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MARKET ANALYSIS

S&P500 is signaling a possible trend reversal on the intraday charts with price not breaching resistance.

S&P500 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 5971.4618 is expected in the short term.

FTSE100 is approaching a resistance line of a Rising Wedge. It has touched this line numerous times in the last 19 days.

FTSE100 is moving towards a resistance 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 19 days and may test it again within the next 2 days.

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If you’re short NGC/USD you should be aware that 3.3610 has just been breached – a level tested 6 time in the past

NGC/USD has broken through a resistance line. It has touched this line numerous times in the last 13 days. This breakout shows a potential move to 3.5007 within the next 2 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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USDJPY is quickly approaching the resistance line of a Channel Up. We expect either a breakout through this line or a rebound.

USDJPY is moving towards a resistance 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 9 days and may test it again within the next 2 days.

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If NAS100 touches 22668.8398 it may be time to take action.

NAS100 is moving towards a line of 22668.8398 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If NAS100 continues in its current trajectory, we […]

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XAGUSD experienced a very large 3 days bullish move to 38.5065.

A movement of 5.77% over 3 days on XAGUSD doesn’t go unnoticed. You may start considering where it’s heading next, a continuation of the current upward trend, or a reversal in the previous direction.

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If you’re long ETHUSD you should be aware of the rapidly approaching level of 2937.4099

ETHUSD is moving towards a key support level at 2937.4099. This is a previously tested level for ETHUSD. This could be a good trading opportunity, either at the spot price, or after breaching this level.

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EURUSD is approaching a support line of a Channel Down. It has touched this line numerous times in the last 8 days.

EURUSD 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 8 days and may test it again within the next 8 hours.

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