GBP/JPY Chart

Summary : Target Level : 157.0965
Target Period : 2 days
Analysis :
Pennant has broken through the resistance line at 04-May-00:00 2016 GMT. Possible bullish price movement forecast for the next 2 days towards 157.096.
Resistance Levels :
( B ) 156.073Last resistance turning point of Pennant.
Support Levels
( A ) 154.428Last support turning point of Pennant.

 

GBP/USD Chart

Summary : Target Level : 1.4322
Target Period : 3 days
Analysis :
Channel Up identified at 27-Apr-16:00 2016 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.432 within the next 3 days.
Resistance Levels :
( B ) 1.4639Last resistance turning point of Channel Up.
Support Levels
( A ) 1.4322Last support turning point of Channel Up.

 

USD/CHF

Summary : Target Level : 0.9585
Target Period : 3 days
Analysis :
Channel Up identified at 25-Apr-04:00 2016 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.958 within the next 3 days.
Resistance Levels :
( B ) 0.9797Last resistance turning point of Channel Up.
Support Levels
( A ) 0.9585Last support turning point of Channel Up.

 

USD/JPY Forex

Summary : Target Level : 107.841
Target Period : 3 days
Analysis :
Triangle identified at 19-Apr-20:00 2016 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 107.841 within the next 3 days.
Resistance Levels :
( B ) 109.4895Last resistance turning point of Triangle.
Support Levels
( A ) 107.841Last support turning point of Triangle.

 

GBP/USD

Summary : Target Level : 1.4091
Target Period : 2 days
Analysis :
Triangle identified at 18-Apr-00:00 2016 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.409 within the next 2 days.
Supporting Indicators :
Downward sloping Moving Average
Resistance Levels :
( B ) 1.4242Last resistance turning point of Triangle.
Support Levels
( A ) 1.4091Last support turning point of Triangle.

 

GBP/USD

Summary : Target Level : 1.4348
Target Period : 2 days
Analysis :
Inverse Head and Shoulders identified at 12-Apr-23:00 2016 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.435 within the next 2 days.
Supporting Indicators :
Upward sloping Moving Average
Resistance Levels :
( B ) 1.4348Last resistance turning point of Inverse Head and Shoulders.
Support Levels
( A ) 1.4197Last support turning point of Inverse Head and Shoulders.

 

EUR/GBP Chart

Summary : Target Level : 0.7986
Target Period : 2 days
Analysis :
Channel Up identified at 09-Apr-00:00 2016 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.799 within the next 2 days.
Resistance Levels :
( B ) 0.8105Last resistance turning point of Channel Up.
Support Levels
( A ) 0.7986Last support turning point of Channel Up.

 

USD/CHF

Summary : Target Level : 0.9598
Target Period : 2 days
Analysis :
Falling Wedge identified at 06-Apr-04:00 2016 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 0.96 within the next 2 days.
Resistance Levels :
( B ) 0.9598Last resistance turning point of Falling Wedge.
Support Levels
( A ) 0.9547Last support turning point of Falling Wedge.

 

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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.

 

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.

 

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.

 

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.

 

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.

 

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.

 

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.

USD/JPY Chart

Summary : Target Level : 113.1215
Target Period : 2 days
Analysis :
Triangle identified at 07-Mar-03:00 2016 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 113.122 within the next 2 days.
Supporting Indicators :
Downward sloping Moving Average
Resistance Levels :
( B ) 114.259Last resistance turning point of Triangle.
Support Levels
( A ) 113.1215Last support turning point of Triangle.

 

EUR/JPY

Summary : Target Level : 124.36
Target Period : 2 days
Analysis :
Triangle identified at 03-Mar-05:00 2016 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 124.36 within the next 2 days.
Resistance Levels :
( B ) 124.36Last resistance turning point of Triangle.
Support Levels
( A ) 123.1535Last support turning point of Triangle.

 

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EUR/JPY

Summary : Target Level : 125.0135
Target Period : 2 days
Analysis :
Channel Down identified at 01-Mar-05:00 2016 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 125.014 within the next 2 days.
Resistance Levels :
( B ) 125.0135Last resistance turning point of Channel Down.
Support Levels
( A ) 122.0815Last support turning point of Channel Down.

 

GBP/USD Chart

Summary : Target Level : 1.4043
Target Period : 2 days
Analysis :
Falling Wedge identified at 29-Feb-05:30 2016 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.404 within the next 2 days.
Resistance Levels :
( B ) 1.4043Last resistance turning point of Falling Wedge.
Support Levels
( A ) 1.3842Last support turning point of Falling Wedge.

 

Volume is important

Volume is important when trading any of the different markets. Stock prices can only move up when buyers become aggressive and raise bids to chase diminishing supply. Prices drop when traders or sellers are desperate to get sell a stock and drop their prices to bring in scarce buyers. Often in a breakout, the price moves above when a prior buying area that has already been weakened. When investors and traders see that new high being made, they jump on board and the volume spikes. This can be a problem sometimes.

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