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MARKET ANALYSIS

XAGUSD is quickly approaching the support line of a Falling Wedge. We expect either a breakout through this line or a rebound.

XAGUSD is trapped in a Falling Wedge 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 30.0485 is expected in the short term.

If S&P500 touches 5881.0898 it may be time to take action.

S&P500 is moving towards a line of 5881.0898 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 S&P500 continues in its current trajectory, we […]

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

Emerging Rising Wedge detected on GBPJPY – 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 191.787 and it is expected to move to 192.5005.

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It’s time to make a decision on LTCUSD – its recent breach of 105.2400 could be a sign of a new trend to follow.

LTCUSD has breached the resistance line at 105.2400. It may continue the bullish trend towards 109.2020, or, it may prove to be yet another test of this level.

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After testing 31.9950 numerous times, XAGUSD has finally broken through. Can we expect a bullish trend to follow?

A strong resistance level has been breached at 31.9950 on the 1 hour XAGUSD chart. Technical Analysis theory forecasts a movement to 32.4764 in the next 22 hours.

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Because FTSE100 formed a Triangle pattern, we expect it to touch the support line. If it breaks through support it may move much lower

FTSE100 was identified at around 8787.69 having recently rebounded of the resistance 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 8769.6346 level.

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Because USDJPY formed a Channel Down pattern, we expect it to touch the resistance line. If it breaks through resistance it may move much higher

USDJPY is heading towards the resistance line of a Channel Down and could reach this point within the next 3 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 […]

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EURUSD moves higher to 1.06262 in the last 17 hours.

EURUSD hits 1.06262 after a 1.36% move spanning 17 hours.

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