Will NDX.IND have enough momentum to break resistance?
NDX.IND 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 13 days and may test it again within the next 3 days.
GBPUSD short term bullish trade setup to 1.2823
GBPUSD is moving towards a resistance line. Because we have seen it retrace from this level in the past, 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 5 days and may test it again within the next […]
Is XAUUSD likely to correct after this massive movement?
XAUUSD has moved higher by 9.52% from 1993.84 to 2183.68 in the last 28 days.
Either a rebound or a breakout imminent on XAGUSD
XAGUSD is trapped in a Triangle formation, implying that a breakout is Imminent. This is a great trade-setup for both trend and swing traders. It is now approaching a resistance line that has been tested in the past. Divergence opportunists may be very optimistic about a possible breakout and this may be the start of […]
A potential bullish movement on UKX.IND
UKX.IND is approaching a resistance line at 7722.0000. 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.
A potential bullish movement on SPX.IND
SPX.IND was identified at around 5182.09 having recently rebounded of the support on the 4 hour data interval. Ultimately, the price action of the stock has formed a Channel Up pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 5294.2938 level.
XAUUSD running upward, don’t miss out.
XAUUSD rose sharply for 26 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 XAUUSD there is a chance that we will witness a correction, no matter how brief.
Breach of important price line imminent by NDX.IND
The price of NDX.IND in heading back to the support area. It is possible that it will struggle to break through it and move back in the other direction. The price may eventually break through, but typically the price retreats from the level a number of times before doing so.
AUDUSD running upward, don’t miss out.
AUDUSD has moved higher by 1.2% from 0.65653 to 0.66443 in the last 2 days.
bearish technical pattern on XAGUSD 1 hour
This trade steup on XAGUSD is formed by a period of consolidation; a period in which the price primarily moves sideways before choosing a new direction for the longer term. Because of the bearish breakout through support, it seems to suggest that we could see the next price move to 23.7762.