The movement of FTSE100 towards the resistance line of a Channel Up is yet another test of the line it reached numerous times in the past. This line test could happen in the next 5 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to […]
The movement of EURUSD towards 1.0338 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 Triangle pattern in its final wave was identified on the S&P500 1 hour chart. After a strong bearish run, we find S&P500 heading towards the upper triangle line with a possible resistance at 6040.5204. If the support shows to hold, the Triangle pattern suggests a rebound back towards current levels.
FTSE100 rose sharply for 5 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 FTSE100 there is a chance that we will witness a correction, no matter how brief.
The online trading boom that started during the pandemic-led lockdowns is abating. This is in part due to sustained market
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