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MARKET ANALYSIS

A Channel Up pattern was identified on XAUUSD at 3325.76, creating an expectation that it may move to the resistance line at 3399.0149. It may break through that line and continue the bullish trend or it may reverse from that line.

FTSE100 is moving towards a line of 9090.7998 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If FTSE100 continues in its current trajectory, we […]

XAUUSD is approaching the resistance line of a Rising Wedge. It has touched this line numerous times in the last 9 days. If it tests this line again, it should do so in the next 2 days.

An emerging Channel Down has been detected on BRN/USD on the 30 Minutes chart. There is a possible move towards 66.8482 next few candles. Once reaching resistance it may continue its bearish run or reverse back to current price levels.

XAGUSD is moving towards a resistance 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 […]

ETHUSD is moving towards a key resistance level at 3885.9700. ETHUSD has previously tested this level 3 times and on each occasion it has bounced back off this level. Is this finally the time it will break through?

NAS100 has experienced an unusual quantity of bullish candles on the 4 hour timeframe. This is in the 0.9599999785423279 percentile of movements and so we could see a slight pullback over the next few candles.

S&P500 is approaching a resistance line at 6317.6602. 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.