Skip to content S&P500 is moving towards a resistance line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If S&P500 continues in its current trajectory, we could see it […]
The movement of USDJPY towards the support line of a Falling Wedge is yet another test of the line it reached numerous times in the past. This line test could happen in the next 4 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to […]
XAUUSD is heading towards the support line of a Descending Triangle 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 […]
BTCUSD has broken through 117866.3516 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, BTCUSD may be heading towards 114296.9844 within the next 3 days.
NGC/USD is heading towards the support line of a Channel Up and could reach this point within the next 15 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 […]
Emerging Falling Wedge pattern in its final wave was identified on the USDJPY 4 hour chart. After a strong bearish run, we find USDJPY heading towards the upper triangle line with a possible resistance at 145.9816. If the support shows to hold, the Falling Wedge pattern suggests a rebound back towards current levels.
