Market Reports are generated 3 times per day before the open of Tokyo, London and New York.

Forex Report10-Sep-2018 06:12 GMT
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.

EUR/USD
Summary : 
Target Level : 1.153
Target Period : 17 hours 

Analysis : 
Descending Triangle identified at 07-Sep-14:00 2018 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.1530 within the next 17 hours.

Supporting Indicators : 
Downward sloping Moving Average

Resistance Levels : 
( B ) 1.1649Last resistance turning point of Descending Triangle.

Support Levels
( A ) 1.153Last support turning point of Descending Triangle.


Chart date range : 
15-Aug-06:00 GMT-> 10-Sep-06:00 GMT
Data interval :4 hour
RSI:34 Candles
MA:34 Candles
USD/JPY
Summary : 
Target Level : 110.38
Target Period : 2 days 

Analysis : 
Falling Wedge identified at 10-Sep-00:00 2018 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 110.3800 within the next 2 days.

Supporting Indicators : 
RSI above 60

Resistance Levels : 
( B ) 111.25Last resistance turning point of Falling Wedge.

Support Levels
( A ) 110.38Last support turning point of Falling Wedge.


Chart date range : 
29-Aug-10:00 GMT-> 10-Sep-06:00 GMT
Data interval :1 hour
RSI:34 Candles
MA:34 Candles
GBP/USD
Summary : 
Target Level : 1.2786
Target Period : 21 hours 

Analysis : 
Descending Triangle identified at 07-Sep-18:00 2018 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.2786 within the next 21 hours.

Resistance Levels : 
( B ) 1.3029Last resistance turning point of Descending Triangle.

Support Levels
( A ) 1.2786Last support turning point of Descending Triangle.


Chart date range : 
15-Aug-10:00 GMT-> 10-Sep-06:00 GMT
Data interval :4 hour
RSI:34 Candles
MA:34 Candles
USD/CHF
Summary : 
Target Level : 0.9768
Target Period : 15 hours 

Analysis : 
Falling Wedge identified at 07-Sep-14:00 2018 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 0.9768 within the next 15 hours.

Resistance Levels : 
( B ) 0.9768Last resistance turning point of Falling Wedge.

Support Levels
( A ) 0.9642Last support turning point of Falling Wedge.


Chart date range : 
15-Aug-14:00 GMT-> 10-Sep-06:00 GMT
Data interval :4 hour
RSI:34 Candles
MA:34 Candles
USD/CAD
Summary : 
Target Level : 1.3209
Target Period : 21 hours 

Analysis : 
Rising Wedge identified at 07-Sep-18:00 2018 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.3209 within the next 21 hours.

Supporting Indicators : 
Upward sloping Moving Average

Resistance Levels : 
( B ) 1.3209Last resistance turning point of Rising Wedge.

Support Levels
( A ) 1.3111Last support turning point of Rising Wedge.


Chart date range : 
15-Aug-10:00 GMT-> 10-Sep-06:00 GMT
Data interval :4 hour
RSI:34 Candles
MA:34 Candles
EUR/JPY
Summary : 
Target Level : 126.5481
Target Period : 2 days 

Analysis : 
Triangle has broken through the support line at 06-Sep-18:00 2018 GMT. Possible bearish price movement forecast for the next 2 days towards 126.5481.

Supporting Indicators : 
Downward sloping Moving Average

Resistance Levels : 
( A ) 129.965Last resistance turning point of Triangle.

Support Levels 

Chart date range : 
06-Aug-14:00 GMT-> 10-Sep-06:00 GMT
Data interval :4 hour
RSI:34 Candles
MA:34 Candles
EUR/CHF
Summary : 
Target Level : 1.1158
Target Period : 14 hours 

Analysis : 
Broke through Support level of 1.1238 at 06-Sep-22:00 2018 GMT

Chart date range : 
06-Aug-10:00 GMT-> 10-Sep-06:00 GMT
Data interval :4 hour
RSI:34 Candles
MA:34 Candles
GBP/CHF
Summary : 
Target Level : 1.247
Target Period : 2 days 

Analysis : 
Channel Down identified at 06-Sep-22:00 2018 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.2470 within the next 2 days.

Supporting Indicators : 
Downward sloping Moving Average

Resistance Levels : 
( B ) 1.2625Last resistance turning point of Channel Down.

Support Levels
( A ) 1.247Last support turning point of Channel Down.


Chart date range : 
06-Aug-14:00 GMT-> 10-Sep-06:00 GMT
Data interval :4 hour
RSI:34 Candles
MA:34 Candles
EUR/CAD
Summary : 
Target Level : 1.506
Target Period : 3 days 

Analysis : 
Channel Up has broken through the support line at 07-Sep-14:00 2018 GMT. Possible bearish price movement forecast for the next 3 days towards 1.5060.

