USDCHF 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 it isn’t clear whether it will breach this line or rebound as it did before. If USDCHF continues in its current trajectory, we could see it reach 0.8637 within the next 22 hours.
Supported by Downward sloping Moving Average
Target: 0.8637 Entry: 0.8654 Stop: 0.8694
Emerging Rising Wedge detected on FTSE 100 – the pattern is an emerging one and has not yet broken through support, but the price is expected to move up over
This trade setup on NZDUSD is formed by a period of consolidation; a period in which the price primarily moves sideways before choosing a new direction for the longer term.
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