USDJPY is moving towards a line of 146.9890 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If USDJPY continues in its current trajectory, we may see it move towards 146.9890 within the next 8 hours.
XAUUSD is moving towards a support 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 10 days and may test it again within the next 2 days.
GBPJPY 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 15 days and may test it again within the next 3 days.
LTCUSD is moving towards a key support level at 84.0200. This is a previously tested level for LTCUSD. This could be a good trading opportunity, either at the spot price, or after breaching this level.
USDJPY has broken through a resistance line. It has touched this line at least twice in the last 2 days. This breakout may indicate a potential move to 144.9037 within the next 7 hours. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before […]
Emerging Falling Wedge pattern in its final wave was identified on the ETHUSD 4 hour chart. After a strong bearish run, we find ETHUSD heading towards the upper triangle line with a possible resistance at 2328.5380. If the support shows to hold, the Falling Wedge pattern suggests a rebound back towards current levels.
Due to the rate of consecutive bearish candles on BRN/USD Daily chart we could be in for a price correction. If not, this trend could be a sign of things to come
Emerging Channel Down pattern in its final wave was identified on the FTSE100 1 hour chart. After a strong bearish run, we find FTSE100 heading towards the upper triangle line with a possible resistance at 8659.6319. If the support shows to hold, the Channel Down pattern suggests a rebound back towards current levels.
