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MARKET ANALYSIS

Emerging Ascending Triangle pattern in its final wave was identified on the ETHUSD 4 hour chart. After a strong bullish run, we find ETHUSD heading towards the upper triangle line with a possible resistance at 1693.7896. If the resistance shows to hold, the Ascending Triangle pattern suggests a rebound back towards current levels.

BTCUSD is heading toward 92450.9219 and could reach this level within the next 3 days. It has tested this level numerous times in the past, and this time could be no different, ending in a rebound rather than a breakout. If a breakout does not occur, we may see a retracement back to current levels.

NAS100 showed a long streak of consecutive bullish candles on the Daily chart.

EURUSD has breached the support line at 1.1573. It may continue the bearish trend toward 1.1512, or it may be yet another test of this level.

The movement of XAUUSD toward the resistance line of a Rising Wedge is yet another test of the line it has reached numerous times in the past. This test of the line could occur within the next 2 days, but it is uncertain whether it will result in a breakout through this line or simply […]

XAGUSD has broken through a resistance line. Since it has previously retraced from this price, wait for confirmation of the breakout before trading. It has touched this line several times over the past 16 days. This suggests a possible target around 55.7579 within the next 3 days.

ETHUSD is approaching a resistance line at 3037.8201. If it hits the resistance line, it may break through this level to continue the bullish trend, or it may return to current levels.

BRN/USD has breached the resistance line at 63.3005. It may continue the bullish trend toward 63.9627, or it may be yet another test of this level.