A Falling Wedge pattern was identified on USDCAD at 1.36467, creating an expectation that it may move to the support line at 1.3586. It may break through that line and continue the bearish trend or it may reverse from that line.
Supported by Downward sloping Moving Average
Target: 1.3586 Entry: 1.3647 Stop: 1.3692
Nikkei 225 is heading towards the resistance line of a Channel Up and could reach this point within the next 2 days. It has tested this line numerous times in
EURUSD is moving towards a support line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it
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