A Channel Up pattern was identified on XAGUSD at 32.71975, creating an expectation that it may move to the support line at 32.6595. It may break through that line and continue the bearish trend or it may reverse from that line.
FTSE100 has broken through a support line of a Channel Up and suggests a possible movement to 8680.0178 within the next 21 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement […]
ETHUSD was identified at around 2630.85 having recently rebounded of the resistance on the 1 hour data interval. Ultimately, the price action of the stock has formed a Channel Up pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 2537.9234 level.
NGC/USD has broken through a resistance line of a Falling Wedge and suggests a possible movement to 3.3740 within the next 8 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement […]
BRN/USD has broken through a support line. It has touched this line at least twice in the last 16 days. This breakout may indicate a potential move to 64.1062 within the next 3 days. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before […]
XAUUSD is heading towards the resistance line of a Rising Wedge and could reach this point within the next 16 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we […]
For those of you that don’t believe in trends, this may be an opportunity to take advantage of an exceptional 2.29% move on EURUSD. The movement has happened over the last 4 hours. For those trend followers among you, you may think about riding this possible trend.
