XM/MT4 EUR/USD Daily Chart
Last week, i personally enjoyed last week trading this pair, the one week-long rising channel in one hour chart that was perfectly formed made really great chances for profitable trading, as this week starts we can observe the price getting out of the channel and directing down to the 200 period moving average, also at the hourly chart, but as we can not at the daily graph, the pair is still currently moving on a master down trend and as we usually do, we´re forecasting the price to move down at least 300 pips looking for a support level @1.0871 and once there it will bounce for a bullish movement.
These are the most important support and Resistance levels for this week:
Support 1 @1.0871 (08/07/2015)
Support 2 @1.0811 (07/20/2015)
Resistance 1 @1.1187 (08/12/2015)
Resistance 2 @1.1414 (06/19/2015)
XM/MT4 GBP/USD Daily Chart
We can observe the pair moving between a horizontal channel during the last weeks and at this point we can predict the price to move up looking for a target point @1.5878, a resistance level formed on June, this is a +200 pip movement that can be traded during the next days, once there we can wait for a bounce at the mentioned resistance level.
These are the most important support and Resistance levels for this week:
Support 1 @1.5441 (08/10/2015)
Support 2 @1.5361 (07/09/2015)
Resistance 1 @1.5652 (07/15/2015)
Resistance 2 @ 1.5892 (06/19/2015)
XM/MT4 USD/CHF Daily Chart
As we can observe in the daily chart, the pair is still moving between a horizontal channel, at this point searching for a resistance level close to 0.9882, we are predicting the price to go some pips over the mentioned level and once there it will go down looking for a touch at the 200 period moving average, we recommend to go long tonight with very small lots and then waiting for the market reaction over 0.9907.
These are the most important support and Resistance levels for this week:
Support 1 @0.9177 (06/22/2015)
Support 2 @0.9108 (05/14/2015)
Resistance 1 @0.9919 (08/11/2015)
Resistance 2 @1.0110 (03/12/2015)
XM/MT4 USD/JPY Daily Chart
The pair has been forming a beautiful bullish trend during the last year, as we can observe in the chart during the last week the price didn´t move so much after going down for +100 pips during the first two days and is not giving so much clues about what´s next for this coming days, as we can recommend, we predict the price to go up and find a former resistance level, lets say @125.05.
These are the most important support and Resistance levels for this week:
Support 1 @123.94 (08/12/2015)
Support 2 @123.14 (07/28/2015)
Resistance 1 @125.13 (08/12/2015)
Resistance 2 @125.53 (06/08/2015)
We hope this weekly report help you to determine the most important reversal and continuation levels during the week, this data is not 100% accurate as the speculative system is, these numbers are a reference and definitely not represent a secure trading signal service, make sure to use your own trading system in parallel with the attached report to determine your own entry points.
Forex Trading can be a great source of income but is also a high risk business, make sure to complete your training in demo before start trading with a real Forex account and make sure that the money you invest comes from a secure source, we always recommend to avoid trading with money that you cannot afford to lose.
