FBSAnalytics

FBSAnalytics

USD/JPY rose to the resistance of the 50-week MA at 106.00. The pair is not at the resistance line since the end of December. This is the third time the price comes to this level. As a result, a correction to the downside is likely. The decline below support at 105.85 will open the way down to 105.60 (200-day MA). The further fall will make the pair vulnerable for...

FBSAnalytics

GBP/USD has lost bullish momentum. The pair has tested the highest levels since April 2018 this week, but the W1 chart shows the declining Awesome Oscillator and, on the D1, the price went too far away from the key Moving Averages. The level of 23.6% Fibonacci retracement at 1.3795 is in the focus on the H4. The next level to watch on the downside is 1.3755. ...

FBSAnalytics

USD/CAD reversed down from 1.2865 last week and formed a candlestick with a long upper wick on the W1. On the D1, it was limited by the declining 50-day MA and formed a big candlestick yesterday that signals that sellers have the power to pull the prices lower. The decline below the support at 1.2680 will open the way down to 1.2650. If the US dollar recovers...

FBSAnalytics

EUR/JPY rebounded from the 123.00 level on the H4. The pair formed a “piercing line” pattern. A return above the 50-period MA will allow the price to recover to 123.50 and 123.70 (resistance line going through the recent highs). Sell trades will become reasoned only below 123.00 (targeting 122.50). Trade idea for EUR/JPY BUY 123.30; TP 123.70; SL 123.15 FX:EURJPY

FBSAnalytics

XAU/USD has moved this week in line with its short-term uptrend and the overall long-term uptrend reaching $1 865. It’s only natural that the price made a stop: market players decided to take profit, so gold returned to $1 850. The precious metal is obviously overbought in the short-term, so there are reasons to expect at least a moderate correction to $1 838.50...

FBSAnalytics

USD/CAD is consolidating after breaking above the bearish “wedge”. The pair has bullish dynamics since the start of June. However, it ran into the resistance of the 200-period MA on the H4. As a result, bullish trades will become preferable only if the pair breaks above the previous high at 1.3715. Otherwise, the price will retest June support line in the 1.3600...

FBSAnalytics

USD/CHF has made an impressive movement to the downside. The pair has closed on Wednesday below the 61.8% Fibonacci retracement in the 0.9455 area. The next Fibo level lies at 0.9340. On the W1 and the D1, there’s potential for further downside. On the H4, the pair looks a bit oversold, so that bull may initiate a correction. Resistance will lie at 0.9455 and...

FBSAnalytics

Recommendation: SELL 1.1625 SL 1.1680 TP1 1.1525 TP2 1.14 TP3 1.1295

FBSAnalytics

FX:GBPUSD SELL 1.3340 SL 1.3395 TP1 1.3255 TP2 1.324 TP3 1.3225 On the daily chart of GBP/USD, the “Double top” is transforming into 5-0. The inability of bulls to get above resistance at 23.6% of the wave CD and return to the 1.3455-1.3615 consolidation range points at their weakness. To develop correction to the long-term uptrend, bears need to renew May low....