The movement of EURUSD toward the resistance line of a Channel Down is yet another test of the line it has reached numerous times in the past. This test of the line could occur within the next 20 hours, but it is uncertain whether it will result in a breakout through this line or simply rebound to current levels.
FTSE100 is moving toward a resistance line it has tested many times. It has retraced from this line before, so it’s unclear whether it will break through or rebound again. If FTSE100 continues on its current trajectory, it could reach 10561.4969 within the next 19 hours.
XAGUSD is heading toward the support line of a Falling Wedge pattern and could reach it within the next 2 days. It has tested this line numerous times before, and this time may be no different, ending in a rebound instead of a breakout. If a breakout doesn’t occur, we could see a retracement back […]
A Falling Wedge pattern was identified for NGC/USD at 3.6205, suggesting it may move toward the support line at 3.2324. It may break through that line and continue the bearish trend, or reverse from it.
NAS100 is approaching a critical level that could be a key deciding factor for what comes next. We may see this trajectory continue to test and break through 24573.3750, unless it loses momentum and pulls back to current levels.
USDJPY is moving toward a support line. Because it has retraced from this level in the past, we may see either a breakout through this line or a rebound to current levels. It has touched this line multiple times over the last 17 days and may test it again within the next 3 days.
BTCUSD has broken through the resistance line of a Triangle technical chart pattern. Because it has retraced from this line in the past, you should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 15 days, suggesting a possible target level around 72868.7555 within the […]
USDJPY is heading toward 153.9560 and could reach this level within the next 3 days. It has tested this level numerous times in the past, and this time could be no different, ending in a rebound rather than a breakout. If a breakout does not occur, we may see a retracement back to current levels.
