The price of S&P500 in heading in the direction of 6692.4102. Despite the recent breakout through 6668.2300 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.
LTCUSD has broken through a support line. Since it has previously retraced from this price, wait for confirmation of the breakout before trading. It has touched this line several times over the past 7 days. This suggests a possible target around 64.2160 within the next 2 days.
USDJPY has broken through a support line. Because it has previously retraced from this price, you should wait for confirmation of the breakout before trading. It has touched this line multiple times over the past 12 days, which suggests a possible target around 155.3263 within the next 3 days.
An emerging Channel Up pattern in its final wave has been identified on the XAUUSD 1 hour chart. After a strong bearish run, XAUUSD is heading toward the upper triangle trendline, with possible resistance at 4885.6165. If the support holds, the Channel Up pattern suggests a rebound toward current levels.
This trade setup on ETHUSD formed after a period of consolidation, during which the price moved mostly sideways before choosing a longer-term direction. Following the bullish breakout through resistance, the price could move toward 3083.1591.
S&P500 is moving toward a resistance line. Since it has retraced from this line before, we may see either a breakout through it or a rebound to current levels. It has touched this line multiple times in the past 4 days and may test it again within the next 21 hours.
An emerging Rising Wedge pattern has been detected for USDJPY on the 1 hour chart. There may be a move toward 159.1024 in the next few candles. Once it reaches the resistance, it may continue its bullish run or revert to current price levels.
Triangle pattern identified on GBPJPY has broken through a resistance level, with price momentum continuing to move upward. This presents a solid trading opportunity, with the price expected to reach 214.2830 in the next 2.
