Skip to content Emerging Channel Up detected on XAUUSD – the pattern is an emerging one and has not yet broken through resistance, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 2689.0 and it is expected to move to 2681.7511.
Those of you that are trend followers are probably eagerly watching FTSE100 to see if its latest 3.73% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 10 days move.
EURUSD is heading towards the support line of a Channel Up. If this movement continues, the price of EURUSD could test 1.0846 within the next 10 hours. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.
XAUUSD is moving towards a key resistance level at 2930.5500. XAUUSD has previously tested this level 5 times and on each occasion it has bounced back off this level. Is this finally the time it will break through?
GBPJPY is approaching the resistance line of a Channel Down. It has touched this line numerous times in the last 6 days. If it tests this line again, it should do so in the next 21 hours.
NAS100 is moving towards a resistance line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If NAS100 continues in its current trajectory, we could see it […]
The last 13 4 hour candles on XAGUSD formed a Triangle pattern and broken out through the pattern lines, indicating a possible bearish movement towards the price level of 31.5155.
Trend followers are probably eagerly watching BTCUSD to see if its latest 5 consecutive candles continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 6 day move.
