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The price of FTSE100 in heading back to the resistance area. It is possible that it will struggle to break through it and move back in the other direction. The price may eventually break through, but typically the price retreats from the level a number of times before doing so.
An emerging Descending Triangle has been detected on BTCUSD on the 1 hour chart. There is a possible move towards 83144.4908 next few candles. Once reaching resistance it may continue its bearish run or reverse back to current price levels.
A Channel Down pattern was identified on NAS100 at 18315.1874, creating an expectation that it may move to the resistance line at 18440.9570. It may break through that line and continue the bullish trend or it may reverse from that line.
USDJPY has broken through a support line of a Triangle chart pattern. If this breakout holds true, we may see the price of USDJPY testing 140.6664 within the next 15 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 […]
ETHUSD was identified at around 1581.45 having recently rebounded of the support on the 15 Minutes data interval. Ultimately, the price action of the stock has formed a Channel Down pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 1619.4099 level.
