The breakout of BRN/USD through the resistance line of a Falling Wedge could be a sign of the road ahead.
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NGC/USD moved through the resistance line of a Channel Down at 2.268646341463415 on the 30 Minutes 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 2.2957.
USDJPY moved through the support line of a Channel Up at 149.38331818181823 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 148.5526.
This trade setup on XAUUSD is formed by a period of consolidation; a period in which the price primarily moves sideways before choosing a new direction for the longer term. Because of the bearish breakout through support, it seems to suggest that we could see the next price move to 2715.4140.
ETHUSD is moving towards a resistance line. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 15 days and may test it again within the next 19 hours.
GBPJPY has broken through a resistance line of a Ascending Triangle chart pattern. If this breakout holds true, we may see the price of GBPJPY testing 196.7880 within the next 3 days. But don’t be so quick to trade, it has tested this line in the past, so you should confirm the breakout before taking […]
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