XAUUSD is heading towards the support line of a Channel Up and could reach this point within the next 2
EURUSD is moving towards a key support level at 1.0523. This is a previously tested level for EURUSD. 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 resistance to be significant? Do you have confirming indicators that the price momentum will continue? If so, look for a target of 5937.3157 but consider reducing the size of your position as the price gets […]
ETHUSD is heading towards a line of 2992.8601. If this movement continues, the price of ETHUSD could test 2992.8601 within the next 3 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding.
A strong resistance level has been breached at 2.9135 on the 30 Minutes NGC/USD chart. Technical Analysis theory forecasts a movement to 2.9634 in the next 7 hours.
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Those of you that are trend followers are probably eagerly watching XAUUSD to see if its latest 6.38% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 19 days move.
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