BRN/USD is heading towards the resistance line of a Channel Up. If this movement continues, the price of BRN/USD could test 70.5128 within the next 16 hours. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.
S&P500 is moving towards a line of 6479.7700 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 S&P500 continues in its current trajectory, we […]
EURUSD is moving towards a resistance line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If EURUSD continues in its current trajectory, we could see it […]
BTCUSD is about to retest a key horizontal resistance level near 111880.6797. It has tested this level 3 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.
GBPJPY has broken through 199.1180 which it has tested numerous times in the past. We have seen it retrace from this price in the past. If this new trend persists, GBPJPY may be heading towards 200.0020 within the next 2 days.
Rare candle sequence recorded on the FTSE100 Daily chart, ending at 9123.4500.
Emerging Channel Up pattern in its final wave was identified on the XAUUSD 1 hour chart. After a strong bearish run, we find XAUUSD heading towards the upper triangle line with a possible resistance at 3519.2064. If the support shows to hold, the Channel Up pattern suggests a rebound back towards current levels.
BRN/USD is heading towards the resistance line of a Channel Up. If this movement continues, the price of BRN/USD could test 70.5128 within the next 16 hours. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.
