Skip to content The breakout of EURUSD through the 1.1370 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, EURUSD could test 1.1417 within the next 9 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout.
The price of USDJPY in heading in the direction of 145.5714. Despite the recent breakout through 144.6825 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.
NAS100 has broken through a support line of a Rising Wedge and suggests a possible movement to 22427.7359 within the next 23 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement […]
XAUUSD is heading towards the resistance line of a Rising Wedge and could reach this point within the next 2 days. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we […]
The movement of FTSE100 towards the resistance line of a Rising Wedge is yet another test of the line it reached numerous times in the past. This line test could happen in the next 11 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to […]
BTCUSD is once again retesting a key horizontal resistance level at 108538.3594. It has tested this level 5 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.
S&P500 is heading towards 6194.8799 and could reach this point within the next 2 days. It has tested this line numerous times in the past, and this time could be no different, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
A strong resistance level has been identified at 88.6100 on the 15 Minutes LTCUSD chart. LTCUSD is likely to test it soon.
