LTCUSD is moving towards a resistance line. Because we have seen it retrace from this line before, 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 22 hours and may test it again within the next 5 hours.
USDJPY has broken through a line of 145.4435. If this breakout holds true, we could see the price of USDJPY heading towards 147.3497 within the next 3 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 […]
Channel Down pattern identified on NAS100 has broken through a resistance level with the price momentum continuing to move in an upward direction. A solid trading opportunity continues with the price expected to reach 22854.4524 in the next 16.
The movement of NGC/USD towards 3.4945 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 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.
FTSE100 is heading towards the support line of a Channel Up. If this movement continues, the price of FTSE100 could test 8755.7898 within the next 2 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.
An emerging Rising Wedge has been detected on XAUUSD on the 4 hour chart. There is a possible move towards 3380.8507 next few candles. Once reaching support it may continue its bullish run or reverse back to current price levels.
