The breakout of EURUSD through the 1.0419 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 1.0384 within the next 11 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout.
A movement of 4.62% over 2 days on ETHUSD doesn’t go unnoticed. You may start considering where it’s heading next, a continuation of the current upward trend, or a reversal in the previous direction.
NAS100 has broken through the resistance line which it has tested twice in the past. We have seen it retrace from this line before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target level of around 21735.8786 may materialize within the next 22 hours.
USDJPY has broken through the resistance line which it has tested twice in the past. We have seen it retrace from this line before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target level of around 155.6276 may materialize within the next 6 hours.
LTCUSD is moving towards a key resistance level at 125.8900. LTCUSD has previously tested this level 4 times and on each occasion it has bounced back off this level. Is this finally the time it will break through?
S&P500 was identified at around 6020.31 having recently rebounded of the resistance on the 15 Minutes data interval. Ultimately, the price action of the stock has formed a Channel Down pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 6002.5117 level.
The movement of BRN/USD towards the support line of a Channel Down is yet another test of the line it reached numerous times in the past. This line test could happen in the next 22 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to […]
FTSE100 is about to retest a key horizontal resistance level near 8573.9004. It has tested this level 3 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.
