Emerging Channel Down detected on XAUUSD – the pattern is an emerging one and has not yet broken through resistance,
BTCUSD is moving towards a support 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 BTCUSD continues in its current trajectory, we could see it […]
NAS100 was identified at around 23663.6644 having recently rebounded of the resistance on the 1 hour data interval. Ultimately, the price action of the stock has formed a Channel Down pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 23509.8739 level.
BRN/USD is approaching the resistance line of a Triangle. It has touched this line numerous times in the last 10 days. If it tests this line again, it should do so in the next 2 days.
A Falling Wedge pattern was identified on NGC/USD at 2.8355, creating an expectation that it may move to the support line at 2.6460. It may break through that line and continue the bearish trend or it may reverse from that line.
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 […]
The movement of USDJPY towards the support line of a Falling Wedge is yet another test of the line it reached numerous times in the past. This line test could happen in the next 4 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to […]
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