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MARKET ANALYSIS

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

FTSE100 is trapped in a Channel Up formation, implying that a breakout is Imminent. This is a great trade-setup for both trend and swing traders. It is now approaching a resistance 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 8712.7766 is expected in the short term.

Because USDJPY formed a Falling Wedge pattern, we expect it to touch the support line. If it breaks through support it may move much lower

Emerging Falling Wedge pattern in its final wave was identified on the USDJPY 15 Minutes chart. After a strong bearish run, we find USDJPY heading towards the upper triangle line with a possible resistance at 143.1548. If the support shows to hold, the Falling Wedge pattern suggests a rebound back towards current levels.

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

FTSE100 is trapped in a Channel Up formation, implying that a breakout is Imminent. This is a great trade-setup for both trend and swing traders. It is now approaching a resistance line that has been tested in the past. Divergence opportunists may be very optimistic about a possible breakout and this may be the start […]

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If BTCUSD touches 104668.8984 it may be time to take action.

BTCUSD is moving towards a line of 104668.8984 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If BTCUSD continues in its current trajectory, we […]

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BRN/USD formed a Flag on the 4 hour chart. Retest of resistance in sight.

An emerging Flag has been detected on BRN/USD on the 4 hour chart. There is a possible move towards 66.8399 next few candles. Once reaching support it may continue its bullish run or reverse back to current price levels.

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XAUUSD is approaching 3254.8650. We expect either a breakout through this line, or a rebound.

XAUUSD is approaching a resistance line at 3254.8650. If it hits the resistance line, it may break through this level to continue the bullish trend, or it may turn around back to current levels.

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A final push possible on GBPJPY as it starts approaching a price line of 192.5085.

GBPJPY is moving towards a support line. Because we have seen it retrace from this level in the past, 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 19 days and may test it again within the next […]

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If you’re long XAGUSD you should be aware that 32.2052 has just been breached – a level tested 6 time in the past

XAGUSD is once again retesting a key horizontal support level at 32.2052. It has tested this level 6 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.

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