Skip to content An emerging Channel Up pattern in its final wave has been identified on the XAUUSD 1 hour chart. After a strong bearish run, XAUUSD is heading toward the upper triangle trendline, with possible resistance at 4885.6165. If the support holds, the Channel Up pattern suggests a rebound toward current levels.
This trade setup on ETHUSD formed after a period of consolidation, during which the price moved mostly sideways before choosing a longer-term direction. Following the bullish breakout through resistance, the price could move toward 3083.1591.
S&P500 is moving toward a resistance line. Since it has retraced from this line before, we may see either a breakout through it or a rebound to current levels. It has touched this line multiple times in the past 4 days and may test it again within the next 21 hours.
An emerging Rising Wedge pattern has been detected for USDJPY on the 1 hour chart. There may be a move toward 159.1024 in the next few candles. Once it reaches the resistance, it may continue its bullish run or revert to current price levels.
Triangle pattern identified on GBPJPY has broken through a resistance level, with price momentum continuing to move upward. This presents a solid trading opportunity, with the price expected to reach 214.2830 in the next 2.
BRN/USD is approaching the line at 64.8140. If this move continues, the price of BRN/USD could test 64.8140 within the next 2 days. But do not rush to trade. It has tested this line many times in the past, so the move could be short-lived and end in a rebound.
LTCUSD is moving toward a resistance line. Since it has retraced from this line before, we may see either a breakout through it or a rebound to current levels. It has touched this line multiple times in the past 2 days and may test it again within the next 9 hours.
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