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MARKET ANALYSIS

FTSE100 has broken through a support line. It has touched this line numerous times in the last 23 days. This breakout shows a potential move to 8522.5400 within the next 2 days. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.

EURUSD is approaching a critical level that could be a key deciding factor for what comes next. We may see this trajectory continue to test and break through 1.1587, unless it loses momentum and pulls back to current levels.

XAUUSD has broken through the support line of a Triangle pattern and suggests a possible move to 5051.3372 within the next 16 hours. It has tested this line before, so it is prudent to wait for confirmation of the breakout before taking action. If the breakout is not confirmed, we could see a retracement back […]

A strong resistance level has been breached at 25087.2480 on the 1 hour NAS100 chart. Technical analysis forecasts a move to 25431.5938 within the next 2 days.

BRN/USD 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 BRN/USD continues on its current trajectory, it could reach 84.0085 within the next 10 hours.

NGC/USD is moving toward a key support level at 2.9395. This level has been tested before for NGC/USD. This may present a good trading opportunity either at the spot price or after a breakout through this level.

Ascending Triangle pattern identified on LTCUSD has broken through a resistance level, with price momentum continuing to move upward. This presents a solid trading opportunity, with the price expected to reach 57.3057 in the next 23.

S&P500 is moving toward a level at 6912.7402, which it has tested many times before. We have seen it retrace from this level before, so at this stage it isn’t clear whether it will break through this price or rebound again. If S&P500 continues on its current trajectory, we may see it move toward 6912.7402 […]