AUDUSD is once again retesting a key horizontal support level at 0.6864. It has tested this level 5 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.
Supported by Downward sloping Moving Average
Target: 0.683 Entry: 0.6857 Stop: 0.6916
DAX 40 is moving towards a support line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage
EURUSD is trapped in a Channel Up formation, implying that a breakout is Imminent. This is a great trade-setup for both trend and swing traders. It is now approaching a
The movement of USDJPY towards 143.7850 price line is yet another test of the line it reached numerous times in the past. We could expect this test to happen in