NAS100 is heading towards the support line of a Channel Up 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 see a retracement back down to current levels.
BRN/USD is approaching the resistance line of a Rising Wedge. It has touched this line numerous times in the last 8 days. If it tests this line again, it should do so in the next 20 hours.
Emerging Falling Wedge pattern in its final wave was identified on the NGC/USD 4 hour chart. After a strong bearish run, we find NGC/USD heading towards the upper triangle line with a possible resistance at 3.8037. If the support shows to hold, the Falling Wedge pattern suggests a rebound back towards current levels.
EURUSD has breached the resistance line at 1.0897. It may continue the bullish trend towards 1.0934, or, it may prove to be yet another test of this level.
A strong resistance level has been identified at 8771.7402 on the 4 hour FTSE100 chart. FTSE100 is likely to test it soon.
XAUUSD is moving towards a key support level at 2976.3701. 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?
BTCUSD has broken through the support line of a Rising Wedge technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 9 days and suggests a possible target level […]
BRN/USD is moving towards a resistance line. Because we have seen it retrace from this level in the past, 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 11 days and may test it again within the next […]
