S&P500 moved through the support line of a Rising Wedge at 6002.303124999999 on the 4 hour chart. This line has been tested a number of times in the past and this breakout could mean an upcoming change from the current trend. It may continue in its current direction toward 5969.3006.
GBPJPY is heading toward the resistance line of a Rising Wedge pattern and could reach it within the next 2 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 […]
LTCUSD has broken through a support line. Since it has previously retraced from this price, wait for confirmation of the breakout before trading. It has touched this line several times over the past 5 days. This suggests a possible target around 78.7240 within the next 2 days.
BTCUSD has broken through a support line. Since it has previously retraced from this price, wait for confirmation of the breakout before trading. It has touched this line several times over the past 2 days. This suggests a possible target around 91051.9922 within the next 7 hours.
A strong resistance level has been breached at 9720.0000 on the 15 Minutes FTSE100 chart. Technical analysis forecasts a move to 9744.9805 within the next 6 hours.
A Rising Wedge pattern was identified for NGC/USD at 5.0025, suggesting it may move toward the resistance line at 5.0378. It may break through that line and continue the bullish trend, or reverse from it.
The movement of NAS100 toward the resistance line of a Rising Wedge is yet another test of the line it has reached numerous times in the past. This test of the line could occur within the next 6 hours, but it is uncertain whether it will result in a breakout through this line or simply […]
ETHUSD has broken through a level at 3075.0200, suggesting a possible move to 3253.4170 within the next 3 days. It has tested this level numerous times in the past, so you should wait for confirmation of this breakout before taking any action. If the breakout does not confirm, we could see a retracement back to […]
