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MARKET ANALYSIS

A Channel Up has formed, and USDJPY is approaching resistance. Should we expect a breakout and the start of a new trend, or a reversal?

USDJPY is trapped in a Channel Up formation, implying that a breakout is imminent. This is a strong trade setup for both trend and swing traders. It is now approaching a resistance line that has been tested before. Divergence watchers may be optimistic about a potential breakout, which could mark the start of a new trend. This confluence could also create an ideal setup for swing traders looking for a potential bounce. Whatever happens, an initial move toward 154.2505 is expected in the short term.

A Channel Up has formed, and USDJPY is approaching resistance. Should we expect a breakout and the start of a new trend, or a reversal?

USDJPY is trapped in a Channel Up formation, implying that a breakout is imminent. This is a strong trade setup for both trend and swing traders. It is now approaching a resistance line that has been tested before. Divergence watchers may be optimistic about a potential breakout, which could mark the start of a new […]

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A Rising Wedge has formed, and XAUUSD is approaching support. Should we expect a breakout and the start of a new trend, or a reversal?

XAUUSD is moving toward a resistance line. Since it has retraced from this line before, we may see either a breakout through it or a rebound to current levels. It has touched this line multiple times in the past 17 days and may test it again within the next 3 days.

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FTSE100 moves higher to 10710.05 in the last 6 days.

FTSE100 recorded an exceptional 3.04% move over the last 6 days. Whether you follow trends or look for reversals, this move is hard to ignore.

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GBPJPY is currently testing the 209.3365 level. Will the breakout continue, or will it reverse?

GBPJPY is once again retesting a key horizontal resistance level at 209.3365. This level has been tested 3 times recently and could see another bounce, as it did last time. However, after so many attempts, it may be ready to start a new trend.

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An unexpectedly large move occurred on the BRN/USD 1 hour chart. The shift stands out in recent activity.

BRN/USD just posted a 5.34% move over the past 2 days—a move unlikely to go unnoticed by any trading style.

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A breach of 1.1805 could signal the start of a bearish trend in EURUSD.

A strong support level has been breached at 1.1805 on the 1 hour EURUSD chart. Technical analysis forecasts a move to 1.1745 within the next 2 days.

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An important support line is being approached by LTCUSD. This price has been tested numerous times in the last 3 days

LTCUSD is trapped in a Falling Wedge formation, implying that a breakout is imminent. This is a strong trade setup for both trend and swing traders. It is now approaching a resistance line that has been tested before. Divergence watchers may be optimistic about a potential breakout, which could mark the start of a new […]

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