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MARKET ANALYSIS

After testing the support line numerous times, NGC/USD is once again approaching this line. Can we expect a bearish trend to follow?

NGC/USD is trapped in a Falling 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 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 3.0907 is expected in the short term.

EURUSD is quickly approaching the support line of a Channel Down. We expect either a breakout through this line or a rebound.

EURUSD was identified at around 1.172335 having recently rebounded of the resistance on the 1 hour data interval. Ultimately, the price action of the stock has formed a Channel Down pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 1.1620 level.

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Breach of resistance could mean a start of a bullish trend on S&P500

S&P500 moved through the resistance line of a Triangle at 6258.341666666667 on the 30 Minutes chart. This line has been tested a number of times in the past and this breakout could mean an upcoming change from the current trend. It may continue in its current direction toward 6286.2379.

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After testing 144.6825 numerous times, USDJPY has finally broken through. Can we expect a bullish trend to follow?

The price of USDJPY in heading in the direction of 145.5714. Despite the recent breakout through 144.6825 it is possible that it will struggle to gain momentum to the forecast price and move back in the other direction. This has happened many times in the past so watch for a possible bounce back.

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NAS100 broke through a support at 2025-07-04T22:00:00.000Z, with the price momentum continuing to move in an downward direction over the next hours, good opportunity presents itself with the price expected to reach 22427.7359.

NAS100 has broken through a support line of a Rising Wedge and suggests a possible movement to 22427.7359 within the next 23 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement […]

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XAUUSD is signaling a possible trend reversal on the intraday charts with price not breaching support.

XAUUSD is heading towards the resistance line of a Rising Wedge and could reach this point within the next 2 days. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we […]

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FTSE100 is quickly approaching the resistance line of a Rising Wedge. We expect either a breakout through this line or a rebound.

The movement of FTSE100 towards the resistance line of a Rising Wedge is yet another test of the line it reached numerous times in the past. This line test could happen in the next 11 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to […]

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After trying numerous times in the past, BTCUSD finally breaks 108538.3594!

BTCUSD is once again retesting a key horizontal resistance level at 108538.3594. It has tested this level 5 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.

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