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MARKET ANALYSIS

NGC/USD has broken through the support line of a Rising Wedge technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 3 days and suggests a possible target level to be around 3.1441 within the next 15 hours.

FTSE100 has breached the resistance line at 8148.8799. It may continue the bullish trend towards 8261.6982, or, it may prove

NGC/USD has broken through the support line of a Rising Wedge technical chart pattern. Because we have seen it retrace

Those of you that are trend followers are probably eagerly watching GBPJPY to see if its latest 0.99% move continues.

The last 8 4 hour candles on LTCUSD formed a Pennant pattern and broken out through the pattern lines, indicating

The breakout of XAGUSD through the support line of a Triangle could be a sign of the road ahead. If

NAS100 is heading towards 21162.8242 and could reach this point within the next 3 days. It has tested this line

An emerging Triangle has been detected on USDJPY on the 4 hour chart. There is a possible move towards 153.8857