A Channel Down pattern was identified on BRN/USD at 67.9195, creating an expectation that it may move to the resistance line at 68.1912. It may break through that line and continue the bullish trend or it may reverse from that line.
A Channel Down pattern was identified on BRN/USD at 67.9195, creating an expectation that it may move to the resistance line at 68.1912. It may break through that line and continue the bullish trend or it may reverse from that line.
Emerging Falling Wedge pattern in its final wave was identified on the USDJPY 4 hour chart. After a strong bearish run, we find USDJPY heading towards the upper triangle line with a possible resistance at 146.4240. If the support shows to hold, the Falling Wedge pattern suggests a rebound back towards current levels.
NGC/USD is heading towards the resistance line of a Channel Up 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 […]
Rising Wedge pattern identified on NAS100 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 23165.1714 in the next 2.
NAS100 is en route to a very important line that will be a definite deciding factor of what is to come! We may see this trajectory continue to touch and break through 23429.0117, unless it runs out of momentum and pulls back to current levels.
GBPJPY has broken through a support line. It has touched this line numerous times in the last 8 days. This breakout shows a potential move to 197.6960 within the next 2 days. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.
BRN/USD is trapped in a Channel Up formation, implying that a breakout is Imminent. This is a great trade-setup for both trend and swing traders. It is now approaching a support line that has been tested in the past. Divergence opportunists may be very optimistic about a possible breakout and this may be the start […]
ETHUSD has broken through a support line. It has touched this line at least twice in the last 9 days. This breakout may indicate a potential move to 4212.5125 within the next 3 days. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before […]