AutochartistForex (European Session) for Sept 06, 2017

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
30-Aug-22:00 -> 05-Sep-01:00
Target Level: 1.1929
SL:(B)1.18824 hours low volatility level
RL:(A)1.19294 hours high volatility level
Target Period: 4 hours

Interval1 hour
Length40 Candles
Identified05-Sep-00:00
Possible bullish price movement towards the resistance 1.1929 within the next 4 hours.
Supported by Upward sloping Moving Average
USD/JPY
30-Aug-22:00 -> 05-Sep-01:00
Target Level: 109.1423
SL:(B)109.14234 hours low volatility level
RL:(A)109.54974 hours high volatility level
Target Period: 4 hours

Interval1 hour
Length40 Candles
Identified05-Sep-00:00
Possible bearish price movement towards the support 109.1423 within the next 4 hours.
Supported by Downward sloping Moving Average
GBP/USD
15-Aug-23:00 -> 05-Sep-03:00
Target Level: 1.2851
SL:(A)1.2851Last TP of Rising Wedge
RL:(B)1.2996Last TP of Rising Wedge
Target Period: 2 days

Interval4 hour
PatternRising Wedge
Length43 Candles
Identified03-Sep-23:00
Rising Wedge identified at 03-Sep-23:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.2851 within the next 2 days.
AUD/USD
15-Aug-23:00 -> 05-Sep-03:00
Target Level: 0.7868
SL:(A)0.7868Last TP of Rectangle
RL:(B)0.7995Last TP of Rectangle
Target Period: 2 days

Interval4 hour
PatternRectangle
Length44 Candles
Identified04-Sep-03:00
Rectangle identified at 04-Sep-03:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.7868 within the next 2 days.
USD/CHF
21-Aug-11:00 -> 05-Sep-03:00
Target Level: 0.9503
SL:(A)0.9545Last TP of Triangle
RL:(B)0.9652Last TP of Triangle
Target Period: 12 hours

Interval4 hour
PatternTriangle
Length25 Candles
Identified04-Sep-07:00
Triangle has broken through the support line at 04-Sep-07:00. Possible bearish price movement forecast for the next 12 hours towards 0.9503.
Supported by Downward sloping Moving Average
NZD/USD
15-Aug-23:00 -> 05-Sep-03:00
Target Level: 0.7129
SL:(A)0.7129Last TP of Falling Wedge
RL:(B)0.7178Last TP of Falling Wedge
Target Period: 3 days

Interval4 hour
PatternFalling Wedge
Length48 Candles
Identified04-Sep-19:00
Falling Wedge identified at 04-Sep-19:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.7129 within the next 3 days.
Supported by Downward sloping Moving Average
GBP/JPY
17-Aug-20:00 -> 05-Sep-01:00
Target Level: 139.9800
Target Period: 3 days

Interval1 hour
PatternSupport
Length233 Candles
Identified04-Sep-22:00
Approaching Support level of 139.9800 identified at 04-Sep-22:00
Supported by Downward sloping Moving Average
EUR/CHF
04-Sep-00:00 -> 05-Sep-00:45
Target Level: 1.1406
SL:(A)1.1366Last TP of Channel Down
RL:(B)1.1406Last TP of Channel Down
Target Period: 5 hours

Interval15 Minutes
PatternChannel Down
Length59 Candles
Identified05-Sep-00:30
Channel Down identified at 05-Sep-00:30. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.1406 within the next 5 hours.
GBP/CHF
25-Aug-04:30 -> 05-Sep-01:00
Target Level: 1.2324
Target Period: 2 days

Interval30 Minutes
PatternSupport
Length262 Candles
Identified04-Sep-21:30
Approaching Support level of 1.2324 identified at 04-Sep-21:30
Supported by Downward sloping Moving Average
EUR/CAD
28-Aug-12:00 -> 05-Sep-01:00
Target Level: 1.4676
SL:(A)1.4676Last TP of Channel Down
RL:(B)1.4765Last TP of Channel Down
Target Period: 2 days

