Skip to content NAS100 has broken through the resistance line of a Channel Down technical chart pattern. Because it has retraced from this
An emerging Channel Down pattern in its final wave has been identified on the USDJPY 1 hour chart. After a strong bullish run, USDJPY is heading toward the upper triangle trendline, with possible resistance at 159.1271. If the resistance holds, the Channel Down pattern suggests a rebound toward current levels.
A breakout of GBPJPY through the resistance line of a Triangle could signal what’s ahead. If the breakout persists, we may see GBPJPY’s price test 211.5479 within the next 5 hours.
XAUUSD is about to retest a key horizontal support level near 4482.8999. It has tested this level 3 times recently and may simply bounce off it, as it did last time. However, after so many attempts, it may be ready to start a new trend.
The last 20 4 hour candles on FTSE100 have formed a Triangle pattern and broken out through the pattern lines, indicating a possible bullish movement toward the price level at 10243.9850.
An emerging Ascending Triangle pattern in its final wave has been identified on the XAGUSD 1 hour chart. After a strong bullish run, XAGUSD is heading toward the upper triangle trendline, with possible resistance at 74.5846. If the resistance holds, the Ascending Triangle pattern suggests a rebound toward current levels.
USDJPY is moving toward a resistance line. Since it has retraced from this line before, we may see either a breakout through it or a rebound to current levels. It has touched this line multiple times in the past 12 days and may test it again within the next 2 days.
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