A breakout of GBPJPY through the support line of a Triangle could signal what’s ahead. If the breakout persists, we may see GBPJPY’s price test 214.8707 within the next 2 days.
Skip to content A breakout of GBPJPY through the support line of a Triangle could signal what’s ahead. If the breakout persists, we may see GBPJPY’s price test 214.8707 within the next 2 days.
The price of XAGUSD is heading toward 80.4000. Despite the recent breakout through 79.3545, it may struggle to gain momentum to reach the forecast price and could move back in the other direction. This has happened many times in the past, so watch for a possible bounce back.
LTCUSD is trapped in a Rising Wedge formation, implying that a breakout is imminent. This is a strong trade setup for both trend and swing traders. It is now approaching a support line that has been tested before. Divergence watchers may be optimistic about a potential breakout, which could mark the start of a new […]
A breakout of GBPJPY through the support line of a Triangle could signal what’s ahead. If the breakout persists, we may see GBPJPY’s price test 214.8707 within the next 2 days.
XAUUSD is about to retest a key horizontal resistance level near 4824.0449. It has tested this level 3 times recently and may simply bounce off it, as it did last time. However, after so many attempts, it may be ready to start a new trend.
FTSE100 has broken through the resistance line of a Triangle pattern and suggests a possible move to 10698.4417 within the next 13 hours. It has tested this line before, so it is prudent to wait for confirmation of the breakout before taking action. If the breakout is not confirmed, we could see a retracement back […]
An emerging Channel Up pattern has been detected for NAS100 on the 1 hour chart. There may be a move toward 26867.8875 in the next few candles. Once it reaches the resistance, it may continue its bullish run or revert to current price levels.
USDJPY was identified around 159.1315 after recently rebounding off the support on the 4 hour interval. Ultimately, the stock’s price action has formed a Triangle pattern. This squeeze may increase the chances of a strong breakout. The projected move could take the price to around 159.6782.