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MARKET ANALYSIS

USDJPY is signaling a possible trend reversal on the intraday charts with price not breaching resistance.

USDJPY is trapped in a Channel Up formation, implying that a breakout is Imminent. This is a great trade-setup for both trend and swing traders. It is now approaching a resistance 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 145.5309 is expected in the short term.

Because EURUSD has formed a Channel Down pattern, we expect it to touch the resistance line. If it breaks through the resistance, it may move much higher.

EURUSD is heading toward the resistance line in a Channel Down pattern. If this move continues, the price of EURUSD could test 1.1901 within the next 21 hours. It has tested this line many times before, so the move could be short-lived and may rebound as it has before.

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A breach of 25412.2773 could signal the start of a bearish trend in NAS100.

NAS100 has broken through a support line. Because it has previously retraced from this price, you should wait for confirmation of the breakout before trading. It has touched this line multiple times over the past 19 days, which suggests a possible target around 24923.1621 within the next 3 days.

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Extreme movement detected for USDJPY. Check the chart to see what to do next.

USDJPY reached 154.752 after a 1.24% move spanning 2 days.

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Because LTCUSD has formed a Channel Down pattern, we expect it to touch the resistance line. If it breaks through the resistance, it may move much higher.

LTCUSD 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 LTCUSD continues on its current trajectory, it could reach 59.9073 within the next 2 days.

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After repeatedly testing the 10138.6699 level, FTSE100 is once again approaching it. Should we expect a bearish trend to follow?

FTSE100 is approaching a support line at 10138.6699. If it hits the support line, it may break through this level to continue the bearish trend, or it may return to current levels.

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Big bullish swing in NGC/USD – this may be one of its more notable moves in the latest session.

NGC/USD recorded an exceptional 10.43% move over the last 18 hours. Whether you follow trends or look for reversals, this move is hard to ignore.

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S&P500 is currently testing the 6946.9600 level. Will the breakout continue, or will it reverse?

S&P500 has broken through 6946.9600, which it has tested many times before. We have also seen it retrace from this level. If this new trend persists, S&P500 may be heading towards 6822.6382 within the next 3 days.

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