Tuesday, May 31, 2016

EUR/USD

Summary :
Target Level : 1.1217
Target Period : 2 days

Analysis :
Channel Down identified at 30-May-08:00 2016 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.122 within the next 2 days.

Resistance Levels :
( B ) 1.1217Last resistance turning point of Channel Down.

Support Levels
( A ) 1.1098Last support turning point of Channel Down.


 

Tuesday, May 24, 2016

EUR/USD

Summary :
Target Level : 1.1188
Target Period : 2 days

Analysis :
Triangle identified at 24-May-02:00 2016 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.119 within the next 2 days.

Supporting Indicators :
Downward sloping Moving Average

Resistance Levels :
( B ) 1.1231Last resistance turning point of Triangle.

Support Levels
( A ) 1.1188Last support turning point of Triangle.

 

Wednesday, May 18, 2016

AUD/USD

Summary :
Target Level : 0.7418
Target Period : 3 days

Analysis :
Falling Wedge has broken through the resistance line at 17-May-04:00 2016 GMT. Possible bullish price movement forecast for the next 3 days towards 0.742.

Supporting Indicators :
RSI below 40

Resistance Levels :
( B ) 0.7399Last resistance turning point of Falling Wedge.

Support Levels
( A ) 0.7254Last support turning point of Falling Wedge.

 

Monday, May 16, 2016

USD/JPY

Summary :
Target Level : 107.9961
Target Period : 2 days

Analysis :
Rising Wedge has broken through the support line at 13-May-20:00 2016 GMT. Possible bearish price movement forecast for the next 2 days towards 107.996.

Supporting Indicators :
RSI above 60

Resistance Levels :
( B ) 109.5605Last resistance turning point of Rising Wedge.

Support Levels
( A ) 108.518Last support turning point of Rising Wedge.

 

Wednesday, May 11, 2016

USD/JPY Chart

Summary : Target Level : 106.4405
Target Period :
2 days

Analysis :
Channel Up identified at 11-May-04:00 2016 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 106.44 within the next 2 days.

Supporting Indicators :
RSI above 60

Resistance Levels :
( B ) 109.278Last resistance turning point of Channel Up.

Support Levels
( A ) 106.4405Last support turning point of Channel Up.

 

Monday, May 9, 2016

EUR/GBP Chart

Summary : Target Level : 0.7868
Target Period :
3 days

Analysis :
Triangle identified at 09-May-00:00 2016 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.787 within the next 3 days.

Resistance Levels :
( B ) 0.7916Last resistance turning point of Triangle.

Support Levels
( A ) 0.7868Last support turning point of Triangle.

 

Wednesday, May 4, 2016

GBP/JPY Chart

Summary : Target Level : 157.0965
Target Period :
2 days

Analysis :
Pennant has broken through the resistance line at 04-May-00:00 2016 GMT. Possible bullish price movement forecast for the next 2 days towards 157.096.

Resistance Levels :
( B ) 156.073Last resistance turning point of Pennant.

Support Levels
( A ) 154.428Last support turning point of Pennant.