Emerging Channel Up pattern in its final wave was identified on the XAUUSD 1 hour chart. After a strong bearish run, we find XAUUSD heading towards the upper triangle line with a possible resistance at 2834.4833. If the support shows to hold, the Channel Up pattern suggests a rebound back towards current levels.
FTSE100 is moving towards a support line. Because we have seen it retrace from this line before, 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 15 days and may test it again within the next 2 days.
EURUSD has broken through a support line of a Triangle chart pattern. If this breakout holds true, we may see the price of EURUSD testing 1.0810 within the next 8 hours. But don’t be so quick to trade, it has tested this line in the past, so you should confirm the breakout before taking any […]
XAUUSD was identified at around 2917.02 having recently rebounded of the support on the 4 hour data interval. Ultimately, the price action of the stock has formed a Triangle pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 2922.3600 level.
An emerging Rising Wedge has been detected on GBPJPY on the 4 hour chart. There is a possible move towards 193.2247 next few candles. Once reaching support it may continue its bullish run or reverse back to current price levels.
NGC/USD 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 NGC/USD continues in its current trajectory, we could see it […]
You would be well advised to confirm the breakout that has just occurred – do you believe the move through resistance to be significant? Do you have confirming indicators that the price momentum will continue? If so, look for a target of 5810.7398 but consider reducing the size of your position as the price gets […]
LTCUSD was identified at around 101.83 having recently rebounded of the resistance on the 30 Minutes data interval. Ultimately, the price action of the stock has formed a Channel Down pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 90.7303 level.
