Skip to content XAUUSD has broken through a resistance line. Because we have seen it retrace from this price in the past, one should wait for confirmation of the breakout before trading. It has touched this line numerous times in the last 3 days and suggests a possible target level to be around 3664.0825 within the next 12 hours.
XAUUSD is approaching the line at 4686.9048. If this move continues, the price of XAUUSD could test 4686.9048 within the next 5 hours. But do not rush to trade. It has tested this line many times in the past, so the move could be short-lived and end in a rebound.
EURUSD is moving toward a level at 1.1764, which it has tested many times before. We have seen it retrace from this level before, so at this stage it isn’t clear whether it will break through this price or rebound again. If EURUSD continues on its current trajectory, we may see it move toward 1.1764 […]
The price of S&P500 is heading toward 7189.4180. Despite the recent breakout through 7148.6401, it may struggle to gain momentum to reach the forecast price and could move back in the other direction. This has happened many times in the past, so watch for a possible bounce back.
A strong resistance level has been breached at 78030.2500 on the 1 hour BTCUSD chart. Technical analysis forecasts a move to 80087.0703 within the next 2 days.
FTSE100 is moving toward a support 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 10266.8450 within the next 10 hours.
GBPJPY is heading toward the resistance line in a Triangle pattern. If this move continues, the price of GBPJPY could test 215.6588 within the next 3 days. It has tested this line many times before, so the move could be short-lived and may rebound as it has before.
An emerging Rising Wedge pattern in its final wave has been identified on the BTCUSD 4 hour chart. After a strong bullish run, BTCUSD is heading toward the upper triangle trendline, with possible resistance at 80134.8675. If the resistance holds, the Rising Wedge pattern suggests a rebound toward current levels.
