Skip to content It would be prudent to confirm the breakout that just occurred. Do you consider the move through support significant? Do you have indicators confirming that the price momentum will continue? If so, aim for a target of 1.1576, but consider reducing your position size as the price approaches that target.
USDJPY is moving toward a resistance 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 5 days and may test it again within the next 12 hours.
An emerging Channel Up pattern in its final wave has been identified on the NAS100 4 hour chart. After a strong bullish run, NAS100 is heading toward the upper triangle trendline, with possible resistance at 28701.8878. If the resistance holds, the Channel Up pattern suggests a rebound toward current levels.
An emerging Falling Wedge pattern in its final wave has been identified on the XAGUSD 4 hour chart. After a strong bearish run, XAGUSD is heading toward the upper triangle trendline, with possible resistance at 71.6759. If the support holds, the Falling Wedge pattern suggests a rebound toward current levels.
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.
