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MARKET ANALYSIS

XAGUSD is heading towards the support line of a Triangle. If this movement continues, the price of XAGUSD could test 36.4123 within the next 2 days. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.

Emerging Triangle detected on BRN/USD – 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 68.8935 and it is expected to move to 69.1325.

The breakout of NAS100 through the 23300.4258 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, NAS100 could test 23418.2324 within the next 19 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout.

BTCUSD is moving towards a key resistance level at 119865.1563. BTCUSD has previously tested this level 6 times and on each occasion it has bounced back off this level. Is this finally the time it will break through?

GBPJPY is trapped in a Channel Down 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 […]

NGC/USD is en route to a very important line that will be a definite deciding factor of what is to come! We may see this trajectory continue to touch and break through 3.0660, unless it runs out of momentum and pulls back to current levels.

NGC/USD is heading towards a line of 3.1655. If this movement continues, the price of NGC/USD could test 3.1655 within the next 3 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.

NAS100 is en route to a very important line that will be a definite deciding factor of what is to come! We may see this trajectory continue to touch and break through 23297.5332, unless it runs out of momentum and pulls back to current levels.