EURUSD is heading towards the resistance line of a Rising Wedge. If this movement continues, the price of EURUSD could test 1.1791 within the next 19 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.
EURUSD has broken through a resistance line of a Ascending Triangle and suggests a possible movement to 1.1702 within the next 18 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement […]
FTSE100 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 resistance line that has been tested in the past. Divergence opportunists may be very optimistic about a possible breakout and this may be the start […]
NGC/USD 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 resistance line that has been tested in the past. Divergence opportunists may be very optimistic about a possible breakout and this may be the start […]
A strong resistance level has been breached at 6479.7700 on the 4 hour S&P500 chart. Technical Analysis theory forecasts a movement to 6529.8848 in the next 2 days.
Emerging Descending Triangle pattern in its final wave was identified on the LTCUSD 4 hour chart. After a strong bearish run, we find LTCUSD heading towards the upper triangle line with a possible resistance at 106.3685. If the support shows to hold, the Descending Triangle pattern suggests a rebound back towards current levels.
The movement of XAUUSD towards the support line of a Triangle is yet another test of the line it reached numerous times in the past. This line test could happen in the next 10 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current […]
An emerging Rising Wedge has been detected on GBPJPY on the 15 Minutes chart. There is a possible move towards 199.1409 next few candles. Once reaching resistance it may continue its bearish run or reverse back to current price levels.
