S&P500 is moving towards a line of 5881.0898 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 S&P500 continues in its current trajectory, we may see it move towards 5881.0898 within the next 19 hours.
Emerging Channel Down detected on BRN/USD – the pattern is an emerging one and has not yet broken through support, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 70.1825 and it is expected to move to 71.2242.
Those of you that are trend followers are probably eagerly watching FTSE100 to see if its latest 2.03% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 2 days move.
The last 3 1 hour candles on USDJPY formed a Triangle pattern and broken out through the pattern lines, indicating a possible bearish movement towards the price level of 147.5667.
A Ascending Triangle pattern was identified on BTCUSD at 90465.84, creating an expectation that it may move to the resistance line at 94254.8397. It may break through that line and continue the bullish trend or it may reverse from that line.
The last 3 30 Minutes candles on NGC/USD formed a Triangle pattern and broken out through the pattern lines, indicating a possible bearish movement towards the price level of 4.3422.
EURUSD has moved higher by 1.81% from 1.06183 to 1.08103 in the last 2 days.
S&P500 is moving towards a line of 5881.0898 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 S&P500 continues in its current trajectory, we […]
