The price of NGC/USD in heading back to the resistance area. It is possible that it will struggle to break through it and move back in the other direction. The price may eventually break through, but typically the price retreats from the level a number of times before doing so.
XAUUSD is heading towards a line of 3345.4595. If this movement continues, the price of XAUUSD could test 3345.4595 within the next 2 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding.
The breakout of FTSE100 through the support line of a Triangle could be a sign of the road ahead. If this breakout persists, we may see the price of FTSE100 testing 8347.5083 within the next 11 hours.
An emerging Ascending Triangle has been detected on BTCUSD on the 1 hour chart. There is a possible move towards 94329.0500 next few candles. Once reaching support it may continue its bullish run or reverse back to current price levels.
FTSE100 has moved higher by 9.6% from 7677.0 to 8413.9 in the last 19 days.
An unexpected large move has occurred on XAGUSD Daily chart beginning at 28.668 and ending at 33.6205. Is this a sign of something new? What can we expect in the future?
LTCUSD is heading towards the resistance line of a Channel Up. If this movement continues, the price of LTCUSD could test 90.8387 within the next 17 hours. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.
EURUSD is about to retest a key horizontal support level near 1.1296. It has tested this level 4 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.
