Trend followers are probably eagerly watching BTCUSD to see if its latest 5 consecutive candles continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 6 day move.
BRN/USD is moving towards a support line. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 14 days and may test it again within the next 3 days.
FTSE100 is moving towards a support line. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 15 days and may test it again within the next 2 days.
EURUSD has broken through a support line of a Triangle chart pattern. If this breakout holds true, we may see the price of EURUSD testing 1.0810 within the next 8 hours. But don’t be so quick to trade, it has tested this line in the past, so you should confirm the breakout before taking any […]
XAUUSD was identified at around 2917.02 having recently rebounded of the support on the 4 hour data interval. Ultimately, the price action of the stock has formed a Triangle pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 2922.3600 level.
An emerging Rising Wedge has been detected on GBPJPY on the 4 hour chart. There is a possible move towards 193.2247 next few candles. Once reaching support it may continue its bullish run or reverse back to current price levels.
