A Channel Down pattern was identified on USDCHF at 0.804765, creating an expectation that it may move to the support line at 0.8026. It may break through that line and continue the bearish trend or it may reverse from that line.
Supported by Downward sloping Moving Average
Target: 0.8026 Entry: 0.8048 Stop: 0.8067
USDJPY has broken through a support line. Because we have seen it retrace from this price in the past, one should wait for confirmation of the breakout before trading. It
The last 15 4 hour candles on DOW 30 formed a Falling Wedge pattern and broken out through the pattern lines, indicating a possible bullish movement towards the price level
Approaching Support level of 1.7666 identified at 11/12 06:30. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.7666 within the next 1