Skip to content EURUSD was identified at around 1.03609 having recently rebounded of the support on the 1 hour 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 1.0382 level.
LTCUSD has broken through a line of 111.6800. If this breakout holds true, we could see the price of LTCUSD heading towards 120.4630 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 […]
Emerging Channel Down pattern in its final wave was identified on the NGC/USD 30 Minutes chart. After a strong bullish run, we find NGC/USD heading towards the upper triangle line with a possible resistance at 3.5756. If the resistance shows to hold, the Channel Down pattern suggests a rebound back towards current levels.
USDJPY is moving towards a support line. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 15 days and may test it again within the next 2 days.
The breakout of S&P500 through the resistance line of a Falling Wedge could be a sign of the road ahead. If this breakout persists, we may see the price of S&P500 testing 5969.7661 within the next 2 days.
This trade setup on NGC/USD is formed by a period of consolidation; a period in which the price primarily moves sideways before choosing a new direction for the longer term. Because of the bearish breakout through support, it seems to suggest that we could see the next price move to 3.4103.
LTCUSD is moving towards a key resistance level at 106.9400. LTCUSD has previously tested this level 4 times and on each occasion it has bounced back off this level. Is this finally the time it will break through?
Emerging Channel Up detected on FTSE100 – 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 8270.5 and it is expected to move to 8355.8382.
