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EURUSD seems to be on its way to resistance – a possible opportunity?

EURUSD is approaching a resistance line at 1.1413. If it hits the resistance line, it may break through this level

After testing the support line numerous times, NGC/USD is once again approaching this line. Can we expect a bearish trend to follow?

NGC/USD is trapped in a Falling 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 resistance line that has been tested in the past. Divergence opportunists may be very optimistic about a possible breakout and this may be the start […]

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S&P500 through 5310.579024390244. Is this a confirming a breakout? Will it continue its path in the current trend toward 5385.4312?

This trade setup on S&P500 is formed by a period of consolidation; a period in which the price primarily moves sideways before choosing a new direction for the longer term. Because of the bullish breakout through resistance, it seems to suggest that we could see the next price move to 5385.4312.

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After testing the resistance line numerous times, ETHUSD is once again approaching this line. Can we expect a bullish trend to follow?

Emerging Ascending Triangle pattern in its final wave was identified on the ETHUSD 4 hour chart. After a strong bullish run, we find ETHUSD heading towards the upper triangle line with a possible resistance at 1693.7896. If the resistance shows to hold, the Ascending Triangle pattern suggests a rebound back towards current levels.

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XAGUSD heading towards a price it has tested 4 times in the recent past.

XAGUSD is approaching a support line at 32.0875. If it hits the support line, it may break through this level to continue the bearish trend, or it may turn around back to current levels.

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XAUUSD hits 3350.1135 after a 12.36% move spanning 11 days

Those of you that are trend followers are probably eagerly watching XAUUSD to see if its latest 12.36% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 11 days move.

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FTSE100 – approaching a price line that has been previously tested numerous times in the past

The price of FTSE100 in heading back to the resistance area. It is possible that it will struggle to break through it and move back in the other direction. The price may eventually break through, but typically the price retreats from the level a number of times before doing so.

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