This trade setup on NAS100 is formed by a period of consolidation; a period in which the price primarily moves sideways before choosing a new direction for the longer term. Because of the bearish breakout through support, it seems to suggest that we could see the next price move to 21267.5038.
A strong resistance level has been identified at 192.6290 on the 1 hour GBPJPY chart. GBPJPY is likely to test it soon.
BTCUSD is approaching a resistance line at 100578.7969. If it hits the resistance line, it may break through this level to continue the bullish trend, or it may turn around back to current levels.
NGC/USD is moving towards a line of 3.1075 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If NGC/USD continues in its current trajectory, we […]
NAS100 is trapped in a Rising Wedge 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 […]
XAUUSD is moving towards a key support level at 2619.6101. XAUUSD has previously tested this level 4 times and on each occasion it has bounced back off this level. Is this finally the time it will break through?
BRN/USD has broken through a support line. It has touched this line at least twice in the last 4 days. This breakout may indicate a potential move to 71.4973 within the next 18 hours. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before […]
ETHUSD is heading towards the support line of a Channel Up. If this movement continues, the price of ETHUSD could test 3670.8491 within the next 3 days. 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.
