Forex Daily Analysis (2015.12.09)

Source: Avatrade Forex Broker (Review and Forex Rebates Up to 85%)

USD/JPY Chart

Summary :
Target Level : 122.296
Target Period : 3 days

Analysis :
Descending Triangle identified at 08-Dec-05:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 122.296 within the next 3 days.

Supporting Indicators :
Downward sloping Moving Average

Resistance Levels :
( B ) 123.487Last resistance turning point of Descending Triangle.

Support Levels
( A ) 122.296Last support turning point of Descending Triangle.

USD/JPY Chart

USD/CAD

Summary :
Target Level : 1.3568
Target Period : 6 hours

Analysis :
Triangle identified at 09-Dec-04:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.357 within the next 6 hours.

Resistance Levels :
( B ) 1.3586Last resistance turning point of Triangle.

Support Levels
( A ) 1.3568Last support turning point of Triangle.

USD/CAD Chart

EUR/CHF

Summary :
Target Level : 1.0865
Target Period : 18 hours

Analysis :
Falling Wedge identified at 08-Dec-23:00 2015 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.086 within the next 18 hours.

Resistance Levels :
( B ) 1.0865Last resistance turning point of Falling Wedge.

Support Levels
( A ) 1.08Last support turning point of Falling Wedge.

EUR/CHF Chart

GBP/CHF

Summary :
Target Level : 1.5128
Target Period : 2 days

Analysis :
Falling Wedge identified at 09-Dec-04:00 2015 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.513 within the next 2 days.

Resistance Levels :
( B ) 1.5128Last resistance turning point of Falling Wedge.

Support Levels
( A ) 1.486Last support turning point of Falling Wedge.

GBP/CHF Chart