Skip to content The breakout of USDJPY through the 157.9480 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, USDJPY could test 158.7472 within the next 3 days. One should always be cautious before placing a trade, wait for confirmation of the breakout.
The movement of BTCUSD towards the support line of a Falling Wedge is yet another test of the line it reached numerous times in the past. This line test could happen in the next 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to […]
XAGUSD is moving towards a resistance line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If XAGUSD continues in its current trajectory, we could see it […]
S&P500 is approaching a resistance line at 5941.1201. If it hits the resistance line, it may break through this level to continue the bullish trend, or it may turn around back to current levels.
Emerging Channel Down detected on GBPJPY – the pattern is an emerging one and has not yet broken through resistance, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 195.404 and it is expected to move to 192.8130.
Rising Wedge pattern identified on BRN/USD has broken through a support level with the price momentum continuing to move in an downward direction. A solid trading opportunity continues with the price expected to reach 75.5746 in the next 2.
EURUSD has broken through a resistance line. It has touched this line at least twice in the last 3 days. This breakout may indicate a potential move to 1.0340 within the next 6 hours. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before […]
The movement of NAS100 towards 21333.3320 price line is yet another test of the line it reached numerous times in the past. We could expect this test to happen in the next 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.
