FTSE100 rose sharply for 5 days – which is an excessively big movement for this instrument; exceeding the 98% of
This trade setup on GBPJPY is formed by a period of consolidation; a period in which the price primarily moves sideways before choosing a new direction for the longer term. Because of the bullish breakout through resistance, it seems to suggest that we could see the next price move to 189.4068.
BRN/USD is about to retest a key horizontal resistance level near 77.4500. It has tested this level 5 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.
ETHUSD is heading towards 2673.8201 and could reach this point within the next 11 hours. It has tested this line numerous times in the past, and this time could be no different, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
BTCUSD has broken through a support line. Because we have seen it retrace from this price in the past, one should wait for confirmation of the breakout before trading. It has touched this line numerous times in the last 7 days and suggests a possible target level to be around 92172.1406 within the next 2 […]
NGC/USD is moving towards a support line. Because we have seen it retrace from this level in the past, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 10 days and may test it again within the next […]
An emerging Descending Triangle has been detected on S&P500 on the 4 hour chart. There is a possible move towards 5903.9964 next few candles. Once reaching resistance it may continue its bearish run or reverse back to current price levels.
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