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MARKET ANALYSIS

BTCUSD has broken through a support line. Since it has previously retraced from this price, wait for confirmation of the breakout before trading. It has touched this line several times over the past 2 days. This suggests a possible target around 91051.9922 within the next 7 hours.

BRN/USD is moving toward a resistance line. Because it has retraced from this level in the past, we may see either a breakout through this line or a rebound to current levels. It has touched this line multiple times over the last 10 days and may test it again within the next 2 days.

The last 3 15 Minutes candles on ETHUSD have formed a Triangle pattern and broken out through the pattern lines, indicating a possible bearish movement toward the price level at 2284.8676.

LTCUSD is moving toward a support line. Since it has retraced from this line before, we may see either a breakout through it or a rebound to current levels. It has touched this line multiple times in the past 13 days and may test it again within the next 3 days.

FTSE100 is moving toward a support line. Since it has retraced from this line before, we may see either a breakout through it or a rebound to current levels. It has touched this line multiple times in the past 6 days and may test it again within the next 9 hours.

GBPJPY is heading toward the resistance line of a Channel Up pattern and could reach it within the next 10 hours. It has tested this line numerous times before, and this time may be no different, ending in a rebound instead of a breakout. If a breakout doesn’t occur, we could see a retracement back […]

An emerging Triangle pattern in its final wave has been identified on the S&P500 30 Minutes chart. After a strong bullish run, S&P500 is heading toward the upper triangle trendline, with possible resistance at 6719.5129. If the resistance holds, the Triangle pattern suggests a rebound toward current levels.