Skip to content USDJPY is moving towards a line of 156.1170 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 156.1170 within the next 3 days.
XAUUSD is heading towards the resistance line of a Channel Up and could reach this point within the next 12 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 […]
EURUSD is moving towards a key support level at 1.0818. This is a previously tested level for EURUSD. This could be a good trading opportunity, either at the spot price, or after breaching this level.
An emerging Triangle has been detected on BRN/USD on the 4 hour chart. There is a possible move towards 69.0799 next few candles. Once reaching resistance it may continue its bearish run or reverse back to current price levels.
Emerging Falling Wedge pattern in its final wave was identified on the BTCUSD 1 hour chart. After a strong bearish run, we find BTCUSD heading towards the upper triangle line with a possible resistance at 72779.4596. If the support shows to hold, the Falling Wedge pattern suggests a rebound back towards current levels.
GBPJPY is heading towards the support line of a Channel Up. If this movement continues, the price of GBPJPY could test 189.2475 within the next 2 days. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.
Emerging Channel Down pattern in its final wave was identified on the NAS100 4 hour chart. After a strong bearish run, we find NAS100 heading towards the upper triangle line with a possible resistance at 18222.6826. If the support shows to hold, the Channel Down pattern suggests a rebound back towards current levels.
The last 7 1 hour candles on FTSE100 formed a Triangle pattern and broken out through the pattern lines, indicating a possible bullish movement towards the price level of 8650.6825.
