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MARKET ANALYSIS

USDJPY 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 140.5770, unless it runs out of momentum and pulls back to current levels.

The movement of XAUUSD toward the resistance line of a Channel Down is yet another test of the line it has reached numerous times in the past. This test of the line could occur within the next 2 days, but it is uncertain whether it will result in a breakout through this line or simply […]

LTCUSD is moving toward a support line. Because it has retraced from this level in the past, we may see either a breakout through this line or a rebound to current levels. It has touched this line multiple times over the last 6 days and may test it again within the next 2 days.

EURUSD is trapped in a Channel Down formation, implying that a breakout is imminent. This is a strong trade setup for both trend and swing traders. It is now approaching a resistance line that has been tested before. Divergence watchers may be optimistic about a potential breakout, which could mark the start of a new […]

BTCUSD has broken through the support line, which it has tested twice before. We have seen it retrace from this line before, so wait for confirmation of the breakout before trading. If this new trend persists, a target level around 69845.3821 may materialize within the next 3 days.

NAS100 has broken through the support line, which it has tested twice before. We have seen it retrace from this line before, so wait for confirmation of the breakout before trading. If this new trend persists, a target level around 24120.1411 may materialize within the next 3 days.

BRN/USD is moving toward a resistance line. Because it has retraced from this level in the past, we may see either a breakout through this line or a rebound to current levels. It has touched this line multiple times over the last 10 days and may test it again within the next 2 days.

The last 3 15 Minutes candles on ETHUSD have formed a Triangle pattern and broken out through the pattern lines, indicating a possible bearish movement toward the price level at 2284.8676.