DAX 40 has broken through the support line of a Channel Up technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 12 days and suggests a possible target level to be around 18789.1269 within the next 3 days.
Supported by Downward sloping Moving Average
Target: 18789.1269 Entry: 18847.0735 Stop: 19046.2
USDJPY is once again retesting a key horizontal resistance level at 151.5850. It has tested this level 3 times in the recent past and could simply bounce off like it
NZDUSD is once again retesting a key horizontal resistance level at 0.6125. It has tested this level 4 times in the recent past and could simply bounce off like it
You would be well advised to confirm the breakout that has just occurred – do you believe the move through support to be significant? Do you have confirming indicators that