NAS100 is approaching a resistance line of a Ascending Triangle. It has touched this line numerous times in the last 16 days.

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MARKET ANALYSIS

February 12, 2025

NAS100 is approaching a resistance line of a Ascending Triangle. It has touched this line numerous times in the last 16 days.

NAS100 is trapped in a Ascending Triangle 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 21883.4085 is expected in the short term.

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Market Analysis

13.03.25

BTCUSD is signaling a possible trend reversal on the intraday charts with price not breaching resistance.

Emerging Falling Wedge pattern in its final wave was identified on the BTCUSD 1 hour chart. After a strong bearish run, we find BTCUSD heading towards the upper triangle line with a possible resistance at 72779.4596. If the support shows to hold, the Falling Wedge pattern suggests a rebound back towards current levels.

Market Analysis

13.03.25

GBPJPY formed a Channel Up on the 4 hour chart. Retest of support in sight.

GBPJPY is heading towards the support line of a Channel Up. If this movement continues, the price of GBPJPY could test 189.2475 within the next 2 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.

Market Analysis

13.03.25

NAS100 is signaling a possible trend reversal on the intraday charts with price not breaching resistance.

Emerging Channel Down pattern in its final wave was identified on the NAS100 4 hour chart. After a strong bearish run, we find NAS100 heading towards the upper triangle line with a possible resistance at 18222.6826. If the support shows to hold, the Channel Down pattern suggests a rebound back towards current levels.

Market Analysis

13.03.25

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

The last 7 1 hour candles on FTSE100 formed a Triangle pattern and broken out through the pattern lines, indicating a possible bullish movement towards the price level of 8650.6825.

Market Analysis

12.03.25

After testing 2930.5500 numerous times, XAUUSD has finally broken through. Can we expect a bullish trend to follow?

The price of XAUUSD in heading in the direction of 2965.3269. Despite the recent breakout through 2930.5500 it is possible that it will struggle to gain momentum to the forecast price and move back in the other direction. This has happened many times in the past so watch for a possible bounce back.

Market Analysis

12.03.25

EURUSD broke through a support at 2025-03-12T02:00:00.000Z, with the price momentum continuing to move in an downward direction over the next hours, good opportunity presents itself with the price expected to reach 1.0768.

EURUSD moved through the support line of a Rising Wedge at 1.0897697222222225 on the 4 hour chart. This line has been tested a number of times in the past and this breakout could mean an upcoming change from the current trend. It may continue in its current direction toward 1.0768.

Market Analysis

12.03.25

A possible move on LTCUSD as it heads towards support

LTCUSD is heading towards the support line of a Triangle. If this movement continues, the price of LTCUSD could test 89.4303 within the next 5 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.