Skip to content GBPJPY has broken through a resistance line of a Ascending Triangle chart pattern. If this breakout holds true, we may see the price of GBPJPY testing 196.7880 within the next 3 days. But don’t be so quick to trade, it has tested this line in the past, so you should confirm the breakout before taking any action.
The movement of S&P500 towards the resistance line of a Rising Wedge is yet another test of the line it reached numerous times in the past. This line test could happen in the next 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to […]
FTSE100 is heading towards the support line of a Head and Shoulders and could reach this point within the next 3 days. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, […]
GBPJPY is once again retesting a key horizontal support level at 197.1385. It has tested this level 4 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.
The price of BRN/USD in heading in the direction of 68.7792. Despite the recent breakout through 68.0015 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 price of NGC/USD in heading back to the support area. It is possible that it will struggle to break through it and move back in the other direction. The price may eventually break through, but typically the price retreats from the level a number of times before doing so.
The movement of ETHUSD towards 2409.5100 price line is yet another test of the line it reached numerous times in the past. We could expect this test to happen in the next 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.
EURUSD has experienced an exceptionally large amount of consecutive bullish candles to reach a price of 1.1727 in the last 8 days.
