This trade setup on GBPJPY is formed by a period of consolidation; a period in which the price primarily moves sideways before choosing a new direction for the longer term. Because of the bullish breakout through resistance, it seems to suggest that we could see the next price move to 192.5952.
EURUSD has broken through a line of 1.0408. If this breakout holds true, we could see the price of EURUSD heading towards 1.0356 within the next 23 hours. 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 […]
Triangle pattern identified on XAGUSD 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 30.6393 in the next 12.
BTCUSD is about to retest a key horizontal resistance level near 105584.6563. It has tested this level 5 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.
XAUUSD is heading towards the resistance line of a Channel Up and could reach this point within the next 3 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 […]
A strong resistance level has been identified at 6122.9702 on the 30 Minutes S&P500 chart. S&P500 is likely to test it soon.
Emerging Channel Down detected on LTCUSD – the pattern is an emerging one and has not yet broken through support, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 115.64 and it is expected to move to 122.6229.
A Rising Wedge pattern was identified on GBPJPY at 193.85, creating an expectation that it may move to the resistance line at 195.6066. It may break through that line and continue the bullish trend or it may reverse from that line.
