LTCUSD is heading towards 89.3600 and could reach this point within the next 2 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.
NAS100 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 15 days and may test it again within the next 2 days.
USDJPY has broken through the resistance line which it has tested twice in the past. We have seen it retrace from this line before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target level of around 145.5218 may materialize within the next 2 days.
NGC/USD has broken through a resistance line. It has touched this line numerous times in the last 2 days. This breakout shows a potential move to 3.5381 within the next 8 hours. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.
LTCUSD is trapped in a Falling 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 […]
The last 9 4 hour candles on GBPJPY formed a Triangle pattern and broken out through the pattern lines, indicating a possible bullish movement towards the price level of 196.4590.
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