Pennant pattern identified on LTCUSD has broken through a resistance level with the price momentum continuing to move in an upward direction. A solid trading opportunity continues with the price expected to reach 131.4997 in the next 12.
Pennant pattern identified on LTCUSD has broken through a resistance level with the price momentum continuing to move in an upward direction. A solid trading opportunity continues with the price expected to reach 131.4997 in the next 12.
XAUUSD is heading towards the resistance line of a Channel Up and could reach this point within the next 2 days. 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 […]
A Channel Down pattern was identified on ETHUSD at 3253.31, creating an expectation that it may move to the support line at 3001.6918. It may break through that line and continue the bearish trend or it may reverse from that line.
FTSE100 has experienced an extremely big movement in last 29 days. It may continue the trend, but this would make the move unprecedented in the recent past.
An emerging Rising Wedge has been detected on USDJPY on the 15 Minutes chart. There is a possible move towards 156.6915 next few candles. Once reaching support it may continue its bullish run or reverse back to current price levels.
XAGUSD is approaching the support line of a Channel Up. It has touched this line numerous times in the last 26 days. If it tests this line again, it should do so in the next 2 days.
The price of BTCUSD in heading back to the support area. It is possible that it will struggle to break through it and move back in the other direction. The price may eventually break through, but typically the price retreats from the level a number of times before doing so.
EURUSD is moving towards a key support level at 1.0248. This is a previously tested level for EURUSD. This could be a good trading opportunity, either at the spot price, or after breaching this level.