FTSE100 is trapped in a Channel Up formation, implying that a breakout is Imminent. This is a great trade-setup for
USDJPY is moving towards a support line. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 9 days and may test it again within the next 2 days.
NAS100 is heading towards the resistance line of a Triangle and could reach this point within the next 2 days. 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 could […]
BTCUSD 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 BTCUSD continues in its current trajectory, we could see it […]
EURUSD has experienced an exceptionally large amount of consecutive bearish candles to reach a price of 1.0859 in the last 5 days.
Emerging Channel Up detected on FTSE100 – 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 8373.7 and it is expected to move to 8360.3771.
LTCUSD is moving towards a resistance line. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 8 days and may test it again within the next 2 days.
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