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After testing support twice in the past, FRA40 has finally broken through. Can we expect a bearish trend to follow?

The breakout of FRA40 through the support line of a Triangle could be a sign of the road ahead. If this breakout persists, we expect the price of FRA40 to test 5207.8910 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.

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USD/CHF is quickly approaching 1.0099. We expect either a breakout through this line, or a rebound.

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International Business Machines Corp. is quickly approaching the support line of a Channel Down. We expect either a breakout through this line or a rebound.

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