A Rising Wedge pattern was identified on FTSE100 at 8275.68, creating an expectation that it may move to the resistance line at 8339.2412. It may break through that line and continue the bullish trend or it may reverse from that line.
A Rising Wedge pattern was identified on FTSE100 at 8275.68, creating an expectation that it may move to the resistance line at 8339.2412. It may break through that line and continue the bullish trend or it may reverse from that line.
GBPJPY is about to retest a key horizontal resistance level near 215.7870. It has tested this level 4 times recently and may simply bounce off it, as it did last time. However, after so many attempts, it may be ready to start a new trend.
An emerging Channel Up pattern in its final wave has been identified on the S&P500 4 hour chart. After a strong bullish run, S&P500 is heading toward the upper triangle trendline, with possible resistance at 7222.1475. If the resistance holds, the Channel Up pattern suggests a rebound toward current levels.
LTCUSD is once again retesting a key horizontal support level at 55.3900. This level has been tested 6 times recently and could see another bounce, as it did last time. However, after so many attempts, it may be ready to start a new trend.
EURUSD is moving toward a key resistance level at 1.1759. This level has been tested before for EURUSD. This may present a good trading opportunity either at the spot price or after a breakout through this level.
The last 11 1 hour candles on FTSE100 have formed a Channel Down pattern and broken out through the pattern lines, indicating a possible bullish movement toward the price level at 10374.8401.
A strong support level has been identified at 26811.7188 on the 1 hour NAS100 chart. NAS100 is likely to test this level soon.
A Channel Up pattern was identified for USDJPY at 160.426, suggesting it may move toward the resistance line at 160.8360. It may break through that line and continue the bullish trend, or reverse from it.