MARKET ANALYSIS

A strong resistance level has been identified at 33.8989 on the 30 Minutes XAGUSD chart. XAGUSD is likely to test it soon.

A strong support level has been identified at 1870.4301 on the 30 Minutes ETHUSD chart. ETHUSD is likely to test it soon.

The last 7 30 Minutes candles on XAUUSD formed a Head and Shoulders pattern and broken out through the pattern lines, indicating a possible bearish movement towards the price level of 3019.2536.

BTCUSD is approaching the support line of a Channel Up. It has touched this line numerous times in the last 9 days. If it tests this line again, it should do so in the next 2 days.

FTSE100 is about to retest a key horizontal resistance level near 8738.9004. It has tested this level 5 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.

NAS100 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 9 days and may test it again within the next […]

A strong resistance level has been identified at 33.8989 on the 30 Minutes XAGUSD chart. XAGUSD is likely to test it soon.

LTCUSD is moving towards a key resistance level at 94.5700. This is a previously tested level for LTCUSD. This could be a good trading opportunity, either at the spot price, or after breaching this level.