XAU/USD has broken through the support line of a Rising Wedge. It has touched this line at least twice in the last 2 days. This breakout indicates a potential move to 1493.1089 within the next 14 hours. Because we have seen it retrace from this positions in the past, one should wait for confirmation of […]
XAU/USD has broken through the support line of a Rising Wedge 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 23 hours and suggests a target line to be around […]
10 year US Treasury Note DECEMBER 2019 is heading towards the support line of a Rising Wedge. If this movement continues, we expect the price of 10 year US Treasury Note DECEMBER 2019 to test 130.7500 within the next 8 hours. But don’t be so quick to trade, it has tested this line numerous times […]
Travelers Cos Inc. 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 4 days and may test it […]
Live Cattle DECEMBER 2019 is heading towards the support line of a Rising Wedge. If this movement continues, we expect the price of Live Cattle DECEMBER 2019 to test 108.0500 within the next 13 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement […]
Exxon Mobil Corp. is heading towards the resistance line of a Rising Wedge. If this movement continues, we expect the price of Exxon Mobil Corp. to test 71.67 within the next 6 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be […]
Verizon Communications Inc. 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 34 days and may test it […]
EUR/CHF is heading towards the resistance line of a Rising Wedge and could reach this point within the next 13 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 […]
The movement of Silver DECEMBER 2019 towards the resistance line of a Rising 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 3 days, but it is uncertain whether it will result in a breakout through this line, or […]
Feeder Cattle NOVEMBER 2019 has broken through the support line of a Rising Wedge 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 18 days and suggests a target line […]
