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MARKET ANALYSIS

BTCUSD is about to retest a key horizontal support level near 122113.6172. It has tested this level 4 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.

BTCUSD is about to retest a key horizontal support level near 122113.6172. It has tested this level 4 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.

A strong resistance level has been identified at 66.1425 on the 30 Minutes BRN/USD chart. BRN/USD is likely to test it soon.

GBPJPY has moved higher by 1.44% from 198.0755 to 200.9225 in the last 3 days.

NGC/USD is heading towards 3.2395 and could reach this point within the next 16 hours. It has tested this line numerous times in the past, and this time could be no different, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.

Emerging Rising Wedge detected on S&P500 – 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 6752.12 and it is expected to move to 6796.5730.

Emerging Rising Wedge detected on ETHUSD – 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 4721.14 and it is expected to move to 4804.6722.

FTSE100 is heading towards the resistance line of a Rising Wedge and could reach this point within the next 12 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we […]