ENDING WEDGE

The trend of higher highs is located at 1.3536. We have a 78.6% Fibonacci pullback level of 1.3537 from 1.3665 to 1.3068
Read More

Reverse trend line support comes in at 1.1158
Read More

The channel top, and a possible right shoulder of a bearish Head and Shoulders pattern is seen at 1.0023.
Read More

Reverse trend line resistance is located at 15.22. Bespoke resistance is seen at 15.16. This formation has a measured move target of 14.41, close to the 78.6% Fibonacci level.
Read More

Possibly forming a bullish reverse Head and Shoulders pattern. A break of 1.1460 would confirm the outlook.
Read More

. A break of 1.1436 and the measured move target is 1.1815 making this a solid risk/reward set up
Read More

An AB=CD corrective formation could take the index to 11980. We look to sell into rallies
Read More

Previous support has now been broken. Although intraday signals for sentiment are at oversold extremes, there is no clear indication that the downward move is coming to an end
Read More

Broken out of the channel formation to the downside. A flag formation target would take the pair to 1.1165. The trend of lower lows, and the possible base of an Ending Wedge formation (bullish) is seen at 1.1225.
Read More

Mixed trading has resulted in an Ending Wedge formation being posted. A break of support at 108.90 and the measured move target is 106.80. Trend line resistance is located at 110.27. Bespoke resistance is located at 110.27. With…
Read More