NAS100 is heading towards the support line of a Channel Up and could reach this point within the next 15 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.
BRN/USD has broken through a resistance line. It has touched this line at least twice in the last 5 days. This breakout may indicate a potential move to 67.2984 within the next 10 hours. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before […]
GBPJPY has moved higher by 0.69% from 199.708 to 201.095 in the last 22 hours.
FTSE100 is moving towards a key support level at 9189.7500. This is a previously tested level for FTSE100. This could be a good trading opportunity, either at the spot price, or after breaching this level.
ETHUSD is heading towards the resistance line of a Triangle. If this movement continues, the price of ETHUSD could test 4522.5238 within the next 3 days. 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.
You would be well advised to confirm the breakout that has just occurred – do you believe the move through support to be significant? Do you have confirming indicators that the price momentum will continue? If so, look for a target of 198.9799 but consider reducing the size of your position as the price gets […]
FTSE100 recorded an exceptional 1.31% move over the last 5 days. Whether you follow trends or look for reversals, this move is hard to ignore.
XAGUSD has moved lower by 3.1% from 42.6259 to 41.3065 in the last 13 hours.
