Should we expect a breakout or a rebound on GBPUSD?
A Descending Triangle pattern was identified on GBPUSD at 1.275, creating an expectation that it may move to the support line at 1.2694. It may break through that line and continue the bearish trend or it may reverse from that line.
AUDUSD – getting close to psychological price line
AUDUSD is about to retest a key horizontal resistance level near 0.6738. 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.
NDX.IND approaching resistance of a Channel Up
The movement of NDX.IND towards the resistance line of a Channel Up 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 […]
USDCHF approaching resistance level
USDCHF is heading towards 0.8532 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.
Either a rebound or a breakout imminent on EURUSD
The movement of EURUSD towards the resistance line of a Channel Up 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 […]
Confirmed breakout on SPX.IND 1 hour chart
A strong resistance level has been breached at 4772.0298 on the 1 hour SPX.IND chart. Technical Analysis theory forecasts a movement to 4829.2529 in the next 3 days.
XAUUSD – 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 2042.5871 but consider reducing the size of your position as the price gets […]
Either a rebound or a breakout imminent on DAX.IND
DAX.IND is moving towards a line of 16514.0000 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 DAX.IND continues in its current trajectory, we […]
Should we expect a breakout or a rebound on EURGBP?
EURGBP is moving towards a support 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 5 days and may test it again within the next 11 hours.
USDCHF – getting close to psychological price line
A strong resistance level has been identified at 0.8521 on the 30 Minutes USDCHF chart. USDCHF is likely to test it soon.