There was a bullish move on SPX.IND
SPX.IND has experienced an exceptionally large movement higher by 10.19% from 4113.87 to 4532.89 in the last 27 days.
UKX.IND approaches important level of 7503.7002
The price of UKX.IND in heading back to the resistance 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.
NDX.IND breakout through support
NDX.IND has broken through the support line of a Rising Wedge technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 19 days and suggests a possible target level […]
A final push possible on XAGUSD
The movement of XAGUSD towards 23.5660 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 21 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.
Possible breach of resistance level by DAX.IND
DAX.IND is heading towards the resistance line of a Ascending Triangle. If this movement continues, the price of DAX.IND could test 15945.3820 within the next 21 hours. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.
Should we expect a bearish trend on EURGBP?
EURGBP has broken through a support line. It has touched this line numerous times in the last 9 days. This breakout shows a potential move to 0.8706 within the next 2 days. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.
There was a bullish move on SPX.IND
For those of you that don’t believe in trends, this may be an opportunity to take advantage of an exceptional 9.62% move on SPX.IND. The movement has happened over the last 25 days. For those trend followers among you, you may think about riding this possible trend.
DAX.IND – support line broken at 2023-11-20T10:00:00.000Z
You would be well advised to confirm the breakout that has just occurred – do you believe the move through support to be significant? Do you have confirming indicators that the price momentum will continue? If so, look for a target of 15853.8454 but consider reducing the size of your position as the price gets […]
SPX.IND approaching important level of 4497.3398
SPX.IND is about to retest a key horizontal support level near 4497.3398. 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.
GBPUSD – getting close to resistance of a Rising Wedge
GBPUSD 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 17 days and may test it again within the next 3 days.