Trade signals from FBS

[Rohit07]

AUD/USD is looking down

14.11.2019

Trade ideas
SELL 0.6790; TP1 0.6770; TP2 0.0.6730; SL 0.6805

The Asian trading session on Thursday wasn’t kind to the AUD: Australia released weak labor figures and investors got worried about the prospects of the trade deal between the United States and China. AUD/USD that has settled below the 100-day MA in the 0.6840 area. The pair is currently testing the 50% Fibo retracement level of the October advance around 0.6800. The loss of this support will lead the price down to 0.6770 (61.8% Fibo) and 0.6725 (78.6% Fibo). Resistance lies at 0.6815 (200-period MA on H4) and 0.6830/40.
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https://fbs.com/analytics/articles/a...ytics_roleclub

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[Rohit07]

15.11.2019

AUD/JPY needs to decide

Trade ideas


SELL 73.25; TP1 72.80; TP2 72.20; SL 73.40


BUY 74.00; TP 74.45; SL 73.85


AUD/JPY has reached the support line connecting August and October lows in the 73.30 area. Now the pair will have to decide, which trend it’s going to continue: the long-term downtrend or a shorter-term uptrend. In the first case, the initial targets will lie at 72.80 and 72.15 (50% and 61.8% of the August-November advance). If the support holds and the price returns above the 50- and 100-day MAs, a break above 73.95 will allow it to rise to74.50 (September highs).
For more-
https://fbs.com/analytics/articles/a...ytics_roleclub

[Rohit07]

XAU/USD: a short-term trade

18.11.2019

Trade idea


SELL 1,460; TP 1,451; SL 1,463


Last week XAU/USD recovered 38.2% of the November decline. However, the advance of gold was limited by the declining 50-period MA on the H4: the price made two attempts to overcome this area and all of them failed. The price formed a lower high and the price action strongly resembles a “Head and Shoulders” pattern. The decline below $1,460 will open the way down to the $1,450 area, according to the size of the pattern. An advance above $1,468 is needed for buyers to return to power.
For more-https://fbs.com/analytics/articles/g...ytics_roleclub

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[Rohit07]

EUR/CAD is ready for a move


Trade ideas


BUY 1.4730; TP 1.4830; SL 1.4710


SELL 1.4690; TP 1.4650; SL 1.4705


EUR/CAD has formed a couple of higher lows since October. The pair has managed to overcome the 50- and the 100-day MAs at 1.4588 and 1.4640 respectively. It approached the highs of September and October in the 1.4720 area. A break above this resistance zone will lead the price to a higher range and open the way up to 1.4835/55 (200-day MA, 200-week MA). On the downside, a return below 1.4700 will open the way down to 1.4640. The pair may experience volatility on Wednesday due to the release of inflation figures in Canada at 15:30 MT time.
For more-
https://fbs.com/analytics/articles/e...ytics_roleclub

[Rossa]

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[Rohit07]

GBP/CAD is insatiable


Trade idea


BUY 1.7230; TP 1.7280; SL 1.7215


GBP/CAD has been rising since the start of September. In November, it has broken above the ascending triangle, which is now providing support in the 1.7100/1.7060 area. This week the price is above the 100- and 200-week MAs at 1.71 and 1.7155 respectively. The weekly candlestick hasn’t closed yet, so there are reasons to worry that the breakout to the upside is a false one.


At the same time, there’s still some space on the upside until GBP/CAD hits the next major resistance: there’s a 100-month MA at 1.7285 and the 78.6% Fibo retracement of the May-August decline at 1.7335. These levels may attract the market. As a result, short-term buying with there targets looks possible. It will be necessary to be careful, though, when the price reaches the resistance and consider selling if signals from price action like pin bars arrive at this point.
For more-
https://fbs.com/analytics/articles/g...ytics_roleclub

[Rohit07]

The stock Netflix is gaining


Trade idea


BUY 312; TP 318; SL 310


The stock of Netflix has so far shown positive dynamics. This week, the price has managed to rise above the 100-day MA at the psychological level of $300.00, the 38.2% Fibo retracement of the July-September decline and the October high at $308.57. The natural level to target on the upside is the 50% Fibo mark at $318.50. The previous resistance levels will now act as support.
For more-
https://fbs.com/analytics/articles/t...ytics_roleclub

[Rohit07]

USD/CHF awaits the news

27.11.2019

Trade ideas




SELL 0.9965; TP1 0.9947; TP2 0.9930; SL 0.9975


BUY 1.0005; TP 1.0030; SL 0.9990


The USD is awaiting American economic figures that are due later today (preliminary GDP growth, durable goods orders, core PCE price index, personal spending, and Chicago PMI). The figures may bring some volatility to USD/CHF.


For the past couple of days, USD/CHF has been consolidating below the resistance line that connects the highs of October and November in the 0.9990 area. Notice that this is just below the 1.0000 mark - the parity level that naturally represents a considerable obstacle for buyers. In addition, the price has reached the upper Bollinger Band on the D1 and the Stochastic Oscillator is in the overbought area. This too should make the advance more difficult. On the downside, support has been around 0.9965. The decline below this level will open the way down to 0.9947 (200-day MA). Earlier this line didn't manage to hold the price action. The next levels to watch on the downside are at 0.9927 and 0.9885 (the 50- and the 100-day MAs respectively). Such a scenario will come into play if the market risk sentiment worsens.


If the United States and China keep moving towards a phase 1 trade deal and America releases decent economic data, USD/CHF may try for a break of resistance. If the pair settles above 1.0000, the new bullish targets will be at 1.0030 (October high) and 1.0050.
For more-https://bit.ly/2XPxy7w