For those of you that don’t believe in trends, this may be an opportunity to take advantage of an exceptional 1.66% move on NAS100. The movement has happened over the last 13 hours. For those trend followers among you, you may think about riding this possible trend.
This trade setup on ETHUSD 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 bearish breakout through support, it seems to suggest that we could see the next price move to 3290.8136.
An emerging Channel Down has been detected on GBPJPY on the 4 hour chart. There is a possible move towards 201.6560 next few candles. Once reaching support it may continue its bullish run or reverse back to current price levels.
The movement of NAS100 towards 26128.1992 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 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.
USDJPY is trapped in a Channel Up formation, implying that a breakout is Imminent. This is a great trade-setup for both trend and swing traders. It is now approaching a support line that has been tested in the past. Divergence opportunists may be very optimistic about a possible breakout and this may be the start […]
LTCUSD has broken through the support line which it has tested twice in the past. We have seen it retrace from this line before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target level of around 86.1038 may materialize within the next 6 hours.
BTCUSD 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 BTCUSD continues in its current trajectory, we could see it […]
XAUUSD has moved lower by 9.76% from 4360.475 to 3934.75 in the last 17 days.
