Those of you that are trend followers are probably eagerly watching BRN/USD to see if its latest 3.4% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 2 days move.
GBPJPY is heading towards the support line of a Channel Down 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 […]
FTSE100 has broken through a support line. It has touched this line numerous times in the last 23 days. This breakout shows a potential move to 8522.5400 within the next 2 days. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.
NGC/USD is trapped in a Rising Wedge formation, implying that a breakout is Imminent. This is a great trade-setup for both trend and swing traders. It is now approaching a support line that has been tested in the past. Divergence opportunists may be very optimistic about a possible breakout and this may be the start […]
