GBPJPY is moving towards a resistance line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If GBPJPY continues in its current trajectory, we could see it reach 200.1423 within the next 18 hours.
A Channel Up pattern was identified on ETHUSD at 3504.18, creating an expectation that it may move to the resistance line at 3693.7448. It may break through that line and continue the bullish trend or it may reverse from that line.
BTCUSD is heading towards a line of 116713.6797. If this movement continues, the price of BTCUSD could test 116713.6797 within the next 2 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.
LTCUSD is approaching a resistance line at 98.2600. 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.
The movement of USDJPY towards the resistance line of a Channel Up is yet another test of the line it reached numerous times in the past. This line test could happen in the next 3 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to […]
Emerging Head and Shoulders pattern in its final wave was identified on the FTSE100 15 Minutes chart. After a strong bearish run, we find FTSE100 heading towards the upper triangle line with a possible resistance at 8926.9949. If the support shows to hold, the Head and Shoulders pattern suggests a rebound back towards current levels.
Emerging Channel Up pattern in its final wave was identified on the NGC/USD 30 Minutes chart. After a strong bullish run, we find NGC/USD heading towards the upper triangle line with a possible resistance at 3.6001. If the resistance shows to hold, the Channel Up pattern suggests a rebound back towards current levels.
NAS100 is heading towards a line of 22646.6465. If this movement continues, the price of NAS100 could test 22646.6465 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.
