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MARKET ANALYSIS

A strong support level has been identified at 122.8600 on the 30 Minutes LTCUSD chart. LTCUSD is likely to test it soon.

LTCUSD is moving towards a support line. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 2 days and may test it again within the next 11 hours.

NAS100 has broken through a support line. Because we have seen it retrace from this price in the past, one should wait for confirmation of the breakout before trading. It has touched this line numerous times in the last 8 days and suggests a possible target level to be around 25550.7305 within the next 2 […]

NGC/USD is moving towards a key support level at 3.7795. This is a previously tested level for NGC/USD. This could be a good trading opportunity, either at the spot price, or after breaching this level.

Emerging Rising Wedge detected on BRN/USD – the pattern is an emerging one and has not yet broken through support, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 65.6865 and it is expected to move to 66.1253.

EURUSD is moving towards a support line. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 6 days and may test it again within the next 19 hours.

USDJPY is moving towards a support line. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 19 days and may test it again within the next 2 days.

The breakout of NAS100 through the support line of a Triangle could be a sign of the road ahead. If this breakout persists, we may see the price of NAS100 testing 25445.6219 within the next 2 days.