USDCHF has broken through a line of 0.8966 and suggests a possible movement to 0.8996 within the next 18 hours. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 4 days.
Supported by Upward sloping Moving Average
Target: 0.8996 Entry: 0.8971 Stop: 0.8939
This trade setup on NZDUSD is formed by a period of consolidation; a period in which the price primarily moves sideways before choosing a new direction for the longer term.
ASX 225 is moving towards a line of 8547.2002 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so
Nikkei 225 is heading towards a line of 37230.0000. If this movement continues, the price of Nikkei 225 could test 37230.0000 within the next 2 days. But don’t be so