It has broken the support line and formed a flag. Wait for the break, it will be a tasty drop. We are in a longer term up trend though so take profits, don't let it run!
A descending wedge is forming in this pair. It may have another bounce left in it on the resistance before break up. Or it could head straight up soon. It could be a big sharp move up to near the 1.15600 area before heading back down
This pair has been in a large reversal wedge for a long time. It has made a clean break of the Resistance and is now heading up for a large move. Look for long positions above 1.22037 FX:GBPCHF
In the daily chart for this pair i am looking for a clean break of the reversal wedge. I will be looking at smaller timeframes for confirmations after the break. FX:GBPNZD
Looking for a break below the 1.07538 support level for short positions. Alternatively if major downtrend resistance breaks look for long possitions above the 1.10259
In the daily chart of this pair i am looking for a clean break of the reversal wedge. I will be looking at smaller timeframes for confirmations after the break. FX:GBPNZD
This pair has broken a major support trendline and is looking to be forming a reversal wedge. I am expecting another bounce from the new support of wedge, then a large break down. Wait for a clean break down to go short. It will be invalid above the resistance around the 0.72865. FX:NZDCHF