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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.

Interesting opportunity on S&P500 after breaking 6233.586785714286

S&P500 has broken through the resistance line of a Triangle technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 3 days and suggests a possible target level to […]

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A Channel Up has formed, LTCUSD is approaching support. Can we expect a breakout and the start of a new trend or a reversal?

LTCUSD 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 22 hours and may test it again within the next 5 hours.

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After trying numerous times in the past, USDJPY finally breaks 145.4435!

USDJPY has broken through a line of 145.4435. If this breakout holds true, we could see the price of USDJPY heading towards 147.3497 within the next 3 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so you should probably confirm the breakout before placing any […]

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Resistance line breached by NAS100. This price has been tested at least twice before.

Channel Down pattern identified on NAS100 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 22854.4524 in the next 16.

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Supports and resistances are primary concepts of technical analysis. NGC/USD is heading for an important price of 3.4945 – read about what this could mean for the future.

The movement of NGC/USD towards 3.4945 price line is yet another test of the line it reached numerous times in the past. We could expect this test to happen in the next 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.

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A possible move on FTSE100 as it heads towards support

FTSE100 is heading towards the support line of a Channel Up. If this movement continues, the price of FTSE100 could test 8755.7898 within the next 2 days. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.

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Breach of support could mean a start of a bearish trend on ETHUSD

The breakout of ETHUSD through the support line of a Triangle could be a sign of the road ahead. If this breakout persists, we may see the price of ETHUSD testing 2470.4852 within the next 2 days.

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