GBP/CHF

 

GBP/CHF 22-Jan-18:00 -> 02-Feb-22:00 Target Level: 1.2294

SL: (A) 1.2238 Last TP of Rising Wedge RL: (B) 1.2294 Last TP of Rising Wedge Target Period: 2 days   Interval 1 hour Pattern Rising Wedge Length 125 Candles Identified 02-Feb-21:00

Rising Wedge identified at 02-Feb-21:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.2294 within the next 2 days. Supported by Upward sloping Moving Average

CAD/JPY

 

CAD/JPY 18-Jan-18:00 -> 02-Feb-22:00 Target Level: 82.1925

SL: (A) 81.7000 Last TP of Channel Up RL: (B) 82.1925 Last TP of Channel Up Target Period: 2 days   Interval 4 hour Pattern Channel Up Length 30 Candles Identified 02-Feb-22:00

Channel Up identified at 02-Feb-22:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 82.1925 within the next 2 days. Supported by Upward sloping Moving Average

GBPUSD forex chart

 

	The following assumptions that have been made: - At least 20 pip forecast - The key level and chart pattern were at most 5 candles apart at time of identification

	Symbol : GBPUSD

Direction : Identified time : 2021-02-01 09:02 EST Breakout price : 1.3678 Forecast price : 1.3658 Forecast pips : 20 Probability : 68.93 %

Pattern : Rising Wedge Interval : 60 Min Pattern : Rising Wedge Interval : 60 Min

NZD/JPY

 

NZD/JPY 29-Dec-06:00 -> 01-Feb-14:00 Target Level: 75.7523

SL: (A) 74.1275 Last TP of Triangle Target Period: 2 days   Interval 4 hour Pattern Triangle Length 90 Candles Identified 29-Jan-10:00

Triangle has broken through the resistance line at 29-Jan-10:00. Possible bullish price movement forecast for the next 2 days towards 75.7523. Supported by Upward sloping Moving Average

EUR/USD

 

EUR/USD 18-Jan-17:00 -> 01-Feb-11:00 Target Level: 1.2044

Target Period: 2 days   Interval 1 hour Pattern Support Length 182 Candles Identified 01-Feb-11:00

Broke through Support level of 1.2093 at 01-Feb-11:00 Supported by Downward sloping Moving Average