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MARKET ANALYSIS

S&P500 is heading towards the resistance line of a Rising Wedge. If this movement continues, the price of S&P500 could test 6000.0988 within the next 7 hours. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.

LTCUSD is heading towards a line of 111.6800. If this movement continues, the price of LTCUSD could test 111.6800 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.

NAS100 has broken through a resistance line. It has touched this line numerous times in the last 20 days. This breakout shows a potential move to 22098.7656 within the next 3 days. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.

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 […]

S&P500 is heading towards the resistance line of a Rising Wedge. If this movement continues, the price of S&P500 could test 6000.0988 within the next 7 hours. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.

XAGUSD is moving towards a key support level at 29.3610. This is a previously tested level for XAGUSD. This could be a good trading opportunity, either at the spot price, or after breaching this level.

An emerging Rising Wedge has been detected on LTCUSD on the 30 Minutes chart. There is a possible move towards 108.5753 next few candles. Once reaching support it may continue its bullish run or reverse back to current price levels.

EURUSD is moving towards a key support level at 1.0343. This is a previously tested level for EURUSD. This could be a good trading opportunity, either at the spot price, or after breaching this level.