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MARKET ANALYSIS

NGC/USD is approaching a support line of a Falling Wedge. It has touched this line numerous times in the last 3 days.

NGC/USD is trapped in a Falling 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 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 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 3.1171 is expected in the short term.

Big movement possible on NGC/USD after a breach of 4.3090

NGC/USD has broken through a line of 4.3090 and suggests a possible movement to 4.2140 within the next 10 hours. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back […]

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BTCUSD – approaching a support line that has been previously tested at least twice in the past

BTCUSD was identified at around 87818.33 having recently rebounded of the resistance on the 4 hour data interval. Ultimately, the price action of the stock has formed a Triangle pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 84370.5690 level.

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EURUSD hits 1.07874 after a 3.96% move spanning 8 days

EURUSD has moved higher by 3.96% from 1.03761 to 1.07874 in the last 8 days.

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Important resistance line being approached by NAS100. This price has been tested numerous time in the last 8 days

NAS100 is heading towards the resistance line of a Falling Wedge. If this movement continues, the price of NAS100 could test 20316.5039 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.

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Important price line being approached by GBPJPY. This price has been tested numerous times before.

GBPJPY 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 188.1610, unless it runs out of momentum and pulls back to current levels.

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A final push possible on XAUUSD as it starts approaching a price line of 2927.9099.

XAUUSD is about to retest a key horizontal resistance level near 2927.9099. It has tested this level 5 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.

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After testing 2074.2700 numerous times, ETHUSD is once again approaching this price point. Can we expect a bearish trend to follow?

ETHUSD is heading towards 2074.2700 and could reach this point within the next 2 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.

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