Light Sweet Crude Oil NOVEMBER 2019 is moving towards the support 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 Light […]
The movement of USD/JPY towards the support line of a Channel Down is yet another test of the line it reached numerous times in the past. We expect this line test to happen in the next 10 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound […]
NZD/USD 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 0.6261 can be expected within the next 18 hours. Did […]
Silver DECEMBER 2019 has broken through the resistance line of a Channel Down technical chart pattern. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading. It has touched this line twice in the last 5 days and suggests a target line to […]
Soybeans NOVEMBER 2019 is moving towards the resistance line of a Channel Down. 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 6 days and may test it […]
EUR/USD is moving towards the support 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 EUR/USD continues in its current trajectory, […]
Pfizer Inc. is heading towards the resistance line of a Channel Down. If this movement continues, we expect the price of Pfizer Inc. to test 37.25 within the next 21 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and […]
The movement of KC HRW Wheat DECEMBER 2019 towards the support line of a Channel Down 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 […]
Silver DECEMBER 2019 is heading towards the support line of a Channel Down and could reach this point within the next 9 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 […]
Intel Corporation has broken through the resistance line of a Channel Down. It has touched this line at least twice in the last 14 days. This breakout indicates a potential move to 51.49 within the next 17 hours. Because we have seen it retrace from this positions in the past, one should wait for confirmation […]
