LTCUSD 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 11 days and may test it again within the next 2 days.
The price of XAGUSD in heading in the direction of 33.3227. Despite the recent breakout through 32.6936 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.
Emerging Falling Wedge pattern in its final wave was identified on the USDJPY 15 Minutes chart. After a strong bearish run, we find USDJPY heading towards the upper triangle line with a possible resistance at 143.1548. If the support shows to hold, the Falling Wedge pattern suggests a rebound back towards current levels.
FTSE100 is trapped in a Channel Up formation, implying that a breakout is Imminent. This is a great trade-setup for both trend and swing traders. It is now approaching a resistance line that has been tested in the past. Divergence opportunists may be very optimistic about a possible breakout and this may be the start […]
BTCUSD is moving towards a line of 104668.8984 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If BTCUSD continues in its current trajectory, we […]
