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MARKET ANALYSIS

The movement of USDJPY towards 153.8390 price line is yet another test of the line it reached numerous times in the past. We could expect this test to happen in the next 3 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.

FTSE100 has broken through a support line. It has touched this line at least twice in the last 5 days. This breakout may indicate a potential move to 8082.5134 within the next 9 hours. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before […]

S&P500 is heading towards the resistance line of a Rising Wedge. If this movement continues, the price of S&P500 could test 6000.0988 within the next 7 hours. 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.

XAGUSD is moving towards a key support level at 29.3610. This is a previously tested level for XAGUSD. This could be a good trading opportunity, either at the spot price, or after breaching this level.

An emerging Rising Wedge has been detected on LTCUSD on the 30 Minutes chart. There is a possible move towards 108.5753 next few candles. Once reaching support it may continue its bullish run or reverse back to current price levels.

EURUSD is moving towards a key support level at 1.0343. This is a previously tested level for EURUSD. This could be a good trading opportunity, either at the spot price, or after breaching this level.

XAUUSD 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 8 days and may test it again within the next 2 days.

A strong resistance level has been identified at 21478.1777 on the 15 Minutes NAS100 chart. NAS100 is likely to test it soon.