Skip to content S&P500 was identified at around 5944.95 having recently rebounded of the resistance on the 30 Minutes 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 5897.1179 level.
Emerging Channel Down pattern in its final wave was identified on the GBPJPY 1 hour chart. After a strong bullish run, we find GBPJPY heading towards the upper triangle line with a possible resistance at 193.5264. If the resistance shows to hold, the Channel Down pattern suggests a rebound back towards current levels.
BRN/USD is moving towards a support line. Because we have seen it retrace from this level in the past, 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 4 days and may test it again within the next […]
The movement of NGC/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 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to […]
NAS100 is moving towards a line of 21252.6914 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If NAS100 continues in its current trajectory, we […]
The movement of USDJPY towards 145.4035 price line is yet another test of the line it reached numerous times in the past. We could expect this test to happen in the next 7 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.
BTCUSD has broken through a line of 105015.1406. If this breakout holds true, we could see the price of BTCUSD heading towards 106618.8359 within the next 2 days. 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 […]
