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MARKET ANALYSIS

Important resistance line being approached by LTCUSD. This price has been tested numerous time in the last 8 days

LTCUSD is trapped in a Rectangle formation, implying that a breakout is Imminent. This is a great trade-setup for both trend and swing traders. It is now approaching a support 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 97.6718 is expected in the short term.

After testing support twice in the past, BTCUSD has finally broken through. Can we expect a bearish trend to follow?

BTCUSD has broken through a support line of a Channel Up and suggests a possible movement to 115838.1303 within the next 2 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 […]

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FTSE100 has broken through a resistance line. It has touched this line numerous times in the last 18 days.

FTSE100 has broken through a resistance line. It has touched this line numerous times in the last 18 days. This breakout shows a potential move to 9220.1670 within the next 2 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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LTCUSD is quickly approaching a very important level it has previously tested numerous times in the past

A strong support level has been identified at 122.8600 on the 30 Minutes LTCUSD chart. LTCUSD is likely to test it soon.

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XAGUSD through 38.6064914893617. Is this a confirming a breakout? Will it continue its path in the current trend toward 38.3412?

This trade setup on XAGUSD 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 38.3412.

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Breach of 147.0225 could mean a start of a bearish trend on USDJPY

USDJPY has broken through a support line. Because we have seen it retrace from this price in the past, one should wait for confirmation of the breakout before trading. It has touched this line numerous times in the last 8 days and suggests a possible target level to be around 146.1615 within the next 2 […]

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XAUUSD – approaching a support line that has been previously tested at least twice in the past

XAUUSD was identified at around 3352.775 having recently rebounded of the resistance on the 1 hour data interval. Ultimately, the price action of the stock has formed a Falling Wedge pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 3314.9774 level.

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FTSE100 breakout from a Triangle trade setup. Will it continue this trend to hit the target price?

The breakout of FTSE100 through the resistance line of a Triangle could be a sign of the road ahead. If this breakout persists, we may see the price of FTSE100 testing 9185.6390 within the next 9 hours.

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