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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.

S&P500 is quickly approaching the resistance line of a Channel Down. We expect either a breakout through this line or a rebound.

S&P500 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 S&P500 continues in its current trajectory, we could see it […]

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USDJPY recorded 6 consecutive daily bullish candles.

Rare candle sequence recorded on the USDJPY Daily chart, ending at 154.2120.

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LTCUSD is approaching a support line of a Channel Down. It has touched this line numerous times in the last 2 days.

LTCUSD is moving towards a support 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 2 days and may test it again within the next 11 hours.

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After testing 25751.4219 numerous times, NAS100 has finally broken through. Can we expect a bearish trend to follow?

NAS100 has broken through a support line. Because we have seen it retrace from this price in the past, one should wait for confirmation of the breakout before trading. It has touched this line numerous times in the last 8 days and suggests a possible target level to be around 25550.7305 within the next 2 […]

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If NGC/USD touches 3.7795 it may be time to take action.

NGC/USD is moving towards a key support level at 3.7795. This is a previously tested level for NGC/USD. This could be a good trading opportunity, either at the spot price, or after breaching this level.

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After testing the resistance line numerous times, BRN/USD is once again approaching this line. Can we expect a bullish trend to follow?

Emerging Rising Wedge detected on BRN/USD – the pattern is an emerging one and has not yet broken through support, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 65.6865 and it is expected to move to 66.1253.

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EURUSD is approaching a support line of a Falling Wedge. It has touched this line numerous times in the last 6 days.

EURUSD is moving towards a support 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 6 days and may test it again within the next 19 hours.

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