A possible start of a bearish trend on USDCAD
You would be well advised to confirm the breakout that has just occurred – do you believe the move through support to be significant? Do you have confirming indicators that the price momentum will continue? If so, look for a target of 1.3640 but consider reducing the size of your position as the price gets […]
UKX.IND – Continuation Chart Pattern – Channel Down
UKX.IND is heading towards the resistance line of a Channel Down and could reach this point within the next 2 days. 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 […]
DAX.IND short term bullish trade setup to 18535.0000
DAX.IND is approaching a resistance line at 18535.0000. If it hits the resistance line, it may break through this level to continue the bullish trend, or it may turn around back to current levels.
XAGUSD – Continuation Chart Pattern – Falling Wedge
Emerging Falling Wedge detected on XAGUSD – the pattern is an emerging one and has not yet broken through resistance, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 29.094 and it is expected to move to 28.8443.
Huge bearish move on EURGBP
EURGBP has experienced an exceptionally large movement lower by 0.25% from 0.84657 to 0.84446 in the last 3 hours.
Breach of important price line imminent by UKX.IND
The movement of UKX.IND towards 8313.9004 price line is yet another test of the line it reached numerous times in the past. We could expect this test to 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 current lines.
USDTRY – Continuation Chart Pattern – Channel Up
USDTRY is heading towards the resistance line of a Channel Up 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 from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we […]
XAGUSD – psychological price line breached
XAGUSD has broken through a line of 29.3310 and suggests a possible movement to 28.2338 within the next 2 days. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back […]
DAX.IND approaching support of a Triangle
DAX.IND is heading towards the support line of a Triangle and could reach this point within the next 19 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 could […]
What’s going on with USDCHF?
USDCHF hits 0.8967 after a 0.8% move spanning 13 hours.