Emerging Rising Wedge detected on USDJPY – 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 149.086 and it is expected to move to 150.0222.
BRN/USD moved through the support line of a Triangle at 81.1311953125 on the 30 Minutes chart. This line has been tested a number of times in the past and this breakout could mean an upcoming change from the current trend. It may continue in its current direction toward 79.8558.
After posting 5 consecutive bearish candles in 5 days, you may start considering where EURUSD is heading next, a continuation of the current downward trend, or a reversal in the previous direction.
NAS100 moved through the support line of a Triangle at 20999.441970689655 on the 4 hour chart. This line has been tested a number of times in the past and this breakout could mean an upcoming change from the current trend. It may continue in its current direction toward 20416.3998.
The breakout of XAGUSD through the 30.2360 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, XAGUSD could test 29.9454 within the next 10 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout.
GBPJPY has experienced an extremely big movement in last 3 days. It may continue the trend, but this would make the move unprecedented in the recent past.
BTCUSD is en route to a very important line that will be a definite deciding factor in what is to come! We may see this trajectory continue to touch and break through 93748.5078, unless it runs out of momentum and pulls back to current levels.
FTSE100 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 25 days and may test it again within the next […]
