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MARKET ANALYSIS

Because ETHUSD formed a Triangle pattern, we expect it to touch the support line. If it breaks through support it may move much lower

ETHUSD is trapped in a Triangle 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 4267.3527 is expected in the short term.

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

NGC/USD is heading towards the resistance line of a Channel Down. If this movement continues, the price of NGC/USD could test 3.0375 within the next 16 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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Bulls aim for 115.6315 after the LTCUSD triggered a bearish formation on the 1 hour chart

LTCUSD has broken through a support line of a Triangle and suggests a possible movement to 115.6315 within the next 5 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 back […]

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Supports and resistances are primary concepts of technical analysis. XAGUSD is heading for an important price of 40.5306 – read about what this could mean for the future.

XAGUSD 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 10 days and may test it again within the next […]

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S&P500 is signaling a possible trend reversal on the intraday charts with price not breaching resistance.

S&P500 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 10 days and may test it again within the next 2 days.

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FTSE100 seems to be on its way to support – a possible opportunity?

FTSE100 is about to retest a key horizontal support level near 9120.0000. It has tested this level 4 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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A possible move on GBPJPY as it heads towards support

GBPJPY is heading towards the support line of a Head and Shoulders 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, […]

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Important resistance line being approached by XAUUSD. This price has been tested numerous time in the last 13 days

XAUUSD is moving towards a resistance 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 XAUUSD continues in its current trajectory, we could see it […]

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