NAS100 is moving toward a level at 25705.0566, which it has tested many times before. We have seen it retrace from this level before, so at this stage it isn’t clear whether it will break through this price or rebound again. If NAS100 continues on its current trajectory, we may see it move toward 25705.0566 within the next 13 hours.
XAGUSD 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 XAGUSD continues on its current trajectory, it could reach 80.2846 within the next 9 hours.
BTCUSD is heading toward the support line in a Channel Up pattern. If this move continues, the price of BTCUSD could test 93159.8538 within the next 22 hours. It has tested this line many times before, so the move could be short-lived and may rebound as it has before.
FTSE100 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 21 days and may test it again within the next 20 hours.
The price of GBPJPY is heading toward 210.2092. Despite the recent breakout through 210.7190, it may struggle to gain momentum to reach the forecast price and could move back in the other direction. This has happened many times in the past, so watch for a possible bounce back.
NAS100 is moving toward a key resistance level at 25578.7988. This level has been tested before for NAS100. This may present a good trading opportunity either at the spot price or after a breakout through this level.
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 10 days and may test it again within the next 2 days.
S&P500 recorded an unusual number of bullish candles on the 4 hour timeframe.
