FTSE100 has broken through the resistance line of a Channel Down technical chart pattern. Because we have seen it retrace
GBPJPY is approaching the resistance line of a Channel Up. It has touched this line numerous times in the last 18 days. If it tests this line again, it should do so in the next 3 days.
The price of EURUSD in heading in the direction of 1.0783. Despite the recent breakout through 1.0811 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.
The movement of LTCUSD towards the resistance line of a Channel Down is yet another test of the line it reached numerous times in the past. This line test could happen in the next 3 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to […]
NGC/USD has experienced an extremely big movement in last 9 hours. It may continue the trend, but this would make the move unprecedented in the recent past.
S&P500 has broken through a support line of a Channel Up and suggests a possible movement to 5790.5433 within the next 11 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement […]
NGC/USD is heading towards the support line of a Channel Up. If this movement continues, the price of NGC/USD could test 2.3908 within the next 7 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.
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