USD/JPY: Rising Wedge identified at 28-Jun-11:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 111.4635 within the next 3 days.
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Market Reports are generated 3 times per day before the open of Tokyo, London and New York. These reports provide you with a snapshot of the technical outlook of the markets before the opening of the major financial centres.
Market movements show change in price from the same report 24 hours earlier. Supporting RSI and Moving Averages are 34 candles TP: Last Turning Point – used to identify Support (SL) and Resistance (RL) Levels
EUR/USD 23-Jun-22:00 -> 29-Jun-01:00
Target Level: 1.1391
SL:
(B)
1.1361
4 hours low volatility level
RL:
(A)
1.1391
4 hours high volatility level
Target Period: 4 hours
Interval
1 hour
Length
40 Candles
Identified
29-Jun-00:00
Possible bullish price movement towards the resistance 1.1391 within the next 4 hours. Supported by Upward sloping Moving Average
USD/JPY 06-Jun-11:00 -> 29-Jun-03:00
Target Level: 111.4635
SL:
(A)
111.4635
Last TP of Rising Wedge
RL:
(B)
112.4675
Last TP of Rising Wedge
Target Period: 3 days
Interval
4 hour
Pattern
Rising Wedge
Length
57 Candles
Identified
28-Jun-11:00
Rising Wedge identified at 28-Jun-11:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 111.4635 within the next 3 days.
GBP/USD 22-Jun-07:00 -> 29-Jun-01:00
Target Level: 1.2794
SL:
(A)
1.2794
Last TP of Channel Up
RL:
(B)
1.2972
Last TP of Channel Up
Target Period: 22 hours
Interval
1 hour
Pattern
Channel Up
Length
71 Candles
Identified
28-Jun-23:00
Channel Up identified at 28-Jun-23:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.2794 within the next 22 hours.
AUD/USD 15-Jun-08:00 -> 29-Jun-01:00
Target Level: 0.7650
SL:
(A)
0.7577
Last TP of Inverse Head and Shoulders
Target Period: 3 days
Interval
1 hour
Pattern
Inverse Head and Shoulders
Length
175 Candles
Identified
28-Jun-18:00
Inverse Head and Shoulders has broken through the resistance line at 28-Jun-18:00. Possible bullish price movement forecast for the next 3 days towards 0.7650. Supported by Upward sloping Moving Average
USD/CAD 23-Jun-01:00 -> 29-Jun-01:00
Target Level: 1.3199
SL:
(A)
1.3013
Last TP of Channel Down
RL:
(B)
1.3199
Last TP of Channel Down
Target Period: 18 hours
Interval
1 hour
Pattern
Channel Down
Length
56 Candles
Identified
29-Jun-00:00
Channel Down identified at 29-Jun-00:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.3199 within the next 18 hours. Supported by RSI below 40
NZD/USD 08-Jun-23:00 -> 29-Jun-03:00
Target Level: 0.7343
SL:
(A)
0.7254
Last TP of Rising Wedge
RL:
(B)
0.7343
Last TP of Rising Wedge
Target Period: 3 days
Interval
4 hour
Pattern
Rising Wedge
Length
45 Candles
Identified
28-Jun-19:00
Rising Wedge identified at 28-Jun-19:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 0.7343 within the next 3 days. Supported by Upward sloping Moving Average
GBP/JPY 26-Jun-22:00 -> 29-Jun-00:15
Target Level: 143.2730
SL:
(A)
143.2730
Last TP of Channel Up
RL:
(B)
145.5260
Last TP of Channel Up
Target Period: 12 hours
Interval
15 Minutes
Pattern
Channel Up
Length
151 Candles
Identified
29-Jun-00:00
Channel Up identified at 29-Jun-00:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 143.2730 within the next 12 hours.
GBP/CAD 27-Jun-12:15 -> 29-Jun-00:15
Target Level: 1.6976
SL:
(A)
1.6836
Last TP of Rising Wedge
RL:
(B)
1.6976
Last TP of Rising Wedge
Target Period: 6 hours
Interval
15 Minutes
Pattern
Rising Wedge
Length
95 Candles
Identified
28-Jun-22:45
Rising Wedge identified at 28-Jun-22:45. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.6976 within the next 6 hours.
EUR/NZD 27-Jun-22:15 -> 29-Jun-00:15
Target Level: 1.5498
SL:
(A)
1.5498
Last TP of Channel Down
RL:
(B)
1.5580
Last TP of Channel Down
Target Period: 5 hours
Interval
15 Minutes
Pattern
Channel Down
Length
62 Candles
Identified
28-Jun-23:45
Channel Down identified at 28-Jun-23:45. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.5498 within the next 5 hours. Supported by Downward sloping Moving Average
GBP/NZD 23-Jun-22:00 -> 29-Jun-01:00
Target Level: 1.7580
SL:
(A)
1.7580
Last TP of Channel Up
RL:
(B)
1.7800
Last TP of Channel Up
Target Period: 5 hours
Interval
1 hour
Pattern
Channel Up
Length
32 Candles
Identified
28-Jun-19:00
Channel Up identified at 28-Jun-19:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.7580 within the next 5 hours.
CAD/JPY 26-Jun-15:00 -> 29-Jun-00:00
Target Level: 85.0185
SL:
(A)
85.0185
Last TP of Channel Up
RL:
(B)
86.3365
Last TP of Channel Up
Target Period: 11 hours
Interval
30 Minutes
Pattern
Channel Up
Length
72 Candles
Identified
28-Jun-23:30
Channel Up identified at 28-Jun-23:30. This pattern is still in the process of forming. Possible bearish price movement towards the support 85.0185 within the next 11 hours. Supported by RSI above 60
XAU/USD 13-Jun-15:00 -> 29-Jun-03:00
Target Level: 1236.2250
SL:
(A)
1236.2250
Last TP of Channel Down
RL:
(B)
1254.8100
Last TP of Channel Down
Target Period: 2 days
Interval
4 hour
Pattern
Channel Down
Length
30 Candles
Identified
28-Jun-19:00
Channel Down identified at 28-Jun-19:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 1236.2250 within the next 2 days. Supported by Downward sloping Moving Average
XAG/USD 06-Jun-07:00 -> 28-Jun-23:00
Target Level: 16.9100
SL:
(A)
16.2745
Last TP of Falling Wedge
Target Period: 2 days
Interval
4 hour
Pattern
Falling Wedge
Length
52 Candles
Identified
27-Jun-11:00
Falling Wedge has broken through the resistance line at 27-Jun-11:00. Possible bullish price movement forecast for the next 2 days towards 16.9100. Supported by Upward sloping Moving Average
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