S&P500 was identified at around 6020.31 having recently rebounded of the resistance on the 15 Minutes data interval. Ultimately, the price action of the stock has formed a Channel Down pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 6002.5117 level.
Emerging Channel Down detected on LTCUSD – 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 115.64 and it is expected to move to 122.6229.
A Rising Wedge pattern was identified on GBPJPY at 193.85, creating an expectation that it may move to the resistance line at 195.6066. It may break through that line and continue the bullish trend or it may reverse from that line.
XAGUSD has broken through a support line. Because we have seen it retrace from this price in the past, one should wait for confirmation of the breakout before trading. It has touched this line numerous times in the last 11 days and suggests a possible target level to be around 29.7730 within the next 2 […]
ETHUSD is heading towards a line of 3385.3000. If this movement continues, the price of ETHUSD could test 3385.3000 within the next 3 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding.
EURUSD hits 1.04675 after a 1.98% move spanning 15 days.
The price of NGC/USD in heading in the direction of 3.4972. Despite the recent breakout through 3.7345 it is possible that it will struggle to gain momentum to the forecast price and move back in the other direction. This has happened many times in the past so watch for a possible bounce back.
S&P500 is moving towards a line of 5958.9800 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 S&P500 continues in its current trajectory, we […]
