Emerging Rising Wedge detected on FTSE 100 – the pattern is an emerging one and has not yet broken through support, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 8126.8 and it is expected to move to 8206.9538.
Supported by Upward sloping Moving Average
Target: 8206.9538 Entry: 8126.8 Stop: 8069.7
DOW 30 has broken through a resistance line. Because we have seen it retrace from this price in the past, one should wait for confirmation of the breakout before trading.
USDCAD moved through the support line of a Triangle at 1.3535681395348838 on the 4 hour chart. This line has been tested a number of times in the past and this
The price of AUDUSD in heading in the direction of 0.6479. Despite the recent breakout through 0.6437 it is possible that it will struggle to gain momentum to the forecast