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MARKET ANALYSIS

GBPJPY is approaching a support line of a Channel Down. It has touched this line numerous times in the last 10 days.

GBPJPY is trapped in a Channel Down 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 196.8253 is expected in the short term.

After trying numerous times in the past, NAS100 finally breaks 25217.5801!

NAS100 has broken through a resistance line. It has touched this line numerous times in the last 16 days. This breakout shows a potential move to 25746.3457 within the next 3 days. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.

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After testing the support line numerous times, XAGUSD is once again approaching this line. Can we expect a bearish trend to follow?

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

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Important price line being approached by NAS100. This price has been tested numerous times before.

NAS100 is approaching a resistance line at 25217.5801. 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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If EURUSD touches 1.1625 it may be time to take action.

EURUSD is moving towards a key resistance level at 1.1625. EURUSD 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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After testing the resistance line numerous times, ETHUSD is once again approaching this line. Can we expect a bullish trend to follow?

ETHUSD was identified at around 3898.53 having recently rebounded of the support on the 4 hour data interval. Ultimately, the price action of the stock has formed a Triangle pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 4023.3311 level.

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If you’re short USDJPY you should be aware that 152.1690 has just been breached – a level tested 4 time in the past

USDJPY has broken through a line of 152.1690 and suggests a possible movement to 153.5127 within the next 3 days. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back […]

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A very large move was recorded on NGC/USD. The size of the shift is exceptional.

NGC/USD recorded a considerable move in the last 3 days — one of its biggest in recent sessions.

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