Skip to content LTCUSD is moving towards a resistance 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 LTCUSD continues in its current trajectory, we could see it […]
The price of EURUSD in heading back to the resistance area. It is possible that it will struggle to break through it and move back in the other direction. The price may eventually break through, but typically the price retreats from the level a number of times before doing so.
A Channel Up pattern was identified on XAUUSD at 3325.76, creating an expectation that it may move to the resistance line at 3399.0149. It may break through that line and continue the bullish trend or it may reverse from that line.
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 […]
