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MARKET ANALYSIS

NGC/USD is moving towards a key support level at 3.6635. NGC/USD has previously tested this level 4 times and on each occasion it has bounced back off this level. Is this finally the time it will break through?

EURUSD is moving towards a key support level at 1.0248. 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.

NAS100 is moving towards a support 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 NAS100 continues in its current trajectory, we could see it […]

NGC/USD is moving towards a key support level at 3.6635. NGC/USD has previously tested this level 4 times and on each occasion it has bounced back off this level. Is this finally the time it will break through?

ETHUSD has broken through a line of 3366.9299. If this breakout holds true, we could see the price of ETHUSD heading towards 3549.2319 within the next 23 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so you should probably confirm the breakout before placing any […]

EURUSD is moving towards a line of 1.0236 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If EURUSD continues in its current trajectory, we […]

NAS100 is heading towards the support line of a Channel Down and could reach this point within the next 4 days. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we […]

A Channel Up pattern was identified on XAUUSD at 2711.24, creating an expectation that it may move to the support line at 2695.9644. It may break through that line and continue the bearish trend or it may reverse from that line.