BTCUSD has experienced an extremely big movement in last 9 days. It may continue the trend, but this would make
Emerging Rising Wedge pattern in its final wave was identified on the USDJPY 1 hour chart. After a strong bullish run, we find USDJPY heading towards the upper triangle line with a possible resistance at 156.7290. If the resistance shows to hold, the Rising Wedge pattern suggests a rebound back towards current levels.
The price of BRN/USD in heading back to the support 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.
The breakout of FTSE100 through the resistance line of a Falling Wedge could be a sign of the road ahead. If this breakout persists, we may see the price of FTSE100 testing 8118.4241 within the next 2 days.
XAGUSD was identified at around 30.434 having recently rebounded of the resistance on the 4 hour data interval. Ultimately, the price action of the stock has formed a Falling Wedge pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 29.6726 level.
S&P500 is trapped in a Channel Up 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 […]
GBPJPY is heading towards 197.9010 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, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
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