Skip to content This trade setup on USDJPY formed after a period of consolidation, during which the price moved mostly sideways before choosing a longer-term direction. Following the bearish breakout through support, the price could move toward 153.6557.
An emerging Rising Wedge has been detected on XAUUSD. The pattern has not yet broken through support, but the price is expected to move up over the next few hours. At the time the pattern was found, the price was 4213.385, and it is expected to move to 4266.8382.
FTSE100 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 9 days and may test it again within the next 12 hours.
An emerging Rising Wedge pattern has been detected for S&P500 on the 1 hour chart. There may be a move toward 6908.0376 in the next few candles. Once it reaches the resistance, it may continue its bullish run or revert to current price levels.
LTCUSD is moving toward a support line. Because it has retraced from this level in the past, we may see either a breakout through this line or a rebound to current levels. It has touched this line multiple times over the last 9 days and may test it again within the next 2 days.
NGC/USD is moving toward a resistance line it has tested many times. It has retraced from this line before, so it’s unclear whether it will break through or rebound again. If NGC/USD continues on its current trajectory, it could reach 4.4504 within the next 19 hours.
