Skip to content Emerging Channel Up detected on S&P500 – 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 5639.25 and it is expected to move to 5539.2319.
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 […]
