FTSE 100 approaching resistance levelFTSE 100 approaching resistance level
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.
Category: Technical Analysis
Technical Analysis
EURUSD – getting close to resistance of a Rising WedgeEURUSD – getting close to resistance of a Rising Wedge
Emerging Rising Wedge pattern in its final wave was identified on the EURUSD 4 hour chart. After a strong bullish run, we find EURUSD heading towards the upper triangle line
A potential bullish movement on USDCADA potential bullish movement on USDCAD
Emerging Channel Down detected on USDCAD – the pattern is an emerging one and has not yet broken through support, but the price is expected to move up over the
NZDUSD short term bearish trade setup to 0.6126NZDUSD short term bearish trade setup to 0.6126
A strong support level has been identified at 0.6126 on the 30 Minutes NZDUSD chart. NZDUSD is likely to test it soon. Supported by Downward sloping Moving Average Target: 0.6126
Possible breach of support level by DAX 40Possible breach of support level by DAX 40
DAX 40 is moving towards a support line. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound
USDJPY broke through important 156.5280 price lineUSDJPY broke through important 156.5280 price line
USDJPY has broken through 156.5280 which it has tested numerous times in the past. We have seen it retrace from this price in the past. If this new trend persists,
AUDUSD approaching support of a Descending TriangleAUDUSD approaching support of a Descending Triangle
Emerging Descending Triangle pattern in its final wave was identified on the AUDUSD 4 hour chart. After a strong bearish run, we find AUDUSD heading towards the upper triangle line
A final push possible on BTCUSDA final push possible on BTCUSD
BTCUSD is heading towards 69657.7891 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
Will EURUSD have enough momentum to break support?Will EURUSD have enough momentum to break support?
EURUSD is heading towards the support line of a Channel Down. If this movement continues, the price of EURUSD could test 1.0777 within the next 2 days. It has tested
Important price line breached by USDJPYImportant price line breached by USDJPY
The price of USDJPY in heading in the direction of 157.5221. Despite the recent breakout through 157.1570 it is possible that it will struggle to gain momentum to the forecast