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MARKET ANALYSIS

FTSE100 – approaching a resistance line that has been previously tested at least twice in the past

FTSE100 is trapped in a Channel Up formation, implying that a breakout is Imminent. This is a great trade-setup for both trend and swing traders. It is now approaching a support 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 8452.0889 is expected in the short term.

Supports and resistances are primary concepts of technical analysis. BTCUSD is heading for an important price of 93748.5078 – read about what this could mean for the future.

BTCUSD is en route to a very important line that will be a definite deciding factor of what is to come! We may see this trajectory continue to touch and break through 93748.5078, unless it runs out of momentum and pulls back to current levels.

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FTSE100 keeps moving closer towards 8188.6899. Will it finally breach this level?

FTSE100 is moving towards a support line. Because we have seen it retrace from this level in the past, 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 25 days and may test it again within the next […]

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XAUUSD – approaching a support line that has been previously tested at least twice in the past

Emerging Channel Up detected on XAUUSD – the pattern is an emerging one and has not yet broken through resistance, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 2689.0 and it is expected to move to 2681.7511.

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If EURUSD touches 1.0324 it may be time to take action.

A strong resistance level has been identified at 1.0324 on the 30 Minutes EURUSD chart. EURUSD is likely to test it soon.

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ETHUSD heading towards a price it has tested 5 times in the recent past.

The price of ETHUSD in heading back to the resistance area. It is possible that it will struggle to break through it and move back in the other direction. The price may eventually break through, but typically the price retreats from the level a number of times before doing so.

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BRN/USD – approaching a price line that has been previously tested numerous times in the past

A strong resistance level has been identified at 77.6745 on the 30 Minutes BRN/USD chart. BRN/USD is likely to test it soon.

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NAS100 heading towards a price it has tested 7 times in the recent past.

NAS100 is moving towards a key resistance level at 21230.7598. This is a previously tested level for NAS100. This could be a good trading opportunity, either at the spot price, or after breaching this level.

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