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MARKET ANALYSIS

A possible move on FTSE100 as it heads towards support

FTSE100 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 resistance 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 9207.9500 is expected in the short term.

GBPJPY is signaling a possible trend reversal on intraday charts, as the price fails to breach support.

GBPJPY is moving toward a resistance line. Since it has retraced from this line before, we may see either a breakout through this line or a rebound to current levels. It has touched this line numerous times in the last 2 days and may test it again within the next 8 hours.

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XAUUSD recorded 7 consecutive daily bullish candles.

XAUUSD saw a large number of bullish candles that reached 4307.8300 over 9 days.

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XAGUSD is signaling a possible trend reversal on intraday charts, as the price fails to breach support.

XAGUSD is heading toward the resistance line of a Channel Up pattern and could reach it within the next 2 days. It has tested this line numerous times before, and this time may be no different, ending in a rebound instead of a breakout. If a breakout doesn’t occur, we could see a retracement back […]

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LTCUSD has broken through a level it has tested 3 times recently.

LTCUSD has broken through a level at 78.7800, suggesting a possible move to 76.8490 within the next 13 hours. It has tested this level numerous times in the past, so you should wait for confirmation of this breakout before taking any action. If the breakout does not confirm, we could see a retracement back to […]

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A Channel Down has formed, and ETHUSD is approaching support. Should we expect a breakout and the start of a new trend, or a reversal?

ETHUSD 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 10 days and may test it again within the next 2 days.

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After repeatedly testing the 4294.9048 level, XAUUSD is once again approaching it. Should we expect a bearish trend to follow?

XAUUSD is heading toward 4294.9048 and could reach this level within the next 10 hours. It has tested this level numerous times in the past, and this time could be no different, ending in a rebound rather than a breakout. If a breakout does not occur, we may see a retracement back to current levels.

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USDJPY is approaching a support line of a Channel Down. It has touched this line numerous times in the last 5 days.

USDJPY is trapped in a Channel Down 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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