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MARKET ANALYSIS

After testing the support line numerous times, NGC/USD is once again approaching this line. Can we expect a bearish trend to follow?

NGC/USD is trapped in a Falling Wedge formation, implying that a breakout is Imminent. This is a great trade-setup for both trend and swing traders. It is now approaching a resistance line that has been tested in the past. Divergence opportunists may be very optimistic about a possible breakout and this may be the start of a new trend. It may also be that this convergence factor may result in the ideal setup for swing traders that are on the lookout for a possible bounce-back. Whatever happens, an initial move towards 3.0907 is expected in the short term.

ETHUSD is approaching a resistance line of a Channel Down. It has touched this line numerous times in the last 3 days.

ETHUSD was identified at around 1581.45 having recently rebounded of the support on the 15 Minutes data interval. Ultimately, the price action of the stock has formed a Channel Down pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 1619.4099 level.

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A final push possible on S&P500 as it starts approaching a price line of 5516.8198.

S&P500 is moving towards a line of 5516.8198 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 S&P500 continues in its current trajectory, we […]

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EURUSD has broken through a level it has tested 3 times in the recent past.

The breakout of EURUSD through the 1.1370 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, EURUSD could test 1.1417 within the next 9 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout.

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Resistance line breached by NGC/USD. This price has been tested at least twice before.

NGC/USD has broken through a resistance line of a Channel Down chart pattern. If this breakout holds true, we may see the price of NGC/USD testing 3.3055 within the next 5 hours. But don’t be so quick to trade, it has tested this line in the past, so you should confirm the breakout before taking […]

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A Ascending Triangle has formed, XAGUSD is approaching support. Can we expect a breakout and the start of a new trend or a reversal?

XAGUSD was identified at around 32.353 having recently rebounded of the support on the 1 hour data interval. Ultimately, the price action of the stock has formed a Ascending Triangle pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 32.4463 level.

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FTSE100 – It’s perhaps in these huge moves where the greatest opportunity lies

An unexpected large move has occurred on FTSE100 1 hour chart beginning at 7947.04 and ending at 8252.5. Is this a sign of something new? What can we expect in the future?

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Interesting opportunity on GBPJPY after breaking 189.38645283018866

Inverse Head and Shoulders pattern identified on GBPJPY 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 190.9501 in the next 2.

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