The breakout of BRN/USD through the 62.5920 price line is a breach of an important psychological price level that it has tested numerous times in the past. If this breakout persists, BRN/USD could test 61.7509 within the next 21 hours. One should always be cautious before placing a trade and wait for confirmation of the breakout.
The movement of XAUUSD toward the support line of a Channel Up is yet another test of the line it has reached numerous times in the past. This test of the line could occur within the next 8 hours, but it is uncertain whether it will result in a breakout through this line or simply […]
ETHUSD showed a long streak of consecutive bullish candles on the Daily chart.
A strong support level has been identified at 10077.9502 on the 1 hour FTSE100 chart. FTSE100 is likely to test this level soon.
An emerging Triangle pattern in its final wave has been identified on the S&P500 1 hour chart. After a strong bullish run, S&P500 is heading toward the upper triangle trendline, with possible resistance at 6780.8449. If the resistance holds, the Triangle pattern suggests a rebound toward current levels.
USDJPY is trapped in a Rising Wedge formation, implying that a breakout is imminent. This is a strong trade setup for both trend and swing traders. It is now approaching a support line that has been tested before. Divergence watchers may be optimistic about a potential breakout, which could mark the start of a new […]
BTCUSD saw a large number of bullish candles that reached 71214.9900 over 7 days.
The price of GBPJPY is heading back toward the support area. It may struggle to break through and could reverse direction. The price may eventually break through, but it typically retreats from the level several times before doing so.
