Emerging Channel Down detected on XAGUSD – the pattern is an emerging one and has not yet broken through resistance,
A movement of 7.84% over 2 days on BTCUSD doesn’t go unnoticed. You may start considering where it’s heading next, a continuation of the current downward trend, or a reversal in the previous direction.
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S&P500 has broken through the resistance line of a Falling Wedge technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 5 days and suggests a possible target level […]
BRN/USD is heading towards the support line of a Channel Up and could reach this point within the next 6 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we […]
A Channel Down pattern was identified on USDJPY at 149.513, creating an expectation that it may move to the support line at 148.0098. It may break through that line and continue the bearish trend or it may reverse from that line.
ETHUSD has broken through a support line. It has touched this line numerous times in the last 12 days. This breakout shows a potential move to 2443.7561 within the next 3 days. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.
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