Emerging Channel Down detected on NGC/USD – the pattern is an emerging one and has not yet broken through support, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 2.733 and it is expected to move to 2.7403.
The price of S&P500 in heading back to the resistance area. It is possible that it will struggle to break through it and move back in the other direction. The price may eventually break through, but typically the price retreats from the level a number of times before doing so.
The movement of NGC/USD towards 2.7325 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 9 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.
A strong resistance level has been identified at 115925.5391 on the 30 Minutes BTCUSD chart. BTCUSD is likely to test it soon.
An emerging Channel Down has been detected on USDJPY on the 4 hour chart. There is a possible move towards 145.5789 next few candles. Once reaching resistance it may continue its bearish run or reverse back to current price levels.
EURUSD is en route to a very important line that will be a definite deciding factor of what is to come! We may see this trajectory continue to touch and break through 1.1693, unless it runs out of momentum and pulls back to current levels.
This trade setup on LTCUSD is formed by a period of consolidation; a period in which the price primarily moves sideways before choosing a new direction for the longer term. Because of the bullish breakout through resistance, it seems to suggest that we could see the next price move to 117.7329.
BRN/USD is approaching the resistance line of a Triangle. It has touched this line numerous times in the last 11 days. If it tests this line again, it should do so in the next 2 days.
