FTSE100 is moving towards a resistance line which it has tested numerous times in the past. We have seen it
XAGUSD is about to retest a key horizontal resistance level near 30.7100. It has tested this level 5 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.
S&P500 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 S&P500 continues in its current trajectory, we could see it […]
Emerging Falling Wedge pattern in its final wave was identified on the GBPJPY 4 hour chart. After a strong bearish run, we find GBPJPY heading towards the upper triangle line with a possible resistance at 188.9980. If the support shows to hold, the Falling Wedge pattern suggests a rebound back towards current levels.
Emerging Falling Wedge detected on BRN/USD – 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 72.65 and it is expected to move to 71.4433.
Emerging Rising Wedge detected on ETHUSD – the pattern is an emerging one and has not yet broken through support, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 3714.06 and it is expected to move to 3773.1487.
BRN/USD is trapped in a Falling Wedge formation, implying that a breakout is Imminent. This is a great trade-setup for both trend and swing traders. It is now approaching a resistance line that has been tested in the past. Divergence opportunists may be very optimistic about a possible breakout and this may be the start […]
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