Emerging Rising Wedge pattern in its final wave was identified on the XAGUSD 1 hour chart. After a strong bullish run, we find XAGUSD heading towards the upper triangle line with a possible resistance at 33.5981. If the resistance shows to hold, the Rising Wedge pattern suggests a rebound back towards current levels.
Emerging Channel Up pattern in its final wave was identified on the S&P500 4 hour chart. After a strong bullish run, we find S&P500 heading towards the upper triangle line with a possible resistance at 6107.2720. If the resistance shows to hold, the Channel Up pattern suggests a rebound back towards current levels.
ETHUSD is approaching a support line at 2468.9600. If it hits the support line, it may break through this level to continue the bearish trend, or it may turn around back to current levels.
NGC/USD has broken through a line of 3.4600. If this breakout holds true, we could see the price of NGC/USD heading towards 3.5108 within the next 16 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so you should probably confirm the breakout before placing any […]
BTCUSD is trapped in a Falling Wedge formation, implying that a breakout is Imminent. This is a great trade-setup for both trend and swing traders. It is now approaching a resistance line that has been tested in the past. Divergence opportunists may be very optimistic about a possible breakout and this may be the start […]
GBPJPY is approaching the resistance line of a Channel Up. It has touched this line numerous times in the last 9 days. If it tests this line again, it should do so in the next 2 days.
The movement of XAUUSD towards the support line of a Channel Down is yet another test of the line it reached numerous times in the past. This line test could happen in the next 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to […]
A strong resistance level has been identified at 1.1450 on the 30 Minutes EURUSD chart. EURUSD is likely to test it soon.
