EURUSD dropped sharply for 4 hours – which is an excessively big movement for this instrument; exceeding the 98% of past price moves. Even if this move is a sign of a new trend in EURUSD there is a chance that we will witness a correction, no matter how brief.
BRN/USD is heading towards a line of 73.5805. If this movement continues, the price of BRN/USD could test 73.5805 within the next 3 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding.
A strong support level has been identified at 3291.3301 on the 1 hour ETHUSD chart. ETHUSD is likely to test it soon.
USDJPY is approaching the resistance line of a Ascending Triangle. It has touched this line numerous times in the last 12 days. If it tests this line again, it should do so in the next 3 days.
An emerging Rising Wedge has been detected on FTSE100 on the 1 hour chart. There is a possible move towards 8178.8956 next few candles. Once reaching support it may continue its bullish run or reverse back to current price levels.
An emerging Ascending Triangle has been detected on ETHUSD on the 1 hour chart. There is a possible move towards 3536.5189 next few candles. Once reaching support it may continue its bullish run or reverse back to current price levels.
USDJPY is trapped in a Channel Up formation, implying that a breakout is Imminent. This is a great trade-setup for both trend and swing traders. It is now approaching a support line that has been tested in the past. Divergence opportunists may be very optimistic about a possible breakout and this may be the start […]
BRN/USD is trapped in a Channel Up formation, implying that a breakout is Imminent. This is a great trade-setup for both trend and swing traders. It is now approaching a support line that has been tested in the past. Divergence opportunists may be very optimistic about a possible breakout and this may be the start […]
