LTCUSD is about to retest a key horizontal resistance level near 82.0100. It has tested this level 5 times recently and may simply bounce off it, as it did last time. However, after so many attempts, it may be ready to start a new trend.
LTCUSD is about to retest a key horizontal resistance level near 82.0100. It has tested this level 5 times recently and may simply bounce off it, as it did last time. However, after so many attempts, it may be ready to start a new trend.
An emerging Rising Wedge pattern has been detected for GBPJPY on the 1 hour chart. There may be a move toward 212.2226 in the next few candles. Once it reaches the resistance, it may continue its bullish run or revert to current price levels.
ETHUSD has broken through 1992.7300, which it has tested many times before. We have also seen it retrace from this level. If this new trend persists, ETHUSD may be heading towards 2089.6680 within the next 2 days.
S&P500 has moved lower by 3.48% from 6842.53 to 6604.29 in the last 3 days.
A strong resistance level has been identified at 85.5195 on the 1 hour XAGUSD chart. XAGUSD is likely to test this level soon.
The price of EURUSD is heading back toward the resistance area. It may struggle to break through and could reverse direction. The price may eventually break through, but it typically retreats from the level several times before doing so.
The price of XAUUSD is heading back toward the resistance area. It may struggle to break through and could reverse direction. The price may eventually break through, but it typically retreats from the level several times before doing so.
LTCUSD is approaching the line at 51.4400. If this move continues, the price of LTCUSD could test 51.4400 within the next 2 days. But do not rush to trade. It has tested this line many times in the past, so the move could be short-lived and end in a rebound.