Should we expect a breakout or a rebound on XAGUSD?
XAGUSD is trapped in a Triangle 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 of […]
Should we expect a bearish trend on AUDUSD?
A strong support level has been breached at 0.6643 on the 30 Minutes AUDUSD chart. Technical Analysis theory forecasts a movement to 0.6617 in the next 18 hours.
UKX.IND – Continuation Chart Pattern – Falling Wedge
UKX.IND is approaching the support line of a Falling Wedge. It has touched this line numerous times in the last 11 days. If it tests this line again, it should do so in the next 2 days.
USDCHF running upward for the last 6 days
USDCHF has experienced an exceptionally large amount of consecutive bullish candles to reach a price of 0.9004 in the last 7 days.
Confirmed breakout on DAX.IND 1 hour chart
The price of DAX.IND in heading in the direction of 18529.0000. Despite the recent breakout through 18371.8008 it is possible that it will struggle to gain momentum to the forecast price and move back in the other direction. This has happened many times in the past so watch for a possible bounce back.
XAGUSD – getting close to support of a Falling Wedge
XAGUSD was identified at around 29.071 having recently rebounded of the resistance on the 4 hour data interval. Ultimately, the price action of the stock has formed a Falling Wedge pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 28.3163 level.
AUDUSD approaching resistance level
AUDUSD is approaching a resistance line at 0.6670. If it hits the resistance line, it may break through this level to continue the bullish trend, or it may turn around back to current levels.
A potential bearish movement on UKX.IND
UKX.IND 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 UKX.IND continues in its current trajectory, we could see it […]
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.
DAX.IND approaching resistance of a Channel Up
DAX.IND is moving towards a resistance 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 DAX.IND continues in its current trajectory, we could see it […]