Skip to content Emerging Channel Down pattern in its final wave was identified on the NGC/USD 30 Minutes chart. After a strong bullish run, we find NGC/USD heading towards the upper triangle line with a possible resistance at 3.5756. If the resistance shows to hold, the Channel Down pattern suggests a rebound back towards current levels.
The breakout of USDJPY through the 157.9480 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 158.7472 within the next 3 days. One should always be cautious before placing a trade, wait for confirmation of the breakout.
ETHUSD is heading towards the resistance line of a Channel Up. If this movement continues, the price of ETHUSD could test 3892.1375 within the next 2 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.
A strong support level has been identified at 21399.8145 on the 30 Minutes NAS100 chart. NAS100 is likely to test it soon.
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 8160.4777 but consider reducing the size of your position as the price gets […]
XAUUSD is heading towards the resistance line of a Channel Up and could reach this point within the next 2 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 is heading towards a line of 29.9010. If this movement continues, the price of XAGUSD could test 29.9010 within the next 2 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.
BRN/USD has broken through the support line which it has tested twice in the past. We have seen it retrace from this line before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target level of around 75.8243 may materialize within the next 17 hours.
