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    BITCOIN (BTC/USD) Daily Analytics
    01:56 22.01.2018

    The cryptocurrency continues to depreciate against the US dollar and still keeps intact the projections we have made in past reports. Technically speaking, the BTC/USD is finding support for the Fibonacci extension of 61.8% in 9.259. This has allowed to have relief in the short term and is waiting to resume the bearish trend.

    Fears regarding strict regulations for Bitcoin are still latent and the latest news about it does not favor BTC bulls. According to the latest reports, the government of India is beginning to send tax notices to the cryptocurrency traders. On the other hand, an introduced bill could force South Korean officials to declare their investments in this market.

    The Parabolic SAR on the H4 chart is calling for more losses in the Bitcoin because it remains below the 200-hour moving average, which continues to guide the path of the BTC/USD pair in the short term. In addition, the resistance of 23.6% continues to block the advance of the bulls, which produced the formation of an enveloping candlestick.

    What do we expect?

    According to our forecasts in the H4 chart, cryptocurrency still has enough traction to reach the goal of the 100% Fibonacci extension in 5,754, which would complete a cycle in the short term. The RSI remains in negative territory, which favors the falls in the BTC and which strengthens our hypothesis for the week ahead



    More:
    https://fbs.com/analytics/articles/b...extension-6359
    Last edited by riki143; 01-22-2018, 04:08 PM.

  • #2
    EUR/AUD Daily Analytics
    01:57 22.01.2018

    EUR/AUD remains trading around the Fibonacci zone of 61.8% at 1.5265, at which it’s expecting to find a strong rebound in order to allow further gains across the board. The ongoing consolidation could strengthen such bias and if it manages to break once again above the 200 SMA at H1 chart, the next short-term target would be the -23.6% Fibonacci level at 1.5514.

    RSI indicator remains in the negative territory, but it’s close to the neutral territory.



    More:
    https://fbs.com/analytics/articles/e...d-support-6360
    Last edited by riki143; 01-22-2018, 04:10 PM.

    Comment


    • #3
      EUR/USD: WAVE (II) IS ABOUT TO END
      08:40 22.01.2018



      There's a pullback from 4/8 MM Level, so wave [iv] might have been formed. Therefore, there's an opportunity to have wave [v] of 5 in the short term. The main bullish target is 6/8 MM Level, which could be a departure point for a downward correction.



      The price is consolidating above 8/8 MM Level. It's likely that wave (ii) is about to end, so we're going to have wave (iii) of [v] pretty soon. Also, if the price goes through +2/8 MM Level, the Murray Math indication will be updated.

      More:
      https://goo.gl/htbLCw

      Comment


      • #4
        WTI OIL ANALYSIS: SUPPORTED AROUND 62.90
        14:24 22.01.2018

        https://www.youtube.com/watch?v=b4TyBtNW7l0

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        More:
        https://goo.gl/upgNVg

        Comment


        • #5
          XAU/USD Daily Analytics
          07:06 23.01.2018
          Recommendation:

          SELL $1324 SL $1339 TP1 $1302 TP2 $1280

          BUY $1344 SL $1329 TP $1359 TP2 $1380 TP3 $1392

          On the daily chart, if XAU/USD renews January high, the risks of its going to 127.2% target of AB=CD will increase. The nearest levels of support are at $1324 and $1302-1306 an ounce.



          On H1, XAU/USD consolidated in the $1324-1344 range. A break of its upper border will trigger AB=CD pattern with a target at 161.8%. On the other hand, successful test of support at $1324 will increase the risks of a correction.



          More:
          https://fbs.com/analytics/articles/x...-corridor-6397









          Comment


          • #6
            USD/CAD Daily Analytics
            07:15 23.01.2018
            Recommendation:

            BUY 1.251 SL 1.2455 TP1 1.264 TP2 1.28 TP3 1.2855

            SELL 1.2375 SL 1.243 TP1 1.2275 TP2 1.22 TP3 1.2125

            On the daily chart, USD/CAD keeps fighting for an important level of 1.2462. Near it the pair formed a triangle. The break of it will either allow bulls to count on the pair’s return to resistance at 1.2670 or, on the other hand, increase the risks of the bearish trend’s resumption.



            On H1, USD/CAD there is a “Spike and ledge” pattern. A successful test of the upper or lower border of the 1.2375-1.2510 consolidation range will create grounds for a “Bat” pattern or AB=CD.



            More:
            https://fbs.com/analytics/articles/u...Riki_Analytics

            Comment


            • #7
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              Comment


              • #8
                GBP/USD Daily Analytics
                06:47 24.01.2018
                Recommendation:

                BUY 1.3935

                SL 1.388

                TP1 1.405 TP2 1.415 TP3 1.425

                On the daily chart, GBP/USD is trading in an uptrend. The pair reached 161.8% of the AB=CD pattern. This increases the possibility of a pullback. On the other hand, a successful test of resistance at 1.4050 will allow talking about the continuation towards the convergence area of 1.4250-1.2495.



                On H1, there’s a “Spike and reversal with acceleration pattern”. A break of support at 1.3935 will create grounds for correction to 1.3815 and 1.3745. At these levels, buyers will become more active.



                More:
                https://fbs.com/analytics/articles/g...g-targets-6427

                Comment


                • #9
                  WHAT TO EXPECT FROM THE ECB MEETING?
                  08:37 25.01.2018

                  Today we are waiting for the news from the European Central Bank. The ECB press conference will be held at 15:30 MT time.

