Emerging Rising Wedge pattern in its final wave was identified on the BTCUSD 1 hour chart. After a strong bearish run, we find BTCUSD heading towards the upper triangle line with a possible resistance at 95286.7973. If the support shows to hold, the Rising Wedge pattern suggests a rebound back towards current levels.
You would be well advised to confirm the breakout that has just occurred – do you believe the move through support to be significant? Do you have confirming indicators that the price momentum will continue? If so, look for a target of 8160.4777 but consider reducing the size of your position as the price gets […]
XAUUSD is heading towards the resistance line of a Channel Up 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 […]
XAGUSD is heading towards a line of 29.9010. If this movement continues, the price of XAGUSD could test 29.9010 within the next 2 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding.
BRN/USD has broken through the support line which it has tested twice in the past. We have seen it retrace from this line before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target level of around 75.8243 may materialize within the next 17 hours.
EURUSD has experienced an exceptionally large amount of consecutive bearish candles to reach a price of 1.0305 in the last 8 days.
LTCUSD has broken through a line of 111.6800. If this breakout holds true, we could see the price of LTCUSD heading towards 120.4630 within the next 2 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so you should probably confirm the breakout before placing any […]
Emerging Channel Down pattern in its final wave was identified on the NGC/USD 30 Minutes chart. After a strong bullish run, we find NGC/USD heading towards the upper triangle line with a possible resistance at 3.5756. If the resistance shows to hold, the Channel Down pattern suggests a rebound back towards current levels.
