XAUUSD is heading towards the resistance line of a Channel Down. If this movement continues, the price of XAUUSD could test 2875.5631 within the next 5 hours. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.
S&P500 is approaching the support line of a Channel Down. It has touched this line numerous times in the last 10 days. If it tests this line again, it should do so in the next 3 days.
NAS100 dropped sharply for 10 days – which is an excessively big movement for this instrument; exceeding the 98% of past price moves. Even if this move is a sign of a new trend in NAS100 there is a chance that we will witness a correction, no matter how brief.
XAGUSD 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 […]
NGC/USD is en route to a very important line that will be a definite deciding factor of what is to come! We may see this trajectory continue to touch and break through 3.9865, unless it runs out of momentum and pulls back to current levels.
Emerging Channel Down pattern in its final wave was identified on the ETHUSD 15 Minutes chart. After a strong bullish run, we find ETHUSD heading towards the upper triangle line with a possible resistance at 2285.0740. If the resistance shows to hold, the Channel Down pattern suggests a rebound back towards current levels.
