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MARKET ANALYSIS

After testing 8208.1201 numerous times, FTSE100 has finally broken through. Can we expect a bullish trend to follow?

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.

Supports and resistances are primary concepts of technical analysis. NAS100 is heading for an important price of 22606.0059 – read about what this could mean for the future.

The price of NAS100 in heading back to the support area. It is possible that it will struggle to break through it and move back in the other direction. The price may eventually break through, but typically the price retreats from the level a number of times before doing so.

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LTCUSD – approaching a resistance line that has been previously tested at least twice in the past

Emerging Channel Up pattern in its final wave was identified on the LTCUSD 30 Minutes chart. After a strong bullish run, we find LTCUSD heading towards the upper triangle line with a possible resistance at 98.8800. If the resistance shows to hold, the Channel Up pattern suggests a rebound back towards current levels.

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GBPJPY is approaching a resistance line of a Channel Up. It has touched this line numerous times in the last 10 days.

GBPJPY is moving towards a resistance line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If GBPJPY continues in its current trajectory, we could see it […]

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BTCUSD – It’s perhaps in these huge moves where the greatest opportunity lies

BTCUSD experienced an extremely large move that lasted 9. This movement is in the 98.0 percentile and is uncommon. It is not unusual to witness a pullback after such a big movement.

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S&P500 – approaching a support line that has been previously tested at least twice in the past

A Channel Up pattern was identified on S&P500 at 6278.43, creating an expectation that it may move to the support line at 6261.2861. It may break through that line and continue the bearish trend or it may reverse from that line.

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XAGUSD is currently testing a level of 36.9301. Will the breakout continue or will things reverse?

XAGUSD has broken through 36.9301 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, XAGUSD may be heading towards 37.4388 within the next 3 days.

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EURUSD is quickly approaching a very important level it has previously tested numerous times in the past

EURUSD is moving towards a key resistance level at 1.1790. EURUSD has previously tested this level 4 times and on each occasion it has bounced back off this level. Is this finally the time it will break through?

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