The price of ETHUSD in heading back to the support area. It is possible that it will struggle to break through it and move back in the other direction. The price may eventually break through, but typically the price retreats from the level a number of times before doing so.
ETHUSD is heading towards a line of 3385.3000. If this movement continues, the price of ETHUSD could test 3385.3000 within the next 3 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding.
EURUSD hits 1.04675 after a 1.98% move spanning 15 days.
The price of NGC/USD in heading in the direction of 3.4972. Despite the recent breakout through 3.7345 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.
S&P500 is moving towards a line of 5958.9800 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 S&P500 continues in its current trajectory, we […]
BRN/USD is heading towards the support line of a Falling Wedge. If this movement continues, the price of BRN/USD could test 76.9828 within the next 18 hours. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.
USDJPY is moving towards a resistance line. Because we have seen it retrace from this level in the past, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 8 days and may test it again within the next […]
FTSE100 hits 8550.9 after a 6.06% move spanning 36 days.
