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MARKET ANALYSIS

GBPJPY is quickly approaching the support line of a Channel Down. We expect either a breakout through this line or a rebound.

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 198.5818 is expected in the short term.

LTCUSD is signaling a possible trend reversal on intraday charts, as the price fails to breach support.

A Triangle pattern was identified for LTCUSD at 56.0, suggesting it may move toward the resistance line at 56.1450. It may break through that line and continue the bullish trend, or reverse from it.

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S&P500 has broken through the support of a Triangle. It has touched this line at least twice in the last 15 days.

S&P500 has broken through the support line of a Triangle technical chart pattern. Because it has retraced from this line in the past, you should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 15 days, which suggests a possible target around 6977.1544 within the […]

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An important price level is being approached by NAS100. This price level has been tested numerous times before.

NAS100 is moving toward a key support level at 26623.2422. This level has been tested before for NAS100. This may present a good trading opportunity either at the spot price or after a breakout through this level.

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EURUSD has formed a Channel Down on the 4 hour chart. A retest of support is in sight.

EURUSD is moving toward a support line. Since it has retraced from this line before, we may see either a breakout through it or a rebound to current levels. It has touched this line multiple times in the past 7 days and may test it again within the next 15 hours.

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Consider a move on XAGUSD as it heads toward support.

An emerging Channel Down has been detected on XAGUSD. The pattern has not yet broken through resistance, but the price is expected to move up over the next few hours. At the time the pattern was found, the price was 75.785, and it is expected to move to 71.7967.

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BTCUSD is signaling a possible trend reversal on intraday charts, as the price fails to breach resistance.

BTCUSD is moving toward a support line. Since it has retraced from this line before, we may see either a breakout through it or a rebound to current levels. It has touched this line multiple times in the past 8 days and may test it again within the next 3 days.

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An important resistance line is being approached by USDJPY. This price has been tested numerous times in the last 7 days

USDJPY was identified around 159.5515 after recently rebounding off the support on the 4 hour interval. Ultimately, the stock’s price action has formed a Rising Wedge pattern. This squeeze may increase the chances of a strong breakout. The projected move could take the price to around 160.0795.

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