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MARKET ANALYSIS

A possible move on EURUSD as it heads towards resistance

EURUSD 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 1.0538 is expected in the short term.

A possible move on EURUSD as it heads towards resistance

EURUSD 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 […]

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After testing resistance twice in the past, LTCUSD has finally broken through. Can we expect a bullish trend to follow?

Pennant pattern identified on LTCUSD has broken through a resistance level with the price momentum continuing to move in an upward direction. A solid trading opportunity continues with the price expected to reach 131.4997 in the next 12.

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Because FTSE100 formed a Pennant pattern, we expect it to touch the resistance line. If it breaks through resistance it may move much higher

FTSE100 is moving towards a resistance line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If FTSE100 continues in its current trajectory, we could see it […]

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NGC/USD is signaling a possible trend reversal on the intraday charts with price not breaching resistance.

NGC/USD is approaching the support line of a Channel Up. It has touched this line numerous times in the last 2 days. If it tests this line again, it should do so in the next 5 hours.

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A Channel Down has formed, GBPJPY is approaching resistance. Can we expect a breakout and the start of a new trend or a reversal?

GBPJPY is heading towards the support line of a Channel Down and could reach this point within the next 2 days. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we […]

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A possible move on XAUUSD as it heads towards resistance

XAUUSD is heading towards the resistance line of a Channel Up and could reach this point within the next 2 days. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we […]

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Because ETHUSD formed a Channel Down pattern, we expect it to touch the support line. If it breaks through support it may move much lower

A Channel Down pattern was identified on ETHUSD at 3253.31, creating an expectation that it may move to the support line at 3001.6918. It may break through that line and continue the bearish trend or it may reverse from that line.

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