FTSE100 has experienced an extremely big movement in last 34 days. It may continue the trend, but this would make
USDJPY has broken through 155.6810 which it has tested numerous times in the past. We have seen it retrace from this price in the past. If this new trend persists, USDJPY may be heading towards 154.9225 within the next 21 hours.
ETHUSD is heading towards the support line of a Falling Wedge. If this movement continues, the price of ETHUSD could test 3166.7426 within the next 2 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.
BRN/USD has broken through a support line. Because we have seen it retrace from this price in the past, one should wait for confirmation of the breakout before trading. It has touched this line numerous times in the last 14 days and suggests a possible target level to be around 76.9532 within the next 2 […]
LTCUSD has breached the support line at 113.0600. It may continue the bearish trend towards 107.3050, or, it may prove to be yet another test of this level.
EURUSD is heading towards 1.0436 and could reach this point within the next 16 hours. It has tested this line numerous times in the past, and this time could be no different, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
An emerging Rising Wedge has been detected on GBPJPY on the 1 hour chart. There is a possible move towards 193.6065 next few candles. Once reaching support it may continue its bullish run or reverse back to current price levels.
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