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MARKET ANALYSIS

A possible move on NGC/USD as it heads towards resistance

NGC/USD is trapped in a Rising Wedge formation, implying that a breakout is Imminent. This is a great trade-setup for both trend and swing traders. It is now approaching a support line that has been tested in the past. Divergence opportunists may be very optimistic about a possible breakout and this may be the start of a new trend. It may also be that this convergence factor may result in the ideal setup for swing traders that are on the lookout for a possible bounce-back. Whatever happens, an initial move towards 4.8121 is expected in the short term.

EURUSD appears to be approaching support—a potential opportunity?

EURUSD 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 1.1587, unless it loses momentum and pulls back to current levels.

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Bulls aim for 5051.3372 after XAUUSD triggered a bearish formation on the 15 Minutes chart.

XAUUSD has broken through the support line of a Triangle pattern and suggests a possible move to 5051.3372 within the next 16 hours. It has tested this line before, so it is prudent to wait for confirmation of the breakout before taking action. If the breakout is not confirmed, we could see a retracement back […]

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After numerous attempts, NAS100 finally breaks through 25087.2480!

A strong resistance level has been breached at 25087.2480 on the 1 hour NAS100 chart. Technical analysis forecasts a move to 25431.5938 within the next 2 days.

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An important resistance line is being approached by BRN/USD. This price has been tested numerous times in the last 3 days

BRN/USD is moving toward a resistance line it has tested many times. It has retraced from this line before, so it’s unclear whether it will break through or rebound again. If BRN/USD continues on its current trajectory, it could reach 84.0085 within the next 10 hours.

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NGC/USD is heading toward a price it has tested 5 times recently.

NGC/USD is moving toward a key support level at 2.9395. This level has been tested before for NGC/USD. This may present a good trading opportunity either at the spot price or after a breakout through this level.

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Resistance line has been breached by LTCUSD. This price level has been tested at least twice before.

Ascending Triangle pattern identified on LTCUSD has broken through a resistance level, with price momentum continuing to move upward. This presents a solid trading opportunity, with the price expected to reach 57.3057 in the next 23.

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S&P500 is heading toward a price it has tested 5 times recently.

S&P500 is moving toward a level at 6912.7402, which it has tested many times before. We have seen it retrace from this level before, so at this stage it isn’t clear whether it will break through this price or rebound again. If S&P500 continues on its current trajectory, we may see it move toward 6912.7402 […]

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