Emerging Rising Wedge detected on GBPJPY – the pattern is an emerging one and has not yet broken through support, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 189.49 and it is expected to move to 190.4123.
BTCUSD is moving towards a key resistance level at 97046.2031. This is a previously tested level for BTCUSD. This could be a good trading opportunity, either at the spot price, or after breaching this level.
BRN/USD is en route to a very important line that will be a definite deciding factor of what is to come! We may see this trajectory continue to touch and break through 73.6755, unless it runs out of momentum and pulls back to current levels.
FTSE100 is once again retesting a key horizontal resistance level at 8791.4502. It has tested this level 3 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.
XAUUSD is heading towards the resistance line of a Channel Down. If this movement continues, the price of XAUUSD could test 2875.5631 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.
S&P500 is approaching the support line of a Channel Down. It has touched this line numerous times in the last 10 days. If it tests this line again, it should do so in the next 3 days.
