Skip to content NAS100 has broken through the resistance line of a Channel Down technical chart pattern. Because it has retraced from this line in the past, you should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 17 days, which suggests a possible target around 24228.8492 within […]
An emerging Channel Down pattern in its final wave has been identified on the USDJPY 1 hour chart. After a strong bullish run, USDJPY is heading toward the upper triangle trendline, with possible resistance at 159.1271. If the resistance holds, the Channel Down pattern suggests a rebound toward current levels.
A breakout of GBPJPY through the resistance line of a Triangle could signal what’s ahead. If the breakout persists, we may see GBPJPY’s price test 211.5479 within the next 5 hours.
XAUUSD is about to retest a key horizontal support level near 4482.8999. It has tested this level 3 times recently and may simply bounce off it, as it did last time. However, after so many attempts, it may be ready to start a new trend.
The last 20 4 hour candles on FTSE100 have formed a Triangle pattern and broken out through the pattern lines, indicating a possible bullish movement toward the price level at 10243.9850.
An emerging Ascending Triangle pattern in its final wave has been identified on the XAGUSD 1 hour chart. After a strong bullish run, XAGUSD is heading toward the upper triangle trendline, with possible resistance at 74.5846. If the resistance holds, the Ascending Triangle pattern suggests a rebound toward current levels.
USDJPY is moving toward a resistance line. Since it has retraced from this line before, we may see either a breakout through it or a rebound to current levels. It has touched this line multiple times in the past 12 days and may test it again within the next 2 days.
