Skip to content XAUUSD is heading towards the support line of a Head and Shoulders and could reach this point within the next 12 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
GBPJPY has broken through a resistance line. It has touched this line at least twice in the last 3 days. This breakout may indicate a potential move to 192.0519 within the next 5 hours. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before […]
NGC/USD has broken through a resistance line. It has touched this line at least twice in the last 4 days. This breakout may indicate a potential move to 3.6625 within the next 6 hours. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before […]
Emerging Channel Up detected on S&P500 – 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 5639.25 and it is expected to move to 5539.2319.
XAUUSD was identified at around 3222.83 having recently rebounded of the resistance on the 4 hour data interval. Ultimately, the price action of the stock has formed a Falling Wedge pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 3163.4650 level.
NAS100 is approaching the resistance line of a Rising Wedge. It has touched this line numerous times in the last 5 days. If it tests this line again, it should do so in the next 23 hours.
The movement of ETHUSD towards 1843.4000 price line is yet another test of the line it reached numerous times in the past. We could expect this test to 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 current lines.
EURUSD is heading towards the support line of a Channel Down 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 from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we […]
