A Rising Wedge pattern was identified for BRN/USD at 69.774, suggesting it may move toward the support line at 69.1426. It may break through that line and continue the bearish trend, or reverse from it.
This trade setup on XAGUSD formed after a period of consolidation, during which the price moved mostly sideways before choosing a longer-term direction. Following the bearish breakout through support, the price could move toward 77.5370.
NAS100 is heading toward 25052.8320 and could reach this level within the next 2 days. It has tested this level numerous times in the past, and this time could be no different, ending in a rebound rather than a breakout. If a breakout does not occur, we may see a retracement back to current levels.
USDJPY is heading toward the resistance line of a Channel Down pattern and could reach it within the next 17 hours. It has tested this line numerous times before, and this time may be no different, ending in a rebound instead of a breakout. If a breakout doesn’t occur, we could see a retracement back […]
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