Emerging Channel Up 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 with a possible resistance at 0.6562. If the support shows to hold, the Channel Up pattern suggests a rebound back towards current levels.
Target: 0.6562 Entry: 0.6598 Stop: 0.6625
A Rising Wedge pattern was identified on DAX 40 at 22110.5, creating an expectation that it may move to the resistance line at 22222.8663. It may break through that line
DOW 30 is heading towards the support line of a Channel Down. If this movement continues, the price of DOW 30 could test 43634.9500 within the next 2 days. It
EURUSD is moving towards a line of 1.0874 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at