You would be well advised to confirm the breakout that has just occurred – do you believe the move through resistance to be significant? Do you have confirming indicators that the price momentum will continue? If so, look for a target of 33.8852 but consider reducing the size of your position as the price gets closer to that target.
XAUUSD has moved higher by 5.97% from 3291.43 to 3487.8595 in the last 5 days.
USDJPY has moved lower by 5.99% from 149.8435 to 140.8735 in the last 26 days.
S&P500 is approaching a support line at 5084.6201. If it hits the support line, it may break through this level to continue the bearish trend, or it may turn around back to current levels.
GBPJPY has broken through the support line which it has tested twice in the past. We have seen it retrace from this line before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target level of around 187.0907 may materialize within the next 3 days.
XAGUSD has experienced an extremely big movement in last 15 days. It may continue the trend, but this would make the move unprecedented in the recent past.
BTCUSD is moving towards a line of 86079.4688 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If BTCUSD continues in its current trajectory, we […]
FTSE100 is approaching the resistance line of a Rising Wedge. It has touched this line numerous times in the last 9 days. If it tests this line again, it should do so in the next 16 hours.
