You would be well advised to confirm the breakout that has just occurred – do you believe the move through
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.
BTCUSD rose sharply for 15 days – which is an excessively big movement for this instrument; exceeding the 98% of past price moves. Even if this move is a sign of a new trend in BTCUSD there is a chance that we will witness a correction, no matter how brief.
USDJPY is moving towards a key support level at 153.6290. USDJPY has previously tested this level 4 times and on each occasion it has bounced back off this level. Is this finally the time it will break through?
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