FTSE100 has broken through a support line of a Head and Shoulders chart pattern. If this breakout holds true, we may see the price of FTSE100 testing 9210.9375 within the next 10 hours. But don’t be so quick to trade, it has tested this line in the past, so you should confirm the breakout before […]
ETHUSD 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 ETHUSD continues in its current trajectory, we could see it […]
EURUSD is heading towards a line of 1.1710. If this movement continues, the price of EURUSD could test 1.1710 within the next 2 days. 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.
The movement of XAGUSD towards 37.6849 price line is yet another test of the line it reached numerous times in the past. We could expect this test to happen in the next 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.