USDCAD is heading towards the resistance line of a Rising Wedge and could reach this point within the next 2 days. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
Supported by Upward sloping Moving Average
Target: 1.3654 Entry: 1.3605 Stop: 1.3569
An emerging Channel Down has been detected on NZDUSD on the 4 hour chart. There is a possible move towards 0.6038 next few candles. Once reaching support it may continue
The movement of USDJPY towards the support line of a Channel Down is yet another test of the line it reached numerous times in the past. This line test could
NAS 100 is moving towards a resistance line. Because we have seen it retrace from this level in the past, we could see either a break through this line, or