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MARKET ANALYSIS

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

ETHUSD is trapped in a Triangle 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 3023.9529 is expected in the short term.

After repeatedly testing the resistance line, GBPJPY is once again approaching it. Can we expect a bullish trend to emerge?

GBPJPY is heading toward the resistance line in a Ascending Triangle pattern. If this move continues, the price of GBPJPY could test 207.4282 within the next 2 days. It has tested this line many times before, so the move could be short-lived and may rebound as it has before.

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LTCUSD has formed a Triangle on the 4 hour chart. A retest of resistance is in sight.

The movement of LTCUSD toward the resistance line of a Triangle is yet another test of the line it has reached numerous times in the past. This test of the line could occur within the next 4 days, but it is uncertain whether it will result in a breakout through this line or simply rebound […]

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After testing support twice before, FTSE100 has finally broken through. Can we expect a bearish trend to follow?

A breakout of FTSE100 through the support line of a Triangle could signal what’s ahead. If the breakout persists, we may see FTSE100’s price test 9591.5231 within the next 2 days.

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An important price level is being approached by XAGUSD. This price level has been tested numerous times before.

XAGUSD is approaching a critical level that could be a key deciding factor for what comes next. We may see this trajectory continue to test and break through 57.8255, unless it loses momentum and pulls back to current levels.

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BRN/USD is approaching a resistance line that has been tested at least twice before

BRN/USD 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 3 days and may test it again within the next 12 hours.

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A Rising Wedge has formed, and NAS100 is approaching support. Should we expect a breakout and the start of a new trend, or a reversal?

NAS100 is moving toward a resistance line it has tested many times. It has retraced from this line before, so it’s unclear whether it will break through or rebound again. If NAS100 continues on its current trajectory, it could reach 25781.0429 within the next 5 hours.

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GBPJPY is approaching the resistance line of a Rising Wedge pattern. We anticipate either a breakout through this line or a rebound.

GBPJPY is heading toward the resistance line of a Rising Wedge 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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