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MARKET ANALYSIS

NAS100 is moving towards a line of 21139.4063 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If NAS100 continues in its current trajectory, we may see it move towards 21139.4063 within the next 14 hours.

GBPJPY 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 GBPJPY continues on its current trajectory, it could reach 207.7151 within the next 3 days.

This trade setup on NGC/USD formed after a period of consolidation, during which the price moved mostly sideways before choosing a longer-term direction. Following the bearish breakout through support, the price could move toward 4.6522.

LTCUSD is trapped in a Rising Wedge formation, implying that a breakout is imminent. This is a strong trade setup for both trend and swing traders. It is now approaching a support line that has been tested before. Divergence watchers may be optimistic about a potential breakout, which could mark the start of a new […]

EURUSD has broken through a level at 1.1615, suggesting a possible move to 1.1675 within the next 4 days. It has tested this level numerous times in the past, so you should wait for confirmation of this breakout before taking any action. If the breakout does not confirm, we could see a retracement back to […]

S&P500 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 14 days and may test it again within the next 3 days.

After posting 4 consecutive bullish candles over 4 days, consider where XAGUSD may be headed next: a continuation of the current upward trend or a reversal.

USDJPY is moving toward a support line. Since it has retraced from this line before, we may see either a breakout through it or a rebound to current levels. It has touched this line multiple times in the past 18 days and may test it again within the next 2 days.