FBS Analytics

#education

🛠 Mastering the top few chart patterns can make all the difference in your trading journey!

👁 Our top three essentials are head and Shoulders, Double Tops, and Triangles.

💬 Share your favorites in the comments, and don’t forget to check our Forex Guide Book for other key chart patterns:

📖 Read more

#TradeIdea

👉💡▶️⏩BTCUSD Update!

💰 BTCUSD is in a downtrend after reaching an all-time high. Bitcoin tests the trend line, creating two possible scenarios.

🔼 If BTCUSD breaks above the trendline and rises above 63000, the upside target would be 65000;
🔽 A rebound from the trendline and a drop below 62000 would send the major cryptocurrency down to 60000;

❓ What are your expectations for the crypto market? Share your opinion in the comments🔽

➡️ TRADE WITH FBS
@fbsanalytics

#TradeIdea

👉💡▶️⏩XAGUSD Outlook!

🥈 XAGUSD is currently navigating the symmetrical triangle, sandwiched between 28.50 resistance and 28.20 support levels.

🔼 If XAGUSD breaks the resistance of 28.50, the upside is expected to reach the 29.00 level;
🔽 However, if silver breaches below 28.20 support, it will retreat to 27.80 and 27.30 levels.

❓ Are you bullish or bearish on XAGUSD? Share your thoughts in the comments. 💬

➡️ TRADE WITH FBS
@fbsanalytics

#TradeIdea

👉🥇🇻🇦🚀👈XAUUSD Looks Bullish!

☄️ After updating the historical record, XAUUSD bounced and fell to the trend line, but the price has risen again.
Given that the indicators signal bullish sentiment, we can expect a rise.

🔼 Trade: Buy XAUUSD on a breakout above 2380;
🎯 TP: 2400;

Smash ❤️ if you are bullish on XAUUSD!

➡️ TRADE WITH FBS
@fbsanalytics

#MarketNews

🌤 Happy Thursday, dear traders! Let's check the news moving the financial markets today:

☄️ Persistent high inflation in the US, driven by strong economic and labor market resilience, prompts the Federal Reserve to maintain elevated borrowing costs, influenced by rising housing, insurance, and commodity prices.

🛢 Oil prices held steady despite a sharp drop, influenced by rising US stockpiles and geopolitical tensions, with Brent trading below $88 a barrel after a 3% decline.

⚡️ Global stocks and Asian currencies rallied as a joint statement from the US, Japan, and South Korea addressed currency turbulence, restoring confidence in the financial markets.

🚗 European car sales dropped 2.8% in March, particularly impacting electric vehicle demand as Germany, Sweden, and Norway saw EV registrations decline due to reduced subsidies.

🔥 Tesla seeks shareholder approval to reinstate Elon Musk's $56 billion compensation package, which a Delaware court previously voided, and to relocate its incorporation to Texas.

🧨Rystad Energy predicts that gas prices in Asia could skyrocket tenfold if Iran closes the Strait of Hormuz.

🇦🇺 The Australian dollar strengthened due to employment data and a weakening US dollar, despite rising unemployment and falling US Treasury yields.

💬 Nobel economist Esther Duflo advocates for a global climate tax on billionaires, raising $500 billion annually and help poorer nations combat climate change's effects.

👀 The Economist: Interest rates in America are unlikely to fall this year, posing challenges for financial markets and the global economy.

That's it for today, guys! Click on 🔥if you liked our review, and see you soon!

➡️ TRADE WITH FBS
@fbsanalytics

#TradeIdea

👉🇻🇦🇯🇵👈All Eyes on USDJPY!

👀 On the H1, USDJPY formed an ascending channel pattern, but now the price has reached 361.8 Fibonacci resistance and is consolidating.

🔼 If the bulls can push the price above the 154.800 resistance, it will open the way for a rise to 155.900;
🔽 However, if USDJPY bounces off the resistance and breaks the trend line, it will fly down to 153.700 support;

❓ Are you on the bullish or bearish side? Share your opinion in the comments👇

➡️ TRADE WITH FBS
@fbsanalytics

#TradeIdea

👉🇻🇦🇨🇦👈USDCAD Outlook!

☄️ USDCAD is moving within an ascending channel, testing the crucial support level at 1.3800. Two potential scenarios could unfold:

🔼 A rebound from the support zone could propel the asset toward 1.3850;
🔽 Conversely, breaking below the 1.3800 mark could open a path to 1.3780 and even 1.3740.

