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An unexpected large move has occurred on UK100 Daily chart! Is this a sign of something new? What can we expect?

UK100 rose sharply for 23 days – which is an excessively big movement for this instrument; exceeding the 98% of past price moves. Even if this move is a sign of a new trend in UK100 there is a chance that we will witness a correction, no matter how brief.

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We expect a $1380 movement on NZDUSD within the next 48 hours.

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Supports and resistances are primary concepts of technical analysis. AUD/USD is heading for an important price of 0.6610 – read about what this could mean for the future.

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