Skip to content The price of S&P500 in heading in the direction of 6117.2632. Despite the recent breakout through 6135.3701 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.
NGC/USD 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 start […]
A strong resistance level has been identified at 2778.1201 on the 30 Minutes ETHUSD chart. ETHUSD is likely to test it soon.
GBPJPY is moving towards a key resistance level at 192.1150. This is a previously tested level for GBPJPY. This could be a good trading opportunity, either at the spot price, or after breaching this level.
Emerging Channel Up pattern in its final wave was identified on the EURUSD 4 hour chart. After a strong bullish run, we find EURUSD heading towards the upper triangle line with a possible resistance at 1.0646. If the resistance shows to hold, the Channel Up pattern suggests a rebound back towards current levels.
FTSE100 is heading towards 8510.9004 and could reach this point within the next 3 days. It has tested this line numerous times in the past, and this time could be no different, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
XAUUSD is heading towards the support line of a Triangle and could reach this point within the next 5 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 could […]
BTCUSD 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 15 days and may test it again within the next […]
