FTSE100 is approaching the resistance line of a Ascending Triangle. It has touched this line numerous times in the last 15 days. If it tests this line again, it should do so in the next 2 days.
FTSE100 is approaching the resistance line of a Ascending Triangle. It has touched this line numerous times in the last 15 days. If it tests this line again, it should do so in the next 2 days.
A strong resistance level has been breached at 116001.7031 on the 4 hour BTCUSD chart. Technical Analysis theory forecasts a movement to 117705.6406 in the next 21 hours.
NAS100 has broken through a resistance line. It has touched this line at least twice in the last 9 days. This breakout may indicate a potential move to 23587.9424 within the next 11 hours. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before […]
Emerging Channel Up pattern in its final wave was identified on the GBPJPY 30 Minutes chart. After a strong bullish run, we find GBPJPY heading towards the upper triangle line with a possible resistance at 197.6670. If the resistance shows to hold, the Channel Up pattern suggests a rebound back towards current levels.
XAUUSD is moving towards a key resistance level at 3393.5049. XAUUSD has previously tested this level 3 times and on each occasion it has bounced back off this level. Is this finally the time it will break through?
BRN/USD has broken through 68.0780 which it has tested numerous times in the past. We have seen it retrace from this price in the past. If this new trend persists, BRN/USD may be heading towards 65.7554 within the next 3 days.
ETHUSD is heading towards a line of 3885.9700. If this movement continues, the price of ETHUSD could test 3885.9700 within the next 3 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 EURUSD through the 1.1586 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, EURUSD could test 1.1668 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation of the breakout.