Emerging Channel Down pattern in its final wave was identified on the ASX 225 1 hour chart. After a strong bullish run, we find ASX 225 heading towards the upper triangle line with a possible resistance at 8498.1525. If the resistance shows to hold, the Channel Down pattern suggests a rebound back towards current levels.
Target: 8498.1525 Entry: 8476.8 Stop: 8455
FTSE 100 is once again retesting a key horizontal support level at 8626.5000. It has tested this level 3 times in the recent past and could simply bounce off like
NZDUSD 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
GBPUSD is heading towards the resistance line of a Triangle and could reach this point within the next 17 hours. It has tested this line numerous times in the past,