The last 8 4 hour candles on XAUUSD formed a Rising Wedge pattern and broken out through the pattern lines,
The breakout of GBPJPY through the 194.0700 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, GBPJPY could test 194.8174 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation of the breakout.
BTCUSD is approaching the resistance line of a Channel Up. It has touched this line numerous times in the last 4 days. If it tests this line again, it should do so in the next 19 hours.
A strong resistance level has been breached at 21178.3555 on the 1 hour NAS100 chart. Technical Analysis theory forecasts a movement to 21282.5684 in the next 8 hours.
EURUSD is trapped in a Rising 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 support line that has been tested in the past. Divergence opportunists may be very optimistic about a possible breakout and this may be the start […]
The breakout of S&P500 through the 5861.2402 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, S&P500 could test 5884.4248 within the next 11 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout.
An emerging Rising Wedge has been detected on XAGUSD on the 4 hour chart. There is a possible move towards 33.9280 next few candles. Once reaching support it may continue its bullish run or reverse back to current price levels.
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