Skip to content FTSE100 has broken through a support line. It has touched this line at least twice in the last 5 days. This breakout may indicate a potential move to 8082.5134 within the next 9 hours. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading.
Emerging Channel Down detected on NGC/USD – the pattern is an emerging one and has not yet broken through resistance, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 2.831 and it is expected to move to 2.6183.
Emerging Ascending Triangle pattern in its final wave was identified on the XAGUSD 1 hour chart. After a strong bullish run, we find XAGUSD heading towards the upper triangle line with a possible resistance at 55.0748. If the resistance shows to hold, the Ascending Triangle pattern suggests a rebound back towards current levels.
FTSE100 is heading towards 9455.8301 and could reach this point within the next 23 hours. 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.
A movement of 4.34% over 4 days on XAUUSD doesn’t go unnoticed. You may start considering where it’s heading next, a continuation of the current upward trend, or a reversal in the previous direction.
Triangle pattern identified on GBPJPY has broken through a support level with the price momentum continuing to move in an downward direction. A solid trading opportunity continues with the price expected to reach 200.3103 in the next 3.
BTCUSD just posted a 4.43% move over the past 16 hours – a move that won’t go unnoticed by any trading style.
S&P500 experienced an extremely large move that lasted 3. This ranks in the 98.0 percentile and is considered uncommon based on recent price data.
