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MARKET ANALYSIS

The breakout of NAS100 through the 21531.2891 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, NAS100 could test 21964.3867 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation of the breakout.

XAUUSD is approaching the support line of a Channel Down. It has touched this line numerous times in the last 9 days. If it tests this line again, it should do so in the next 2 days.

BTCUSD is approaching the resistance line of a Channel Down. It has touched this line numerous times in the last 4 days. If it tests this line again, it should do so in the next 21 hours.

S&P500 is moving towards a key resistance level at 5923.4502. This is a previously tested level for S&P500. This could be a good trading opportunity, either at the spot price, or after breaching this level.

EURUSD is heading towards the resistance line of a Rising Wedge and could reach this point within the next 2 days. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we […]

XAGUSD is moving towards a resistance line. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 3 days and may test it again within the next 5 hours.

LTCUSD is approaching a support line at 92.9100. If it hits the support line, it may break through this level to continue the bearish trend, or it may turn around back to current levels.

A strong support level has been identified at 143.8530 on the 30 Minutes USDJPY chart. USDJPY is likely to test it soon.