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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Business Confidence 29-Jun-11:00  
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Market Movements Report Time: 29-Jun-2017 00:15 CEST
Symbol Latest Price Daily Change
EURUSD 1.138 0.28%
USDJPY 112.277 0.03%
GBPUSD 1.293 0.85%
USDCHF 0.96 0.03%
Dow 21,454.61 0.23%
Nasdaq 5,802.72 1.33%
S&P 500 2,440.27 0.08%
FTSE 7,351.5 0.25%
Nikkei 19,920.29 0.23%
  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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