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S&P500 was identified at around 6020.31 having recently rebounded of the resistance on the 15 Minutes data interval. Ultimately, the price action of the stock has formed a Channel Down pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 6002.5117 level.
The movement of BRN/USD towards the support line of a Channel Down is yet another test of the line it reached numerous times in the past. This line test could happen in the next 22 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to […]
FTSE100 is about to retest a key horizontal resistance level near 8573.9004. It has tested this level 3 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.
EURUSD has broken through a line of 1.0408. If this breakout holds true, we could see the price of EURUSD heading towards 1.0356 within the next 23 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so you should probably confirm the breakout before placing any […]
Triangle pattern identified on XAGUSD has broken through a resistance level with the price momentum continuing to move in an upward direction. A solid trading opportunity continues with the price expected to reach 30.6393 in the next 12.
BTCUSD is about to retest a key horizontal resistance level near 105584.6563. It has tested this level 5 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.
