The movement of NAS100 toward the support line of a Falling Wedge is yet another test of the line it has reached numerous times in the past. This test of the line could occur within the next 2 days, but it is uncertain whether it will result in a breakout through this line or simply rebound to current levels.
The breakout of NAS100 through the 24699.4395 price line is a breach of an important psychological price level that it has tested numerous times in the past. If this breakout persists, NAS100 could test 24409.5957 within the next 2 days. One should always be cautious before placing a trade and wait for confirmation of the […]
LTCUSD has moved higher by 6.47% from 51.96 to 55.32 in the last 17 hours.
USDJPY has broken through a resistance line of the Triangle chart pattern. If this breakout holds, we may see the price of USDJPY test 156.3917 within the next 7 hours. But don’t rush to trade. It has tested this line before, so confirm the breakout before taking any action.
BRN/USD is moving toward a resistance line. Since it has retraced from this line before, we may see either a breakout through it or a rebound to current levels. It has touched this line multiple times in the past 2 days and may test it again within the next 5 hours.
After posting 9 consecutive bullish candles over 3 days, consider where FTSE100 may be headed next: a continuation of the current upward trend or a reversal.
BRN/USD is trapped in a Rising Wedge formation, implying that a breakout is imminent. This is a strong trade setup for both trend and swing traders. It is now approaching a support line that has been tested before. Divergence watchers may be optimistic about a potential breakout, which could mark the start of a new […]
LTCUSD is about to retest a key horizontal support level near 54.0800. It has tested this level 6 times recently and may simply bounce off it, as it did last time. However, after so many attempts, it may be ready to start a new trend.
