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MARKET ANALYSIS

EURUSD has broken through a line of 1.1636 and suggests a possible movement to 1.1675 within the next 2 days. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 8 days.

FTSE100 is moving towards a key resistance level at 9470.7500. 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.

EURUSD has broken through a line of 1.1636 and suggests a possible movement to 1.1675 within the next 2 days. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back […]

BRN/USD is trapped in a Falling 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 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 […]

BTCUSD is heading towards a line of 111580.5313. If this movement continues, the price of BTCUSD could test 111580.5313 within the next 16 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding.

S&P500 experienced an extremely large move that lasted 3. This ranks in the 98.0 percentile and is considered uncommon based on recent price data.

XAUUSD 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 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 […]

A Flag pattern was identified on GBPJPY at 202.3395, creating an expectation that it may move to the resistance line at 202.8129. It may break through that line and continue the bullish trend or it may reverse from that line.