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MARKET ANALYSIS

BTCUSD is approaching a support line of a Channel Down. It has touched this line numerous times in the last 5 days.

BTCUSD is trapped in a Channel Down 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 118108.4600 is expected in the short term.

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

EURUSD is heading towards the resistance line of a Channel Down 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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BTCUSD is approaching a support line of a Channel Down. It has touched this line numerous times in the last 5 days.

BTCUSD is trapped in a Channel Down 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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S&P500 – approaching a price line that has been previously tested numerous times in the past

S&P500 is approaching a support line at 6715.0200. If it hits the support line, it may break through this level to continue the bearish trend, or it may turn around back to current levels.

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Because BRN/USD formed a Falling Wedge pattern, we expect it to touch the support line. If it breaks through support it may move much lower

BRN/USD 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 6 hours.

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GBPJPY – approaching a resistance line that has been previously tested at least twice in the past

GBPJPY is moving towards a resistance 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 23 hours and may test it again within the next 5 hours.

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XAUUSD moves lower to 3957.315 in the last 6 hours.

XAUUSD just posted a 1.5% move over the past 6 hours – a move that won’t go unnoticed by any trading style.

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NAS100 is quickly approaching the resistance line of a Channel Up. We expect either a breakout through this line or a rebound.

An emerging Channel Up has been detected on NAS100 on the 30 Minutes chart. There is a possible move towards 25312.2104 next few candles. Once reaching support it may continue its bullish run or reverse back to current price levels.

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