ETHUSD is once again retesting a key horizontal support level at 2389.8601. It has tested this level 5 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.
Skip to content ETHUSD is once again retesting a key horizontal support level at 2389.8601. It has tested this level 5 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.
The price of NAS100 in heading back to the support area. It is possible that it will struggle to break through it and move back in the other direction. The price may eventually break through, but typically the price retreats from the level a number of times before doing so.
Emerging Channel Up pattern in its final wave was identified on the LTCUSD 30 Minutes chart. After a strong bullish run, we find LTCUSD heading towards the upper triangle line with a possible resistance at 98.8800. If the resistance shows to hold, the Channel Up pattern suggests a rebound back towards current 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 […]
BTCUSD experienced an extremely large move that lasted 9. This movement is in the 98.0 percentile and is uncommon. It is not unusual to witness a pullback after such a big movement.
A Channel Up pattern was identified on S&P500 at 6278.43, creating an expectation that it may move to the support line at 6261.2861. It may break through that line and continue the bearish trend or it may reverse from that line.
XAGUSD has broken through 36.9301 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, XAGUSD may be heading towards 37.4388 within the next 3 days.
EURUSD is moving towards a key resistance level at 1.1790. EURUSD has previously tested this level 4 times and on each occasion it has bounced back off this level. Is this finally the time it will break through?