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
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
The last 7 1 hour candles on USDCHF formed a Double Top pattern and broken out through the pattern lines, indicating a possible bearish movement towards the price level of
Nikkei 225 has broken through 39321.0000 which it has tested numerous times in the past. We have seen it retrace from this price in the past. If this new trend