Garnet Fx Trade

DAX.IND breakout through support

DAX.IND has breached the support line at 18103.0000. It may continue the bearish trend towards 18046.8301, or, it may prove to be yet another test of this level.

A potential bearish movement on XAUUSD

The movement of XAUUSD towards the support line of a Falling Wedge is yet another test of the line it reached numerous times in the past. This line test could happen in the next 22 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to […]

SPX.IND – support line broken at 2024-06-24T22:00:00.000Z

The price of SPX.IND in heading in the direction of 5417.0249. Despite the recent breakout through 5452.9902 it is possible that it will struggle to gain momentum to the forecast price and move back in the other direction. This has happened many times in the past so watch for a possible bounce back.

Confirmed breakout on EURGBP 1 hour chart

The last 18 1 hour candles on EURGBP formed a Inverse Head and Shoulders pattern and broken out through the pattern lines, indicating a possible bullish movement towards the price level of 0.8486.

Possible breach of support level by USDCAD

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

Should we expect a bearish trend on XAGUSD?

XAGUSD has broken through a support line of a Channel Up and suggests a possible movement to 30.1860 within the next 5 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement […]

AUDUSD approaches important level of 0.6681

AUDUSD is heading towards 0.6681 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, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.

USDTRY approaching resistance of a Channel Up

The movement of USDTRY towards the resistance line of a Channel Up is yet another test of the line it reached numerous times in the past. This line test could happen in the next 3 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to […]

Possible start of a bullish trend as XAUUSD breaks resistance

XAUUSD is once again retesting a key horizontal resistance level at 2336.7100. 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.