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.
BTCUSD has breached the resistance line at 80386.3203. It may continue the bullish trend towards 83678.8828, or, it may prove to be yet another test of this level.
BRN/USD is heading towards 65.5450 and could reach this point within the next 13 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.
LTCUSD has broken through a resistance line of a Channel Down and suggests a possible movement to 75.0830 within the next 6 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement […]
NGC/USD is heading towards the support line of a Channel Down. If this movement continues, the price of NGC/USD could test 3.0452 within the next 2 days. 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 trapped in a Descending Triangle formation, implying that a breakout is Imminent. This is a great trade-setup for both trend and swing traders. It is now approaching a resistance line that has been tested in the past. Divergence opportunists may be very optimistic about a possible breakout and this may be the start […]
S&P500 dropped sharply for 14 days – which is an excessively big movement for this instrument; exceeding the 98% of past price moves. Even if this move is a sign of a new trend in S&P500 there is a chance that we will witness a correction, no matter how brief.
EURUSD is en route to a very important line that will be a definite deciding factor of what is to come! We may see this trajectory continue to touch and break through 1.1099, unless it runs out of momentum and pulls back to current levels.
