Hello, reader!
Welcome to FBS analytical channel – your guide to the world of Forex, metals & cryptocurrencies.
Here you will find:
✅ Market news
✅ Technical & fundamental analysis
✅ Trade signals
Good luck with your trading!
Welcome to FBS analytical channel – your guide to the world of Forex, metals & cryptocurrencies.
Here you will find:
✅ Market news
✅ Technical & fundamental analysis
✅ Trade signals
Good luck with your trading!
👍7
Behold the latest cryptocurrency news:
🔸 The legend of investing Warren Buffett once again said that cryptocurrencies are doomed. He is not the first, he won’t be the last.
🔸 News about the ban of cryptocurrency trading in South Korea turned out to be false. However, it affected the market capitalization, which changed by $100 billion. Plus, some risks for cryptos do exist: tax authorities of South Korea are investigating the main cryptocurrency exchangers.
🔸 Bitcoin Cash is strengthening. One of the blockchain observers, Block Explorer, announced that they are going to support BCash, and in future call it Bitcoin.
🔸 Chinese miners are looking for new locations abroad because of the possible ban for mining activity in their homeland. So Bitmain – the main producer of mining equipment – opened its office in Switzerland.
🔸 KodakCoin – a new cryptocurrency from that photo company – is rising. Canadian company Global Blockchain Technologies Corp. announced purchasing of the whole party of tokens for $2 million within the first round of pre-ICO.
🔸 Hopeful partnership: the international money transfer system MoneyGram and Ripple announced partnership. Earlier Ripple pledged to partner up with new three big money transfer systems.
🔸 Binance exchange registered records numbers of new users.
🔸 Japanese investment research firm and Bitcoin exchange operator Fisco is going to launch a cryptocurrency fund. This fund will invest more than $2.66 million in digital currencies.
🔸 Cryptocurrency Vibe rose by 400% in 24 hours on Wednesday. The live music-centric digital currency beat the price of Ripple.
The quotes of main cryptocurrencies:
Bitcoin 13888$ (🔺 1,57%)
Bitcoin Cash 2597$ (🔺 1,95%)
Ethereum 1264$ (🔺 5,5%)
Ripple 2,05$ (🔺 21.36%)
Litecoin 239.63$ (🔺 1.92%)
Dash 1038$ (🔺 2.28%)
@fbsanalytics
🔸 The legend of investing Warren Buffett once again said that cryptocurrencies are doomed. He is not the first, he won’t be the last.
🔸 News about the ban of cryptocurrency trading in South Korea turned out to be false. However, it affected the market capitalization, which changed by $100 billion. Plus, some risks for cryptos do exist: tax authorities of South Korea are investigating the main cryptocurrency exchangers.
🔸 Bitcoin Cash is strengthening. One of the blockchain observers, Block Explorer, announced that they are going to support BCash, and in future call it Bitcoin.
🔸 Chinese miners are looking for new locations abroad because of the possible ban for mining activity in their homeland. So Bitmain – the main producer of mining equipment – opened its office in Switzerland.
🔸 KodakCoin – a new cryptocurrency from that photo company – is rising. Canadian company Global Blockchain Technologies Corp. announced purchasing of the whole party of tokens for $2 million within the first round of pre-ICO.
🔸 Hopeful partnership: the international money transfer system MoneyGram and Ripple announced partnership. Earlier Ripple pledged to partner up with new three big money transfer systems.
🔸 Binance exchange registered records numbers of new users.
🔸 Japanese investment research firm and Bitcoin exchange operator Fisco is going to launch a cryptocurrency fund. This fund will invest more than $2.66 million in digital currencies.
🔸 Cryptocurrency Vibe rose by 400% in 24 hours on Wednesday. The live music-centric digital currency beat the price of Ripple.
The quotes of main cryptocurrencies:
Bitcoin 13888$ (🔺 1,57%)
Bitcoin Cash 2597$ (🔺 1,95%)
Ethereum 1264$ (🔺 5,5%)
Ripple 2,05$ (🔺 21.36%)
Litecoin 239.63$ (🔺 1.92%)
Dash 1038$ (🔺 2.28%)
@fbsanalytics
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FBS Analytics pinned «Hello, reader! Welcome to FBS analytical channel – your guide to the world of Forex, metals & cryptocurrencies. Here you will find: ✅ Market news ✅ Technical & fundamental analysis ✅ Trade signals Good luck with your trading!»
