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MARKET ANALYSIS

EURUSD is approaching a resistance line that has been tested at least twice before

EURUSD is trapped in a Channel Down formation, implying that a breakout is imminent. This is a strong trade setup for both trend and swing traders. It is now approaching a support 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 1.1639 is expected in the short term.

An important resistance line is being approached by USDJPY. This price has been tested numerous times in the last 14 days

USDJPY is heading toward the resistance line of a Channel Up pattern and could reach it within the next 2 days. It has tested this line numerous times before, and this time may be no different, ending in a rebound instead of a breakout. If a breakout doesn’t occur, we could see a retracement back […]

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XAGUSD appears to be approaching support—a potential opportunity?

XAGUSD is moving toward a key support level at 77.1916. This level has been tested before for XAGUSD. This may present a good trading opportunity either at the spot price or after a breakout through this level.

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ETHUSD is quickly approaching an important level it has tested many times before.

ETHUSD is heading toward 1960.8500 and could reach this level within the next 3 days. It has tested this level numerous times in the past, and this time could be no different, ending in a rebound rather than a breakout. If a breakout does not occur, we may see a retracement back to current levels.

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FTSE100 appears to be approaching support—a potential opportunity?

FTSE100 is heading toward 10378.5498 and could reach this level within the next 2 days. It has tested this level numerous times in the past, and this time could be no different, ending in a rebound rather than a breakout. If a breakout does not occur, we may see a retracement back to current levels.

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EURUSD appears to be approaching support—a potential opportunity?

EURUSD is approaching a critical level that could be a key deciding factor for what comes next. We may see this trajectory continue to test and break through 1.1587, unless it loses momentum and pulls back to current levels.

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Bulls aim for 5051.3372 after XAUUSD triggered a bearish formation on the 15 Minutes chart.

XAUUSD has broken through the support line of a Triangle pattern and suggests a possible move to 5051.3372 within the next 16 hours. It has tested this line before, so it is prudent to wait for confirmation of the breakout before taking action. If the breakout is not confirmed, we could see a retracement back […]

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After numerous attempts, NAS100 finally breaks through 25087.2480!

A strong resistance level has been breached at 25087.2480 on the 1 hour NAS100 chart. Technical analysis forecasts a move to 25431.5938 within the next 2 days.

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