The movement of FTSE100 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 15 hours, but it is uncertain whether it will result in a breakout through this line or simply rebound to current levels.
XAUUSD 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 17 days and may test it again within the next 3 days.
FTSE100 recorded an exceptional 3.04% move over the last 6 days. Whether you follow trends or look for reversals, this move is hard to ignore.
GBPJPY is once again retesting a key horizontal resistance level at 209.3365. This level has been tested 3 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.
BRN/USD just posted a 5.34% move over the past 2 days—a move unlikely to go unnoticed by any trading style.
A strong support level has been breached at 1.1805 on the 1 hour EURUSD chart. Technical analysis forecasts a move to 1.1745 within the next 2 days.
LTCUSD is trapped in a Falling 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 resistance line that has been tested before. Divergence watchers may be optimistic about a potential breakout, which could mark the start of a new […]
S&P500 is heading toward 6982.0000 and could reach this level within the next 2 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.