                  It is worth to say that last time in December the ECB left its monetary policy unchanged. So let’s see what we can expect from this meeting.

                  Most of the economists suppose that the ECB will not change the monetary policy again because of an obstacle - the continuing quantitative easing that it promised to hold until September 2018. However, we can say that this time the most interesting part of the conference is not interest rates, but comments of the bank President. First of all, Mario Draghi will face a huge number of questions over how fast the central bank is going to change its policy. Secondly, his address and comments will affect the EUR/USD pair. The pair was rising since the beginning of 2017 and recently achieved a new 3-year high. Such growth creates worries for the ECB because continuing rise of the currency is not good for the economy. That is why the ECB should gradually shift its stance to avoid a more destructive move in the future. And it is what economists are waiting from Draghi, they expect him to announce gradual policy changes. Although no one expects immediate changes in the ECB policy, traders will pay a lot of attention to the speech of the President. During the conference, the single currency will be vulnerable.

                  As for numbers, analysts from Danske Bank forecast the fall of the single currency to 1.20 in short-term, but not lower. However, it is expected to surge to 1.28 by the end of the year, if only inflation will grow to 2%.

                  So we can say that the ECB monetary policy will likely stay stable but the conference will affect the EUR/USD pair a lot. Considering future, economists are looking for policy changes in March/April meetings.

                  More forecasts on EUR/USD rate you can find

                  More:
                  https://fbs.com/analytics/articles/w...b-meeting-6451

                  Comment


                  • #10
                    WHY THE DOLLAR FELL SO LOW?
                    11:29 25.01.2018
                    We are seeing the fall of the US dollar since the end of December 2017, but US Treasury secretaries preferred to say little about it until this Wednesday.

                    The US made the biggest fall since December 2014 when the Treasury Secretary Steven Mnuchin claimed on Wednesday that “a weaker dollar is good for us as it relates to trade”. The Secretary made his comment in Davos, Switzerland during the World Economic Forum, where a lot of people are waiting for the Donald Trump’s address

                    What did he really say? Mnuchin said that a cheaper dollar increases export demand. And he is right. Mnuchin claimed that the US wants fair economic competition and reciprocal trade. Tax cuts make the US more attractive for investments. He believes that where the dollar is in short-term reflects a very liquid market, but the long-term level will support the strength of the economy.

                    However, despite positive comments about the US policy, the market reacted to the confirmation of dollar weakness and the dollar fell losing 0.8% against the Euro.



                    But we cannot say that Mnuchin’s words were crucial for the USD. We should not forget that overseas economic growth and shifting perceptions of monetary policy have been causing the dollar weakness as well. So the fall was expected but maybe not at such rate.

                    Summing up the Secretary’s statement, we can suppose that the US will not act to strengthen the dollar now. However, it is important to remember that depreciation adds pressure on inflation. So the Fed will have to take it under control. But if inflation rises, the Fed will have to tighten its monetary policy and it will change the US dollar rate.

                    More:
                    https://fbs.com/analytics/articles/w...Riki_Analytics

                    Comment


                    • #11
                      EUR/USD Daily Analytics
                      06:07 26.01.2018
                      Technical levels: support – 1.2370; resistance – 1.2460, 1.2530.

                      Trade recommendations:

                      Buy — 1.2420/30; SL — 1.2400; TP1 — 1.2460; TP2 — 1.2530
                      Reason: bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen; the prices are reached new highs and corrected to local support of Kijun-sen.



                      More:
                      https://fbs.com/analytics/articles/e...Riki_Analytics

                      Comment


                      • #12
                        GBP/USD Daily Analytics
                        11:47 26.01.2018



                        Bulls faced with resistance at 1.4331, so there's a "Double Top" pattern. Nevertheless, the market is likely going to achieve the next resistance at 1.4386 - 1.4433 soon. If a pullback from this area happens, we could have a bearish correction.



                        The 55 Moving Average has acted as support, so the price is consolidating. In this case, we should keep an eye on the closest support at 1.4129. Meanwhile, if we have a pullback from this level, there'll be an opportunity to have a bullish price movement towards the next resistance at 1.4327 - 1.4344.

                        More:
                        https://fbs.com/analytics/articles/g...Riki_Analytics

                        Comment


                        • #13
                          GOLD ANALYSIS: IT'S TIME FOR THE BULLS
                          19:00 28.01.2018

                          https://www.youtube.com/watch?v=anRN8Owvtj0


                          More:
                          https://goo.gl/WW5FWz

                          Comment


                          • #14
                            EUR/USD Daily Analytics
                            06:04 29.01.2018
                            Technical levels: support – 1.2370; resistance – 1.2460, 1.2530.

                            Trade recommendations:

                            Buy — 1.2420/30; SL — 1.2400; TP1 — 1.2460; TP2 — 1.2530
                            Reason: bullish Ichimoku Cloud, with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices are returned into channel Tenkan-Kijun and supported by Kijun-sen.



                            More:
                            https://fbs.com/analytics/articles/e...Riki_Analytics

                            Comment


                            • #15
                              GBP/USD Daily Analytics
                              06:05 29.01.2018
                              Technical levels: support – 1.4130; resistance – 1.4210.

                              Trade recommendations:

                              Buy — 1.4140; SL — 1.4120; TP1 — 1.4210; TP2 — 1.4270.
                              Reason: bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; a market returned into channel Tenakn-Kijun and may bounced from Kijun-sen to the positive area.



                              More:
                              https://fbs.com/analytics/articles/g...Riki_Analytics

                              Comment

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