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MARKET ANALYSIS

ETHUSD is moving towards a support 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 ETHUSD continues in its current trajectory, we could see it reach 2076.1199 within the next 9 hours.

ETHUSD is moving towards a support 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 ETHUSD continues in its current trajectory, we could see it […]

XAGUSD has breached the support line at 35.9149. It may continue the bearish trend towards 35.4664, or, it may prove to be yet another test of this level.

NGC/USD is heading towards the resistance line of a Channel Up. If this movement continues, the price of NGC/USD could test 4.1733 within the next 12 hours. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.

The last 11 4 hour candles on USDJPY formed a Ascending Triangle pattern and broken out through the pattern lines, indicating a possible bullish movement towards the price level of 146.5109.

BRN/USD is approaching a support line at 74.3240. If it hits the support line, it may break through this level to continue the bearish trend, or it may turn around back to current levels.

ETHUSD 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 9 days and may test it again within the next 2 days.

Emerging Falling Wedge pattern in its final wave was identified on the FTSE100 15 Minutes chart. After a strong bearish run, we find FTSE100 heading towards the upper triangle line with a possible resistance at 8778.4935. If the support shows to hold, the Falling Wedge pattern suggests a rebound back towards current levels.