Resistance line breached by GBPUSD
The breakout of GBPUSD through the resistance line of a Triangle could be a sign of the road ahead. If this breakout persists, we may see the price of GBPUSD testing 1.2705 within the next 2 days.
DAX.IND – Extreme movement, a rare opportunity
DAX.IND rose sharply for 70 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 DAX.IND there is a chance that we will witness a correction, no matter how brief.
Big movement possible on USDCAD
USDCAD has broken through a line of 1.3589 and suggests a possible movement to 1.3644 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 […]
Support line breached by NDX.IND
Triangle pattern identified on NDX.IND has broken through a support level with the price momentum continuing to move in an downward direction. A solid trading opportunity continues with the price expected to reach 18026.1672 in the next 4.
DAX.IND is moving, act now
A movement of 11.43% over 70 days on DAX.IND doesn’t go unnoticed. You may start considering where it’s heading next, a continuation of the current upward trend, or a reversal in the previous direction.
XAGUSD – getting close to psychological price line
XAGUSD is moving towards a line of 24.3790 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If XAGUSD continues in its current trajectory, we […]
Should we expect a breakout or a rebound on XAUUSD?
XAUUSD is approaching the support line of a Triangle. It has touched this line numerous times in the last 7 days. If it tests this line again, it should do so in the next 2 days.
Possible breach of support level by AUDUSD
The movement of AUDUSD towards the support line of a Head and Shoulders is yet another test of the line it reached numerous times in the past. This line test could happen in the next 20 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back […]
Should we expect a breakout or a rebound on XAGUSD?
XAGUSD is about to retest a key horizontal support level near 24.6070. It has tested this level 4 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.
Either a rebound or a breakout imminent on XAUUSD
XAUUSD 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 8 hours.