NGC/USD has broken through a support line. Because we have seen it retrace from this price in the past, one
USDJPY moved through the resistance line of a Ascending Triangle at 148.29476086956518 on the 1 hour chart. This line has been tested a number of times in the past and this breakout could mean an upcoming change from the current trend. It may continue in its current direction toward 148.9053.
BRN/USD has broken through a resistance line. It has touched this line at least twice in the last 5 days. This breakout may indicate a potential move to 67.2984 within the next 10 hours. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before […]
GBPJPY has moved higher by 0.69% from 199.708 to 201.095 in the last 22 hours.
ETHUSD is heading towards the resistance line of a Triangle. If this movement continues, the price of ETHUSD could test 4522.5238 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.
FTSE100 is moving towards a key support level at 9189.7500. This is a previously tested level for FTSE100. This could be a good trading opportunity, either at the spot price, or after breaching this level.
You would be well advised to confirm the breakout that has just occurred – do you believe the move through support to be significant? Do you have confirming indicators that the price momentum will continue? If so, look for a target of 198.9799 but consider reducing the size of your position as the price gets […]
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