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MARKET ANALYSIS

BRN/USD is moving towards a line of 67.7885 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 BRN/USD continues in its current trajectory, we may see it move towards 67.7885 within the next 2 days.

BRN/USD is moving towards a line of 67.7885 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 BRN/USD continues in its current trajectory, we […]

BTCUSD is approaching a resistance line at 116365.9922. If it hits the resistance line, it may break through this level to continue the bullish trend, or it may turn around back to current levels.

An emerging Triangle has been detected on USDJPY on the 15 Minutes chart. There is a possible move towards 147.9978 next few candles. Once reaching support it may continue its bullish run or reverse back to current price levels.

A Rising Wedge pattern was identified on S&P500 at 6629.82, creating an expectation that it may move to the resistance line at 6647.5525. It may break through that line and continue the bullish trend or it may reverse from that line.

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.