A strong resistance level has been breached at 33.2103 on the 1 hour XAGUSD chart. Technical Analysis theory forecasts a movement to 33.7003 in the next day.
Skip to content A strong resistance level has been breached at 33.2103 on the 1 hour XAGUSD chart. Technical Analysis theory forecasts a movement to 33.7003 in the next day.
XAUUSD is moving toward a resistance line it has tested many times. It has retraced from this line before, so it’s unclear whether it will break through or rebound again. If XAUUSD continues on its current trajectory, it could reach 4307.5415 within the next 22 hours.
It would be prudent to confirm the breakout that just occurred. Do you consider the move through support significant? Do you have indicators confirming that the price momentum will continue? If so, aim for a target of 9498.3282, but consider reducing your position size as the price approaches that target.
LTCUSD is heading toward the support line in a Falling Wedge pattern. If this move continues, the price of LTCUSD could test 92.3531 within the next 11 hours. It has tested this line many times before, so the move could be short-lived and may rebound as it has before.
GBPJPY is approaching the line at 202.3180. If this move continues, the price of GBPJPY could test 202.3180 within the next 3 days. But do not rush to trade. It has tested this line many times in the past, so the move could be short-lived and end in a rebound.
NAS100 was identified around 24922.8906 after recently rebounding off the resistance on the 15 Minutes interval. Ultimately, the stock’s price action has formed a Falling Wedge pattern. This squeeze may increase the chances of a strong breakout. The projected move could take the price to around 24589.0328.
XAGUSD is moving toward a support line. Since it has retraced from this line before, we may see either a breakout through it or a rebound to current levels. It has touched this line multiple times in the past 2 days and may test it again within the next 9 hours.
An emerging Falling Wedge has been detected on ETHUSD. The pattern has not yet broken through resistance, but the price is expected to move up over the next few hours. At the time the pattern was found, the price was 3109.51, and it is expected to move to 3008.7974.