Verizon Communications Inc. is heading towards the resistance line of a Rising Wedge 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 doesn’t […]
USD/JPY has broken through the support line of a Rising Wedge. It has touched this line at least twice in the last 16 days. This breakout indicates a potential move to 106.9250 within the next 3 days. Because we have seen it retrace from this positions in the past, one should wait for confirmation of […]
EUR/USD is moving towards the resistance line of a Rising Wedge 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, […]
USD/JPY 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 13 days and suggests a target line to be around […]
The movement of USD/JPY towards the support 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 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound […]
EUR/USD is heading towards the resistance line of a Rising Wedge 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 doesn’t happen, we […]
The movement of General Electric Co. 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 17 hours, but it is uncertain whether it will result in a breakout through this line, or […]
Caterpillar Inc. is heading towards the resistance line of a Rising Wedge. If this movement continues, we expect the price of Caterpillar Inc. to test 133.89 within the next 10 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 […]
Light Sweet Crude Oil OCTOBER 2019 has broken through a support line of a Rising Wedge chart pattern. If this breakout holds true, we expect the price of Light Sweet Crude Oil OCTOBER 2019 to test 54.4814 within the next 2 days. But don’t be so quick to trade, it has tested this line in […]
Microsoft Corporation is heading towards the support line of a Rising Wedge. If this movement continues, we expect the price of Microsoft Corporation to test 132.80 within the next 3 days. 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 […]
