A Rising Wedge pattern was identified for USDJPY at 155.7115, suggesting it may move toward the resistance line at 156.2232. It may break through that line and continue the bullish trend, or reverse from it.
Skip to content A Rising Wedge pattern was identified for USDJPY at 155.7115, suggesting it may move toward the resistance line at 156.2232. It may break through that line and continue the bullish trend, or reverse from it.
S&P500 is heading toward the resistance line of a Channel Up pattern and could reach it within the next 3 days. It has tested this line numerous times before, and this time may be no different, ending in a rebound instead of a breakout. If a breakout doesn’t occur, we could see a retracement back […]
USDJPY was identified around 159.0765 after recently rebounding off the resistance on the 4 hour interval. Ultimately, the stock’s price action has formed a Channel Down pattern. This squeeze may increase the chances of a strong breakout. The projected move could take the price to around 157.4746.
NGC/USD 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 20 days and may test it again within the next 3 days.
GBPJPY reached 214.562 after a 0.99% move spanning 2 days.
This trade setup on XAUUSD 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 4693.5120.
S&P500 has broken through 6756.2100, which it has tested many times before. We have also seen it retrace from this level. If this new trend persists, S&P500 may be heading towards 6730.6089 within the next 3 days.
ETHUSD is approaching a support line at 2052.8701. If it hits the support line, it may break through this level to continue the bearish trend, or it may return to current levels.