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 […]
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.
