NGC/USD has broken through a line of 4.3090 and suggests a possible movement to 4.2140 within the next 10 hours. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 2 days.
Emerging Rising Wedge detected on GBPJPY – the pattern is an emerging one and has not yet broken through support, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 191.787 and it is expected to move to 192.5005.
LTCUSD has breached the resistance line at 105.2400. It may continue the bullish trend towards 109.2020, or, it may prove to be yet another test of this level.
A strong resistance level has been breached at 31.9950 on the 1 hour XAGUSD chart. Technical Analysis theory forecasts a movement to 32.4764 in the next 22 hours.
FTSE100 was identified at around 8787.69 having recently rebounded of the resistance on the 1 hour data interval. Ultimately, the price action of the stock has formed a Triangle pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 8769.6346 level.
USDJPY is heading towards the resistance line of a Channel Down and could reach this point within the next 3 days. 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 […]
EURUSD hits 1.06262 after a 1.36% move spanning 17 hours.
BTCUSD is heading towards the resistance line of a Triangle. If this movement continues, the price of BTCUSD could test 93912.1225 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.
