Skip to content ETHUSD has broken through a support line. It has touched this line at least twice in the last 9 days. This breakout may indicate a potential move to 4212.5125 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 […]
XAGUSD is heading towards the resistance line of a Rising Wedge. If this movement continues, the price of XAGUSD could test 39.3688 within the next 3 days. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.
The breakout of USDJPY through the 147.0125 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, USDJPY could test 146.1939 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation of the breakout.
S&P500 has broken through a resistance line. It has touched this line numerous times in the last 15 days. This breakout shows a potential move to 6534.5781 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.
NGC/USD has broken through a support line of a Triangle chart pattern. If this breakout holds true, we may see the price of NGC/USD testing 2.7832 within the next 5 hours. But don’t be so quick to trade, it has tested this line in the past, so you should confirm the breakout before taking any […]
BTCUSD has broken through a line of 112724.6328 and suggests a possible movement to 115736.0234 within the next 4 days. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back […]
Emerging Rising Wedge pattern in its final wave was identified on the XAUUSD 4 hour chart. After a strong bullish run, we find XAUUSD heading towards the upper triangle line with a possible resistance at 3407.1392. If the resistance shows to hold, the Rising Wedge pattern suggests a rebound back towards current levels.
