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.
BTCUSD has broken through the resistance line which it has tested twice in the past. We have seen it retrace from this line before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target level of around 108694.2267 may materialize within the next 8 hours.
LTCUSD is heading towards the resistance line of a Triangle and could reach this point within the next 13 hours. 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 could […]
GBPJPY is heading towards the resistance line of a Rising Wedge and could reach this point within the next 2 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 […]
USDJPY has broken through a line of 145.1300 and suggests a possible movement to 146.3557 within the next 2 days. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back […]
XAUUSD has broken through a support line. It has touched this line numerous times in the last 22 days. This breakout shows a potential move to 3276.4685 within the next 3 days. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.
ETHUSD was identified at around 2452.05 having recently rebounded of the support on the 4 hour data interval. Ultimately, the price action of the stock has formed a Falling Wedge pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 2507.1869 level.
Trend followers are probably eagerly watching BRN/USD to see if its latest 4 consecutive candles continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 6 day move.
