Possible start of a bearish trend on EURGBP
EURGBP has broken through a support line. Because we have seen it retrace from this price in the past, one should wait for confirmation of the breakout before trading. It has touched this line numerous times in the last 8 days and suggests a possible target level to be around 0.8511 within the next 2 […]
Either a rebound or a breakout imminent on NDX.IND
A Ascending Triangle pattern was identified on NDX.IND at 17588.6343, creating an expectation that it may move to the resistance line at 17697.1842. It may break through that line and continue the bullish trend or it may reverse from that line.
Did you miss this move on SPX.IND?
SPX.IND has experiened an extremely big movement in last 32 days. It may continue the trend, but this would make the move unprecidented in the recent past.
DAX.IND is on the approach
DAX.IND is moving towards a support 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 6 days and may test it again within the next […]
GBPUSD – Large movement, a rare opportunity
After posting 4 consecutive bearish candles in 3 days, you may start considering where GBPUSD is heading next, a continuation of the current downward trend, or a reversal in the previous direction.
XAGUSD – resistance line breached
You would be well advised to confirm the breakout that has just occurred – do you believe the move through resistance to be significant? Do you have confirming indicators that the price momentum will continue? If so, look for a target of 22.5085 but consider reducing the size of your position as the price gets […]
Possible start of a bearish trend as XAUUSD breaks support
XAUUSD has broken through a line of 2027.8300. If this breakout holds true, we could see the price of XAUUSD heading towards 2011.0740 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 […]
There was a bullish move on USDCHF
An unexpected large move has occurred on USDCHF 1 hour chart beginning at 0.85581 and ending at 0.86779. Is this a sign of something new? What can we expect in the future?
A potential bearish movement on SPX.IND
SPX.IND is heading towards the support line of a Channel Up and could reach this point within the next 10 hours. 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 […]
GBPUSD – Extreme movement, a rare opportunity
GBPUSD experienced an extremely large move that lasted 17. This movement is in the 96.0 percentile and is uncommon. It is not unusual to witness a pullback after such a big movement.