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MARKET ANALYSIS

LTCUSD was identified at around 101.83 having recently rebounded of the resistance on the 30 Minutes data interval. Ultimately, the price action of the stock has formed a Channel Down pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 90.7303 level.

You would be well advised to confirm the breakout that has just occurred – do you believe the move through resistance to be significant? Do you have confirming indicators that the price momentum will continue? If so, look for a target of 5810.7398 but consider reducing the size of your position as the price gets […]

LTCUSD was identified at around 101.83 having recently rebounded of the resistance on the 30 Minutes data interval. Ultimately, the price action of the stock has formed a Channel Down pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 90.7303 level.

NGC/USD has broken through a line of 4.3090 and suggests a possible movement to 4.2140 within the next 10 hours. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back […]

BTCUSD was identified at around 87818.33 having recently rebounded of the resistance on the 4 hour data interval. Ultimately, the price action of the stock has formed a Triangle pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 84370.5690 level.

EURUSD has moved higher by 3.96% from 1.03761 to 1.07874 in the last 8 days.

NAS100 is heading towards the resistance line of a Falling Wedge. If this movement continues, the price of NAS100 could test 20316.5039 within the next 2 days. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.

GBPJPY 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 188.1610, unless it runs out of momentum and pulls back to current levels.