EUR/CHF

Summary : Target Level : 1.0356Target Period : 3 days
Analysis :
Channel Up has broken through the support line at 19-May-08:00 2015 GMT. Possible bearish price movement forecast for the next 3 days towards 1.036.
Supporting Indicators :
Downward sloping Moving Average
Resistance Levels :
( B ) 1.0506Last resistance turning point of Channel Up.
Support Levels
( A ) 1.0384Last support turning point of Channel Up.

 

Forex USD/CHF

Summary : Target Level : 0.9079Target Period : 3 days
Analysis :
Descending Triangle identified at 15-May-20:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.908 within the next 3 days.
Supporting Indicators :
Downward sloping Moving Average
Resistance Levels :
( B ) 0.9256Last resistance turning point of Descending Triangle.
Support Levels
( A ) 0.9079Last support turning point of Descending Triangle.

 

USD/JPY Chart

Summary : Target Level : 120.2795Target Period : 3 days
Analysis :
Channel Down identified at 14-May-16:00 2015 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 120.28 within the next 3 days.
Resistance Levels :
( B ) 120.2795Last resistance turning point of Channel Down.
Support Levels
( A ) 118.89Last support turning point of Channel Down.

 

FX Chart USD/JPY

Summary : Target Level : 119.057Target Period : 3 days
Analysis :
Triangle identified at 12-May-12:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 119.057 within the next 3 days.
Supporting Indicators :
Downward sloping Moving Average
Resistance Levels :
( B ) 120.2795Last resistance turning point of Triangle.

Support Levels ( A ) 119.057Last support turning point of Triangle.

 

 

AUD /USD FX chart

Summary : Target Level : 0.8031Target Period : 3 days
Analysis :
Triangle identified at 11-May-00:00 2015 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 0.803 within the next 3 days.
Resistance Levels :
( B ) 0.8031Last resistance turning point of Triangle.
Support Levels ( A ) 0.7876Last support turning point of Triangle.

 

 

 

support and resistance levels

Most times when the trend will reverse is at support and resistance levels.
These two trends alone shape the charts and if supply is greater than demand, then trends will fall, down trending if demand is greater, then trends will start moving up and forming an uptrend. The fewer transactions, the lower the volume. This will create a consolidation pattern and small candles the larger the supply and demand or more buyers and sellers at a certain price level, the larger the candles on the charts. learning to recognize how the trend is moving will make you more money in stock and forex trading.

Forex GBP/USD

Summary : Target Level : 1.509Target Period : 3 days
Analysis :
Descending Triangle identified at 07-May-00:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.509 within the next 3 days.
Resistance Levels :
( B ) 1.5291Last resistance turning point of Descending Triangle.
Support Levels
( A ) 1.509Last support turning point of Descending Triangle.