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.
BTCUSD 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 9 days and suggests a possible target level […]
BRN/USD is moving towards a resistance line. Because we have seen it retrace from this level in the past, 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 11 days and may test it again within the next […]
S&P500 has broken through the resistance line of a Falling 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 11 days and suggests a possible target level […]
USDJPY moved through the resistance line of a Triangle at 148.70676744186045 on the 4 hour chart. This line has been tested a number of times in the past and this breakout could mean an upcoming change from the current trend. It may continue in its current direction toward 149.8931.
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.
