Skip to content Emerging Rising Wedge detected on USDJPY – 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 149.086 and it is expected to move to 150.0222.
A breakout of GBPJPY through the resistance line of a Triangle could signal what’s ahead. If the breakout persists, we may see GBPJPY’s price test 211.5479 within the next 5 hours.
XAUUSD is about to retest a key horizontal support level near 4482.8999. It has tested this level 3 times recently and may simply bounce off it, as it did last time. However, after so many attempts, it may be ready to start a new trend.
The last 20 4 hour candles on FTSE100 have formed a Triangle pattern and broken out through the pattern lines, indicating a possible bullish movement toward the price level at 10243.9850.
An emerging Ascending Triangle pattern in its final wave has been identified on the XAGUSD 1 hour chart. After a strong bullish run, XAGUSD is heading toward the upper triangle trendline, with possible resistance at 74.5846. If the resistance holds, the Ascending Triangle pattern suggests a rebound toward current levels.
USDJPY is moving toward a resistance 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 12 days and may test it again within the next 2 days.
ETHUSD is heading toward 2092.2900 and could reach this level within the next 2 days. It has tested this level numerous times in the past, and this time could be no different, ending in a rebound rather than a breakout. If a breakout does not occur, we may see a retracement back to current levels.
The movement of S&P500 toward the resistance line of a Channel Down is yet another test of the line it has reached numerous times in the past. This test of the line could occur within the next 3 days, but it is uncertain whether it will result in a breakout through this line or simply […]
