Skip to content BRN/USD is moving towards a resistance line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If BRN/USD continues in its current trajectory, we could see it reach 70.2140 within the next 14 hours.
XAUUSD is trapped in a Channel Up formation, implying that a breakout is Imminent. This is a great trade-setup for both trend and swing traders. It is now approaching a resistance line that has been tested in the past. Divergence opportunists may be very optimistic about a possible breakout and this may be the start […]
LTCUSD has moved higher by 5.48% from 105.57 to 111.36 in the last 10 hours.
S&P500 has broken through the resistance line which it has tested twice in the past. We have seen it retrace from this line before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target level of around 6727.4789 may materialize within the next 2 days.
XAGUSD is moving towards a resistance line. Because we have seen it retrace from this line before, 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 14 days and may test it again within the next 2 days.
ETHUSD has broken through a resistance line of a Triangle chart pattern. If this breakout holds true, we may see the price of ETHUSD testing 4351.7913 within the next 8 hours. But don’t be so quick to trade, it has tested this line in the past, so you should confirm the breakout before taking any […]
USDJPY has broken through the support line of a Descending Triangle 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 12 days and suggests a possible target level […]
FTSE100 is moving towards a resistance line. Because we have seen it retrace from this line before, 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 9 days and may test it again within the next 14 hours.
