A Falling Wedge pattern was identified on BRN/USD at 72.01, creating an expectation that it may move to the support line at 71.2045. It may break through that line and continue the bearish trend or it may reverse from that line.
A Falling Wedge pattern was identified on BRN/USD at 72.01, creating an expectation that it may move to the support line at 71.2045. It may break through that line and continue the bearish trend or it may reverse from that line.
BRN/USD is heading toward the resistance line in a Rising Wedge pattern. If this move continues, the price of BRN/USD could test 103.4679 within the next 7 hours. It has tested this line many times before, so the move could be short-lived and may rebound as it has before.
GBPJPY has broken through 215.4680, which it has tested many times before. We have also seen it retrace from this level. If this new trend persists, GBPJPY may be heading towards 216.1308 within the next 2 days.
LTCUSD has breached the resistance line at 55.5200. It may continue the bullish trend toward 57.1740, or it may be yet another test of this level.
S&P500 has broken through a support line of the Channel Up chart pattern. If this breakout holds, we may see the price of S&P500 test 7000.6465 within the next 3 days. But don’t rush to trade. It has tested this line before, so confirm the breakout before taking any action.
NGC/USD is moving toward a resistance line. Because it has retraced from this level in the past, we may see either a breakout through this line or a rebound to current levels. It has touched this line multiple times over the last 13 days and may test it again within the next 2 days.
EURUSD is trapped in a Channel Down formation, implying that a breakout is imminent. This is a strong trade setup for both trend and swing traders. It is now approaching a resistance line that has been tested before. Divergence watchers may be optimistic about a potential breakout, which could mark the start of a new […]
NAS100 has broken through a resistance line. Since it has previously retraced from this price, wait for confirmation of the breakout before trading. It has touched this line several times over the past 4 days. This suggests a possible target around 26818.9688 within the next 9 hours.