The last 12 1 hour candles on BTCUSD formed a Triangle pattern and broken out through the pattern lines, indicating a possible bearish movement towards the price level of 87226.9147.
The last 12 1 hour candles on BTCUSD formed a Triangle pattern and broken out through the pattern lines, indicating a possible bearish movement towards the price level of 87226.9147.
XAUUSD is moving towards a resistance line. Because we have seen it retrace from this line before, 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 8 days and may test it again within the next 2 days.
A strong resistance level has been identified at 21478.1777 on the 15 Minutes NAS100 chart. NAS100 is likely to test it soon.
GBPJPY has broken through a resistance line of a Triangle and suggests a possible movement to 197.9052 within the next 13 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement back […]
A strong resistance level has been identified at 74.4865 on the 1 hour BRN/USD chart. BRN/USD is likely to test it soon.
The price of EURUSD in heading back to the resistance area. It is possible that it will struggle to break through it and move back in the other direction. The price may eventually break through, but typically the price retreats from the level a number of times before doing so.
LTCUSD has broken through the support line of a Triangle 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 4 days and suggests a possible target level to […]
You would be well advised to confirm the breakout that has just occurred – do you believe the move through resistance to be significant? Do you have confirming indicators that the price momentum will continue? If so, look for a target of 2661.1157 but consider reducing the size of your position as the price gets […]