Skip to content The breakout of XAUUSD through the 2563.2200 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, XAUUSD could test 2548.6360 within the next 7 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout.
An emerging Rising Wedge has been detected on FTSE100 on the 1 hour chart. There is a possible move towards 8178.8956 next few candles. Once reaching support it may continue its bullish run or reverse back to current price levels.
An emerging Ascending Triangle has been detected on ETHUSD on the 1 hour chart. There is a possible move towards 3536.5189 next few candles. Once reaching support it may continue its bullish run or reverse back to current price levels.
USDJPY 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 […]
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 […]
The price of XAGUSD in heading in the direction of 30.1858. Despite the recent breakout through 29.7910 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.
The breakout of NAS100 through the support line of a Triangle could be a sign of the road ahead. If this breakout persists, we may see the price of NAS100 testing 21429.9757 within the next 2 days.
The last 11 1 hour candles on GBPJPY formed a Triangle pattern and broken out through the pattern lines, indicating a possible bearish movement towards the price level of 196.3530.
