Emerging Rising Wedge detected on NGC/USD – 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 2.78 and it is expected to move to 2.8871.
BRN/USD is trapped in a Channel Up 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 […]
The price of XAGUSD in heading in the direction of 30.1858. Despite the recent breakout through 29.7910 it is possible that it will struggle to gain momentum to the forecast price and move back in the other direction. This has happened many times in the past so watch for a possible bounce back.
The breakout of NAS100 through the support line of a Triangle could be a sign of the road ahead. If this breakout persists, we may see the price of NAS100 testing 21429.9757 within the next 2 days.
The last 11 1 hour candles on GBPJPY formed a Triangle pattern and broken out through the pattern lines, indicating a possible bearish movement towards the price level of 196.3530.
Emerging Rectangle detected on BTCUSD – the pattern is an emerging one and has not yet broken through resistance, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 95098.08 and it is expected to move to 92656.9988.
Emerging Pennant detected on S&P500 – 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 6044.65 and it is expected to move to 6115.4050.
Triangle pattern identified on XAUUSD has broken through a resistance level with the price momentum continuing to move in an upward direction. A solid trading opportunity continues with the price expected to reach 2644.2552 in the next 2.
