The movement of XAGUSD towards 33.7210 price line is yet another test of the line it reached numerous times in
GBPJPY is heading towards a line of 198.1340. If this movement continues, the price of GBPJPY could test 198.1340 within the next 11 hours. 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 identified at 2.4685 on the 15 Minutes NGC/USD chart. NGC/USD is likely to test it soon.
ETHUSD is trapped in a Channel Up formation, implying that a breakout is Imminent. This is a great trade-setup for both trend and swing traders. It is now approaching a support line that has been tested in the past. Divergence opportunists may be very optimistic about a possible breakout and this may be the start […]
An emerging Rising Wedge has been detected on NAS100 on the 4 hour chart. There is a possible move towards 20697.0193 next few candles. Once reaching support it may continue its bullish run or reverse back to current price levels.
The price of EURUSD in heading in the direction of 1.0867. Despite the recent breakout through 1.0829 it is possible that it will struggle to gain momentum to the forecast price and move back in the other direction. This has happened many times in the past so watch for a possible bounce back.
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 72.1246 but consider reducing the size of your position as the price gets […]
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