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MARKET ANALYSIS

BTCUSD is approaching a resistance line at 113610.0234. If it hits the resistance line, it may break through this level to continue the bullish trend, or it may turn around back to current levels.

BTCUSD is approaching a resistance line at 113610.0234. If it hits the resistance line, it may break through this level to continue the bullish trend, or it may turn around back to current levels.

XAUUSD is heading towards the support line of a Channel Down. If this movement continues, the price of XAUUSD could test 3300.9507 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.

EURUSD has broken through the support line which it has tested twice in the past. We have seen it retrace from this line before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target level of around 1.1578 may materialize within the next 2 days.

FTSE100 is heading towards the resistance line of a Rising Wedge and could reach this point within the next 11 hours. 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 […]

ETHUSD is moving towards a support line. Because we have seen it retrace from this level in the past, 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 12 days and may test it again within the next […]

GBPJPY is en route to a very important line that will be a definite deciding factor of what is to come! We may see this trajectory continue to touch and break through 200.0190, unless it runs out of momentum and pulls back to current levels.

XAGUSD has broken through a support line. It has touched this line numerous times in the last 4 days. This breakout shows a potential move to 37.2208 within the next 20 hours. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.