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MARKET ANALYSIS

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

USDJPY is trapped in a Descending Triangle 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 144.1029 is expected in the short term.

BRN/USD – approaching a support line that has been previously tested at least twice in the past

An emerging Channel Down has been detected on BRN/USD on the 30 Minutes chart. There is a possible move towards 66.8482 next few candles. Once reaching resistance it may continue its bearish run or reverse back to current price levels.

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After testing the resistance line numerous times, XAGUSD is once again approaching this line. Can we expect a bullish trend to follow?

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

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If ETHUSD touches 3885.9700 it may be time to take action.

ETHUSD is moving towards a key resistance level at 3885.9700. ETHUSD has previously tested this level 3 times and on each occasion it has bounced back off this level. Is this finally the time it will break through?

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NAS100 hits 23236.7453 after a run of 7 consecutive 4 hour candles spanning 2 days.

NAS100 has experienced an unusual quantity of bullish candles on the 4 hour timeframe. This is in the 0.9599999785423279 percentile of movements and so we could see a slight pullback over the next few candles.

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S&P500 heading towards a price it has tested 6 times in the recent past.

S&P500 is approaching a resistance line at 6317.6602. If it hits the resistance line, it may break through this level to continue the bullish trend, or it may turn around back to current levels.

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

An emerging Channel Down has been detected on NGC/USD on the 4 hour chart. There is a possible move towards 2.8651 next few candles. Once reaching resistance it may continue its bearish run or reverse back to current price levels.

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XAGUSD likely to test 37.2396 in the near future. Where to next?

XAGUSD is moving towards a key resistance level at 37.2396. 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.

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