The breakout of XAUUSD through the resistance line of a Triangle could be a sign of the road ahead. If this breakout persists, we may see the price of XAUUSD testing 2685.0503 within the next 2 days.
Skip to content The breakout of XAUUSD through the resistance line of a Triangle could be a sign of the road ahead. If this breakout persists, we may see the price of XAUUSD testing 2685.0503 within the next 2 days.
An emerging Falling Wedge has been detected on USDJPY on the 1 hour chart. There is a possible move towards 145.9106 next few candles. Once reaching resistance it may continue its bearish run or reverse back to current price levels.
S&P500 is en route to a very important line that will be a definite deciding factor of what is to come! We may see this trajectory continue to touch and break through 6579.5298, unless it runs out of momentum and pulls back to current levels.
NGC/USD is approaching a resistance line at 3.1155. 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.
Emerging Channel Up pattern in its final wave was identified on the BTCUSD 4 hour chart. After a strong bullish run, we find BTCUSD heading towards the upper triangle line with a possible resistance at 120044.4917. If the resistance shows to hold, the Channel Up pattern suggests a rebound back towards current levels.
The price of GBPJPY in heading back to the support area. It is possible that it will struggle to break through it and move back in the other direction. The price may eventually break through, but typically the price retreats from the level a number of times before doing so.
Emerging Rising Wedge detected on XAUUSD – 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 3693.725 and it is expected to move to 3724.2258.
ETHUSD is heading towards 4543.7002 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, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.