The movement of DAX 40 towards the support line of a Channel Down is yet another test of the line it reached numerous times in the past. This line test could happen in the next 23 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current levels.
Supported by Downward sloping Moving Average
Target: 18884.5375 Entry: 19212 Stop: 19422.4
NZDUSD has broken through the support line of a Rising Wedge technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for
FTSE 100 is moving towards a resistance line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage
FTSE 100 was identified at around 8397.9 having recently rebounded of the support on the 1 hour data interval. Ultimately, the price action of the stock has formed a Channel