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MARKET ANALYSIS

NAS100 is moving towards a support 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 NAS100 continues in its current trajectory, we could see it reach 21374.2656 within the next 2 days.

The price of BTCUSD in heading back to the support area. It is possible that it will struggle to break through it and move back in the other direction. The price may eventually break through, but typically the price retreats from the level a number of times before doing so.

EURUSD is moving towards a key support level at 1.0248. This is a previously tested level for EURUSD. This could be a good trading opportunity, either at the spot price, or after breaching this level.

NAS100 is moving towards a support 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 NAS100 continues in its current trajectory, we could see it […]

NGC/USD is moving towards a key support level at 3.6635. NGC/USD has previously tested this level 4 times and on each occasion it has bounced back off this level. Is this finally the time it will break through?

ETHUSD has broken through a line of 3366.9299. If this breakout holds true, we could see the price of ETHUSD heading towards 3549.2319 within the next 23 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so you should probably confirm the breakout before placing any […]

EURUSD is moving towards a line of 1.0236 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If EURUSD continues in its current trajectory, we […]

NAS100 is heading towards the support line of a Channel Down and could reach this point within the next 4 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 […]