Skip to content Emerging Falling Wedge pattern in its final wave was identified on the USDJPY 4 hour chart. After a strong bearish run, we find USDJPY heading towards the upper triangle line with a possible resistance at 145.9816. If the support shows to hold, the Falling Wedge pattern suggests a rebound back towards current levels.
Emerging Falling Wedge pattern in its final wave was identified on the USDJPY 4 hour chart. After a strong bearish run, we find USDJPY heading towards the upper triangle line with a possible resistance at 145.9816. If the support shows to hold, the Falling Wedge pattern suggests a rebound back towards current levels.
XAUUSD is moving towards a resistance line. Because we have seen it retrace from this level in the past, 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 4 days and may test it again within the next […]
ETHUSD is heading towards the resistance line of a Channel Up and could reach this point within the next 3 days. 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 […]
BTCUSD has broken through a support line of a Channel Up and suggests a possible movement to 115838.1303 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 […]
FTSE100 has broken through a resistance line. It has touched this line numerous times in the last 18 days. This breakout shows a potential move to 9220.1670 within the next 2 days. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.
A strong support level has been identified at 122.8600 on the 30 Minutes LTCUSD chart. LTCUSD is likely to test it soon.
This trade setup on XAGUSD is formed by a period of consolidation; a period in which the price primarily moves sideways before choosing a new direction for the longer term. Because of the bearish breakout through support, it seems to suggest that we could see the next price move to 38.3412.
