The breakout of EURUSD through the 1.1586 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 1.1668 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation of the breakout.
S&P500 is approaching a resistance line at 6317.6602. If it hits the resistance line, it may break through this level to continue the bullish trend, or it may turn around back to current levels.
An emerging Channel Down has been detected on NGC/USD on the 4 hour chart. There is a possible move towards 2.8651 next few candles. Once reaching resistance it may continue its bearish run or reverse back to current price levels.
XAGUSD is moving towards a key resistance level at 37.2396. This is a previously tested level for XAGUSD. This could be a good trading opportunity, either at the spot price, or after breaching this level.
The price of LTCUSD in heading back to the support area. It is possible that it will struggle to break through it and move back in the other direction. The price may eventually break through, but typically the price retreats from the level a number of times before doing so.
A strong support level has been breached at 147.6935 on the 1 hour USDJPY chart. Technical Analysis theory forecasts a movement to 146.5455 in the next 3 days.
FTSE100 is approaching a support line at 8947.0098. If it hits the support line, it may break through this level to continue the bearish trend, or it may turn around back to current levels.
USDJPY is approaching the support line of a Channel Up. It has touched this line numerous times in the last 3 days. If it tests this line again, it should do so in the next 20 hours.
