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MARKET ANALYSIS

Because GBPJPY formed a Channel Up pattern, we expect it to touch the resistance line. If it breaks through resistance it may move much higher

GBPJPY 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 GBPJPY continues in its current trajectory, we could see it reach 200.1423 within the next 18 hours.

Supports and resistances are primary concepts of technical analysis. FTSE100 is heading for an important price of 9009.0596 – read about what this could mean for the future.

FTSE100 is moving towards a key resistance level at 9009.0596. This is a previously tested level for FTSE100. This could be a good trading opportunity, either at the spot price, or after breaching this level.

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

The movement of BRN/USD towards the support line of a Channel Down is yet another test of the line it reached numerous times in the past. This line test could 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 […]

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After testing the resistance line numerous times, FTSE100 is once again approaching this line. Can we expect a bullish trend to follow?

FTSE100 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 FTSE100 continues in its current trajectory, we could see it […]

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USDJPY – approaching a support line that has been previously tested at least twice in the past

USDJPY is heading towards the support line of a Triangle. If this movement continues, the price of USDJPY could test 147.6165 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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NGC/USD is quickly approaching the resistance line of a Rising Wedge. We expect either a breakout through this line or a rebound.

NGC/USD is trapped in a Rising Wedge formation, implying that a breakout is Imminent. This is a great trade-setup for both trend and swing traders. It is now approaching a support 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 – breach of price line that’s been previously tested numerous times before

A strong resistance level has been breached at 199.4810 on the 1 hour GBPJPY chart. Technical Analysis theory forecasts a movement to 199.9998 in the next 2 days.

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BRN/USD has broken through a level it has tested 7 times in the recent past.

BRN/USD is once again retesting a key horizontal resistance level at 69.6055. It has tested this level 7 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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