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MARKET ANALYSIS

GBPJPY hits 195.993 after a 1.36% move spanning 23 hours

GBPJPY has moved lower by 1.36% from 198.688 to 195.993 in the last 23 hours.

There is a possibility of a big movement on NGC/USD after a breach of the support

This trade setup on NGC/USD is formed by a period of consolidation; a period in which the price primarily moves sideways before choosing a new direction for the longer term. Because of the bearish breakout through support, it seems to suggest that we could see the next price move to 3.4103.

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A final push possible on LTCUSD as it starts approaching a price line of 106.9400.

LTCUSD is moving towards a key resistance level at 106.9400. LTCUSD has previously tested this level 4 times and on each occasion it has bounced back off this level. Is this finally the time it will break through?

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Important resistance line being approached by FTSE100. This price has been tested numerous time in the last 5 days

Emerging Channel Up detected on FTSE100 – the pattern is an emerging one and has not yet broken through support, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 8270.5 and it is expected to move to 8355.8382.

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BTCUSD is quickly approaching the support line of a Rising Wedge. We expect either a breakout through this line or a rebound.

Emerging Rising Wedge pattern in its final wave was identified on the BTCUSD 1 hour chart. After a strong bearish run, we find BTCUSD heading towards the upper triangle line with a possible resistance at 95286.7973. If the support shows to hold, the Rising Wedge pattern suggests a rebound back towards current levels.

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Interesting opportunity on NAS100 after breaking 20950.13178592233

Triangle pattern identified on NAS100 has broken through a support level with the price momentum continuing to move in an downward direction. A solid trading opportunity continues with the price expected to reach 20679.6552 in the next 3.

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

A Channel Down pattern was identified on GBPJPY at 195.192, creating an expectation that it may move to the resistance line at 196.2769. It may break through that line and continue the bullish trend or it may reverse from that line.

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A Channel Up has formed, BRN/USD is approaching resistance. Can we expect a breakout and the start of a new trend or a reversal?

BRN/USD was identified at around 76.1965 having recently rebounded of the resistance on the 30 Minutes data interval. Ultimately, the price action of the stock has formed a Channel Up pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 75.3148 level.

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