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MARKET ANALYSIS

Those of you that are trend followers are probably eagerly watching NAS100 to see if its latest 3.62% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 2 days move.

Emerging Channel Up detected on BRN/USD – the pattern is an emerging one and has not yet broken through support,

Channel Down pattern identified on LTCUSD has broken through a resistance level with the price momentum continuing to move in

You would be well advised to confirm the breakout that has just occurred – do you believe the move through

Emerging Falling Wedge detected on XAGUSD – the pattern is an emerging one and has not yet broken through resistance,

The movement of GBPJPY towards the resistance line of a Inverse Head and Shoulders is yet another test of the