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Emerging Channel Down pattern in its final wave was identified on the FTSE100 1 hour chart. After a strong bearish run, we find FTSE100 heading towards the upper triangle line with a possible resistance at 8659.6319. If the support shows to hold, the Channel Down pattern suggests a rebound back towards current levels.
BTCUSD has broken through the resistance 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 108694.2267 may materialize within the next 8 hours.
LTCUSD is heading towards the resistance line of a Triangle and could reach this point within the next 13 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 […]
GBPJPY is heading towards the resistance line of a Rising Wedge 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 […]
USDJPY has broken through a line of 145.1300 and suggests a possible movement to 146.3557 within the next 2 days. 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 […]
XAUUSD has broken through a support line. It has touched this line numerous times in the last 22 days. This breakout shows a potential move to 3276.4685 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.
