FTSE100 is about to retest a key horizontal resistance level near 8674.9004. It has tested this level 5 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.
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.
NAS100 has broken through the support line of a Rising Wedge technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 2 days and suggests a possible target level […]
