Market Summary Report Time: 01-Jan-2018 01:10 EST

EUR/USD 26-Dec-18:00 -> 31-Dec-23:00 Target Level: 1.2017

SL: (B) 1.1997 4 hours low volatility level RL: (A) 1.2017 4 hours high volatility level Target Period: 4 hours   Interval 1 hour Length 40 Candles Identified 31-Dec-22:00

Possible bullish price movement towards the resistance 1.2017 within the next 4 hours. Supported by Upward sloping Moving Average

USD/JPY 26-Dec-16:00 -> 31-Dec-21:00 Target Level: 112.4928

SL: (B) 112.4928 4 hours low volatility level RL: (A) 112.8672 4 hours high volatility level Target Period: 4 hours   Interval 1 hour Length 40 Candles Identified 31-Dec-20:00

Possible bearish price movement towards the support 112.4928 within the next 4 hours. Supported by Downward sloping Moving Average

GBP/USD 26-Dec-16:00 -> 31-Dec-21:00 Target Level: 1.3520

SL: (B) 1.3488 4 hours low volatility level RL: (A) 1.3520 4 hours high volatility level Target Period: 4 hours   Interval 1 hour Length 40 Candles Identified 31-Dec-20:00

Possible bullish price movement towards the resistance 1.3520 within the next 4 hours. Supported by Upward sloping Moving Average

AUD/USD 04-Dec-20:00 -> 01-Jan-00:00 Target Level: 0.7714

SL: (A) 0.7681 Last TP of Rising Wedge RL: (B) 0.7825 Last TP of Rising Wedge Target Period: 3 days   Interval 4 hour Pattern Rising Wedge Length 76 Candles Identified 29-Dec-20:00

Rising Wedge has broken through the support line at 29-Dec-20:00. Possible bearish price movement forecast for the next 3 days towards 0.7714. Supported by RSI above 60

USD/CHF 26-Dec-20:00 -> 01-Jan-01:00 Target Level: 0.9728

SL: (B) 0.9728 4 hours low volatility level RL: (A) 0.9759 4 hours high volatility level Target Period: 4 hours   Interval 1 hour Length 40 Candles Identified 01-Jan-01:00

Possible bearish price movement towards the support 0.9728 within the next 4 hours. Supported by Downward sloping Moving Average

NZD/USD 30-Nov-00:00 -> 01-Jan-00:00 Target Level: 0.6921

SL: (A) 0.6921 Last TP of Channel Up RL: (B) 0.7124 Last TP of Channel Up Target Period: 3 days   Interval 4 hour Pattern Channel Up Length 92 Candles Identified 29-Dec-20:00

Channel Up identified at 29-Dec-20:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.6921 within the next 3 days. Supported by RSI above 60

GBP/JPY 29-Nov-04:00 -> 01-Jan-04:00 Target Level: 152.8896

SL: (A) 151.4140 Last TP of Triangle RL: (B) 152.0880 Last TP of Triangle Target Period: 3 days   Interval 4 hour Pattern Triangle Length 93 Candles Identified 29-Dec-04:00

Triangle has broken through the resistance line at 29-Dec-04:00. Possible bullish price movement forecast for the next 3 days towards 152.8896. Supported by Upward sloping Moving Average

EUR/JPY 07-Dec-16:00 -> 01-Jan-04:00 Target Level: 135.8280

SL: (A) 134.5200 Last TP of Ascending Triangle Target Period: 12 hours   Interval 4 hour Pattern Ascending Triangle Length 58 Candles Identified 29-Dec-08:00

Ascending Triangle has broken through the resistance line at 29-Dec-08:00. Possible bullish price movement forecast for the next 12 hours towards 135.8280. Supported by Upward sloping Moving Average

EUR/CHF 22-Dec-03:00 -> 31-Dec-22:00 Target Level: 1.1669

SL: (A) 1.1669 Last TP of Channel Down RL: (B) 1.1722 Last TP of Channel Down Target Period: 2 days   Interval 1 hour Pattern Channel Down Length 92 Candles Identified 31-Dec-18:00

Channel Down identified at 31-Dec-18:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.1669 within the next 2 days.

GBP/CHF 27-Dec-00:00 -> 31-Dec-20:30 Target Level: 1.3214

SL: (A) 1.3145 Last TP of Triangle RL: (B) 1.3214 Last TP of Triangle Target Period: 12 hours   Interval 30 Minutes Pattern Triangle Length 90 Candles Identified 31-Dec-18:30

Triangle identified at 31-Dec-18:30. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.3214 within the next 12 hours.

CAD/JPY 11-Dec-16:00 -> 01-Jan-04:00 Target Level: 88.2460

SL: (A) 88.2460 Last TP of Rising Wedge RL: (B) 90.0240 Last TP of Rising Wedge Target Period: 6 hours   Interval 4 hour Pattern Rising Wedge Length 48 Candles Identified 29-Dec-16:00

Rising Wedge identified at 29-Dec-16:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 88.2460 within the next 6 hours.

CHF/JPY 22-Dec-15:00 -> 31-Dec-21:30 Target Level: 115.0100

SL: (A) 115.0100 Last TP of Rising Wedge RL: (B) 115.8700 Last TP of Rising Wedge Target Period: 2 days   Interval 30 Minutes Pattern Rising Wedge Length 196 Candles Identified 31-Dec-20:30

Rising Wedge identified at 31-Dec-20:30. This pattern is still in the process of forming. Possible bearish price movement towards the support 115.0100 within the next 2 days.

XAU/USD 20-Dec-20:00 -> 29-Dec-17:00 Target Level: 1287.6000

SL: (A) 1287.6000 Last TP of Channel Up RL: (B) 1307.5500 Last TP of Channel Up Target Period: 2 days   Interval 1 hour Pattern Channel Up Length 96 Candles Identified 29-Dec-16:00

Channel Up identified at 29-Dec-16:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 1287.6000 within the next 2 days. Remain long02 January 2018, GBP/USD Technical Observation: Since 23rd October 2016, Gbp has traded within the contracting wedge and is still within it. While the price is within this wedge, only a long position looks more ideal and can be advised towards 1.4125. If you did not go long around 1.3316, you could wait and rebuy Gbp upon a breakout above 1.3585 with your first take profit at 1.4125 and the next at 1.4665. If these take profits are hit, then I expect further rise towards 1.5747. As it is on the weekly chart, only buy position looks ideal. Technical Levels Resistance levels R2: 1.359 R2: 1.3666 R3: 1.3863 Pivot 1.3469 Support Levels S1: 1.3074 S2: 1.3271 S3: 1.3393 Trade Signal Remain long towards 1.4125 Check the website for more information: https://freshforex.com/analitics/fresh-forecast/technical-analysis-based-on-breakout/issue_126681.html?utm_source=rssfeed&utm_medium=rss&utm_campaign=rssfra&ff_mrk=rss

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