Category: Technical Analysis

Technical Analysis

Important price line breached by USDCHFImportant price line breached by USDCHF

USDCHF has broken through a support line. It has touched this line numerous times in the last 5 days. This breakout shows a potential move to 0.9086 within the next

ETHUSD – getting close to resistance of a Ascending TriangleETHUSD – getting close to resistance of a Ascending Triangle

ETHUSD is trapped in a Ascending Triangle formation, implying that a breakout is Imminent. This is a great trade-setup for both trend and swing traders. It is now approaching a

Breach of important price line imminent by DOW 30Breach of important price line imminent by DOW 30

DOW 30 is moving towards a line of 38525.3984 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so

Possible breach of resistance level by EURUSDPossible breach of resistance level by EURUSD

Emerging Rising Wedge detected on EURUSD – the pattern is an emerging one and has not yet broken through support, but the price is expected to move up over the

LTCUSD short term bullish trade setup to 85.0000LTCUSD short term bullish trade setup to 85.0000

LTCUSD is about to retest a key horizontal resistance level near 85.0000. It has tested this level 4 times in the recent past and could simply bounce off like it

Confirmed breakout on GBPUSD 30 Minutes chartConfirmed breakout on GBPUSD 30 Minutes chart

Ascending Triangle pattern identified on GBPUSD has broken through a resistance level with the price momentum continuing to move in an upward direction. A solid trading opportunity continues with the

USDCHF – resistance line broken at 2024-04-24T09:00:00.000ZUSDCHF – resistance line broken at 2024-04-24T09:00:00.000Z

USDCHF has breached the resistance line at 0.9133. It may continue the bullish trend towards 0.9166, or, it may prove to be yet another test of this level. Supported by

Will FTSE 100 have enough momentum to break resistance?Will FTSE 100 have enough momentum to break resistance?

Emerging Rising Wedge detected on FTSE 100 – the pattern is an emerging one and has not yet broken through support, but the price is expected to move up over

BTCUSD has broken through supportBTCUSD has broken through support

BTCUSD moved through the support line of a Rising Wedge at 66453.2261111111 on the 4 hour chart. This line has been tested a number of times in the past and

Should we expect a breakout or a rebound on NZDUSD?Should we expect a breakout or a rebound on NZDUSD?

NZDUSD is approaching a support line at 0.5893. If it hits the support line, it may break through this level to continue the bearish trend, or it may turn around