Descending Triangle pattern identified on FTSE100 has broken through a support level with the price momentum continuing to move in an downward direction. A solid trading opportunity continues with the price expected to reach 8289.2557 in the next 13.
The last 13 1 hour candles on NGC/USD formed a Triangle pattern and broken out through the pattern lines, indicating a possible bullish movement towards the price level of 3.9132.
The breakout of ETHUSD through the 3319.9700 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, ETHUSD could test 3268.3191 within the next 3 days. One should always be cautious before placing a trade, wait for confirmation of the breakout.
A strong support level has been identified at 8188.6899 on the 1 hour FTSE100 chart. FTSE100 is likely to test it soon.
XAGUSD is heading towards a line of 30.1850. If this movement continues, the price of XAGUSD could test 30.1850 within the next 9 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.
S&P500 has breached the support line at 5927.2500. It may continue the bearish trend towards 5852.2500, or, it may prove to be yet another test of this level.
GBPJPY was identified at around 197.724 having recently rebounded of the resistance on the 1 hour data interval. Ultimately, the price action of the stock has formed a Channel Up pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 196.8275 level.
The breakout of BRN/USD through the 76.5885 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, BRN/USD could test 77.4415 within the next 12 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout.
