Skip to content The movement of USDJPY towards the support line of a Falling Wedge is yet another test of the line it reached numerous times in the past. This line test could happen in the next 4 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current levels.
XAUUSD is heading toward the resistance line in a Rising Wedge pattern. If this move continues, the price of XAUUSD could test 5221.2819 within the next 5 hours. It has tested this line many times before, so the move could be short-lived and may rebound as it has before.
EURUSD is moving toward a support line. Because it has retraced from this level in the past, we may see either a breakout through this line or a rebound to current levels. It has touched this line multiple times over the last 3 days and may test it again within the next 10 hours.
S&P500 is moving toward a support line. Since it has retraced from this line before, we may see either a breakout through this line or a rebound to current levels. It has touched this line numerous times in the last 16 days and may test it again within the next 3 days.
A Falling Wedge pattern was identified for NGC/USD at 2.8995, suggesting it may move toward the support line at 2.8510. It may break through that line and continue the bearish trend, or reverse from it.
XAGUSD is approaching a support line at 86.7077. If it hits the support line, it may break through this level to continue the bearish trend, or it may return to current levels.
BTCUSD has moved higher by 6.44% from 64904.06 to 69080.89 in the last 15 hours.
FTSE100 is moving toward a resistance line it has tested many times. It has retraced from this line before, so it’s unclear whether it will break through or rebound again. If FTSE100 continues on its current trajectory, it could reach 10967.5713 within the next 2 days.
