Possible breach of support level by USDCADPossible breach of support level by USDCAD
USDCAD is heading towards the support line of a Falling Wedge and could reach this point within the next 2 days. It has tested this line numerous times in the
Category: Technical Analysis
Technical Analysis
FTSE 100 is on the approachFTSE 100 is on the approach
FTSE 100 is about to retest a key horizontal support level near 8396.9004. It has tested this level 3 times in the recent past and could simply bounce off like
FTSE 100 approaching resistance of a Rising WedgeFTSE 100 approaching resistance of a Rising Wedge
The movement of FTSE 100 towards the resistance line of a Rising Wedge is yet another test of the line it reached numerous times in the past. This line test
Big movement possible on ASX 225Big movement possible on ASX 225
ASX 225 has broken through a resistance line. Because we have seen it retrace from this price in the past, one should wait for confirmation of the breakout before trading.
USDCAD approaching support of a Falling WedgeUSDCAD approaching support of a Falling Wedge
A Falling Wedge pattern was identified on USDCAD at 1.36467, creating an expectation that it may move to the support line at 1.3586. It may break through that line and
Should we expect a breakout or a rebound on Nikkei 225?Should we expect a breakout or a rebound on Nikkei 225?
Nikkei 225 is moving towards a line of 38045.0000 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so
Will ETHUSD have enough momentum to break support?Will ETHUSD have enough momentum to break support?
A Channel Down pattern was identified on ETHUSD at 2859.65, creating an expectation that it may move to the support line at 2689.6450. It may break through that line and
Resistance breakout on DOW 30Resistance breakout on DOW 30
DOW 30 has broken through 39417.3008 which it has tested numerous times in the past. We have seen it retrace from this price in the past. If this new trend
NZDUSD – getting close to resistance of a TriangleNZDUSD – getting close to resistance of a Triangle
NZDUSD 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 it
GBPUSD breakout through resistanceGBPUSD breakout through resistance
A strong resistance level has been breached at 1.2545 on the 4 hour GBPUSD chart. Technical Analysis theory forecasts a movement to 1.2604 in the next 3 days. Supported by