S&P500 is heading towards 6194.8799 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, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
EURUSD is heading towards a line of 1.1812. If this movement continues, the price of EURUSD could test 1.1812 within the next 17 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.
FTSE100 has broken through 8814.3701 which it has tested numerous times in the past. We have seen it retrace from this price in the past. If this new trend persists, FTSE100 may be heading towards 8891.3789 within the next 3 days.
XAGUSD is once again retesting a key horizontal resistance level at 36.6419. It has tested this level 4 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.
XAUUSD has broken through a line of 3321.0149 and suggests a possible movement to 3281.5408 within the next 2 days. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back […]
ETHUSD 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 2649.3828 may materialize within the next 23 hours.
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