Those of you that are trend followers are probably eagerly watching LTCUSD to see if its latest 39.18% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 29 days move.
Skip to content Those of you that are trend followers are probably eagerly watching LTCUSD to see if its latest 39.18% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 29 days move.
EURUSD is heading toward the support line in a Falling Wedge pattern. If this move continues, the price of EURUSD could test 1.1726 within the next 7 hours. It has tested this line many times before, so the move could be short-lived and may rebound as it has before.
The breakout of NAS100 through the 24699.4395 price line is a breach of an important psychological price level that it has tested numerous times in the past. If this breakout persists, NAS100 could test 24409.5957 within the next 2 days. One should always be cautious before placing a trade and wait for confirmation of the […]
LTCUSD has moved higher by 6.47% from 51.96 to 55.32 in the last 17 hours.
USDJPY has broken through a resistance line of the Triangle chart pattern. If this breakout holds, we may see the price of USDJPY test 156.3917 within the next 7 hours. But don’t rush to trade. It has tested this line before, so confirm the breakout before taking any action.
BRN/USD is moving toward a resistance line. Since it has retraced from this line before, we may see either a breakout through it or a rebound to current levels. It has touched this line multiple times in the past 2 days and may test it again within the next 5 hours.
After posting 9 consecutive bullish candles over 3 days, consider where FTSE100 may be headed next: a continuation of the current upward trend or a reversal.
BRN/USD is trapped in a Rising Wedge formation, implying that a breakout is imminent. This is a strong trade setup for both trend and swing traders. It is now approaching a support line that has been tested before. Divergence watchers may be optimistic about a potential breakout, which could mark the start of a new […]