A movement of 4.98% over 2 days on BTCUSD doesn’t go unnoticed. You may start considering where it’s heading next,
USDJPY is moving towards a line of 156.1170 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If USDJPY continues in its current trajectory, we […]
Rising Wedge pattern identified on XAUUSD has broken through a support level with the price momentum continuing to move in an downward direction. A solid trading opportunity continues with the price expected to reach 2792.5989 in the next 20.
The last 8 4 hour candles on S&P500 formed a Pennant pattern and broken out through the pattern lines, indicating a possible bearish movement towards the price level of 5971.3683.
A strong resistance level has been breached at 21638.8027 on the 30 Minutes NAS100 chart. Technical Analysis theory forecasts a movement to 22059.1699 in the next 2 days.
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 192.5952.
A strong resistance level has been identified at 77.4500 on the 30 Minutes BRN/USD chart. BRN/USD is likely to test it soon.
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