GBPJPY is moving towards a key support level at 198.3275. This is a previously tested level for GBPJPY. This could be a good trading opportunity, either at the spot price, or after breaching this level.
Skip to content GBPJPY is moving towards a key support level at 198.3275. This is a previously tested level for GBPJPY. This could be a good trading opportunity, either at the spot price, or after breaching this level.
XAGUSD is heading towards the resistance line of a Rising Wedge. If this movement continues, the price of XAGUSD could test 39.3688 within the next 3 days. 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.
The breakout of USDJPY through the 147.0125 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, USDJPY could test 146.1939 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation of the breakout.
S&P500 has broken through a resistance line. It has touched this line numerous times in the last 15 days. This breakout shows a potential move to 6534.5781 within the next 3 days. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.
NGC/USD has broken through a support line of a Triangle chart pattern. If this breakout holds true, we may see the price of NGC/USD testing 2.7832 within the next 5 hours. But don’t be so quick to trade, it has tested this line in the past, so you should confirm the breakout before taking any […]
BTCUSD has broken through a line of 112724.6328 and suggests a possible movement to 115736.0234 within the next 4 days. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back […]
Emerging Rising Wedge pattern in its final wave was identified on the XAUUSD 4 hour chart. After a strong bullish run, we find XAUUSD heading towards the upper triangle line with a possible resistance at 3407.1392. If the resistance shows to hold, the Rising Wedge pattern suggests a rebound back towards current levels.
FTSE100 has broken through a support line of a Head and Shoulders chart pattern. If this breakout holds true, we may see the price of FTSE100 testing 9210.9375 within the next 10 hours. But don’t be so quick to trade, it has tested this line in the past, so you should confirm the breakout before […]