Skip to content EURUSD was identified at around 1.0805 having recently rebounded of the support on the 30 Minutes data interval. Ultimately, the price action of the stock has formed a Channel Up pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 1.0861 level.
Triangle pattern identified on GBPJPY 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 214.2830 in the next 2.
BRN/USD is approaching the line at 64.8140. If this move continues, the price of BRN/USD could test 64.8140 within the next 2 days. 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.
LTCUSD 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 2 days and may test it again within the next 9 hours.
The price of USDJPY is heading toward 158.9628. Despite the recent breakout through 158.2810, 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.
BTCUSD 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 BTCUSD continues on its current trajectory, it could reach 84518.4630 within the next 17 hours.
The price of S&P500 is heading back toward the resistance area. It may struggle to break through and could reverse direction. The price may eventually break through, but it typically retreats from the level several times before doing so.
GBPJPY is moving toward a key support level at 210.5175. GBPJPY has tested this level 5 times before, and on each occasion it has bounced off. Could this be the time it finally breaks through?
