The last 28 4 hour candles on USDJPY formed a Channel Down pattern and broken out through the pattern lines, indicating a possible bullish movement towards the price level of 148.7429.
An emerging Rising Wedge has been detected on LTCUSD on the 30 Minutes chart. There is a possible move towards 117.4764 next few candles. Once reaching resistance it may continue its bearish run or reverse back to current price levels.
GBPJPY 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 GBPJPY continues in its current trajectory, we could see it […]
FTSE100 is moving towards a support line. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 36 days and may test it again within the next 3 days.
You would be well advised to confirm the breakout that has just occurred – do you believe the move through support to be significant? Do you have confirming indicators that the price momentum will continue? If so, look for a target of 67.1449 but consider reducing the size of your position as the price gets […]
An emerging Falling Wedge has been detected on USDJPY on the 1 hour chart. There is a possible move towards 145.9106 next few candles. Once reaching resistance it may continue its bearish run or reverse back to current price levels.
S&P500 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 6579.5298, unless it runs out of momentum and pulls back to current levels.
