EURUSD has broken through the support line of a Rising Wedge pattern and suggests a possible move to 1.1784 within the next 20 hours. It has tested this line before, so it is prudent to wait for confirmation of the breakout before taking action. If the breakout is not confirmed, we could see a retracement back to levels seen over the last 6 days.
S&P500 has broken through 6756.2100, which it has tested many times before. We have also seen it retrace from this level. If this new trend persists, S&P500 may be heading towards 6730.6089 within the next 3 days.
ETHUSD is approaching a support line at 2052.8701. If it hits the support line, it may break through this level to continue the bearish trend, or it may return to current levels.
NGC/USD is moving toward a support line. Since it has retraced from this line before, we may see either a breakout through this line or a rebound to current levels. It has touched this line numerous times in the last 3 days and may test it again within the next 16 hours.
EURUSD is once again retesting a key horizontal resistance level at 1.1703. This level has been tested 4 times recently and could see another bounce, as it did last time. However, after so many attempts, it may be ready to start a new trend.
LTCUSD is moving toward a resistance line. Since it has retraced from this line before, we may see either a breakout through it or a rebound to current levels. It has touched this line multiple times in the past 3 days and may test it again within the next 19 hours.
BRN/USD is moving toward a level at 99.5720, which it has tested many times before. We have seen it retrace from this level before, so at this stage it isn’t clear whether it will break through this price or rebound again. If BRN/USD continues on its current trajectory, we may see it move toward 99.5720 […]
XAUUSD is trapped in a Rising Wedge formation, implying that a breakout is imminent. This is a strong trade setup for both trend and swing traders. It is now approaching a support line that has been tested before. Divergence watchers may be optimistic about a potential breakout, which could mark the start of a new […]
