Those of you that are trend followers are probably eagerly watching ETHUSD to see if its latest 7.42% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 9 hours move.
Those of you that are trend followers are probably eagerly watching ETHUSD to see if its latest 7.42% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 9 hours move.
The movement of USDJPY towards the support line of a Falling Wedge is yet another test of the line it reached numerous times in the past. This line test could happen in the next 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to […]
BRN/USD is moving towards a resistance line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If BRN/USD continues in its current trajectory, we could see it […]
FTSE100 has broken through 8310.0000 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, FTSE100 may be heading towards 8329.1826 within the next 16 hours.
GBPJPY was identified at around 191.513 having recently rebounded of the support on the 30 Minutes data interval. Ultimately, the price action of the stock has formed a Falling Wedge pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 191.8151 level.
Those of you that are trend followers are probably eagerly watching ETHUSD to see if its latest 7.42% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 9 hours move.
LTCUSD is approaching a resistance line at 105.8000. If it hits the resistance line, it may break through this level to continue the bullish trend, or it may turn around back to current levels.
The movement of XAUUSD towards the resistance line of a Channel Up is yet another test of the line it reached numerous times in the past. This line test could happen in the next 3 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to […]