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MARKET ANALYSIS

The price of FTSE100 in heading in the direction of 8258.4414. Despite the recent breakout through 8208.1201 it is possible that it will struggle to gain momentum to the forecast price and move back in the other direction. This has happened many times in the past so watch for a possible bounce back.

Emerging Channel Up detected on BRN/USD – the pattern is an emerging one and has not yet broken through support,

Channel Down pattern identified on LTCUSD has broken through a resistance level with the price momentum continuing to move in

You would be well advised to confirm the breakout that has just occurred – do you believe the move through

Emerging Falling Wedge detected on XAGUSD – the pattern is an emerging one and has not yet broken through resistance,

The movement of GBPJPY towards the resistance line of a Inverse Head and Shoulders is yet another test of the

NAS100 has broken through a resistance line. Because we have seen it retrace from this price in the past, one