LTCUSD has broken through a resistance line of a Channel Down and suggests a possible movement to 75.0830 within the next 6 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 2 days.
FTSE100 is heading towards the resistance line of a Rising Wedge and could reach this point within the next 8 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 […]
Emerging Rectangle pattern in its final wave was identified on the XAGUSD 15 Minutes chart. After a strong bearish run, we find XAGUSD heading towards the upper triangle line with a possible resistance at 31.7844. If the support shows to hold, the Rectangle pattern suggests a rebound back towards current levels.
USDJPY is approaching the resistance line of a Channel Down. It has touched this line numerous times in the last 20 days. If it tests this line again, it should do so in the next 3 days.
NAS100 experienced an extremely large move that lasted 3. This movement is in the 97.0 percentile and is uncommon. It is not unusual to witness a pullback after such a big movement.
ETHUSD is heading towards the resistance line of a Triangle 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 from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could […]
NGC/USD is moving towards a resistance line. Because we have seen it retrace from this line before, 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 5 days and may test it again within the next 2 days.
A movement of 4.81% over 17 days on EURUSD doesn’t go unnoticed. You may start considering where it’s heading next, a continuation of the current upward trend, or a reversal in the previous direction.
