Tuesday, January 19, 2016

USD/CHF

Summary : Target Level : 1.0107
Target Period :
3 days

Analysis :
Ascending Triangle identified at 18-Jan-05:00 2016 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.011 within the next 3 days.

Supporting Indicators :
Upward sloping Moving Average

Resistance Levels :
( B ) 1.0107Last resistance turning point of Ascending Triangle.

Support Levels
( A ) 0.9959Last support turning point of Ascending Triangle.

 

Thursday, January 14, 2016

EUR/GBP Chart

Summary : Target Level : 0.7623
Target Period :
2 days

Analysis :
Ascending Triangle has broken through the resistance line at 13-Jan-22:00 2016 GMT. Possible bullish price movement forecast for the next 2 days towards 0.762.

Supporting Indicators :
Upward sloping Moving Average

Resistance Levels :
Support Levels
( A ) 0.7467Last support turning point of Ascending Triangle.


 

Wednesday, January 13, 2016

200 day moving average

You can use the 200 day moving average as a support and resistance area. One thing to remember if the price is near the 200 MA you should wait for confirmation before you decide to hit the buy or sell button. Waiting for the trend direction off the 200 MA will increase your chances of making a profit on the trade. When a moving average lines up with true buyers and or sellers, the moving average will work a high percentage of the time. It is important that you monitor the volume to make sure that the buyers or sellers are actively involved.The price of the stock  is also keyed in to the moving averages.Shorter moving averages for daytrading.

Tuesday, January 12, 2016

AUD/JPY

Summary : Target Level : 84.1064
Target Period :
2 days

Analysis :
Channel Down has broken through the resistance line at 11-Jan-13:00 2016 GMT. Possible bullish price movement forecast for the next 2 days towards 84.106.

Supporting Indicators :
RSI below 40

Resistance Levels :
( B ) 83.7465Last resistance turning point of Channel Down.

Support Levels
( A ) 80.908Last support turning point of Channel Down.

 

Monday, January 11, 2016

EUR/USD Chart

Summary : Target Level : 1.0971
Target Period :
2 days

Analysis :
Inverse Head and Shoulders has broken through the resistance line at 10-Jan-23:00 2016 GMT. Possible bullish price movement forecast for the next 2 days towards 1.097.

Supporting Indicators :
Upward sloping Moving Average

Resistance Levels :
( B ) 1.094Last resistance turning point of Inverse Head and Shoulders.

Support Levels
( A ) 1.0803Last support turning point of Inverse Head and Shoulders.

 

Thursday, January 7, 2016

EUR/CHF Chart

Summary : Target Level : 1.0827
Target Period :
2 days

Analysis :
Triangle identified at 07-Jan-03:00 2016 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.083 within the next 2 days.

Supporting Indicators :
Downward sloping Moving Average

Resistance Levels :
( B ) 1.0868Last resistance turning point of Triangle.

Support Levels
( A ) 1.0827Last support turning point of Triangle.


 

Tuesday, January 5, 2016

EUR/GBP Chart

Summary : Target Level : 0.7335
Target Period :
2 days

Analysis :
Channel Up identified at 04-Jan-17:00 2016 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.734 within the next 2 days.

Supporting Indicators :
Downward sloping Moving Average

Resistance Levels :
( B ) 0.7424Last resistance turning point of Channel Up.

Support Levels
( A ) 0.7335Last support turning point of Channel Up.