MARKET ANALYSIS

BTCUSD has broken through 94852.3672 which it has tested numerous times in the past. We have seen it retrace from this price in the past. If this new trend persists, BTCUSD may be heading towards 92637.2031 within the next 3 days.

BRN/USD moved through the resistance line of a Triangle at 67.55997435897437 on the 4 hour chart. This line has been tested a number of times in the past and this breakout could mean an upcoming change from the current trend. It may continue in its current direction toward 69.3832.

FTSE100 is approaching the support line of a Channel Up. It has touched this line numerous times in the last 11 days. If it tests this line again, it should do so in the next 14 hours.

Emerging Rising Wedge detected on XAGUSD – 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 42.72075 and it is expected to move to 42.8930.

ETHUSD has broken through a line of 4646.8701. If this breakout holds true, we could see the price of ETHUSD heading towards 4715.0781 within the next 14 hours. 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 […]

A Channel Up pattern was identified on GBPJPY at 200.3795, creating an expectation that it may move to the resistance line at 201.0890. It may break through that line and continue the bullish trend or it may reverse from that line.

A strong support level has been breached at 147.2330 on the 1 hour USDJPY chart. Technical Analysis theory forecasts a movement to 146.8306 in the next 20 hours.

NAS100 is approaching the resistance line of a Channel Up. It has touched this line numerous times in the last 5 days. If it tests this line again, it should do so in the next 20 hours.