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MARKET ANALYSIS

LTCUSD has formed a Ascending Triangle on the 4 hour chart. A retest of resistance is in sight.

LTCUSD is trapped in a Ascending Triangle formation, implying that a breakout is imminent. This is a strong trade setup for both trend and swing traders. It is now approaching a support line that has been tested before. Divergence watchers may be optimistic about a potential breakout, which could mark the start of a new trend. This confluence could also create an ideal setup for swing traders looking for a potential bounce. Whatever happens, an initial move toward 54.8225 is expected in the short term.

There may be a significant move in GBPJPY following a breach of resistance.

GBPJPY has broken through the resistance line, which it has tested twice before. We have seen it retrace from this line before, so wait for confirmation of the breakout before trading. If this new trend persists, a target level around 212.1622 may materialize within the next 2 days.

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NAS100 has broken through a level it has tested 5 times recently.

NAS100 has broken through a resistance line. Because it has previously retraced from this price, you should wait for confirmation of the breakout before trading. It has touched this line multiple times over the past 12 days, which suggests a possible target around 24633.3633 within the next 2 days.

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XAGUSD: breach of a resistance trendline that has been tested at least twice.

A breakout of XAGUSD through the resistance line of a Triangle could signal what’s ahead. If the breakout persists, we may see XAGUSD’s price test 74.3339 within the next 9 hours.

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

An emerging Channel Up pattern in its final wave has been identified on the XAUUSD 4 hour chart. After a strong bullish run, XAUUSD is heading toward the upper triangle trendline, with possible resistance at 4884.1774. If the resistance holds, the Channel Up pattern suggests a rebound toward current levels.

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After repeatedly testing 10389.7998, FTSE100 has finally broken through. Can we expect a bullish trend to follow?

FTSE100 has broken through a resistance line. Because it has previously retraced from this price, you should wait for confirmation of the breakout before trading. It has touched this line multiple times over the past 21 days, which suggests a possible target around 10689.6367 within the next 2 days.

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LTCUSD has formed a Ascending Triangle on the 4 hour chart. A retest of resistance is in sight.

LTCUSD is trapped in a Ascending Triangle formation, implying that a breakout is imminent. This is a strong trade setup for both trend and swing traders. It is now approaching a support line that has been tested before. Divergence watchers may be optimistic about a potential breakout, which could mark the start of a new […]

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A Falling Wedge has formed, and NGC/USD is approaching support. Should we expect a breakout and the start of a new trend, or a reversal?

NGC/USD is moving toward a resistance line. Since it has retraced from this line before, we may see either a breakout through this line or a rebound to current levels. It has touched this line numerous times in the last 3 days and may test it again within the next 17 hours.

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