A strong support level has been breached at 3.3335 on the 1 hour NGC/USD chart. Technical Analysis theory forecasts a movement to 3.1971 in the next 2 days.
A strong support level has been breached at 3.3335 on the 1 hour NGC/USD chart. Technical Analysis theory forecasts a movement to 3.1971 in the next 2 days.
LTCUSD has broken through 56.7700, which it has tested many times before. We have also seen it retrace from this level. If this new trend persists, LTCUSD may be heading towards 58.0920 within the next 3 days.
EURUSD is moving toward a support line. Since it has retraced from this line before, we may see either a breakout through this line or a rebound to current levels. It has touched this line numerous times in the last 8 days and may test it again within the next 2 days.
BRN/USD has moved through the support line of a Rising Wedge pattern at 110.23942857142858 on the 4 hour chart. This line has been tested multiple times in the past, and this breakout could signal an upcoming change in the current trend. Price may continue in the current direction toward 106.8749.
FTSE100 is heading toward the support line in a Channel Down pattern. If this move continues, the price of FTSE100 could test 10247.1785 within the next 7 hours. It has tested this line many times before, so the move could be short-lived and may rebound as it has before.
A breakout of NGC/USD through the support line of a Triangle could signal what’s ahead. If the breakout persists, we may see NGC/USD’s price test 2.5133 within the next 13 hours.
A strong resistance level has been breached at 159.6405 on the 4 hour USDJPY chart. Technical analysis forecasts a move to 160.3227 within the next 1 day.
An emerging Channel Down pattern in its final wave has been identified on the XAGUSD 4 hour chart. After a strong bearish run, XAGUSD is heading toward the upper triangle trendline, with possible resistance at 71.0623. If the support holds, the Channel Down pattern suggests a rebound toward current levels.