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MARKET ANALYSIS

A Rising Wedge pattern was identified on S&P500 at 6122.97, creating an expectation that it may move to the resistance line at 6174.0556. It may break through that line and continue the bullish trend or it may reverse from that line.

EURUSD is approaching a resistance line at 1.1391. If it hits the resistance line, it may break through this level to continue the bullish trend, or it may turn around back to current levels.

NAS100 has broken through a line of 19225.2773. If this breakout holds true, we could see the price of NAS100 heading towards 20272.3184 within the next 2 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so you should probably confirm the breakout before placing any […]

For those of you that don’t believe in trends, this may be an opportunity to take advantage of an exceptional 14.76% move on XAGUSD. The movement has happened over the last 23 days. For those trend followers among you, you may think about riding this possible trend.

USDJPY has broken through 143.2840 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, USDJPY may be heading towards 144.5834 within the next 2 days.

BTCUSD has broken through a line of 94415.4219. If this breakout holds true, we could see the price of BTCUSD heading towards 94999.7969 within the next 7 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so you should probably confirm the breakout before placing any […]

XAUUSD is heading towards a line of 3345.4595. If this movement continues, the price of XAUUSD could test 3345.4595 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.

The breakout of FTSE100 through the support line of a Triangle could be a sign of the road ahead. If this breakout persists, we may see the price of FTSE100 testing 8347.5083 within the next 11 hours.