Wednesday, September 16, 2015

GBP/CHF chart

Summary :
Target Level : 1.4912
Target Period : 2 days

Analysis :
Descending Triangle identified at 16-Sep-00:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.491 within the next 2 days.

Supporting Indicators :
Downward sloping Moving Average

Resistance Levels :
( B ) 1.4984Last resistance turning point of Descending Triangle.

Support Levels
( A ) 1.4912Last support turning point of Descending Triangle.

 

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