Skip to content You would be well advised to confirm the breakout that has just occurred – do you believe the move through resistance to be significant? Do you have confirming indicators that the price momentum will continue? If so, look for a target of 1.1816 but consider reducing the size of your position as the price gets closer to that target.
XAGUSD has broken through the support line of a Rising 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 19 days and suggests a possible target level […]
NAS100 is heading towards the resistance line of a Rising Wedge and could reach this point within the next 3 days. 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 […]
EURUSD is heading towards the resistance line of a Rising Wedge. If this movement continues, the price of EURUSD could test 1.1791 within the next 19 hours. 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.
The movement of NGC/USD towards the resistance line of a Rising Wedge 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 […]
A Channel Up pattern was identified on XAUUSD at 3647.505, creating an expectation that it may move to the resistance line at 3683.8223. It may break through that line and continue the bullish trend or it may reverse from that line.
An emerging Rising Wedge has been detected on FTSE100 on the 1 hour chart. There is a possible move towards 9276.9750 next few candles. Once reaching support it may continue its bullish run or reverse back to current price levels.
The movement of USDJPY towards 146.7645 price line is yet another test of the line it reached numerous times in the past. We could expect this test to 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 lines.
