The movement of S&P500 towards 5586.6802 price line is yet another test of the line it reached numerous times in the past. We could expect this test to happen in the next 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.
Emerging Ascending Triangle detected on EURUSD – the pattern is an emerging one and has not yet broken through support, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 1.09133 and it is expected to move to 1.0959.
XAUUSD is approaching the resistance line of a Channel Up. It has touched this line numerous times in the last 8 days. If it tests this line again, it should do so in the next 23 hours.
FTSE100 is moving towards a line of 8738.9004 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 FTSE100 continues in its current trajectory, we […]
The price of BTCUSD in heading in the direction of 87130.4766. Despite the recent breakout through 84688.8203 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.
GBPJPY moved through the support line of a Triangle at 194.11339999999998 on the 1 hour chart. This line has been tested a number of times in the past and this breakout could mean an upcoming change from the current trend. It may continue in its current direction toward 192.9295.
NAS100 is heading towards the support line of a Channel Up 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 […]
