The breakout of ETHUSD through the support line of a Rising Wedge could be a sign of the road ahead. If this breakout persists, we may see the price of ETHUSD testing 4332.2671 within the next 2 days.
The breakout of ETHUSD through the support line of a Rising Wedge could be a sign of the road ahead. If this breakout persists, we may see the price of ETHUSD testing 4332.2671 within the next 2 days.
XAUUSD was identified at around 3863.84 having recently rebounded of the support on the 4 hour data interval. Ultimately, the price action of the stock has formed a Channel Up pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 3963.5669 level.
An unexpected large move occurred on LTCUSD 1 hour chart, starting at 105.57 and reaching 111.78. It stands out in recent trading activity.
USDJPY 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 148.8950, unless it runs out of momentum and pulls back to current levels.
ETHUSD reached 4443.72 after a 7.15% move spanning 2 days.
EURUSD has broken through a support line. Because we have seen it retrace from this price in the past, one should wait for confirmation of the breakout before trading. It has touched this line numerous times in the last 18 days and suggests a possible target level to be around 1.1630 within the next 4 […]
BRN/USD is heading towards the resistance line of a Channel Down and could reach this point within the next 10 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 […]
You would be well advised to confirm the breakout that has just occurred – do you believe the move through resistance to be significant? Do you have confirming indicators that the price momentum will continue? If so, look for a target of 3.2527 but consider reducing the size of your position as the price gets […]