Daily Technical Analysis 30 July , 2015

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Daily Technical Analysis 30 July , 2015

Source : AvaTrade Forex Broker (Review and Rebate Program )

USD/JPY 

Summary :
Target Level : 124.2845
Target Period : 3 days

Analysis :
Channel Down has broken through the resistance line at 29-Jul-11:00 2015 GMT-5. Possible bullish price movement forecast for the next 3 days towards 124.284.

Supporting Indicators :
Upward sloping Moving Average

Resistance Levels :

Support Levels
( A ) 123.07Last support turning point of Channel Down.

USD/JPY Chart

AUD/USD

Summary :
Target Level : 0.7262
Target Period : 21 hours

Analysis :
Head and Shoulders identified at 30-Jul-01:30 2015 GMT-5. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.726 within the next 21 hours.

Supporting Indicators :
Downward sloping Moving Average

Resistance Levels :
( B ) 0.7325Last resistance turning point of Head and Shoulders.

Support Levels
( A ) 0.7262Last support turning point of Head and Shoulders.

AUD/USD Chart

USD/CAD

Summary :
Target Level : 1.3024
Target Period : 2 days

Analysis :
Flag identified at 29-Jul-23:00 2015 GMT-5. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.302 within the next 2 days.

Resistance Levels :
( B ) 1.3024Last resistance turning point of Flag.

Support Levels
( A ) 1.2858Last support turning point of Flag.

USD/CAD Chart

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