Skip to content Emerging Channel Up pattern in its final wave was identified on the S&P500 1 hour chart. After a strong bullish run, we find S&P500 heading towards the upper triangle line with a possible resistance at 5989.8030. If the resistance shows to hold, the Channel Up pattern suggests a rebound back towards current levels.
EURUSD is heading towards the resistance line of a Rising Wedge 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 from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we […]
XAGUSD is moving towards a resistance line. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 3 days and may test it again within the next 5 hours.
LTCUSD is approaching a support line at 92.9100. If it hits the support line, it may break through this level to continue the bearish trend, or it may turn around back to current levels.
A strong support level has been identified at 143.8530 on the 30 Minutes USDJPY chart. USDJPY is likely to test it soon.
FTSE100 was identified at around 8777.07 having recently rebounded of the support on the 4 hour data interval. Ultimately, the price action of the stock has formed a Channel Up pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 8923.2684 level.
Emerging Channel Up detected on GBPJPY – 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 196.1925 and it is expected to move to 198.1327.
The breakout of NAS100 through the 21531.2891 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, NAS100 could test 21964.3867 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation of the breakout.
