FTSE100 rose sharply for day – which is an excessively big movement for this instrument; exceeding the 98% of past
The movement of USDJPY towards 153.8390 price line is yet another test of the line it reached numerous times in the past. We could expect this test to 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 current lines.
ETHUSD is heading towards the resistance line of a Channel Up and could reach this point within the next 10 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 […]
FTSE100 has breached the resistance line at 8148.8799. It may continue the bullish trend towards 8261.6982, or, it may prove to be yet another test of this level.
NGC/USD has broken through the support line of a Rising Wedge technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 3 days and suggests a possible target level […]
Those of you that are trend followers are probably eagerly watching GBPJPY to see if its latest 0.99% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 23 hours move.
The last 8 4 hour candles on LTCUSD formed a Pennant pattern and broken out through the pattern lines, indicating a possible bullish movement towards the price level of 95.9644.
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