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MARKET ANALYSIS

XAUUSD is quickly approaching the resistance line of a Channel Up. We expect either a breakout through this line or a rebound.

XAUUSD is trapped in a Channel Up formation, implying that a breakout is Imminent. This is a great trade-setup for both trend and swing traders. It is now approaching a support 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 4251.2962 is expected in the short term.

LTCUSD has formed a Rising Wedge on the 30 Minutes chart. A retest of resistance is in sight.

LTCUSD is trapped in a Rising Wedge formation, implying that a breakout is imminent. This is a strong trade setup for both trend and swing traders. It is now approaching a support line that has been tested before. Divergence watchers may be optimistic about a potential breakout, which could mark the start of a new […]

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EURUSD may be at the start of a new bullish trend after breaking through this important resistance level.

EURUSD has broken through a level at 1.1615, suggesting a possible move to 1.1675 within the next 4 days. It has tested this level numerous times in the past, so you should wait for confirmation of this breakout before taking any action. If the breakout does not confirm, we could see a retracement back to […]

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S&P500 has formed a Rising Wedge on the 4 hour chart. A retest of resistance is in sight.

S&P500 is moving toward a resistance line. Since it has retraced from this line before, we may see either a breakout through this line or a rebound to current levels. It has touched this line numerous times in the last 14 days and may test it again within the next 3 days.

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XAGUSD has posted 4 consecutive bullish Daily candles.

After posting 4 consecutive bullish candles over 4 days, consider where XAGUSD may be headed next: a continuation of the current upward trend or a reversal.

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After repeatedly testing the support line, USDJPY is once again approaching it. Can we expect a bearish trend to emerge?

USDJPY is moving toward a support line. Since it has retraced from this line before, we may see either a breakout through it or a rebound to current levels. It has touched this line multiple times in the past 18 days and may test it again within the next 2 days.

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An important resistance line is being approached by GBPJPY. This price has been tested numerous times in the last 11 days

GBPJPY is moving toward a resistance line it has tested many times. It has retraced from this line before, so it’s unclear whether it will break through or rebound again. If GBPJPY continues on its current trajectory, it could reach 207.5227 within the next 2 days.

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BRN/USD appears to be approaching support—a potential opportunity?

The movement of BRN/USD towards the 62.1120 price line is yet another test of a line it has reached numerous times in the past. We can expect this test to occur within the next 2 days, but it is uncertain whether it will result in a breakout through this line or simply rebound to current […]

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