Hong Kong 50 Index – Continuation Chart Pattern – Channel Up
An emerging Channel Up has been detected on Hong Kong 50 Index on the 1 hour chart. There is a possible move towards 24891.1798 next few candles. Once reaching support it may continue its bullish run or reverse back to current price levels.
AUDJPY – Continuation Chart Pattern – Channel Up
AUDJPY is moving towards a resistance line. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 8 days and may test it again within the next 2 days.
A potential bullish movement on USDJPY
USDJPY is trapped in a Rising Wedge formation, implying that a breakout is Imminent. This is a great trade-setup for both trend and swing traders. It is now approaching a support line that has been tested in the past. Divergence opportunists may be very optimistic about a possible breakout and this may be the start […]
AUDJPY approaching support of a Falling Wedge
AUDJPY is moving towards a support line. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 4 days and may test it again within the next 6 hours.