Skip to content 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 107987.2437 but consider reducing the size of your position as the price gets […]
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 144.1523 may materialize within the next 18 hours.
An emerging Falling Wedge has been detected on GBPJPY on the 1 hour chart. There is a possible move towards 193.0367 next few candles. Once reaching resistance it may continue its bearish run or reverse back to current price levels.
A Inverse Head and Shoulders pattern was identified on XAUUSD at 3295.1355, creating an expectation that it may move to the resistance line at 3339.4574. It may break through that line and continue the bullish trend or it may reverse from that line.
LTCUSD moved through the resistance line of a Triangle at 86.59516129032258 on the 15 Minutes 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 91.7851.
BRN/USD is heading towards a line of 65.0960. If this movement continues, the price of BRN/USD could test 65.0960 within the next 2 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding.
As 2022 winds down, Founder and CEO of Autochartist, Ilan Azbel takes a look back at the year and talks
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