An emerging Ascending Triangle pattern in its final wave has been identified on the XAGUSD 4 hour chart. After a strong bullish run, XAGUSD is heading toward the upper triangle trendline, with possible resistance at 74.5792. If the resistance holds, the Ascending Triangle pattern suggests a rebound toward current levels.
BTCUSD is heading toward the resistance line of a Rising Wedge pattern and could reach it within the next 2 days. 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 […]
XAUUSD has broken through the resistance line of a Triangle technical chart pattern. Because it has retraced from this line in the past, you should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 2 days, which suggests a possible target around 4529.5972 within the […]
EURUSD 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 EURUSD continues on its current trajectory, it could reach 1.1665 within the next 22 hours.
NGC/USD has broken through the support line of a Triangle pattern and suggests a possible move to 2.8486 within the next 6 hours. It has tested this line before, so it is prudent to wait for confirmation of the breakout before taking action. If the breakout is not confirmed, we could see a retracement back […]
S&P500 was identified around 6610.02 after recently rebounding off the support on the 1 hour interval. Ultimately, the stock’s price action has formed a Inverse Head and Shoulders pattern. This squeeze may increase the chances of a strong breakout. The projected move could take the price to around 6705.9685.
NAS100 has broken through a line at 24139.6719. If this breakout holds, we could see the price of NAS100 move toward 23759.5215 within the next 11 hours. However, don’t be too quick to trade. It has tested this line many times in the past, so confirm the breakout before placing any trades.
LTCUSD is approaching the line at 56.1200. If this move continues, the price of LTCUSD could test 56.1200 within the next 16 hours. But do not rush to trade. It has tested this line many times in the past, so the move could be short-lived and end in a rebound.
