A Rising Wedge pattern was identified on GBPJPY at 193.85, creating an expectation that it may move to the resistance line at 195.6066. 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 GBPJPY at 193.85, creating an expectation that it may move to the resistance line at 195.6066. It may break through that line and continue the bullish trend or it may reverse from that line.
S&P500 dropped sharply for 13 days – which is an excessively big movement for this instrument; exceeding the 98% of past price moves. Even if this move is a sign of a new trend in S&P500 there is a chance that we will witness a correction, no matter how brief.
LTCUSD is approaching the support line of a Channel Up. It has touched this line numerous times in the last 7 days. If it tests this line again, it should do so in the next 2 days.
Emerging Falling Wedge pattern in its final wave was identified on the XAUUSD 15 Minutes chart. After a strong bearish run, we find XAUUSD heading towards the upper triangle line with a possible resistance at 3271.7274. If the support shows to hold, the Falling Wedge pattern suggests a rebound back towards current levels.
Emerging Channel Up pattern in its final wave was identified on the GBPJPY 30 Minutes chart. After a strong bullish run, we find GBPJPY heading towards the upper triangle line with a possible resistance at 190.7346. If the resistance shows to hold, the Channel Up pattern suggests a rebound back towards current levels.
Rising Wedge pattern identified on BTCUSD has broken through a support level with the price momentum continuing to move in an downward direction. A solid trading opportunity continues with the price expected to reach 92571.8470 in the next 5.
An unexpected large move has occurred on NAS100 1 hour chart beginning at 17603.099 and ending at 18735.9756. Is this a sign of something new? What can we expect in the future?
You would be well advised to confirm the breakout that has just occurred – do you believe the move through support to be significant? Do you have confirming indicators that the price momentum will continue? If so, look for a target of 1530.0579 but consider reducing the size of your position as the price gets […]