Forex Report Asian Setion

EUR/USD

Summary :  Target Level : 1.1116 Target Period : 2 days  Analysis :  Triangle identified at 29-Sep-12:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.112 within the next 2 days. Resistance Levels :  ( B ) 1.1282Last resistance turning point of Triangle. Support Levels ( A ) 1.1116Last support turning point of Triangle. Chart date range :  15-Sep-20:00 GMT-> 30-Sep-04:00 GMT Data interval : 4 hour RSI: 34 Candles MA: 34 Candles

USD/JPY

Summary :  Target Level : 119.5305 Target Period : 6 hours  Analysis :  Pennant identified at 30-Sep-03:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 119.53 within the next 6 hours. Resistance Levels :  ( B ) 120.051Last resistance turning point of Pennant. Support Levels ( A ) 119.5305Last support turning point of Pennant. Chart date range :  25-Sep-21:00 GMT-> 30-Sep-06:00 GMT Data interval : hour RSI: 34 Candles MA: 34 Candles

USD/CAD

Summary :  Target Level : 1.3371 Target Period : 3 days  Analysis :  Rising Wedge identified at 30-Sep-04:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.337 within the next 3 days. Resistance Levels :  ( B ) 1.3458Last resistance turning point of Rising Wedge. Support Levels ( A ) 1.3371Last support turning point of Rising Wedge. Chart date range :  17-Sep-02:00 GMT-> 30-Sep-06:00 GMT Data interval : hour RSI: 34 Candles MA: 34 Candles

NZD/USD

Summary :  Target Level : 0.6288 Target Period : 3 days  Analysis :  Triangle identified at 29-Sep-21:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.629 within the next 3 days. Resistance Levels :  ( B ) 0.6395Last resistance turning point of Triangle. Support Levels ( A ) 0.6288Last support turning point of Triangle. Chart date range :  17-Sep-00:00 GMT-> 30-Sep-06:00 GMT Data interval : hour RSI: 34 Candles MA: 34 Candles

GBP/JPY

Summary :  Target Level : 184.4465 Target Period : 2 days  Analysis :  Falling Wedge identified at 30-Sep-04:00 2015 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 184.446 within the next 2 days. Supporting Indicators :  RSI below 40 Resistance Levels :  ( B ) 184.4465Last resistance turning point of Falling Wedge. Support Levels ( A ) 180.9525Last support turning point of Falling Wedge. Chart date range :  14-Sep-16:00 GMT-> 30-Sep-04:00 GMT Data interval : 4 hour RSI: 34 Candles MA: 34 Candles

GBP/CHF

Summary :  Target Level : 1.4985 Target Period : 2 days  Analysis :  Falling Wedge identified at 30-Sep-06:00 2015 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.498 within the next 2 days. Resistance Levels :  ( B ) 1.4985Last resistance turning point of Falling Wedge. Support Levels ( A ) 1.4683Last support turning point of Falling Wedge. Chart date range :  18-Sep-21:00 GMT-> 30-Sep-06:00 GMT Data interval : hour RSI: 34 Candles MA: 34 Candles

EUR/CAD

Summary :  Target Level : 1.4815 Target Period : 3 days  Analysis :  Rising Wedge identified at 30-Sep-06:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.482 within the next 3 days. Resistance Levels :  ( B ) 1.5159Last resistance turning point of Rising Wedge. Support Levels ( A ) 1.4815Last support turning point of Rising Wedge. Chart date range :  16-Sep-09:00 GMT-> 30-Sep-06:00 GMT Data interval : hour RSI: 34 Candles MA: 34 Candles

GBP/CAD

Summary :  Target Level : 2.026 Target Period : 17 hours  Analysis :  Channel Up identified at 29-Sep-20:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 2.026 within the next 17 hours. Resistance Levels :  ( B ) 2.0401Last resistance turning point of Channel Up. Support Levels ( A ) 2.026Last support turning point of Channel Up. Chart date range :  24-Sep-05:00 GMT-> 30-Sep-06:00 GMT Data interval : hour RSI: 34 Candles MA: 34 Candles

EUR/NZD

Summary :  Target Level : 1.795 Target Period : 3 days  Analysis :  Channel Down identified at 28-Sep-12:00 2015 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.795 within the next 3 days. Resistance Levels :  ( B ) 1.795Last resistance turning point of Channel Down. Support Levels ( A ) 1.7455Last support turning point of Channel Down. Chart date range :  10-Sep-08:00 GMT-> 30-Sep-04:00 GMT Data interval : 4 hour RSI: 34 Candles MA: 34 Candles

GBP/NZD

Summary :  Target Level : 2.3691 Target Period : 14 hours  Analysis :  Head and Shoulders identified at 29-Sep-20:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 2.369 within the next 14 hours. Supporting Indicators :  Downward sloping Moving Average Resistance Levels :  ( B ) 2.3917Last resistance turning point of Head and Shoulders. Support Levels ( A ) 2.3691Last support turning point of Head and Shoulders. Chart date range :  24-Sep-15:00 GMT-> 30-Sep-06:00 GMT Data interval : hour RSI: 34 Candles MA: 34 Candles

