A Triangle pattern was identified on NGC/USD at 4.0625, creating an expectation that it may move to the resistance line at 4.1999. It may break through that line and continue the bullish trend or it may reverse from that line.
Skip to content A Triangle pattern was identified on NGC/USD at 4.0625, creating an expectation that it may move to the resistance line at 4.1999. It may break through that line and continue the bullish trend or it may reverse from that line.
BRN/USD has broken through the resistance line of a Falling Wedge technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 14 days and suggests a possible target level […]
ETHUSD is heading towards a line of 1842.2800. If this movement continues, the price of ETHUSD could test 1842.2800 within the next 3 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding.
USDJPY is approaching the support line of a Channel Down. It has touched this line numerous times in the last 16 days. If it tests this line again, it should do so in the next 4 days.
The movement of NAS100 towards the resistance line of a Triangle 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 current […]
A Channel Down pattern was identified on BTCUSD at 76251.65, creating an expectation that it may move to the support line at 68979.5841. It may break through that line and continue the bearish trend or it may reverse from that line.
The last 9 4 hour candles on XAGUSD formed a Triangle pattern and broken out through the pattern lines, indicating a possible bullish movement towards the price level of 32.2980.
This trade setup on EURUSD 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 1.1112.