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MARKET ANALYSIS

The movement of BRN/USD towards the 62.1120 price line is yet another test of a line it has reached numerous times in the past. We can expect this test to occur within the next 2 days, but it is uncertain whether it will result in a breakout through this line or simply rebound to current levels.

GBPJPY is moving toward a resistance line it has tested many times. It has retraced from this line before, so it’s unclear whether it will break through or rebound again. If GBPJPY continues on its current trajectory, it could reach 207.5227 within the next 2 days.

The movement of BRN/USD towards the 62.1120 price line is yet another test of a line it has reached numerous times in the past. We can expect this test to occur within the next 2 days, but it is uncertain whether it will result in a breakout through this line or simply rebound to current […]

BTCUSD is moving toward a level at 90651.3125, which it has tested many times before. We have seen it retrace from this level before, so at this stage it isn’t clear whether it will break through this price or rebound again. If BTCUSD continues on its current trajectory, we may see it move toward 90651.3125 […]

BTCUSD is heading toward 92450.9219 and could reach this level within the next 3 days. It has tested this level numerous times in the past, and this time could be no different, ending in a rebound rather than a breakout. If a breakout does not occur, we may see a retracement back to current levels.

NAS100 showed a long streak of consecutive bullish candles on the Daily chart.

EURUSD has breached the support line at 1.1573. It may continue the bearish trend toward 1.1512, or it may be yet another test of this level.

The movement of XAUUSD toward the resistance line of a Rising Wedge is yet another test of the line it has reached numerous times in the past. This test of the line could occur within the next 2 days, but it is uncertain whether it will result in a breakout through this line or simply […]