Emerging Rising Wedge pattern in its final wave was identified on the Nikkei 225 30 Minutes chart. After a strong bullish run, we find Nikkei 225 heading towards the upper triangle line with a possible resistance at 38026.2455. If the resistance shows to hold, the Rising Wedge pattern suggests a rebound back towards current levels.
Supported by Upward sloping Moving Average
Target: 38026.2455 Entry: 37648 Stop: 37405
NZDUSD has broken through the support line of a Rising Wedge technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for
The price of DAX 40 in heading back to the resistance area. It is possible that it will struggle to break through it and move back in the other direction.
The price of USDJPY in heading in the direction of 157.5221. Despite the recent breakout through 157.1570 it is possible that it will struggle to gain momentum to the forecast