NAS100 has broken through the resistance line of a Channel Down pattern and suggests a possible move to 24898.8753 within the next 13 hours. It has tested this line before, so it is prudent to wait for confirmation of the breakout before taking action. If the breakout is not confirmed, we could see a retracement back to levels seen over the last 3 days.
GBPJPY is heading toward the resistance line in a Rising Wedge pattern. If this move continues, the price of GBPJPY could test 213.6970 within the next 13 hours. It has tested this line many times before, so the move could be short-lived and may rebound as it has before.
FTSE100 is heading toward the resistance line of a Channel Up pattern and could reach it within the next 8 hours. It has tested this line numerous times before, and this time may be no different, ending in a rebound instead of a breakout. If a breakout doesn’t occur, we could see a retracement back […]
EURUSD has broken through a support line. Because it has previously retraced from this price, you should wait for confirmation of the breakout before trading. It has touched this line multiple times over the past 8 days, which suggests a possible target around 1.1740 within the next 8 hours.
BRN/USD 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 BRN/USD continues on its current trajectory, it could reach 63.1494 within the next 12 hours.
A strong resistance level has been identified at 4881.5898 on the 15 Minutes XAUUSD chart. XAUUSD is likely to test this level soon.
ETHUSD is approaching a critical level that could be a key deciding factor for what comes next. We may see this trajectory continue to test and break through 2264.1799, unless it loses momentum and pulls back to current levels.
S&P500 recorded an exceptional 1.88% move over the last 14 hours. Whether you follow trends or look for reversals, this move is hard to ignore.
