FTSE 100 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 FTSE 100 continues in its current trajectory, we could see it reach 8156.3482 within the next 21 hours.
Supported by Downward sloping Moving Average
Target: 8156.3482 Entry: 8205.9 Stop: 8267
Emerging Rising Wedge pattern in its final wave was identified on the Nikkei 225 30 Minutes chart. After a strong bullish run, we find Nikkei 225 heading towards the upper
The price of FTSE 100 in heading back to the resistance area. It is possible that it will struggle to break through it and move back in the other direction.
NZDUSD is once again retesting a key horizontal resistance level at 0.6125. It has tested this level 4 times in the recent past and could simply bounce off like it