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📶 Coming up next: Bank of Canada’s meeting
The Bank of Canada will announce its interest rate decision at 17:00 MT time today. According to most forecasts, the central bank will raise Overnight Rate from 1.00% to 1.25%. Still, there’s always a possibility that economists are wrong. That’s why we outline 3 scenarios for trading USD/CAD today:
1⃣ – BOC raises the rate by 25 points but will diminish the importance of this decision. Such outcome will be more or less neutral for USD/CAD.
2⃣ – BOC raises the rate by 25 points and hints on further rate hikes in the near future. USD/CAD will go down to 1.2360 (next support: 1.2260).
2⃣ – BOC will keep the rate unchanged but announces plans to raise it in March. USD/CAD will jump towards 1.2500 in the short term.
The Bank of Canada will announce its interest rate decision at 17:00 MT time today. According to most forecasts, the central bank will raise Overnight Rate from 1.00% to 1.25%. Still, there’s always a possibility that economists are wrong. That’s why we outline 3 scenarios for trading USD/CAD today:
1⃣ – BOC raises the rate by 25 points but will diminish the importance of this decision. Such outcome will be more or less neutral for USD/CAD.
2⃣ – BOC raises the rate by 25 points and hints on further rate hikes in the near future. USD/CAD will go down to 1.2360 (next support: 1.2260).
2⃣ – BOC will keep the rate unchanged but announces plans to raise it in March. USD/CAD will jump towards 1.2500 in the short term.
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💹 Currency market: update for Jan. 18
🔸 EUR/USD fell this week after it failed to settle above 1.2300. There are first signs that the ECB is concerned with the euro’s strength. Watch at support in the 1.2200 area: it has been successfully holding for a while now. The next support is at 1.2110.
🔸 GBP/USD spiked to 1.3942 on Wednesday on the market’s positive sentiment, but then returned to 1.3800 as traders watch Brexit developments.
🔸 USD/JPY recovered from the long-term support line around 110.30 and got above 111.00. FBS analyst Ivan Karamazov shared this trade idea: buy at 112.10 with SL at 111.55 and TP at 113.00, 114.30 and 115.00.
🔸 AUD/USD is on the upside, but below Wednesday’s high at 0.8022. Australian labor market data came out mixed: employment growth exceeded expectations, but the unemployment rate went surprisingly up as well.
🔸 Chinese economic growth came out at 6.8% vs. the forecast of 6.7%.
🔸 USD/CAD formed a long-legged doji candle on Wednesday. The market is in the situation of indecision in the 1.2440 area. The BOC raised Overnight Rate to 1.25% but said that further rate hikes will be done with caution. The decision and announcement didn’t surprise the market.
🔸 Bitcoin remains under pressure after its spectacular decline. BTC/USD met resistance at $11,667 and then touched $10,530. Concerns about Bitcoin trading in Asian countries continue to drive the cryptocurrency down.
@fbsanalytics
🔸 EUR/USD fell this week after it failed to settle above 1.2300. There are first signs that the ECB is concerned with the euro’s strength. Watch at support in the 1.2200 area: it has been successfully holding for a while now. The next support is at 1.2110.
🔸 GBP/USD spiked to 1.3942 on Wednesday on the market’s positive sentiment, but then returned to 1.3800 as traders watch Brexit developments.
🔸 USD/JPY recovered from the long-term support line around 110.30 and got above 111.00. FBS analyst Ivan Karamazov shared this trade idea: buy at 112.10 with SL at 111.55 and TP at 113.00, 114.30 and 115.00.
🔸 AUD/USD is on the upside, but below Wednesday’s high at 0.8022. Australian labor market data came out mixed: employment growth exceeded expectations, but the unemployment rate went surprisingly up as well.
🔸 Chinese economic growth came out at 6.8% vs. the forecast of 6.7%.
🔸 USD/CAD formed a long-legged doji candle on Wednesday. The market is in the situation of indecision in the 1.2440 area. The BOC raised Overnight Rate to 1.25% but said that further rate hikes will be done with caution. The decision and announcement didn’t surprise the market.
🔸 Bitcoin remains under pressure after its spectacular decline. BTC/USD met resistance at $11,667 and then touched $10,530. Concerns about Bitcoin trading in Asian countries continue to drive the cryptocurrency down.
