FTSE100 is moving towards a key resistance level at 8717.7002. FTSE100 has previously tested this level 5 times and on each occasion it has bounced back off this level. Is this finally the time it will break through?
LTCUSD is moving towards a support line. Because we have seen it retrace from this level in the past, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 5 days and may test it again within the next […]
This trade setup on GBPJPY is formed by a period of consolidation; a period in which the price primarily moves sideways before choosing a new direction for the longer term. Because of the bullish breakout through resistance, it seems to suggest that we could see the next price move to 196.1765.
The movement of XAGUSD towards the support line of a Falling Wedge is yet another test of the line it reached numerous times in the past. This line test could happen in the next 8 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to […]