MARKET ANALYSIS

NAS100 has experienced an exceptionally large amount of consecutive bearish candles to reach a price of 19908.1463 in the last 2 days.

Falling Wedge pattern identified on NAS100 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 19938.9961 in the next 14.

ETHUSD has broken through 1977.9700 which it has tested numerous times in the past. We have seen it retrace from this price in the past. If this new trend persists, ETHUSD may be heading towards 1899.5320 within the next 2 days.

A Rising Wedge pattern was identified on USDJPY at 151.0935, creating an expectation that it may move to the resistance line at 151.8567. It may break through that line and continue the bullish trend or it may reverse from that line.

NGC/USD has broken through a resistance line of a Falling Wedge chart pattern. If this breakout holds true, we may see the price of NGC/USD testing 3.9929 within the next 2 days. But don’t be so quick to trade, it has tested this line in the past, so you should confirm the breakout before taking […]

A strong support level has been identified at 5590.8799 on the 1 hour S&P500 chart. S&P500 is likely to test it soon.

A strong resistance level has been breached at 3038.3750 on the 4 hour XAUUSD chart. Technical Analysis theory forecasts a movement to 3070.7734 in the next day.

FTSE100 is moving towards a key resistance level at 8717.7002. FTSE100 has previously tested this level 5 times and on each occasion it has bounced back off this level. Is this finally the time it will break through?