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 heading towards a line of 158.8930. If this movement continues, the price of USDJPY could test 158.8930 within the next 2 days. But don’t be so quick to
ASX 225 is about to retest a key horizontal support level near 8162.0000. It has tested this level 6 times in the recent past and could simply bounce off like
Nikkei 225 is about to retest a key horizontal support level near 37865.0000. It has tested this level 4 times in the recent past and could simply bounce off like