EUR/GBP chart

Summary :
Target Level : 0.7284
Target Period : 2 days
Analysis :
Triangle identified at 07-Sep-12:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.728 within the next 2 days.
Supporting Indicators :
Downward sloping Moving Average
Resistance Levels :
( B ) 0.7355Last resistance turning point of Triangle.
Support Levels
( A ) 0.7284Last support turning point of Triangle.

 

Forex GBP/USD

Summary :
Target Level : 1.5476
Target Period : 3 days
Analysis :
Falling Wedge has broken through the resistance line at 02-Sep-16:00 2015 GMT. Possible bullish price movement forecast for the next 3 days towards 1.548.
Resistance Levels :
( B ) 1.5408Last resistance turning point of Falling Wedge.
Support Levels
( A ) 1.5265Last support turning point of Falling Wedge.

 

USD /CAD chart

Summary :
Target Level : 1.3167
Target Period : 2 days
Analysis :
Triangle identified at 28-Aug-20:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.317 within the next 2 days.
Resistance Levels :
( B ) 1.33Last resistance turning point of Triangle.
Support Levels
( A ) 1.3167Last support turning point of Triangle.

 

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FOMC minutes

If anything, the July’s FOMC minutes have reduced expectations for a September liftoff. Before the release the odds were +50% that the Fed would begin its rate nominalization policy in a few weeks, now Fed fund futures are trading close to +34%. If the Fed is to raise rates in September, economic data since the July 29 policy announcement needs to win over at least a majority of the voting members – “most” still feel that conditions have not been met. Data since the last policy announcement has been mixed, including disappointing reports on manufacturing and consumer sentiment, while July non-farm payroll (NFP) came in as expected. It has been rather quite, but tensions have been rising again in the Ukraine. Russia is feeling the pain of the collapse in oil and the RUB. They now see crude prices hitting $30-35 dollars a barrel and Putin needs a distraction. Africa is feeling the pain of China’s slowdown and yuan weakness. Chinese demand for hard commodities and energy that Africa produces will be tested (in 2015 it was worth approximately $250b to the continent). The ZAR is trading at a 14-year low (12.96) and the world is beginning to question China’s “real” growth potential, especially since the PBoC has been tinkering with its own currency valuation. Chinese authorities will also be slightly miffed that the yuan has been passed over by the IMF as a reserve unit for at least another year yesterday.
The combination of significant weakness in commodity prices and ongoing concerns about emerging markets has been weighing heavily on most equity markets and should not get any easier next month. With history tending to repeat itself, the month of September is historically the worst month of the year for equities. Investors will need to be alert and ready now that the market is focusing intently on the U.S August job report for rate guidance.

EUR/USD Chart

Summary :
Target Level : 1.1189
Target Period : 2 days
Analysis :
Flag identified at 19-Aug-04:00 2015 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.119 within the next 2 days.
Resistance Levels :
( B ) 1.1189Last resistance turning point of Flag.
Support Levels
( A ) 1.1018Last support turning point of Flag.

 

USD/CHF

USD/CHF still down slightly on the day for now, but not   breaking down. If anything, today's action so far is a bend and not a break. For it to turn into a break, the mkt would need to tank below 0.9685/70 zone and we are just not sure that can be  possible today. To the upside, the sellers seem to keeping the upside capped near 0.9800/20.
R5: 1.0000 * figure
R4: 0.9984  19 Mar high
R3: 0.9903 * 11 Aug high
R2: 0.9850/55  intraday level
R1: 0.9800/20 * break zone
S1: 0.9723  intraday level
S2: 0.9685/70 * trendline, 12 Aug low
S3: 0.9644 * 03 Aug low
S4: 0.9600  figure
S5: 0.9542 * 200-day MA