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MARKET ANALYSIS

FTSE100 is about to retest a key horizontal resistance level near 8738.9004. It has tested this level 5 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.

BTCUSD is approaching the support line of a Channel Up. It has touched this line numerous times in the last 9 days. If it tests this line again, it should do so in the next 2 days.

FTSE100 is about to retest a key horizontal resistance level near 8738.9004. It has tested this level 5 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.

NAS100 is moving towards a support line. Because we have seen it retrace from this level in the past, 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 […]

A strong resistance level has been identified at 33.8989 on the 30 Minutes XAGUSD chart. XAGUSD is likely to test it soon.

LTCUSD is moving towards a key resistance level at 94.5700. This is a previously tested level for LTCUSD. This could be a good trading opportunity, either at the spot price, or after breaching this level.

USDJPY is heading towards a line of 147.3150. If this movement continues, the price of USDJPY could test 147.3150 within the next 2 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding.

The movement of S&P500 towards 5586.6802 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 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.