Skip to content BRN/USD is heading towards the support line of a Falling Wedge and could reach this point within the next 2 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 could see a retracement back down to current levels.
Emerging Rising Wedge detected on GBPJPY – the pattern is an emerging one and has not yet broken through support, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 203.079 and it is expected to move to 204.0703.
The movement of FTSE100 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 15 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to […]
S&P500 is moving towards a key resistance level at 6890.1602. This is a previously tested level for S&P500. This could be a good trading opportunity, either at the spot price, or after breaching this level.
LTCUSD is heading towards the resistance line of a Channel Up and could reach this point within the next 7 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 […]
USDJPY is trapped in a Channel Down formation, implying that a breakout is Imminent. This is a great trade-setup for both trend and swing traders. It is now approaching a support line that has been tested in the past. Divergence opportunists may be very optimistic about a possible breakout and this may be the start […]
Emerging Channel Down pattern in its final wave was identified on the NAS100 4 hour chart. After a strong bullish run, we find NAS100 heading towards the upper triangle line with a possible resistance at 25375.2094. If the resistance shows to hold, the Channel Down pattern suggests a rebound back towards current levels.
BRN/USD is heading towards the support line of a Falling Wedge and could reach this point within the next 2 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 […]