Interval30 Minutes
PatternChannel Down
Length210 Candles
Identified05-Sep-00:30
Channel Down identified at 05-Sep-00:30. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.4676 within the next 2 days.
Supported by Downward sloping Moving Average
GBP/CAD
04-Sep-00:45 -> 05-Sep-00:45
Target Level: 1.6010
SL:(A)1.6010Last TP of Triangle
RL:(B)1.6036Last TP of Triangle
Target Period: 5 hours

Interval15 Minutes
PatternTriangle
Length57 Candles
Identified05-Sep-00:45
Triangle identified at 05-Sep-00:45. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.6010 within the next 5 hours.
Supported by Downward sloping Moving Average
EUR/NZD
18-Aug-02:00 -> 05-Sep-01:00
Target Level: 1.6673
SL:(A)1.6572Last TP of Rising Wedge
RL:(B)1.6673Last TP of Rising Wedge
Target Period: 4 days

Interval1 hour
PatternRising Wedge
Length228 Candles
Identified04-Sep-22:00
Rising Wedge identified at 04-Sep-22:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.6673 within the next 4 days.
Supported by Upward sloping Moving Average
GBP/NZD
21-Aug-23:00 -> 05-Sep-01:00
Target Level: 1.8079
SL:(A)1.7990Last TP of Channel Up
RL:(B)1.8079Last TP of Channel Up
Target Period: 3 days

Interval1 hour
PatternChannel Up
Length184 Candles
Identified04-Sep-19:00
Channel Up identified at 04-Sep-19:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.8079 within the next 3 days.
CAD/JPY
20-Aug-19:00 -> 05-Sep-03:00
Target Level: 87.6105
SL:(A)87.3200Last TP of Channel Up
RL:(B)89.0350Last TP of Channel Up
Target Period: 2 days

Interval4 hour
PatternChannel Up
Length32 Candles
Identified04-Sep-23:00
Channel Up has broken through the support line at 04-Sep-23:00. Possible bearish price movement forecast for the next 2 days towards 87.6105.
Supported by RSI above 60
CAD/CHF
30-Aug-16:00 -> 05-Sep-01:00
Target Level: 0.7687
SL:(A)0.7687Last TP of Triangle
RL:(B)0.7726Last TP of Triangle
Target Period: 11 hours

Interval1 hour
PatternTriangle
Length41 Candles
Identified04-Sep-23:00
Triangle identified at 04-Sep-23:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.7687 within the next 11 hours.
Supported by Downward sloping Moving Average
CHF/JPY
22-Aug-07:00 -> 05-Sep-03:00
Target Level: 114.8700
SL:(A)113.8700Last TP of Flag
RL:(B)114.8700Last TP of Flag
Target Period: 5 hours

Interval4 hour
PatternFlag
Length20 Candles
Identified04-Sep-07:00
Flag identified at 04-Sep-07:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 114.8700 within the next 5 hours.
Supported by Upward sloping Moving Average
XAU/USD
17-Aug-11:00 -> 05-Sep-03:00
Target Level: 1299.5000
SL:(A)1299.5000Last TP of Rising Wedge
RL:(B)1339.0600Last TP of Rising Wedge
Target Period: 2 days

Interval4 hour
PatternRising Wedge
Length38 Candles
Identified04-Sep-11:00
Rising Wedge identified at 04-Sep-11:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 1299.5000 within the next 2 days.
XAG/USD
17-Aug-07:00 -> 05-Sep-03:00
Target Level: 17.4300
SL:(A)17.4300Last TP of Rising Wedge
RL:(B)18.0100Last TP of Rising Wedge
Target Period: 2 days

Interval4 hour
PatternRising Wedge
Length40 Candles
Identified04-Sep-19:00

Rising Wedge identified at 04-Sep-19:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 17.4300 within the next 2 days.

Disclaimer

The research contained in this report should not be construed as a solicitation to trade. All opinions, news, research, analyses, prices or other information is provided as general market commentary and not as investment advice.

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