The last 12 1 hour candles on BTCUSD formed a Triangle pattern and broken out through the pattern lines, indicating
EURUSD is heading towards the support line of a Channel Down. If this movement continues, the price of EURUSD could test 1.0394 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 resistance level at 8101.2998. FTSE100 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?
A movement of 1.25% over 21 hours on S&P500 doesn’t go unnoticed. You may start considering where it’s heading next, a continuation of the current downward trend, or a reversal in the previous direction.
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.
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