AUDUSD – psychological price line breached
AUDUSD has broken through 0.6437 which it has tested numerous times in the past. We have seen it retrace from this price in the past. If this new trend persists, AUDUSD may be heading towards 0.6479 within the next 18 hours.
EURGBP experienced an exceptionally large movement
EURGBP experienced an extremely large move that lasted 13. This movement is in the 98.0 percentile and is uncommon. It is not unusual to witness a pullback after such a big movement.
SPX.IND was on its way down
For those of you that don’t believe in trends, this may be an opportunity to take advantage of an exceptional 5.25% move on SPX.IND. The movement has happened over the last 20 days. For those trend followers among you, you may think about riding this possible trend.
UKX.IND – Continuation Chart Pattern – Channel Down
UKX.IND is heading towards the support 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 […]
Should we expect a bearish trend on USDCHF?
USDCHF has broken through a line of 0.9094 and suggests a possible movement to 0.9071 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 […]
XAUUSD – Continuation Chart Pattern – Descending Triangle
The movement of XAUUSD towards the support line of a Descending Triangle 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 […]
XAGUSD approaching important bearish key level
XAGUSD is heading towards 27.9450 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, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
USDCAD – support line breached
USDCAD has broken through a support line of a Rising Wedge and suggests a possible movement to 1.3779 within the next 3 days. 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 […]
Rare set of consecutive bearish candles on UKX.IND
UKX.IND has experienced an unusual quantity of bearish candles on the Daily timeframe. This is in the 0.95 percentile of movements and so we could see a slight pullback over the next few candles.
XAUUSD – getting close to psychological price line
The movement of XAUUSD towards 2374.7000 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 15 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.