The breakout of BRN/USD through the 69.1315 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, BRN/USD could test 67.9764 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation of the breakout.
The breakout of BRN/USD through the 69.1315 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, BRN/USD could test 67.9764 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation of the breakout.
A strong resistance level has been identified at 118455.2578 on the 30 Minutes BTCUSD chart. BTCUSD is likely to test it soon.
EURUSD 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 6 days and may test it again within the next 19 hours.
FTSE100 has broken through the support line of a Rising Wedge technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 16 days and suggests a possible target level […]
LTCUSD is trapped in a Rectangle formation, implying that a breakout is Imminent. This is a great trade-setup for both trend and swing traders. It is now approaching a support line that has been tested in the past. Divergence opportunists may be very optimistic about a possible breakout and this may be the start of […]
NGC/USD is moving towards a line of 3.3060 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 NGC/USD continues in its current trajectory, we […]
GBPJPY is trapped in a Falling Wedge 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 […]
