The last 6 1 hour candles on GBPJPY formed a Rising Wedge pattern and broken out through the pattern lines, indicating a possible bearish movement towards the price level of 194.9349.
Skip to content The last 6 1 hour candles on GBPJPY formed a Rising Wedge pattern and broken out through the pattern lines, indicating a possible bearish movement towards the price level of 194.9349.
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 1.1343, unless it runs out of momentum and pulls back to current levels.
FTSE100 has experienced an extremely big movement in last 57 days. It may continue the trend, but this would make the move unprecedented in the recent past.
A Channel Up pattern was identified on XAUUSD at 3359.795, creating an expectation that it may move to the support line at 3314.0931. It may break through that line and continue the bearish trend or it may reverse from that line.
You would be well advised to confirm the breakout that has just occurred – do you believe the move through resistance to be significant? Do you have confirming indicators that the price momentum will continue? If so, look for a target of 107987.2437 but consider reducing the size of your position as the price gets […]
USDJPY has broken through the resistance 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 144.1523 may materialize within the next 18 hours.
An emerging Falling Wedge has been detected on GBPJPY on the 1 hour chart. There is a possible move towards 193.0367 next few candles. Once reaching resistance it may continue its bearish run or reverse back to current price levels.
The last 8 30 Minutes candles on FTSE100 formed a Triangle pattern and broken out through the pattern lines, indicating a possible bullish movement towards the price level of 8843.7590.