A movement of 1.25% over 21 hours on S&P500 doesn’t go unnoticed. You may start considering where it’s heading next,
BRN/USD is moving towards a key resistance level at 72.7960. BRN/USD has previously tested this level 3 times and on each occasion it has bounced back off this level. Is this finally the time it will break through?
NAS100 is heading towards the support line of a Falling Wedge. If this movement continues, the price of NAS100 could test 20681.9942 within the next 10 hours. 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.
The breakout of XAUUSD through the 2563.2200 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, XAUUSD could test 2548.6360 within the next 7 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout.
GBPJPY is once again retesting a key horizontal resistance level at 198.0620. It has tested this level 3 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.
EURUSD has experienced an extremely big movement in last 8 days. It may continue the trend, but this would make the move unprecedented in the recent past.
A strong support level has been breached at 3106.0400 on the 1 hour ETHUSD chart. Technical Analysis theory forecasts a movement to 2981.2429 in the next 21 hours.
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