You would be well advised to confirm the breakout that has just occurred – do you believe the move through
A movement of 8.71% over 55 days on FTSE100 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.
USDJPY has broken through the support 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 153.7300 may materialize within the next 9 hours.
EURUSD has broken through 1.0391 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, EURUSD may be heading towards 1.0492 within the next 2 days.
BRN/USD hits 75.4005 after a 2.65% move spanning 2 days.
S&P500 is en route to a very important line that will be a definite deciding factor of what is to come! We may see this trajectory continue to touch and break through 6077.3999, unless it runs out of momentum and pulls back to current levels.
BTCUSD is moving towards a key resistance level at 98499.4375. This is a previously tested level for BTCUSD. This could be a good trading opportunity, either at the spot price, or after breaching this level.
Autochartist provides an extensive analytics toolset with features to take your trading to the next level. Empower your day-to-day trading decisions with an unrivalled breadth and depth of analysis driven by advanced algorithms, powerful big-data technology, and user-friendly trading tools.
