Emerging Rising Wedge detected on XAGUSD – the pattern is an emerging one and has not yet broken through support,
ETHUSD has broken through a line of 4646.8701. If this breakout holds true, we could see the price of ETHUSD heading towards 4715.0781 within the next 14 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so you should probably confirm the breakout before placing any […]
A strong support level has been breached at 147.2330 on the 1 hour USDJPY chart. Technical Analysis theory forecasts a movement to 146.8306 in the next 20 hours.
A Channel Up pattern was identified on GBPJPY at 200.3795, creating an expectation that it may move to the resistance line at 201.0890. It may break through that line and continue the bullish trend or it may reverse from that line.
NAS100 is approaching the resistance line of a Channel Up. 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 20 hours.
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 114.7958 but consider reducing the size of your position as the price gets […]
An emerging Channel Up has been detected on XAGUSD on the 15 Minutes chart. There is a possible move towards 42.0964 next few candles. Once reaching resistance it may continue its bearish run or reverse back to current price levels.
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