USD/JPY: Rising Wedge identified at 20-Jun-23:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 111.7780 within the next 2 days. 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 15-Jun-22:00 -> 21-Jun-01:00
Target Level: 1.1123
SL:
(B)
1.1123
4 hours low volatility level
RL:
(A)
1.1146
4 hours high volatility level
Target Period: 4 hours
Interval
1 hour
Length
40 Candles
Identified
21-Jun-00:00
Possible bearish price movement towards the support 1.1123 within the next 4 hours. Supported by Downward sloping Moving Average
USD/JPY 13-Jun-02:00 -> 21-Jun-01:00
Target Level: 111.7780
SL:
(A)
111.3940
Last TP of Rising Wedge
RL:
(B)
111.7780
Last TP of Rising Wedge
Target Period: 2 days
Interval
1 hour
Pattern
Rising Wedge
Length
98 Candles
Identified
20-Jun-23:00
Rising Wedge identified at 20-Jun-23:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 111.7780 within the next 2 days. Supported by Upward sloping Moving Average
GBP/USD 16-Jun-02:30 -> 21-Jun-00:30
Target Level: 1.2758
SL:
(A)
1.2603
Last TP of Channel Down
RL:
(B)
1.2758
Last TP of Channel Down
Target Period: 11 hours
Interval
30 Minutes
Pattern
Channel Down
Length
90 Candles
Identified
20-Jun-21:00
Channel Down identified at 20-Jun-21:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.2758 within the next 11 hours.
USD/CHF 01-Jun-11:00 -> 21-Jun-03:00
Target Level: 0.9771
SL:
(A)
0.9696
Last TP of Rising Wedge
RL:
(B)
0.9771
Last TP of Rising Wedge
Target Period: 22 hours
Interval
4 hour
Pattern
Rising Wedge
Length
38 Candles
Identified
19-Jun-23:00
Rising Wedge identified at 19-Jun-23:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 0.9771 within the next 22 hours. Supported by Upward sloping Moving Average
USD/CAD 19-Jun-02:00 -> 21-Jun-00:30
Target Level: 1.3284
SL:
(A)
1.3249
Last TP of Channel Up
RL:
(B)
1.3284
Last TP of Channel Up
Target Period: 8 hours
Interval
30 Minutes
Pattern
Channel Up
Length
53 Candles
Identified
21-Jun-00:00
Channel Up identified at 21-Jun-00:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.3284 within the next 8 hours. Supported by Upward sloping Moving Average
NZD/USD 06-Jun-23:00 -> 21-Jun-03:00
Target Level: 0.7299
SL:
(A)
0.7222
Last TP of Pennant
RL:
(B)
0.7299
Last TP of Pennant
Target Period: 11 hours
Interval
4 hour
Pattern
Pennant
Length
21 Candles
Identified
20-Jun-11:00
Pennant identified at 20-Jun-11:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 0.7299 within the next 11 hours. Supported by Upward sloping Moving Average
GBP/JPY 19-Jun-05:45 -> 21-Jun-00:15
Target Level: 140.5985
SL:
(A)
140.5985
Last TP of Falling Wedge
RL:
(B)
140.8315
Last TP of Falling Wedge
Target Period: 10 hours
Interval
15 Minutes
Pattern
Falling Wedge
Length
122 Candles
Identified
20-Jun-23:45
Falling Wedge identified at 20-Jun-23:45. This pattern is still in the process of forming. Possible bearish price movement towards the support 140.5985 within the next 10 hours. Supported by Downward sloping Moving Average
EUR/JPY 15-Jun-15:00 -> 21-Jun-00:30
Target Level: 124.6500
SL:
(A)
123.9245
Last TP of Channel Up
RL:
(B)
124.6500
Last TP of Channel Up
Target Period: 18 hours
Interval
30 Minutes
Pattern
Channel Up
Length
116 Candles
Identified
20-Jun-23:30
Channel Up identified at 20-Jun-23:30. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 124.6500 within the next 18 hours.
EUR/CHF 16-Jun-12:30 -> 21-Jun-00:30
Target Level: 1.0880
SL:
(A)
1.0851
Last TP of Falling Wedge
RL:
(B)
1.0880
Last TP of Falling Wedge
Target Period: 11 hours
Interval
30 Minutes
Pattern
Falling Wedge
Length
76 Candles
Identified
20-Jun-23:00
Falling Wedge identified at 20-Jun-23:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.0880 within the next 11 hours.
