A potential bearish movement on EURGBP
EURGBP is moving towards a support line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If EURGBP continues in its current trajectory, we could see it […]
Either a rebound or a breakout imminent on UKX.IND
UKX.IND is about to retest a key horizontal support level near 7309.6001. It has tested this level 5 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.
Should we expect a bullish trend on SPX.IND?
SPX.IND has broken through a resistance line of a Channel Down chart pattern. If this breakout holds true, we may see the price of SPX.IND testing 4525.9910 within the next 10 hours. But don’t be so quick to trade, it has tested this line in the past, so you should confirm the breakout before taking […]
GBPUSD approaching support level
A strong support level has been identified at 1.2262 on the 30 Minutes GBPUSD chart. GBPUSD is likely to test it soon.
Will DAX.IND bounce after a massive rise?
An unexpected large move has occurred on DAX.IND 1 hour chart beginning at 15342.7 and ending at 15754.7. Is this a sign of something new? What can we expect in the future?
Possible breach of resistance level by EURGBP
EURGBP is trapped in a Rising Wedge formation, implying that a breakout is Imminent. This is a great trade-setup for both trend and swing traders. It is now approaching a support line that has been tested in the past. Divergence opportunists may be very optimistic about a possible breakout and this may be the start […]
USDCHF drops 4 candles in a row
Trend followers are probably eagerly watching USDCHF to see if its latest 5 consecutive candles continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 4 day move.
Dramatic change in EURUSD. A sign of things to come?
EURUSD dropped sharply for 17 hours – 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 EURUSD there is a chance that we will witness a correction, no matter how brief.
Possible breach of resistance level by EURGBP
EURGBP was identified at around 0.87263 having recently rebounded of the support on the 1 hour data interval. Ultimately, the price action of the stock has formed a Rising Wedge pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 0.8768 level.
A potential bullish movement on NDX.IND
NDX.IND is heading towards 15539.9004 and could reach this point within the next 5 hours. 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.