GBPJPY has moved lower by 1.36% from 198.688 to 195.993 in the last 23 hours.
Skip to content GBPJPY has moved lower by 1.36% from 198.688 to 195.993 in the last 23 hours.
BRN/USD has broken through the support line which it has tested twice in the past. We have seen it retrace from this line before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target level of around 75.8243 may materialize within the next 17 hours.
EURUSD has experienced an exceptionally large amount of consecutive bearish candles to reach a price of 1.0305 in the last 8 days.
LTCUSD has broken through a line of 111.6800. If this breakout holds true, we could see the price of LTCUSD heading towards 120.4630 within the next 2 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so you should probably confirm the breakout before placing any […]
Emerging Channel Down pattern in its final wave was identified on the NGC/USD 30 Minutes chart. After a strong bullish run, we find NGC/USD heading towards the upper triangle line with a possible resistance at 3.5756. If the resistance shows to hold, the Channel Down pattern suggests a rebound back towards current levels.
USDJPY is moving towards a support line. 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 15 days and may test it again within the next 2 days.
The breakout of S&P500 through the resistance line of a Falling Wedge could be a sign of the road ahead. If this breakout persists, we may see the price of S&P500 testing 5969.7661 within the next 2 days.
This trade setup on NGC/USD is formed by a period of consolidation; a period in which the price primarily moves sideways before choosing a new direction for the longer term. Because of the bearish breakout through support, it seems to suggest that we could see the next price move to 3.4103.