NAS100 is quickly approaching a very important level it has previously tested numerous times in the past

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MARKET ANALYSIS

April 29, 2025

NAS100 is quickly approaching a very important level it has previously tested numerous times in the past

NAS100 is heading towards a line of 19358.1250. If this movement continues, the price of NAS100 could test 19358.1250 within the next 9 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding.

Indices

Market Analysis

15.06.25

NAS100 heading towards a price it has tested 3 times in the recent past.

NAS100 is approaching a support line at 21432.2910. If it hits the support line, it may break through this level to continue the bearish trend, or it may turn around back to current levels.

Market Analysis

15.06.25

GBPJPY likely to test 194.6980 in the near future. Where to next?

GBPJPY is approaching a support line at 194.6980. If it hits the support line, it may break through this level to continue the bearish trend, or it may turn around back to current levels.

Market Analysis

15.06.25

XAGUSD is signaling a possible trend reversal on the intraday charts with price not breaching support.

XAGUSD is heading towards the resistance line of a Triangle and could reach this point within the next 23 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could […]

Market Analysis

15.06.25

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

ETHUSD is moving towards a key support level at 2479.6001. ETHUSD has previously tested this level 7 times and on each occasion it has bounced back off this level. Is this finally the time it will break through?

Market Analysis

13.06.25

USDJPY – breach of a trending resistance line that has been tested at least twice before.

Falling Wedge pattern identified on USDJPY has broken through a resistance level with the price momentum continuing to move in an upward direction. A solid trading opportunity continues with the price expected to reach 144.2859 in the next 9.

Market Analysis

13.06.25

After testing the support line numerous times, XAUUSD is once again approaching this line. Can we expect a bearish trend to follow?

XAUUSD is trapped in a Channel Up formation, implying that a breakout is Imminent. This is a great trade-setup for both trend and swing traders. It is now approaching a resistance line that has been tested in the past. Divergence opportunists may be very optimistic about a possible breakout and this may be the start […]

Market Analysis

12.06.25

A Channel Up has formed, S&P500 is approaching support. Can we expect a breakout and the start of a new trend or a reversal?

Emerging Channel Up pattern in its final wave was identified on the S&P500 4 hour chart. After a strong bullish run, we find S&P500 heading towards the upper triangle line with a possible resistance at 6107.2720. If the resistance shows to hold, the Channel Up pattern suggests a rebound back towards current levels.