ETHUSD hits 2447.5400 after a run of 4 consecutive daily candles spanning 5 days.

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MARKET ANALYSIS

October 2, 2024

ETHUSD hits 2447.5400 after a run of 4 consecutive daily candles spanning 5 days.

Due to the rate of consecutive bearish candles on ETHUSD Daily chart we could be in for a price correction. If not, this trend could be a sign of things to come

Crypto

Market Analysis

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

GBPJPY is approaching the resistance line of a Channel Down. It has touched this line numerous times in the last 6 days. If it tests this line again, it should do so in the next 21 hours.

Market Analysis

11.03.25

NAS100 – approaching a resistance line that has been previously tested at least twice in the past

NAS100 is moving towards a resistance line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If NAS100 continues in its current trajectory, we could see it […]

Market Analysis

11.03.25

Bulls aim for 31.5155 after the XAGUSD triggered a bearish formation on the 4 hour chart

The last 13 4 hour candles on XAGUSD formed a Triangle pattern and broken out through the pattern lines, indicating a possible bearish movement towards the price level of 31.5155.

Market Analysis

11.03.25

Rare set of bearish consecutive candles on the BTCUSD Daily chart. Can we expect a turn-around?

Trend followers are probably eagerly watching BTCUSD to see if its latest 5 consecutive candles continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 6 day move.

Market Analysis

10.03.25

A Channel Down has formed, BRN/USD is approaching resistance. Can we expect a breakout and the start of a new trend or a reversal?

BRN/USD is moving towards a support line. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 14 days and may test it again within the next 3 days.

Market Analysis

10.03.25

FTSE100 is signaling a possible trend reversal on the intraday charts with price not breaching resistance.

FTSE100 is moving towards a support line. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 15 days and may test it again within the next 2 days.

Market Analysis

10.03.25

After testing support twice in the past, EURUSD has finally broken through. Can we expect a bearish trend to follow?

EURUSD has broken through a support line of a Triangle chart pattern. If this breakout holds true, we may see the price of EURUSD testing 1.0810 within the next 8 hours. But don’t be so quick to trade, it has tested this line in the past, so you should confirm the breakout before taking any […]