GBP/USD is heading towards the support line of a Triangle 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 could […]
Gold DECEMBER 2019 has broken through the resistance line of a Triangle 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 14 days and suggests a target line to be […]
USD/JPY has broken through a support line of a Triangle and suggests a possible movement to 108.3071 within the next 2 days. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement […]
Travelers Cos Inc. is heading towards the resistance line of a Triangle. If this movement continues, we expect the price of Travelers Cos Inc. to test 142.16 within the next 8 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 […]
CORN DECEMBER 2019 is moving towards the support line of a Triangle. 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 8 days and may test it again […]
Silver DECEMBER 2019 is moving towards the support line of a Triangle 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 Silver DECEMBER 2019 continues in […]
XAU/USD is approaching the support line of a Triangle. It has touched this line numerous times in the last 4 days. If it tests this line again, it should do so in the next 13 hours. Did you know that our social media feeds are updated only 3x per day, and don’t look at short […]
US Treasury Bond DECEMBER 2019 is moving towards the support line of a Triangle. 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 […]
Gold DECEMBER 2019 is moving towards the resistance line of a Triangle 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 Gold DECEMBER 2019 continues in […]
AUD/USD has broken through a resistance line of a Triangle and suggests a possible movement to 0.6795 within the next 3 days. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement […]
