Emerging Descending Triangle pattern in its final wave was identified on the AUDUSD 4 hour chart. After a strong bearish run, we find AUDUSD heading towards the upper triangle line with a possible resistance at 0.6590. If the support shows to hold, the Descending Triangle pattern suggests a rebound back towards current levels.
Target: 0.659 Entry: 0.6633 Stop: 0.6673
A strong resistance level has been breached at 1.2545 on the 4 hour GBPUSD chart. Technical Analysis theory forecasts a movement to 1.2604 in the next 3 days. Supported by
DAX 40 is heading towards the resistance line of a Channel Down. If this movement continues, the price of DAX 40 could test 18504.5632 within the next 13 hours. It
The movement of DOW 30 towards 38882.7813 price line is yet another test of the line it reached numerous times in the past. We could expect this test to happen