EURUSD has breached the support line at 1.1598. It may continue the bearish trend towards 1.1531, or, it may prove to be yet another test of this level.
Skip to content EURUSD has breached the support line at 1.1598. It may continue the bearish trend towards 1.1531, or, it may prove to be yet another test of this level.
This trade setup on USDJPY formed after a period of consolidation, during which the price moved mostly sideways before choosing a longer-term direction. Following the bullish breakout through resistance, the price could move toward 155.9808.
A strong resistance level has been breached at 25701.5293 on the 30 Minutes NAS100 chart. Technical analysis forecasts a move to 25930.0859 within the next 14 hours.
Rectangle pattern identified on XAUUSD has broken through a resistance level, with price momentum continuing to move upward. This presents a solid trading opportunity, with the price expected to reach 4288.2445 in the next 3.
BRN/USD is moving toward a support line. Since it has retraced from this line before, we may see either a breakout through it or a rebound to current levels. It has touched this line multiple times in the past 11 days and may test it again within the next 3 days.
NGC/USD is approaching the line at 4.4565. If this move continues, the price of NGC/USD could test 4.4565 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.
XAGUSD is moving toward a resistance line. Since it has retraced from this line before, we may see either a breakout through it or a rebound to current levels. It has touched this line multiple times in the past 3 days and may test it again within the next 19 hours.
LTCUSD is trapped in a Rising Wedge formation, implying that a breakout is imminent. This is a strong trade setup for both trend and swing traders. It is now approaching a support line that has been tested before. Divergence watchers may be optimistic about a potential breakout, which could mark the start of a new […]