LTCUSD is heading towards the support line of a Triangle. If this movement continues, the price of LTCUSD could test 89.4303 within the next 5 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.
NGC/USD has broken through a support line of a Channel Up chart pattern. If this breakout holds true, we may see the price of NGC/USD testing 4.2802 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 […]
USDJPY is heading towards 150.3020 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, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
Those of you that are trend followers are probably eagerly watching FTSE100 to see if its latest 3.73% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 10 days move.
EURUSD is heading towards the support line of a Channel Up. If this movement continues, the price of EURUSD could test 1.0846 within the next 10 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.
