Skip to content USDJPY is heading towards a line of 147.3150. If this movement continues, the price of USDJPY could test 147.3150 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.
Those of you that are trend followers are probably eagerly watching EURUSD to see if its latest 5.16% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 21 days move.
BRN/USD is moving towards a key support level at 71.0305. BRN/USD has previously tested this level 6 times and on each occasion it has bounced back off this level. Is this finally the time it will break through?
A strong support level has been identified at 1870.4301 on the 30 Minutes ETHUSD chart. ETHUSD is likely to test it soon.
The last 7 30 Minutes candles on XAUUSD formed a Head and Shoulders pattern and broken out through the pattern lines, indicating a possible bearish movement towards the price level of 3019.2536.
BTCUSD is approaching the support line of a Channel Up. It has touched this line numerous times in the last 9 days. If it tests this line again, it should do so in the next 2 days.
FTSE100 is about to retest a key horizontal resistance level near 8738.9004. It has tested this level 5 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.
NAS100 is moving towards a support line. Because we have seen it retrace from this level in the past, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 9 days and may test it again within the next […]
