Skip to content S&P500 has broken through a line of 6008.0898 and suggests a possible movement to 6043.5171 within the next 6 hours. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 5 days.
GBPJPY is approaching the resistance line of a Channel Up. It has touched this line numerous times in the last 9 days. If it tests this line again, it should do so in the next 2 days.
The movement of XAUUSD towards the support line of a Channel Down is yet another test of the line it reached numerous times in the past. This line test could happen in the next 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to […]
A strong resistance level has been identified at 1.1450 on the 30 Minutes EURUSD chart. EURUSD is likely to test it soon.
S&P500 is approaching the resistance line of a Rising Wedge. It has touched this line numerous times in the last 2 days. If it tests this line again, it should do so in the next 7 hours.
This trade setup on LTCUSD is formed by a period of consolidation; a period in which the price primarily moves sideways before choosing a new direction for the longer term. Because of the bearish breakout through support, it seems to suggest that we could see the next price move to 89.7994.
NGC/USD is approaching the resistance line of a Channel Down. It has touched this line numerous times in the last 5 days. If it tests this line again, it should do so in the next 7 hours.
BRN/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 BRN/USD continues in its current trajectory, we could see it […]
