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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.

Important price line being approached by XAUUSD. This price has been tested numerous times before.

XAUUSD is about to retest a key horizontal support level near 2860.0500. It has tested this level 3 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.

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FTSE100 experienced a very large 57 days bullish move to 8742.1

FTSE100 has moved higher by 8.43% from 8062.3 to 8742.1 in the last 57 days.

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BTCUSD is quickly approaching a very important level it has previously tested numerous times in the past

BTCUSD is moving towards a line of 95070.6016 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If BTCUSD continues in its current trajectory, we […]

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Important support line being approached by EURUSD. This price has been tested numerous time in the last 5 days

EURUSD was identified at around 1.04885 having recently rebounded of the resistance on the 30 Minutes data interval. Ultimately, the price action of the stock has formed a Channel Up pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 1.0452 level.

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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 […]

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GBPJPY broke through a resistance at 2025-02-14T10:00:00.000Z, with the price momentum continuing to move in an upward direction over the next hours, good opportunity presents itself with the price expected to reach 192.5310.

GBPJPY 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 2 days and suggests a possible target level to […]

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S&P500 – breach of a trending resistance line that has been tested at least twice before.

The breakout of S&P500 through the resistance line of a Triangle could be a sign of the road ahead. If this breakout persists, we may see the price of S&P500 testing 6134.0669 within the next 3 days.

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