NAS100 is heading towards the support line of a Falling Wedge. If this movement continues, the price of NAS100 could test 20681.9942 within the next 10 hours. 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.
An emerging Triangle pattern has been detected for XAUUSD on the 30 Minutes chart. There may be a move toward 4374.3709 in the next few candles. Once it reaches the support, it may continue its bearish run or revert to current price levels.
An emerging Rising Wedge has been detected on USDJPY. The pattern has not yet broken through support, but the price is expected to move up over the next few hours. At the time the pattern was found, the price was 159.7705, and it is expected to move to 160.1755.
LTCUSD was identified around 53.77 after recently rebounding off the resistance on the 15 Minutes interval. Ultimately, the stock’s price action has formed a Channel Down pattern. This squeeze may increase the chances of a strong breakout. The projected move could take the price to around 52.2720.
GBPJPY is moving toward a resistance line. Since it has retraced from this line before, we may see either a breakout through it or a rebound to current levels. It has touched this line multiple times in the past 5 days and may test it again within the next 2 days.
NGC/USD is heading toward the resistance line of a Channel Down pattern and could reach it within the next 3 days. It has tested this line numerous times before, and this time may be no different, ending in a rebound instead of a breakout. If a breakout doesn’t occur, we could see a retracement back […]
NAS100 posted 5 consecutive candles over the last 20 hours — an unusually large movement.
A breakout of EURUSD through the support line of a Channel Up could signal what’s ahead. If the breakout persists, we may see EURUSD’s price test 1.1458 within the next 2 days.
