FTSE100 is heading towards 8510.9004 and could reach this point within the next 17 hours. 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.
An emerging Rectangle has been detected on S&P500 on the 4 hour chart. There is a possible move towards 6119.4550 next few candles. Once reaching support it may continue its bullish run or reverse back to current price levels.
GBPJPY is approaching the support line of a Falling Wedge. It has touched this line numerous times in the last 4 days. If it tests this line again, it should do so in the next 9 hours.
NAS100 has moved lower by 3.96% from 21793.6081 to 20929.8791 in the last 3 days.
A movement of 1.91% over 3 days on EURUSD doesn’t go unnoticed. You may start considering where it’s heading next, a continuation of the current downward trend, or a reversal in the previous direction.
XAGUSD has moved lower by 2.55% from 31.663 to 30.855 in the last 3 days.
A movement of 4.98% over 2 days on BTCUSD doesn’t go unnoticed. You may start considering where it’s heading next, a continuation of the current downward trend, or a reversal in the previous direction.
USDJPY is moving towards a line of 156.1170 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If USDJPY continues in its current trajectory, we […]
