Possible breach of resistance level by AUDUSD
AUDUSD 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 […]
A final push possible on XAGUSD
XAGUSD is heading towards 27.3820 and could reach this point within the next 9 hours. 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.
bearish technical pattern on XAUUSD 1 hour
XAUUSD has broken through the support line of a Rising Wedge technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 6 days and suggests a possible target level […]
Should we expect a bullish trend on USDCHF?
A strong resistance level has been breached at 0.9133 on the 1 hour USDCHF chart. Technical Analysis theory forecasts a movement to 0.9166 in the next day.
UKX.IND – Continuation Chart Pattern – Rising Wedge
UKX.IND was identified at around 8126.8 having recently rebounded of the support on the 1 hour data interval. Ultimately, the price action of the stock has formed a Rising Wedge pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 8206.9538 level.
EURGBP – Extreme movement, a rare opportunity
For those of you that don’t believe in trends, this may be an opportunity to take advantage of an exceptional 0.46% move on EURGBP. The movement has happened over the last 13 hours. For those trend followers among you, you may think about riding this possible trend.
SPX.IND approaches important level of 5040.4502
SPX.IND is moving towards a key resistance level at 5040.4502. SPX.IND 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?
Either a rebound or a breakout imminent on XAGUSD
An emerging Falling Wedge has been detected on XAGUSD on the 1 hour chart. There is a possible move towards 26.3626 next few candles. Once reaching resistance it may continue its bearish run or reverse back to current price levels.
Dramatic change in UKX.IND. A sign of things to come?
UKX.IND rose sharply for 4 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 UKX.IND there is a chance that we will witness a correction, no matter how brief.
GBPUSD – getting close to support of a Channel Down
A Channel Down pattern was identified on GBPUSD at 1.23687, creating an expectation that it may move to the support line at 1.2194. It may break through that line and continue the bearish trend or it may reverse from that line.