Possible start of a bearish trend on XAUUSD
The breakout of XAUUSD through the 1966.9900 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, XAUUSD could test 1962.2220 within the next 5 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout.
USDCAD approaching resistance of a Rising Wedge
USDCAD is heading towards the resistance line of a Rising Wedge and could reach this point within the next 22 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 […]
Breach of important price line imminent by EURUSD
The price of EURUSD 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.
Big Movement SPX.IND
SPX.IND experienced a 5.98% bullish movement in the last 11 days.
XAUUSD Target Level: 1968.1185
Descending Triangle identified at 06-Nov-2023 00:00 UTC. This pattern is still in the process of forming. Possible bearish price movement towards the support 1968.1185 within the next 2 days.
Big Movement SPX.IND
SPX.IND experienced a 5.94% bullish movement in the last 10 days.
UKX.IND Target Level: 7337.7002
Approaching Support level of 7337.7002 identified at 03-Nov-2023 16:00 UTC
Consecutive Candles NDX.IND
NDX.IND experienced 5 consecutive bullish candles. Possible bearish price movement to follow.
XAUUSD Target Level: 2023.5124
Channel Up identified at 02-Nov-2023 12:00 UTC. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 2023.5124 within the next 2 days.
GBPUSD Target Level: 1.2252
Broke through Resistance level of 1.2176 at 02-Nov-2023 04:00 UTC