EURUSD is heading towards the resistance line of a Channel Up. If this movement continues, the price of EURUSD could test 1.1683 within the next 2 days. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.
Emerging Channel Up detected on BTCUSD – the pattern is an emerging one and has not yet broken through resistance, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 113855.65 and it is expected to move to 111185.6932.
USDJPY is approaching a support line at 151.4580. If it hits the support line, it may break through this level to continue the bearish trend, or it may turn around back to current levels.
XAGUSD has broken through a support 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 21 days and suggests a possible target level to be around 44.3112 within the next 3 […]
Emerging Channel Down detected on BRN/USD – the pattern is an emerging one and has not yet broken through resistance, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 65.678 and it is expected to move to 64.8394.
EURUSD is trapped in a Channel Up formation, implying that a breakout is Imminent. This is a great trade-setup for both trend and swing traders. It is now approaching a support line that has been tested in the past. Divergence opportunists may be very optimistic about a possible breakout and this may be the start […]
