EURUSD has broken through a resistance line. It has touched this line at least twice in the last 3 days. This breakout may indicate a potential move to 1.0340 within the next 6 hours. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading.
A strong support level has been identified at 21399.8145 on the 30 Minutes NAS100 chart. NAS100 is likely to test it soon.
You would be well advised to confirm the breakout that has just occurred – do you believe the move through support to be significant? Do you have confirming indicators that the price momentum will continue? If so, look for a target of 8160.4777 but consider reducing the size of your position as the price gets […]
XAUUSD is heading towards the resistance 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 […]
XAGUSD is heading towards a line of 29.9010. If this movement continues, the price of XAGUSD could test 29.9010 within the next 2 days. 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.
BRN/USD has broken through the support 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 75.8243 may materialize within the next 17 hours.
EURUSD has experienced an exceptionally large amount of consecutive bearish candles to reach a price of 1.0305 in the last 8 days.
LTCUSD has broken through a line of 111.6800. If this breakout holds true, we could see the price of LTCUSD heading towards 120.4630 within the next 2 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so you should probably confirm the breakout before placing any […]
