EURUSD is heading towards a line of 1.1385. If this movement continues, the price of EURUSD could test 1.1385 within the next 12 hours. 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.
USDJPY is approaching the resistance line of a Channel Down. It has touched this line numerous times in the last 20 days. If it tests this line again, it should do so in the next 3 days.
NAS100 experienced an extremely large move that lasted 3. This movement is in the 97.0 percentile and is uncommon. It is not unusual to witness a pullback after such a big movement.
ETHUSD is heading towards the resistance line of a Triangle and could reach this point within the next 2 days. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could […]
NGC/USD is moving towards a resistance line. Because we have seen it retrace from this line before, 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 5 days and may test it again within the next 2 days.
A movement of 4.81% over 17 days on EURUSD 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.
A strong resistance level has been identified at 5516.8198 on the 1 hour S&P500 chart. S&P500 is likely to test it soon.
A Channel Up pattern was identified on XAUUSD at 3227.4455, creating an expectation that it may move to the resistance line at 3278.1360. It may break through that line and continue the bullish trend or it may reverse from that line.
