BTCUSD is heading towards the resistance line of a Channel Down. If this movement continues, the price of BTCUSD could test 103311.2990 within the next 2 days. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.
GBPJPY is approaching the support line of a Falling Wedge. It has touched this line numerous times in the last 3 days. If it tests this line again, it should do so in the next 14 hours.
FTSE100 is moving towards a line of 8805.9805 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If FTSE100 continues in its current trajectory, we […]
LTCUSD is approaching the support line of a Descending Triangle. It has touched this line numerous times in the last 15 days. If it tests this line again, it should do so in the next 3 days.
XAUUSD is moving towards a support line. Because we have seen it retrace from this level in the past, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 6 days and may test it again within the next […]
EURUSD is approaching a resistance line at 1.1551. If it hits the resistance line, it may break through this level to continue the bullish trend, or it may turn around back to current levels.
Emerging Descending Triangle detected on S&P500 – the pattern is an emerging one and has not yet broken through resistance, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 5994.16 and it is expected to move to 5916.7489.
A Rising Wedge pattern was identified on USDJPY at 144.9045, creating an expectation that it may move to the resistance line at 145.3541. It may break through that line and continue the bullish trend or it may reverse from that line.
