Skip to content XAGUSD has broken through a support line. Because we have seen it retrace from this price in the past, one should wait for confirmation of the breakout before trading. It has touched this line numerous times in the last 11 days and suggests a possible target level to be around 29.7730 within the next 2 days.
BRN/USD is moving toward a resistance line it has tested many times. It has retraced from this line before, so it’s unclear whether it will break through or rebound again. If BRN/USD continues on its current trajectory, it could reach 71.2460 within the next 12 hours.
USDJPY is heading toward the resistance line of a Channel Up pattern and could reach it within the next 6 hours. It has tested this line numerous times before, and this time may be no different, ending in a rebound instead of a breakout. If a breakout doesn’t occur, we could see a retracement back […]
BTCUSD is trapped in a Falling Wedge formation, implying that a breakout is imminent. This is a strong trade setup for both trend and swing traders. It is now approaching a resistance line that has been tested before. Divergence watchers may be optimistic about a potential breakout, which could mark the start of a new […]
A movement of 12.34% over 6 days on XAUUSD does not go unnoticed. You may want to consider where it is heading next: a continuation of the current downward trend or a reversal of the prior trend.
ETHUSD just posted a 7.41% move over the past 15 hours—a move unlikely to go unnoticed by any trading style.
An emerging Triangle pattern in its final wave has been identified on the S&P500 4 hour chart. After a strong bearish run, S&P500 is heading toward the upper triangle trendline, with possible resistance at 6870.9042. If the support holds, the Triangle pattern suggests a rebound toward current levels.
GBPJPY is heading toward the resistance line in a Rising Wedge pattern. If this move continues, the price of GBPJPY could test 213.6970 within the next 13 hours. It has tested this line many times before, so the move could be short-lived and may rebound as it has before.
