Forex Daily Analysis ( 2015.07.24)

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Source: AvaTrade Forex Broker  (Forex Rebate and Review)

Forex Market News

Summary :
Target Level : 1.0869
Target Period : 18 hours

Analysis :
Channel Up identified at 23-Jul-10:00 2015 GMT-5. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.087 within the next 18 hours.

Resistance Levels :
( B ) 1.1019Last resistance turning point of Channel Up.

Support Levels
( A ) 1.0869Last support turning point of Channel Up.

EUR/USD Chart

eur/usd

USD/JPY News

Summary :
Target Level : 124.3298
Target Period : 18 hours

Analysis :
Triangle has broken through the resistance line at 23-Jul-08:00 2015 GMT-5. Possible bullish price movement forecast for the next 18 hours towards 124.33.

Resistance Levels :
( B ) 124.115Last resistance turning point of Triangle.

Support Levels
( A ) 123.6765Last support turning point of Triangle.

USD/JPY Chart

USD/CHF Analysis 

Summary :
Target Level : 0.9473
Target Period : 3 days

Analysis :
Triangle has broken through the support line at 23-Jul-03:00 2015 GMT-5. Possible bearish price movement forecast for the next 3 days towards 0.947.

Resistance Levels :
( B ) 0.9634Last resistance turning point of Triangle.

Support Levels
( A ) 0.9561Last support turning point of Triangle.

USD/CHF Chart

USD/CAD Analysis 

Summary :
Target Level : 1.2948
Target Period : 14 hours

Analysis :
Triangle identified at 23-Jul-18:00 2015 GMT-5. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.295 within the next 14 hours.

Resistance Levels :
( B ) 1.3045Last resistance turning point of Triangle.

Support Levels
( A ) 1.2948Last support turning point of Triangle.

USD/CAD Analysis 

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