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| Falling Wedge identified at 10-Mar-06:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.7621 within the next 2 days. Supported by Downward sloping Moving Average | ||||||||||||||||||||||||||
Forex and stock traders are looking for the consistently wrong investor, trader and take the opposite position. This will obviously lead to winning trades for them. All traders have read trading books that point out that increasing volume is good for the continuation of the trend. Many new stock traders will try and fight the trend.
Wednesday, March 10, 2021
AUD/USD
Tuesday, March 9, 2021
GBP/CHF,chart
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| Rising Wedge identified at 09-Mar-11:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.2795 within the next 2 days. | ||||||||||||||||||||||||||
EUR/JPY, forex chart
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| Triangle identified at 09-Mar-02:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 129.6310 within the next 2 days. Supported by Upward sloping Moving Average | ||||||||||||||||||||||||||
AUD/USD
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| Falling Wedge identified at 09-Mar-10:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 0.7811 within the next 2 days. | ||||||||||||||||||||||||||
Monday, March 8, 2021
EUR/JPY chart
 | The following assumptions that have been made: - At least 20 pip forecast - The key level and chart pattern were at most 5 candles apart at time of identification | |
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| | Symbol : EURJPY  | |
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| Direction : Identified time : 2021-03-08 10:10 EST Breakout price : 129.255 Forecast price : 129.5137 Forecast pips : 26 Probability : 68.61 % | ||
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