FTSE100 has breached the resistance line at 8258.4297. It may continue the bullish trend towards 8508.9492, or, it may prove to be yet another test of this level.
FTSE100 has breached the resistance line at 8258.4297. It may continue the bullish trend towards 8508.9492, or, it may prove to be yet another test of this level.
S&P500 is approaching a support line at 5084.6201. If it hits the support line, it may break through this level to continue the bearish trend, or it may turn around back to current levels.
GBPJPY has broken through the support line which it has tested twice in the past. We have seen it retrace from this line before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target level of around 187.0907 may materialize within the next 3 days.
XAGUSD has experienced an extremely big movement in last 15 days. It may continue the trend, but this would make the move unprecedented in the recent past.
BTCUSD is moving towards a line of 86079.4688 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 BTCUSD continues in its current trajectory, we […]
FTSE100 is approaching the resistance line of a Rising Wedge. It has touched this line numerous times in the last 9 days. If it tests this line again, it should do so in the next 16 hours.
A movement of 4.99% over 22 days on USDJPY 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.
A Channel Up pattern was identified on XAUUSD at 3328.9805, creating an expectation that it may move to the resistance line at 3448.2418. It may break through that line and continue the bullish trend or it may reverse from that line.