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MARKET ANALYSIS

ETHUSD has breached the resistance line at 1843.4000. It may continue the bullish trend towards 1941.8719, or, it may prove to be yet another test of this level.

GBPJPY moved through the resistance line of a Triangle at 191.3827272727273 on the 1 hour chart. This line has been tested a number of times in the past and this breakout could mean an upcoming change from the current trend. It may continue in its current direction toward 192.8505.

ETHUSD has breached the resistance line at 1843.4000. It may continue the bullish trend towards 1941.8719, or, it may prove to be yet another test of this level.

An emerging Descending Triangle has been detected on NAS100 on the 4 hour chart. There is a possible move towards 19659.0749 next few candles. Once reaching resistance it may continue its bearish run or reverse back to current price levels.

BTCUSD is moving towards a key resistance level at 97720.0234. BTCUSD has previously tested this level 3 times and on each occasion it has bounced back off this level. Is this finally the time it will break through?

For those of you that don’t believe in trends, this may be an opportunity to take advantage of an exceptional 12.56% move on LTCUSD. The movement has happened over the last 2 days. For those trend followers among you, you may think about riding this possible trend.

BRN/USD is moving towards a key resistance level at 67.2300. This is a previously tested level for BRN/USD. This could be a good trading opportunity, either at the spot price, or after breaching this level.

EURUSD is moving towards a resistance line. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 5 days and may test it again within the next 7 hours.