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MARKET ANALYSIS

Emerging Triangle detected on ETHUSD – the pattern is an emerging one and has not yet broken through support, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 1643.32 and it is expected to move to 1649.3335.

EURUSD is heading toward the resistance line in a Channel Down pattern. If this move continues, the price of EURUSD could test 1.1901 within the next 21 hours. It has tested this line many times before, so the move could be short-lived and may rebound as it has before.

NAS100 has broken through a support line. Because it has previously retraced from this price, you should wait for confirmation of the breakout before trading. It has touched this line multiple times over the past 19 days, which suggests a possible target around 24923.1621 within the next 3 days.

LTCUSD 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 LTCUSD continues on its current trajectory, it could reach 59.9073 within the next 2 days.

FTSE100 is approaching a support line at 10138.6699. If it hits the support line, it may break through this level to continue the bearish trend, or it may return to current levels.

NGC/USD recorded an exceptional 10.43% move over the last 18 hours. Whether you follow trends or look for reversals, this move is hard to ignore.

S&P500 has broken through 6946.9600, which it has tested many times before. We have also seen it retrace from this level. If this new trend persists, S&P500 may be heading towards 6822.6382 within the next 3 days.