Emerging Channel Up pattern in its final wave was identified on the NGC/USD 1 hour chart. After a strong bullish run, we find NGC/USD heading towards the upper triangle line with a possible resistance at 3.7818. If the resistance shows to hold, the Channel Up pattern suggests a rebound back towards current levels.
NAS100 has moved lower by 3.96% from 21793.6081 to 20929.8791 in the last 3 days.
A movement of 1.91% over 3 days on EURUSD doesn’t go unnoticed. You may start considering where it’s heading next, a continuation of the current downward trend, or a reversal in the previous direction.
XAGUSD has moved lower by 2.55% from 31.663 to 30.855 in the last 3 days.
A movement of 4.98% over 2 days on BTCUSD doesn’t go unnoticed. You may start considering where it’s heading next, a continuation of the current downward trend, or a reversal in the previous direction.
USDJPY is moving towards a line of 156.1170 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If USDJPY continues in its current trajectory, we […]
The last 8 4 hour candles on S&P500 formed a Pennant pattern and broken out through the pattern lines, indicating a possible bearish movement towards the price level of 5971.3683.
Rising Wedge pattern identified on XAUUSD has broken through a support level with the price momentum continuing to move in an downward direction. A solid trading opportunity continues with the price expected to reach 2792.5989 in the next 20.
