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MARKET ANALYSIS

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

NGC/USD 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 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 2.8963 is expected in the short term.

After testing 6437.0898 numerous times, S&P500 has finally broken through. Can we expect a bearish trend to follow?

S&P500 has broken through a support line. It has touched this line numerous times in the last 15 days. This breakout shows a potential move to 6370.5698 within the next 3 days. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.

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NGC/USD keeps moving closer towards 2.8575. Will it finally breach this level?

The price of NGC/USD in heading back to the support area. It is possible that it will struggle to break through it and move back in the other direction. The price may eventually break through, but typically the price retreats from the level a number of times before doing so.

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

The last 8 4 hour candles on LTCUSD formed a Channel Down pattern and broken out through the pattern lines, indicating a possible bullish movement towards the price level of 112.5297.

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

GBPJPY is approaching the resistance line of a Channel Up. It has touched this line numerous times in the last 4 days. If it tests this line again, it should do so in the next 6 hours.

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A possible move on NAS100 as it heads towards support

NAS100 is moving towards a support line. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 7 days and may test it again within the next 20 hours.

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Big movement possible on BTCUSD after a breach of 109536.5625

BTCUSD has broken through a resistance line. Because we have seen it retrace from this price in the past, one should wait for confirmation of the breakout before trading. It has touched this line numerous times in the last 3 days and suggests a possible target level to be around 110936.6094 within the next 8 […]

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If S&P500 touches 6437.0898 it may be time to take action.

S&P500 is moving towards a support line. Because we have seen it retrace from this level in the past, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 14 days and may test it again within the next […]

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