Skip to content You would be well advised to confirm the breakout that has just occurred – do you believe the move through resistance to be significant? Do you have confirming indicators that the price momentum will continue? If so, look for a target of 4064.8398 but consider reducing the size of your position as the price gets closer to that target.
FTSE100 has broken through a support line of a Channel Up and suggests a possible movement to 9684.9809 within the next 7 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement […]
BRN/USD is heading towards a line of 63.7660. If this movement continues, the price of BRN/USD could test 63.7660 within the next 3 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.
The movement of LTCUSD towards 95.7300 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.
GBPJPY has broken through 201.9750 which it has tested numerous times in the past. We have seen it retrace from this price in the past. If this new trend persists, GBPJPY may be heading towards 202.5424 within the next 9 hours.
XAGUSD is en route to a very important line that will be a definite deciding factor of what is to come! We may see this trajectory continue to touch and break through 46.8128, unless it runs out of momentum and pulls back to current levels.
A strong resistance level has been breached at 152.6145 on the 1 hour USDJPY chart. Technical Analysis theory forecasts a movement to 153.9097 in the next 3 days.
BTCUSD is moving towards a resistance line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If BTCUSD continues in its current trajectory, we could see it […]
