Skip to content XAGUSD has broken through the resistance line of a Channel Down pattern and suggests a possible move to 75.4273 within the next 2 days. 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 to levels seen over the last 10 days.
BTCUSD has broken through the resistance line, which it has tested twice before. We have seen it retrace from this line before, so wait for confirmation of the breakout before trading. If this new trend persists, a target level around 77758.1200 may materialize within the next 3 days.
XAGUSD has broken through the resistance line of a Channel Down pattern and suggests a possible move to 75.4273 within the next 2 days. 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 […]
GBPJPY is about to retest a key horizontal resistance level near 215.7870. It has tested this level 4 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.
An emerging Channel Up pattern in its final wave has been identified on the S&P500 4 hour chart. After a strong bullish run, S&P500 is heading toward the upper triangle trendline, with possible resistance at 7222.1475. If the resistance holds, the Channel Up pattern suggests a rebound toward current levels.
LTCUSD is once again retesting a key horizontal support level at 55.3900. This level has been tested 6 times recently and could see another bounce, as it did last time. However, after so many attempts, it may be ready to start a new trend.
EURUSD is moving toward a key resistance level at 1.1759. This level has been tested before for EURUSD. This may present a good trading opportunity either at the spot price or after a breakout through this level.
The last 11 1 hour candles on FTSE100 have formed a Channel Down pattern and broken out through the pattern lines, indicating a possible bullish movement toward the price level at 10374.8401.
