USD/JPY: Rising Wedge identified at 27-Jun-23:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 112.4485 within the next 7 hours. Supported by Upward sloping Moving Average
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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 22-Jun-22:00 -> 28-Jun-01:00
Target Level: 1.1346
SL:
(B)
1.1323
4 hours low volatility level
RL:
(A)
1.1346
4 hours high volatility level
Target Period: 4 hours
Interval
1 hour
Length
40 Candles
Identified
28-Jun-00:00
Possible bullish price movement towards the resistance 1.1346 within the next 4 hours. Supported by Upward sloping Moving Average
USD/JPY 23-Jun-09:00 -> 28-Jun-01:00
Target Level: 112.4485
SL:
(A)
112.0795
Last TP of Rising Wedge
RL:
(B)
112.4485
Last TP of Rising Wedge
Target Period: 7 hours
Interval
1 hour
Pattern
Rising Wedge
Length
26 Candles
Identified
27-Jun-23:00
Rising Wedge identified at 27-Jun-23:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 112.4485 within the next 7 hours. Supported by Upward sloping Moving Average
GBP/CAD 02-Jun-19:00 -> 28-Jun-03:00
Target Level: 1.6930
Target Period: 3 days
Interval
4 hour
Pattern
Resistance
Length
63 Candles
Identified
27-Jun-23:00
Approaching Resistance level of 1.6930 identified at 27-Jun-23:00 Supported by Upward sloping Moving Average
GBP/NZD 07-Jun-11:00 -> 28-Jun-03:00
Target Level: 1.7682
SL:
(A)
1.7343
Last TP of Falling Wedge
Target Period: 3 days
Interval
4 hour
Pattern
Falling Wedge
Length
48 Candles
Identified
27-Jun-19:00
Falling Wedge has broken through the resistance line at 27-Jun-19:00. Possible bullish price movement forecast for the next 3 days towards 1.7682. Supported by Upward sloping Moving Average
NZD/JPY 13-Jun-08:00 -> 28-Jun-01:00
Target Level: 80.1715
SL:
(A)
80.1715
Last TP of Rising Wedge
RL:
(B)
81.8750
Last TP of Rising Wedge
Target Period: 3 days
Interval
1 hour
Pattern
Rising Wedge
Length
201 Candles
Identified
27-Jun-23:00
Rising Wedge identified at 27-Jun-23:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 80.1715 within the next 3 days.
XAU/USD 13-Jun-19:00 -> 28-Jun-03:00
Target Level: 1236.2250
SL:
(A)
1236.2250
Last TP of Falling Wedge
RL:
(B)
1253.1950
Last TP of Falling Wedge
Target Period: 2 days
Interval
4 hour
Pattern
Falling Wedge
Length
25 Candles
Identified
27-Jun-23:00
Falling Wedge identified at 27-Jun-23:00. 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 -> 27-Jun-23:00
Target Level: 16.9100
SL:
(A)
16.2745
Last TP of Falling Wedge
RL:
(B)
16.7960
Last TP of Falling Wedge
Target Period: 3 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 3 days towards 16.9100. Supported by Upward sloping Moving Average
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