NZDUSD is heading towards the resistance line of a Channel Up and could reach this point within the next 13 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
Supported by Upward sloping Moving Average
Target: 0.5949 Entry: 0.5919 Stop: 0.5894
Emerging Falling Wedge detected on DAX 40 – the pattern is an emerging one and has not yet broken through resistance, but the price is expected to move up over
BTCUSD is en route to a very important line that will be a definite deciding factor of what is to come! We may see this trajectory continue to touch and
ETHUSD has broken through the support line of a Triangle technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation