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NAS100 is quickly approaching the resistance line of a Rising Wedge. We expect either a breakout through this line or a rebound.

NAS100 is heading towards the resistance line of a Rising Wedge. If this movement continues, we expect the price of NAS100 to test 8002.5000 within the next 7 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.

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A quick move expected on GBP/USD as it starts approaching a support line of a Rising Wedge

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We expect USDCAD to trend upwards today with a 75% chance.

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