The movement of XAUUSD towards 3034.4446 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 11 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.
FTSE100 is trapped in a Channel Up formation, implying that a breakout is Imminent. This is a great trade-setup for both trend and swing traders. It is now approaching a resistance line that has been tested in the past. Divergence opportunists may be very optimistic about a possible breakout and this may be the start […]
BTCUSD is moving towards a line of 104668.8984 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If BTCUSD continues in its current trajectory, we […]
An emerging Flag has been detected on BRN/USD on the 4 hour chart. There is a possible move towards 66.8399 next few candles. Once reaching support it may continue its bullish run or reverse back to current price levels.
XAUUSD is approaching a resistance line at 3254.8650. If it hits the resistance line, it may break through this level to continue the bullish trend, or it may turn around back to current levels.
GBPJPY is moving towards a support line. Because we have seen it retrace from this level in the past, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 19 days and may test it again within the next […]
XAGUSD is once again retesting a key horizontal support level at 32.2052. It has tested this level 6 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.
LTCUSD 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 LTCUSD continues in its current trajectory, we could see it […]
