XAGUSD was identified at around 30.434 having recently rebounded of the resistance on the 4 hour data interval. Ultimately, the
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.
ETHUSD rose sharply for 8 days – which is an excessively big movement for this instrument; exceeding the 98% of past price moves. Even if this move is a sign of a new trend in ETHUSD there is a chance that we will witness a correction, no matter how brief.
Trend followers are probably eagerly watching EURUSD to see if its latest 5 consecutive candles continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 4 day move.
NAS100 is moving towards a line of 21139.4063 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If NAS100 continues in its current trajectory, we […]
BTCUSD has broken through a line of 86996.5234. If this breakout holds true, we could see the price of BTCUSD heading towards 85222.7344 within the next 6 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so you should probably confirmation the breakout before placing any […]
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