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MARKET ANALYSIS

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 trading.

An emerging Channel Up pattern in its final wave has been identified on the XAGUSD 1 hour chart. After a strong bearish run, XAGUSD is heading toward the upper triangle trendline, with possible resistance at 88.1277. If the support holds, the Channel Up pattern suggests a rebound toward current levels.

LTCUSD has broken through the support line of a Descending Triangle technical chart pattern. Because it has retraced from this line in the past, you should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 2 days, suggesting a possible target level around 74.5781 within […]

GBPJPY recorded an exceptional 1.21% move over the last 4 days. Whether you follow trends or look for reversals, this move is hard to ignore.

An emerging Channel Up pattern has been detected for S&P500 on the 30 Minutes chart. There may be a move toward 6932.1902 in the next few candles. Once it reaches the support, it may continue its bearish run or revert to current price levels.

NAS100 is moving toward a resistance line. Since it has retraced from this line before, we may see either a breakout through it or a rebound to current levels. It has touched this line multiple times in the past 13 days and may test it again within the next 2 days.

BRN/USD is moving toward a resistance line. Since it has retraced from this line before, we may see either a breakout through it or a rebound to current levels. It has touched this line multiple times in the past 8 days and may test it again within the next 21 hours.

ETHUSD is approaching a critical level that could be a key deciding factor for what comes next. We may see this trajectory continue to test and break through 3152.2700, unless it loses momentum and pulls back to current levels.