Skip to content ETHUSD was identified at around 2452.05 having recently rebounded of the support on the 4 hour data interval. Ultimately, the price action of the stock has formed a Falling Wedge pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 2507.1869 level.
You would be well advised to confirm the breakout that has just occurred – do you believe the move through support to be significant? Do you have confirming indicators that the price momentum will continue? If so, look for a target of 198.9799 but consider reducing the size of your position as the price gets […]
FTSE100 recorded an exceptional 1.31% move over the last 5 days. Whether you follow trends or look for reversals, this move is hard to ignore.
XAGUSD has moved lower by 3.1% from 42.6259 to 41.3065 in the last 13 hours.
ETHUSD is heading towards the support line of a Triangle. If this movement continues, the price of ETHUSD could test 4493.4050 within the next 3 days. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.
XAUUSD is moving towards a resistance line. Because we have seen it retrace from this level in the past, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 10 days and may test it again within the next […]
The last 28 4 hour candles on USDJPY formed a Channel Down pattern and broken out through the pattern lines, indicating a possible bullish movement towards the price level of 148.7429.
An emerging Rising Wedge has been detected on LTCUSD on the 30 Minutes chart. There is a possible move towards 117.4764 next few candles. Once reaching resistance it may continue its bearish run or reverse back to current price levels.
