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MARKET ANALYSIS

LTCUSD is heading towards 131.0700 and could reach this point within the next 5 hours. It has tested this line numerous times in the past, and this time could be no different, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.

An emerging Ascending Triangle has been detected on BTCUSD on the 1 hour chart. There is a possible move towards 94329.0500 next few candles. Once reaching support it may continue its bullish run or reverse back to current price levels.

FTSE100 has moved higher by 9.6% from 7677.0 to 8413.9 in the last 19 days.

An unexpected large move has occurred on XAGUSD Daily chart beginning at 28.668 and ending at 33.6205. Is this a sign of something new? What can we expect in the future?

LTCUSD is heading towards the resistance line of a Channel Up. If this movement continues, the price of LTCUSD could test 90.8387 within the next 17 hours. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.

EURUSD is about to retest a key horizontal support level near 1.1296. It has tested this level 4 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.

NAS100 has broken through a line of 19115.4219. If this breakout holds true, we could see the price of NAS100 heading towards 19637.4531 within the next 3 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so you should probably confirm the breakout before placing any […]

GBPJPY 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 GBPJPY continues in its current trajectory, we could see it […]