LTCUSD is about to retest a key horizontal resistance level near 120.0900. It has tested this level 3 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.
Skip to content LTCUSD is about to retest a key horizontal resistance level near 120.0900. It has tested this level 3 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.
An emerging Falling Wedge has been detected on XAUUSD on the 30 Minutes chart. There is a possible move towards 3333.3035 next few candles. Once reaching resistance it may continue its bearish run or reverse back to current price levels.
BTCUSD has broken through a support line. It has touched this line numerous times in the last 13 days. This breakout shows a potential move to 114438.2188 within the next 3 days. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.
GBPJPY is moving towards a key support level at 198.1045. GBPJPY has previously tested this level 4 times and on each occasion it has bounced back off this level. Is this finally the time it will break through?
USDJPY has broken through 146.9530 which it has tested numerous times in the past. We have seen it retrace from this price in the past. If this new trend persists, USDJPY may be heading towards 147.4848 within the next 10 hours.
The price of BRN/USD in heading back to the resistance area. It is possible that it will struggle to break through it and move back in the other direction. The price may eventually break through, but typically the price retreats from the level a number of times before doing so.
An emerging Channel Up has been detected on FTSE100 on the 15 Minutes chart. There is a possible move towards 9109.2391 next few candles. Once reaching resistance it may continue its bearish run or reverse back to current price levels.
The price of EURUSD in heading in the direction of 1.1836. Despite the recent breakout through 1.1765 it is possible that it will struggle to gain momentum to the forecast price and move back in the other direction. This has happened many times in the past so watch for a possible bounce back.