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MARKET ANALYSIS

Emerging Rising Wedge detected on NGC/USD – the pattern is an emerging one and has not yet broken through support, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 2.78 and it is expected to move to 2.8871.

GBPJPY is approaching the support line of a Rising Wedge. It has touched this line numerous times in the last

BRN/USD has broken through a support line. It has touched this line at least twice in the last 10 days.

The price of S&P500 in heading back to the resistance area. It is possible that it will struggle to break

FTSE100 has breached the support line at 8249.0996. It may continue the bearish trend towards 8199.2139, or, it may prove