Skip to content This trade setup on LTCUSD is formed by a period of consolidation; a period in which the price primarily moves sideways before choosing a new direction for the longer term. Because of the bullish breakout through resistance, it seems to suggest that we could see the next price move to 117.7329.
S&P500 has broken through 6441.5498 which it has tested numerous times in the past. We have seen it retrace from this price in the past. If this new trend persists, S&P500 may be heading towards 6423.4619 within the next 20 hours.
USDJPY is heading towards the resistance line of a Rising Wedge and could reach this point within the next 19 hours. 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 […]
XAGUSD is about to retest a key horizontal resistance level near 38.2006. It has tested this level 4 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.
EURUSD is heading towards the support line of a Descending Triangle. If this movement continues, the price of EURUSD could test 1.1616 within the next 15 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.
Emerging Channel Down detected on XAUUSD – 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 3330.635 and it is expected to move to 3289.0847.
