Skip to content BRN/USD has broken through a support line. It has touched this line at least twice in the last 16 days. This breakout may indicate a potential move to 64.1062 within the next 3 days. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before […]
XAUUSD is heading towards the resistance line of a Rising Wedge and could reach this point within the next 16 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we […]
For those of you that don’t believe in trends, this may be an opportunity to take advantage of an exceptional 2.29% move on EURUSD. The movement has happened over the last 4 hours. For those trend followers among you, you may think about riding this possible trend.
LTCUSD is moving towards a resistance line. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 11 days and may test it again within the next 2 days.
The price of XAGUSD in heading in the direction of 33.3227. Despite the recent breakout through 32.6936 it is possible that it will struggle to gain momentum to the forecast price and move back in the other direction. This has happened many times in the past so watch for a possible bounce back.
Emerging Falling Wedge pattern in its final wave was identified on the USDJPY 15 Minutes chart. After a strong bearish run, we find USDJPY heading towards the upper triangle line with a possible resistance at 143.1548. If the support shows to hold, the Falling Wedge pattern suggests a rebound back towards current levels.
FTSE100 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 resistance line that has been tested in the past. Divergence opportunists may be very optimistic about a possible breakout and this may be the start […]