GBP/CHF 19-Jun-05:45 -> 21-Jun-00:15
Target Level: 1.2290
SL:
(A)
1.2290
Last TP of Falling Wedge
RL:
(B)
1.2319
Last TP of Falling Wedge
Target Period: 10 hours
Interval
15 Minutes
Pattern
Falling Wedge
Length
123 Candles
Identified
21-Jun-00:00
Falling Wedge identified at 21-Jun-00:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.2290 within the next 10 hours. Supported by Downward sloping Moving Average
EUR/CAD 02-Jun-19:00 -> 21-Jun-03:00
Target Level: 1.4885
SL:
(A)
1.4727
Last TP of Falling Wedge
RL:
(B)
1.4829
Last TP of Falling Wedge
Target Period: 2 days
Interval
4 hour
Pattern
Falling Wedge
Length
34 Candles
Identified
20-Jun-15:00
Falling Wedge has broken through the resistance line at 20-Jun-15:00. Possible bullish price movement forecast for the next 2 days towards 1.4885. Supported by RSI below 40
EUR/NZD 06-Jun-19:00 -> 21-Jun-03:00
Target Level: 1.5343
SL:
(A)
1.5343
Last TP of Falling Wedge
RL:
(B)
1.5441
Last TP of Falling Wedge
Target Period: 12 hours
Interval
4 hour
Pattern
Falling Wedge
Length
22 Candles
Identified
20-Jun-11:00
Falling Wedge identified at 20-Jun-11:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.5343 within the next 12 hours. Supported by Downward sloping Moving Average
GBP/NZD 15-Jun-05:00 -> 21-Jun-00:30
Target Level: 1.7639
SL:
(A)
1.7419
Last TP of Channel Down
RL:
(B)
1.7639
Last TP of Channel Down
Target Period: 22 hours
Interval
30 Minutes
Pattern
Channel Down
Length
135 Candles
Identified
21-Jun-00:00
Channel Down identified at 21-Jun-00:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.7639 within the next 22 hours. Supported by RSI below 40
CAD/JPY 16-Jun-06:00 -> 21-Jun-00:30
Target Level: 83.8375
SL:
(A)
83.8375
Last TP of Head and Shoulders
RL:
(B)
84.1405
Last TP of Head and Shoulders
Target Period: 12 hours
Interval
30 Minutes
Pattern
Head and Shoulders
Length
86 Candles
Identified
20-Jun-22:00
Head and Shoulders identified at 20-Jun-22:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 83.8375 within the next 12 hours. Supported by Downward sloping Moving Average
CAD/CHF 12-Jun-18:00 -> 21-Jun-01:00
Target Level: 0.7314
SL:
(A)
0.7331
Last TP of Channel Up
RL:
(B)
0.7386
Last TP of Channel Up
Target Period: 21 hours
Interval
1 hour
Pattern
Channel Up
Length
97 Candles
Identified
20-Jun-14:00
Channel Up has broken through the support line at 20-Jun-14:00. Possible bearish price movement forecast for the next 21 hours towards 0.7314. Supported by Downward sloping Moving Average
CHF/JPY 14-Jun-12:30 -> 21-Jun-00:30
Target Level: 114.6575
SL:
(A)
114.1280
Last TP of Rising Wedge
RL:
(B)
114.6575
Last TP of Rising Wedge
Target Period: 2 days
Interval
30 Minutes
Pattern
Rising Wedge
Length
164 Candles
Identified
20-Jun-23:30
Rising Wedge identified at 20-Jun-23:30. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 114.6575 within the next 2 days.
NZD/JPY 16-Jun-19:00 -> 21-Jun-00:30
Target Level: 80.5380
SL:
(A)
80.5380
Last TP of Descending Triangle
RL:
(B)
80.7910
Last TP of Descending Triangle
Target Period: 7 hours
Interval
30 Minutes
Pattern
Descending Triangle
Length
61 Candles
Identified
20-Jun-21:30
Descending Triangle identified at 20-Jun-21:30. This pattern is still in the process of forming. Possible bearish price movement towards the support 80.5380 within the next 7 hours. Supported by Downward sloping Moving Average
XAU/USD 15-Jun-18:00 -> 21-Jun-00:00
Target Level: 1240.1922
SL:
(B)
1240.1922
4 hours low volatility level
RL:
(A)
1245.9778
4 hours high volatility level
Target Period: 4 hours
Interval
1 hour
Length
40 Candles
Identified
20-Jun-23:00
Possible bearish price movement towards the support 1240.1922 within the next 4 hours. Supported by Downward sloping Moving Average
XAG/USD 14-Jun-13:00 -> 20-Jun-23:30
Target Level: 16.6445
SL:
(A)
16.4040
Last TP of Channel Down
RL:
(B)
16.6445
Last TP of Channel Down
Target Period: 23 hours
Interval
30 Minutes
Pattern
Channel Down
Length
152 Candles
Identified
20-Jun-21:30
Channel Down identified at 20-Jun-21:30. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 16.6445 within the next 23 hours.
WTI 16-Jun-05:30 -> 20-Jun-23:30
Target Level: 44.7300
SL:
(A)
42.9800
Last TP of Channel Down
RL:
(B)
44.7300
Last TP of Channel Down
Target Period: 8 hours
Interval
30 Minutes
Pattern
Channel Down
Length
77 Candles
Identified
20-Jun-18:30
Channel Down identified at 20-Jun-18:30. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 44.7300 within the next 8 hours.
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