Technical Analysis
A Rising Wedge pattern was identified on NZDUSD at 0.57691, creating an expectation that it may move to the resistance line at 0.5786. It may break through that line and
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
ETHUSD is once again retesting a key horizontal resistance level at 2778.1201. It has tested this level 3 times in the recent past and could simply bounce off like it
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
The movement of FTSE 100 towards 8510.9004 price line is yet another test of the line it reached numerous times in the past. We could expect this test to happen
USDJPY is trapped in a Channel Down formation, implying that a breakout is Imminent. This is a great trade-setup for both trend and swing traders. It is now approaching a
Nikkei 225 is once again retesting a key horizontal support level at 38760.0000. It has tested this level 6 times in the recent past and could simply bounce off like
NZDUSD is heading towards the resistance line of a Rising Wedge. If this movement continues, the price of NZDUSD could test 0.5779 within the next 3 days. It has tested
FTSE 100 is approaching a support line at 8726.7002. If it hits the support line, it may break through this level to continue the bearish trend, or it may turn
GBPUSD was identified at around 1.26075 having recently rebounded of the resistance on the 1 hour data interval. Ultimately, the price action of the stock has formed a Channel Up