LTCUSD is heading towards 129.1800 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, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
XAGUSD is moving towards a resistance line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If XAGUSD continues in its current trajectory, we could see it […]
Emerging Channel Down detected on NAS100 – the pattern is an emerging one and has not yet broken through resistance, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 21035.8496 and it is expected to move to 20374.2360.
An emerging Rising Wedge has been detected on USDJPY on the 15 Minutes chart. There is a possible move towards 149.9364 next few candles. Once reaching support it may continue its bullish run or reverse back to current price levels.
The movement of ETHUSD towards 2514.8000 price line is yet another test of the line it reached numerous times in the past. We could expect this test to happen in the next 7 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.
Emerging Channel Up pattern in its final wave was identified on the NGC/USD 1 hour chart. After a strong bearish run, we find NGC/USD heading towards the upper triangle line with a possible resistance at 4.1904. If the support shows to hold, the Channel Up pattern suggests a rebound back towards current levels.
