Skip to content S&P500 is moving towards a line of 5516.8198 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If S&P500 continues in its current trajectory, we […]
The breakout of EURUSD through the 1.1370 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, EURUSD could test 1.1417 within the next 9 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout.
NGC/USD has broken through a resistance line of a Channel Down chart pattern. If this breakout holds true, we may see the price of NGC/USD testing 3.3055 within the next 5 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 […]
XAGUSD was identified at around 32.353 having recently rebounded of the support on the 1 hour data interval. Ultimately, the price action of the stock has formed a Ascending Triangle pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 32.4463 level.
Inverse Head and Shoulders pattern identified on GBPJPY has broken through a resistance level with the price momentum continuing to move in an upward direction. A solid trading opportunity continues with the price expected to reach 190.9501 in the next 2.
An emerging Rising Wedge has been detected on BTCUSD on the 1 hour chart. There is a possible move towards 89178.2666 next few candles. Once reaching support it may continue its bullish run or reverse back to current price levels.
