NGC/USD has broken through the support line of a Rising Wedge technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 3 days and suggests a possible target level […]
NAS100 is heading towards 21162.8242 and could reach this point within the next 3 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.
An emerging Triangle has been detected on USDJPY on the 4 hour chart. There is a possible move towards 153.8857 next few candles. Once reaching resistance it may continue its bearish run or reverse back to current price levels.
The breakout of ETHUSD through the 3067.3601 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, ETHUSD could test 2998.1741 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation of the breakout.
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