EURUSD is moving toward a key resistance level at 1.1759. This level has been tested before for EURUSD. This may present a good trading opportunity either at the spot price or after a breakout through this level.
EURUSD is moving toward a key resistance level at 1.1759. This level has been tested before for EURUSD. This may present a good trading opportunity either at the spot price or after a breakout through this level.
The movement of S&P500 toward the resistance line of a Channel Up 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 2 days, but it is uncertain whether it will result in a breakout through this line or simply […]
XAUUSD is moving toward a support 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 XAUUSD continues on its current trajectory, it could reach 4485.0545 within the next 2 days.
LTCUSD has broken through 56.7700, which it has tested many times before. We have also seen it retrace from this level. If this new trend persists, LTCUSD may be heading towards 58.0920 within the next 3 days.
EURUSD 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 8 days and may test it again within the next 2 days.
BRN/USD has moved through the support line of a Rising Wedge pattern at 110.23942857142858 on the 4 hour chart. This line has been tested multiple times in the past, and this breakout could signal an upcoming change in the current trend. Price may continue in the current direction toward 106.8749.
FTSE100 is heading toward the support line in a Channel Down pattern. If this move continues, the price of FTSE100 could test 10247.1785 within the next 7 hours. It has tested this line many times before, so the move could be short-lived and may rebound as it has before.
A breakout of NGC/USD through the support line of a Triangle could signal what’s ahead. If the breakout persists, we may see NGC/USD’s price test 2.5133 within the next 13 hours.