An emerging Ascending Triangle has been detected on GBPJPY on the 4 hour chart. There is a possible move towards 199.3790 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 GBPJPY on the 4 hour chart. There is a possible move towards 199.3790 next few candles. Once reaching support it may continue its bullish run or reverse back to current price levels.
LTCUSD 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 14 days and may test it again within the next 2 days.
A strong resistance level has been breached at 4086.0000 on the 15 Minutes XAUUSD chart. Technical analysis forecasts a move to 4118.1260 within the next 10 hours.
S&P500 is moving toward a resistance line. Since it has retraced from this line before, we may see either a breakout through it or a rebound to current levels. It has touched this line multiple times in the past 7 days and may test it again within the next 22 hours.
NGC/USD is approaching the line at 4.2575. If this move continues, the price of NGC/USD could test 4.2575 within the next 10 hours. But do not rush to trade. It has tested this line many times in the past, so the move could be short-lived and end in a rebound.
USDJPY is heading toward the resistance line in a Channel Up pattern. If this move continues, the price of USDJPY could test 155.9466 within the next 8 hours. It has tested this line many times before, so the move could be short-lived and may rebound as it has before.
A Channel Down pattern was identified for ETHUSD at 3030.84, suggesting it may move toward the resistance line at 3189.6250. It may break through that line and continue the bullish trend, or reverse from it.
LTCUSD has broken through the resistance line, which it has tested twice before. We have seen it retrace from this line before, so wait for confirmation of the breakout before trading. If this new trend persists, a target level around 98.4387 may materialize within the next 20 hours.