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.

Indices

Market Analysis

12.03.25

A possible move by NGC/USD towards 4.2802

NGC/USD has broken through a support line of a Channel Up chart pattern. If this breakout holds true, we may see the price of NGC/USD testing 4.2802 within the next 3 days. But don’t be so quick to trade, it has tested this line in the past, so you should confirm the breakout before taking […]

Market Analysis

12.03.25

Will USDJPY break through the resistance level it tested before?

USDJPY is heading towards 150.3020 and could reach this point within the next 3 days. 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.

Market Analysis

12.03.25

After trying numerous times in the past, NAS100 finally breaks 19486.4258!

A strong resistance level has been breached at 19486.4258 on the 30 Minutes NAS100 chart. Technical Analysis theory forecasts a movement to 19671.9629 in the next 6 hours.

Market Analysis

12.03.25

An unexpected large move has occurred on FTSE100 Daily chart! Is this a sign of something new? What can we expect?

Those of you that are trend followers are probably eagerly watching FTSE100 to see if its latest 3.73% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 10 days move.

Market Analysis

11.03.25

EURUSD is approaching a support line of a Channel Up. It has touched this line numerous times in the last 4 days.

EURUSD is heading towards the support line of a Channel Up. If this movement continues, the price of EURUSD could test 1.0846 within the next 10 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.

Market Analysis

11.03.25

If XAUUSD touches 2930.5500 it may be time to take action.

XAUUSD is moving towards a key resistance level at 2930.5500. XAUUSD has previously tested this level 5 times and on each occasion it has bounced back off this level. Is this finally the time it will break through?

Market Analysis

11.03.25

Because GBPJPY formed a Channel Down pattern, we expect it to touch the resistance line. If it breaks through resistance it may move much higher

GBPJPY is approaching the resistance line of a Channel Down. It has touched this line numerous times in the last 6 days. If it tests this line again, it should do so in the next 21 hours.