Forex Daily Analysis (2015.10.01)

Source: AvaTrade Forex Broker (Review and Forex Rebate Up to 85%) 

EUR/USD News

Summary :
Target Level : 1.1116
Target Period : 2 days

Analysis :
Triangle identified at 30-Sep-08:00 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.

Supporting Indicators :
Downward sloping Moving Average

Resistance Levels :
( B ) 1.1282Last resistance turning point of Triangle.

Support Levels
( A ) 1.1116Last support turning point of Triangle.

EURUSD Chart

USDJPY News

Summary :
Target Level : 119.247
Target Period : 3 days

Analysis :
Head and Shoulders identified at 01-Oct-00:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 119.247 within the next 3 days.

Resistance Levels :
( B ) 120.36Last resistance turning point of Head and Shoulders.

Support Levels
( A ) 119.247Last support turning point of Head and Shoulders.

USDJPY Chart

GBP/USD News

Summary :
Target Level : 1.5214
Target Period : 22 hours

Analysis :
Channel Down identified at 01-Oct-05:00 2015 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.521 within the next 22 hours.

Resistance Levels :
( B ) 1.5214Last resistance turning point of Channel Down.

Support Levels
( A ) 1.5107Last support turning point of Channel Down.

GBPUSD Chart

USD/CHF News

Summary :
Target Level : 0.9804
Target Period : 2 days

Analysis :
Flag has broken through the resistance line at 30-Sep-16:00 2015 GMT. Possible bullish price movement forecast for the next 2 days towards 0.98.

Supporting Indicators :
Upward sloping Moving Average

Resistance Levels :
( B ) 0.9816Last resistance turning point of Flag.

Support Levels
( A ) 0.9686Last support turning point of Flag.

USD/CHF Chart