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Supports and resistances are primary concepts of technical analysis. USDJPY is heading for an important price of 153.6290 – read about what this could mean for the future.

USDJPY is moving towards a key support level at 153.6290. USDJPY has previously tested this level 4 times and on each occasion it has bounced back off this level. Is this finally the time it will break through?

If you’re short NGC/USD you should be aware of the rapidly approaching level of 2.8285

NGC/USD is moving towards a line of 2.8285 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 NGC/USD continues in its current trajectory, we […]

Support line breached by BTCUSD. This price has been tested at least twice before.

The last 12 1 hour candles on BTCUSD formed a Triangle pattern and broken out through the pattern lines, indicating a possible bearish movement towards the price level of 87226.9147.

Because EURUSD formed a Channel Down pattern, we expect it to touch the support line. If it breaks through support it may move much lower

EURUSD is heading towards the support line of a Channel Down. If this movement continues, the price of EURUSD could test 1.0394 within the next 3 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.

FTSE100 is quickly approaching a very important level it has previously tested numerous times in the past

FTSE100 is moving towards a key resistance level at 8101.2998. FTSE100 has previously tested this level 3 times and on each occasion it has bounced back off this level. Is this finally the time it will break through?

Is the extremely large movement on S&P500 a sign of things to come?

A movement of 1.25% over 21 hours on S&P500 doesn’t go unnoticed. You may start considering where it’s heading next, a continuation of the current downward trend, or a reversal in the previous direction.

BRN/USD keeps moving closer towards 72.7960. Will it finally breach this level?

BRN/USD is moving towards a key resistance level at 72.7960. BRN/USD has previously tested this level 3 times and on each occasion it has bounced back off this level. Is this finally the time it will break through?

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