Skip to content USDJPY was identified at around 147.4645 having recently rebounded of the support on the 4 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 148.2785 level.
XAGUSD is approaching a support line at 86.7077. If it hits the support line, it may break through this level to continue the bearish trend, or it may return to current levels.
BTCUSD has moved higher by 6.44% from 64904.06 to 69080.89 in the last 15 hours.
FTSE100 is moving toward a resistance line it has tested many times. It has retraced from this line before, so it’s unclear whether it will break through or rebound again. If FTSE100 continues on its current trajectory, it could reach 10967.5713 within the next 2 days.
An emerging Rising Wedge pattern in its final wave has been identified on the USDJPY 1 hour chart. After a strong bullish run, USDJPY is heading toward the upper triangle trendline, with possible resistance at 156.8224. If the resistance holds, the Rising Wedge pattern suggests a rebound toward current levels.
BRN/USD has broken through a support line. Because it has previously retraced from this price, you should wait for confirmation of the breakout before trading. It has touched this line multiple times over the past 6 days, which suggests a possible target around 70.4855 within the next 17 hours.
EURUSD 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 8 days and may test it again within the next 2 days.
ETHUSD is heading toward the resistance line in a Channel Down pattern. If this move continues, the price of ETHUSD could test 1927.7262 within the next 3 days. It has tested this line many times before, so the move could be short-lived and may rebound as it has before.
