An emerging Channel Up has been detected on XAGUSD on the 15 Minutes chart. There is a possible move towards 42.0964 next few candles. Once reaching resistance it may continue its bearish run or reverse back to current price levels.
Emerging Rising Wedge detected on NAS100 – the pattern is an emerging one and has not yet broken through support, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 23997.1994 and it is expected to move to 24153.4095.
GBPJPY moved through the resistance line of a Ascending Triangle at 200.06207142857144 on the 1 hour 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 200.5449.
FTSE100 moved through the resistance line of a Triangle at 9283.397692307693 on the 1 hour 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 9325.7975.
Emerging Channel Up detected on EURUSD – the pattern is an emerging one and has not yet broken through support, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 1.173975 and it is expected to move to 1.1814.
XAUUSD has broken through a resistance line. Because we have seen it retrace from this price in the past, one should wait for confirmation of the breakout before trading. It has touched this line numerous times in the last 3 days and suggests a possible target level to be around 3664.0825 within the next 12 […]
USDJPY is moving towards a support line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If USDJPY continues in its current trajectory, we could see it […]
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