An emerging Rising Wedge has been detected on USDJPY. The pattern has not yet broken through support, but the price
ETHUSD is trapped in a Triangle formation, implying that a breakout is imminent. This is a strong trade setup for both trend and swing traders. It is now approaching a resistance line that has been tested before. Divergence watchers may be optimistic about a potential breakout, which could mark the start of a new trend. […]
The last 8 4 hour candles on XAUUSD have formed a Flag pattern and broken out through the pattern lines, indicating a possible bearish movement toward the price level at 4153.1840.
The price of S&P500 is heading back toward the support area. It may struggle to break through and could reverse direction. The price may eventually break through, but it typically retreats from the level several times before doing so.
GBPJPY is heading toward the resistance line in a Ascending Triangle pattern. If this move continues, the price of GBPJPY could test 207.4282 within the next 2 days. It has tested this line many times before, so the move could be short-lived and may rebound as it has before.
A breakout of FTSE100 through the support line of a Triangle could signal what’s ahead. If the breakout persists, we may see FTSE100’s price test 9591.5231 within the next 2 days.
The movement of LTCUSD toward the resistance line of a Triangle is yet another test of the line it has reached numerous times in the past. This test of the line could occur within the next 4 days, but it is uncertain whether it will result in a breakout through this line or simply rebound […]
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