The breakout of BRN/USD through the 76.3575 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 77.5864 within the next 3 days. One should always be cautious before placing a trade, wait for confirmation of the breakout.
The price of S&P500 in heading in the direction of 6117.2632. Despite the recent breakout through 6135.3701 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.
USDJPY is moving towards a line of 152.3910 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If USDJPY continues in its current trajectory, we […]
FTSE100 is about to retest a key horizontal support level near 8727.8203. 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.
NGC/USD has broken through the support line of a Channel Up technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 26 days and suggests a possible target level […]
LTCUSD is moving towards a support line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If LTCUSD continues in its current trajectory, we could see it […]
