Skip to content USDJPY was identified at around 153.357 having recently rebounded of the resistance on the 30 Minutes data interval. Ultimately, the price action of the stock has formed a Falling Wedge pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 152.9883 level.
ETHUSD is heading towards 2074.2700 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, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
Emerging Channel Down detected on BRN/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 70.1825 and it is expected to move to 71.2242.
Those of you that are trend followers are probably eagerly watching FTSE100 to see if its latest 2.03% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 2 days move.
The last 3 1 hour candles on USDJPY formed a Triangle pattern and broken out through the pattern lines, indicating a possible bearish movement towards the price level of 147.5667.
A Ascending Triangle pattern was identified on BTCUSD at 90465.84, creating an expectation that it may move to the resistance line at 94254.8397. It may break through that line and continue the bullish trend or it may reverse from that line.
The last 3 30 Minutes candles on NGC/USD formed a Triangle pattern and broken out through the pattern lines, indicating a possible bearish movement towards the price level of 4.3422.
EURUSD has moved higher by 1.81% from 1.06183 to 1.08103 in the last 2 days.
