Monday, August 29, 2016

GBP/Frank

Summary :
Target Level : 1.2749
Target Period : 2 days

Analysis :
Rising Wedge identified at 29-Aug-04:00 2016 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.2749 within the next 2 days.

Supporting Indicators :
RSI above 60

Resistance Levels :
( B ) 1.2854Last resistance turning point of Rising Wedge.

Support Levels
( A ) 1.2749Last support turning point of Rising Wedge.



Chart date range :
11-Aug-16:00 GMT-> 29-Aug-08:00 GMT
Data interval : 4 hour
RSI:34 Candles
MA:34 Candles