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MARKET ANALYSIS

A Rising Wedge pattern was identified for BRN/USD at 69.774, suggesting it may move toward the support line at 69.1426. It may break through that line and continue the bearish trend, or reverse from it.

A Rising Wedge pattern was identified for BRN/USD at 69.774, suggesting it may move toward the support line at 69.1426. It may break through that line and continue the bearish trend, or reverse from it.

A strong resistance level has been identified at 2016.8300 on the 15 Minutes ETHUSD chart. ETHUSD is likely to test this level soon.

This trade setup on XAGUSD formed after a period of consolidation, during which the price moved mostly sideways before choosing a longer-term direction. Following the bearish breakout through support, the price could move toward 77.5370.

A movement of 4.71% over 18 hours on BTCUSD does not go unnoticed. You may want to consider where it is heading next: a continuation of the current downward trend or a reversal of the prior trend.

NAS100 is heading toward 25052.8320 and could reach this level within the next 2 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.

USDJPY is heading toward the resistance line of a Channel Down pattern and could reach it within the next 17 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 […]

A Falling Wedge pattern was identified for NGC/USD at 3.7565, suggesting it may move toward the support line at 3.5119. It may break through that line and continue the bearish trend, or reverse from it.