The price of EURUSD in heading in the direction of 1.0867. Despite the recent breakout through 1.0829 it is possible that it will struggle to gain momentum to the forecast price and move back in the other direction. This has happened many times in the past so watch for a possible bounce back.
An emerging Channel Up has been detected on BTCUSD on the 1 hour chart. There is a possible move towards 100884.2088 next few candles. Once reaching resistance it may continue its bearish run or reverse back to current price levels.
NGC/USD has broken through 3.7995 which it has tested numerous times in the past. We have seen it retrace from this price in the past. If this new trend persists, NGC/USD may be heading towards 3.6459 within the next 14 hours.
The breakout of USDJPY through the 157.9480 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, USDJPY could test 158.7472 within the next 3 days. One should always be cautious before placing a trade, wait for confirmation of the breakout.
ETHUSD is heading towards the resistance line of a Channel Up. If this movement continues, the price of ETHUSD could test 3892.1375 within the next 2 days. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.
A strong support level has been identified at 21399.8145 on the 30 Minutes NAS100 chart. NAS100 is likely to test it soon.
You would be well advised to confirm the breakout that has just occurred – do you believe the move through support to be significant? Do you have confirming indicators that the price momentum will continue? If so, look for a target of 8160.4777 but consider reducing the size of your position as the price gets […]
XAUUSD is heading towards the resistance line of a Channel Up and could reach this point within the next 2 days. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we […]
