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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.

Rare set of bearish consecutive candles on the GBPJPY Daily chart. Can we expect a turn-around?

After posting 5 consecutive bearish candles in 4 days, you may start considering where GBPJPY is heading next, a continuation of the current downward trend, or a reversal in the previous direction.

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Big movement possible on LTCUSD after a breach of 88.6100

LTCUSD has breached the resistance line at 88.6100. It may continue the bullish trend towards 90.7920, or, it may prove to be yet another test of this level.

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Breach of resistance could mean a start of a bullish trend on USDJPY

USDJPY has broken through the resistance line of a Falling 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 20 days and suggests a possible target level […]

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FTSE100 is approaching 8708.4297. We expect either a breakout through this line, or a rebound.

A strong support level has been identified at 8708.4297 on the 1 hour FTSE100 chart. FTSE100 is likely to test it soon.

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Rare set of bullish consecutive candles on the EURUSD Daily chart. Can we expect a turn-around?

EURUSD has experienced an unusual quantity of bullish candles on the Daily timeframe. This is in the 0.949999988079071 percentile of movements and so we could see a slight pullback over the next few candles.

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Important resistance line being approached by XAGUSD. This price has been tested numerous time in the last 8 days

XAGUSD was identified at around 36.1631 having recently rebounded of the support on the 1 hour data interval. Ultimately, the price action of the stock has formed a Triangle pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 36.4790 level.

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A possible move on ETHUSD as it heads towards resistance

Emerging Rectangle detected on ETHUSD – the pattern is an emerging one and has not yet broken through support, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 2454.85 and it is expected to move to 2530.4388.

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