❓Are you bullish or bearish on USDCAD? Share your thoughts in the comments.👇

➡️ TRADE WITH FBS
@fbsanalytics

#TradeIdea

👉🇪🇺🇻🇦👈EURUSD Update!

💸 The EURUSD pair fell heavily after the strengthening of the dollar, but now the price is consolidating and preparing to test the resistance, which was previously a support.

🔼 If the price breaks above the resistance at 1.0640, it could jump to 1.0700;
🔽 A rebound from the resistance will bring EURUSD down to 1.0600;

💬 Are you buying or selling EURUSD? Share your opinion with other traders in the comments👇

➡️ TRADE WITH FBS
@fbsanalytics

#TradeIdea

👉💵🇻🇦👈XBRUSD Outlook!

⚡️ XBRUSD is currently testing the 38.2 Fibonacci ratio aligned with the 88.90 support zone. Breaking out of this range could lead in two directions:

🔼 A rebound from the support and breaching above the trendline target of 90.40;
🔽 Conversely, a decline below the 38.2 Fibonacci and 88.90 support could send it down to 87.00.

❓Which side are you on—bullish or bearish?

➡️ TRADE WITH FBS
@fbsanalytics

#MarketNews

👋 Hello, dear traders! Today is Wednesday, April 17, 2024. It is time to explore what is happening in today's financial world:

🇪🇺 Lagarde: The ECB needs more time and data before deciding on potential rate cuts. There is no comment on whether there will be two or three cuts this year. Stable 2% inflation is forecasted by Q2 2025.

🔥 As reported by BBG, European gas futures have rebounded entirely from their losses since the start of 2024, with geopolitical factors playing a role. Currently, XNGUSD stands at 1.913.

📈 US government bond yields have hit their highest level since November, driven by the IMF's forecast of a stronger US economy.

🇨🇳 Following Morgan and Citi, Societe Generale has raised its GDP growth forecast for China in 2024 to +5% from +4.7%. This comes as the HK50 dropped to 16180.

🇺🇸 Powell stated that recent data show no progress in curbing inflation. He also noted that the Fed is prepared to maintain rates if inflation remains high.

💼 BofA's April survey indicates portfolio managers' optimism about the global economy despite inflationary and geopolitical risks, leading to reduced cash holdings and increased equity investments.

🛫 United Airlines reduced its first-quarter net loss by over a third and provided a strong forecast. As a result, #UAL shares rose by 5.18% to trade at $41.50.

🚗 Tesla has confirmed significant job cuts and the departure of a key senior executive. Tesla's capitalization has fallen below $500 billion. Tesla shares fell 2.7 percent to $157.02.

That's it for today, guys! Click on ❤️ if you liked our review, and see you soon!

➡️ TRADE WITH FBS
@fbsanalytics

🤔Would you like to open trades with a 50% spread discount? Or maybe accept weekly challenges and get cool branded gifts?

💥Download the all-in-one FBS app, enable notifications, and boost your trading experience!

➡️Learn more now: https://upgraded-app.fbs.com/

#TradeIdea

👉🇪🇺🇻🇦👈EURUSD Update!

💡 In the H2 timeframe, EURUSD recently rebounded from the trendline and a 1.0610 support level, faced resistance from the 50-MA.

🔼 A corrective bounce from 1.0610 could indicate bullish momentum towards 1.0730 resistance;
🔽 Conversely, breaking below the trendline may lead to a decline towards the 1.0500 support level.

🤔 What's your take on EURUSD today? Are you leaning bullish or bearish? 👇

➡️ TRADE WITH FBS
@fbsanalytics

#TradeIdea

👉💵🇻🇦👈XBRUSD Key Level!

📊 On the H1, XBRUSD has been moving sideways for a month now, and now the price has fallen back to the 89.00 support area. Williams' %R is signaling a significant oversold condition, so a rebound from the support is possible.

🔼 Trade: Buy XBRUSD
🎯 TP: 90.20

Smash 👍 if you're agree with the analysis!

➡️ TRADE WITH FBS
@fbsanalytics

#TradeIdea

👉🥇🇻🇦👈XAUUSD Analysis!

⭐️ On the H2 timeframe, XAUUSD is nearing the 2360 support line. Here are two possible scenarios:

🔼 A bounce from 2360 could drive prices up towards 2430.
🔽 Alternatively, a break below support may lead to a drop towards 2330 and the 38.2 Fibonacci level.

🐂🐻 What's your take? Bullish or bearish on XAUUSD? Let's hear your prediction! 💬

➡️ TRADE WITH FBS
@fbsanalytics