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MARKET ANALYSIS

EURUSD is signaling a possible trend reversal on the intraday charts with price not breaching support.

EURUSD is trapped in a Ascending Triangle formation, implying that a breakout is Imminent. This is a great trade-setup for both trend and swing traders. It is now approaching a support line that has been tested in the past. Divergence opportunists may be very optimistic about a possible breakout and this may be the start of a new trend. It may also be that this convergence factor may result in the ideal setup for swing traders that are on the lookout for a possible bounce-back. Whatever happens, an initial move towards 1.0529 is expected in the short term.

A Channel Up has formed, LTCUSD is approaching support. Can we expect a breakout and the start of a new trend or a reversal?

LTCUSD is moving towards a resistance 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 22 hours and may test it again within the next 5 hours.

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After trying numerous times in the past, USDJPY finally breaks 145.4435!

USDJPY has broken through a line of 145.4435. If this breakout holds true, we could see the price of USDJPY heading towards 147.3497 within the next 3 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so you should probably confirm the breakout before placing any […]

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Resistance line breached by NAS100. This price has been tested at least twice before.

Channel Down pattern identified on NAS100 has broken through a resistance level with the price momentum continuing to move in an upward direction. A solid trading opportunity continues with the price expected to reach 22854.4524 in the next 16.

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Supports and resistances are primary concepts of technical analysis. NGC/USD is heading for an important price of 3.4945 – read about what this could mean for the future.

The movement of NGC/USD towards 3.4945 price line is yet another test of the line it reached numerous times in the past. We could expect this test to happen in the next 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.

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A possible move on FTSE100 as it heads towards support

FTSE100 is heading towards the support line of a Channel Up. If this movement continues, the price of FTSE100 could test 8755.7898 within the next 2 days. 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.

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Breach of support could mean a start of a bearish trend on ETHUSD

The breakout of ETHUSD through the support line of a Triangle could be a sign of the road ahead. If this breakout persists, we may see the price of ETHUSD testing 2470.4852 within the next 2 days.

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A Rising Wedge has formed, XAUUSD is approaching support. Can we expect a breakout and the start of a new trend or a reversal?

An emerging Rising Wedge has been detected on XAUUSD on the 4 hour chart. There is a possible move towards 3380.8507 next few candles. Once reaching support it may continue its bullish run or reverse back to current price levels.

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