FTSE100 is heading towards the resistance line of a Rising Wedge and could reach this point within the next 12 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
The price of LTCUSD 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.
XAUUSD reached 4869.995 after a 4.49% move spanning 2 days.
An unexpectedly large move occurred on the EURUSD 1 hour chart, starting at 1.164035 and reaching 1.17162. It stands out in recent trading activity.
An emerging Channel Down has been detected on BTCUSD. The pattern has not yet broken through resistance, but the price is expected to move up over the next few hours. At the time the pattern was found, the price was 90698.47, and it is expected to move to 87756.7250.
A strong resistance level has been breached at 212.3925 on the 1 hour GBPJPY chart. Technical analysis forecasts a move to 213.0119 within the next 14 hours.
NGC/USD is moving toward a key resistance level at 3.7695. This level has been tested before for NGC/USD. This may present a good trading opportunity either at the spot price or after a breakout through this level.
An emerging Channel Down has been detected on NAS100. The pattern has not yet broken through support, but the price is expected to move up over the next few hours. At the time the pattern was found, the price was 25319.6448, and it is expected to move to 25637.1763.
