Weekly Technical Analysis 23/10/2023
Start your week by identifying the key price levels and trends.
The SpreadEx Research team has analysed the most popular markets, including stocks, indices, commodities & forex.
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US TECH (4 hours)
[url= tradingview.com/chart/?symbol=SPREADEX:NDX]The US Tech exhibits an overall negative PA near the bottom of 14430, exposing 14250 as part of a wedge pattern. 14900 is seen as a regional high above 14780.
GBP/USD (1 hour)
Bulls rejected the attempt at $1.21, with recent price action suggesting a sideways market between $1.2087 and $1.2212. If prices accelerate past the top, the pair could revisit $1.2261. However, a breakdown might send prices to the measured move target of the complete triangle, paving the way to $1.2050.
USD/CAD (2 hours)
The USD/CAD pair may be about to complete a wedge towards 1.3785m, with price action perhaps reaching $1.38. Falling under the $1.3670 support could invalidate the pattern and open the door to 1.36.
The SpreadEx Research team has analysed the most popular markets, including stocks, indices, commodities & forex.
-----------------------------------------------------
US TECH (4 hours)
[url= tradingview.com/chart/?symbol=SPREADEX:NDX]The US Tech exhibits an overall negative PA near the bottom of 14430, exposing 14250 as part of a wedge pattern. 14900 is seen as a regional high above 14780.
GBP/USD (1 hour)
Bulls rejected the attempt at $1.21, with recent price action suggesting a sideways market between $1.2087 and $1.2212. If prices accelerate past the top, the pair could revisit $1.2261. However, a breakdown might send prices to the measured move target of the complete triangle, paving the way to $1.2050.
USD/CAD (2 hours)
The USD/CAD pair may be about to complete a wedge towards 1.3785m, with price action perhaps reaching $1.38. Falling under the $1.3670 support could invalidate the pattern and open the door to 1.36.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.