Skip to content ETHUSD has broken through a resistance line of a Triangle and suggests a possible movement to 3844.7181 within the next 5 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 2 days.
GBPJPY is heading towards the support line of a Descending Triangle and could reach this point within the next 11 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we […]
BTCUSD is approaching a resistance line at 119865.1563. If it hits the resistance line, it may break through this level to continue the bullish trend, or it may turn around back to current levels.
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 bearish breakout through support, it seems to suggest that we could see the next price move to 146.7495.
Ascending Triangle pattern identified on FTSE100 has broken through a resistance level with the price momentum continuing to move in an upward direction. A solid trading opportunity continues with the price expected to reach 9022.2315 in the next 12.
Emerging Head and Shoulders detected on BRN/USD – 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 68.8945 and it is expected to move to 68.6721.
A strong support level has been breached at 3.3335 on the 1 hour NGC/USD chart. Technical Analysis theory forecasts a movement to 3.1971 in the next 2 days.
S&P500 has broken through a line of 6308.4600. If this breakout holds true, we could see the price of S&P500 heading towards 6345.0781 within the next 20 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so you should probably confirm the breakout before placing any […]
