GBPJPY is about to retest a key horizontal resistance level near 202.8255. It has tested this level 3 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.
Skip to content GBPJPY is about to retest a key horizontal resistance level near 202.8255. It has tested this level 3 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.
BRN/USD was identified around 106.163 after recently rebounding off the resistance on the 1 hour interval. Ultimately, the stock’s price action has formed a Rising Wedge pattern. This squeeze may increase the chances of a strong breakout. The projected move could take the price to around 105.1965.
A Triangle pattern was identified for LTCUSD at 56.0, suggesting it may move toward the resistance line at 56.1450. It may break through that line and continue the bullish trend, or reverse from it.
S&P500 has broken through the support line of a Triangle technical chart pattern. Because it has retraced from this line in the past, you should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 15 days, which suggests a possible target around 6977.1544 within the […]
NAS100 is moving toward a key support level at 26623.2422. This level has been tested before for NAS100. This may present a good trading opportunity either at the spot price or after a breakout through this level.
EURUSD is moving toward a support 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 7 days and may test it again within the next 15 hours.
An emerging Channel Down has been detected on XAGUSD. The pattern has not yet broken through resistance, but the price is expected to move up over the next few hours. At the time the pattern was found, the price was 75.785, and it is expected to move to 71.7967.
BTCUSD is moving toward a support 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 8 days and may test it again within the next 3 days.