Forex Market News FX charts.

Thursday, February 12, 2015

USD/JPY chart

Summary : Target Level : 118.4645Target Period : 2 days
Analysis :
Rising Wedge identified at 12-Feb-00:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 118.464 within the next 2 days.
Supporting Indicators :
RSI above 60
Resistance Levels :
( B ) 120.4285Last resistance turning point of Rising Wedge.

Support Levels
( A ) 118.4645Last support turning point of Rising Wedge.

Wednesday, February 11, 2015

EUR/USD Chart

Summary : Target Level : 1.1499Target Period : 2 days
Analysis :
Channel Down identified at 09-Feb-21:00 2015 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.15 within the next 2 days.
Resistance Levels :
( B ) 1.1499Last resistance turning point of Channel Down.

Support Levels
( A ) 1.127Last support turning point of Channel Down.

Saturday, February 7, 2015

EUR/USD and GBP/USD Forex Trades

The following pair of charts are forex of both the EUR/USD and GBP/USD. You can see that at monthly charts is to help you understand where you are in the really big picture, plus to recognize if the current volatility is unusual compared to previous strong moves. They show a couple of turning points in the past, and also turned on the average true range which helps measure volatility. As you can see, the ATR has been increasing for the past few months yet isn’t anywhere close to the highs seen a few years ago. While most believe that both pairs will continue their current trend you need to see if they continue to make a long term trade.

EUR/USD and GBP/USD

Thursday, February 5, 2015

EUR/USD chart

Summary : Target Level : 1.1205Target Period : 3 days
Analysis :
Channel Up has broken through the support line at 05-Feb-01:00 2015 GMT. Possible bearish price movement forecast for the next 3 days towards 1.12.
Supporting Indicators :
Downward sloping Moving Average
Resistance Levels :
( B ) 1.1534Last resistance turning point of Channel Up.
Support Levels
( A ) 1.1313Last support turning point of Channel Up.

Tuesday, February 3, 2015

Pound chart

Summary : Target Level : 1.499Target Period : 3 days
Analysis :
Triangle identified at 02-Feb-21:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.499 within the next 3 days.
Supporting Indicators :
Downward sloping Moving Average
Resistance Levels :
( B ) 1.5084Last resistance turning point of Triangle.
Support Levels
( A ) 1.499Last support turning point of Triangle.

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