AUDUSD: Broke through Resistance level of 0.6630 at 14-May-22:00 Supported by Upward sloping Moving Average USDCHF: Rising Wedge has broken through the support line at 15-May-01:00. Possible bearish price movement forecast for the next 3 days towards 0.9033. Supported by Downward sloping Moving Average
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Market Overview Report

15-May-2024 01:11 EST

High Impact Economic Releases

Name Date/Time
Core Inflation Rate MoM 15-05 07:30
Core Inflation Rate YoY 15-05 07:30
GDP Growth Rate QoQ Prel 15-05 18:50
Inflation Rate MoM 15-05 07:30
Inflation Rate YoY 15-05 07:30
Retail Sales MoM 15-05 07:30

Market Movements

Symbol Latest Price Daily Change
EURUSD 1.083 0.12 %
USDJPY 156.239 0.18 %
GBPUSD 1.26 0.11 %
USDCHF 0.905 0.16 %
Dow 39,537.82 0.02 %
Nasdaq 16,390.62 0.01 %
S&P 500 5,244.39 0.04 %
FTSE 8,472.9 0.28 %

AUDUSD | Target 0.6665

Target Period : 2 days 

Interval : 1 hour  |  Pattern : Resistance  |  Identified : 14-May-22:00

Broke through Resistance level of 0.6630 at 14-May-22:00  Supported by Upward sloping Moving Average

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EURUSD | Target 1.0841

Target Period : 4 hours 

Interval : 1 hour  |  Identified : 15-May-01:00

Possible bullish price movement towards the resistance 1.0841 within the next 4 hours.  Supported by Upward sloping Moving Average

Support : (B ) 1.0813 4 hours low volatility level

Resistance:  (A ) 1.0841 4 hours high volatility level

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GBPUSD | Target 1.2624

Target Period : 4 hours 

Interval : 1 hour  |  Identified : 15-May-01:00

Possible bullish price movement towards the resistance 1.2624 within the next 4 hours.  Supported by Upward sloping Moving Average

Support : (B ) 1.2571 4 hours low volatility level

Resistance:  (A ) 1.2624 4 hours high volatility level

Trade Now

USDCHF | Target 0.9033

Target Period : 3 days 

Interval : 1 hour  |  Pattern : Rising Wedge  |  Identified : 15-May-01:00

Rising Wedge has broken through the support line at 15-May-01:00. Possible bearish price movement forecast for the next 3 days towards 0.9033.  Supported by Downward sloping Moving Average

Resistance:  (A ) 0.9103 Last TP of Rising Wedge

Trade Now

USDJPY | Target 155.9413

Target Period : 4 hours 

Interval : 1 hour  |  Identified : 15-May-01:00

Possible bearish price movement towards the support 155.9413 within the next 4 hours.  Supported by Downward sloping Moving Average

Support : (B ) 155.9413 4 hours low volatility level

Resistance:  (A ) 156.5367 4 hours high volatility level

Trade Now

AUDCAD | Target 0.9087

Target Period : 2 days 

Interval : 4 hour  |  Pattern : Channel Down  |  Identified : 14-May-23:00

Channel Down has broken through the resistance line at 14-May-23:00. Possible bullish price movement forecast for the next 2 days towards 0.9087.  Supported by Upward sloping Moving Average

Support : (A ) 0.9006 Last TP of Channel Down

Trade Now

AUDJPY | Target 103.5525

Target Period : 20 hours 

Interval : 15 Minutes  |  Pattern : Channel Up  |  Identified : 15-May-00:15

Channel Up identified at 15-May-00:15. This pattern is still in the process of forming. Possible bearish price movement towards the support 103.5525 within the next 20 hours.  

Resistance:  (A ) 104.0370 Last TP of Channel Up

Trade Now

EURAUD | Target 1.6273

Target Period : 3 days 

Interval : 1 hour  |  Pattern : Support  |  Identified : 14-May-22:00

Approaching Support level of 1.6273 identified at 14-May-22:00  Supported by Downward sloping Moving Average

Trade Now

EURJPY | Target 168.7335

Target Period : 2 days 

Interval : 1 hour  |  Pattern : Channel Up  |  Identified : 15-May-01:00

Channel Up identified at 15-May-01:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 168.7335 within the next 2 days.  Supported by RSI above 60

Resistance:  (A ) 169.3570 Last TP of Channel Up

Trade Now

USDCAD | Target 1.3586

Target Period : 2 days 

Interval : 4 hour  |  Pattern : Falling Wedge  |  Identified : 14-May-15:00

Falling Wedge identified at 14-May-15:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.3586 within the next 2 days.  Supported by Downward sloping Moving Average

Resistance:  (A ) 1.3692 Last TP of Falling Wedge

Trade Now
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