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MARKET ANALYSIS

XAGUSD is approaching a resistance line of a Channel Up. It has touched this line numerous times in the last 8 days.

XAGUSD 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 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 37.7605 is expected in the short term.

Supports and resistances are primary concepts of technical analysis. USDJPY is heading for an important price of 144.3275 – read about what this could mean for the future.

USDJPY is moving towards a key support level at 144.3275. This is a previously tested level for USDJPY. This could be a good trading opportunity, either at the spot price, or after breaching this level.

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

BTCUSD is heading towards the resistance line of a Channel Down. If this movement continues, the price of BTCUSD could test 103311.2990 within the next 2 days. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.

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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 Triangle. If this movement continues, the price of XAUUSD could test 3378.0585 within the next 2 days. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.

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A possible move on EURUSD as it heads towards support

EURUSD 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 […]

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

ETHUSD is moving towards a support line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If ETHUSD continues in its current trajectory, we could see it […]

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It’s time to make a decision on XAGUSD – its recent breach of 35.9149 could be a sign of a new trend to follow.

XAGUSD has breached the support line at 35.9149. It may continue the bearish trend towards 35.4664, or, it may prove to be yet another test of this level.

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

NGC/USD is heading towards the resistance line of a Channel Up. If this movement continues, the price of NGC/USD could test 4.1733 within the next 12 hours. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.

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