NAS100 has broken through the resistance line of a Channel Down pattern and suggests a possible move to 24898.8753 within the next 13 hours. It has tested this line before, so it is prudent to wait for confirmation of the breakout before taking action. If the breakout is not confirmed, we could see a retracement back to levels seen over the last 3 days.
BRN/USD rose sharply over 34 days, marking an unusually large move that exceeds 98% of historical price moves for this instrument.
XAUUSD is heading toward the resistance line of a Channel Down 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 […]
USDJPY was identified around 159.6035 after recently rebounding off the support on the 15 Minutes interval. Ultimately, the stock’s price action has formed a Rising Wedge pattern. This squeeze may increase the chances of a strong breakout. The projected move could take the price to around 159.9742.
The movement of EURUSD towards the 1.1515 price line is yet another test of a line it has reached numerous times in the past. We can expect this test to occur within the next 3 days, but it is uncertain whether it will result in a breakout through this line or simply rebound to current […]
NGC/USD is moving toward a support 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 50 days and may test it again within the next 3 days.
S&P500 just posted a 2.99% move over the past 4 days—a move unlikely to go unnoticed by any trading style.
NAS100 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 4 days and may test it again within the next 18 hours.
