DAX 40 is heading towards the support line of a Descending Triangle and could reach this point within the next 3 days. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
Supported by Downward sloping Moving Average
Target: 18789.5583 Entry: 18983.2 Stop: 19199.3
FTSE 100 is approaching the resistance line of a Triangle. It has touched this line numerous times in the last 20 days. If it tests this line again, it should
Nikkei 225 is heading towards the support line of a Channel Up. If this movement continues, the price of Nikkei 225 could test 37553.8417 within the next 2 days. It
Emerging Channel Down detected on USDCHF – the pattern is an emerging one and has not yet broken through resistance, but the price is expected to move up over the