Skip to content BRN/USD is heading towards the support line of a Channel Up and could reach this point within the next 6 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
BRN/USD is heading towards the support line of a Channel Up and could reach this point within the next 6 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we […]
A Channel Down pattern was identified on USDJPY at 149.513, creating an expectation that it may move to the support line at 148.0098. It may break through that line and continue the bearish trend or it may reverse from that line.
ETHUSD has broken through a support line. It has touched this line numerous times in the last 12 days. This breakout shows a potential move to 2443.7561 within the next 3 days. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.
EURUSD is moving towards a key support level at 1.0447. This is a previously tested level for EURUSD. This could be a good trading opportunity, either at the spot price, or after breaching this level.
Those of you that are trend followers are probably eagerly watching BRN/USD to see if its latest 3.4% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 2 days move.
GBPJPY is heading towards the support line of a Channel Down 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 from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we […]
The last 17 4 hour candles on LTCUSD formed a Rising Wedge pattern and broken out through the pattern lines, indicating a possible bearish movement towards the price level of 113.4731.
