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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.

Because XAUUSD formed a Inverse Head and Shoulders pattern, we expect it to touch the resistance line. If it breaks through resistance it may move much higher

XAUUSD 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 XAUUSD continues in its current trajectory, we could see it […]

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A Head and Shoulders has formed, GBPJPY is approaching resistance. Can we expect a breakout and the start of a new trend or a reversal?

GBPJPY is heading towards the support line of a Head and Shoulders and could reach this point within the next 14 hours. 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, […]

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Extreme movement experienced on NAS100. Check this chart to see what to do next

NAS100 has moved lower by 7.68% from 22178.648 to 20475.6143 in the last 15 days.

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After experiencing a 17.97% bearish move in the space of 2 days, nobody knows where LTCUSD is headed.

LTCUSD has moved lower by 17.97% from 127.08 to 104.25 in the last 2 days.

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XAGUSD is quickly approaching a very important level it has previously tested numerous times in the past

XAGUSD is moving towards a line of 31.8910 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 XAGUSD continues in its current trajectory, we […]

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EURUSD has broken through a level it has tested 3 times in the recent past.

EURUSD is once again retesting a key horizontal resistance level at 1.0421. It has tested this level 3 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.

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

NGC/USD is heading towards the resistance line of a Channel Down and could reach this point within the next 10 hours. 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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