USD/JPY Chart

Summary : Target Level : 120.6565Target Period : 3 days
Analysis :
Triangle identified at 16-Mar-00:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 120.656 within the next 3 days.
Resistance Levels :
( B ) 121.569Last resistance turning point of Triangle.
Support Levels
( A ) 120.6565Last support turning point of Triangle.

 

USD/CAD Chart

Summary : Target Level : 1.2618Target Period : 2 days
Analysis :
Channel Up identified at 16-Mar-06:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.262 within the next 2 days.
Resistance Levels :
( B ) 1.2824Last resistance turning point of Channel Up.
Support Levels
( A ) 1.2618Last support turning point of Channel Up.

 

GBP/USD Chart

Summary : Target Level : 1.5097Target Period : 2 days
Analysis :
Channel Down identified at 12-Mar-06:00 2015 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.51 within the next 2 days.
Resistance Levels :
( B ) 1.5097Last resistance turning point of Channel Down.
Support Levels ( A ) 1.4893Last support turning point of Channel Down.

 

USD/JPY Forex Chart

Summary : Target Level : 120.8525Target Period : 14 hours
Analysis :
Triangle identified at 11-Mar-06:30 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 120.852 within the next 14 hours.
Resistance Levels :
( B ) 121.5Last resistance turning point of Triangle.
Support Levels
( A ) 120.8525Last support turning point of Triangle.

 

Traders need to manage any trades they are in

You need to stay with your technical indicators on your charts but with out staying discipline you will not make any profits.  Trading forex news can be risky it is you against the currency market so you need to be careful. The swings during news release can be brutal it is not for the new forex trader. Experienced traders have spent years developing a trading style taking in consideration price action and focusing on their technical set ups. Most of the time the big money in the markets have already factored in the news and information ahead of the news release. This is why you need to be very cautious trading the news. The best way is to watch the price action after a news release and wait for a pull back then enter the trade staying with the trend. Watch your charts and place your trade from your technical analysis.
 

How to manage trades

EUR/USD FX

Summary : Target Level : 1.1217Target Period : 3 days
Analysis :
Channel Down identified at 09-Mar-08:00 2015 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.122 within the next 3 days.
Resistance Levels :
( B ) 1.1217Last resistance turning point of Channel Down.

Support Levels
( A ) 1.0824Last support turning point of Channel Down.

USD/CHF FX Chart

Summary : Target Level : 0.9593Target Period : 2 days Analysis :
Channel Up identified at 06-Mar-01:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.959 within the next 2 days.
Supporting Indicators :
RSI above 60

Resistance Levels :
( B ) 0.9749Last resistance turning point of Channel Up.Support Levels
( A ) 0.9593Last support turning point of Channel Up.