Triangle pattern identified on USDJPY has broken through a support level with the price momentum continuing to move in an downward direction. A solid trading opportunity continues with the price expected to reach 146.8690 in the next 2.
ETHUSD has broken through the resistance line of a Triangle technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 4 days and suggests a possible target level to […]
NGC/USD has broken through a resistance line of a Falling Wedge and suggests a possible movement to 2.8867 within the next 2 days. 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 […]
GBPJPY has broken through a support line. It has touched this line numerous times in the last 6 days. This breakout shows a potential move to 198.6659 within the next 21 hours. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.
You would be well advised to confirm the breakout that has just occurred – do you believe the move through resistance to be significant? Do you have confirming indicators that the price momentum will continue? If so, look for a target of 67.3134 but consider reducing the size of your position as the price gets […]
XAGUSD 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 XAGUSD continues in its current trajectory, we could see it […]
NAS100 is heading towards the support line of a Channel Up and could reach this point within the next 15 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 […]
