EURUSD has experienced an exceptionally large amount of consecutive bearish candles to reach a price of 1.0305 in the last 8 days.
Skip to content EURUSD has experienced an exceptionally large amount of consecutive bearish candles to reach a price of 1.0305 in the last 8 days.
The breakout of S&P500 through the resistance line of a Ascending Triangle could be a sign of the road ahead. If this breakout persists, we may see the price of S&P500 testing 5923.8800 within the next 16 hours.
This trade setup on USDJPY is formed by a period of consolidation; a period in which the price primarily moves sideways before choosing a new direction for the longer term. Because of the bullish breakout through resistance, it seems to suggest that we could see the next price move to 144.6464.
The last 8 4 hour candles on XAUUSD formed a Rising Wedge pattern and broken out through the pattern lines, indicating a possible bearish movement towards the price level of 3304.9676.
The breakout of GBPJPY through the 194.0700 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, GBPJPY could test 194.8174 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation of the breakout.
BTCUSD is approaching the resistance line of a Channel Up. It has touched this line numerous times in the last 4 days. If it tests this line again, it should do so in the next 19 hours.
A strong resistance level has been breached at 21178.3555 on the 1 hour NAS100 chart. Technical Analysis theory forecasts a movement to 21282.5684 in the next 8 hours.
EURUSD is trapped in a Rising Wedge formation, implying that a breakout is Imminent. This is a great trade-setup for both trend and swing traders. It is now approaching a support line that has been tested in the past. Divergence opportunists may be very optimistic about a possible breakout and this may be the start […]