Market Watch: The Week Ahead

EUR/USD: Broke through Support level of 1.0510 at 02-May-18:00 Supported by Downward sloping Moving Average USD/JPY: Rising Wedge identified at 02-May-17:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 131.2520 within the next 2 days. Supported by Upward sloping Moving Average This message contains images. If you do not see the images, please ensure that you enable images to be downloaded.

Forex Report Market Summary   Notifications Upcoming High Impact Economic Releases   Daily Notification JOLTs Job Openings 03-May-14:00   RBA Interest Rate Decision 03-May-04:30   Unemployment Rate 03-May-09:00     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: 02-May-2022 22:13 UTC Symbol Latest Price Daily Change EURUSD 1.05 0.18% USDJPY 130.195 0.07% GBPUSD 1.249 0.57% USDCHF 0.978 0.36% Dow 33,066.91 0.27% Nasdaq 12,974.12 0.9% S&P 500 4,129.44 0.07%   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 25-Apr-23:00 -> 02-May-22:00 Target Level: 1.0464 Target Period: 14 hours   Interval 1 hour Pattern Support Length 74 Candles Identified 02-May-18:00 Broke through Support level of 1.0510 at 02-May-18:00 Supported by Downward sloping Moving Average USD/JPY 12-Apr-21:00 -> 03-May-01:00 Target Level: 131.2520   Support: (A) 129.6980 Last TP of Rising Wedge Resistance: (B) 131.2520 Last TP of Rising Wedge Target Period: 2 days   Interval 4 hour Pattern Rising Wedge Length 45 Candles Identified 02-May-17:00 Rising Wedge identified at 02-May-17:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 131.2520 within the next 2 days. Supported by Upward sloping Moving Average GBP/USD 13-Mar-21:00 -> 02-May-21:00   Interval Daily Pattern Big Movement Length 12 Candles Identified 02-May-21:00 GBP/USD experienced a 4.49% bearish movement in the last 19 days. AUD/USD 18-Apr-09:00 -> 03-May-01:00 Target Level: 0.7180   Support: (A) 0.7033 Last TP of Channel Down Resistance: (B) 0.7180 Last TP of Channel Down Target Period: day   Interval 4 hour Pattern Channel Down Length 27 Candles Identified 02-May-21:00 Channel Down identified at 02-May-21:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 0.7180 within the next day. USD/CHF 30-Jan-21:00 -> 02-May-21:00   Interval Daily Pattern Big Movement Length 22 Candles Identified 02-May-21:00 USD/CHF experienced a 5.95% bullish movement in the last 33 days. USD/CAD 18-Apr-05:00 -> 03-May-01:00 Target Level: 1.2720   Support: (A) 1.2720 Last TP of Channel Up Resistance: (B) 1.2914 Last TP of Channel Up Target Period: day   Interval 4 hour Pattern Channel Up Length 28 Candles Identified 02-May-21:00 Channel Up identified at 02-May-21:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.2720 within the next day. NZD/USD 23-Mar-21:00 -> 02-May-21:00 Target Period: 23 hours   Interval Daily Pattern Consecutive Candles Length 7 Candles Identified 29-Apr-21:00 NZD/USD experienced 7 consecutive bearish candles. Possible bullish price movement to follow. GBP/JPY 26-Apr-22:00 -> 02-May-22:00 Target Level: 161.9653   Support: (A) 162.4020 Last TP of Triangle Resistance: (B) 163.8320 Last TP of Triangle Target Period: 13 hours   Interval 1 hour Pattern Triangle Length 53 Candles Identified 02-May-18:00 Triangle has broken through the support line at 02-May-18:00. Possible bearish price movement forecast for the next 13 hours towards 161.9653. Supported by Downward sloping Moving Average EUR/CHF 27-Apr-23:00 -> 02-May-22:00 Target Level: 1.0228   Support: (A) 1.0228 Last TP of Rising Wedge Resistance: (B) 1.0292 Last TP of Rising Wedge Target Period: 5 hours   Interval 1 hour Pattern Rising Wedge Length 30 Candles Identified 02-May-18:00 Rising Wedge identified at 02-May-18:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.0228 within the next 5 hours. EUR/CAD 19-Apr-01:00 -> 02-May-22:00 Target Level: 1.3389   Support: (A) 1.3389 Last TP of Channel Down Resistance: (B) 1.3597 Last TP of Channel Down Target Period: 2 days   Interval 1 hour Pattern Channel Down Length 182 Candles Identified 02-May-19:00 Channel Down identified at 02-May-19:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.3389 within the next 2 days. Supported by Downward sloping Moving Average GBP/CAD 28-Apr-01:15 -> 02-May-22:00 Target Level: 1.5954 Target Period: 13 hours   Interval 15 Minutes Pattern Support Length 218 Candles Identified 02-May-21:30 Approaching Support level of 1.5954 identified at 02-May-21:30 Supported by Downward sloping Moving Average EUR/NZD 10-Feb-21:00 -> 02-May-21:00   Interval Daily Pattern Big Movement Length 19 Candles Identified 02-May-21:00 EUR/NZD experienced a 3.99% bullish movement in the last 28 days. CAD/JPY 19-Apr-00:00 -> 02-May-22:00 Target Level: 102.4110   Support: (A) 100.6170 Last TP of Triangle Resistance: (B) 102.4110 Last TP of Triangle Target Period: 3 days   Interval 1 hour Pattern Triangle Length 185 Candles Identified 02-May-21:00 Triangle identified at 02-May-21:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 102.4110 within the next 3 days. CAD/CHF 13-Apr-01:00 -> 03-May-01:00 Target Level: 0.7646   Support: (A) 0.7543 Last TP of Rising Wedge Resistance: (B) 0.7646 Last TP of Rising Wedge Target Period: 2 days   Interval 4 hour Pattern Rising Wedge Length 45 Candles Identified 02-May-21:00 Rising Wedge identified at 02-May-21:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 0.7646 within the next 2 days. Supported by Upward sloping Moving Average NZD/JPY 24-Apr-21:00 -> 02-May-22:00 Target Level: 82.8817 Target Period: 21 hours   Interval 1 hour Pattern Support Length 99 Candles Identified 02-May-19:00 Broke through Support level of 83.5880 at 02-May-19:00 Supported by Downward sloping Moving Average Disclaimer This service is subject to this privacy policy, disclaimers and terms and conditions.

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