Wednesday, April 8, 2015

Forex EUR/USD

Summary : Target Level : 1.1036Target Period : 3 days
Analysis :
Ascending Triangle identified at 08-Apr-07:00 2015 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.104 within the next 3 days.

Resistance Levels :
( B ) 1.1036Last resistance turning point of Ascending Triangle.

Support Levels
( A ) 1.0804Last support turning point of Ascending Triangle.

 

Tuesday, April 7, 2015

AUD/USD FX Chart

Summary : Target Level : 0.7799Target Period : 3 days
Analysis :
Triangle has broken through the resistance line at 07-Apr-05:00 2015 GMT. Possible bullish price movement forecast for the next 3 days towards 0.78.

Supporting Indicators :
Upward sloping Moving Average

Resistance Levels :
Support Levels
( A ) 0.7577Last support turning point of Triangle.

 

Monday, April 6, 2015

AUD/JPY Chart

Summary : Target Level : 91.657Target Period : 2 days
Analysis :
Ascending Triangle identified at 06-Apr-06:00 2015 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 91.657 within the next 2 days.

Supporting Indicators :
Upward sloping Moving Average

Resistance Levels :
( B ) 91.657Last resistance turning point of Ascending Triangle.

Support Levels
( A ) 90.6545Last support turning point of Ascending Triangle.

 

Tuesday, March 31, 2015

GBP/USD Forex chart

Summary : Target Level : 1.4901Target Period : 2 days
Analysis :
Falling Wedge identified at 30-Mar-23:00 2015 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.49 within the next 2 days.

Resistance Levels :
( B ) 1.4901Last resistance turning point of Falling Wedge.

Support Levels
( A ) 1.4753Last support turning point of Falling Wedge.

 

Thursday, March 26, 2015

EUR/JPY chart

Summary : Target Level : 128.412Target Period : 3 days
Analysis :
Triangle identified at 24-Mar-20:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 128.412 within the next 3 days.

Resistance Levels :
( B ) 131.5165Last resistance turning point of Triangle.

Support Levels
( A ) 128.412Last support turning point of Triangle.

 

Monday, March 23, 2015

FX EUR/USD Chart

Summary : Target Level : 1.0613Target Period : 2 days
Analysis :
Triangle identified at 23-Mar-03:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.061 within the next 2 days.

Resistance Levels :
( B ) 1.0881Last resistance turning point of Triangle.

Support Levels
( A ) 1.0613Last support turning point of Triangle.

Tuesday, March 17, 2015

Housing starts slumped in February

Housing starts slumped in February by the most in four years as bad winter weather in parts of the U.S. prevented builders from initiating new projects.
Work began on 897,000 houses at an annualized rate, down 17 percent from January and the fewest in a year, the Commerce Department reported Tuesday in Washington. The median estimate of 80 economists surveyed by Bloomberg called for 1.04 million.

“It was just the weather, basically,” said Richard Moody, chief economist at Regions Financial Corp. in Birmingham, Alabama. Still, “my view of the recovery in single-family housing is that it’s coming more gradually than others think.”
An increase in building permits was driven by applications for multifamily units, indicating single-family construction, the biggest part of the market, will keep struggling. While stronger hiring and low borrowing costs have helped the industry advance, sales remain challenged by limited supply of cheaper homes and sluggish wage growth.
The median estimate of 81 economists in the Bloomberg survey called for 1.04 million starts. Estimates ranged from annualized rates of 975,000 to 1.08 million after a previously reported January pace of 1.07 million.