Skip to content Emerging Channel Up pattern in its final wave was identified on the XAGUSD 1 hour chart. After a strong bearish run, we find XAGUSD heading towards the upper triangle line with a possible resistance at 45.7884. If the support shows to hold, the Channel Up pattern suggests a rebound back towards current levels.
FTSE100 is moving towards a resistance line. Because we have seen it retrace from this line before, 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 9 days and may test it again within the next 14 hours.
A Channel Up pattern was identified on BTCUSD at 114596.82, creating an expectation that it may move to the resistance line at 117422.8726. It may break through that line and continue the bullish trend or it may reverse from that line.
GBPJPY is once again retesting a key horizontal support level at 199.5930. It has tested this level 3 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.
S&P500 is heading towards 6644.7598 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, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
XAUUSD reached 3798.83 after a 1.48% move spanning 4 hours.
LTCUSD has broken through a support line. It has touched this line numerous times in the last 2 days. This breakout shows a potential move to 104.7500 within the next 5 hours. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.
The movement of EURUSD towards the support line of a Channel Up is yet another test of the line it reached numerous times in the past. This line test could happen in the next 8 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to […]
