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MARKET ANALYSIS

Emerging Triangle detected on USDJPY – 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 144.152 and it is expected to move to 144.9927.

Emerging Triangle detected on USDJPY – 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 144.152 and it is expected to move to 144.9927.

NAS100 is approaching a support line at 21432.2910. If it hits the support line, it may break through this level to continue the bearish trend, or it may turn around back to current levels.

GBPJPY is approaching a support line at 194.6980. If it hits the support line, it may break through this level to continue the bearish trend, or it may turn around back to current levels.

XAGUSD is heading towards the resistance line of a Triangle and could reach this point within the next 23 hours. 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 could […]

ETHUSD is moving towards a key support level at 2479.6001. ETHUSD has previously tested this level 7 times and on each occasion it has bounced back off this level. Is this finally the time it will break through?

Falling Wedge pattern identified on USDJPY 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 144.2859 in the next 9.

XAUUSD 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 […]