CAD/JPY

Summary :  Target Level : 90.9525 Target Period : 2 days  Analysis :  Falling Wedge identified at 29-Sep-12:00 2015 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 90.952 within the next 2 days. Resistance Levels :  ( B ) 90.9525Last resistance turning point of Falling Wedge. Support Levels ( A ) 88.88Last support turning point of Falling Wedge. Chart date range :  14-Sep-00:00 GMT-> 30-Sep-04:00 GMT Data interval : 4 hour RSI: 34 Candles MA: 34 Candles

CHF/JPY

Summary :  Target Level : 122.335 Target Period : 2 days  Analysis :  Descending Triangle identified at 29-Sep-20:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 122.335 within the next 2 days. Resistance Levels :  ( B ) 123.616Last resistance turning point of Descending Triangle. Support Levels ( A ) 122.335Last support turning point of Descending Triangle. Chart date range :  16-Sep-12:00 GMT-> 30-Sep-04:00 GMT Data interval : 4 hour RSI: 34 Candles MA: 34 Candles

Forex Technical Analysis Forex blog uk

Analysis for July 3^rd, 2015

EUR USD, "Euro vs US Dollar"

After returning to level of 1.1100, Eurodollar has started consolidating inside a narrow channel. We think, today, the price may continue forming its descending wave with the target at level of 1.0930. After that, the pair may return to level of 1.1180.

​

GBP USD, "Great Britain Pound vs US Dollar"

Pound is forming another consolidation channel. We think, today, the price may continue falling to reach level of 1.5506. Later, in our opinion, the market may form a correction to return to level of 1.5715.

Forex Technical Analysis 02.07.2015

 Forex Technical Analysis EUR USD, "Euro vs US Dollar"

Eurodollar is under pressure and continues falling; it has formed the central part of its continuation pattern. We think, today, the price may test level of 1.1100 from below and then fall towards level of 1.0965. After that, the pair may return to level of 1.1100 once again and then continue falling to reach level of 1.0930.

​

GBP USD, "Great Britain Pound vs US Dollar"

Pound has broken its consolidation channel downwards right now is extending this descending structure. We think, today, the price may reach level of 1.5560, at least. Later, in our opinion, the market may return to level of 1.5715.

USD JPY, "US Dollar vs Japanese Yen"

Yen is moving to return to the center of its consolidation channel. We think, today, the price may continue forming the current descending wave to break the minimum and reach level of 120.60. Later, in our opinion, the market may grow to return to level of 122.22 to test it from below and then form another descending structure to reach level of 119.00.

​

Forex trading online -forex technical analysis Report 01.07.2015

EUR USD, “Euro vs US Dollar”-forex technical analysis Report

Eurodollar has eliminated the gap and almost completed its correctional structure. We think, today, the price may start another descending movement towards level of 1.1090 and then return to level of 1.1185. After that, the pair may continue falling to reach level of 1.0930.

GBP USD, “Great Britain Pound vs US Dollar”

Pound has tried to expand its consolidation channel both downwards and upwards. We think, today, the price may expand it downwards again, to reach level of 1.5560 and then form another ascending structure with the target at level of 1.5940. After that, the market may continue falling inside the downtrend.

Forex Technical Analysis 30.06.2015 Forex trading blog uk

Forex Technical Analysis  Analysis for June 30th, 2015

EUR USD, “Euro vs US Dollar”

Eurodollar has eliminated the gap and almost completed its correctional structure. We think, today, the price may start another descending movement towards level of 1.1090 and then return to level of 1.1185. After that, the pair may continue falling to reach level of 1.0930.

GBP USD, “Great Britain Pound vs US Dollar”

Pound has tried to expand its consolidation channel both downwards and upwards. We think, today, the price may expand it downwards again. To reach level of 1.5560 and then form another ascending structure with the target at level of 1.5940. After that, the market may continue falling inside the downtrend.

USD JPY, “US Dollar vs Japanese Yen”


Yen is still consolidating. We think, today, the price may break the minimum and continue falling toward level of 120.80. Later, in our opinion, the market may return to level of 122.64 and then form another descending structure to reach level of 119.50.

Add caption

Forex trading blog -Forex Technical Analysis 29.06.2015

 Forex trading blog -Forex Technical Analysis :

 EUR USD, “Euro vs US Dollar”

Eurodollar’s reaction to the Greek problem was a strong gap down. The pair has reached the target level of its descending wave and right now is moving to return to level of 1.1180. However, we should note that the market is expected to form another descending structure to reach level of 1.0930. After that, the price may return to 1.1180.

GBP USD, “Great Britain Pound vs US Dollar”

Pound has renewed the minimum of its consolidation channel. Such scenario implies that the price may extend its descending wave towards level of 1.5560 and then form another ascending wave with the target at level of 1.5940. After that, the market may continue falling inside the downtrend.

USD JPY, “US Dollar vs Japanese Yen”

The market was opened with a gap down and Yen reached the target of its descending wave. We think, today, the price may be corrected to return to level of 123.30 and then form another descending wave to reach level of 121.70.