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MARKET ANALYSIS

Because FTSE100 formed a Channel Up pattern, we expect it to touch the support line. If it breaks through support it may move much lower

FTSE100 is trapped in a Channel Up 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 8637.3486 is expected in the short term.

NGC/USD is heading toward a price it has tested 5 times recently.

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.

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Resistance line has been breached by LTCUSD. This price level has been tested at least twice before.

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.

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S&P500 is heading toward a price it has tested 5 times recently.

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 […]

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After repeatedly testing 157.1505, USDJPY has finally broken through. Can we expect a bearish trend to follow?

USDJPY has broken through a support line. Because it has previously retraced from this price, you should wait for confirmation of the breakout before trading. It has touched this line multiple times over the past 2 days, which suggests a possible target around 156.7770 within the next 7 hours.

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A breach of resistance could signal the start of a bullish trend for EURUSD.

EURUSD has broken through the resistance line, which it has tested twice before. We have seen it retrace from this line before, so wait for confirmation of the breakout before trading. If this new trend persists, a target level around 1.1654 may materialize within the next 6 hours.

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After repeatedly testing the support line, NAS100 is once again approaching it. Can we expect a bearish trend to emerge?

The movement of NAS100 toward the support line of a Falling Wedge is yet another test of the line it has reached numerous times in the past. This test of the line could occur within the next 2 days, but it is uncertain whether it will result in a breakout through this line or simply […]

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BRN/USD is signaling a possible trend reversal on intraday charts, as the price fails to breach support.

BRN/USD is moving toward a resistance line. Since it has retraced from this line before, we may see either a breakout through this line or a rebound to current levels. It has touched this line numerous times in the last 9 days and may test it again within the next 2 days.

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