Skip to content LTCUSD is heading towards 131.0700 and could reach this point within the next 5 hours. It has tested this line numerous times in the past, and this time could be no different, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
Those of you that are trend followers are probably eagerly watching FTSE100 to see if its latest 7.25% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 43 days move.
LTCUSD is heading towards 131.0700 and could reach this point within the next 5 hours. It has tested this line numerous times in the past, and this time could be no different, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
The breakout of EURUSD through the 1.0419 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, EURUSD could test 1.0384 within the next 11 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout.
NGC/USD is moving towards a support line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If NGC/USD continues in its current trajectory, we could see it […]
A movement of 4.62% over 2 days on ETHUSD doesn’t go unnoticed. You may start considering where it’s heading next, a continuation of the current upward trend, or a reversal in the previous direction.
NAS100 has broken through the resistance 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 21735.8786 may materialize within the next 22 hours.
USDJPY has broken through the resistance 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 155.6276 may materialize within the next 6 hours.
