The movement of NZD/USD towards the support line of a Falling Wedge is yet another test of the line it reached numerous times in the past. We expect this line 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 […]
Johnson & Johnson has broken through the resistance line which it has tested twice in the past. We have seen it retrace from this position before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target line of around 140.29 can be expected within the next 7 […]
Silver SEPTEMBER 2019 is heading towards the support line of a Falling Wedge 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 […]
The movement of USD/JPY towards the support line of a Triangle is yet another test of the line it reached numerous times in the past. We expect this line test to happen in the next 5 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back […]
Soybean Oil AUGUST 2019 is heading towards the support line of a Descending Triangle and could reach this point within the next 3 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 […]
EUR/CHF has broken through the resistance line which it has tested twice in the past. We have seen it retrace from this position before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target line of around 1.1167 can be expected within the next 2 days. Did […]
Microsoft Corporation is moving towards the resistance line of a Rising Wedge. 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 46 days and may test it again […]
Soybean Meal AUGUST 2019 is moving towards the resistance line of a Channel Down 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 Soybean Meal AUGUST […]
GBP/USD has broken through a support line of a Triangle chart pattern. If this breakout holds true, we expect the price of GBP/USD to test 1.2570 within the next 3 days. But don’t be so quick to trade, it has tested this line in the past, so you should probably confirm the breakout before placing […]
3m Co. is heading towards the resistance line of a Channel Up 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, […]
