Forex Report Time: 16-Oct-2017

Forex Report
Market Summary Notifications
Upcoming High Impact Economic Releases Daily Notification
RBA Meeting Minutes16-Oct-19:30   
 
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Market MovementsReport Time: 16-Oct-2017 01:10 EST
SymbolLatest PriceDaily Change
EURUSD1.18 0.35%
USDJPY111.903 0.04%
GBPUSD1.328 0.18%
USDCHF0.976 0.13%
Dow22,871.72 0.16%
Nasdaq6,093.34 0.49%
S&P 5002,553.5 0.11%
FTSE7,521 0.25%
 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
10-Oct-23:00 -> 16-Oct-01:00		Target Level: 1.1775
 
SL:(B)1.17754 hours low volatility level
RL:(A)1.18184 hours high volatility level
Target Period: 4 hours
 
Interval1 hour
Length40 Candles
Identified16-Oct-01:00
Possible bearish price movement towards the support 1.1775 within the next 4 hours.
Supported by Downward sloping Moving Average
USD/JPY
02-Oct-04:00 -> 16-Oct-03:00		Target Level: 112.4530
 
SL:(A)111.6800Last TP of Channel Down
RL:(B)112.4530Last TP of Channel Down
Target Period: 2 days
 
Interval4 hour
PatternChannel Down
Length25 Candles
Identified15-Oct-23:00
Channel Down identified at 15-Oct-23:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 112.4530 within the next 2 days.
Supported by RSI below 40
GBP/USD
12-Oct-10:00 -> 16-Oct-01:00		Target Level: 1.3263
 
SL:(A)1.3272Last TP of Triangle
RL:(B)1.3296Last TP of Triangle
Target Period: 6 hours
 
Interval30 Minutes
PatternTriangle
Length40 Candles
Identified16-Oct-01:00
Triangle has broken through the support line at 16-Oct-01:00. Possible bearish price movement forecast for the next 6 hours towards 1.3263.
USD/CHF
24-Sep-16:00 -> 16-Oct-03:00		Target Level: 0.9709
 
SL:(A)0.9709Last TP of Head and Shoulders
RL:(B)0.9771Last TP of Head and Shoulders
Target Period: 7 hours
 
Interval4 hour
PatternHead and Shoulders
Length52 Candles
Identified13-Oct-15:00
Head and Shoulders identified at 13-Oct-15:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.9709 within the next 7 hours.
Supported by Downward sloping Moving Average
USD/CAD
24-Sep-16:00 -> 16-Oct-03:00		Target Level: 1.2431
 
SL:(A)1.2431Last TP of Head and Shoulders
RL:(B)1.2520Last TP of Head and Shoulders
Target Period: 3 days
 
Interval4 hour
PatternHead and Shoulders
Length54 Candles
Identified15-Oct-19:00
Head and Shoulders identified at 15-Oct-19:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.2431 within the next 3 days.
Supported by Downward sloping Moving Average
NZD/USD
12-Oct-01:30 -> 16-Oct-01:00		Target Level: 0.7196
 
SL:(A)0.7164Last TP of Channel Up
RL:(B)0.7196Last TP of Channel Up
Target Period: 10 hours
 
Interval15 Minutes
PatternChannel Up
Length138 Candles
Identified15-Oct-23:45
Channel Up identified at 15-Oct-23:45. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 0.7196 within the next 10 hours.
GBP/JPY
12-Sep-12:00 -> 16-Oct-03:00		Target Level: 147.0100
 
SL:(A)147.0100Last TP of Channel Down
RL:(B)149.2620Last TP of Channel Down
Target Period: 3 days
 
Interval4 hour
PatternChannel Down
Length97 Candles
Identified13-Oct-15:00
Channel Down identified at 13-Oct-15:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 147.0100 within the next 3 days.
GBP/CHF
14-Sep-08:00 -> 16-Oct-03:00		Target Level: 1.3076
 
SL:(A)1.2781Last TP of Triangle
Target Period: 22 hours
 
Interval4 hour
PatternTriangle
Length81 Candles
Identified12-Oct-15:00
Triangle has broken through the resistance line at 12-Oct-15:00. Possible bullish price movement forecast for the next 22 hours towards 1.3076.
Supported by Upward sloping Moving Average
EUR/CAD
18-Sep-16:00 -> 16-Oct-03:00		Target Level: 1.4838
 
SL:(A)1.4718Last TP of Rising Wedge
RL:(B)1.4838Last TP of Rising Wedge
Target Period: 2 days
 
Interval4 hour
PatternRising Wedge
Length73 Candles
Identified13-Oct-11:00
Rising Wedge identified at 13-Oct-11:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.4838 within the next 2 days.
EUR/NZD
12-Oct-00:45 -> 16-Oct-01:00		Target Level: 1.6424
 
SL:(A)1.6424Last TP of Channel Down
RL:(B)1.6465Last TP of Channel Down
Target Period: 11 hours
 
Interval15 Minutes
PatternChannel Down
Length144 Candles
Identified16-Oct-00:45
Channel Down identified at 16-Oct-00:45. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.6424 within the next 11 hours.
Supported by Downward sloping Moving Average
GBP/NZD
17-Sep-16:00 -> 16-Oct-03:00		Target Level: 1.8693
 
SL:(A)1.8453Last TP of Triangle
RL:(B)1.8693Last TP of Triangle
Target Period: 2 days
 
Interval4 hour
PatternTriangle
Length77 Candles
Identified13-Oct-03:00
Triangle identified at 13-Oct-03:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.8693 within the next 2 days.
CAD/JPY
10-Oct-14:15 -> 16-Oct-01:00		Target Level: 89.3500
 
SL:(A)89.3500Last TP of Falling Wedge
RL:(B)89.7790Last TP of Falling Wedge
Target Period: 19 hours
 
Interval15 Minutes
PatternFalling Wedge
Length262 Candles
Identified15-Oct-22:45
Falling Wedge identified at 15-Oct-22:45. This pattern is still in the process of forming. Possible bearish price movement towards the support 89.3500 within the next 19 hours.
Supported by Downward sloping Moving Average
NZD/JPY
11-Sep-12:00 -> 16-Oct-03:00		Target Level: 81.4567
 
SL:(A)79.3680Last TP of Channel Down
RL:(B)81.3200Last TP of Channel Down
Target Period: 3 days
 
Interval4 hour
PatternChannel Down
Length101 Candles
Identified13-Oct-11:00
Channel Down has broken through the resistance line at 13-Oct-11:00. Possible bullish price movement forecast for the next 3 days towards 81.4567.
Supported by Upward sloping Moving Average
XAU/USD
09-Oct-22:00 -> 16-Oct-01:00		Target Level: 1291.0000
 
SL:(A)1291.0000Last TP of Channel Up
RL:(B)1304.2800Last TP of Channel Up
Target Period: 13 hours
 
Interval1 hour
PatternChannel Up
Length55 Candles
Identified15-Oct-21:00
Channel Up identified at 15-Oct-21:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 1291.0000 within the next 13 hours.
XAG/USD
04-Oct-11:00 -> 16-Oct-01:00		Target Level: 17.1600
 
SL:(A)17.1600Last TP of Rising Wedge
RL:(B)17.4030Last TP of Rising Wedge
Target Period: 2 days
 
Interval1 hour
PatternRising Wedge
Length131 Candles
Identified15-Oct-23:00
Rising Wedge identified at 15-Oct-23:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 17.1600 within the next 2 days.
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