@fbsanalytics
FBS Analytics via @vote
Saxo Bank analyst Kay Van-Petersen expects Bitcoin to peak between $50,000 and $100,000 in 2018. Do you agree with this prediction?
anonymous poll
Yes, it will go sky-high – 37
👍👍👍👍👍👍👍 51%
No way! – 35
👍👍👍👍👍👍👍 49%
👥 72 people voted so far.
anonymous poll
Yes, it will go sky-high – 37
👍👍👍👍👍👍👍 51%
No way! – 35
👍👍👍👍👍👍👍 49%
👥 72 people voted so far.
USD/JPY: The 21 Moving Average has acted as resistance, so there's a "Shooting Star" pattern. In this case, we should keep an eye on the lower "Window" as the next bearish target. @fbsanalytics
GBP/USD: There's a developing bearish correction, so the market is likely to test support at 1.3834 during the day. Then bulls will probably try to push the pair up to 1.4011 - 1.4089. @fbsanalytics
🎦 A chance to get an overview of the market – we'll go live on Facebook at 16:00 MT time (in less than 3 hours): https://www.facebook.com/FBSanalytics/videos/1258598754274518/
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Join FBS expert for a live trading session! At this webinar, you will learn the basics of Elliott wave trading and get a package of relevant trade ideas for EUR, GBP, JPY, AUD, CAD, TRY, MXN and gold
Man does not live by Bitcoin alone – meet other interesting cryptocurrencies:
https://fbs.com/analytics/tips/alternatives-to-bitcoin-6432
https://fbs.com/analytics/tips/alternatives-to-bitcoin-6432
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The world of cryptocurrencies
What we know Ethereum, DASH and Litecoin.
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USD fell, but what’s with EUR?
American currency fell to 3-year low as Donald Trump’s top economic advisors spoke in favor of weaker USD at the World Economic Forum in Davos.
In the meantime, EUR/USD is awaiting the European Central Bank’s press conference at 15:30 MT time. Technically the euro is now overbought and already reached many bullish targets.
The pair will thus easily fall if ECB president Mario Draghi expresses concerns about the euro’s strength – such possibility is high. If, however, Draghi is optimistic about the European economy and doesn’t mention the euro, EUR/USD may bounce towards 1.2600 in the short-term (weaker USD will help).
American currency fell to 3-year low as Donald Trump’s top economic advisors spoke in favor of weaker USD at the World Economic Forum in Davos.
In the meantime, EUR/USD is awaiting the European Central Bank’s press conference at 15:30 MT time. Technically the euro is now overbought and already reached many bullish targets.
The pair will thus easily fall if ECB president Mario Draghi expresses concerns about the euro’s strength – such possibility is high. If, however, Draghi is optimistic about the European economy and doesn’t mention the euro, EUR/USD may bounce towards 1.2600 in the short-term (weaker USD will help).
EUR/USD approached 1.25 as Mario Draghi said that inflation will rise gradually. Volatility remains high and all may easily change!
Watch it live: https://www.ecb.europa.eu/home/html/index.en.html#
Watch it live: https://www.ecb.europa.eu/home/html/index.en.html#
FBS Analytics via @like
Trade signals for #eurusd
We have 2 trade ideas right now.
1. Idea from Ms. Tatyana Norkina
Buy — 1.2420/30; SL — 1.2400; TP1 — 1.2460; TP2 — 1.2530
Notice that the pair has already reached the first target. If you don’t have a positioned already opened, you might not want to enter now unless we return to the entry point.
2. Idea from Mr. Ivan Karamazov
Sell — 1.2360; SL — 1.2415; TP1 — 1.2305; TP2 — 1.2200
This is a pending order. If the euro meets resistance and reverses down, this will be a hot trade.
We have 2 trade ideas right now.
1. Idea from Ms. Tatyana Norkina
Buy — 1.2420/30; SL — 1.2400; TP1 — 1.2460; TP2 — 1.2530
Notice that the pair has already reached the first target. If you don’t have a positioned already opened, you might not want to enter now unless we return to the entry point.
2. Idea from Mr. Ivan Karamazov
Sell — 1.2360; SL — 1.2415; TP1 — 1.2305; TP2 — 1.2200
This is a pending order. If the euro meets resistance and reverses down, this will be a hot trade.