XAGUSD has broken through a resistance line of a Falling Wedge and suggests a possible movement to 33.0540 within the
NAS100 has broken through a resistance line of a Triangle and suggests a possible movement to 20301.8881 within the next 17 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement back […]
USDJPY moved through the support line of a Triangle at 151.83445454545458 on the 4 hour chart. This line has been tested a number of times in the past and this breakout could mean an upcoming change from the current trend. It may continue in its current direction toward 151.2951.
Emerging Channel Down pattern in its final wave was identified on the S&P500 30 Minutes chart. After a strong bearish run, we find S&P500 heading towards the upper triangle line with a possible resistance at 5622.6356. If the support shows to hold, the Channel Down pattern suggests a rebound back towards current levels.
The movement of BTCUSD towards 65171.5391 price line is yet another test of the line it reached numerous times in the past. We could expect this test to happen in the next 3 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.
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.
EURUSD is en route to a very important line that will be a definite deciding factor of what is to come! We may see this trajectory continue to touch and break through 1.0780, unless it runs out of momentum and pulls back to current levels.
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