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MARKET ANALYSIS

The movement of FTSE100 toward the support line of a Falling Wedge is yet another test of the line it has reached numerous times in the past. This test of the line could occur within the next 12 hours, but it is uncertain whether it will result in a breakout through this line or simply rebound to current levels.

The movement of FTSE100 toward the support line of a Falling Wedge is yet another test of the line it has reached numerous times in the past. This test of the line could occur within the next 12 hours, but it is uncertain whether it will result in a breakout through this line or simply […]

LTCUSD is approaching the line at 55.1300. If this move continues, the price of LTCUSD could test 55.1300 within the next 2 days. But do not rush to trade. It has tested this line many times in the past, so the move could be short-lived and end in a rebound.

GBPJPY is about to retest a key horizontal resistance level near 212.7880. It has tested this level 4 times recently and may simply bounce off it, as it did last time. However, after so many attempts, it may be ready to start a new trend.

BTCUSD is moving toward a resistance line. Because it has retraced from this level in the past, we may see either a breakout through this line or a rebound to current levels. It has touched this line multiple times over the last 8 days and may test it again within the next 2 days.

NAS100 is moving toward a resistance line. Since it has retraced from this line before, we may see either a breakout through this line or a rebound to current levels. It has touched this line numerous times in the last 12 days and may test it again within the next 3 days.

Falling Wedge pattern identified on ETHUSD has broken through a resistance level, with price momentum continuing to move upward. This presents a solid trading opportunity, with the price expected to reach 2189.2889 in the next 7.

The movement of BRN/USD towards the 99.6420 price line is yet another test of a line it has reached numerous times in the past. We can expect this test to occur within the next 2 days, but it is uncertain whether it will result in a breakout through this line or simply rebound to current […]