FTSE 100 has broken through a support line of a Triangle and suggests a possible movement to 8394.8587 within the next 11 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 5 days.
Supported by RSI above 60
Target: 8394.8587 Entry: 8436.1817 Stop: 8451.8
DOW 30 is trapped in a Rising Wedge formation, implying that a breakout is Imminent. This is a great trade-setup for both trend and swing traders. It is now approaching
NZDUSD is once again retesting a key horizontal resistance level at 0.6125. It has tested this level 4 times in the recent past and could simply bounce off like it
The last 6 1 hour candles on GBPUSD formed a Channel Up pattern and broken out through the pattern lines, indicating a possible bearish movement towards the price level of