Recent bearish run on AUDUSD. Continuation or reversal to follow?
AUDUSD has moved lower after 4 consecutive daily candles from 0.6699 to 0.6601 in the last 5 days.
Big movement possible on EURUSD
EURUSD has broken through a line of 1.0810. If this breakout holds true, we could see the price of EURUSD heading towards 1.0781 within the next 2 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so you should probably confirmation the breakout before placing any […]
Should we expect a breakout or a rebound on DAX.IND?
The movement of DAX.IND 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 […]
XAGUSD is moving, act now
XAGUSD dropped sharply for 2 days – which is an excessively big movement for this instrument; exceeding the 98% of past price moves. Even if this move is a sign of a new trend in XAGUSD there is a chance that we will witness a correction, no matter how brief.
Possibility of big movement expected on XAUUSD
XAUUSD has broken through the support line which it has tested twice in the past. We have seen it retrace from this line before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target level of around 2369.1558 may materialize within the next 3 days.
GBPUSD approaches important level of 1.2703
GBPUSD is about to retest a key horizontal support level near 1.2703. 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.
Dramatic change in NDX.IND. A sign of things to come?
Those of you that are trend followers are probably eagerly watching NDX.IND to see if its latest 7.81% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 22 days move.
XAGUSD – Continuation Chart Pattern – Triangle
XAGUSD is moving towards a resistance line. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 2 days and may test it again within the next 6 hours.
A potential bullish movement on AUDUSD
AUDUSD is moving towards a key resistance level at 0.6677. AUDUSD has previously tested this level 3 times and on each occasion it has bounced back off this level. Is this finally the time it will break through?
What’s going on with NDX.IND?
NDX.IND has experienced an extremely big movement in last 20 days. It may continue the trend, but this would make the move unprecedented in the recent past.