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MARKET ANALYSIS

XAUUSD is signaling a possible trend reversal on intraday charts, as the price fails to breach support.

XAUUSD is trapped in a Channel Up 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 trend. This confluence could also create an ideal setup for swing traders looking for a potential bounce. Whatever happens, an initial move toward 4205.3565 is expected in the short term.

XAUUSD is signaling a possible trend reversal on intraday charts, as the price fails to breach support.

XAUUSD is trapped in a Channel Up 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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An unexpected large move occurred on NAS100 1 hour chart. The shift stands out in recent activity.

NAS100 reached 25660.0126 after a 3.61% move spanning 4 days.

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Important resistance line being approached by ETHUSD. This price has been tested numerous time in the last 7 days

The movement of ETHUSD towards the resistance line of a Rising Wedge is yet another test of the line it reached numerous times in the past. This line test could happen in the next 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to […]

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Important price line being approached by USDJPY. This price has been tested numerous times before.

USDJPY is moving towards a key support level at 153.8345. This is a previously tested level for USDJPY. This could be a good trading opportunity, either at the spot price, or after breaching this level.

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A possible move on BRN/USD as it heads towards support

BRN/USD 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 BRN/USD continues in its current trajectory, we could see it […]

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Because GBPJPY formed a Rising Wedge pattern, we expect it to touch the resistance line. If it breaks through resistance it may move much higher

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 203.079 and it is expected to move to 204.0703.

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FTSE100 is approaching a resistance line of a Rising Wedge. It has touched this line numerous times in the last 12 days.

The movement of FTSE100 towards the resistance line of a Rising Wedge is yet another test of the line it reached numerous times in the past. This line test could happen in the next 15 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to […]

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