Those of you that are trend followers are probably eagerly watching BRN/USD to see if its latest 3.61% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 2 days move.
Those of you that are trend followers are probably eagerly watching BRN/USD to see if its latest 3.61% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 2 days move.
Channel Up pattern identified on GBPJPY has broken through a support level with the price momentum continuing to move in an downward direction. A solid trading opportunity continues with the price expected to reach 192.8432 in the next 2.
EURUSD has broken through a line of 1.0778 and suggests a possible movement to 1.0749 within the next 12 hours. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back […]
XAGUSD was identified at around 34.49455 having recently rebounded of the support on the 4 hour data interval. Ultimately, the price action of the stock has formed a Channel Up pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 35.0217 level.
Falling Wedge pattern identified on NAS100 has broken through a resistance level with the price momentum continuing to move in an upward direction. A solid trading opportunity continues with the price expected to reach 19938.9961 in the next 14.
ETHUSD has broken through 1977.9700 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, ETHUSD may be heading towards 1899.5320 within the next 2 days.
A Rising Wedge pattern was identified on USDJPY at 151.0935, creating an expectation that it may move to the resistance line at 151.8567. It may break through that line and continue the bullish trend or it may reverse from that line.
NGC/USD has broken through a resistance line of a Falling Wedge chart pattern. If this breakout holds true, we may see the price of NGC/USD testing 3.9929 within the next 2 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 […]