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MARKET ANALYSIS

You would be well advised to confirm the breakout that has just occurred – do you believe the move through support to be significant? Do you have confirming indicators that the price momentum will continue? If so, look for a target of 198.9799 but consider reducing the size of your position as the price gets closer to that target.

You would be well advised to confirm the breakout that has just occurred – do you believe the move through support to be significant? Do you have confirming indicators that the price momentum will continue? If so, look for a target of 198.9799 but consider reducing the size of your position as the price gets […]

FTSE100 recorded an exceptional 1.31% move over the last 5 days. Whether you follow trends or look for reversals, this move is hard to ignore.

ETHUSD is heading towards the support line of a Triangle. If this movement continues, the price of ETHUSD could test 4493.4050 within the next 3 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.

XAUUSD is moving towards a resistance 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 10 days and may test it again within the next […]

The last 28 4 hour candles on USDJPY formed a Channel Down pattern and broken out through the pattern lines, indicating a possible bullish movement towards the price level of 148.7429.

An emerging Rising Wedge has been detected on LTCUSD on the 30 Minutes chart. There is a possible move towards 117.4764 next few candles. Once reaching resistance it may continue its bearish run or reverse back to current price levels.