Market Watch: The Week Ahead

EUR/USD: Falling Wedge identified at 23-Feb-04:15. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.1339 within the next 6 hours. This message contains images. If you do not see the images, please ensure that you enable images to be downloaded. Click here to view this report online.

Forex Report Market Summary   Notifications Upcoming High Impact Economic Releases   Daily Notification GfK Consumer Confidence 23-Feb-07:00     We have awesome content to share with you. Please join us on Social Media to keep up to date: Click Here to Subscribe to our YouTube channel Click Here to Like us on Facebook Click Here to Follow us on Twitter Market Movements Report Time: 23-Feb-2022 06:12 UTC Symbol Latest Price Daily Change EURUSD 1.133 0% USDJPY 115.043 0% GBPUSD 1.359 0.04% USDCHF 0.921 0.01% Dow 33,594.85 1.42% Nasdaq 13,909.55 0.27% S&P 500 4,311.52 0.15% FTSE 7,463.5 0.11%   Market Reports are generated 3 times per day. Each 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 21-Feb-23:45 -> 23-Feb-05:00 Target Level: 1.1339   SL: (A) 1.1320 Last TP of Falling Wedge RL: (B) 1.1339 Last TP of Falling Wedge Target Period: 6 hours   Interval 15 Minutes Pattern Falling Wedge Length 73 Candles Identified 23-Feb-04:15 Falling Wedge identified at 23-Feb-04:15. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.1339 within the next 6 hours. USD/JPY 02-Feb-09:00 -> 23-Feb-05:00 Target Level: 115.7790   SL: (A) 114.5000 Last TP of Falling Wedge RL: (B) 115.7790 Last TP of Falling Wedge Target Period: 2 days   Interval 4 hour Pattern Falling Wedge Length 47 Candles Identified 22-Feb-13:00 Falling Wedge identified at 22-Feb-13:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 115.7790 within the next 2 days. Supported by RSI below 40 GBP/USD 02-Feb-05:00 -> 23-Feb-05:00 Target Level: 1.3643   SL: (A) 1.3538 Last TP of Ascending Triangle RL: (B) 1.3643 Last TP of Ascending Triangle Target Period: 2 days   Interval 4 hour Pattern Ascending Triangle Length 50 Candles Identified 23-Feb-01:00 Ascending Triangle identified at 23-Feb-01:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.3643 within the next 2 days. Supported by Upward sloping Moving Average AUD/USD 17-Feb-18:30 -> 23-Feb-05:00 Target Level: 0.7172   SL: (A) 0.7172 Last TP of Channel Up RL: (B) 0.7241 Last TP of Channel Up Target Period: 18 hours   Interval 30 Minutes Pattern Channel Up Length 117 Candles Identified 23-Feb-03:30 Channel Up identified at 23-Feb-03:30. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.7172 within the next 18 hours. USD/CHF 18-Feb-19:00 -> 23-Feb-05:00 Target Level: 0.9219   SL: (B) 0.9193 4 hours low volatility level RL: (A) 0.9219 4 hours high volatility level Target Period: 4 hours   Interval 1 hour Length 24 Candles Identified 23-Feb-05:00 Possible bullish price movement towards the resistance 0.9219 within the next 4 hours. Supported by Upward sloping Moving Average GBP/JPY 27-Jan-21:00 -> 23-Feb-05:00 Target Level: 157.2890   SL: (A) 155.5110 Last TP of Triangle RL: (B) 157.2890 Last TP of Triangle Target Period: 3 days   Interval 4 hour Pattern Triangle Length 62 Candles Identified 22-Feb-17:00 Triangle identified at 22-Feb-17:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 157.2890 within the next 3 days. EUR/JPY 08-Feb-11:00 -> 23-Feb-05:00 Target Level: 129.3570   SL: (A) 129.3570 Last TP of Falling Wedge RL: (B) 130.7660 Last TP of Falling Wedge Target Period: 3 days   Interval 1 hour Pattern Falling Wedge Length 201 Candles Identified 23-Feb-02:00 Falling Wedge identified at 23-Feb-02:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 129.3570 within the next 3 days. EUR/CHF 10-Feb-17:00 -> 23-Feb-05:00 Target Level: 1.0338   SL: (A) 1.0338 Last TP of Channel Down RL: (B) 1.0462 Last TP of Channel Down Target Period: 2 days   Interval 1 hour Pattern Channel Down Length 152 Candles Identified 23-Feb-03:00 Channel Down identified at 23-Feb-03:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.0338 within the next 2 days. GBP/CHF 03-Feb-13:00 -> 23-Feb-05:00 Target Level: 1.2575   SL: (A) 1.2428 Last TP of Channel Down RL: (B) 1.2575 Last TP of Channel Down Target Period: 2 days   Interval 4 hour Pattern Channel Down Length 41 Candles Identified 22-Feb-17:00 Channel Down identified at 22-Feb-17:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.2575 within the next 2 days. Supported by Upward sloping Moving Average EUR/CAD 07-Feb-13:00 -> 23-Feb-05:00 Target Level: 1.4498   SL: (A) 1.4405 Last TP of Ascending Triangle RL: (B) 1.4498 Last TP of Ascending Triangle Target Period: day   Interval 4 hour Pattern Ascending Triangle Length 31 Candles Identified 22-Feb-21:00 Ascending Triangle identified at 22-Feb-21:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.4498 within the next day. Supported by Upward sloping Moving Average GBP/CAD 03-Feb-05:00 -> 23-Feb-05:00 Target Level: 1.7378   SL: (A) 1.7232 Last TP of Channel Up RL: (B) 1.7378 Last TP of Channel Up Target Period: 2 days   Interval 4 hour Pattern Channel Up Length 46 Candles Identified 23-Feb-05:00 Channel Up identified at 23-Feb-05:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.7378 within the next 2 days. Supported by Upward sloping Moving Average EUR/NZD 18-Jan-21:00 -> 22-Feb-21:00 Target Period: 16 hours   Interval Daily Pattern Consecutive Candles Length 5 Candles Identified 22-Feb-21:00 EUR/NZD experienced 5 consecutive bearish candles. Possible bullish price movement to follow. CAD/JPY 02-Feb-09:00 -> 23-Feb-05:00 Target Level: 91.3980   SL: (A) 89.6920 Last TP of Channel Down RL: (B) 91.3980 Last TP of Channel Down Target Period: 2 days   Interval 4 hour Pattern Channel Down Length 47 Candles Identified 22-Feb-13:00 Channel Down identified at 22-Feb-13:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 91.3980 within the next 2 days. CAD/CHF 10-Feb-07:00 -> 23-Feb-05:00 Target Level: 0.7171   SL: (A) 0.7171 Last TP of Channel Down RL: (B) 0.7249 Last TP of Channel Down Target Period: 2 days   Interval 1 hour Pattern Channel Down Length 162 Candles Identified 23-Feb-03:00 Channel Down identified at 23-Feb-03:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.7171 within the next 2 days. NZD/JPY 02-Feb-09:00 -> 23-Feb-05:00 Target Level: 78.3733   SL: (A) 76.4900 Last TP of Triangle Target Period: 2 days   Interval 4 hour Pattern Triangle Length 47 Candles Identified 22-Feb-13:00 Triangle has broken through the resistance line at 22-Feb-13:00. Possible bullish price movement forecast for the next 2 days towards 78.3733. Supported by Upward sloping Moving Average Disclaimer This service is subject to this privacy policy, disclaimers and terms and conditions.

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