MARKET ANALYSIS

NAS100 posted 5 consecutive candles over the last 20 hours — an unusually large movement.

A strong resistance level has been identified at 115925.5391 on the 30 Minutes BTCUSD chart. BTCUSD is likely to test it soon.

An emerging Channel Down has been detected on USDJPY on the 4 hour chart. There is a possible move towards 145.5789 next few candles. Once reaching resistance it may continue its bearish run or reverse back to current price levels.

EURUSD is en route to a very important line that will be a definite deciding factor of what is to come! We may see this trajectory continue to touch and break through 1.1693, unless it runs out of momentum and pulls back to current levels.

This trade setup on LTCUSD is formed by a period of consolidation; a period in which the price primarily moves sideways before choosing a new direction for the longer term. Because of the bullish breakout through resistance, it seems to suggest that we could see the next price move to 117.7329.

BRN/USD is approaching the resistance line of a Triangle. It has touched this line numerous times in the last 11 days. If it tests this line again, it should do so in the next 2 days.

S&P500 has broken through 6441.5498 which it has tested numerous times in the past. We have seen it retrace from this price in the past. If this new trend persists, S&P500 may be heading towards 6423.4619 within the next 20 hours.

USDJPY is heading towards the resistance line of a Rising Wedge and could reach this point within the next 19 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 […]