EURUSD is about to retest a key horizontal resistance level near 1.0861. It has tested this level 6 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.
Skip to content EURUSD is about to retest a key horizontal resistance level near 1.0861. It has tested this level 6 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.
Emerging Rising Wedge pattern in its final wave was identified on the EURUSD 1 hour chart. After a strong bullish run, we find EURUSD heading towards the upper triangle line with a possible resistance at 1.0865. If the resistance shows to hold, the Rising Wedge pattern suggests a rebound back towards current levels.
XAGUSD is approaching the resistance line of a Rising Wedge. It has touched this line numerous times in the last 14 days. If it tests this line again, it should do so in the next 3 days.
The breakout of S&P500 through the 5586.6802 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, S&P500 could test 5517.3970 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 […]
BRN/USD is once again retesting a key horizontal support level at 73.0005. It has tested this level 6 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.
Channel Up pattern identified on GBPJPY 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 192.8432 in the next 2.
EURUSD has broken through a line of 1.0778 and suggests a possible movement to 1.0749 within the next 12 hours. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back […]