Wednesday, February 15, 2017

EUR/JPY Chart

Summary : Target Level : 121.5149
Target Period :
3 days

Analysis :
Triangle has broken through the resistance line at 14-Feb-17:00 2017 GMT. Possible bullish price movement forecast for the next 3 days towards 121.5149.

Supporting Indicators :
Upward sloping Moving Average

Resistance Levels :
( B ) 121.1255Last resistance turning point of Triangle.

Support Levels
( A ) 120.2185Last support turning point of Triangle.


Chart date range :
24-Jan-09:00 GMT-> 15-Feb-09:00 GMT
Data interval : 4 hour
RSI:34 Candles
MA:34 Candles

Monday, February 13, 2017

USD/CHF Chart

Summary : Target Level : 0.9937
Target Period :
2 days

Analysis :
Channel Up identified at 12-Feb-23:00 2017 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.9937 within the next 2 days.

Resistance Levels :
( B ) 1.0062Last resistance turning point of Channel Up.

Support Levels
( A ) 0.9937Last support turning point of Channel Up.


Chart date range :
01-Feb-16:00 GMT-> 13-Feb-06:00 GMT
Data interval : 1 hour
RSI:34 Candles
MA:34 Candles

Thursday, February 9, 2017

Gold has posted losses on Thursday

Gold has posted losses on Thursday, erasing the gains seen in the Wednesday session. In North American trade, the spot price for one ounce is $1232.86. In economic news, unemployment claims dipped fell to 234 thousand, well short of the forecast of 249 thousand. On Friday, the major event in the US is UoM Consumer Sentiment,with an estimate of 97.9 points.

Wednesday, February 8, 2017

USD/CAD has reversed directions

USD/CAD has reversed directions, posting slight gains in the Wednesday session. Currently, the pair is trading at 1.3150. On the release front, Canada will release Housing Starts, which is expected to remain above the 200K level, with the estimate standing at 202 thousand. There are no major US events on the schedule. On Thursday, the US releases the weekly unemployment claims report, which is expected to rise to 249 thousand. As well, the weekly crude oil inventories report will be released. Another strong surplus is expected, with an estimate of 202 thousand.

Thursday, February 2, 2017

EUR/USD Chart

Summary : Target Level : 1.062
Target Period :
3 days

Analysis :
Channel Up identified at 01-Feb-17:00 2017 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.0620 within the next 3 days.

Resistance Levels :
( B ) 1.0812Last resistance turning point of Channel Up.

Support Levels
( A ) 1.062Last support turning point of Channel Up.


Chart date range :
11-Jan-09:00 GMT-> 02-Feb-09:00 GMT
Data interval : 4 hour
RSI:34 Candles
MA:34 Candles

Monday, January 30, 2017

EUR/USD posted small gains in the European session

EUR/USD posted small gains in the European session but retracted. The pair has posted slight losses in European trade
•1.0616 is providing support
• 1.0708 is fluid. Currently, it is a weak resistance line
Further levels in both directions:
•Below: 1.0616, 1.0506 and 1.0414
•Above: 1.0708, 1.0873, 1.0985 and 1.1114
•Current range: 1.0616 to 1.0708
EUR/USD ratio starts the week little changed from the Friday session. Currently, short positions have a slight majority (53%), indicative of trader bias towards EUR/USD reversing directions and moving higher.
EUR/USD has edged lower in the Monday session. Currently, the pair is trading just below the 1.07 level. On the release front, Germany releases Preliminary CPI later in the day, with the estimate standing at -0.5%. In the US, today’s key event is Pending Home Sales, with the indicator expected to rebound with a strong gain of 1.6%. On Tuesday, German releases retail sales and the Eurozone will publish GDP and CPI reports. Mario Draghi will deliver remarks at a joint conference of the ECB and European Commission. In the US, we’ll get a look at CB Consumer Confidence.

EUR/JPY Chart

Summary : Target Level : 121.135
Target Period :
3 days

Analysis :
Rising Wedge identified at 30-Jan-05:00 2017 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 121.1350 within the next 3 days.

Resistance Levels :
( B ) 123.313Last resistance turning point of Rising Wedge.

Support Levels
( A ) 121.135Last support turning point of Rising Wedge.


Chart date range :
09-Jan-17:00 GMT-> 30-Jan-09:00 GMT
Data interval : 4 hour
RSI:34 Candles
MA:34 Candles