The price of USDJPY in heading back to the support area. It is possible that it will struggle to break through it and move back in the other direction. The price may eventually break through, but typically the price retreats from the level a number of times before doing so.
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.
NGC/USD is approaching the support line of a Channel Up. It has touched this line numerous times in the last 21 hours. If it tests this line again, it should do so in the next 5 hours.
FTSE100 is moving towards a key resistance level at 9470.7500. This is a previously tested level for FTSE100. This could be a good trading opportunity, either at the spot price, or after breaching this level.
EURUSD has broken through a line of 1.1636 and suggests a possible movement to 1.1675 within the next 2 days. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back […]
