Skip to content The price of FTSE100 in heading in the direction of 8258.4414. Despite the recent breakout through 8208.1201 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.
A breakout of GBPJPY through the resistance line of a Triangle could signal what’s ahead. If the breakout persists, we may see GBPJPY’s price test 211.5479 within the next 5 hours.
XAUUSD is about to retest a key horizontal support level near 4482.8999. It has tested this level 3 times recently and may simply bounce off it, as it did last time. However, after so many attempts, it may be ready to start a new trend.
The last 20 4 hour candles on FTSE100 have formed a Triangle pattern and broken out through the pattern lines, indicating a possible bullish movement toward the price level at 10243.9850.
An emerging Ascending Triangle pattern in its final wave has been identified on the XAGUSD 1 hour chart. After a strong bullish run, XAGUSD is heading toward the upper triangle trendline, with possible resistance at 74.5846. If the resistance holds, the Ascending Triangle pattern suggests a rebound toward current levels.
USDJPY 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 12 days and may test it again within the next 2 days.
ETHUSD is heading toward 2092.2900 and could reach this level within the next 2 days. It has tested this level numerous times in the past, and this time could be no different, ending in a rebound rather than a breakout. If a breakout does not occur, we may see a retracement back to current levels.
The movement of S&P500 toward the resistance line of a Channel Down is yet another test of the line it has reached numerous times in the past. This test of the line could occur within the next 3 days, but it is uncertain whether it will result in a breakout through this line or simply […]
