Thursday, March 31, 2016

EUR/JPY Chart

Summary : Target Level : 125.391
Target Period :
3 days
 
Analysis :
Channel Up identified at 31-Mar-04:00 2016 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 125.391 within the next 3 days.

Resistance Levels :
( B ) 127.826Last resistance turning point of Channel Up.

Support Levels
( A ) 125.391Last support turning point of Channel Up.

 

Tuesday, March 29, 2016

EUR/USD

Summary : Target Level : 1.1158
Target Period :
3 days

Analysis :
Triangle identified at 29-Mar-04:00 2016 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.116 within the next 3 days.

Resistance Levels :
( B ) 1.122Last resistance turning point of Triangle.

Support Levels
( A ) 1.1158Last support turning point of Triangle.

 

Thursday, March 24, 2016

GBP/JPY Chart

Summary : Target Level : 161.5045
Target Period :
3 days

Analysis :
Falling Wedge identified at 23-Mar-12:00 2016 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 161.504 within the next 3 days.

Resistance Levels :
( B ) 161.5045Last resistance turning point of Falling Wedge.

Support Levels
( A ) 158.449Last support turning point of Falling Wedge.

 

Monday, March 21, 2016

EUR/CHF Chart

Summary : Target Level : 1.0995
Target Period :
3 days

Analysis :
Channel Down identified at 21-Mar-00:00 2016 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.1 within the next 3 days.

Resistance Levels :
( B ) 1.0995Last resistance turning point of Channel Down.

Support Levels
( A ) 1.0905Last support turning point of Channel Down.

 

Thursday, March 17, 2016

EUR/JPY Chart

Summary : Target Level : 124.3302
Target Period :
2 days

Analysis :
Triangle has broken through the support line at 17-Mar-05:00 2016 GMT. Possible bearish price movement forecast for the next 2 days towards 124.33.

Supporting Indicators :
Downward sloping Moving Average

Resistance Levels :
( B ) 126.6225Last resistance turning point of Triangle.

Support Levels
( A ) 125.0975Last support turning point of Triangle.

 

Wednesday, March 16, 2016

USD/CAD

Summary : Target Level : 1.3424
Target Period :
2 days

Analysis :
Channel Down has broken through the resistance line at 15-Mar-08:00 2016 GMT. Possible bullish price movement forecast for the next 2 days towards 1.342.

Supporting Indicators :
Upward sloping Moving Average

Resistance Levels :
( B ) 1.3398Last resistance turning point of Channel Down.

Support Levels
( A ) 1.3168Last support turning point of Channel Down.

 

Tuesday, March 8, 2016

Consumer Cyclicals

January began with a sharp, waterfall decline in stock prices. The initial rally after the January 20 low was technically weak and quickly led to a resumed decline and a more-important bottom on February 11. Our Intermediate Term Strategic Indicator Composite of 16 "internal" (or equity-related) relationships and nine "external" (non-equity) markets has moved steadily higher since the January 20 low. Market internals have risen 1.2 sigma from -1.9 on 1/20 to -0.7 sigma. Cyclical sectors have driven the improvement, led by Consumer Cyclicals and Industrials.