Skip to content NAS100 was identified at around 23663.6644 having recently rebounded of the resistance on the 1 hour data interval. Ultimately, the price action of the stock has formed a Channel Down pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 23509.8739 level.
S&P500 has broken through 6441.5498 which it has tested numerous times in the past. We have seen it retrace from this price in the past. If this new trend persists, S&P500 may be heading towards 6423.4619 within the next 20 hours.
USDJPY is heading towards the resistance line of a Rising Wedge and could reach this point within the next 19 hours. 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 about to retest a key horizontal resistance level near 38.2006. It has tested this level 4 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.
EURUSD is heading towards the support line of a Descending Triangle. If this movement continues, the price of EURUSD could test 1.1616 within the next 15 hours. 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.
Emerging Channel Down detected on XAUUSD – the pattern is an emerging one and has not yet broken through resistance, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 3330.635 and it is expected to move to 3289.0847.
BTCUSD 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 BTCUSD continues in its current trajectory, we could see it […]
BRN/USD is approaching the resistance line of a Triangle. It has touched this line numerous times in the last 10 days. If it tests this line again, it should do so in the next 2 days.
