Skip to content The movement of USDJPY towards 146.7645 price line is yet another test of the line it reached numerous times in the past. We could expect this test to happen in the next 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.
The movement of USDJPY towards 146.7645 price line is yet another test of the line it reached numerous times in the past. We could expect this test to happen in the next 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.
BTCUSD is heading towards the resistance line of a Ascending Triangle and could reach this point within the next 3 days. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we […]
XAGUSD was identified at around 40.9966 having recently rebounded of the support on the 1 hour data interval. Ultimately, the price action of the stock has formed a Ascending Triangle pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 41.3918 level.
S&P500 is moving towards a support line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If S&P500 continues in its current trajectory, we could see it […]
BRN/USD is heading towards a line of 68.0950. If this movement continues, the price of BRN/USD could test 68.0950 within the next 3 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding.
Emerging Falling Wedge pattern in its final wave was identified on the FTSE100 1 hour chart. After a strong bearish run, we find FTSE100 heading towards the upper triangle line with a possible resistance at 9095.3982. If the support shows to hold, the Falling Wedge pattern suggests a rebound back towards current levels.
You would be well advised to confirm the breakout that has just occurred – do you believe the move through resistance to be significant? Do you have confirming indicators that the price momentum will continue? If so, look for a target of 1.1816 but consider reducing the size of your position as the price gets […]
