LTCUSD is moving toward a support line. Because it has retraced from this level in the past, we may see either a breakout through this line or a rebound to current levels. It has touched this line multiple times over the last 9 days and may test it again within the next 2 days.
USDJPY is moving towards a key support level at 153.8345. This is a previously tested level for USDJPY. This could be a good trading opportunity, either at the spot price, or after breaching this level.
BRN/USD 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 BRN/USD continues in its current trajectory, we could see it […]
Emerging Rising Wedge detected on GBPJPY – 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 203.079 and it is expected to move to 204.0703.
The movement of FTSE100 towards the resistance line of a Rising Wedge is yet another test of the line it reached numerous times in the past. This line test could happen in the next 15 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to […]
S&P500 is moving towards a key resistance level at 6890.1602. This is a previously tested level for S&P500. This could be a good trading opportunity, either at the spot price, or after breaching this level.
LTCUSD is heading towards the resistance line of a Channel Up and could reach this point within the next 7 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 […]
USDJPY is trapped in a Channel Down formation, implying that a breakout is Imminent. This is a great trade-setup for both trend and swing traders. It is now approaching a support line that has been tested in the past. Divergence opportunists may be very optimistic about a possible breakout and this may be the start […]
