FTSE100 has broken through the resistance line of a Pennant 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 22 days, which suggests a possible target around 10716.3348 within the next 2 days.
XAUUSD is about to retest a key horizontal resistance level near 4824.0449. 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.
FTSE100 has broken through the resistance line of a Triangle pattern and suggests a possible move to 10698.4417 within the next 13 hours. It has tested this line before, so it is prudent to wait for confirmation of the breakout before taking action. If the breakout is not confirmed, we could see a retracement back […]
An emerging Channel Up pattern has been detected for NAS100 on the 1 hour chart. There may be a move toward 26867.8875 in the next few candles. Once it reaches the resistance, it may continue its bullish run or revert to current price levels.
USDJPY was identified around 159.1315 after recently rebounding off the support on the 4 hour interval. Ultimately, the stock’s price action has formed a Triangle pattern. This squeeze may increase the chances of a strong breakout. The projected move could take the price to around 159.6782.
A strong resistance level has been identified at 2391.4399 on the 1 hour ETHUSD chart. ETHUSD is likely to test this level soon.
A breakout of NGC/USD through the resistance line of a Falling Wedge could signal what’s ahead. If the breakout persists, we may see NGC/USD’s price test 2.6545 within the next 3 days.
BTCUSD is moving toward a level at 73862.1406, which it has tested many times before. We have seen it retrace from this level before, so at this stage it isn’t clear whether it will break through this price or rebound again. If BTCUSD continues on its current trajectory, we may see it move toward 73862.1406 […]
