USDCHF has broken through a line of 0.8468 and suggests a possible movement to 0.8444 within the next 23 hours. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 7 days.
Supported by Downward sloping Moving Average
Target: 0.8444 Entry: 0.8465 Stop: 0.8478
USDCAD has breached the resistance line at 1.3676. It may continue the bullish trend towards 1.3703, or, it may prove to be yet another test of this level. Supported by
FTSE 100 has broken through the support line which it has tested twice in the past. We have seen it retrace from this line before, so one should wait for
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.