Forex Report(2015.12.04)

Source: AvaTrade Forex Broker (Review and Forex Rebates U to 85%)

USD/CAD Analysis

Summary :
Target Level : 1.3402
Target Period : 11 hours

Analysis :
Ascending Triangle identified at 04-Dec-02:00 2015 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.34 within the next 11 hours.

Supporting Indicators :
Upward sloping Moving Average

Resistance Levels :
( B ) 1.3402Last resistance turning point of Ascending Triangle.

Support Levels
( A ) 1.3336Last support turning point of Ascending Triangle.

USD/CAD Chart

NZD/USD Analysis 

Summary :
Target Level : 0.6608
Target Period : 2 days

Analysis :
Rising Wedge identified at 04-Dec-03:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.661 within the next 2 days.

Resistance Levels :
( B ) 0.6707Last resistance turning point of Rising Wedge.

Support Levels
( A ) 0.6608Last support turning point of Rising Wedge.

NZD/USD Chart

EUR/CHF Analysis
Summary :
Target Level : 1.0942
Target Period : 23 hours

Analysis :
Inverse Head and Shoulders identified at 04-Dec-04:00 2015 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.094 within the next 23 hours.

Resistance Levels :
( B ) 1.0942Last resistance turning point of Inverse Head and Shoulders.

Support Levels
( A ) 1.0833Last support turning point of Inverse Head and Shoulders.

EUR/CHF Chart

GBP/CHF Analysis

Summary :
Target Level : 1.5366
Target Period : 2 days

Analysis :
Channel Down identified at 04-Dec-01:00 2015 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.537 within the next 2 days.

Resistance Levels :
( B ) 1.5366Last resistance turning point of Channel Down.

Support Levels
( A ) 1.4965Last support turning point of Channel Down.

GBP/CHF Chart