Skip to content XAUUSD is heading towards the resistance line of a Channel Up. If this movement continues, the price of XAUUSD could test 2668.4056 within the next 7 hours. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.
You would be well advised to confirm the breakout that has just occurred – do you believe the move through resistance to be significant? Do you have confirming indicators that the price momentum will continue? If so, look for a target of 73.3999 but consider reducing the size of your position as the price gets […]
LTCUSD has broken through the resistance line of a Triangle technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 2 days and suggests a possible target level to […]
The breakout of XAUUSD through the support line of a Channel Up could be a sign of the road ahead. If this breakout persists, we may see the price of XAUUSD testing 2661.7071 within the next 16 hours.
BTCUSD is approaching a resistance line at 99943.9609. If it hits the resistance line, it may break through this level to continue the bullish trend, or it may turn around back to current levels.
An emerging Channel Up has been detected on USDJPY on the 1 hour chart. There is a possible move towards 150.3805 next few candles. Once reaching resistance it may continue its bearish run or reverse back to current price levels.
FTSE100 has broken through a line of 8275.5000. If this breakout holds true, we could see the price of FTSE100 heading towards 8244.8271 within the next 2 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so you should probably confirm the breakout before placing any […]
Triangle pattern identified on NGC/USD 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 3.0401 in the next 5.
