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MARKET ANALYSIS

Ascending Triangle pattern identified on FTSE100 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 9022.2315 in the next 12.

FTSE100 is approaching the resistance line of a Ascending Triangle. It has touched this line numerous times in the last 15 days. If it tests this line again, it should do so in the next 2 days.

BTCUSD is heading towards the support line of a Descending Triangle and could reach this point within the next 10 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we […]

BRN/USD is heading towards 68.2385 and could reach this point within the next 22 hours. It has tested this line numerous times in the past, and this time could be no different, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.

After posting 6 consecutive bullish candles in 7 days, you may start considering where GBPJPY is heading next, a continuation of the current upward trend, or a reversal in the previous direction.

USDJPY is heading towards the support line of a Rectangle and could reach this point within the next 2 days. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could […]

BRN/USD is heading towards the support line of a Channel Down. If this movement continues, the price of BRN/USD could test 64.2163 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.

S&P500 has broken through a resistance line of a Triangle and suggests a possible movement to 6456.2838 within the next 3 days. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement back […]