Skip to content Emerging Falling Wedge pattern in its final wave was identified on the NGC/USD 4 hour chart. After a strong bearish run, we find NGC/USD heading towards the upper triangle line with a possible resistance at 3.8037. If the support shows to hold, the Falling Wedge pattern suggests a rebound back towards current levels.
NGC/USD is moving towards a line of 4.1530 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 NGC/USD continues in its current trajectory, we […]
EURUSD is heading towards the resistance line of a Channel Up and could reach this point within the next 18 hours. 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 […]
S&P500 has broken through the support line which it has tested twice in the past. We have seen it retrace from this line before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target level of around 5632.5669 may materialize within the next 7 hours.
Emerging Channel Up detected on XAUUSD – 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 3027.35 and it is expected to move to 3098.7860.
You would be well advised to confirm the breakout that has just occurred – do you believe the move through support to be significant? Do you have confirming indicators that the price momentum will continue? If so, look for a target of 1872.8254 but consider reducing the size of your position as the price gets […]
An emerging Channel Up has been detected on GBPJPY on the 4 hour chart. There is a possible move towards 196.0009 next few candles. Once reaching support it may continue its bullish run or reverse back to current price levels.
The movement of NAS100 towards 19515.0234 price line is yet another test of the line it reached numerous times in the past. We could expect this test to happen in the next 17 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.
