XAUUSD has broken through a resistance line. It has touched this line at least twice in the last 8 days. This breakout may indicate a potential move to 4249.0527 within the next 19 hours. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before […]
A Channel Up pattern was identified on GBPJPY at 203.0885, creating an expectation that it may move to the support line at 202.1617. It may break through that line and continue the bearish trend or it may reverse from that line.
NAS100 has broken through a resistance line. It has touched this line numerous times in the last 16 days. This breakout shows a potential move to 25746.3457 within the next 3 days. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.
XAGUSD 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 XAGUSD continues in its current trajectory, we could see it […]
ETHUSD was identified at around 3898.53 having recently rebounded of the support on the 4 hour data interval. Ultimately, the price action of the stock has formed a Triangle pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 4023.3311 level.
