can notice at the RSI and MACD charts the asset is still kinda "overbought" compared to previous lows, that's why one more tiny correction is expected. Buy range is...

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Trade: short Target: $4.85 - $4.75 range Russian President Vladimir Putin instructed Gazprom to increase supplies to the company's storage facilities in Europe. This announcement of the Russian President pressed gas prices. XNG/USD has formed a "head-with-shoulders" pattern. The price is about to break through the neckline. After the breakout, we expect a tiny...

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Trade: Short Target 1: 1.353 Target 2: 1.343 A higher than expected inflation rate in the United States boosted the US dollar . Let's make a technical analysis of GBP/USD and decide where targets are. On the 4H chart, we can notice two bearish signs. 1) Potential head with shoulders pattern. 2) Declining triangle on the RSI You might open a short trade...

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Trade: long Target 1: 4540 Target 2: 4700 We have already posted our thoughts about the economic situation in the United States in our NASDAQ overview - Technical analysis On the pre-market S&P500 dropped to 4320, but got bought right away. It looks like the price is forming the head-and-shoulders pattern. Look for the shoulder line breakout as it will be a...

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Trade: long Local target: 15400 Global Target: 16300-16500 The US stock market corrected as investors were concerned about tapering and key rate potential increase. As the famous saying goes "buy the rumors. sell the news". The community got information about tapering, the risk of default caused by exceeding the national debt limit is gone and the new year...

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Trade: Long Target 1: 0.866 Target 2: 0.872 Target 3: 0.887 It looks like the same thing happens here on EUR/GBP chart for the third time. We can see how the price is consolidating in the "buy zone", while the RSI is slightly going up. The previous two times these consolidations were followed by a pump and we do not believe this case will be an...

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Trade: Long Global target: 150 Local target 1: 133.5 Local target 2: 136.5 On the global chart EUR/JPY broke through the resistance trend line and at the moment it is consolidating right above it. It is a big sign of an upcoming explosion with the target at 150. Locally, we can see that the price is testing the resistance area, and after a breakout, it will...

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Trade: long Target 1.183 EUR/USD is trading in the declining channel. The currency pair came to the most significant support level of 1.15 with the bullish divergence on the RSI chart. The RSI oscillator also shows that the pair is in the oversold zone. We expect a pullback to happen soon. After October 8th Non-Farm Payrolls announcement the price can touch...

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1st buy zone: $330 2nd buy zone: $300 Target: $470 Facebook is moving in the rising channel. It broke through the median line and heads toward the bottom one as the price corrects after it got rejected from the 1 Fibonacci Extention level ($384). At the moment it is in the 4th wave of Elliot Wave Theory, which will be finished at either $330 or $300 level....

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1st idea: Short Target: $132 2nd idea: Buy at $132 Target: $150, $180 The Chinese stock market still does not show any signs of an upcoming recovery. Nevertheless, we do believe that the correction might be over pretty soon. As for Alibaba stock, it dropped out of the global rising channel it usually moves into and even broke through the median line of the...

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Trade: Short Target 1: $37 600 Target 2: $30 000 Chinese regulator announced that all operations with crypto are prohibited on the Chinese territory. And we are not surprised that Bitcoin dropped right after! It looked like the market decided which way it would like to go a while ago and it was just waiting for the right trigger. As you can see on the screen...

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Trade: USD/*** - short, ***/USD - long The target for US dollar index: 90.56 We found out that the US dollar index price and RSI show the same "pattern" as Bitcoin did at the beginning of 2021. Actually, it looks like this "pattern" appears on many charts nowadays, and usually, it works equally every time. Here is how this construction looks like: during an...

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Trade: Short (after the breakout) Target 1: $69.5 Brent price broke a global declining trend in 2021. We expect Brent's price to reach at least 80$ in the middle term, but before that, it needs to cool down a little. The price is moving in the declining channel and at the moment we expect it to reach the middle line of the channel at the $69-$70 range, as...

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Trade: Long Closest target: $1837 Gold closed the day of September 16th under the $1764 . Locally, when the price dropped under this level it reached the next support level of $1685 shortly. But right now it looks like buyers are interested in the safe-haven assets as they are trying to push the price back to above $1764 . If Gold closes the Friday trading...

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Trade idea: long Target: 0.935 The price is testing the 0.924-0.926 resistance range. After the breakout, we will see a pump to 0.935 and 0.944 levels. On the other hand, if buyers lose initiative and the price breaks through the blue support line, USDCHF might drop to the closest support level at 0.904 .

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Trade idea: Short Target: 4080 The price dropped and met its support on the 50-day moving average. There are several factors, why we suppose that it is the beginning of the US stock market correction. S&P500 fell out of the rising wedge it has been forming since October 2020 for the first time. SPX couldn't reach the upper border of the wedge since May...

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The current situation on BTC/USDT chart looks like the previous price movement. In May 2021 Bitcoin showed massive growth accompanied by the RSI divergence, later in dropped and consolidated in the declining channel. After the price broke through the upper border of the channel BTC exploded. Since the end of July, Bitcoin gained and the RSI divergence appeared...