Supporting Indicators : 
Downward sloping Moving Average

Resistance Levels : 
( B ) 1.5371Last resistance turning point of Channel Up.

Support Levels
( A ) 1.5114Last support turning point of Channel Up.


Chart date range : 
06-Aug-02:00 GMT-> 10-Sep-06:00 GMT
Data interval :4 hour
RSI:34 Candles
MA:34 Candles
GBP/CAD
Summary : 
Target Level : 1.7118
Target Period : 6 hours 

Analysis : 
Rising Wedge identified at 10-Sep-02:00 2018 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.7118 within the next 6 hours.

Supporting Indicators : 
Upward sloping Moving Average

Resistance Levels : 
( B ) 1.7118Last resistance turning point of Rising Wedge.

Support Levels
( A ) 1.6999Last support turning point of Rising Wedge.


Chart date range : 
05-Sep-03:00 GMT-> 10-Sep-06:00 GMT
Data interval :1 hour
RSI:34 Candles
MA:34 Candles
EUR/NZD
Summary : 
Target Level : 1.7635
Target Period : 14 hours 

Analysis : 
Channel Up identified at 10-Sep-05:30 2018 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.7635 within the next 14 hours.

Resistance Levels : 
( B ) 1.7736Last resistance turning point of Channel Up.

Support Levels
( A ) 1.7635Last support turning point of Channel Up.


Chart date range : 
05-Sep-09:00 GMT-> 10-Sep-06:00 GMT
Data interval :30 Minutes
RSI:34 Candles
MA:34 Candles
GBP/NZD
Summary : 
Target Level : 1.9779
Target Period : 5 hours 

Analysis : 
Rising Wedge has broken through the support line at 10-Sep-05:30 2018 GMT. Possible bearish price movement forecast for the next 5 hours towards 1.9779.

Resistance Levels : 
( B ) 1.984Last resistance turning point of Rising Wedge.

Support Levels
( A ) 1.9753Last support turning point of Rising Wedge.


Chart date range : 
06-Sep-15:30 GMT-> 10-Sep-06:00 GMT
Data interval :30 Minutes
RSI:34 Candles
MA:34 Candles
CHF/JPY
Summary : 
Target Level : 116.3685
Target Period : 2 days 

Analysis : 
Triangle has broken through the resistance line at 07-Sep-14:00 2018 GMT. Possible bullish price movement forecast for the next 2 days towards 116.3685.

Resistance Levels : 
( B ) 114.94Last resistance turning point of Triangle.

Support Levels
( A ) 114.34Last support turning point of Triangle.


Chart date range : 
10-Aug-02:00 GMT-> 10-Sep-06:00 GMT
Data interval :4 hour
RSI:34 Candles
MA:34 Candles
NZD/JPY
Summary : 
Target Level : 73.02
Target Period : 12 hours 

Analysis : 
Channel Down identified at 10-Sep-05:00 2018 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 73.0200 within the next 12 hours.

Resistance Levels : 
( B ) 73.02Last resistance turning point of Channel Down.

Support Levels
( A ) 72.26Last support turning point of Channel Down.


Chart date range : 
05-Sep-16:00 GMT-> 10-Sep-06:00 GMT
Data interval :30 Minutes
RSI:34 Candles
MA:34 Candles
XAU/USD
Summary : 
Target Level : 1189.67
Target Period : 9 hours 

Analysis : 
Triangle identified at 07-Sep-10:00 2018 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 1189.6700 within the next 9 hours.

Supporting Indicators : 
Downward sloping Moving Average

Resistance Levels : 
( B ) 1207.03Last resistance turning point of Triangle.

Support Levels
( A ) 1189.67Last support turning point of Triangle.


Chart date range : 
15-Aug-10:00 GMT-> 10-Sep-06:00 GMT
Data interval :4 hour
RSI:34 Candles
MA:34 Candles
XAG/USD
Summary : 
Target Level : 14.01
Target Period : 2 days 

Analysis : 
Falling Wedge identified at 07-Sep-22:00 2018 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 14.0100 within the next 2 days.

Supporting Indicators : 
Downward sloping Moving Average

Resistance Levels : 
( B ) 14.259Last resistance turning point of Falling Wedge.

Support Levels
( A ) 14.01Last support turning point of Falling Wedge.


Chart date range : 
15-Aug-06:00 GMT-> 10-Sep-06:00 GMT
Data interval :4 hour
RSI:34 Candles
MA:34 Candles

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