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MARKET ANALYSIS

BTCUSD is approaching a support line that has been tested at least twice before

BTCUSD is trapped in a Falling Wedge formation, implying that a breakout is imminent. This is a strong trade setup for both trend and swing traders. It is now approaching a resistance line that has been tested before. Divergence watchers may be optimistic about a potential breakout, which could mark the start of a new trend. This confluence could also create an ideal setup for swing traders looking for a potential bounce. Whatever happens, an initial move toward 71665.2872 is expected in the short term.

A breach of 25412.2773 could signal the start of a bearish trend in NAS100.

NAS100 has broken through a support line. Because it has previously retraced from this price, you should wait for confirmation of the breakout before trading. It has touched this line multiple times over the past 19 days, which suggests a possible target around 24923.1621 within the next 3 days.

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Extreme movement detected for USDJPY. Check the chart to see what to do next.

USDJPY reached 154.752 after a 1.24% move spanning 2 days.

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

LTCUSD is moving toward a resistance line it has tested many times. It has retraced from this line before, so it’s unclear whether it will break through or rebound again. If LTCUSD continues on its current trajectory, it could reach 59.9073 within the next 2 days.

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After repeatedly testing the 10138.6699 level, FTSE100 is once again approaching it. Should we expect a bearish trend to follow?

FTSE100 is approaching a support line at 10138.6699. If it hits the support line, it may break through this level to continue the bearish trend, or it may return to current levels.

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Big bullish swing in NGC/USD – this may be one of its more notable moves in the latest session.

NGC/USD recorded an exceptional 10.43% move over the last 18 hours. Whether you follow trends or look for reversals, this move is hard to ignore.

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S&P500 is currently testing the 6946.9600 level. Will the breakout continue, or will it reverse?

S&P500 has broken through 6946.9600, which it has tested many times before. We have also seen it retrace from this level. If this new trend persists, S&P500 may be heading towards 6822.6382 within the next 3 days.

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A breach of 5066.8848 could signal the start of a bearish trend in XAUUSD.

The price of XAUUSD is heading toward 4833.3403. Despite the recent breakout through 5066.8848, it may struggle to gain momentum to reach the forecast price and could move back in the other direction. This has happened many times in the past, so watch for a possible bounce back.

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