An emerging Rising Wedge has been detected on USDJPY. The pattern has not yet broken through support, but the price is expected to move up over the next few hours. At the time the pattern was found, the price was 156.1155, and it is expected to move to 156.4702.
GBPJPY is heading toward the resistance line in a Ascending Triangle pattern. If this move continues, the price of GBPJPY could test 207.4282 within the next 2 days. It has tested this line many times before, so the move could be short-lived and may rebound as it has before.
The movement of LTCUSD toward the resistance line of a Triangle is yet another test of the line it has reached numerous times in the past. This test of the line could occur within the next 4 days, but it is uncertain whether it will result in a breakout through this line or simply rebound […]
A breakout of FTSE100 through the support line of a Triangle could signal what’s ahead. If the breakout persists, we may see FTSE100’s price test 9591.5231 within the next 2 days.
XAGUSD is approaching a critical level that could be a key deciding factor for what comes next. We may see this trajectory continue to test and break through 57.8255, unless it loses momentum and pulls back to current levels.
BRN/USD is moving toward a resistance line. Since it has retraced from this line before, we may see either a breakout through this line or a rebound to current levels. It has touched this line numerous times in the last 3 days and may test it again within the next 12 hours.
NAS100 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 NAS100 continues on its current trajectory, it could reach 25781.0429 within the next 5 hours.
GBPJPY is heading toward the resistance line of a Rising Wedge pattern and could reach it within the next 2 days. It has tested this line numerous times before, and this time may be no different, ending in a rebound instead of a breakout. If a breakout doesn’t occur, we could see a retracement back […]
