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MARKET ANALYSIS

LTCUSD seems to be on its way to support – a possible opportunity?

LTCUSD is moving towards a key support level at 128.0300. This is a previously tested level for LTCUSD. This could be a good trading opportunity, either at the spot price, or after breaching this level.

Will BTCUSD break through the resistance level it tested before?

BTCUSD is approaching a resistance line at 100578.7969. 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.

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NGC/USD seems to be on its way to resistance – a possible opportunity?

NGC/USD is moving towards a line of 3.1075 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 NGC/USD continues in its current trajectory, we […]

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A Rising Wedge has formed, NAS100 is approaching support. Can we expect a breakout and the start of a new trend or a reversal?

NAS100 is trapped in a Rising Wedge 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 […]

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Supports and resistances are primary concepts of technical analysis. XAUUSD is heading for an important price of 2619.6101 – read about what this could mean for the future.

XAUUSD is moving towards a key support level at 2619.6101. XAUUSD has previously tested this level 4 times and on each occasion it has bounced back off this level. Is this finally the time it will break through?

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BRN/USD through 72.21400000000001. Is this a confirming a breakout? Will it continue its path in the current trend toward 71.4973?

BRN/USD has broken through a support line. It has touched this line at least twice in the last 4 days. This breakout may indicate a potential move to 71.4973 within the next 18 hours. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before […]

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

ETHUSD is heading towards the support line of a Channel Up. If this movement continues, the price of ETHUSD could test 3670.8491 within the next 3 days. 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.

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Will USDJPY break through the support level it tested before?

USDJPY is moving towards a key support level at 149.6260. USDJPY 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?

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