FBS Analytics

2024-01-12 14:20:22 XAUUSD is bullish!

XAUUSD is showing confident upward dynamics after forming a bullish flag pattern. The price position above the moving averages emphasizes the predominant dominance of buyers.

Trade: Buy XAUUSD;
Targets: 2060.00, 2070.00, 2080.00.

Smash if you are bullish on XAUUSD!

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@fbsanalytics Open / Comment

2024-01-12 12:31:25 EURUSD Outlook!

On the H1, EURUSD has formed a narrow ascending channel, within which the price recently bounced off the resistance level, which makes two scenarios possible.

If EURUSD breaks above 1.0986, the price may overcome the trend line and reach 1.1028
But if the price breaks below the support at 1.0959, it will fall to the lower channel boundary at 1.0940

Are you bullish or bearish on EURUSD? Share in the comments

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@fbsanalytics Open / Comment

2024-01-11 18:41:25 That feeling when a trading idea worked after the release of the CPI...

Hit if you traded it with FBS analysts!

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@fbsanalytics Open / Comment

2024-01-11 18:10:19 ​#education

One of the keys to success in trading is to use trading indicators to identify entry and exit points. Here are three indicator combos that you should try using together:

EMAs + MACD.
EMA is for trend indication, and the MACD is for market momentum. When you combine them, you get a powerful tool for trading! For example, it could be a good time to buy if the EMAs show an uptrend and the MACD is crossing above its signal line.

MA + RSI.
Combining these two indicators allows you to search for perfect trend trades. If the price touches the MA from above and the RSI is below 30 (oversold zone), traders enter the Buy trade. Also, you can seek reversals with RSI.

MA + ATR.
ATR, or Average True Range, is a volatility indicator that can help you identify the range of price movement. The best way to find an entry point is to use 9 and 21 MAs’ crossover. ATR will help you to set and adjust your Stop Loss.

Combine different trading indicators, and get a more comprehensive view of market trends. Try using these indicator combos together and see if they work for you!

Would you like to learn more about indicators? Open / Comment

2024-01-11 17:13:40 XAUUSD Alert!

On the H1, XAUUSD is moving within the descending channel, and the price recently bounced off the upper trend line, which may signal a continuation of the downward movement.

Trade: Sell XAUUSD on a breakout below 2021.00
TP1: 2010.00
TP2: 2000.00

Smash if you agree! Support other traders!

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@fbsanalytics Open / Comment

2024-01-11 16:31:23 US inflation release

Monthly CPI
Actual — 0.3%
Forecast — 0.2%
Previous — 0.1%

Annual CPI
Actual — 3.4%
Forecast — 3.2%
Previous — 3.1%

Monthly Core CPI
Actual — 0.3%
Forecast — 0.3%
Previous — 0.3%

Unemployment Claims
Actual — 202K
Forecast — 209K
Previous — 202K

USD is rising! Are you in? Open / Comment

2024-01-08 10:50:46 Greetings, fellow traders! Welcome to a brand new week, starting this Monday! Let's dive into today's key news and upcoming events!

Economic calendar

The time zone is GMT+2. Check your time zone here: https://www.timeanddate.com/time/map/

Monday
EUR 12:00, Retail Sales m/m
USD 22:00, Consumer Credit m/m

Tuesday
JPY 1:30, Tokyo Core CPI y/y
AUD 2:30, Retail Sales m/m
CHF 10:00, Foreign Currency Reserves

Wednesday
AUD 2:30, CPI y/y
GBP 16:15, BOE Gov Bailey Speaks

Thursday
USD 15:30, Core CPI m/m
USD 15:30, CPI y/y
USD 15:30, Unemployment Claims

Friday
CNY 3:30, CPI y/y
GBP 9:00, GDP m/m
USD 15:30, PPI m/m

News to keep you updated:

Saudi Arabia has lowered selling prices for its crude for February for Asia, Europe, and the United States. Wall Street begins to reduce forecasts for oil prices in 2024 actively. Tight banks expect non-OPEC+ countries to increase supply in the market.

Asian stock indices fell due to an unexpected increase in the number of non-farm payrolls in the US, which led to a revision of expectations of interest rate cuts in the US and concerns about upcoming inflation reports.

German industrial orders rose 0.3% in November, weaker than forecasts.

The US Congress agreed on the government's budget for fiscal year 2024. Budget expenditures are envisaged at $1.59 trillion, which is proposed to allocate $886 billion for defense.

Gold prices are falling as markets doubt an interest rate cut is imminent.

On its investor website, the SEC urges investors to refrain from chasing the markets when investing in crypto. Market participants noted that this call came on the eve of the anticipated approval of spot BTC-ETFs.

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

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@fbsanalytics Open / Comment

2024-01-07 13:03:00 ​​#education

Happy weekend, guys!

Today, we will discuss the single most overlooked component of trading.

Trading in the financial markets is a complex and challenging process that requires a deep understanding of various components. While traders often focus on indicators, technical analysis, market trends, portfolio management, etc., to make profitable trades, one essential trading component often gets ignored – time.

Would you like to know more? You'll be able to read here Open / Comment

2024-01-05 18:13:00 All eyes on XAUUSD!

The price is flying toward the resistance trendline.

If XAUUSD overcomes this trendline, it will move to 2073.00 and 2078.00.
If XAUUSD bounces off the trendline, you can sell it with targets at 2058.00 and 2049.00.

Do you expect gold to move higher today?

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@fbsanalytics Open / Comment

2024-01-05 17:10:14 EURUSD is bullish!

The price bounced off the support trendline and the 1.0890 level. The pair is about to form a double-bottom pattern.

Trade: Buy EURUSD;
Targets: 1.0970, 1.1005, 1.1040, 1.1080.

Smash if you are bullish on EURUSD!

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@fbsanalytics Open / Comment