FTSE100 has broken through the support line, which it has tested twice before. We have seen it retrace from this line before, so wait for confirmation of the breakout before trading. If this new trend persists, a target level around 10082.0714 may materialize within the next 3 days.
NAS100 is heading toward 25386.9648 and could reach this level within the next 3 days. It has tested this level numerous times in the past, and this time could be no different, ending in a rebound rather than a breakout. If a breakout does not occur, we may see a retracement back to current levels.
NGC/USD is moving toward a support line. Since it has retraced from this line before, we may see either a breakout through this line or a rebound to current levels. It has touched this line numerous times in the last 16 days and may test it again within the next 2 days.
XAGUSD is moving toward a resistance line. Since it has retraced from this line before, we may see either a breakout through this line or a rebound to current levels. It has touched this line numerous times in the last 13 days and may test it again within the next 3 days.
GBPJPY is moving toward a support line. Since it has retraced from this line before, we may see either a breakout through this line or a rebound to current levels. It has touched this line numerous times in the last 3 days and may test it again within the next 13 hours.
S&P500 has broken through the support line of a Channel Up technical chart pattern. Because it has retraced from this line in the past, you should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 13 days, suggesting a possible target level around 6876.2009 within […]
An emerging Rising Wedge pattern in its final wave has been identified on the XAUUSD 1 hour chart. After a strong bullish run, XAUUSD is heading toward the upper triangle trendline, with possible resistance at 4651.5630. If the resistance holds, the Rising Wedge pattern suggests a rebound toward current levels.
An emerging Rising Wedge pattern in its final wave has been identified on the ETHUSD 1 hour chart. After a strong bullish run, ETHUSD is heading toward the upper triangle trendline, with possible resistance at 3530.3131. If the resistance holds, the Rising Wedge pattern suggests a rebound toward current levels.
